social dynamics

The government plans to increase the types of goods on which excise duty is levied, ranging from packaged sugary drinks (MBDK) and plastics to ready-to-eat foods. Excise duty on MBDK and plastics was planned since 2019, but discussions were delayed due to the pandemic. The aim ...

Minister of Maritime Affairs and Investment Coordination (Marves) Luhut said that the Batang Integrated Industrial Zone (KITB) or Greater Batang City will become a Special Economic Zone (KEK). The 4,300-hectare KITB will continue to expand and be built in four phases. The current construction of KITB is only...

On July 26, Indonesia's Trade Minister led a special task force to rectify illegal imports, seized a warehouse located in Jakarta's North District, in which the value of products suspected of being illegally imported amounted to 40 billion rupiah, which is equivalent to about 20 million...

The Ministry of Industry (Kemenperin) has noted that seven ceramic tile companies have closed down or gone bankrupt due to the impact of rising gas prices and the massive import of ceramic goods from China. The chairman of the Ministry of Industry's working group for the development of the ceramic and glass industry said...

The Ministry of Trade's special staff in charge of international trade agreements has said that a task force to eliminate illegal imports will soon be set up and that the final draft regulating the work of the task force has been finalized and is awaiting the signature of the Minister of Trade. He h...

The Authority of the New National Capital (OIKN) has secured 421 (LoI) Letters of Intent for investment, the Deputy Representative for Financing and Investment of OIKN said, adding that the number of LoIs also includes pioneer investors who have expressed serious consideration for investing in IKN. Including pioneer investors, by the time...

A reporter asked a question about recent media reports that Indonesia will impose high tariffs on imports from China. Minister Luhut, who leads Indonesia's cooperation with China, has made a public clarification, saying that China is Indonesia's most important trade and...

The Minister of Manpower (Menaker) expressed her appreciation for Huawei's compliance with applicable regulations over the past 24 years of doing business in Indonesia, a message she conveyed during her recent meeting with Huawei's President of Global Government Affairs in Shenzhen, China. This performance can be seen in Huawei's corporate...

Director General of Plantation Products Processing and Marketing, Directorate General of Plantation, Ministry of Agriculture (Kementan) revealed that Indonesia's stock of large red chili peppers is at a critical low level, a situation that is expected to last until September 2024. He said this month Indonesia's stock of large red chili is at a critical...

The Director General of the Fiscal Policy Bureau of the Ministry of Finance has said that the government is still discussing the imposition of higher import tariffs on various products from China. Asked about the discussion on imposing 200% import duties on Chinese products, he said it was still under discussion with the relevant ministries, i...