Indonesia Lifts Decades-Long Sea Sand Export Ban
President Joko Widodo has officially lifted the restrictions on sea sand exports, despite the ban having been in place for 20 years. The sea sand export policy follows the revision of two new regulations issued by the Minister of Trade, serving as the implementation of Government Regulation (PP) No. 26 of 2023 on Marine Sediment Management, and subsequent amendments proposed by the Ministry of Marine Affairs and Fisheries (KKP). These two regulations are the Minister of Trade Regulation No. 20 of 2024 concerning the Second Amendment to Minister of Trade Regulation No. 22 of 2023 on Prohibited Export Goods, and Minister of Trade Regulation No. 21 of 2024 concerning the Second Amendment to the Minister of Trade Regulation on Prohibited Export Goods.
Indonesia's Ministry of Energy and Mineral Resources Reduces Fuel Subsidy Quota for Next Year
Differences Between Central and Local Taxes in Indonesia
Indonesia Plans to Add Four New Special Economic Zones
Foreign Enterprises Investing in New Capital Exempt from Compensation for Foreign Workers
2025 Indonesia (APBN) National Budget Plan
Article data source: ANTARA News Agency, Jokowi's 2025 State Budget Speech. Translated by: Qiandao Enterprise Services. Indonesian President Joko Widodo submitted the 2025 Draft State Budget and Expenditure on Friday, August 16. This budget aims to support the new government for 2024-2029 and remind them of the risks that global economic turmoil may pose to Indonesia. According to budget data from the Indonesian Presidential Secretariat, the government budget includes two main parts: revenue and expenditure:
Joko Approves Establishment of Four New Special Economic Zones in Indonesia
Four new Special Economic Zones (KEK) proposed by business figures this year have been approved by President Joko Widodo. These four KEKs are Edutek Medika Internasional Banten at Bumi Serpong Damai (BSD), Nipa in Riau Islands, Batam International Health Tourism Zone in Riau Islands, and Bungku Green Industry in Central Sulawesi. The Coordinating Minister for Economic Affairs stated that President Joko Widodo has approved the four proposals to establish KEKs and is currently
Indonesian Trade Minister Says Illegal Import Task Force Does Not Target Ordinary Merchants
The Minister of Trade (Mendag) confirmed that the Illegal Imported Goods Supervision Task Force (Satgas), which applies to import trade procedures, focuses on importers and/or distributors of illegal goods, not on retailers or traders in shopping centers. However, the task force may also conduct inspections in shopping centers, but the nature of these inspections is to seek information about illegal importers. The task force's duties include: first, identifying problems in the supervision of certain goods subject to import trade regulations; second, determining program objectives and work procedures; and third, inspecting business licenses or requirements for certain goods subject to the import trade system.
Trade Minister Says Task Force Focuses on Major Wholesalers and Importers
The Minister of Trade (Mendag) stated that the special task force (Satgas) for supervising illegal imported goods is not targeting retailers. Instead, it will focus on monitoring the activities of importers, distributors, or wholesalers of seven regulated commodities. These seven commodities are textiles and textile products (TPT), ready-made garments, ceramics, electronics, beauty or cosmetic products, textile finished products, and footwear. The focus of supervision is on importers or distributors, so he urged traders selling these seven legal commodities not to worry about the existence of the task force. Furthermore, he revealed that the newly established special
Indonesia's Crackdown on Illegal Imported Goods Policy to Last at Least One Year
The Director of Consumer Protection and Orderly Business (PKTN) at the Ministry of Trade (Kemendag) stated that the special task force monitoring illegal imports is valid for one year. If necessary, the government can extend the working period and add more products. The task force consists of relevant ministries, institutions, and law enforcement officials, and operates under the direct instructions of the Minister of Trade. They are already aware of the locations commonly used for smuggling illegally imported goods. The Minister of Trade previously met with the Attorney General and the Chief of the National Police to request support in forming the task force. The Ministry of Trade will also coordinate with the Criminal Investigation Agency (Bareskrim) of the National Police
Boss Says: Indonesia's Crackdown on Illegal Imports Will Last Six Months
Breaking news: On July 19, Indonesian Minister Hasan officially announced the establishment of a special task force to crack down on illegal imported goods, effective from July 18 until December 31, 2024. It appears the crackdown will last for about six months, causing many entrepreneurs involved in Indonesian trade and e-commerce to break out in a cold sweat. Members of the special task force come from 11 ministries and agencies of the Indonesian government, namely: the Ministry of Trade; the Attorney General's Office; the Indonesian National Police; the Ministry of Finance; the Ministry of Industry; the Ministry of Law and Human Rights;
Indonesia's New Capital Land Use Rights Can Extend Up to 190 Years
Indonesia's Trade Minister (Mendag) hopes that the new capital city (IKN) land use rights (HGU) permits, which are divided into two cycles, extend up to 190 years, and have been signed by President Joko Widodo, will make potential investors more willing to invest. Many investors are interested in investing in IKN, but there were no clear regulations regarding land permits. Granting HGU is seen as providing investors with certainty and clarity regarding land conditions when investing. Previously, the situation was unclear, so people did not know how to proceed with construction without any land permits. These regulations have just been finalized and signed by the President.