Business News
Indonesian Government Decides Export Levy of USD 0/MT to be Continued as of 1 November 2022
The government pays serious attention and remains committed to supporting the oil palm plantation sector as one of the national strategic commodities, where various policies have also been established to support this. One of the policies implemented is the determination of the Export Levy (PE) to US$0/MT which has been…
LPEI Encourages Increase in Coffee Exports Through the Foreign Exchange Village Program
The Indonesian Export Financing Agency (LPEI) encouraged an increase in Indonesian coffee exports. LPEI Executive Director Rijani Tirtoso said that coffee is one of Indonesia's leading commodities. LPEI has a Coffee Cluster Foreign Exchange Village program which includes assistance to farmers with a focus on strengthening the production process and…
Minister of Transportation: Proving Ground in Bekasi Can Increase the Competitiveness of Indonesian Automotive Products
The Minister of Transportation (Menhub), Budi Karya Sumadi, said that the Roadworthiness Testing Center and Motor Vehicle Certification (BPLJSKB) project in Bekasi could make Indonesian automotive products more competitive. Moreover, the motor vehicle testing facility is also targeted to be the largest in Southeast Asia. "With the presence of the…
Adaro Minerals Q3: Core Profits Up 456%, Production Breaks 2.56 Million Tons
PT Adaro Minerals Indonesia Tbk explained its performance during the third quarter of 2022. The issuer with the ADMR stock code noted that core profit rose to USD 292 million or around IDR 4.52 trillion (exchange rate of IDR 15,500) for 9 months in 2022. The increase in core profit…
