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Indonesia: Taxpayer complains over 100% property tax increase

A taxpayer in Jagakarta, South Jakarta, has complained about a 100 percent increase in his property tax this year and called on the Jakarta administration to revise its policy. Using the Twitter handle @hotelsyariahJKT, the taxpayer posted two bills for land and building tax (PBB) for his property. The 2017 bill shows a total PBB of Rp 15,945,350, while the […]

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Vietnam: Platinum Victory sets sight on higher stake in Vinamilk

The Hanoitimes – Hong Kong-based Platinum Victory and F&N Dairy Investment – a group backed by Thai tycoon Charoen Sirivadhanabhakdi – are in a race to increase their respective holdings at Vietnam Diary Products Company, known as Vinamilk. Platinum Victory – a subsidiary of Hong Kong-based conglomerate Jardine Matheson – has registered to purchase 14.51 million […]

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Asia seen resisting pressures on growth

GROWTH in Asia and the Pacific’s developing economies for 2018 and 2019 will remain solid as growth continues apace across the region, despite rising tensions between the United States and some of its trading partners, says a new Asian Development Bank (ADB) report. In a supplement to its Asian Development Outlook (ADO) 2018 report released […]

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indo01
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Bank Indonesia holds key rate at 5.25 percent

Bank Indonesia (BI) decided to hold its key rate in July as it remained confident that the current rate is still attractive to foreign investors amid uncertainties in the global liquidity market. Following a two-day board of governors meeting, the central bank announced that the BI seven-day reverse repo rate was maintained at 5.25 percent, […]

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