Business News
Businesses seek lower tax rate to improve competitiveness
Representatives of two business associations have called on the government to lower the rate of corporate income tax so they can manufacture products that can compete in the global market. They claim that the 25 percent tax rate means Indonesian products cannot compete in the global market because neighboring countries…
Indonesia Reviews CEPA after EU Proposes Cap on Palm Oil-Based Biofuels
Indonesia has said it is now reviewing negotiations over the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) in response to a recent European Union proposal to put a cap on palm oil-based biofuels. “We are reviewing [the IEU-CEPA] comprehensively,” Trade Ministry international trade negotiation head Iman Pambagyo said as quoted…
Mandatory Halal Certificates to Take Effect This Year, MUI Reminds
The Indonesian Ulema Council (MU) has reminded all food, medicine and cosmetics manufacturers that they must obtain halal certificates for their products because new halal product legislation will begin to take effect this year.“Based on the law on halal product assurance, halal certification is mandatory this year. Therefore all products…
Indonesia Threatens to Ban European Goods in Dispute Over Palm Oil
Indonesia threatened to ban imports of some goods from the European Union in retaliation for the bloc’s move to impose stricter limits on how palm oil can be used in green fuels.The world’s largest palm oil producer is considering such a step to protect the interest of almost 20 million…
