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Indonesia: Low Inflation Rate Reflects Success in Controlling Price: BI

TEMPO.CO,¬ Jakarta¬ – Bank Indonesia (BI) Governor Agus Martowardojo asserted the low coreinflation¬ and deflation do not necessarily mean low public purchasing power. Instead, the deflation and low core inflation reflect government‚Äôs success in controlling prices. ‚ÄúCore inflation does not necessarily reflect weak purchasing power,‚ÄĚ Agus said after a meeting with President Joko Widodo or Jokowi at the […]

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Indonesia: Govt to Lower Tax Charges for SMEs

TEMPO.CO,¬ Jakarta¬ – The government continues to prepare for lowering tax charges for micro, small and medium-sized enterprises (SMEs) from 1 percent to 0.25 percent. Suahasil Nazara, head of Fiscal Policy Agency, the Finance Ministry, said that the government will carry out an evaluation to boost tax compliance of small businesses. The Finance Ministry has included the […]

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Indonesia: Rupiah Weakens against US Dollar after N. Korea Nuclear Test

TEMPO.CO,¬ Jakarta¬ – The rupiah was trading weaker by 1 point to Rp13,319 per US dollar in Jakarta inter-bank market this morning. Binaartha Sekuritas analyst Reza Priyambada said this morning that negative sentiments following rising tensions in the Korean Peninsula have prompted investors to hold their transactions on assets in developing countries, including Indonesia, halting the currency […]

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Indonesia: August Inflation Expected to be Low

TEMPO.CO,¬ Jakarta¬ – Economist at SKHA Institute for Global Competitiveness, Eric Alexander Sugandi estimated that¬ inflation¬ in August would not be high. According to him, there is even a potential of deflation, albeit small. Eric added that low inflation was triggered by the prices of basic food that have gone back to normal, especially after Eid Day. “Price normalization […]

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Indonesia: Office Demand Increases as E-commerce Businesses Grows Rapidly

TEMPO.CO,¬ Jakarta¬ – A research conducted by property consultant Savills Indonesia shows that¬ e-commerce¬ and tech companies are now occupying commercial office buildings. The tech companies include fintech companies and software development companies. Savills Indonesia research and consulting department head Anton Sitorus said that most of the companies earlier used houses, house-shops (known as ruko) or small warehouses as […]

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Indonesia: Retail Association Exlpains Closing of Ramayana Supermarkets

TEMPO.CO,¬ Jakarta¬ – The Indonesian Retailers Associations (Aprindo) deputy chairman Tutum Rahanata has confirmed the reports on the shutting down of¬ Ramayana¬ supermarkets. Tutum was told that Ramayana closed its supermarkets for layout and formatting changes. ‚ÄúWhether the closing was due to loss or not it cannot be confirmed yet,‚ÄĚ he said Thursday, August 31. Tutum said that he […]

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