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foreign-exchange-earning

Tourism minister eyes $18 billion in revenue this year, beating target
Economy 4 months ago

PREMIUM
Tourism minister eyes $18 billion in revenue this year, beating target

The Tourism Ministry, along with the Transportation Ministry, is upbeat about the coming peak travel season over Christmas and New Year's, expecting both visitor numbers and revenue to exceed initial targets to reach a projected 15 million arrivals and $18 billion in forex earnings.
Why the 100 percent export forex retention policy is a game changer
Academia 1 year ago

PREMIUM
Why the 100 percent export forex retention policy is a game changer

While the new regulation represents a major shift, it is ultimately a strategic move to ensure that Indonesia’s wealth benefits its own economy rather than being held in foreign financial markets
Natural resource exporters in dark over BI forex plan
Business 5 years ago

Natural resource exporters in dark over BI forex plan

“Frankly speaking, we haven't been asked about our opinion of the plan,” said Indonesian Coal Mining Association (APBI) executive director Hendra Sinadia.
Indonesia faces trade remedies from partners, risks $1.9b losses
Business 5 years ago

Indonesia faces trade remedies from partners, risks $1.9b losses

The country is currently facing 10 antidumping and six safeguard investigations that involve main trading partners.
Govt lowers expectations for tourism revenue
Business 7 years ago

Govt lowers expectations for tourism revenue

The government has lowered this year’s revenue target for the tourist industry but still expects 20 million arrivals.
New policy offers reduced fixed deposit income interest tax for exporters
Business 7 years ago

New policy offers reduced fixed deposit income interest tax for exporters

The Finance Ministry has issued a new regulation on an new tax incentive that reduces interest income taxes for exporters that place their foreign exchange earnings as fixed deposits in Indonesia.
‘No tax cut for interests of foreign exchange earnings’
Business 7 years ago

‘No tax cut for interests of foreign exchange earnings’

The Finance Ministry is revising a regulation to provide incentives for exporters to put their foreign exchange earnings into the country’s financial system, but an official has said the incentive would not be a tax cut for the interests of the depositors.
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