Indonesia’s consumer price index (CPI) increased 3 percent year-on-year (yoy) in November, well within the central bank’s targeted range of between 2.5 percent and 4.5 percent for 2019, Statistics Indonesia (BPS) announced on Monday. Benign inflation has given room for Bank Indonesia (BI) to ease monetary policy, as it cut the nation’s benchmark interest rate 100 percent since July to […]
Read MoreThe prolonged drought this dry season has affected the productivity of poultry farmers in East Java, with a decline recorded in the quality and quantity of chicken eggs over the last few months. National Breeders Association (PPRN) chairman Rofi Yasifun said that the severe drought due to climate change had caused a 30 percent decline […]
Read MoreThe internet economy is rapidly growing in Indonesia amid an increase in the use of digital payments across Southeast Asia’s largest economy. According to Google Indonesia’s “2019 Year in Search Indonesia: Insights for Brands” report, the rapid growth in the country’s e-money adoption has been greatly affected by five major country trends, which include e-money […]
Read MorePresident Joko “Jokowi” Widodo has officially issued a regulation that streamlines all business licensing toward the Investment Coordinating Board (BKPM) and grants the agency the authority to review policies deemed as unfavorable for investors. Presidential Instruction (Inpres) No. 7/2019 on the acceleration of ease of doing business (EODB) was signed on Nov. 22 and became […]
Read MoreThe Taxation Directorate General will focus on expanding Indonesia’s tax base next year in order to meet a tough revenue target for 2020 amid an economic slowdown. The Finance Ministry’s director general of taxation, Suryo Utomo, said the tax authority would make on-the-grounds efforts to expand the country’s tax base while continuing to monitor existing […]
Read MoreIn October, Roy Morgan Indonesian Consumer Confidence increased to 159.5, up 1.5pts from the previous month. However Consumer Confidence is now 3.5pts lower than it was a year ago (163.0). Analysis of Consumer Confidence by employment and occupation shows declines across most categories over the past year, with the steepest drop among those not in […]
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