(The Insider Stories) – Indonesia has eased restrictions on some agricultural imports after the U.S. complained to the WTO, cutting the number of horticulture products restricted for import to 39, including removing restrictions on garlic and onions that have recently driven food price inflation in Indonesia as scarcity pushed prices higher, according to a wire Read more
(The Insider Stories) – Indonesia’s government is considering revising minimum wage rules to better accomodate the needs of entrepreneurs and employees, Industry Minister M.S. Hidayat says. The government has decided to revise the increase in the minimum wage from 40% to only 20% for labour-intensive companies and small-to-medium enterprises, after threeway discussions between the Labour Read more
(Insider Stories) — A joint committee mining industry committee has been formed in order to demand clarity from the government on its plan to ban raw mineral exports from next year and mandate ore be refined locally as chaos continues in the mining industry, The Jakarta Globe reports. It quotes Indonesia Coal Mining Association chairman Bob Kamandanu Read more
(Insider Stories) - Indonesia will be releasing regulations of the Low Cost Green Car (LCGC) in the next two weeks, industry minister MS Hidayat said on Friday. LCGC producers will enjoy zero percent value added tax, according to the minister. Currently, the government charges 10 percent VAT for goods produced in Indonesia. PT Toyota Astra Read more
June 13, 2012 (Press Release) - New consumer finance rules in Indonesia that cap the maximum loan-to-value on auto loans and mortgages are likely to improve underwriting quality and slow lending growth, says Fitch Ratings. The impact will be felt mainly on non-bank finance companies, which are more active than banks in higher-risk lending. The Read more
ADVERTISMENT
