TEMPO.CO, Jakarta – World Bank predicts that Indonesia will increase its real gross domestic product (real GDP) by 5.3 percent in 2018. This is backed by a number of economic growth indicators during this year’s first quarter. Based on the World Bank’s review, Indonesia’s economic growth in the first quarter of 2017 increased from 4.9 percent […]
Read MoreTEMPO.CO, Jakarta – The government is drafting a regulation aimed at stabilizing food prices, instead of deliberating the food regulation law as implemented in Malaysia. “There will be an import duty imposed to stabilize prices,” Coordinating Minister for Eonomic Affairs Darmin Nasution said at his office in Jakarta today, June 15. Darmin added that the government […]
Read MoreTEMPO.CO, Jakarta – The government has launched fresh branding of 10 major tourist destinations in Indonesia in a bid to boost national tourism sector. Tourism Minister Arief Yahya launched the branding coincided with cultural, natural and tourism exhibition adopting the theme The New Chapters of Indonesia yesterday. Ten tourist destinations with the new branding are […]
Read MoreJAKARTA: What’s good for Indonesia’s fiscal chiefs is proving a headache for the central bank. President Joko Widodo’s push to phase out electricity subsidies that have drained the budget of billions of dollars is boosting prices in the economy and threatening the bank’s 3% to 5% inflation target. For reform-minded Widodo, getting rid of the […]
Read MoreJAKARTA — Alphabet Inc’s Google Asia Pacific headquarters has agreed on future tax payments with the Indonesian government, the country’s communications minister said on Wednesday. Finance Minister Sri Mulyani Indrawati had said on Tuesday that Indonesia had reached a tax deal with Google for 2016, following a months-long dispute over allegations that the search giant had not […]
Read MoreJAKARTA (REUTERS) – Indonesia has reached a settlement with Alphabet’s Google for 2016 in their dispute over taxes, the country’s finance minister said on Tuesday (June 13). “We already have an agreement with them based on 2016. But we can’t disclose the figure, that is a secret,” Indonesia Finance Minister Sri Mulyani Indrawati told reporters. […]
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