Business News
Trade Ministry issues 25 industrial salt import permits
The Trade Ministry has issued permits to 25 companies to import industrial salt, after President Joko “Jokowi” Widodo recently reverted the authority to issue recommendations on salt imports to the Industry Ministry from the Maritime Affairs and Fisheries Ministry. International trade director general Oke Nurwan of the Trade Ministry received a recommendation from…
Government to reduce income tax rate for SMEs
The government will immediately reduce the annual income tax rate for small and medium enterprises (SMEs) from one percent to 0.5 percent. "The step aims to boost the growth of SMEs. The regulation is under discussion," Puspita W. Surono, Finance Ministry`s expert staff for tax supervision, noted in a press…
Investment Boosts Renewable Energy, Ministry of Energy and Mineral Resources Revoke 9 Licenses
The Ministry of Energy and Mineral Resources (ESDM) facilitates investment in the electricity sector and New Energy Renewable Energy Conservation (EBTKE). How? By cut the permissions and rules. Secretary of the Directorate General of Electricity, Agoes Triboesono, said that the ease of Indonesia's business is at 72 in 2018, up…
New Cargo Manifest Regulation
On 14 March 2018, the Transport and Logistics Working Group with the Indonesia Logistics and Forwarder Association (ALFI) organized a joint assessment with other cargo industry’s players on Minister of Finance Regulation No. 159/PMK.04/2017 on the Delivery of Inward Notices, Inward Manifests and Outward Manifests. Few airlines and ground handling…
