New Agreement to Boost Indonesian Exports to South Korea Exports to South Korea to support strategic relations with Indonesia Indonesia and South Korea are forging a more robust economic partnership to commemorate their five decades of diplomatic ties. The Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA) comes into force as of January 2023. It will mutually…
Indonesia Maintains Smaller Deficit in Its 2022 Budget With a GDP deficit of 2.38% (Rp 464.3 trillion or $29.7 billion), Indonesia successfully maintains a smaller deficit in its 2022 budget. This marks a remarkable drop of 40.1% compared to the country’s budget a year earlier. Back in 2020, during the COVID-19 pandemic, Indonesia’s deficit was…
Indonesia Reaches New Heights With Its Trade Surplus Recording a staggering surplus of US$5.16 billion last November, Indonesia has reached 31 consecutive months of trade surplus. With the value of exports exceeding the imports, Indonesia’s trade surplus has grown since May 2020. There is a stark difference in balance that has exceeded expectations. The exports…
Subsidy for EV Buyers to Be Given by the Government The Indonesian Government is taking massive steps to encourage its citizens to purchase electric vehicles (EVs). According to the Industry Minister, buyers will receive a subsidy to purchase EVs, such as electric motorbikes and hybrid cars from locally-made factories. Indonesia plans to allocate subsidies for…
3E Accounting Group Extends Foothold to Penang and Indonesia Singapore company incorporation giant 3E Accounting has extended its reach yet again. This time opening offices in Penang and Indonesia. As the innovative leader in all things related to company incorporation, 3E Accounting understands how important it is for clients to stay one step ahead. If…
Empowering Women to Achieve Sustainable Business Development Gender equality key driver of sustainable business development Indonesia’s Ministry of Women’s Empowerment and Child Protection is encouraging the business world to embrace gender equality. The Ministry firmly believes that only by empowering and including women can Indonesia attain sustainable business development. According to the Ministry, the country’s…
Indonesian Enterprises in Showcase of Success State-owned Indonesian Enterprises steal the limelight at G20 Forum. The Republic of Indonesia is riding high as Indonesian enterprises continue to drive a robust economy. The country was able to showcase the outstanding achievements of state-owned enterprises at the recent G20 Forum in Bali. Indonesia’s economic improvement continues due…
APEC’s Sustainable Recovery Strategy with Women’s Empowerment Women’s empowerment remains a key focus of economic recovery The APEC Women and The Economy Forum continues to focus on women’s empowerment. The Forum aims to maintain the drive for gender equality toward better and sustainable economic recovery. The way forward is by ensuring viable and equal growth…
Promoting Indonesia’s Downstream Mineral Sector Export structure and incentives to encourage Indonesia’s downstream mineral sector Indonesia’s Ministry of Investment is encouraging businesses to rapidly set up downstream mineral operations. The Ministry is currently structuring its export segment and adding to its investment incentives. This is part of the Government’s strategy to sustain and boost its…
Dear Valued Customers, Welcome to the September Newsletter 2022 Welcome to our September newsletter! It’s been a busy time across our offices around Singapore, Malaysia, and Hong Kong. We also have a major announcement coming from our Indonesia office which we are very excited to share. Singapore Ranks As the Top Shipping Hub for…
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.