Business News
40,000 Tonnes Worth of Rice To Enter Indonesia As Eid al-Fitr Approaches
As many as 40,000 tonnes of imported sugar are targeted to enter Indonesia ahead of the Eid al-Fitr 2023 holiday. The arrival of White Crystal Sugar (GKP) is to meet the demand for sugar stocks during the National Religious Day (HBKN) of Ramadan and Eid al-Fitr. The CEO of Holding…
The Government Provides VAT Incentives for Electric Vehicles in Indonesia
The government is providing Value Added Tax (VAT) incentives for the purchase of electric four-wheeled vehicles and buses, aiming to accelerate the economic and electric vehicle transformation in Indonesia. The regulation has been stipulated in the Ministry of Finance Regulation No. 38 of 2023 regarding VAT on the Sale of…
Projected 5% Increase in Consumer Spending during Ramadan 2023
Economists predict that Indonesia's economy will stabilize in 2023, with a projected growth rate of around 5%, which is the average rate before the Covid-19 pandemic. One factor that could contribute to this growth is increased consumer spending during Ramadan, with a projected increase of 4.8 to 5% in Q2…
Lampung Exports 11,650 Tons of Sugarcane Drops Worth IDR 24 Billion to the Philippines
The Lampung Agricultural Quarantine Agency completed certification of 11,650 tons of molasses worth IDR 24 billion, to be exported to the Philippines, Monday (27/3/2023). A Plant Health Certificate or Phytosanitary Certificate (PC), is issued after going through a series of inspections by quarantine officers. These actions include physical inspection, documents,…
