Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsBank Indonesia has been under pressure to support Prabowo's big-growth agenda, even as the rupiah slid to an historic low in June amid concern over Indonesia's fiscal management and central bank independence.
Replacing officials to save a falling rupiah is empty political theater; Indonesia’s true economic safety depends on fixing deep-seated structural issues like oil deficits, agricultural productivity and policy execution.
President Prabowo Subianto’s plan to swear in new appointees to his government following corruption-related dismissals feeds speculation about a possible broader cabinet reshuffle amid growing concerns over the economy.
The anxiety over Indonesia's tax amnesty is that the policy created a kind of legal catch-22: In its aim to close a past legal problem, it left the legal consequences open-ended, potentially creating a new legal past for the state.
The China Chamber of Commerce in Indonesia (CCCI) previously sent a letter to President Prabowo Subianto, detailing a range of complaints, from the mandatory retention of foreign exchange earnings (DHE) onshore to a recent crackdown on immigration.
Though the finance minister did not specify which countries would be exempted from the latest forex earnings rule, set to enter into force on June 1, this may apply to the US under the terms of the ART.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.