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Indonesia: Tax Revenue Increases in October

TEMPO.CO, Jakarta – The Directorate General of Tax of the Finance Ministry reports that tax revenue has increased by 25 percent in October compared to the previous month. September saw Rp84.7 trillion in tax revenue, whereas this month it has hit Rp105.87 trillion. “Meaning that the growth is quite significant. Value added tax [PPN] grew 20 percent […]

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Indonesia: More Retail Shops to Close Down, Aprindo Says

TEMPO.CO, Jakarta – Indonesian Retailers Association (Aprindo) deputy chairman Tutum Rahanta stated that there will be more retail shops to close down. “Some of my colleagues have confirmed that they will close down or cut their growth,” Tutum said in Central Jakarta on Saturday (28/10). Tutum explained that businessmen will take efficiency measures if the trend of conventional retail begins to significantly decline. Tutum added that […]

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Indonesia – Pertamina: More than Rp800bn Needed for One-price Fuel Policy

TEMPO.CO, Jakarta – State-owned energy company PT Pertamina Secretary Syahrial Mochtar stated that the fund required to realize one-price fuel policy nationwide reaches Rp800 billion. “It is likely to increase due to the implementation of the policy in Papua,” he said in Yogyakarta on Saturday (28/10). The large amount of fund released by Pertamina, Syahrial continued, is part of the corporation’s job not only to seek profit, but also […]

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Indonesia: Labors Demand US$5 Rise

TEMPO.CO, Jakarta – Jakarta Provincial Executive Board of Indonesian Metal Workers Federation (DPW FSPMI) threatened to deploy thousands of labors to rally in Jakarta city hall on Tuesday (31/10) demanding a rise in provincial minimum wage (UMP). They demanded Jakarta Governor Anies Baswedan to realize his statement on raising Jakarta UMP as much as US$50 equals to Rp650,000. FSPMI also demanded Anies to disregard […]

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Indonesia: Jokowi Meets Kadin, Discuss Tax Audit

TEMPO.CO, Jakarta – President Joko Widodo (Jokowi) met with the Indonesia Chamber of Commerce and Industry (Kadin) executive board on Thursday night discussing tax audit, among others. Kadin chairman Rosan Roeslani said that they discussed the roles of state-owned enterprises and private firms in the business world. Rosan said that Kadin proposed a new rule for tax audits. “On […]

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