Indonesia has the lowest percentage of individual income tax revenue to GDP compared to neighbouring countries — 1.3 per cent, compared to 1.9 per cent in Thailand, 2.1 per cent in Philippines and 2.7 per cent in Malaysia. Due to the economic impact of the COVID-19 pandemic and the provision of related short-term tax incentives, Indonesian tax […]
Read MoreBENGALURU : Indonesia’s central bank will wait until the end of next year before raising interest rates as it tries to aid the economic recovery from the COVID-19 pandemic, keeping a close watch on any U.S. Federal Reserve policy moves, a Reuters poll found. Since the pandemic started, Bank Indonesia (BI) has cut interest rates […]
Read MoreJAKARTA :Indonesia’s trade surplus reached a record US$5.7 billion in October, handily beating market estimates, as exports hit an all-time high fueled by rising prices of its top commodities, such as coal, steel and palm oil, data showed on Monday. Robust exports led Indonesia’s gross domestic product growth in the third quarter, helping cushion the […]
Read MoreTEMPO.CO, Jakarta – The Financial Services Authority (OJK) chairman Wimboh Santoso said the loan value disbursed by financial technology (fintech) lending or peer-to-peer or P2P lending has skyrocketed. “P2P lending recorded an outstanding financing of Rp27.48 trillion in September 2021, or grew by 116.2 percent year on year (yoy),” said Wimboh at a press conference of the Financial […]
Read MoreBogor. Indonesia and Malaysia agreed on Wednesday to implement the travel corridor arrangement that will allow the flow of vaccinated people between the two neighbors and help accelerate economic recovery during the Covid-19 pandemic. The mutual border reopening agreement was reached during a meeting between President Joko “Jokowi” Widodo and visiting Malaysian Prime Minister Ismail Sabri […]
Read MoreJAKARTA (REUTERS) – Indonesia’s economic growth slowed more than expected in the third quarter as restrictions to control a deadly wave of Covid-19 weighed on activity, although recent data suggests growth may be getting back on track in the current quarter. South-east Asia’s largest economy grew 3.51 per cent in the July-to-September quarter, from the […]
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Thailand
