Kadin pushes regional QR Code at ASEAN-BAC Meeting
Magelang, March 22 – The Indonesian Chamber of Commerce and Industry (Kadin) called for the adoption of the ASEAN Quick Response (QR) Code by all ASEAN countries at the ASEAN Business Advisory Council (BAC) Meeting on Wednesday. “The transactions carried out via ASEAN QR Code…
Indonesia passes jobs decree into law, easing investment uncertainty
JAKARTA, March 21 – Indonesia’s parliament on Tuesday passed into law an emergency decree on jobs and investment, eliminating legal uncertainty hanging over measures President Joko Widodo has pushed to spur investment in Southeast Asia’s largest economy. The new law replaces the 2020 Jobs Creation…
Indonesia has surplus food ahead of Ramadan, Eid al-Fitr: Ministry
JAKARTA, 10 March – The Trade Ministry has estimated a rice surplus of around 9 million tons, cooking oil surplus of around 352 thousand tons, and beef surplus of around 58 thousand tons for the January–April period this year. With these figures, the ministry is…
Gov’t Told to Issue Guideline on Waste Management Investment
JAKARTA, 8 March – The Indonesian government should issue an investment guideline on waste management, according to a startup founder. The lack of a guideline has become one of the challenges that businesses in the sector face when trying to invest in districts and municipalities. …
Indonesia tech firm GoTo to cut 600 more jobs – statement
JAKARTA, 10 March – Indonesia’s biggest tech firm PT Goto Gojek Tokopedia (GOTO.JK) announced on Friday another round of layoffs aimed at streamlining the organisation and boosting the company’s profitability. About 600 roles will be affected, the company said in a statement, following 1,300 jobs…
Kadin partners with local universities to improve vocational education
JAKARTA – The Indonesian Chamber of Commerce and Industry (Kadin) is cooperating with more than a dozen local universities to help close the gap between employers’ demands and graduates’ skills by expanding vocational education. The universities participating in the program include Prasetiya Mulya University, Pelita…
Indonesia to provide incentives to boost EV sales, attract investment
JAKARTA – Indonesia will provide incentives to boost sales of electric vehicles (EVs) starting March 20, as part of efforts to accelerate adoption and attract investment from companies like Tesla, senior cabinet minister Luhut Pandjaitan said on Monday. The incentive programme will cover sales of…
Trade ministry committed to removing trade barriers for exporters
JAKARTA – Indonesia’s Trade Minister Zulkifli Hasan has expressed his commitment to supporting business actors, especially exporters, with policies to help Indonesian products enter the global markets and remove any trade barrier. “One of our tasks at the ministry is to support Indonesian exporters. Therefore,…
ASEAN’s Natural Gas Demand to More Than Double in 2050
JAKARTA – ASEAN will more than double its natural gas demand to 350 billion cubic meters (bcm) by 2050 as the region shifts away from coal-fired power generation, according to the Gas Exporting Countries Forum or GECF. “Natural gas demand in ASEAN is expected to…
Mulyani meets OECD secretary-general on sidelines of G20 agenda
JAKARTA – Minister of Finance Sri Mulyani conducted a bilateral meeting with the Organisation for Economic Co-operation and Development (OECD) Secretary-General Mathias Cormann on the sidelines of a G20 agenda in India. This bilateral meeting was held to discuss several priority agendas of Indonesia and…