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Indonesia’s DAMRI to Spend US$150M for Electric Cars

JAKARTA (TheInsiderStories) - Indonesia' oldest car company, Djawatan Angkoetan Motor Repoeblik Indonesian, or well-known as DAMRI prepared funds around US$150 million to replace 500 diesel buses...

Indonesia Gives Incentives for Airlines to Lowering Ticket Price

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo immediately set a fiscal incentives for airlines to lowering the domestic airfare tariff. The fiscal incentives were...

Korean Automotive Company Invests US$2.83B in Indonesia

JAKARTA (TheInsiderStories) - The Korean automotive company, Hyundai Motor Company (HMC) will realize an investment in Indonesia around US$2.83 billion (Rp40 trillion). It was...

Indonesia to Expands Incentives for SEZ to Improve Trade Balance

JAKARTA (TheInsiderStories) - Indonesian government will bring forth a policy to address the trade and current account balance, said the official on Tuesday (05/28)....

Eight Companies with a US$11B Investment Granted Tax Holiday from Indonesia

JAKARTA (TheInsiderStories) - Indonesian government granted tax holiday  to eight companies with valued Rp161.3 trillion (US$11.12 billion) investment, said one senior official on Thursday (18/10)....

Government to Create New Fiscal Incentives to Attract Investors

JAKARTA (TheInsiderStories) — The Indonesian government is considering ways to offer novel fiscal incentives to investors, as those provided earlier appear to have failed to...