Halal Certification: The Key for International Companies to Enter the Indonesian Market
Under President Joko Widodo’s leadership, Indonesia has set an ambitious strategy to become the global center of the halal industry and a fashion capital of the world. This goal is expected to be achieved in the near future, thanks to the government’s intensive efforts to strengthen international cooperation and improve the halal certification system
Indonesia’s Inclusion in The Tokyo MoU Whitelist Helps Boost Maritime Tourism Potential
Every country that is on the Tokyo MoU Whitelist receives global recognition for its compliance with the rules and conventions of the International Maritime Organization (IMO), covering safety, security, and operational aspects of maritime activities. These countries are also deemed competitive on the global stage
Financial and Tax Obligations for Foreign Construction Companies in Indonesia
Indonesia’s construction industry is a promising arena for foreign investors, offering substantial growth opportunities amidst the country’s expanding infrastructure needs. However, tapping into this market requires a thorough understanding of Indonesia’s regulatory framework, which governs foreign investment in the sector…
Navigating Foreign Investment in Indonesia’s Construction Sector
Indonesia’s construction industry is a promising arena for foreign investors, offering substantial growth opportunities amidst the country’s expanding infrastructure needs. However, tapping into this market requires a thorough understanding of Indonesia’s regulatory framework, which governs foreign investment in the sector…
The Indonesian Government Accelerates Economic Development Through New Special Economic Zones
In its effort to boost economic growth and achieve the “2045 Golden Indonesia Vision,” the Indonesian government plans to establish four new Special Economic Zones (SEZs). These new zones will be located in Batam in the Riau Islands, South Tangerang in Banten, and Morowali in Central Sulawesi. Each SEZ will focus on different sectors…
Indonesia’s Plan to Reevaluate Bauxite Export Ban
The Indonesian House of Representatives (DPR RI) has proposed lifting the bauxite export ban enforced in June 2023. This proposal is supported by ongoing evaluations from the Ministry of Energy and Mineral Resources (MEMR), which is currently assessing the feasibility of reinstating bauxite exports. The original intent behind the ban was to stimulate domestic processing of bauxite into alumin
Indonesian Nickel Surplus Affects Global Market, Australian BHP’s Pause in Nickel Operations Signals Continued Price Decline
The global nickel ore market has struggled with severe oversupply issues, significantly impacting nickel prices and related industries. Indonesian government has introduced several policies to boost domestic nickel mining and smelting, leading to rapid increases in production. However, this rapid growth has resulted in an oversupply in the market, causing a declin
Indonesia Intensifies Fight Against Illegal Mining: Upgraded SIMBARA System Bolsters Tin and Nickel Oversight
In a significant move to curb illegal transactions involving tin and nickel, the Indonesian Government has introduced the latest development of the Ministry and Agency Mineral and Coal Information System (Sistem Informasi Mineral dan Batu Bara antara Kementerian dan Lembaga – “SIMBARA”). This updated system now includes oversight for tin and nickel commodities
Indonesian Government Forms Task Force to Monitor Illegal Imports and Imposes Protective Tariffs
On July 16, 2024, Indonesian media reported that the government will form a special task force to monitor illegal imports. This task force will consist of 19 ministries and agencies, including the Attorney General’s office and the police, overseeing the import of clothing, electronics, ceramics, shoes, and lamps…
New Regulations for Foreign Investment in Indonesia’s Medical and Pharmaceutical Industry
In 2021, the Indonesian government, alongside foreign investments in the medical sector, maximized the development of the health industry to promote the expansion of health insurance. The Health Law issued in 2023 replaced mandatory health expenditures with a performance-based budgeting system guided by market demand. This law also introduced…
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