Jakarta. Indonesia has dropped the quarantine requirement for international travelers who have received the complete vaccine doses against Covid-19 starting on March 22. The government hopes this will encourage the country’s economic recovery. The decision ended two years of Indonesia’s border closure and put the country in the same position as its neighbors Thailand and Malaysia, […]
Read MoreTEMPO.CO, Jakarta – The government has extended the visa on arrival (VoA) program to cover international travelers arriving at I Gusti Ngurah Rai International Airport, Bali, from 42 countries, Tourism and Creative Economy Minister Sandiaga Uno has said. The facility was earlier extended to travelers from 23 countries. According to Uno, the VoA program for foreign tourists will be effectively […]
Read MoreUOB Kay Hian (UOBKH) is recommending investors to take shelter in Indonesia’s finance, retail, healthcare and technology sectors to avoid fluctuations in commodity prices, given their minimum exposure. Noting the “skyrocketing” prices of commodities such as wheat, coal and oil since the onset of the Russia-Ukraine conflict, the research house estimates many have risen by […]
Read MoreINDONESIAN consumer platform Nirvana Wastu Pratama (NWP Property), CRE Asia – a subsidiary of Japanese property firm CRE Inc – and Indonesia entrepreneur Bonny Setiawan have formed a joint venture to establish a big-box logistics platform in South-east Asia’s largest economy. The joint venture, which will be led by Setiawan as its chief executive officer, […]
Read MoreThe Asian Development Bank (ADB) on March 18 said it would help Indonesia develop the new capital city project in East Kalimantan, following the appointment of a former ADB vice-president as an overseer of the project. The help will comprise designing the city, assessing potential environmental and social impacts and mobilising financing from the public […]
Read MoreThe Indonesian government has doubled the upper limit of palm oil export levies to dissuade companies from exporting the product amid a domestic shortage of palm oil-based cooking oil. The finance ministry on March 18 issued a regulation that raises the progressive levy up to $375 per tonne of crude palm oil (CPO) when international […]
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