Family businesses account for almost all of businesses in Indonesia, employing millions of people and boosting the economy. However, their sustainability is a big problem as only 13 percent survive until the third generation, a consultancy firm says. Deloitte Indonesia executive director Budiyanto said on Wednesday that some of the problems that people encounter when […]
Read MoreThe government will expand its tax incentive program to cover more business sectors as part of its efforts to attract investment. Government Regulation No. 78/2019, which has been signed by President Joko “Jokowi” Widodo and will come into effect on Dec. 13, will increase the number of sectors in which businesses are eligible to apply for the […]
Read MoreTech giants Google and Facebook are considering setting up data centers in Indonesia, Communications and Information Minister Johnny G. Plate has said. He told journalists about the matter after accompanying President Joko “Jokowi” Widodo in a meeting with delegates from the United States-ASEAN Business Council at Merdeka Palace on Thursday. “Google and Facebook already have plans to build […]
Read MoreThe government plans to revise a regulation and issue a ministerial decree to improve the performances of state-owned enterprises (SOEs), according to a minister. SOEs Minister Erick Thohir said during a meeting with the House of Representatives (DPR) Commission VI on Monday that his ministry was still reviewing Government Regulation No. 41/2003 on the transfer […]
Read MoreIndonesia will experience a sizable increase in growth of the digital and technology sectors next year, particularly in financial technology, potentially raising professionals’ salaries by up to 50 percent in the sectors, a new report has shown. The Michael Page Indonesia Salary Benchmark 2020 report has found that professionals who switch jobs within the digital and technology […]
Read MoreFinance Minister Sri Mulyani Indrawati on Thursday shared the government’s planned tax reforms, which includes relaxing income tax for Indonesian and foreign expatriates as well as eliminating dividend tax in addition to reduced corporate income tax and a new digital economy tax. Sri Mulyani said that the sweeping reforms, intended to boost investment and stoke growth in the the sluggish economy, would be part of the […]
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