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Business 5 years ago
Govt to expand social aid, incentives to boost household demand, economy
Finance Minister Sri Mulyani Indrawati said on Wednesday the government would reallocate around Rp 70.8 trillion (US$4.85 billion) from existing ineffective stimulus packages to fund the social aid expansion and new incentives.
Business 5 years ago
Tourism Minister proposes further tax cuts, additional loans for hard-hit industry
Tourism and Creative Economy Minister Wishnutama Kusubandio has proposed a full exemption from corporate income tax for all firms in the tourist and creative economy sectors, as well as the provision of additional working capital loans, to aid the hard-hit industry during the global health crisis.
Business 5 years ago
Japanese companies hold firm on investment plans in Indonesia despite drop in sales, production
The JETRO survey, which illustrates the impact the pandemic has had on more than 350 Japan-based companies operating in Indonesia, shows that due to the pandemic, 80 percent of the companies have seen a decrease in sales, with 37 percent stating their sales had fallen to half their normal levels in this year’s second quarter.
Business 5 years ago
Indonesia to issue larger tax breaks to cover 11 more sectors
The 11 sectors are food, trade, electricity, oil and gas, mining and coal, forestry, tourism and the creative economy, telecommunications, logistics, transportation and construction, Finance Minister Sri Mulyani Indrawati said on Friday.
