Business News
Bali Plays Host to Live Event for ITB Berlin NOW 2021
Indonesian sellers who took part in the recently-concluded virtual ITB Berlin NOW 2021 convened in a live meeting held in Bali, which was hosted by the Indonesia Ministry of Tourism and Creative Economy (MOTCE). The event, which took place from March 9-12, saw the ballroom at The Anvaya Beach Resort…
Indonesia: Imports Bounce Back After Long Slump
Exports sustain growth while imports recoverIndonesia’s export sector has continued to hum along, posting a 4th straight month of expansion with global economic prospects brightening as vaccination efforts continue for developed and emerging markets alike. Meanwhile, imports recorded their first expansion after 19 straight months of contraction, which could point…
The Non-Oil and Gas Sector Controls 94.36 Percent of Indonesia's Exports in February 2021
The Central Statistics Agency (BPS) revealed that the value of Indonesia's exports in February 2021 reached USD 15.27 billion. The amount is down 0.19 percent compared to exports in January 2021, but on a YoY basis it grows 8.56 percent. Indonesia's main export sectors are oil and gas, agriculture, manufacturing…
Indonesia Offers More Aggressive Tax Perks for Electric Vehicles
Indonesia, a top supplier of a key battery metal, will aim to boost sales of electric vehicles with a new regulation that will cut tax breaks for hybrid cars.Battery-powered electric vehicles will retain their 0% luxury tax rate, while plug-in hybrid vehicles will see their tariff increase to 5% from…
