Parliament has suggested imposing taxes on three categories of income not included in the 2018 Union Tax Bill submitted by the government. The government had proposed levying a 3 percent tax on income not included in the bill that was submitted within the first half of the fiscal year and 5pc for income submitted within […]
Read MoreTEMPO.CO, Jakarta – Economic observer from the Institute for Development of Economics and Finance (Indef) said that a price hike for non subsidized fuels will push up February’s inflation by 0.25 to 0.3 percent, month-on-month. “(A fuel hike) will automatically push up administered prices, and the effect will also reach transportation (costs) as a component of inflation,” […]
Read MoreTEMPO.CO, Jakarta – The Jakarta inter-bank spot dollar rate (JISBOR) showed the rupiahweakening by 35 bps to trade for 13,791 per US dollar on Thursday morning. Binaartha Sekuritas analyst Reza Priyambada said here today that the US dollar is gaining power against most Asian currencies–including the rupiah–following The Fed’s hawkish stance. “The market responds to Fed’s ‘hawkish’ statement […]
Read MoreTEMPO.CO, Jakarta – Jakarta Research and Public Policy (JRPP) supported Jakarta Government to affirm the regulation of illegal minimarket in Jakarta. JRPP executive director Muhamad Alipudin said unregistered minimarket inflicts financial lose to Jakarta government on potential tax. “We support Jakarta government to regulate all minimarkets in order,” said Alipudin, Thursday, February 28. Based on the Regional Regulation (Perda), No. […]
Read MoreMANILA, Philippines — The Philippines is no longer the “sick man” of Asia having experienced rapid economic growth over the past six years, but the country needs to boost the competitiveness of the export sector, according to British banking giant HSBC. In a research note, HSBC economist Noelan Arbis said the Philippines has outperformed its […]
Read MoreThe Indonesian government is planning to inform Vietnam about a change in the vehicle type approval (VTA) certificate in an effort to reopen Indonesian automotive exports to the country. “With the VTA adjustment, Indonesian automotive exports are expected to return to the country,” Trade Ministry international trade director general Oke Nuwan said in a statement […]
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Thailand
