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Very generous tax rules are among the incentives the government is considering to lure global investors to take part in developing the country's inaugural financial hub.
3 hours agoExperts warn that without the intensive mentoring long associated with microfinance, an area in which the Red and White Cooperatives still lag, the loans risk turning into bad debt. ...
21 hours agoThe Finance Ministry has announced that the capacity of the Coretax platform will be expanded gradually this month to handle all tax-related matters, in an aim to enable better oversight, data accuracy and administrative effectiveness, as well as to increase taxpayer confidence. ...
1 day agoIndustry Minister Agus Gumiwang Kartasasmita said the disciplinary action would vary depending on the results of the ongoing investigation.
2 years agoThe Trade Ministry aims to conclude agreements with a range of countries this year in its endeavor to diversify trade relationships.
2 years agoThe move seen by environmental groups as failure to held polluters accountable and risked leaving damaged lands in other areas unattended.
2 years agoIndonesia posted the lowest budget deficit in years, but experts say the smaller-than-planned gap between state revenue and state expenditure also means the government could have done more to support economic growth.
2 years agoIndonesia is aiming to reduce its reliance on gas imports by building natural gas distribution networks throughout the country.
2 years agoFollowing a so-called transition period of five years, the government has kicked off 2024 by imposing a 10 percent e-cigarette tax, sparking opposition from industry players.
2 years agoHaving more stations will lead to a longer overall travel time due to additional stops, experts warn.
2 years agoPeople living in the city and its surroundings will likely remain reliant on private vehicles, experts say, citing an urgent need for a drastic improvement of the public transportation system.
2 years agoAs the police revise the death toll from the Morowali nickel smelter furnace explosion on Christmas Day, the government is increasing scrutiny of work safety amid calls for regular audits.
2 years agoThe government expects an uptrend in underground mining to take hold in the country as surface mineral reserves continue to decline.
2 years agoAccording to experts, implementing carbon capture and storage (CCS) in Indonesia within five years will be challenging because of the high costs of the novel technology and low expectations for scaling up.
2 years agoBank of Japan Governor Kazuo Ueda said on Monday the likelihood of achieving the central bank's inflation target was "gradually rising" and it would consider changing policy if prospects of sustainably achieving the 2 percent target increase "sufficiently".
2 years agoAnalysts say President’s son was "assertive" despite making "incorrect answers".
2 years agoMinistry of Communications and Informatics Republic of Indonesia (Kominfo) has published Pemiludamaipedia. Similar to an encyclopedia, Pemiludamaipedia consists of all the information regarding the presidential election, legislative election and regional head elections that will occur in 2024.
2 years agoBank Indonesia (BI) expects to keep its benchmark interest rate at 6 percent for at least six more months to keep inflation at bay, in addition to ensuring rupiah stabilization.
2 years agoNine new renewable energy projects worth a combined Rp 51 trillion have seen their financing dry up as a result of international lenders' unwillingness to meet government local content requirements, state-owned electricity company PLN said on Tuesday.
2 years agoDaihatsu said Wednesday it would suspend domestic and overseas shipments of all its vehicles in light of an independent panel's report that found it had been manipulating tests as long ago as 1989.
2 years agoThe independent probe found the malpractice dated back to 1989 and led Toyota to express its "sincere apologies" and pledge to carry out "a fundamental reform".
2 years agoThe recall covers 2020 through 2022 model year vehicles including various Avalon, Camry, Corolla, RAV4, Lexus ES250, ES300H, ES350, RX350 Highlander and Sienna Hybrid vehicles and could result in the Occupant Classification System (OCS) sensors not working. It includes 1 million vehicles in the United States.
2 years agoIndividual aircraft deliveries to China that were suspended in 2019 after two deadly crashes still need approval from China's National Development and Reform Commission (NDRC), the report said.
2 years agoA planned carbon tax is expected to impact state-owned electricity firm PLN’s business, but experts say the levy could benefit the electricity sector overall, despite initially higher energy costs.
2 years ago"Daihatsu decided today to temporarily suspend shipments of all Daihatsu-developed models currently in production, both in Japan and overseas," the auto titan said in a statement following a report by an independent panel.
2 years agoVietnam had been the prime destination for Indonesia’s lobster larvae exports and according to the Maritime Affairs and Fisheries Ministry, 99 percent of shipments went to that country.
2 years agoIndonesia, trailing its neighbors in the electric vehicle (EV) race, is stepping on the gas with a package of tax incentives aimed at revving up its domestic industry, a government official has said.
2 years agoThe move comes after an order in October from the US International Trade Commission (ITC) that could bar Apple from importing its Apple Watches after finding the devices violate medical technology company Masimo's patent rights.
2 years agoAnalysts have urged finalizing the prolonged discussions over a Coordination of Benefits (COB) scheme, which they say will reduce public-private competition and ultimately help the government toward achieving its universal health coverage goal, alleviate risk for private insurers as well as ensure better health benefits for all.
2 years agoThe Asian Development Bank (ADB) will focus its Energy Transition Mechanism (ETM) financing program to achieve a financial close for the Cirebon-1 early retirement project transaction in the first half of 2024.
2 years agoAccording to Kadin department head of monetary policy and financial services Tigor M. Siahaan, one expatriate could create at least 20 jobs for local people.
2 years agoIndonesia’s presidential candidates clashed over national fertilizer shortages at Tuesday’s inaugural debate of the 2024 campaign, with the three trading blame and using the problem to highlight broader policy differences.
2 years agoIndonesia will grant automakers that plan to build electric vehicle plants tax incentives on their imports of completely built-up EVs until 2025, a new presidential regulation showed as Jakarta seeks to attract more investment.
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