JAKARTA: Indonesia aims to make the use of biodiesel blended fuels compulsory for all vehicles and heavy machinery from Sept. 1, Renewable Energy Director General Rida Mulyana said on Wednesday, amid efforts to reduce the current account deficit in Southeast Asia’s biggest economy. President Joko Widodo in a cabinet meeting a day earlier said he […]
Read MoreThe Central Statistics Agency (BPS) announced on Wednesday that the July inflation rate stood at 0.28 percent, safely within the 2018 state budget projection. The figure brings the year-to-date (ytd) inflation to 2.18 percent and 3.18 percent year-on-year (yoy). July inflation was slightly higher than the inflation figure in the same month last year, which […]
Read MoreThe government policy to cut the income tax for small and medium enterprises (SMEs) from 1 percent to 0.5 percent has been in effect since July 1, and a tax official has said the facility can be enjoyed starting Aug. 1 on the previous month’s sales. The reduced income tax facility applies to SMEs with maximum annual sales of […]
Read MoreFinance Minister Sri Mulyani Indrawati has said the ministry would study a request made by Tourism Minister Arief Yahya, to revise down the minimum amount tourists would need to spend in a store to get a tax refund. “We will study the request for a revision of the tax refund regulation,” Sri Mulyani said in Jakarta on […]
Read MoreBank Indonesia is now working to reach its target for quick response (QR) code payment standardization, which is expected to be completed this year, a BI official has said. BI electronification and national payment gateway deputy director Aloysius Donanto said on Monday that the central bank was working with payment providers to conduct the test […]
Read MoreThe Energy and Mineral Resources Ministry has stressed that it will not cancel its policy on the domestic market obligation (DMO) for coal, as the government wants to ensure supply of the commodity to meet domestic demand. “It is unlikely that the domestic market policy on coal sales will be revoked because of the domestic […]
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