Policy Information

According to a report by Indonesia's state news agency, on June 28 Indonesia's Trade Minister Hassan told the media that in order to protect the local manufacturing industry, new trade regulations will be introduced in the next one to two days on cosmetics, textiles, clothing, shoes...

Trade Minister (Mendag) said he will tighten ceramic imports due to the large number of illegal ceramic products entering from China. The Trade Ministry recently confiscated 4.57 million ceramic products, worth nearly Rp 80 billion, because they did not meet SNI standards....

The Ministry of Industry (Kemenperin) will ensure facilitation for potential new investors from China to invest in Indonesia, the secretary-general of the Ministry of Industry said, adding that the facilitation measures provided by the government include tax relief in the form of tax holidays, tax allowances, and excess deduction tax...

The New Capital IKN Authority aims to land foreign investment in East Kalimantan (Kaltim) New Capital (IKN) this year, with the authority claiming that foreign investor interest in the area is quite high.OIKN's deputy officer for financing and investment said that many foreign investment...

The Coordinating Minister for Economic Affairs is optimistic that Indonesia's economic growth will exceed 51 TP3T in the first quarter of 2024, stating that Indonesia's economic target for 2024 is to grow by 5.21 TP3T. the target for this year so far is 5.21 TP3T, and of course the government hopes to...

The government will discuss its policy plan to raise the value added tax (VAT) by 121 TP3T, and it has not yet been decided whether the policy will be implemented in 2025. On Wednesday (April 23, 2024), the Coordinating Minister for the Economy said that only if the national budget APB...

The Yuanhong Functional Zone of Fuzhou New District recently announced that a consortium led by CCCCI has successfully won the bid for the Food Industry Park (Phase II) project in the China-Indonesia Economic and Trade Innovation and Development Demonstration Park, which is expected to start...

China's China Development Bank (CDB) has allocated US$448 million (Rp 6.9 trillion) to Indonesian Railways (KAI), a loan that will be used to cover the cost of the Jakarta-Bandung High-Speed Railway, also known as the "Whoosh" High-Speed Railway project, which will...

Perry Wajiyo, the governor of Indonesia's central bank, recently announced a new financial strategy that will see the start of local currency settlements for cross-border transactions with India and Saudi Arabia. Wajiyo was speaking at a Jakarta ...