ECONOMY
Businesses fear impact of the Israeli-Palestinian war on Indonesian economy
The Indonesian Employers Association (Apindo) said the Israeli and Palestinian war could have a negative impact on the Indonesian economy and business scene. The most immediate one would be the spike in energy prices.
Jokowi launches Indonesia’s Carbon Exchange in a bid to reduce carbon emissions
President Joko “Jokowi” Widodo launched the Indonesian Carbon Exchange at the Indonesian Stock Exchange (IDX), Jakarta, Tuesday (26/9).
Govt bans direct transactions via social media
The official decision was announced by Trade Minister Zulkifli “Zulhas” Hasan after a limited cabinet meeting with President Joko “Jokowi” Widodo at the Presidential Palace, Jakarta, Monday (25/9).
Oil and Gas Magnates Praise Indonesia, What’s Happening
Global oil and gas industry players praised the cooperation with Indonesia that has existed for decades in oil and gas projects in the country.
Gov’t Allows Foreign Nationals to Own Property in Indonesia to Spur National Economy
The government allows foreign citizens to own property in Indonesia. The requirements are easy, only by using a passport and visa.
West Java on the radar of Middle East renewable energy investors
West Java province has become an attractive renewable energy investment destination in the eyes of a number of investors from many countries, especially the Middle East. Projects such as geothermal, solar panels and micro-hydro are the province's biggest potential because it has a fairly large market share.
Indonesia, Malaysia, EU form task force to oversee exports of timber products
Indonesia, together with Malaysia and the European Union (EU) formed an ad hoc Joint Task Force (JTF) regarding European Union Deforestation Regulations (EUDR).
Indonesia ropes in 33 countries to protest discriminatory EUDR
Trade Ministry (Kemendag) invited 33 countries to protest against the European Union Deforestation Regulation (EUDR) because the rule is considered discriminatory and detrimental to the palm oil industry in various countries, including Indonesia.
Officially acquired by Pertamina and Petronas, Masela Block can potentially create 10,000 jobs
PT Pertamina (Persero) and Petronas officially acquired the ownership of Shell Upstream Overseas Service Limited (SUOS) in the Masela Block, Maluku.
Palm oil export discrimination, Asean lodges protest with the EU
Asean foreign ministers protested European Union’s (EU) decision in enacting the EU Deforestation Regulation (EUDR) which seeks to restrict palm oil exports from Asean to Europe. Indonesia is one of the most-impacted countries.
Starting next year, foreign tourists must pay Rp150,000 to enter Bali
Jakarta, IO - The Provincial Government of Bali will soon implement a policy of collecting Bali entry fees for foreign tourists effective next year. Bali governor Wayan Koster said the entrance fee will be...
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