Ahead of the ASEAN Summit in Bangkok, Thailand on 22-23 June, President Joko ‘Jokowi’ Widodo has announced intention to invite all ASEAN countries to unite in anticipation of the US and China trade war to maintain economic stability in the region. “It is very important to unite ASEAN countries,” President Jokowi said on his remarks […]

In a bid to attract more investment and increase Indonesia’s export value, the Government has announced plan to immediately provide massive tax cuts in several business sectors. Minister of Finance Sri Mulyani Indrawati on Wednesday (19/6) said that President Joko “Jokowi” Widodo has instructed Ministry of Finance to provide more tax incentives for several investment […]

Minister of Home Affairs Tjahjo Kumolo instructed Regional Governments to boost their Regional Budget (APBD) absorption due to the high amount of unused funds (SiLPA) on each province. “The average SiLPA of all provinces is almost Rp20 trillion,” Tjahjo said in Jakarta, Wednesday (19/6).

In a bid to boost the growth of property business, the Indonesian Government deemed it necessary to change the provisions on the limit of luxury residential values subject to luxury goods tax (PPnBM). Minister of Finance Sri Mulyani Indrawati on 10 June 2019 has signed Regulation of Minister of Finance Number 86/PMK.010/2019 on Amendment to […]

Indonesia’s state-owned oil and gas company PT Pertamina and Saudi Arabian largest oil company Saudi Aramco have agreed to extend cooperation to revitalize the Cilacap Refinery. “Pertamina and Saudi Aramco have agreed to continue the cooperation in preparing the development of the Cilacap Refinery,” Minister of Energy and Mineral Resources Ignasius Jonan said after a […]

The Indonesian Government expects ASEAN countries to join hands in facing the escalating US-China trade war as it brings a huge impact on the ASEAN economy. “We should work together so that the dispute between the two economic giants will not harm ASEAN member countries,” said Deputy Minister of Foreign Affairs A.M. Fachir to reporters […]

Domestic flights of jet-type aircraft to outside Java will gradually be relocated from Husein Sastranegara Airport, Bandung to Kertajati West Java International Airport (BIJB), Majalengka Regency. “This relocation is carried out in stages, so that on 1 July 2019, all of these flights can be relocated,” Minister of Transportation Budi Karya Sumadi stated after conducting […]

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 […]