Although income tax for Micro, Small and Medium Enterprises (MSMEs) has been reduced from 1 percent to 0.5 percent, the MSME entrepreneurs consider the tax is still too high. “We request (to President Joko “Jokowi” Widodo) to make it equal to that in China, which in 2020 the income tax for micro and small businesses […]

In a bid to formulate good regulations to support small businesses in the country, President Joko “Jokowi” Widodo welcomed the representatives of Micro, Small and Medium Enterprises (MSMEs) associations at the Merdeka Palace, Jakarta, Tuesday (18/6). The associations participated in the meeting are the Indonesian Micro and Small Businesses Association (Hipmikindo), the Indonesian Small and […]

Minister of Finance Sri Mulyani Indrawati asserted that the Government continues to manage the debt prudently and accountably so that the country’s foreign debt remains at a safe level. The Minister made the statement during a Working Meeting with the National Development Planning Agency (Bappenas), the Central Statistics Agency (BPS), Bank Indonesia (BI), and Financial […]

Cabinet Secretariat received an Unqualified Opinion (WTP) from the Supreme Audit Agency (BPK) for its 2018 financial report. The official statement was handed over by BPK Member Achsanul Qosasi to Deputy Cabinet Secretary Ratih Nurdiati at the BPK office, Jakarta, Monday (17/6). The Cabinet Secretariat manages to gain Unqualified Opinion for seven consecutive times, since […]

The Government is considering and planning to build correctional facilities on remote islands just for corruption, terrorism, and narcotics convicts. “Indonesia has approximately 17,000 islands, in which 11,000 of those are inhabited islands, while the remaining 6,000 are uninhabited islands,” Coordinating Minister for Political, Legal, and Security Affairs Wiranto said at the Coordinating Ministry’s office, […]

Selection Committee for prospective Corruption Eradication Commission (KPK) commissioners for the 2019-2023 period will involve various institutions, Chairperson of Selection Committee Yenti Ganarsih has said. The National Police, the Attorney General Office, the Corruption Eradication Commission, the National Intelligence Agency, the National Agency for the Eradication of Terrorism (BNPT), the National Narcotics Agency (BNN) are […]

Japanese electronica giant Sharp and South Korean electronics giant LG have announced plan to relocate a number of their factories from Thailand and Vietnam to Indonesia, Ministry of Industry has reported. “This will provide a large amount of employment,” the Ministry’s Director of Electronics and Telematics of Janu Suryanto said as quoted in a press […]

Report from Ministry of Finance and Bank Indonesia stated that Indonesia’s external debt is manageable with solid structure. The external debt at the end of April 2019 stood at USD389.3 billion, consisted of a USD189.7 billion government and central bank debt and a USD199.6 billion private debt (including state-owned enterprises). Indonesia’s external debt, according to […]

Ahead of the selection process for new commissioners of the Corruption Eradication Commission (KPK) for period of 2019-2023, President Joko “Jokowi” Widodo said that he fully trusts the Selection Committee (Pansel) to choose the best candidates. “The President has called on us (the KPK selection committee) to carry out the mandate in choosing the best […]

The Indonesian Government and Japanese oil and gas giant INPEX have signed Head of Agreement (HoA) for the development of upstream oil and gas field Masela block in the Arafuru Sea, Maluku in eastern Indonesia. The agreement was signed by Head of the Indonesian Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) Dwi […]