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Gaikindo

B40 biodiesel plan delayed again on high CPO prices
Regulations 3 years ago

PREMIUM
B40 biodiesel plan delayed again on high CPO prices

The Energy and Mineral Resources Ministry said it would "prioritize stability" amid rising crude palm oil (CPO) prices.
Govt extends tax cuts for purchase of new cars
Business 4 years ago

PREMIUM
Govt extends tax cuts for purchase of new cars

The government will charge no luxury tax (PPnBM) on the purchase of new cars with engines below 1,500 cc in size until the end of August as it has extended by three months a waiver introduced earlier this year. Meanwhile, a 50 percent luxury tax cut will apply in the last quarter of the year.
Car sales dip 7% in April despite expanded tax cut
Business 4 years ago

PREMIUM
Car sales dip 7% in April despite expanded tax cut

In March, car sales surged 70 percent from the previous month to 84,915 units after the government implemented the first tax cut for cars with engine capacities under 1,500 cc.
Car sales surge 70% after luxury tax cut
Business 4 years ago

PREMIUM
Car sales surge 70% after luxury tax cut

Nearly 85,000 cars were sold domestically in March, up 72.5 percent from the previous month, after a luxury tax cut came into effect in Indonesia.
Analysts warn luxury car tax cut 'off target'
Business 5 years ago

PREMIUM
Analysts warn luxury car tax cut 'off target'

Analysts are skeptical that the latest luxury tax scheme will help boost new car sales when it is enacted on March 1, saying that it won't improve consumer buying power, although Gaikindo seems optimistic.
Pent-up demand boosts Indonesia car sales in November
Business 5 years ago

PREMIUM
Pent-up demand boosts Indonesia car sales in November

Car wholesales rose by 9.84 percent month-to-month to 53,844 vehicles in November.
Indonesia to build $116.5m vehicle test site to capture ASEAN market
Business 5 years ago

Indonesia to build $116.5m vehicle test site to capture ASEAN market

The proving ground will test Indonesia-made motorcycles, three-wheelers, cars, buses and trucks in accordance with the international benchmark United Nations Regulation (UNR) on vehicles.
Gaikindo projects car sales to remain slow next year, expects gradual recovery
Business 5 years ago

Gaikindo projects car sales to remain slow next year, expects gradual recovery

Gaikindo projects domestic car sales in 2021 to hit 800,000 vehicles, lower than last year’s wholesale figure of 1.03 million.
No tax break for new cars, Sri Mulyani says
Business 5 years ago

No tax break for new cars, Sri Mulyani says

Previously, Industry Minister Agus Gumiwang Kartasasmita urged the finance minister to suspend the new car tax until December to boost faltering car sales.
Car sales rise strongly in September amid massive year-on-year drop
Business 5 years ago

Car sales rise strongly in September amid massive year-on-year drop

Car wholesales are continuing their upward trend after crashing to the lowest point in May as the government has sped up stimulus disbursement to boost purchasing power while the Jakarta administration has loosened the reins on measures to contain the coronavirus.
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