JAKARTA – Indonesia is considering cutting the tax on gains made from its sovereign bonds, as part of plans to attract more investors to the debt market of Southeast Asia’s biggest economy, the country’s director general of taxes said on Thursday. Robert Pakpahan said the government is looking at cutting the tax rate on Indonesian […]
Read MoreIndonesia’s inflation rate in October is estimated to reach 0.12 percent month-to-month (mtm), a result of the recent increase in non-subsidized fuel prices, Bank Indonesia (BI) Governor Perry Warjiyo said on Friday. Statistics Indonesia (BPS) announced that the country recorded a 0.18 percent deflation in September and 0.05 percent in August. The latest figure brings year-to-date (ytd) inflation to 1.94 percent, […]
Read MoreManpower Minister Hanif Dhakiri has proposed an 8.13 percent rise in the provincial minimum wage (UMP) for 2019, saying an increase of that amount was based on data issued by Statistics Indonesia (BPS) on inflation of 2.88 percent and economic growth of 5.15 percent. “We hope that all governors will soon [adopt] the new provincial […]
Read MoreThe Finance Ministry announced on Wednesday that the state budget deficit declined in September to Rp 200.23 trillion (US$13.2 billion), equivalent to 1.35 percent of gross domestic product (GDP). “The deficit realization was lower than the deficit in the same period last year, both in terms of its [actual] figure and in its percentage of GDP,” the ministry said in a statement. The […]
Read MoreIndonesia’s economic competitiveness has stepped up, according to the recently released Global Competitiveness Report by the World Economic Forum (WEF). Under the newly introduced Global Competitiveness Index 4.0, Indonesia has a score of 64.9 points and is ranked at 45th, up two places compared to the previous index. Neighboring countries Singapore, Malaysia and Thailand, however, place higher […]
Read MoreOnline retailers and delivery service providers are facing the challenge of increasing their delivery speed to customers as a majority of online shoppers prefer to have their goods arrive on the day of purchase. About 51 percent of respondents chose same-day delivery service, according to the latest consumer insight survey by PricewaterhouseCoopers (PwC). The survey […]
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