The Finance Ministry is in the process of writing up regulations for the implementation of tax deductions for research and development (R&D) and labor-intensive industries. The head of the state revenue department at the Finance Ministry’s Fiscal Policy Agency, Syarif Ibrahim, said in Jakarta on Tuesday that the ministry should carefully formulate the regulations to […]
Read MoreThe Industry Ministry has introduced 113 compulsory national industrial standards (SNI) as of June, this year for products that present dangers to people’s health and safety and the environment, such as zinc-coated steel products, battery products and refined sugar. The Industry Ministry’s industrial research and development agency Ngakan Timur Antara said in Jakarta on Tuesday […]
Read MoreJAKARTA (Reuters) – A small majority of economists expect Bank Indonesia to cut its benchmark rate for the fourth straight month at its meeting this week to support the economy, a Reuters poll showed on Monday. Eighteen of 30 analysts in the poll expected BI to trim the 7-day reverse repurchase rate IDCBRR=ECI by 25 […]
Read More[SINGAPORE] Nadiem Makarim, co-founder of Indonesia’s first startup unicorn Gojek, has resigned as chief executive officer of the ride-hailing giant to take on a Cabinet post in the country’s new government. His appointment is in line with President Joko Widodo’s publicly stated preference to include professionals and millennials in his second-term team. Mr Widodo, commonly […]
Read MoreJAKARTA: Indonesia has issued regulations to allow authorities to block smartphones purchased on the black market, in a bid to encourage investors to produce mobile phones in the country, a minister said on Friday. Indonesia is a large market for mobile phone producers, with 60 million phones sold every year. “These (regulations) are aimed at creating […]
Read MorePrivate messaging app WhatsApp is in talks to bring its payment feature WhatsApp Pay to Indonesia, a spokesperson has said. WhatsApp Asia communications director Sravanthi Dev told the press on Wednesday that the company was in discussions over bringing WhatsApp Pay to the Southeast Asian market. “I know there’s a lot of interest in WhatsApp […]
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