Bank Indonesia (BI) is intensifying efforts to stabilize the rupiah after its value against the US dollar bore the brunt of negative sentiments from the currency crisis in Argentina. BI Governor Perry Warjiyo said the central bank was upping the ante of its dual intervention policy in both the foreign exchange and secondary bond markets […]
Read MoreAs financial market meltdowns in Argentina and Turkey spread through global emerging markets, Indonesia is feeling the pain more than its peers in Asia. The rupiah slumped to its weakest level against the dollar since the 1998 Asian financial crisis, prompting the central bank to step up its efforts to stabilize the currency. Bank Indonesia has been […]
Read MoreThe Taxation Directorate General will spy on people’s activities through social media in trying to boost tax revenue, an official has said. “Social media covers wide range of activities […] We still need to prepare the infrastructure to support the plan,” Taxation Directorate General communication and information technology transformation director Iwan Djuniardi said in Jakarta […]
Read MoreTEMPO.CO, Jakarta – The Indonesian Government is set to limit imported items that are profusely filling the domestic market under a fiscal policy mechanism. This strategy is hoped to help improve the country’s trade balance and reduce the pressure from the predictably widened current account balance. “We have identified the items in question and we are reviewing at least […]
Read MoreThe government is drafting a regulation to tax plastic bags next year in its effort to reduce plastic waste. “So the excise is for plastic bags, not for plastic bottles,” Finance Ministry customs and excise director general Heru Pambudi said on Thursday at his office in Tangerang, Banten, as quoted by kompas.com. He said the regulation, the draft for which was being […]
Read MoreThe proposed 2019 state budget is designed to face a worst-case scenario of rupiah depreciation of up to 35 percent — Rp 18,000 per US dollar –, particularly related to anticipated ballooning government debt due to the rupiah weakening. Finance Ministry Budgetary Director General Askolani said the shock estimation was a stress test that could […]
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