Krakatau Steel Secures Monthly Sales Agreements of Up to 38,500 Tons
PT Krakatau Baja Industri (PT KBI), a subsidiary of PT Krakatau Steel (Persero) Tbk, signed a Long Term Supply Agreement (LTSA) with 23 companies
Category 'Economy'
Economy
Economy
KAI Reports 803,626 Train Tickets Sold for Christmas and New Year Holidays
State-owned railway company PT Kereta Api Indonesia (KAI) has sold 803,626 tickets for medium- and long-distance trains ahead of the Christmas and New Year holiday season, this year.
Economy
12% VAT Policy to Be Law-Compliant and Selective: President Prabowo
President Prabowo Subianto emphasized that the implementation of the 12% Value Added Tax (VAT), effective from 2025, will strictly adhere to existing laws while being selectively applied. Learn more!
Economy
Garuda Indonesia to Add 15-20 Aircraft in 2025
PT Garuda Indonesia (Persero) plans to expand its fleet by 15-20 aircraft in 2025, CEO Wamildan Tsani Panjaitan announced in a press conference on Friday (6/12/2024). Learn more!
Economy
President Prabowo Seeks Japanese Collaboration for Jakarta’s Giant Sea Wall
President Prabowo Subianto has invited Japanese companies to collaborate on the construction of a massive sea wall along Jakarta’s northern coast, aiming to protect the city from rising sea levels. Read more!
Economy
President Prabowo Subianto Orders Review of Multi-Tier VAT System
President Prabowo Subianto has called for a review of the planned 12% Value-Added Tax, exploring a multi-tier system in response to public concerns ahead of its 1 January 2025 implementation. Read more!
Economy
Minister Erick Confirms Reduced Airfare for Holiday Season
Minister of State-Owned Enterprises Erick Thohir announced a 10% reduction in airfares for the Christmas 2024 and New Year 2025 holiday period. Read more!
Economy
Online Gambling Threatens Savings and Financial Stability: Bank Indonesia
The Central Bank, Bank Indonesia, has raised concerns about the economic and financial risks posed by online gambling, highlighting its impact on household savings, economic growth, and financial stability. Read more!
Economy
Indonesia to Halt Rice Imports in 2025: President Prabowo
President Prabowo Subianto announced that Indonesia will cease rice imports in 2025, supported by nearly 2 million tons of reserves in Bulog warehouses. Learn more!
Economy
Indonesia to Join Global Economic Blocs to Boost National Economy
President Prabowo Subianto has confirmed Indonesia’s plan to join major global economic blocs, including BRICS and the OECD, to advance national economic interests. Learn more!
Economy
Government Ensures Stable Food Supplies, Prices for Year-End Festivities
Coordinating Minister for Food Affairs Zulkifli Hasan confirmed on Monday (2/12/2024) that food supplies and prices in Indonesia are secure as the year-end holiday season approaches. Read more!
Economy
Kadin Urges Businesses to Prevent Layoffs After Minimum Wage Increase
The Indonesian Chamber of Commerce and Industry has urged employers to avoid layoffs following the government’s decision to raise the provincial minimum wage by 6.5% for 2025. Learn more!
