Newsletter
Newsletter
As a uniquely global business country at the heart of Asia, Indonesia plays host to a wide variety of business.
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Indonesia is Optimistic that Investment will Strengthen The Economy amid COVID-19 uncertainties
Jakarta, 22nd July 2020 – Indonesia Investment Coordinating Board (BKPM) announce the investment realization data for the second quarter (April – June) 2020 that reach IDR 191.9 trillion and cumulative investment realization data for first semester (January – June) 2020 reached IDR 402.6 trillion. Chairman of BKPM, Bahlil Lahadalia stated
Rupiah to strengthen further as foreign investors return: BI
Bank Indonesia (BI) expects the rupiah to continue strengthening — even after the currency meets pre-COVID-19 levels — as foreign investors return in expectation of a global economic recovery. The rupiah rebounded by almost 15 percent since the end of March to reach 13,877 per US dollar on Friday, Bloomberg
Indonesia’s Pertamina teams with South Korea’s DH Global on oil refinery upgrade
Indonesian state-owned oil and gas company Pertamina has signed a memorandum of understanding (MoU) with construction firm PT Nindya Karya and DH Global Holdings of South Korea to co-operate on a US$1.5 billion refinery upgrade development in Dumai, a city located in Indonesia’s Riau province, according to published reports. The
LG to relocate 2 domestic TV production lines to Indonesia
LG Electronics Inc. said Wednesday it will relocate two of its TV production lines in South Korea to Indonesia in a move to boost its global production efficiency amid the novel coronavirus pandemic. LG said two of the six production lines at its TV plant in Gumi, some 260 kilometers
Indonesia’s BKPM Issues Guidelines on Electronic Business Licensing
Indonesia’s Investment Coordinating Board (Badan Koordinasi Penamanan Modal – BKPM) issued Regulation 1 of 2020 (BKPM Reg 1/2020) on April 1, 2020, which provides the guidelines for the implementation of its integrated electronic business licensing service, the Online Single Submission (OSS). BKPM Reg 1/2020 serves to implement Government Regulation No.24 of 2018, which mandates the BKPM
Investment Realization in the First Quarter of 2020 Strengthen by 8,0% to Rp 210.7 Trillion
Jakarta, 20th April 2020 – Indonesia Investment Coordinating Board (BKPM) announces the first quarter (January-March) of investment realization data in 2020 reached Rp 210.7 trillion or equivalent to 8.0% increase compared to the same period in 2019, Rp 195.1 trillion. This significant value was triggered by Domestic Direct Investment (DDI)
