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RI seeks trade pact with Mexico to avert planned tariffs
Economy 2 months ago

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RI seeks trade pact with Mexico to avert planned tariffs

Trade Minister Budi Santoso says he is working to secure a bilateral trade agreement to exempt Indonesia from Mexico's planned tariffs. The move follows reports that Mexico intends to impose duties of up to 50 percent on imports from several Asian countries, including Indonesia, starting in 2026.
RI maintains trade surplus despite oil, coal export slump
Economy 2 months ago

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RI maintains trade surplus despite oil, coal export slump

Exports slipped to US$24.24 billion in October, down 2.31 percent year-on-year (yoy), weighed heavily by a steep 33.6 percent plunge in oil and gas shipments. 
Vivo secures Pertamina fuel deal as Shell talks hang in the balance
Companies 2 months ago

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Vivo secures Pertamina fuel deal as Shell talks hang in the balance

Vivo procured 100,000 barrels of imported RON-92 base fuel through a business-to-business (B2B) agreement with Pertamina’s commercial arm, PT Pertamina Patra Niaga.
Manufacturing exports drive trade surplus as coal price remains low
Economy 3 months ago

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Manufacturing exports drive trade surplus as coal price remains low

Strong shipments of processed goods and higher-value exports helped maintain Indonesia’s trade surplus in September, while global energy prices, including coal prices, weakened.
BP-AKR clinches Pertamina fuel deal as Shell still stuck at the table
Companies 3 months ago

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BP-AKR clinches Pertamina fuel deal as Shell still stuck at the table

BP-AKR stated that all governance and compliance aspects had been fully met, including aligning on the “commercial terms” that had been a sticking point for other industry players.
Taiwan flags Indonesian snack imports over banned preservative
Economy 3 months ago

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Taiwan flags Indonesian snack imports over banned preservative

Indonesia’s food export industry has faced a series of contamination cases in recent months, spanning various commodities from shrimp to spices.
Mixed marks for govt navigating year of turbulent trade
Economy 3 months ago

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Mixed marks for govt navigating year of turbulent trade

The administration of President Prabowo Subianto has secured multiple trade agreements in its maiden year, partly thanks to the global pressure of an increasingly protectionist United States, but in bilateral talks with the US itself, Indonesia gave much and got little.
Rising costs may hamper fuel negotiations
Regulations 4 months ago

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Rising costs may hamper fuel negotiations

Private fuel retailers have rejected a new import policy, triggering supply shortages and tough negotiations with the government.
Rethinking value-added taxes for developing economies
Academia 4 months ago

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Rethinking value-added taxes for developing economies

In resource-rich developing countries, value-added tax (VAT) has not delivered the expected benefits, failing to make up for lost tariff revenues and leaving governments with significant fiscal shortfalls.
Fuel retailers reject Pertamina's offers amid stock crunch
Companies 4 months ago

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Fuel retailers reject Pertamina's offers amid stock crunch

Major private fuel retailers face supply shortages after rejecting an offer to purchase base fuel from state-owned energy giant Pertamina over its ethanol content.
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