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Indonesia: March retail sales up 6.1%: BI survey

Jakarta (ANTARA) – Bank Indonesia’s Retail Sales Survey (SPE) has indicated an increase in monthly retail sales in March this year compared to the previous month. “Real Sales Index (IPR) March 2021 grew 6.1 percent (mtm), increasing from the previous month’s growth of minus 2.7 percent (mtm),” executive director of the central bank’s communication department, […]

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Indonesia Is Considering to Tax Crypto Trading

Indonesia, which is the largest economy in Southeast Asia, is considering imposing taxes on cryptocurrency trading as demand in the sector is booming with the recent price rally. Neilmaldrin Noor, a spokesperson for the country’s tax agency, told Reuters that the Indonesian government is willing to strengthen its tax collections after the impact of the ongoing pandemic has drained […]

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Indonesian economy struggles to bounce back

JAKARTA: Indonesia’s economy contracted more than expected in the first quarter (Q1), as one of the fastest vaccine rollouts in South-East Asia hasn’t been enough to revive domestic demand. Gross domestic product (GDP) declined 0.74% in Q1 from a year ago, the statistics bureau said yesterday, worse than the median estimate of -0.65% in a […]

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Indonesia’s recession eases as government boosts spending, exports recover

JAKARTA (REUTERS) – Indonesia’s economy shrank for the fourth straight quarter in January-March but at a much more modest pace as the government boosted spending and higher commodity prices helped exports, statistics bureau data showed on Wednesday (May 5). The outlook, however, is being clouded by continued Covid-19 infections, which are weighing heavily on household consumption, […]

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