Business News
Govt Kicks Off ‘Coffee Week’ to Market Regional Beans
The Trade Ministry launched “Indonesia Coffee Week” on Monday to promote the nation’s beans and boost exports, especially to the European Union (EU), as trade lags during the pandemic. The event aims to market coffee varieties with a Geographical Indication (GI), a designation for products that have a specific region…
Indonesia’s AI Starts-up Ecosystem is Growing Up
Over the last two decades, Indonesia’s startup economy has really come into its own, but its artificial intelligence (AI) startups have only started gaining wider attention this year.This was emblematic of other technologies that were thrown into the limelight during the pandemic, as consumer behavior shifted rapidly and workforces became…
EAEU thinks about creation of free trade zone with Mongolia and Indonesia
The Eurasian Economic Union (EAEU) will study the prospects for concluding free trade agreements with Mongolia and Indonesia. The Eurasian Economic Commission (EEC) reported. The EEC Council decided to form joint research groups to study the feasibility of concluding free trade agreements with Mongolia and Indonesia. According to experts, trade…
Industry Minister Calls for Tax Waiver for New Cars to Boost Sales
Industry Minister Agus Gumiwang Kartasasmita has urged Finance Minister Sri Mulyani Indrawati to temporarily exempt vehicle tax (PKB) for new cars until December in a bid to boost car sales amid COVID-19 pressures. According to Government Regulation No. 73/2019, new passenger car purchases are subject to a luxury tax (PPnBM)…
