The recent rate cut by Bank Indonesia (BI), which has hinted at more cuts in the future, combined with improvements to government investment policies, is expected to boost investment growth, Finance Minister Sri Mulyani Indrawati has said. “We hope investment will pick up in the second half of the year,” she in Jakarta on Monday, […]
Read MoreSINGAPORE – Fintech start-up soCash is gearing up to grow its Asian distribution network after raising US$6 million (S$8.2 million) in Series B funding, it announced on Monday (July 22). The funding round was led by Japan’s Glory Ltd, and participated by global venture capital fund network Vertex Ventures as well as Standard Chartered Bank’s […]
Read MoreCambodia aims to begin exporting milled rice to Indonesia, one of the biggest rice markets in Asean, in the near future, according to the Minister of Commerce. For in depth analysis of Cambodian Business, visit Capital Cambodia The two countries celebrated last week 60 years of diplomatic relations, which was marked by holding the Cambodia-Indonesia Friendship […]
Read MoreThe Taxation Directorate General has revoked a regulation on individual income tax to simplify the tax calculation process and ensure legal certainty. Tax office spokesman Hestu Yoga Saksama said Taxation Regulation (Perdirjen) No. 14/2019, issued on July 3, to revoke Perdirjen No. 32/2010 on individual income tax collection for certain businesses. The 2010 regulation was a derivative […]
Read MoreJAKARTA: When Harijanto needed more workers to make Nike and Adidas sneakers at one of its factories outside the Indonesian capital Jakarta, he couldn’t make the numbers work. Faced with one of world’s most generous payout packages for fired workers and having to navigate a complex minimum wage system, Harijanto said he couldn’t employ the […]
Read MoreTEMPO.CO, Jakarta – On July 8th, Mitsubishi Motors Corporation (MMC) has announced its partnership with Indonesian startup company GoJek. MMC Chairman Osamu Masuko on Wednesday said that the automotive company is looking forward to the partnership that conforms to the company’s views on future development. “Future challenges will surely get more difficult. We need a partner to work with […]
Read More
Thailand
