indo01
Read More

Indonesia: Tax incentives could slash airfares by 40 percent: MTI analyst

The government has been urged to provide airlines with incentives so that they can lower airfares, the costliness of which has been blamed for stagnation in the tourist industry. Indonesian Transportation Society (MTI) aviation analyst Suharto Abdul Majid said on Sunday that the government should not instruct airlines to decrease the prices of airplane tickets without granting any incentives. “I challenge the government; does it dare […]

Read More
indo03
Read More

Indonesia plans more tax breaks to lift GDP growth

[JAKARTA] Indonesia plans to cut several different taxes to boost investment and accelerate economic growth, its finance minister said on Wednesday, after noting the government’s 2019 growth target may be hard to reach. South-east Asia’s largest economy in the first quarter expanded 5.07 per cent from a year earlier, missing market expectations, leading Sri Mulyani […]

Read More
indo02
Read More

Indonesian firm to export coal to Bangladesh

Bangladesh is set to import coal for the first time for a power plant as part of efforts to diversify its fuel mix in the electricity generation sector. The Bangladesh-China Power Company signed a deal with an Indonesian firm in Dhaka on Sunday to import coal for the 1,320-megawatt coal-fired Payra power plant in Patuakhali. […]

Read More
indo01
Read More

Sharp, LG to relocate factories to Indonesia

Japanese and Korean electronics companies Sharp Corp. and LG plan to relocate their factories from Thailand and Vietnam, respectively, to Indonesia as part of their investment consolidation plans in Southeast Asia. Industry Minister Airlangga Hartanto said the relocations would further strengthen their operations in Indonesia, where they have built their respective production bases for a […]

Read More
indo01
Read More

Bank Indonesia sees room to cut interest rate

Bank Indonesia sees room to cut interest rates, according to Governor Perry Warjiyo, raising the prospect of Southeast Asia’s biggest economy easing monetary policy in the face of growing risks to growth. “If we take into account low inflation and economic growth that needs to be pushed, indeed, we already know that there’s room to […]

Read More