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Indonesia Reduces Industry Sectors Closed to Foreign Investment from Over a Hundred to Five
Indonesia's Minister of Investment and Downstreaming, among others, stated that investment is key to economic growth, and the government prioritizes increasing high-quality investment flows. President Prabowo targets 8% economic growth. Currently, Indonesia's economic growth i...
Latest Official Fee Standards for Indonesian Visas and Stay Permits
Indonesia has officially implemented the updated Non-Tax State Revenue (PNBP) regulation, revising fees for immigration services such as visa applications, stay permits, and passport issuance. The taxes for Category C and D business visas have generally increased by IDR 1 mill...
China-Indonesia Two Countries Twin Parks Service Center Launched at Guangzhou Baiyun Airport
On December 12, the Indonesia Investment Service Center and the China-Indonesia Two Countries Twin Parks Baiyun Airport Advisory Station were unveiled at Terminal 2 of Guangzhou Baiyun International Airport. This is also the first "Belt and Road" national advisory station at B...
Indonesia's Core Tax System to Be Implemented Next Year
Indonesia's core tax administration system will officially launch in January 2025. According to the Director General of Taxes at the Ministry of Finance, the system is expected to gradually increase the tax rate from approximately 10% to 12% over the next five years, aiming to...
List of Items Exempted from Import Duties or VAT in Indonesia Starting Next Year
The Minister of Finance has exempted certain imported goods from import duties and/or Value Added Tax (VAT). These items include aircraft spare parts, scientific and technical books, coffins or other packages containing corpses or ashes. This policy is regulated in Article 219...
Indonesia Plans to Block IMEI Numbers of iPhone 16
Indonesian consumers may need to be more patient when waiting for Apple's latest iPhone 16 smartphone, as not only has the phone not been approved for sale, but there is also the threat of IMEI blocking. The Ministry of Industry is preparing to prevent the iPhone 16 from being...
China and Indonesia Sign Seven Cooperation Agreements
President Prabowo, together with the Chinese national leadership, witnessed the signing of seven cooperation agreements between Indonesia and China. According to the Presidential Secretariat, the signing ceremony for the cooperation agreements was held in a room at the Great H...
Indonesia to Ban Export of Copper and Tin Raw Materials Starting Next Year
To strengthen downstream industry development, the Ministry of Industry (Kemenperin) continues to enhance downstream optimization and improve the competitiveness of the national copper and tin industry. Furthermore, the copper and tin industries play an important role in suppo...
Indonesia to Establish a National Investment Holding Agency Following Singapore’s Model
Indonesia’s new President Prabowo will establish a national investment holding company similar to Singapore’s Temasek, aiming to consolidate dispersed investments and leverage them. This institution, named Daya Anagata Nusantara Investment Management Agency, will be led by Mul...
Prabowo's Cabinet List Officially Announced
On Sunday evening (October 20, 2024), President Prabowo and Vice President Gibran announced the composition of the cabinet for the 2024-2029 term at the Jakarta Presidential Palace.The Prabowo cabinet consists of 109 ministers, deputy ministers (wamen), heads of agencies, and ...
Prabowo Inaugurated as Indonesian President: Ushering in a New Era
On October 20, a historic moment will be witnessed as Indonesia undergoes a presidential transition. From 2014 to 2024, the long-serving leader Joko Widodo will step down after 10 years in office, and Prabowo Subianto will succeed him as the new president for the 2024-2029 ter...
Indonesian Ministry of Industry Imposes Mandatory Standard Certification on 16 Products
The Minister of Industry has issued a new regulation mandating the implementation of Indonesian National Standards (SNI) for 16 industrial products, aiming to provide quality assurance to the public. The regulation, included in the Minister of Industry Regulation (Permenperin)...