TheJakartaPost
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The government should immediately issue all necessary regulations to allow its 12 economic stimulus packages to be fully implemented, Indonesian Chamber of Commerce and Industry (Kadin) chairman Rosan P. Roeslani says.
What is wrong? Initially the packages raised high expectations as it was believed that the government under President Joko “Jokowi” Widodo would miraculously drive up economic growth. Why did the initially bullish climate turn sour? This is of course a delicate question taking into account the global economic malaise, but the Indonesian economy does not only depend on exports.
Real estate investment trustees (REITs) investors need to be extra-patient waiting for the tax incentives promised in the fifth economic stimulus package, as they must first wait for regional governments to cut building and land acquisition taxes (BPHTB).
