Indonesia’s 6.5% Minimum Wage Increase: An Investment Risk?
The Indonesian minimum wage increase in 2025 will see a 6.5% rise, a move designed to improve workers’ welfare nationwide. While this adjustment is expected to boost purchasing power, the government assures it will not disrupt the investment climate. According to the Minister of Investment and Head of the Investment Coordinating Board (BKPM), Rosan
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Christmas and New Year Holidays, KAI Prepares 44.7 Million Tickets
PT Kereta Api Indonesia Group has allocated 44,754,280 train tickets to accommodate the surge in passengers expected during the Christmas and New Year holiday season, which runs from December 19, 2024, to January 5, 2025. The initiative aims to ensure passengers experience safe, smooth, and comfortable travel during this busy period. “The KAI Group has
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ICA-CEPA Finally Signed, Opening Market Access in North America
Antara News is reporting that after more than two years of negotiations, Indonesia and Canada have signed a Joint Statement on the Settlement of the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA CEPA) which will expand market access for Indonesian products in North America. The signing was carried out by Indonesian Minister of Trade Budi Santoso and Canadian
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Indonesia, China Strengthen Economic Cooperation
According to reporting from Asia News Network, Indonesia and China are seeing solid progress in their bilateral economic cooperation, with the ties helping bolster expectations that Southeast Asia’s largest economy will become a trading hub for the region, an expo forum heard in Jakarta on Thursday (28/11/24) at the 8th China Homelife Trade Show, which
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