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EU Sets Tariff Up to 18% on Indonesian Biodiesel Imports

JAKARTA (TheInsiderStories) - The European Commission imposed countervailing duties at between 8 percent to 18 percent on imports of subsidized biodiesel from Indonesia on...

Indonesia Expanding Tax Incentives for Investors

JAKARTA (TheInsiderStories) - Indonesian government give more stimulus for investors by issued a new incentives through Government Regulation Number 78 of 2019 concerning income...

Indonesia, Thailand, Malaysia Cuts Production 800,000 MT

JAKARTA (TheInsiderStories) - Representatives from member countries of the International Tripartite Rubber Council (ITRC) of Thailand, Indonesia and Malaysia agreed to cut natural rubber production up...

Indonesia to Build 3,000 Km Toll Roads Until 2024

JAKARTA (TheInsiderStories) - Indonesian government targeting to build 3,000 kilometers (km) new toll road across the archipelago, said the head of state in Jakarta. To reach...

Indrawati Sees Indonesia’s Economic Growth 5.05% in 3Q of 2019

JAKARTA (TheInsiderStories) - Tomorrow, Statistic Indonesia will release the economic growth of the third quarter (3Q) of 2019. Finance minister Sri Mulyani Indrawati projected the...

Indonesian President Asks the Economic Ministers Create Breakthrough Programs

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo urged his economic ministers to create breakthrough programs in order to reduce the trade balance and current account deficit (CAD)....

US’s General Motors Exit from Indonesian Market in March 2020

JAKARTA (TheInsiderStories) - United States (US) car producer, General Motors (GM) announced its plans to exit from Indonesian market by the end of March 2020,...

ADB’s US$500M Loan to Support Fiscal, Public Expenditure in Indonesia

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$500 million policy-based loan to support Indonesia’ fiscal, public expenditure management reforms, and...

Indonesian President Appoints 12 Vice Ministers

JAKARTA (TheInsiderStories) - After appointed the ministers name on Wednesday, Indonesian President Joko Widodo announced 12 vice ministers in his "Indonesia Maju" cabinet today (10/25)....

Governments Worldwide Launched 294 Reforms in 2018 to Make Doing Business...

JAKARTA (TheInsiderStories) — Governments of 115 economies around the world launched 294 reforms over the past year to make doing business easier for their domestic...

Indonesian Govt Plans to Sell US Dollar, Euro Bonds

JAKARTA (TheInsiderStories) - Indonesian government planned to release dual-currency bonds in US Dollar and Euro based on Moody's Investors Service latest report released today (10/23)....

Breaking News: Widodo’s Cabinet Combines Young and Experienced Person

JAKARTA (TheInsiderStories) - Indonesian "Indonesia Maju" cabinet under President Joko Widodo and Vice President Ma'ruf Amin combine young and experienced peoples. 34 ministers will fill...

ADB Disburses US$100M Loans for Indonesia

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$100 million financial intermediary loan to Indonesia, to help catalyze private sector investments in...

Indonesia Officially Become Human Rights Council Members

JAKARTA (TheInsiderStories) - Indonesia has officially become the member of Human Rights Council (HRC) of United Nation (UN), said the minister today (10/18). The memberships...

WEF: Indonesian Competitiveness Index Dropps to 50

JAKARTA (TheInsiderStories) - World Economic Forum (WEF) announced Indonesian competitiveness index dropped to 50 compared to other countries in the world from previously in the rank...

Indonesia, Singapore Agrees to Completes Investment Treaty Ratification

JAKARTA (TheInsiderStories) - A number of agreements were reached during the Annual Leaders Meeting between Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien...

Wolrd Bank: Indonesia Needs Strong Institutional Reform To Benefit of Urbanization

JAKARTA (TheInsiderStories) - Indonesia, the world’s fourth most populous country, stands as a country transformed by urbanization. It can be the next big thing...

Indonesian Manufactures Index Not Improves in Third Quarter

JAKARTA (TheInsiderStories) - The average Purchasing Manufacturing Index (PMI) of Indonesia in third quarter (3Q) of 2019 not indicated an improvement, IHS Markit reported yesterday (10/02). The...

ADB Revises Indonesia’s Economic Outlook 5.1% in This Year, 5.2% in...

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) revises its economic outlook for Indonesia, with growth to slightly moderate at 5.1 percent this year from a...

Indonesia Import Sugar, Rice from India to Cut Trade Deficit

JAKARTA (TheInsiderStories) - Indonesia has decided to import sugar and rice from India, as a move to cut the trade deficit between the two...

Nakeo Resigns from Asian Development Bank

JAKARTA (TheInsiderStories) - Takehiko Nakao announced his resignation as the President of Asian Development Bank, effective Jan. 16, 2020, the agency announced today (09/17). He assumed...

Indonesia to Intensify Economic Cooperation with India, New Zealand

JAKARTA (TheInsiderStories) - Indonesia will intensify economic cooperation with India and New Zealand as Southeast Asia's largest economy enters the Asian market. Indonesia asks...

Indonesia, India’s Target US$50B Trade by 2025 On Track

JAKARTA (TheInsiderStories) - Indonesia and India reaffirmed their commitment to achieving the target trade value to reach US$50 billion in 2025, from $20 billion...

Indonesia Eyes 73.6M Foreign Tourists in 2045

JAKARTA (TheInsiderStories) - The government is targeting Indonesia as a leading Asian and World tourism destination by 2045 with a total of 73.6 million...

EU Imposes up to 18% Duties on Indonesian Biodiesel

JAKARTA (TheInsiderStories) - The European Commission (EC) has imposed temporary duties ranging from 8 to 18 percent on imports of subsidized biodiesel from Indonesia,...

Indonesia, Philippines EEZ Boundary Enters Into Force

JAKARTA (TheInsiderStories) - An agreement delineating the boundary between the overlapping exclusive economic zones (EEZs) of Indonesia and Philippines officially entered into force following the exchange...

Indonesia Rank Fourth Investment Destination by Score 84.4

JAKARTA (TheInsiderStories) - Indonesia ranked fourth investment destination countries in 2019 with an investment score and doing business of 84.4, CEOWORLD reported this week....

Indonesia Needs US$4.4T to Reach Climate Change Targets

JAKARTA (TheInsiderStories) - Indonesia needs greater funding to reach climate change targets in the future. As a nationally determined contribution (NDC) target, Indonesia needs...

Indonesia Sees Economic Growth at 5.2% in 2H

JAKARTA (TheInsiderStories) - Amid the widening deficit in the first half (1H) of 2019, Indonesia' government remain optimistic and predicted economic growth in the...

Indonesia’s Budget Deficit Reached 0.84% of GDP in 1H

JAKARTA (TheInsiderStories) - Indonesia' finance ministry Sry Mulyani Indrawati on Tuesday (07/16) reported a deficit of the state budget in the first half (1H)...