The Indonesian Chamber of Commerce and Industry (Kadin) and the Indonesian Employers Association (Apindo) have opposed a government plan to increase import tax on goods that can be produced locally, saying it could backfire on the economy. “The Indonesian manufacturing industry is starting to grow. Don’t let [import tax] be counterproductive to efforts to encourage […]
Read MoreIndonesia’s rupiah has regained the crown of being Asia’s most volatile currency. Concern about the nation’s widening current-account deficit has focused attention on the currency amid a global selloff in emerging markets. A gauge of the rupiah’s swings over the past three months has surpassed those of South Korea’s won, ending a period of relative […]
Read MoreTEMPO.CO, Jakarta – The Maritime and Fisheries Affairs Minister Susi Pudjistuti, appealed to all regional governments to issue policy regarding the use of plastic. The request was made considering many plastic trashes were found polluting Indonesian waters. “Several regions such as Banjarmasin and Balikpapan have issued local regulations related to the use of plastic bags,” said Susi Pudjiastuti […]
Read MoreThe Indonesian Biofuel Producers Association (Aprobi) has said it welcomes Presidential Regulation (Perpres) No. 66/2018 mandating the use of 20 percent blended biodiesel ( B20 ), but has called for clear specifications on the production allocation for B20 fuel. Coordinating Economic Minister Darmin Nasution had said earlier that President Joko “Jokowi” had signed the Perpres, which will come into effect […]
Read MoreBank Indonesia has announced that foreign debt grew 5.5 percent year-on-year (yoy) to US$355.7 billion in the second quarter of 2018, slower than growth in the previous quarter, which was 8.9 percent. Foreign debt consisted of $179.7 billion in government and Bank Indonesia debt and $176 billion in private debt, according to the central bank’s […]
Read MoreThe government has temporarily revoked four concentrate export permits because the mining companies had failed to fulfill their commitment to develop smelters as part of the permit’s requirements. Kontan.co.id reported that three of the four companies are nickel miners, all based in Southeast Sulawesi: PT Surya Saga Utama in Bombana; PT Modern Cahaya Makmur in Konawe; and PT Integra Mining Nusantara […]
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