Business News
The Minister of Industry says Jokowi agrees to exempt 2,500 cc car sales tax
The government plans to expand the relaxation of Sales Tax on Luxury Goods for cars with engine cylinder volumes of up to 2,500 cc. This is in line with President Joko Widodo's direction during a meeting with the Minister of Industry, Agus Gumiwang Kartasasmita. "The time frame for the implementation…
Lebaran 2021 Homecoming Will Accelerate Economic Recovery
The government's decision not to prohibit Lebaran homecoming this year is considered to be able to help economic growth. However, the government must be able to take responsibility that this decision will not increase the positive cases of Covid-19 considering that daily cases are currently experiencing a decline. This was…
Rice Imports Back in Spotlight as Govt Plans to Buy up to 1.5M Tons
Farmers' associations have raised their objections to the government’s plan to import between 1 million and 1.5 million tons of rice this year, as the country moves closer to peak harvest season and farmers face falling prices. Indonesian Farmer Union (SPI) chairman Henry Saragih said the average price of dry…
One Indonesian Industry has Boomed During the Pandemic: Seaweed Farming
When COVID-19 hit Indonesia, it devastated industries such as fisheries. However, one sector has gone against the trend: seaweed farming. Our research shows seaweed farming in Indonesia is booming during the pandemic. There is a range of possible reasons for this change, including environmental conditions, farming practices and the impacts…
