Manufacturing, Service Sectors Need Expanding, World Banks Says TUESDAY, 21 JUNE 2016 – The World Bank urges Indonesia to expand the national manufacturing and service sectors. Indonesia’s role in the manufacturing sector has been relatively stagnant in the last 15 years with an average in growth rate of just 0.6 percent. Read More?
Read MorePefindo: Value of Indonesia’s Debt Paper to Reach IDR 90 trillion in 2016 TUESDAY, 21 JUNE 2016 – Indonesian credit rating agency Pefindo (Pemeringkat Efek Indonesia) says the value of issued debt paper in Indonesia may reach IDR 90 trillion (approx. USD $6.8 billion), up 34 percent from the IDR 67 trillion worth of debt paper that […]
Read MoreGovt, House set this year’s budget deficit at 2.35% GDP MONDAY, 20 JUNE 2016 – The government and the House of Representatives have set the budget deficit at 2.35 percent of gross domestic product (GDP) in the revised 2016 state budget, lower than the government’s initial prediction of 2.48 percent GDP in the draft budget. House […]
Read MorePolice to assist tax officers in collecting money MONDAY, 20 JUNE 2016 – The Finance Ministry’s taxation directorate general wants to strengthen cooperation with the National Police on issues ranging from tax collection to crime investigation. “The police will help tax investigators, starting from the collection of taxes to the investigation of crimes,” taxation directorate […]
Read MoreDifficult to slash Indonesia’s benchmark interest rate: World Bank MONDAY, 20 JUNE 2016 – Despite the recent moderate inflation in Indonesia, cutting the benchmark interest rate is not an easy task due to banking market structure, geographical constraint and low financial inclusion, according to The World Bank. World Bank lead economist Ndiame Diop said the […]
Read MoreIndonesia to allow establishment of local shell companies MONDAY, 20 JUNE 2016 – The high numbers of Indonesian businesspeople setting up shell companies in tax-haven countries has led the government to allow the creation of such corporations in Indonesia. Finance Minister Bambang Brodjonegoro said the government would arrange one special region in the country that […]
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