Indonesia

August 13, 2016

Indonesia: Indonesian president approves plans to form state holding companies: minister

Indonesia: Indonesian president approves plans to form state holding companies: minister Saturday, 13 August 2016 – Indonesia’s president Joko Widodo has approved plans to create holding companies for state firms in oil, mining, financial services and food sectors, State-Owned Enterprise minister Rini Soemarno told reporters on Friday. “The president hopes the future industrial development will […]

August 12, 2016

Indonesia: Indonesia cuts property tax in bid to boost home sales

Indonesia: Indonesia cuts property tax in bid to boost home sales Friday, 12 August 2016 – Indonesia is cutting in half a tax on home sales from September, according to a presidential regulation, a move that should help the country?s property sector. The sellers of homes will be subject to a final tax of 2.5% […]

August 11, 2016

Indonesia: Indonesia employs Chinese celeb to attract tourists

Indonesia: Indonesia employs Chinese celeb to attract tourists Thursday, 11 August 2016 – Indonesia has appointed Canadian-born Chinese actress Christy Chung to act as a tourism ambassador for the country. The Antara news agency reports that Ms Chung, who has starred in movies alongside Jet Li and Jackie Chan, will work with the ministry on […]

August 10, 2016

Indonesia: Indonesian President mulling cutting corporate tax rate to 17% to match Singapore

Indonesia: Indonesian President mulling cutting corporate tax rate to 17% to match Singapore Wednesday, 10 August 2016 – Indonesia’s President Joko Widodo is considering cutting the corporate tax rate to 17 per cent from 25 per cent to match Singapore’s tax rate, he has said. “The thinking is simple. If Singapore’s corporate income tax is […]

August 9, 2016

Indonesia: Indonesia-Malaysia banking deal

Indonesia: Indonesia-Malaysia banking deal Wednesday, 3 August 2016 – Indonesia and Malaysia have agreed to give their banks greater access to each other?s markets, part of wider integration efforts among South-East Asian economies. The move would link the two largest Islamic banking sectors in the region, and give Malaysian banks a potential lead in accessing […]

August 9, 2016

Indonesia: Indonesia gears up for demand revival

Indonesia: Indonesia gears up for demand revival Tuesday, 9 August 2016 – Indonesian firms ranging from restaurant chains to snackmakers are stepping up investment and launching new products as improving economic conditions and easier access to credit drive a spurt in consumer demand in the country of 250 million people. Consumption, which typically makes up more […]

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