The rise in the import tax on goods, especially consumer goods, is momentum for companies to reclaim the domestic market from the import invasion.
The government is hoisting tax on thousands of consumer goods imports to cut the current account deficit and strengthen the rupiah, but entrepreneurs are worried about side effects.
The government expects Ma to boost e-commerce growth and encourage the export of micro, small and medium-sized enterprises by utilizing the Alibaba network.
Private contractors who did not land government infrastructure projects are experiencing misfortune. Total Bangun and Totalindo’s financial performances have declined, forcing them to revise targets.
Go-Jek is collaborating with three fintech firms, while Grab is preparing Rp 3 trillion to develop start-ups. The competition of these two online transportation giants is widening in Indonesia.
Government policy to tighten imports of hundreds of commodities is threatening the businesses of Ace Hardware and Mitra Adiperkasa. The cost of procuring goods and cost of goods sold will increase.
Investment in pharmaceuticals and textiles has grown above double digits since last year, with the potential to continue. Players are targeting the domestic and export markets.
Uncertainty over government policies related to the domestic market obligation have caused fluctuating share prices of several coal companies.