Policy Information

China-India Dual Park Service Center opens at Guangzhou Baiyun Airport

December 12, Indonesia Investment Service Center and China and India dual-park Baiyun Airport consulting station in Guangzhou Baiyun International Airport T2 unveiled and opened, which is also the first "Belt and Road" countries Baiyun International Airport consulting station, will be for the China-India economic...

Indonesia's core tax system to begin next year

Indonesia's core tax management system will be officially operational by January 2025. According to the Director General of Taxation of the Ministry of Finance, the implementation of the system is expected to raise the tax rate from about 10% to 12% in the next five years, which is expected to drive better economic growth. The current tax ...

List of items exempted from import duty or VAT in Indonesia from next year

The Minister of Finance exempts certain imported goods from import duties and/or value added tax (VAT), which include aircraft spare parts, scientific and technical books, caskets or other parcels containing corpses or ashes. The Minister of Finance Regulations (PMK) 2024 No....

Indonesia plans to block Apple 16's IMEI number

It seems that Indonesian consumers will need to be more patient waiting for Apple's latest iPhone 16 smartphone, which is not only not authorized for sale, but there is also the threat of blocking the IMEI. The Ministry of Industry is preparing to block the iPhone 16 from going on the...

China and India sign seven cooperation agreements

President Prabowo, together with Chinese state leaders, witnessed the signing of seven cooperation agreements between Indonesia and China. Quoting the Presidential Secretariat, the ceremony of signing the cooperation agreements was held on Saturday (November 9, 2024) at the Great Hall of the People in a...

Indonesia to ban exports of copper and tin raw materials from next year

In order to strengthen downstream industry development, the Ministry of Industry (Kemenperin) continues to enhance downstream optimization and improve the competitiveness of the country's copper and tin industry. In addition, the copper and tin sectors are supporting downstream automotive, electronics, electrical equipment and renewable energy...

Indonesia Follows Singapore's Lead in Establishing National Investment Holding Agency

Indonesia's new President Prabowo will set up a national investment holding company similar to Singapore's Temasek to consolidate and leverage decentralized investments. The agency, called Daya Anagatanusan Dara Investment Management Agency (Daya...

Gov. Prabowo's cabinet list officially released

The composition of the Cabinet for the period 2024-2029 was announced by President Prabowo and Vice President Gibran at the Presidential Palace in Jakarta on Sunday (October 20, 2024) evening. Prabowo's cabinet consists of 109 ministers, deputy ministers (wamen)...

Prabowo inaugurated as Indonesia's president: ushering in a new era

October 20, will be the moment to witness history, Indonesia ushered in the presidential change, from 2014 to 2024, 10 years in office, the veteran leader Joko is stepping down, Prabowo will succeed the new president from 2024-2029, this presidential inauguration has...

Indonesia's Ministry of Industry introduced mandatory standard certification for 16 products

The Minister of Industry (Permenperin) has issued a new regulation on the implementation of mandatory Indonesian National Standards (SNI) for 16 industrial products, aiming to provide quality assurance to the public. The regulation included in the Minister of Industrial Regulation (Permenperin) program regulates the...
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