Business News
In Papua, Forests Offer More Economic Benefits than Palm Oil Plantations, Research Finds
Promising revenues from the palm oil industry has lured Indonesia, Southeast Asia’s largest economy, to sacrifice its forest areas for palm oil plantations across the country. Latest data shows Indonesia turns around 242,857 hectares of forest per year into oil palm plantations since 1990. This is approximately four times the…
Indonesia pledges to safeguard investments as Covid-19 fears grow
Indonesian authorities have provided assurances to investors that they will be shielded from potential disruptions amid the coronavirus outbreak that has discouraged investment into the country.Investment Coordinating Board (BKPM) head Bahlil Lahadalia met with the National Police's Criminal Investigation Department (Bareskrim) chief, Insp. Gen. Listryo Sigit Prabowo, on Monday to…
Indonesia, EU strive to complete negotiations on economic deal in 2020
Indonesia and the European Union (EU) have agreed to complete the negotiations on the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU CEPA) by the end of 2020.The agreement was reached by Indonesian Deputy Trade Minister Jerry Sambuaga and European Commissioner for Trade Phil Hogan at their meeting on February 19. Sambuaga…
Indonesia parliament tells government to tax a wider range of plastic products
The government had at first proposed to impose excise taxes on plastic bags, sweetened beverages and vehicles that emit carbon dioxide, to discourage their use, cut waste and reduce pollution in Southeast Asia’s largest economy. The government proposal came amid weak tax collection after the economy grew at its slowest…
