JAKARTA: Indonesia’s export tax rates for copper, iron, zinc and lead concentrates are being increased as the government tries to push miners to process metals at home rather than export raw minerals. The rates for copper concentrate will rise to a range of 5% to 10%, according to a new regulation. The tax is part […]
Read MoreJAKARTA: Indonesia recorded a surprisingly large trade surplus of US$3.46bil (RM15.7bil) in June, as imports plunged more than expected and exports also remained weak, official data show, adding to the case for possible rate cuts before the end of the year. A Reuters poll of economists had expected a surplus of US$1.35bil (RM6.1bil) last month. […]
Read MoreJAKARTA: Indonesian Finance Minister Sri Mulyani Indrawati says she is optimistic about the 5% economic growth target set for this year despite the darkening global outlook, especially from China. “We are optimistic for 2023 because we see the figures in the first half,” Indrawati said on Sunday in an interview with Bloomberg Television’s Haslinda Amin […]
Read MoreJAKARTA: Indonesian officials are investigating whether there have been illegal nickel ore shipments to China, more than three years after Jakarta banned exports of the commodity, its mining minister said on Friday (Jul 7). Indonesia, the world’s biggest nickel ore producer, had stopped exports of the material since the beginning of 2020 to reserve raw […]
Read MoreJAKARTA: Inflation dropped more than expected last month, maintaining a trend that began in March, yet experts do not expect Bank Indonesia (BI) to cut its benchmark interest rates this year, as imported inflation remains a risk. Statistics Indonesia (BPS) revealed on Monday that annual consumer price index (CPI) growth stood at 3.52% in June, […]
Read MoreJAKARTA – Travellers visiting Indonesia from Singapore can by the end of the year use their smartphones to make QR code payments from their Nets-linked bank accounts, said a Bank Indonesia (BI) official. Conversely, businesses and individuals from Indonesia will be able to scan QR codes provided by e-payments service provider Nets in Singapore. Work on establishing […]
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Thailand
