Category: Business

Indonesia produces 3 percent of drugs, imports 97 percent: Minister

Jakarta (ANTARA) – Health Minister Budi Gunadi Sadikin pointed to a mere three percent of the medicines being produced domestically in Indonesia, while the remaining 97 percent were imported. “For medicines, only three percent are produced domestically. We still import 97 percent (of them), since out of the 1,809 drug

EU eyes trade, investment cooperation with S Sumatra

Jakarta (ANTARA) – A European Union (EU) delegation paid a virtual visit to Indonesia’s South Sumatra province on Tuesday to explore trade and investment as part of a series of activities organized to bolster an economic partnership agreement. “The meeting today is very appropriate as in the next few weeks

Indonesia to become main global player in shrimp market: Minister

Jakarta (ANTARA) – Indonesia can emerge as the key player in the global shrimp market with the government’s support to boost exports and production, Marine Affairs and Fisheries Minister Sakti Wahyu Trenggono stated. “The ministry has fully supported the programs to increase national shrimp exports,” Trenggono noted in a statement

Ministry clarifies VAT imposition solely on premium basic necessities

Jakarta (ANTARA) – The government will solely impose value-added tax (VAT) on premium basic necessities through amendment to Law No. 6 of 1983 on general provisions and taxation procedures (RUU KUP), according to the Finance Ministry. “Of course, not all basic necessities (will be subject to VAT). For instance, basic

Govt distributes 3.2 mln tons of subsidized fertilizers to farmers

Jakarta (ANTARA) – The Indonesian government has distributed 3.274 million tons, or 36.22 percent of this year’s target of 9.041 million tons, of subsidized fertilizers to farmers across Indonesia as of June 9, 2021. The distribution of subsidized liquid organic fertilizers has so far reached 2.220 tons, or 0.15 percent of