Indonesia’s full-year trade balance hit a deep deficit of US$8.57 billion in 2018. The figure was the largest deficit recorded since 1975 and a stark contrast to the results in 2017 and 2016, when the trade balance recorded surpluses of $11.84 billion and $9.48 billion, respectively, Statistics Indonesia (BPS) said on Tuesday. Annual exports went […]
Read MoreThe Energy and Mineral Resources Ministry has lowered its investment target in the downstream oil and gas business – pipeline projects, manufacturing facilities and fuel-storage facilities — this year as the ministry failed to achieve its target in the last two years. This year’s investment target for the oil and gas downstream business has been […]
Read MoreJAKARTA (BLOOMBERG) – Indonesian presidential candidate Prabowo Subianto is proposing deep tax cuts to stimulate South-east Asia’s largest economy, copying the playbook successfully used by US President Donald Trump. Subianto and his running mate Sandiaga Uno will lower company and individual taxes by between 5 and 8 percentage points over five years and widen the tax-to-gross domestic […]
Read MoreTEMPO.CO, Jakarta – The Ministry of Tourism has prepared a budget of Rp15 billion for the recovery of tourism in Banten and Lampung. The two province were hit by a deadly tsunami in the Sunda Strait on December 22, 2018. “The total budget for the recovery is Rp15 billion. I think this is enough for the operational budget,” Minister of Tourism Arief Yahya said […]
Read MoreGlobal funds are piling back into Asia’s bellwether for emerging markets, buying $795 million of debt so far this year and sending yields down about 90 basis points from their October peak as the Federal Reserve looks to take a more cautious approach to policy tightening. That’s spelling relief for the rupiah and Bank Indonesia, […]
Read MoreE-commerce businesses will soon be required to have tax numbers (NPWPs) and report their recapitulation of trade transactions to the Finance Ministry following its newly issued regulation on taxation for online trade transactions. Having been approved by the Law and Human Rights Ministry and signed by Finance Minister Sri Mulyani Indrawati, the new e-commerce tax regulation will come into effect on […]
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