Govt, 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 […]
Read MoreIndonesian foreign debt climbs, long-term debt dominates MONDAY, 20 JUNE 2016 – Indonesia’s foreign debt has climbed by 6.3 percent year-on-year (yoy) in April 2016 to US$319 billion, as public-sector debt soared, while private debt declined. Most of the increase came from long-term obligations. Bank Indonesia (BI) reported that long-term external debt grew by 8.3 […]
Read MoreBI expects consumer prices to rise 0.6% this month FRIDAY, 17 JUNE 2016 – Bank Indonesia (BI) forecast monthly inflation of 0.6 percent in June on the back of increasing prices of basic commodities during Ramadhan. BI’s inflation assessment division head Rizki E. Wimanda said inflation was driven by rising prices of staple food, especially […]
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