Category: Business

The Indonesia government has already increased the excise tariff for e-cigarette with a minimum increase of 17.5% starting January 1, 2022. The official increase in excise rates was marked by the issuance of Minister of Finance Regulation (PMK) Number 193/PMK.010 of 2021 concerning Excise Tariffs for Tobacco Products in the Form of E – Cigarettes and Other Tobacco Processing Products. The rules were set on December 17, 2021 by the Minister of Finance Sri Mulyani Indrawati and promulgated on December 20, 2021.

Last Saturday we went to Situ Gunung tourism park, Sukabumi Regency, West Java, where the longest suspension bridge in Indonesia is located. Started out 5AM, we took four hours to arrive. Leaving Situ Gunung 2PM, even worse, six hours to arrive in Jakarta. Distance? 111 KM only! 

Agate International is a video game development company that was founded on April 1, 2009 by 18 people in Bandung, West Java province when they made a game for Microsoft’s Dream Build Play competition. 

The gaming industry has become a potential industry and has even become one of the world’s official sports known as e-sport. We wrote about the growth potential for the gaming industry two years ago (http://yosefardi.com/2019/04/a-gaming-potential ). By far, Indonesia is the largest game market in Southeast Asia and is ranked 16th in the world. People’s spending on games reached US$2 billion per year.

The Toll Road Authority (BPJT) at ministry of public works and housing is ready to offer eight new toll road projects to investors, including foreign investments. BPJT recorded Rp9.9 trillion of foreign direct investment (FDI) in toll roads last year, and expected to double to Rp20 trillion this year.