TEMPO.CO, Jakarta – The Investment Coordinating Board (BKPM) chairman Thomas Lembong expects US$5-10 billion investment in Indonesia (RI) in the next 1-2 years after ratings agency Standard & Poor’s (S&P) upgraded Indonesia’s credit rating. “It’s equal to Rp70-130 trillion investment in Indonesia thanks to S&P upgrade,” he said yesterday. According to Thomas, the rating upgrade […]
Read MoreThe government agreed yesterday to invoke the powerful Section 44 of the interim charter to speed up investment in the much-touted Eastern Economic Corridor (EEC), unlocking limits and streamlining procedures regarding environmental impact assessments (EIAs) and the public-private partnership (PPP) model. Sansern Kaewkamnerd, a government spokesman, said using Section 44 to facilitate EEC investment was […]
Read MoreThe government has approved the Vientiane-Vangvieng expressway’s corridor and legislation in a move to boost socio-economic development. The approval was made at the monthly cabinet meeting for May, chaired by Prime Minister ThonglounSisoulith and attended by the cabinet members. The 113.7-km corridor is part of the envisioned Vientiane-Boten expressway that the government wants to develop. […]
Read MoreThe top five residential developers posted a year-on-year decline in revenue in the first quarter of 2017, reflecting a drop in the number of newly transferred and registered housing units after property tax incentives expired in April 2016. Pruksa Real Estate, a property development arm of SET-listed Pruksa Holding Plc that posted the highest revenue […]
Read MoreThe majority of small and medium enterprises are still unaware of how to comply with new tax regulations that came into force at the end of last year, according to an Economy Ministry official. Srun Angkaren, a deputy director in the general department of taxation, said officials are organising training to help SMEs comply with […]
Read MoreTEMPO.CO, Jakarta – The National Development Planning Agency (Bappenas), in collaboration with Australia and Switzerland, conducted a survey in 2016 on the finance inclusion in East Indonesia. Twenty thousand respondents took part in the survey throughout East Java, West Nusa Tenggara, East Nusa Tenggara, and South Sulawesi. The report reveals that 41 percent of citizens living in […]
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