TheJakartaPost
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The scheme will offer interest rates as low as 0.5 percent to regional administrations with eligible projects and will be channeled through state-owned infrastructure financing firm PT Sarana Multi Infrastruktur (SMI).
The new finance minister has become an inadvertent disrupter of a decade-long loyalty entrenched in the bureaucracy through his policies, grounded in economic rational, creating both hope among the public and a test for the President.
The Finance Ministry seeks to fix software bugs and faulty infrastructure in its new online tax system in time for next year’s filing season to prevent a repeat of complaints and delays experienced earlier this year.
The government has set its sights on turning Bali into a global financial hub as it seeks to move forward with the family office plan thought up by the previous presidential administration, but there are doubts as to whether the resort island is cut out for such a role.
