Ahead of simultaneous regional elections in 171 regions in Indonesia this year, President Joko ‘Jokowi’ Widodo has urged the people to keep unity despite differences in political choice. “We cannot let neighbors stop talking to each other, or the village split up (because of it),” President Jokowi said in his public lecture at Muhammadiyah University […]

On Monday (8/1) morning, at the meeting room of Cabinet Secretary, Building 3, Ministry of State Secretariat, Jakarta, Cabinet Secretary Pramono Anung hands over the 2018 Budget Implementation List (DIPA) and Operational Guidance of Activity (POK). These two documents to be used as abasis for using the budget and disbursing the fund so that programs […]

Of the total budget of Rp2,220 trillion in the State Budget (APBN) of Fiscal Year 2018, the Government as set forth in Attachment XIX of the Presidential Regulation (Perpres) Number 107 of 2017 on the Details of APBN of Fiscal Year 2018 has allocated Rp444.131 trillion for education. The budget consists of: 1. Education Budget […]

Energy and mineral resources sector is considered  to  play a significant role in safeguarding Indonesia’s financial stability in 2017. The amount of energy subsidy last year slightly exceeded the target of the 2017 Revised State Budget (APBN-P); yet, the contribution of energy and mineral resources sector for state revenues reports a much higher growth. Based […]

Ministry of Public Works and Public Housing has set a target to complete the Trans-Papua project by 2019. This 4,330 kilometers project is located at West Papua and Papua Provinces. At the moment, there is still 171.7 kilometers that needs to be developed. Although some are not asphalted, the opening of mountain roads will connect […]

The Indonesia Investment Coordinating Board (BKPM) will emphasize the quality in attracting investment throughout 2018 following the direction of President Joko “Jokowi” Widodo. Not only the quantity but also the quality of investment, which can make our workers go to classes to jobs that add greater value and provide higher income. In this regard, Head […]

The Government to conduct a ‘roadshow’ to disseminate regulations in Indonesia that have been improved, to investors and rating agencies in order to create a better investment climate. The statement was made by Minister of Industry Airlangga Hartarto after attending a Limited Meeting at the Merdeka Palace, Jakarta, on Friday (5/1). The Minister explained that […]

Indonesia’s non-gas and oil processing industry plays an important role in accelerating the country’s economic development as it brings positive domino effects, such as an increase in value added of domestic raw materials, job opportunities, and foreign exchange earnings from exports.  In addition, domestic manufacturing sector also gives the biggest contribution to taxes and excises. […]

Starting 1 January 2018, the Government of Saudi Arabia imposes 5 percent Value Added Tax (VAT) on food, clothes, electronics, gasoline, phone, water, and electricity bills, as well as hotel reservation.<