indo01
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Indonesia: Lobby groups want more talks on taxation bill

Two major lobby groups, the Indonesian Chamber of Commerce and Industry (Kadin) and the Indonesian Employers Association (Apindo), have welcomed the House of Representatives’ decision to delay the deliberation of the General Taxation System (KUP) bill. They argue that the postponement of the bill’s deliberation, which was initially targeted to be completed this year, would give stakeholders adequate time to […]

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Malaysian palm oil price in biggest fall in 21 months as Indonesia axes export levy

JAKARTA:Malaysian palm oil futures suffered their biggest fall in more than 21 months on Monday after Indonesia, the world’s top palm oil producer, announced measures to increase shipments. The sharp drop in palm oil prices in late trading was in direct response to the announcement that Indonesia will help palm oil exporters by reducing its export levy to zero from $50 a tonne previously, traders said. Until now the Indonesian levy had […]

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Bank Indonesia to issue cross-border QR code payment regulation

Bank Indonesia is preparing a cross-border regulation on QR code transactions that is expected to come into effect early next year. “The cross-border regulation is for regulating QR code transactions in rupiah made by foreign players,” a BI source said as quoted by kontan.co.id on Sunday. The unnamed source said the regulation would facilitate domestic financial institutions to cooperate easily with foreign platforms like WeChat and Alipay that offer QR […]

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Indonesia: Five fintech sectors expected to grow fast in next five years: Association

The executive chairman of the Indonesian Financial Technology Association(Aftech), Kuseryansyah, has estimated that five financial technology (fintech) sectors will experience significant growth in the country in the next five years. These sectors are online payment, peer-to-peer (P2P) lending, insurance technology (insurtech), crowdfunding and price aggregators, he added, arguing that they would experience fast growth because their services could be accessed by […]

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indo01
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Indonesia: RI, EFTA countries to sign trade deals

Indonesia has wrapped up negotiations for a free trade and investment pact with members of the four-nation European Free Trade Association, and a final agreement is due to be signed in December, Indonesia’s trade minister said. Negotiations on the Comprehensive Indonesia-European Free Trade Association Comprehensive Economic Partnership Agreement (IE-CEPA) between Indonesia and EFTA members — […]

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