• Indonesia Misses Out on Billions Because of Troubled Investment Climate

    The Indonesian government said it will take a number of steps to tackle several classic problems that obstruct investment realization in the country. Based on internal research, the government counted a total of 190 cases where investors' investment commitment failed to be realized between 2010 and 2017. This led to an estimated IDR 351.2 trillion (approx. USD $26.2 billion) in missed domestic direct investment and USD $54.6 billion in missed foreign direct investment.

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  • Kelola Mina Laut Group Prepares IPO on the Indonesia Stock Exchange

    Seafood company Kelola Mina Laut Group (KML Group), which is primarily engaged in the processing and marketing of fish products, is set to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2018. Mohammad Nadjikh, President Director of the KML Group, said the IPO will most likely be held in the first half of 2018. The company is eager to collect new funds for further business expansion.

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  • Liquid E-Cigarette Industry Indonesia Subject to 57% Excise Tax

    Across the world the use of the electronic cigarette (e-cigarette), a habit that is often called vaping, has risen significantly since the introduction of the modern e-cigarette in 2003 (in China). Also in Indonesia more and more people are seen using the e-cigarette, a device that tries to create the sensation of tobacco smoking.

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