Business News
EU Drops Anti Dumping Investigation on Indonesian Stainless Steel
The European Commission has terminated an anti-dumping probe into hot-rolled stainless steel from Indonesia after the European steel lobby withdrew their complaints, the Indonesian Trade Ministry said on Tuesday. The decision ensures access to a key market for Indonesia's steel industry, which has ramped up its production capacity in the…
Jokowi Says Investing in Indonesia is Easier than Ever
As the global economy is idle due to coronavirus lockdown, the Indonesian government takes the momentum to launch an “extraordinary structural reform” that makes the business climate friendlier to investors than ever before, President Joko “Jokowi” Widodo said on Thursday. Key in the current reform is the adoption of a…
Patimban Seaport to Become Java’s Logistic Hub for Eastern Indonesia: Minister
Transportation Minister Budi Karya Sumadi said Monday that the Japan-backed Patimban seaport is expected to be the logistic hub for goods shipped to and from eastern Indonesia to Java Island, complementing the busy Tanjung Priok Port in Jakarta. Tanjung Priok Port will then primarily handle shipments that are bound and…
Indonesia Sovereign Wealth Fund Aims to Raise $15b by Offering Multiple Funds
Indonesia’s new sovereign wealth fund will offer dedicated industry funds in a bid to drum up US$15 billion investment and deepen access to global capital by Southeast Asia’s biggest economy, finance minister Sri Mulyani Indrawati told Reuters. The structure, outlined in a briefing by top economic ministers last Friday, has…
