Business News
Halal certification to raise US$1.6 billion in revenue, says official
The government expects to raise Rp 22.5 trillion (US$1.6 billion) in revenue from the halal certification law, which becomes effective this year, an official has said. Law No. 30/2014 requires producers to obtain halal certification beginning Oct. 17, 2019 for a variety of products, particularly food and beverages and medicines.…
Digital trade to be biggest support for Indonesian economy by 2030
Indonesia’s digital trade is expected to be the biggest support for the country’s economy by 2030, by helping commodities and manufacturing goods as well as services gain greater online market access. The research was jointly conducted by AlphaBeta, the Hinrich Foundation and the Centre for Strategic and International Studies (CSIS),…
E-commerce responsible for worsening trade deficit
E-commerce it has contributed significantly to the country’s state revenue, on the other hand, it has contributed to the country’s trade deficit. The Finance Ministry’s Customs and Excise Directorate General recorded that the contribution of import duties from e-commerce products to state revenue was recorded at Rp 1.19 trillion ($4.85…
Sea toll program works in reducing price disparity
Jakarta (ANTARA News) - The sea toll program is crucial for Indonesia, which is one of the world`s largest maritime countries, with some 5.8 million square kilometers of sea territory, while its land territory covers only 1.9 million square kilometers. Moreover, the largest archipelagic nation in the world has some…
