Finance Minister Sri Mulyani Indrawati is expecting that household spending, the primary driver of gross domestic product (GDP) growth in Indonesia, will expand by around 5 percent in the first quarter of this year. Sri Mulyani said the high disbursement of the social assistance program by the government would hopefully boost it. “From the government […]
Read MoreThe Business Competition Supervisory Commission (KPPU) is calling on the government, particularly the Transportation Ministry, not to intervene in airfares, but let airplane ticket prices be determined by market mechanisms. “When the government calls for lower airfares, it should base them on market mechanisms. There should be no pressure,” said KPPU commissioner Guntur Saragih in […]
Read MoreJAKARTA: Indonesian President Joko Widodo (Jokowi) called for an increase in capital spending to bolster growth as a slowing global economy, the US-China trade war and rising oil prices pose risks to South-East Asia’s largest economy. Chairing the second cabinet meeting in two days, Jokowi, who is on course for a second five-year term, laid […]
Read MoreThe government has issued a new regulation on incentives and facilities for investment in Indonesia’s regions (provinces, cities, regencies) in an effort to boost economic growth across the country. Government Regulation No. 24/2019 on incentives and facilities for investment in regions was issued on April 2, kontan.co.id reported Monday. The new regulation provides more details than the previous […]
Read MoreIndustry Minister Airlangga Hartanto has said that a draft regulation concerning the so-called superdeduction tax will be implemented for manufacturing companies that run vocational schools teaching 36 skills. The superdeduction tax is a fiscal incentive involving a 200 percent tax allowance proposed by the ministry for such companies. “We have listed 36 competencies in the […]
Read MoreCentral Sulawesi has set its sights on generating Rp 20.08 trillion (US$1.42 billion) in investments this year, following the earthquake and tsunami of Sept. 28, 2018 that particularly devastated the provincial capital of Palu and surrounding areas. Data from the Online Single Submission (OSS) system show that 400 local and foreign investors are interested in the province. “We are optimistic that we […]
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