Tag Archives: indonesia

The government has asked major exporters to park their export revenue in Indonesia and convert it into rupiah to help bolster the currency’s exchange rate. President Joko “Jokowi” Widodo made the call during his meeting with 40 top Indonesian exporters on Thursday at Bogor Palace in West Java. Also present at the meeting were Indonesia’s richest man, Robert Budi […]

China on Monday launched an anti-dumping probe into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints that a flood of product has damaged the local industry. The Commerce Ministry said on Monday the investigation will target imports of stainless steel billet and hot-rolled stainless steel […]

The Association of Bottled Drinking Water Companies (Aspadin) considers the Draft Law on Water Resources (SDA) to threaten business continuity as it still confuses social and economic functions. Chairman of Aspadin Rachmat Hidayat revealed that in the last draft of Natural Resources Bill Article 51 paragraph 1, the government equates the social function of water […]

Business actors who feel unfairly treated by the tax authorities are welcome to make a report. “If there is a complaint, do not hesitate, the government is present for the community, for the business world, if there is a tax officer doing harassment or something unfair, report,” said Finance Minister Sri Mulyani Indrawati when delivering […]

 Bandung is eyeing Muslim visitors with a halal tourism concept. “Halal tourism is a concept of tourism that aims to meet the needs of Muslim visitors during their vacation,” said Bandung Culture and Tourism Agency head Dewi “Kenny” Kaniasari in Bandung on Monday. “Bandung already has the 3As to offer in halal tourism: attractions like […]

The National Police’s counterterrorism squad Densus 88 shot dead three alleged terrorists on Jl. Kaliurang in Ngaglik district, Sleman regency, on Saturday. “Today we arrested three and they are dead. They were fighting the police so we took a measured action,” Yogyakarta Police spokesperson Adj. Sr. Comr. Yulianto told the media on Saturday. Yulianto said the alleged terrorists used […]

State-owned mining holding company Inalum now owns a 51 percent from the previous figure of 9.36 share of gold and copper miner PT Freeport Indonesia after years of “tough” negotiations, President Joko “Jokowi” Widodo announced on Thursday. Previously, US mining giant Freeport McMoRan Inc. (FCX), a parent company of PT Freeport Indonesia, owned 90.64 percent […]

Transportation Minister Budi Karya Sumadi has said that the government plans to develop 10 new airports to support the development of tourism in the country. He said the government was discussing financial resources for the planned projects. “The valuation process is being discussed by the Finance Ministry,” Budi said in Jakarta on Wednesday as reported by kompas.com. Airports would be […]

National Development Planning Minister Bambang Brodjonegoro has said that the government is committed to creating new centers of economic growth outside Java in its effort to reducing economic disparities between Java and other regions. Bambang, who is also head of the National Development Planning Agency (Bappenas), pointed out that 60 percent of the country’s economy was based in Java, […]