The government has vowed to keep train fares affordable in a bid to attract more people to use the mass transportation system and, eventually, reduce road traffic. Transportation Minister Budi Karya Sumadi said state railway company PT Kereta Api Indonesia (KAI) had agreed to keep providing comfortable and affordable mass transportation to the public. “PT […]
Read MoreJAKARTA: Indonesia posted wider-than-expected trade deficit in December, bringing the gap for 2018 to the largest ever, the statistics bureau said yesterday. December’s trade deficit was US$1.10bil, in a third consecutive month where the gap was wider than market expectations. A Reuters poll had expected a deficit of US$930mil. South-East Asia’s largest economy had a deficit of […]
Read MoreIndonesia has maintained a single-digit poverty rate as it posted a 9.66 percent rate as of September 2018, Statistics Indonesia (BPS) reported on Tuesday, with the number of poor people standing at 25.67 million. The figure decreased from 9.82 percent in March, meaning 280,000 people had been lifted out of poverty. The figure has inched […]
Read MoreIndonesia is bringing in new rules requiring e-commerce sellers to share data with authorities, while also stressing that they must pay taxes, the finance ministry said on Monday. Surging smartphone use and a rising middle-class income in Indonesia, home to 260 million people, has made its e-commerce industry a battleground for foreign investors. Spending in […]
Read MorePresident Joko “Jokowi” Widodo announced on Monday fiscal incentives for the development of electric cars by lowering the luxury goods tax (PPnBM), while Industry Minister Airlangga Hartarto said the government would cut to zero the import duty for electric vehicles. Finance Minister Sri Mulyani Indrawati, meanwhile, explained that the government was preparing a presidential regulation […]
Read MoreSmoking has long been a habit in Indonesia that does not only involve adults but also affects minors, including elementary school students, and has led to swelling healthcare spending for smoking-related diseases. However, policy makers are reluctant to address the issue and are defending the cigarette business, critics say. President Joko “Jokowi” Widodo’s decision not […]
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