Micro, small and medium enterprises (MSMEs) can now obtain tax identification numbers (NPWP) through state-owned banks, as the Taxation Directorate General seeks to simplify procedures to boost the government’s disbursement of COVID-19 aid. Tax Office chief Suryo Utomo said that some MSMEs did not yet possess NPWPs, which, before the change in policy, would have […]
Read MoreIndonesia needs to reconsider the benefits it gets from being part of the Asean Economic Community, the head of the country’s investment board said on Wednesday, after data showed foreign direct investment fell for a second straight quarter. Southeast Asia’s largest economy attracted 97.6 trillion rupiah (US$6.7 billion) of FDI in April-June, excluding investment in banking […]
Read MoreThe government is mulling over a plan to introduce a grant, or “productive social assistance”, to help hard-hit micro, small and medium enterprises (MSMEs) amid the pandemic slowdown, according to a minister. “We hope it can help micro enterprises,” Cooperatives and Small and Medium Enterprises (SMEs) Minister Teten Masduki said in a virtual discussion on […]
Read MoreIndonesia recorded a further decline in foreign direct investment (FDI) realization in the second quarter this year, as the COVID-19 pandemic batters both the national and global economy. The Investment Coordinating Board (BKPM) announced on Wednesday that FDI fell 6.9 percent year-on-year (yoy) to Rp 97.6 trillion (US$6.67 billion) in the April-June period, continuing the […]
Read MoreIndonesia’s exports of horticultural products such as fruit, vegetables and spices to Japan remain uncompetitive because of high prices, officials have said. Japanese food products importer Nanyang Trading Co.’s president Katsunari Kasugai on Tuesday said that Indonesian frozen horticultural product prices were 40 percent higher than those from neighboring countries like Thailand and Vietnam, because […]
Read MoreInstant messaging platform WhatsApp has released a new feature to allow business accounts to display their product catalogs through a hyperlink as the company embarks on a training program for small and medium enterprises. Facebook Indonesia public policy manager Karissa Sjawaldy said that business owners usually showcased their products on other platforms such as Instagram, […]
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Thailand
