ON BUSINESS

#POLITICS

Employers Accuse W. Java Governor of Overstepping Authority with Latest Wage Adjustment

Ridwan has issued a decree for employers to give an extra wage rise to workers with an employment period of one year or longer.

05 January 2023 | 10:51 PM

#ECONOMY

Indonesia Reports Much Smaller Deficit in 2022 Budget

The deficit amounts to Rp 464.3 trillion ($29.7 billion), representing a significant decline from the minus Rp 775.1 trillion in 2021.

03 January 2023 | 05:49 PM

#ECONOMY

IK-CEPA Paves Way for Indonesian Exports to S. Korea

The IK-CEPA eliminates 11,267 or 95.5 percent of the South Korean tariff posts.

03 January 2023 | 02:29 PM

#ECONOMY

Erick Thohir Vows to Clean Up Mess at State Companies

Erick said the government is determined to clean SOEs' reputation as a "safe haven for corruption".

02 January 2023 | 07:28 PM

#ECONOMY

Indonesian Capital Market Ends 2022 on High Note: OJK

IDX Composite climbed 4 percent in 2022 compared to the previous year.

02 January 2023 | 12:08 PM

#CORPORATE NEWS

Garuda CEO Wants “Unfair Share Suspension” Lifted Soon

The IDX suspended the trading of Garuda’s shares in June 2021 after the company missed its coupon payment on its global sukuk.

28 December 2022 | 10:43 AM

#ECONOMY

Indonesia Sets $7.6b Fishery Export Target for 2023

The country’s fishery and marine export from Jan. to Nov. 2022 amounted to $5.71 billion.

27 December 2022 | 05:36 PM

#TRAVEL

Saudi Arabia Seeks to Invest in Puncak's Cable Car: Minister

BPTJ’s estimates show that building the cable car system alone would require almost Rp 1 trillion.

27 December 2022 | 11:53 AM

#COMMODITY

Coal Price Predicted to Stay Above $400 until January

Coal and mineral resources contributed Rp 124 trillion ($8 billion) in tax and export duties to the state revenue in 2021.

25 December 2022 | 10:25 PM

#ECONOMY

Tax Revenue Exceeds 2022 Target: Finance Minister

The overall tax revenue has reached Rp 1,634.4 trillion ($104.8 billion) as of December 14, equivalent to 106 percent of the target.

25 December 2022 | 03:44 AM