HANOI — More than 85,350 firms were established in the first eight months of this year with total registered capital of VND822 trillion (US$36 billion), statistics of the Business Registration Department under the Ministry of Planning and Investment showed. These figures represented a rise of 16.3 per cent in the number of new firms and an […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani said that the government will demand FreeportIndonesia to pay higher taxes compared to the previous contract. The issue is one of four points in the contract extension negotiation with the mining company. “We will announce the details later,” she said yesterday. The government has called on Freeport to follow the prevailing […]
Read MoreThailand is one of the ICT infrastructure development leaders among emerging countries in Asia-Pacific, but its telecom firms and government agencies must embrace the challenges brought about by the development of the digital economy. Tasks facing Thailand include proactive policy-making and regulation, digital ecosystem development and practical solutions to boost return of investment. Similar to […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia Governor Agus Martowardojo estimates that Indonesia`s balance of payments (NPI) in 2017 stands at around seven billion US dollars. The former finance minister explained that the figure is lower compared to last year’s surplus of 12 billion US dollars. A 12 billion US dollars surplus in 2016 was possible thanks to the […]
Read MoreTEMPO.CO, Jakarta – The electric car industry in Indonesia has not developed as it is mainly hampered by the high tax rate. According to I Gusti Putu Suryawirawan, Director General of metal industry, engineering, transportation, and electronics at the Industry Ministry, most electric vehicles are designed to be powered by four wheels. Indonesia charges taxes for four-wheel […]
Read MoreMajor structural overhauls have to be carried out so the country can maximise its potential for growth. Myanmar’s economy is projected by the World Bank to grow by an average of 7 percent between 2017 and 2019. Last year, GDP rose by 6.5pc. That’s among the fastest growing economies in Asia, alongside the likes of […]
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