SINGAPORE (BLOOMBERG) – Alibaba Group Holding is in talks to make a major investment in Indonesia’s PT Tokopedia, people familiar with the matter said, potentially scoring a second deal to accelerate its expansion into Southeast Asia’s largest economy. The Chinese company is in negotiations to lead a funding round in Indonesia’s largest online marketplace of […]
Read MoreJAKARTA — World Bank Group President Jim Yong Kim said on Tuesday that Indonesia needs to nearly its double public spending on infrastructure and bring in more private investment to fill an infrastructure gap of $500 billion in the next five years. Mr Kim said Indonesia’s population was growing faster than those in China, India, Vietnam and Thailand, which was putting even more strain […]
Read MoreTEMPO.CO, Jakarta – Workers who are members of the Indonesian Trade Unions Confederation(KSPI) reject the government’s plan to lower the limit of non-taxable income (PTKP), arguing it will further burden of people with low-income. KSPI President Said Iqbal said in Jakarta, Sunday that the government should focus on taxing more from big taxpayers, especially people and businesses who still owe taxes. He argued further that the low-income workers still have lo purchasing power, […]
Read MoreMANILA — Most Southeast Asian stocks fell on Friday, in line with Asian markets, after the European Central Bank and the Bank of Japan kept rates steady and signalled that they were in no hurry to start unwinding their massive stimulus programmes. Asian markets edged down, with MSCI’s broadest index of Asia-Pacific shares outside Japan, […]
Read MoreTEMPO.CO, Balikpapan – President Jokowi says that he is currently waiting for results of the assessment of three provinces which will replace Jakarta as the capital of Indonesia. The study conducted by the National Development Planning Agency (Bappenas) will see several aspects such as disaster vulnerability, economic factor, social and political factors, and the infrastructure. Jokowi admits that he cannot reveal the locations to avoid land speculation that could potentially complicate matters even further. “People would […]
Read MoreTEMPO.CO, Jakarta – Business Competition Supervisory Commission (KPPU) Chairman Syarkawi Rauf admits that the level of economic inequality in Indonesia is in a very worrying state. “The inequality in Indonesia is nearly reaching [the level of disparity in] several African countries,” said Syarkawi today, July 14. According to Syarkawi, this phenomenon can happen because of several reasons. […]
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