Govt to cut diesel subsidy on July 1, consumer price unchanged TUESDAY, 21 JUNE 2016 – The government will cut its diesel fuel subsidy allocation from Rp 1,000 ( US$0.075 ) to Rp 500 per liter on July 1. The new Rp 43.7 trillion represents a 31.4 percent allocation decrease. Energy and Mineral Resources (ESDM) […]
Read MoreRupiah Unaffected by Brexit, BI Says TUESDAY, 21 JUNE, 2016 – Bank Indonesia Governor Agus Martowardojo said that the Great Britain’s decision to remain or leave the European Union (Brexit) does not have a significant effect towards the Rupiah exchange rate. Agus said that during the opening of today’s trading session, Rupiah was traded at […]
Read MoreManufacturing, Service Sectors Need Expanding, World Banks Says TUESDAY, 21 JUNE 2016 – The World Bank urges Indonesia to expand the national manufacturing and service sectors. Indonesia’s role in the manufacturing sector has been relatively stagnant in the last 15 years with an average in growth rate of just 0.6 percent. Read More?
Read MorePefindo: Value of Indonesia’s Debt Paper to Reach IDR 90 trillion in 2016 TUESDAY, 21 JUNE 2016 – Indonesian credit rating agency Pefindo (Pemeringkat Efek Indonesia) says the value of issued debt paper in Indonesia may reach IDR 90 trillion (approx. USD $6.8 billion), up 34 percent from the IDR 67 trillion worth of debt paper that […]
Read MoreGovt, House set this year’s budget deficit at 2.35% GDP MONDAY, 20 JUNE 2016 – The government and the House of Representatives have set the budget deficit at 2.35 percent of gross domestic product (GDP) in the revised 2016 state budget, lower than the government’s initial prediction of 2.48 percent GDP in the draft budget. House […]
Read MorePolice to assist tax officers in collecting money MONDAY, 20 JUNE 2016 – The Finance Ministry’s taxation directorate general wants to strengthen cooperation with the National Police on issues ranging from tax collection to crime investigation. “The police will help tax investigators, starting from the collection of taxes to the investigation of crimes,” taxation directorate […]
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