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Indonesia grapples with inflation dilemma as subsidies cut

JAKARTA: What’s good for Indonesia’s fiscal chiefs is proving a headache for the central bank. President Joko Widodo’s push to phase out electricity subsidies that have drained the budget of billions of dollars is boosting prices in the economy and threatening the bank’s 3% to 5% inflation target. For reform-minded Widodo, getting rid of the […]

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Google agrees future tax payments with Indonesia

JAKARTA — Alphabet Inc’s Google Asia Pacific headquarters has agreed on future tax payments with the Indonesian government, the country’s communications minister said on Wednesday. Finance Minister Sri Mulyani Indrawati had said on Tuesday that Indonesia had reached a tax deal with Google for 2016, following a months-long dispute over allegations that the search giant had not […]

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Indonesia reaches tax deal with Google for 2016

JAKARTA (REUTERS) – Indonesia has reached a settlement with Alphabet’s Google for 2016 in their dispute over taxes, the country’s finance minister said on Tuesday (June 13). “We already have an agreement with them based on 2016. But we can’t disclose the figure, that is a secret,” Indonesia Finance Minister Sri Mulyani Indrawati told reporters. […]

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Indonesia: 4.36 Percent Inflation Expected in 2017

TEMPO.CO, Jakarta – The Governor of Bank Indonesia Agus Martowardojo projects year-on-yearinflation rate in 2017 of 4.36 percent, an increase compared to late 2016 of 3.02 percent, mostly attributable to pressure from administered prices. Agus said yesterday that the projection was based on the movement in the Customer Price Index (CPI) that was down in […]

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