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View all search resultsThe appointment occurred as the government saw state revenue collection decline by 12 percent year-on-year (yoy) to Rp 810.5 trillion (US$49.62 billion) in first four months of this year from Rp 924.92 trillion in same period last year.
Appointing an active military officer who was implicated in the disappearance of pro-democracy activists in the late 1990s may hurt business actors and investors' confidence at a time when such confidence is already very low, observers have said.
Two figures with ties to the military, including an active officer, are expected to head the Finance Ministry's tax and customs offices by presidential appointment, though it is unknown when they will take up their new roles.
Bureaucratic hurdles in Indonesia complicate business procedures in various sectors, according to the newly released United States-Indonesia Investment Report 2024, including the import of medical devices and consumer electronics.
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