The Indonesian Government on Thursday (20/6) announced that it would lower price ceilings of domestic airfares of low-cost carrier for certain flight routes. The policy is set to take effect next week. The Government’s decision was made following periodic evaluation on reduction in airfare price ceilings as set out in Regulation of Minister of Transportation […]

President Joko “Jokowi” Widodo aimed to complete the issuance of land certificates by 2025 and instructed the National Land Agency (BPN) to accelerate the issuance process. “Next year, I expect 5 million (land certificates) can be issued. For the following years, I expect 7 million, 9 million, 12 million (can be issued) respectively. So, God […]

The Government, through Ministry of Energy and Mineral Resources, has dismissed rumors that there has been electricity price hike recently. “The Government has no plans to increase electricity tariff to date. Even the non-subsidized customers’ tariff has remained the same since 2017,” Head of the Ministry’s Communication, Public Information Services and Cooperation Bureau Agung Pribadi […]

Considering that Presidential Decree Number 64 of 1999 on Indonesia’s Membership in International Organizations and Contribution of the Government of the Republic of Indonesia to International Organizations are no longer consistent with development of laws and needs of the public, the Government has deemed it necessary to revise the Decree. Based on this consideration, President […]

President Joko “Jokowi” Widodo, accompanied by First Lady Ibu Iriana Joko Widodo, on Thursday (20/6) paid a working visit to East Java. The President and his entourage departed at 07.45 Western Indonesian Time from Halim Perdanakusuma Air Force Base Jakarta to Juanda International Airport, Sidoarjo, East Java, using the Indonesian-1 Presidential Aircraft. The Presidential Secretariat’s […]

Ahead of the ASEAN Summit in Bangkok, Thailand on 22-23 June, President Joko ‘Jokowi’ Widodo has announced intention to invite all ASEAN countries to unite in anticipation of the US and China trade war to maintain economic stability in the region. “It is very important to unite ASEAN countries,” President Jokowi said on his remarks […]

In a bid to attract more investment and increase Indonesia’s export value, the Government has announced plan to immediately provide massive tax cuts in several business sectors. Minister of Finance Sri Mulyani Indrawati on Wednesday (19/6) said that President Joko “Jokowi” Widodo has instructed Ministry of Finance to provide more tax incentives for several investment […]

Minister of Home Affairs Tjahjo Kumolo instructed Regional Governments to boost their Regional Budget (APBD) absorption due to the high amount of unused funds (SiLPA) on each province. “The average SiLPA of all provinces is almost Rp20 trillion,” Tjahjo said in Jakarta, Wednesday (19/6).

In a bid to boost the growth of property business, the Indonesian Government deemed it necessary to change the provisions on the limit of luxury residential values subject to luxury goods tax (PPnBM). Minister of Finance Sri Mulyani Indrawati on 10 June 2019 has signed Regulation of Minister of Finance Number 86/PMK.010/2019 on Amendment to […]

Indonesia’s state-owned oil and gas company PT Pertamina and Saudi Arabian largest oil company Saudi Aramco have agreed to extend cooperation to revitalize the Cilacap Refinery. “Pertamina and Saudi Aramco have agreed to continue the cooperation in preparing the development of the Cilacap Refinery,” Minister of Energy and Mineral Resources Ignasius Jonan said after a […]