JAKARTA: Indonesia’s benchmark interest rate of 3.50% was already low, central bank governor Perry Warjiyo said on Monday, while also underlining the central bank’s efforts to accelerate bank lending ahead of a policy review this week. “We’re continuing to push for interest rate transparency (among banks) because BI’s benchmark has gone down sharply since last […]
Read MoreJAKARTA: Indonesia has formed a task force that includes law enforcement officials to go after nearly $8 billion (RM33bil) of unrepaid state funds handed out to bank owners during the Asian financial crisis in the late 1990s, ministers said on Friday. The government provided billions of dollars of financial support to troubled banks during the […]
Read MoreInflation in Indonesia edges higher in May but still not a concern for policymakers 10 months below target Inflation picked up slightly to 1.7% YoY in Indonesia with core inflation also accelerating. May featured a holiday and commodity prices rose. Inflation quickened across nine of the eleven categories in the CPI basket, with core inflation settling at […]
Read MoreJAKARTA — As Indonesia considers tax increases to cover stimulus spending sparked by the pandemic, the country’s business community warns that higher levies could dampen a nascent economic recovery after four straight quarters of contraction. The Finance Ministry contemplates two options for a hike in the value-added tax: raising the current across-the-board rate, or enacting separate rates for different categories […]
Read MoreIndonesia’s annual inflation rate accelerated in May, according to the latest data published by Statistics Indonesia showed on Wednesday. Indonesian May’s inflation rate rose to 1.68% on the year when compared with April’s 1.42% and 1.67% expectations, although remains way below the Bank Indonesia’s (BI) 2.5-4.5% target range. The annualized core figure arrived at 1.37% vs. 1.18% previous and […]
Read MoreDavid Hamzah Damian and Denny Vissaro of DDTC discuss how Indonesia’s new tax regime brings a competitive edge to the economy by unlocking new opportunities for investors and expatriates. Southeast Asia’s largest economy, Indonesia, has moved the tax system forward to be more globally competitive among countries in the region. By enacting Law No. 11 […]
Read More
Thailand
