Representatives of two business associations have called on the government to lower the rate of corporate income tax so they can manufacture products that can compete in the global market. They claim that the 25 percent tax rate means Indonesian products cannot compete in the global market because neighboring countries have lowered the income tax rate. Chairman of the Association of […]
Read MoreJAKARTA: Indonesia‘s government said on Monday it will encourage the country’s palm oil companies to file lawsuits against the European Union if the bloc goes ahead with a plan to phase out use of the commodity in renewable transport fuel. Indonesia, the world’s biggest palm oil producer, has strongly condemned the EU move to classify palm as a crop that causes […]
Read MoreThe textile industry is seeking the government’s protection from high growth of imports as the sector could not compete in both domestic and international markets. According to data from Statistics Indonesia (BPS), export growth in the textile industry has been just 3 percent annually over the last 10 years, while import growth was 20 percent […]
Read MoreJAKARTA: Indonesian authorities mandated that ride-hailing motorcycle service providers will only be able to charge rates within a fixed band, a move that could put hurdles in the expansion plans of Go-Jek, Grab and other ride-hailing firms. Starting May 1, motorbike ride-hailing rates will have to be between 1,850 and 2,600 rupiah (13 US cents […]
Read MoreHonda sole agent in Indonesia PT Honda Prospect Motor (HPM) kicked off Tuesday the production of the export-oriented All New Honda Brio cars at its factory in Karawang, West Java. Speaking at the event, Trade Minister Airlangga Hartarto praised HPM’s effort to increase the exports of its products, including the All New Brio cars. “The maiden […]
Read MoreBank Indonesia (BI) has shown its commitment to helping increase Indonesian coffee exports by facilitating small and medium enterprises (SMEs) taking part in a coffee expo in Singapore. The SMEs have been enjoying facilities provided by BI as part of the central bank’s commitment to helping develop local economies. Held from March 21- 23, The Cafe Asia Expo was participated in […]
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