Indonesia
Difficult to slash Indonesia’s benchmark interest rate: World Bank
JAKARTA: Despite the recent moderate inflation in Indonesia, cutting the benchmark interest rate is not an easy task due to...
Indonesian foreign debt climbs, long-term debt dominates
JAKARTA: Indonesia’s foreign debt has climbed by 6.3 percent year-on-year (yoy) in April 2016 to US$319 billion, as public-sector debt...
Indonesia Customs destroys liquor, cigarettes
JAKARTA: The Jambi Customs and Excise Office destroyed as many as 3,080 bottles of illegal local and imported alcohol, more...
Customs office foils illegal beef import from Oz, New Zealand
JAKARTA: The Customs and Excise Directorate General has announced that it managed to foil an alleged illegal import of seven...
Unilever Indonesia allocates Rp 2t in capex
JAKARTA: Consumer goods giant Unilever Indonesia has allocated Rp 2 trillion (US$150 million) in capital expenditure (capex) this year for...
Govt saves $3.9b by cutting coordinating minister office budgets
JAKARTA: The House of Representative’s budget committee has approved the budget cut proposed by three coordinating minister offices as part...
Indonesia steps up efforts to lure investment
JAKARTA: The Indonesian government strengthens efforts to attract foreign capitals and domestic investment as it expects investment to rise next...
Indonesia’s Exports, Imports seen improving in MAY, surplus at $680MN
JAKARTA: Indonesia's exports and imports are expected to decline in May but at a slower pace, with the size of...
Govt sets realistic tax target in revised 2016 state budget
JAKARTA: The government has set a more realistic tax revenue target of Rp 1.34 quadrillion (US$101 billion) in the revised...
Only 26.8% of tax revenues collected in first five months
JAKARTA: The government has only managed to collect 26.8 percent of its total tax revenue target set in the 2016...
PLN avoids ‘cost-plus’ coal pricing scheme for 2017 business year
JAKARTA: State-owned electricity firm PLN has underlined that the 'cost-plus' coal pricing proposed by the Indonesia Coal Mining Association (...
Indonesia’s economy to grow 6 pct next year: forecast
JAKARTA: Indonesia's national economic and industry committee (KEIN) has projected the country's economy to expand by 6 percent in 2017...
Govt allots Rp 1.6 trillion for energy security fund, oil reserve
JAKARTA: The government has allocated Rp 1.6 trillion ( US$119 million ) of the state budget for an energy security...
Three soldiers arrested for smuggling 2.6 tons of sugar from Malaysia
JAKARTA: Three members of the Indonesian Military ( TNI ) were arrested by the police on Friday while they were...
Bank Indonesia preps Rp160 trillion in cash for Ramadan and Idul Fitri
JAKARTA: Bank Indonesia ( BI ) has prepared Rp160 trillion ( US$11.7 billion ) in cash to replace worn-out notes...
BPS estimates inflation to stay below 1% until July
JAKARTA: The Central Statistics Agency ( BPS ) estimates that the inflation rate will increase during Ramadhan and the Idul...
Indonesia doubles beef imports to 27,000 tons ahead of Ramadhan
JAKARTA: The Trade Ministry has announced a beef import quota of 27,400 tons, far above the Agriculture Ministry’s recommendation of...
Indonesia govt expects tax amnesty to be applied in July
JAKARTA: Missing the initial deadline of May 31, the government has revised the deliberation deadline for the tax amnesty bill,...
Tax evasion crackdown pushing Indonesians back to cash from credit cards
JAKARTA: Indonesia's plan to track all credit card transactions in a bid to crack down on rampant tax evasion is...
Indonesia to ink oil, LPG import deal with Iran
JAKARTA: Indonesia expects to sign an initial deal on Sunday with Iran for the purchase of crude oil and liquefied...
