TEMPO.CO, Jakarta – Gianyar District Tourism Office noted that Tirta Empul Temple was visited by 524,647 tourists in 2016, an increase compared to 2015 with 450,120 tourist visits. “Of all tourist destinations operated by Gianyar District Government, Tirta Empul is still the most popular among both domestic and foreign tourists,” said Anak Agung Ari Brahmanta, […]
Read MoreTEMPO.CO, Jakarta – The Minister of Finance Sri Mulyani is targeting 16.8 percent growth in tax revenue from last year. The government has formed the Tax Reform Team to achieve it. The team is tasked with establishing a stronger basis of human capital, information technology and business process. “As well as the laws and regulations,” […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) has expressed its appreciation for credit rating agency Moody’s Investors Service’s decision to upgrade its outlook for Indonesia’s sovereign credit rating from stable to positive. Concurrently, Moody’s has affirmed Indonesia’s investment grade rating of Baa3. “Improved Moddy’s outlook shows a continued recognition from international agencies of Indonesia’s success in […]
Read More[JAKARTA] Moody’s Investors Service upgraded its credit outlook on Indonesia to “positive” from “stable”, praising its progress on reforms and its efforts to keep finances under control despite falling prices for its main commodity exports. Moody’s upgrade late on Wednesday follows a similar move by Fitch in December, and comes at a welcome time for […]
Read MoreTEMPO.CO, Jakarta – Bambang Eka Cahyana, president director of state-owned port operator PT Pelabuhan Indonesia I (Persero), also known as Pelindo I, said that North Sumatra ports will commence operations this year. Improvements to port infrastructure are expected to boost economic growth in the province. Bambang explained that the company has been stepping up construction […]
Read MoreTEMPO.CO, Jakarta – Earlier in August last year, President Joko Widodo instructed the Minister of Finance Sri Mulyani Indrawati to lower corporate income tax (PPh badan) to a globally competitive rate. Individual income tax will also be slashed to maintain peoples’ purchasing power. Revisions to tax laws are not expected to complete this year nor […]
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