Business News
The Non-Oil and Gas Sector Controls 94.36 Percent of Indonesia's Exports in February 2021
The Central Statistics Agency (BPS) revealed that the value of Indonesia's exports in February 2021 reached USD 15.27 billion. The amount is down 0.19 percent compared to exports in January 2021, but on a YoY basis it grows 8.56 percent. Indonesia's main export sectors are oil and gas, agriculture, manufacturing…
Indonesia Offers More Aggressive Tax Perks for Electric Vehicles
Indonesia, a top supplier of a key battery metal, will aim to boost sales of electric vehicles with a new regulation that will cut tax breaks for hybrid cars.Battery-powered electric vehicles will retain their 0% luxury tax rate, while plug-in hybrid vehicles will see their tariff increase to 5% from…
Jokowi Removes Coal from the Hazardous Waste Category
Coal waste is excluded from the list of hazardous and toxic waste categories (B3 Waste). This abolition is contained in Government Regulation (PP) Number 22 of 2021 concerning the Implementation of Environmental Protection and Management and is one of the derivative regulations of the Job Creation Law. The hazardous waste…
Car Sales Skyrocketed Post-PPnBM Relaxation 0 Percent New Cars
The policy to reduce the sales tax rate on luxury goods borne by the government (PPnBM DTP) for cars is starting to bear fruit with the increase in orders experienced by a number of domestic principals. It is hoped that this positive impact will accelerate efforts to recover the national…
