First Phase of Mass Rapid Transit System Opened in Jakarta

Apr 1, 2019

Indonesia’s president Joko Widodo inaugurated the first phase of Jakarta Mass Rapid Transit (MRT) on April 24,2019. The project was funded by the Japan International Corporation Agency, while the construction itself was done by two consortia of local and Japanese...

Indonesia Halts Implementation of E-Commerce Tax

Apr 1, 2019

Sri Mulyani Indrawati, Indonesia’s finance minister, has announced that Indonesia is halting the implementation of PMK 210/2018, a regulation which governs the taxation of eCommerce. It was first announced in January this year and was supposed to be implemented on 1...

Indonesia Seeks USD 7.7 Billion Investment for Three Economic Zones

Apr 1, 2019

On April 1, 2019, the Indonesian President launched three special economic zones (SEZs) in East Kalimantan, North Sulawesi and North Maluku. Investors in the SEZs will benefit from easier land and employment rules and import duty exemptions for materials involved in...

British Energy Firm BP Enters Indonesia’s Avtur Market

Mar 1, 2019

PT AKR Corporindo, Indonesia’s logistics and supply chain company operating in fuel and basic chemical distribution, has entered a joint venture with British Energy Firm BP to be a new player in Indonesia’s avtur or jet fuel market. This step was taken to curb the...

Construction of New Jakarta Airport to Start in 2021

Mar 1, 2019

The state-owned airport operator, PT Angkasa Pura II, plans to build a new greenfield airport in Jakarta starting 2021. It is estimated that Indonesia would invest as much as USD 7 billion dollars for the project. The move is motivated by the unprecedented travel boom...