TEMPO.CO, Jakarta – The Indonesian Industry Ministry has claimed that Indonesia currently maintains a relatively low number of non-tariff trade barriers (NTBs) and non-tariff measures (NTMs) compared to many other nations. “Data shows that Indonesia currently has approximately 370 NTBs and NTMs in place. [This is significantly fewer than] China with over 2,800 such policies, … Read more
eputy Industry Minister Faisol Riza has announced that Garuda Indonesia is set to order up to 100 aircraft this year from major manufacturers like Airbus and Boeing, referring to a statement made by President Prabowo Subianto during the launch of the country’s second sovereign wealth fund (SWF). “The President mentioned this during the launch of … Read more
ndonesian carmakers are expecting a minimal impact from the planned value-added tax (VAT) increase to 12 percent which is set to take effect in January 2025, thanks to fiscal incentives designed to offset the burden. The Indonesian Automotive Manufacturers Association (Gaikindo) said the incentives would help alleviate concerns from businesses and industry players about the … Read more