Business News
Golden Visa for Foreigners Expected to Boost Investment and Tourism in Batam
The government has issued a new policy regarding the issuance of golden visas for foreign investors. This golden visa provides a streamlined process for a period of 5-10 years. The Head of the Cultural and Tourism Office (Disbudpar), Ardiwinata, explained that the golden visa is introduced to encourage both investment…
Energy and Mineral Resources Ministry Announces Investment by 3 Companies in Solar Power Plants for Singaporean Export Market
The Indonesian Ministry of Energy and Mineral Resources (ESDM) reports a growing positive trend in investment commitments for the development of solar power (PLTS) in both upstream and downstream industries within the framework of clean electricity export cooperation to Singapore. Secretary-General of the ESDM Ministry, Dadan Kusdiana, states that three…
Indonesia's Competitiveness Ranking Rises As Investors Come In
Indonesia's Minister of Economic Affairs, Airlangga Hartarto, attributes the significant rise in Indonesia's competitiveness ranking in 2023 from 44th to 34th among 64 ranked countries to the successful implementation of the Job Creation Law (UU Ciptaker). This elevation is based on the World Competitiveness Ranking 2023 research by Switzerland's Institute…
Lifting the Manufacturing Sector, Ministry of Industry Together with Industry Need Structural Transformation
The manufacturing sector is the mainstay sector of the economy of developing countries, including Indonesia. This can be seen from the value of investment, export contribution, and the level of employment. Similarly, in terms of tax contributions, - sources of formal activity and foreign exchange of the country. Therefore, the…
