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View all search resultsPresident Prabowo Subianto, who often arrives at the presidential office in a locally produced Maung vehicle, has renewed his promise to create Indonesia's first official national car within the next three years. Whether he can succeed where his predecessors failed remains uncertain, as both Soeharto and Joko "Jokowi" Widodo saw their own national car dreams fade due to political and economic missteps.
When the government completes rewriting the official national history, scheduled for August, do not expect too much change on topics that are too politically sensitive to be written in a more honest and objective way. The more recent history will likely be much trickier to write, and to read, for that matter, as many of the (bad) actors are still alive.
Tax incentives can be categorized into four types, namely exemption from tax imposition, reduction of tax base, reduction of tax rate and tax deferral. In essence, a tax incentive policy is the government's effort to ensure that the economy continues to run and grow, as well as encouraging taxpayers to remain compliant both formally and materially.
As of the end of 2024, Indonesia's economy remains solid, demonstrated by a growth rate still above 5 percent, with a cumulative growth rate of 5.03 percent as of the third quarter (Q3) of the year. This is accompanied by controlled inflation, within the target range of 2.5 percent ±1 percent, with November 2024 inflation at 1.55 percent year-on-year (yoy). Household consumption also continues to grow strongly and is expected to increase to above 5 percent this year.
The Customs and Excise Directorate General collaborated with the Directorate of Narcotics Crime’s (Dittipid) Criminal Investigation Department under the Indonesian National Police to uncover a clandestine narcotics laboratory in Malang, East Java, on Tuesday.
The Directorate General of Culture of the Ministry of Education, Culture, Research, and Technology has successfully and triumphantly organized the National Culture Week (PKN) 2023, which took place from October 20th to 29th.
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