INDONESIA’S external debt, while creeping upwards, is still at healthy levels, United Overseas Bank economist Enrico Tanuwidjaja has said. The debt clocked in at US$383.3 billion as at end-January 2019 – or US$5.5 billion more than the previous month – but he estimated that the ratio to gross domestic product was about 36.8 per cent, a steady […]
Read MoreFlag carrier Garuda Indonesia is offering 50 percent discounts on airfares from March 31 to April 13 to celebrate the 21st anniversary of the State-Owned Enterprises Ministry. “Lowering the airfares is Garuda Indonesia’s consistent commitment to making its 5-star service affordable for all Indonesian people,” Garuda Indonesia commerce director Pikri Ilham Kurniansyah said in a statement […]
Read MoreThe Finance Ministry has revoked a regulation on tax treatment for e-commercetransactions amid pushback from digital economy players. Finance Ministerial Regulation No. 210/2018, which was signed by Finance Minister Sri Mulyani Indrawati on Dec. 31, was originally meant to be enforced on April 1. It mandates online marketplaces to collect several pieces of information, such as tax numbers (NPWP) and […]
Read MoreThe Transportation Ministry is preparing a new regulation on airfares because the government is unhappy with the move by several airlines to lower their ticket prices. The ministry’s spokesman, Hengki Angkasawan, said on Wednesday the draft regulation was being prepared by its law department and the directorate general of civil aviation. “We can’t explain the […]
Read MoreCoordinating Maritime Affairs Minister Luhut Pandjaitan said he wants to push for the emergence of a new player in the jet fuel or avtur business in an effort to lower airfares and boost tourism in the country. One company that had expressed interest in becoming an avtur supplier is a joint venture firm established by publicly […]
Read MoreUSE of the local currency settlement (LCS) scheme between Indonesia and Thailand has grown substantially since its inception in late 2017, Bank Indonesia (BI) said in a statement on Monday. The LCS scheme promotes the use of local currencies to settle transactions between related parties to boost international trade and investment between countries and reduce […]
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