Policy Information
List of items exempted from import duty or VAT in Indonesia from next year
The Minister of Finance exempts certain imported goods from import duties and/or value added tax (VAT), which include aircraft spare parts, scientific and technical books, caskets or other parcels containing corpses or ashes. The Minister of Finance Regulations (PMK) 2024 No....
Indonesia plans to block Apple 16's IMEI number
It seems that Indonesian consumers will need to be more patient waiting for Apple's latest iPhone 16 smartphone, which is not only not authorized for sale, but there is also the threat of blocking the IMEI. The Ministry of Industry is preparing to block the iPhone 16 from going on the...
China and India sign seven cooperation agreements
President Prabowo, together with Chinese state leaders, witnessed the signing of seven cooperation agreements between Indonesia and China. Quoting the Presidential Secretariat, the ceremony of signing the cooperation agreements was held on Saturday (November 9, 2024) at the Great Hall of the People in a...
Indonesia to ban exports of copper and tin raw materials from next year
In order to strengthen downstream industry development, the Ministry of Industry (Kemenperin) continues to enhance downstream optimization and improve the competitiveness of the country's copper and tin industry. In addition, the copper and tin sectors are supporting downstream automotive, electronics, electrical equipment and renewable energy...
Indonesia Follows Singapore's Lead in Establishing National Investment Holding Agency
Indonesia's new President Prabowo will set up a national investment holding company similar to Singapore's Temasek to consolidate and leverage decentralized investments. The agency, called Daya Anagatanusan Dara Investment Management Agency (Daya...
Gov. Prabowo's cabinet list officially released
The composition of the Cabinet for the period 2024-2029 was announced by President Prabowo and Vice President Gibran at the Presidential Palace in Jakarta on Sunday (October 20, 2024) evening. Prabowo's cabinet consists of 109 ministers, deputy ministers (wamen)...
Prabowo inaugurated as Indonesia's president: ushering in a new era
October 20, will be the moment to witness history, Indonesia ushered in the presidential change, from 2014 to 2024, 10 years in office, the veteran leader Joko is stepping down, Prabowo will succeed the new president from 2024-2029, this presidential inauguration has...
Indonesia's Ministry of Industry introduced mandatory standard certification for 16 products
The Minister of Industry (Permenperin) has issued a new regulation on the implementation of mandatory Indonesian National Standards (SNI) for 16 industrial products, aiming to provide quality assurance to the public. The regulation included in the Minister of Industrial Regulation (Permenperin) program regulates the...
Joko to develop downstream nickel minerals industry in Indonesia
One of the accomplishments of the Joko administration has been the downstream mining sector, a program that has become the backbone of Indonesia and has succeeded in increasing the value added from raw mining production to mature commodities. It is understandable, therefore, that Indonesia ultimately benefited from this downstream program...
Indonesia plans to ban fuel cars by 2045
The government plans to increase the use of electric cars at increasingly affordable prices, compared to fuel-burning vehicles (BBMs), which will be limited by the cessation of sales of these conventional cars. The Ministry of Maritime and Investment Coordination (Kemenko Marves) said it is...
