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Indonesia Reviews the Financial System Reform to Overcome the Pandemic

JAKARTA (TheInsiderStories) -  Indonesia is preparing a government regulation in lieu of law on financial system reform to accommodate a deeper crisis situation due to...

Widodo: Make Pandemic as a Momentum for National Awakening

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo invites the whole the nation to make the pandemic as an opportunity and momentum for a national awakening...

Powell: US’s Economy is Still Far from the Recovery

JAKARTA (TheInsiderStories) - Chairman of Federal Reserves (Fed), Jerome Powell, dashed some market optimism by providing a bleak picture of the economy and providing impetus...

Rupiah Rises Sharply but Chinese Renminbi Weakens Harshly

JAKARTA (TheInsiderStories) - The rapid capital inflow into Indonesia made the Rupiah stronger below 14,000 against the US Dollar. While the Renminbi was under pressure due...

Indonesia Regulates Government Investment During COVID-19 Pandemic

JAKARTA (TheInsiderStories) - Finance ministry of Indonesia finally ratified the derivative rules of Government Regulation Number 63 of 2019 by issued the ministerial decree Number 53 of...

Indonesia Imposes New Import Tariff for Textile Products

JAKARTA (TheInsiderStories) - To protect local producers from a surge imports of fabric, yarn, and curtains, Indonesian government has imposed new tariffs since May until November 2022,...

Indonesia to Collect VAT from Digital Product and Service Sales

JAKARTA (TheInsiderStories) - Indonesian government will put a 10 percent of value added tax (VAT) on digital products and services sales starting July 1, the tax...

Foreign E-commerce Players Must Have Office in Indonesia

JAKARTA (TheInsiderStories) - Foreign e-commerce players is now required to have a representative office in Indonesia, said the trade ministry in a new decree...

The “Controversial” Mining Law Passes by Indonesia’s Parliament

JAKARTA (TheInsiderStories) - Amid rejection from various organizations and parties, Indonesia' parliament passes the revision of mining law at the plenary meeting today (05/12). The revision...

US’s Economy Shrank to 4.8% in First Quarter of 2020

JAKARTA (TheInsiderStories) - United States (US) economy shrank 4.8 percent in the first quarter of 2020, the first contraction since 2014, said the secretary of commerce...

Indonesia Prepares Stimulus for Automotive Industry

JAKARTA (TheInsiderStories) - The ministry of industry has prepared economic stimulus for automotive industry to press COVID-19 impact in Indonesia. This policy was made to maintain...

Indonesian Government Temporarily Bans the Arrival of Foreigners

JAKARTA (TheInsiderStories) - Indonesian government decided to temporarily stop the arrivals of foreigner to the country to limits the COVID-19 spread. This was conveyed by minister...

Indonesia’s President Prepares Large-Scale Social Restrictions Rule

JAKARTA (TheInsiderStories) - President Joko Widodo President Joko Widodo ready to carry out large-scale of social distancing to face the spread of COVID-19 and...

Indonesia to Releases Territorial Quarantine Regulation

JAKARTA (TheInsiderStories) - Indonesian government will soon issue a government regulation on territorial quarantine which will restrict the movement of people, limit the crowd, and limit...

More Stimulus to Drives Indonesia’s Economy

JAKARTA (TheInsiderStories) - President Joko Widodo has signed a presidential decree number 4 of 2020 concerning Refocusing Activities, Budget Reallocation and Procurement of Goods and Services...

Indonesia’s President: No Lockdown Policy

JAKARTA (TheInsiderStories) - President Joko Widodo asserted the government will not adhere the lockdown policy to overcome the coronavirus outbreak in Indonesia. He also averted...

Indonesia Provides Stimulus to Support Financial Market

JAKARTA (TheInsiderStories) - Financial Service Agency (FSA), Bank Indonesia (BI) and finance ministry will synergize various policies to provide stimulus and maintain public confidence in Indonesia'...

Indonesian Govt Halt Nickel Ore Export for Temporarily

JAKARTA (TheInsiderStories) - Indonesia' energy and mineral resources ministry halt nickel ore export for temporally starting today to evaluate the nickel mining contract, said the...

Indonesia’s President Allows Senior Minister to Abort Minister’ Policy

JAKARTA (TheInsiderStories) - Indonesia' minister of state secretary, Pratikno, said that the palace had prepared a Presidential Regulation concerning the Authority and Veto Rights...

Breaking News: President Considers to Drops CEC Law

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo considered to drop the revision of Corruption Eradication Commission (CEC) Law after meet national figures at the Merdeka...

Insight: Energy Mix to Avoid Hazards for the Environment

JAKARTA (TheInsiderStories) – Indonesia' dependence on crude oil use is still very high. But unfortunately, the country' oil reserves are currently only 3.15 billion...

Indonesia Simplifies Car Export Procedures

JAKARTA (TheInsiderStories) - As an effort to boost export, Indonesian government simplifies completely built-up (CBU) vehicles export regulation. There are some easing for exporters in...

Indonesia will Launch Halal Products Regulation on October

JAKARTA (TheInsiderStories) - The government will launch new regulation concerning on Halal Products and its expected can be effectively put into effect on Oct. 17,...

Indonesia’s Fin Min: If Needed Government Can Change Policies

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati give a signal a possibility to change government policy if the global economic conditions are more difficult to...

Breaking News: Indonesian President Hold Limited Meeting on Market Turbulences

JAKARTA (TheInsiderStories) - Indonesian President hold a limited meeting today (14/08) to evaluate the progress of government policies to strengthening the domestic economy. The Rupiah and...