Business News

New Retail Bond Issue Aims to Raise $712M for Economic Recovery, COVID-19 Vaccines

The government is looking to raise Rp 10 trillion (US$711.6 million) from a new series of domestic retail bonds to fund the country’s fiscal deficit and COVID-19 vaccination program, the Finance Ministry announced on Monday. “The proceeds will be used to fund the pandemic handling and economic recovery [efforts] including…

Investment to Grow in 2021 as Post-Pandemic Hopes Rise

More investment is expected to materialize in Indonesia this year, analysts believe, as reform and hopes of a receding pandemic boost expectations, while the government approaches bona fide companies, such as Tesla, to invest in the country. The Investment Coordinating Board (BKPM) announced on Monday that Indonesia recorded a growth…

Fiscal Benefits in Italy for Foreign Investors and Workers

The Italian government is encouraging foreigners to move to Italy through several legislative measures. Since 2015, different governments and different majorities have passed several laws in order to grant fiscal and administrative benefits for foreign investors and workers, who want to live, work, and do business in Italy. In this…

Government Prepares IDR 5.5 Trillion for Rejuvenating People's Palm Oil in 2021

The meeting of the Steering Committee for the Palm Oil Plantation Fund Management Agency (BPDPKS) on January 22, 2021, has approved the proposed BPDPKS budget allocation for 2021. The allocated fund is Rp 5.5 trillion. "The main support is the fulfillment of the target for rejuvenating people's palm oil in…
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