With the world racing to fight the COVID-19 pandemic, Indonesia may miss an opportunity to increase its role in the global value chain of the pharmaceutical industry because of regulatory issues, a think tank has said. According to the Center for Indonesian Policy Studies (CIPS) highlighted, the lack of government enforcement on the mandatory local […]
Read MoreThe government on Wednesday issued a new regulation for its flagship incentivized training program to close loopholes in the previous regulation that prompted public criticism of systemic irregularities and conflicts of interest. The newly issued Presidential Regulation (Perpres) No. 76/2020 on the preemployment card allows the program management to demand that ineligible participants return the financial assistance (incentives) in full within 60 days. The management […]
Read MoreSmall and medium enterprises (SMEs) stand to benefit from digital tools to manage their finances and operations, as well as make strategic business decisions as the pandemic accelerates the use of technology, experts have said. Adhitya Satriadi, the managing director of TMP Accounting, said on Thursday that there were plenty of digital tools in the […]
Read MoreJapanese companies operating in Indonesia will stick to their future investment plans, despite declines in sales and production due to the ongoing health crisis, a survey conducted by the Japan External Trade Organization (JETRO) has shown. The JETRO survey, which illustrates the impact the pandemic has had on more than 350 Japan-based companies operating in […]
Read MoreThe government has guaranteed working capital loans worth Rp 100 trillion (US$6.92 billion) for micro, small and medium enterprises (MSMEs) following the launch of a loan guarantee program to help small businesses survive the pandemic. Under the guarantee program, the government has paid out Rp 5 trillion worth of credit insurance premiums to state-owned credit […]
Read MoreINDONESIA imposed a 10 per cent value-added tax on sales by technology firms including Amazon, Netflix, Spotify and Google on Tuesday, as spending patterns shift with increased remote working as a result of the coronavirus crisis, which has hit state finances. The South-east Asian country’s tax office said in a statement that it had already […]
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Thailand
