JAKARTA: Indonesia on Tuesday lowered its threshold for applying export tax on crude palm oil to a reference price of $680 per tonne, down from $750 per tonne previously, according to a finance ministry regulation. The lowering of the threshold took effect on Tuesday. The export tax goes up for every $50 price increase in the […]
Read MoreJAKARTA, Aug 9 (Reuters) – Indonesia on Tuesday lowered its threshold for applying export tax on crude palm oil to a reference price of $680 per tonne, down from $750 per tonne previously, according to a finance ministry regulation. The lowering of the threshold took effect on Tuesday. The export tax goes up for every […]
Read MoreTEMPO.CO, Jakarta – Investment Minister Bahlil Lahadalia expressed his optimism that Indonesia is far from recession, its economic growth in 2022 will be above 5 percent, and investment realization will reach the target of Rp1,200 trillion. “For 2022, we are optimistic that, inshallah, we can achieve the economic growth target of above 5 percent and investment, inshallah, reach Rp1,200 […]
Read MoreTEMPO.CO, Jakarta – Garuda Indonesia President Director Irfan Setiaputra said the additional fee for air ticket prices would not reach 15 percent as allowed by the government following the surging aviation fuel prices. The state airline, Irfan added, is committed to ensuring the affordability of airline tickets albeit it must also adjust to the current high price of airplane […]
Read MoreJAKARTA: Indonesia’s inflation rate has continued to climb, reaching 4.94 per cent year-on-year in July. The July figure is the country’s highest inflation rate since October 2015. Back then, it was 6.25 per cent. This comes amid soaring food and energy prices globally as well as crop failures domestically, according to Mr Margo Yuwono, head of the […]
Read MoreINDONESIA’S economy grew more than 5 per cent last quarter, thanks to robust trade and domestic demand. Gross domestic product (GDP) grew 5.44 per cent in the 3 months to June from a year ago, the statistics bureau said in Jakarta on Friday (Aug 5). That is faster than the median estimate of 32 economists […]
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