Business News
Governor Says New Presidential Regulation Opens Up Investment Opportunities on Balinese Arak
Bali Governor Wayan Koster said a presidential regulation signed earlier this month will further the development of Bali’s own traditional liquor arak, marking a new chapter in the province’s push for the beverage to gain more commercial prominence. “The existence of Presidential Regulation [Perpres] No. 10 Year 2021 is making…
Sandiaga Uno Supports Construction of Bandung Freedom Park to Boost Tourism
Tourism and Creative Economy Minister Sandiaga Uno voiced his full support for the construction of Bandung Freedom Park. The project, he said, could be a new tourist destination that will encourage the creative economy in the region and absorb many jobs. Sandiaga conveyed his support following a discussion with the…
Swallow's Nest Becomes New Icon of Agricultural Export
The Ministry of Agriculture (Kementan) will continue to focus on spurring exports of swallow's nest commodity (SBW) which has shown an increase in the last 5 years. This livestock sub-sector product has even been asked to become a new icon for agricultural exports. From data released by the Central Statistics…
Indonesia Issues 'Priority' Investment List Under New Regulation
Indonesia's government has issued a new regulation on investment following the passage of its job creation law last year, which includes the removal of some restrictions on foreign investment in a bid to boost investment into its pandemic-hit economy. The new rules for the law, often referred to as the…
