INDONESIA’S parliament on Wednesday told the government to tax a wider range of plastic products than it had proposed, but held off on the administration’s plans to levy sweet drinks and polluting vehicles. The government had at first proposed to impose excise taxes on plastic bags, sweetened beverages and vehicles that emit carbon dioxide, to […]
Read MoreIndonesia’s central bank may be ready to cut interest rates again after a three-month pause as policy makers look to head off the impact of the coronavirus on Southeast Asia’s biggest economy. Bank Indonesia will probably lower its benchmark rate by 25 basis points to 4.75 percent Thursday, according to 19 of the 31 economists surveyed by Bloomberg. […]
Read MoreCoordinating Economic Minister Airlangga Hartarto has said that foreign investment rules – namely the priority investment list – may be issued by the government before the sweeping omnibus bills on job creation and taxation pass into law. Airlangga said the priority list would allow certain business sectors to get fiscal incentives such as tax holidays and super […]
Read MoreIndonesia recorded a US$864 million trade deficit in January on the back of plummeting oil and gas exports, Statistics Indonesia (BPS) announced on Monday. The country recorded a total of $13.41 billion in exports in January, a 3.71 percent decrease year-on-year (yoy), while total imports fell 4.78 percent yoy to $14.28 billion. Indonesia’s oil and gas exports experienced the largest decline, falling 34.7 percent yoy […]
Read MoreThe government hopes to boost the country’s “doing business” ranking to 53rd place on the World Bank’s list this year in a bid to attract more investment into the country. The country expects to reach 60th place at the lowest this year and achieve 40th place within the next three to four years, Investment Coordinating Board (BKPM) head Bahlil […]
Read MoreBeing a partner country of Hannover Messe 2020, Indonesia will feature more than 170 exhibitors, which will demonstrate their industrial capability during the annual trade fair to be held in the German city on April 20-24. Indonesian Ambassador to Germany Arif Havas Oegroseno said the country’s industrial players, which had been selected by an interdepartmental […]
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