The government will press ahead with collecting digital tax despite a recent announcement by the United States Trade Representatives (USTR) to investigate such a policy, which the US said was aimed squarely at its technology giants. Finance Minister Sri Mulyani Indrawati said Tuesday the government was only requiring internet companies to pay value-added tax (VAT) […]
Read MoreThe government has again increased its planned spending on Indonesia’s battle against the COVID-19 pandemic amid plunging tax revenue and a widening state budget deficit. It is now setting aside Rp 695.2 trillion (US$49.63 billion) in funds for healthcare and economic stimulus spending to cushion the impact of the outbreak. This is the latest increase […]
Read MoreRetailers and shopping centers should run an extensive public relation (PR) campaign regarding their property’s health and safety standards to lure consumers that are still reluctant to visit retail stores amid the COVID-19 pandemic, a survey shows. According to a study conducted by Nielsen Indonesia, 84 percent of regular shopping center visitors said they would opt […]
Read MoreIndonesia’s economy is expected to contract sharply in the second quarter this year as trade data show that both exports and imports nosedived in May amid a coronavirus-induced global economic slowdown. Economists have warned that falling imports in all goods categories point to lower demand and weaker manufacturing activities as well as investment, which will have a […]
Read MoreThe government has teamed up with e-commerce platform Lazada Indonesia to advance its partnerships with digital platforms to meet its target of pushing 2 million small and medium enterprises (SMEs) to go digital this year. The Cooperatives and SME Ministry and Lazada Indonesia launched on Monday a training program to help SMEs with digital marketing […]
Read MoreIndonesia’s foreign debt growth accelerated in April, driven mainly by the government’s issuance of sovereign debt papers (SBN) and global bonds to cover for the widening budget deficit to fund its COVID-19 fight, Bank Indonesia (BI) announced on Monday. The external debt of Southeast Asia’s biggest economy, which includes borrowing by the government and the […]
Read More
Thailand
