Indonesian coal miners are struggling with slow demand this year as businesses in India, one of the country’s major coal markets, hit the brakes due to a prolonged lockdown to contain the COVID-19 outbreak, a data firm has said. The South Asian country’s coal imports, a commodity mostly used for power generation, is projected to decrease […]
Read MoreTHE true action in Indonesia still lies in the debt capital markets, as a double-digit number of public listings in the first four months of 2020 masked a year-on-year fall in the amount of equity funds raised. The Covid-19 pandemic has otherwise taken a toll on companies’ ability to scrounge up cash, as initial public […]
Read MoreWhile most businesses have been forced to downsize and have halted recruiting new staff, a recent survey has found that some companies are continuing to hire new employees as part of their strategy for faster recovery after the health crisis ends. A recently published month-long survey by Mekari, a human resource and financial solutions start-up, shows that most Indonesian companies have either frozen or reduced hiring […]
Read MoreIndonesian companies have preferred to raise capital from the debt market in the first four months of this year as banks experience tight liquidity, according to Bloomberg data. Funding from bonds and syndicated loans constituted 98.1 percent of the total capital raised by Indonesian companies from January to April this year, totaling US$18.9 billion, Bloomberg […]
Read MoreIndonesia is bracing for a new normal in the tourism industry as it lays the groundwork for a post-Covid revival by next year. “In the future, we will focus on some issues that really matter in order to anticipate new tourism trends and paradigms, or the ‘new normal’, where people would be more concerned, for […]
Read MoreThe Finance Ministry will start charging 10 percent value-added tax (VAT) on imported digital goods and services, which includes video and music streaming subscriptions, starting from July 1 in an attempt to boost state revenue amid the COVID-19 outbreak. According to Finance Ministerial Regulation No. 48/2020, the tax will be collected from customers by the […]
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