Coordinating Economic Minister Darmin Nasution has estimated that inflation will reach 0.20 to 0.25 percent in June, due to controllable prices of staple foods during the Ramadhan fasting month and ahead of the Idul Fitri holiday. “The prices are in OK condition. The prices of rice and meat are all OK,” said Darmin in Jakarta […]
Read MoreSINGAPORE: CVC Capital Partners has invested in PT GarudaFood Putra Putri Jaya, Indonesia’s top snack-food maker, as the private equity firm deepens its exposure to fast-growing South-East Asia, people with knowledge of the matter said. CVC invested about US$150mil in GarudaFood ahead of a planned initial public offering, according to the people, who asked not […]
Read MorePresident Joko “Jokowi” Widodo has signed Presidential Regulation No. 44/2018 on the Indonesia National Single Window (INSW), which is tasked with integrating export and import services, to boost exports. Under the regulation, the submission and the processing of data and information is managed in a single process by the INSW, according to a statement published on the […]
Read MoreThe central bank has said the country will not impose a tax on foreign funds anytime soon, stressing that the issue is only being discussed and is an option to control both capital inflows and outflows. Bank Indonesia (BI) Governor Perry Warjiyo said in Jakarta over the weekend that the central bank had no plan […]
Read MoreAn official at the Energy and Mineral Resources Ministry has confirmed that the temporary special mining permit (IUPK), one of the required documents that allows gold and copper miner PT Freeport Indonesia (PTFI) to export coal concentrates, will expire on July 4. “Yes, [the IUPK] will expire. Logically, it should be extended. But I do not know […]
Read MoreThe government removed on Friday income tax on sugar as part of its attempt to maintain the government’s purchasing price at Rp 9,700 (69 US cents) per kilogram. The decision was made during a meeting at the State Palace in Jakarta attended by relevant officials and ministers. Trade Minister Enggartiasto Lukita said the government preferred to […]
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