Business News
New Investment Ministry expected to drive economic transformation
The Joko Widodo administration's decision to upgrade the Investment Coordinating Board (BKPM) into the Ministry of Investment has been welcomed by the business community as it is expected to create positive sentiment among domestic as well as foreign investors. The new ministry, announced by President Widodo on April 28, 2021,…
Indonesia’s Job Creation Law unlocks new opportunities for foreign investors and expatriates
Southeast Asia's largest economy, Indonesia, has moved the tax system forward to be more globally competitive among countries in the region. By enacting Law No. 11 of 2020 (Job Creation Law), the government has restructured several major tax laws at once, facilitating quick responses toward the need of economic recovery…
Indonesia stays Java-centric despite infrastructure drive
Despite the emergence of new urban centres on other islands, the Indonesian population of over 270 million people remains concentrated on Java as other islands still fail to catch up with the development achieved on the country’s most populous island.Java had roughly 151.6 million people, or around 56.1 per cent…
Indonesian government optimistic about economic recovery
The signals of Indonesia's economic recovery are increasingly visible and the government is optimistic that economic conditions would continue to experience significant improvements, according to the Presidential Staff Office (KSP). Antara news agency quoted Deputy III of the KSP Panutan Sulendrakusuma as saying that Indonesia posted a record trade surplus…
