This Week's Headlines (10 - 16 Dec 2022)
16 Dec 2022
Indonesia to offer $5,000 subsidy on electric car sales
Indonesia's government plans to offer a subsidy of more than $5,000 on every sale of an
It will also offer incentives to encourage purchases of electric motorbikes as well as hybrid
The incentives will offer to buyers of EVs produced by firms with factories in Indonesia, he said
A subsidy of around 80 million rupiah ($5,131) will be offered on every sale of an electric car,
The government will also cover 5 million rupiah of the cost to convert a combustion engine
He did not provide a timeline for when the scheme will be implemented nor the total budget it
Senior Minister Luhut Pandjaitan said previously that the program may start next year.
Indonesia has a target of at least 1.2 million electric bikes and 35,000 electric vehicles in use
Bali sex ban: Indonesia tourists won't be charged under law
Tourists visiting Indonesia will not be charged under a new law which will criminalize sex
Dubbed the "Bali bonking ban", the new legislation threatens up to a year in jail for unmarried
But the governor of Bali, a holiday hotspot, said authorities would not check the marital status
The law is set to take effect in three years but could face legal challenges.
The new legislation is part of a raft of changes to the criminal code, which come after a rise in
Although the ban on extra-marital sex has grabbed most attention abroad, many inside
The UN says the new laws could erode human rights in the country, but Indonesian officials
Businesses are concerned that the changes will hit Indonesia's tourism industry by making the
In 2019, more than 16 million people visited Indonesia.
While the law would technically apply to locals and foreigners, officials have tried to play down
"Bali is Bali as usual, which is comfortable and safe to be visited," said Bali Governor Wayan
Visitors will not be required to prove their marital status when checking into accommodation,
Indonesia's deputy justice minister promised foreigners would not be prosecuted.
"I want to emphasize for foreign tourists, please come to Indonesia because you will not be
The government also points out that according to the new criminal code, extra-marital sex and
Amid continuing surplus, RI trade performance cools
Indonesia’s trade performance was not quite as brisk as expected in November, with an
Meanwhile, imports fell 1.89 percent yoy to $18.96 billion, marking the first decline this year.
Since its peak performance in June, export growth has fallen some 41 percent yoy as
Import growth, meanwhile, has been steadily declining since August amid a fuel price hike that
“We hope that [a reduction in capital goods imports] did not happen in Indonesia,” BPS deputy
Indonesia maintained its trade surplus for a 31st consecutive month in November, exporting
The largest losses in exports occurred in the oil and gas sector, which fell by 15.23 percent yoy
Although manufacturing exports continued their growth with a 2.57 percent yoy increase, it was
Shipments from the mining sector, meanwhile, grew by 22.21 percent yoy, although coal and
The overall export slowdown was largely a result of weak CPO, coal and automotive parts
“There is a policy to increase domestic coal production in India,” Muhammad noted.
Imports of consumption goods fell by 16.20 percent yoy amid lower demand for beef and
Capital goods imports, on the other hand, increased by 7.30 percent yoy on rising demand for
“There is nothing that should be worrisome, because the major slowdown is in consumption,”
Trade Ministry policy agency head Kasan Muhri said on Thursday that there had already been
Struggles in foreign economies, he said, would inevitably lead to a smaller global appetite for
He noted that Indonesia was less exposed to world trade than the rest of Southeast Asia,
He said the government would pivot to non-traditional export markets to manage risks,
“When there is huge [economic] turmoil in foreign countries, the same huge impact will only be
Indonesia Employers Association (Apindo) manufacturing industry head Johnny Darmawan
He advocated for diversification to value-added goods, which would mean more support for
“The important thing is that we stay consistent [on policies],” Johnny said.
World Bank Indonesia and Timor-Leste lead economist Habib Rab said on Thursday that the
Normalization in commodity prices was also a factor, he said, particularly in CPO prices, which
World Bank data shows that CPO prices declined by 29.46 percent yoy to $945.7 per ton in
“With global demand projected to slow next year, manufacturing and other non-commodity
Source: The Jakarta Post