A taxpayer in Jagakarta, South Jakarta, has complained about a 100 percent increase in his property tax this year and called on the Jakarta administration to revise its policy. Using the Twitter handle @hotelsyariahJKT, the taxpayer posted two bills for land and building tax (PBB) for his property. The 2017 bill shows a total PBB of Rp 15,945,350, while the […]
Read MoreBank Indonesia (BI) decided to hold its key rate in July as it remained confident that the current rate is still attractive to foreign investors amid uncertainties in the global liquidity market. Following a two-day board of governors meeting, the central bank announced that the BI seven-day reverse repo rate was maintained at 5.25 percent, […]
Read MoreThe government plans to increase the subsidy for Solar-branded diesel fuel to Rp 2,500 (US 17 cents) per liter in 2019, from the current subsidy of Rp 500 per liter. Solar costs Rp 5,150 per liter at the current subsidized rate Finance Minister Sri Mulyani Indrawati said on Wednesday that the increased subsidy was possible upon projections […]
Read MoreIndonesia will soon auction 16 mining sites as no proposal submissions have been submitted by state-owned enterprises (BUMN) and regional administration-owned enterprises (BUMD) as of the submission deadline on Tuesday. Under Energy and Mineral Resources Ministerial Regulation No 11/2011 on the proposal submission procedures for the operation of coal and mineral resource sites, BUMNs and BUMDs are given priority to submit proposals. […]
Read MoreDutch energy giant Shell is eyeing the liquefied natural gas (LPG) market in Indonesia and is in the process of obtaining an import permit, an official has said. Energy and Mineral Resources Ministry Oil and Gas Director General Djoko Siswanto said on Tuesday that Shell was preparing facilities like storage and regasification in Indonesia as well as cargo ships. […]
Read MoreIndonesian and Indian businesspeople signed on Monday a business-to-business agreement on palm oil to build communications between producers and consumers of the commodity. The agreement, a memorandum of understanding (MoU) on sustainable palm oil production, was signed by the Indonesian Palm Oil Board (DMSI), the Solvent Extractors Association (SEA) of India and civil society organization Solidaridad […]
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