by Teuvo Tuomi | Feb 15, 2024 | Economy, Environment, Indonesia, Travel
The Bali administration has begun imposing a 150,000-rupiah (9.60 USD) tax on arriving tourists to preserve the culture and environment, officials say. Tourist-dependent Bali attracts millions of foreign visitors annually, and the beach-dotted island is trying to...
by Teuvo Tuomi | Feb 3, 2024 | Indonesia, Environment, News
Indonesian rubber producers fear that the European Union’s Deforestation Regulation [EUDR] will put pressure on an already ailing industry by hindering exports to EU countries and beyond. According to Statistics Indonesia (BPS), Southeast Asia’s largest economy...
by Teuvo Tuomi | Jan 25, 2024 | Economy, Environment, Indonesia, News
Indonesia needs to almost triple its sugar production from the current amount by 2030 if it wants to achieve self-sufficiency, including feeding its bioethanol ambition. To realize this, Indonesia would need to reach sugar production of 9.7 million tonnes by 2030,...
by Teuvo Tuomi | Jan 5, 2024 | Business, Economy, Indonesia, News
Despite some good news, Indonesia’s economy still took a hit from weaker global demand last year, leading to almost 300,000 workers being laid off in export-oriented industries. The Manpower Ministry recorded that almost 300,000 people were laid off from January to...
by Teuvo Tuomi | Dec 19, 2023 | Indonesia, Business, Economy
The Indonesian Chamber of Commerce and Industry (Kadin) encourages the government to attract more skilled expatriates to work in the country while not neglecting the local workforce. Tigor M. Siahaan, Kadin’s department head of monetary policy and financial services,...
