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Indonesia wants to lead region in e-commerce

JAKARTA: With other Southeast Asian countries already having prepared the ground for the digital economy to prosper, the Indonesian government has finally taken the initiative to spur the growth of e-commerce within its own boarders. Announced on Thursday evening, the 14th economic policy package will tackle eight issues that could determine the success of President Joko “Jokowi” Widodo’s goal of ... Read More »

Jokowi seeks investors for Indonesia’s airports

JAKARTA: Indonesia, under pressure to rein in its budget deficit, plans to sell minority stakes in some of the nation’s airports and ports to private investors as President Joko Widodo seeks investment to fund his ambitious infrastructure agenda. The government intends to sell as much as 45 per cent in 10 airports and 20 ports but will retain state control ... Read More »

Indonesia’s GDP grows by 5.02% in July-September

JAKARTA: Indonesia’s gross domestic product grew 5.02% on the year in the July-September quarter, preliminary data shows. That is slightly off the 5.19% pace in the April-June quarter, largely due to tepid government spending. The latest quarterly figure, released on Nov. 7 by Statistics Indonesia, did beat forecasts that expansion would fall short of 5%, thanks to stronger-than-expected consumption. The ... Read More »

Indonesian tobacco farmers fear export drop over WTO’s Oz decision

JAKARTA: Tobacco farmers in Indonesia are worried the country’s tobacco exports will drop if the World Trade Organization (WTO) finds in favor of Australia in its plain packaging policy for cigarettes. The Indonesian Tobacco Farmers Association (APTI) told The Jakarta Post that although Australia was not the main trader for Indonesian tobacco, other countries may apply similar policies if it ... Read More »

Indonesian govt pushes Google to pay tax

JAKARTA: Director General of Tax Ken Dwijugiasteadi confirmed that Google Asia Pasific Pte Ltd will settle their tax debts by the end of 2016. The government has decided to negotiate with the company instead of filing a report to the police. ” must pay [their tax debts] this year, the company and the government will release a statement after the ... Read More »

Indonesia buys Canadian wheat

JAKARTA: An Indonesian miller bought 20,000 tonnes of high-quality Canadian wheat in a recent deal for February shipment, while the Philippines is seeking feed wheat and soybean meal, two traders said. Canadian Western Red Spring (CWRS) wheat with 13.5 percent protein content, used for making noodles among other products, was sold between $265 and $270 a tonne, including cost and ... Read More »

Four drugs suspects arrested traveling to China, Indonesia

JAKARTA: Officials of the National Drug Law Enforcement Agency have arrested four suspected drug traffickers smuggling narcotics weighing a total of 8.745 kilogrammes to China, Indonesia, and Qatar. In a statement on Friday, the agency said the suspects were arrested at the Murtala Mohammed International Airport, Lagos, with the drugs comprising cannabis 5.200kg, cocaine 1.415kg, and methamphetamine 2.130kg. Two of ... Read More »

Tata Motors inks pact with Indonesia’s Pindad for armoured vehicles

JAKARTA: ata Motors Ltd. has inked a pact with Indonesia’s state-owned enterprise PT Pindad to explore market potential of Tata-armoured vehicles in Indonesia and other agreed regions of ASEAN. The memorandum of understanding (MoU) also includes a study to check the feasibility of locally assembling Tata-armoured vehicles at PT Pindad’s facility in Bandung in West Java province of Indonesia. This ... Read More »

Indonesian consumers regain confidence in Q3

JAKARTA: Indonesian consumer confidence rose again in the third quarter of this year in line with their increasing confidence for the government’s recent economic policies, global research company Nielsen revealed on Wednesday. According to Nielsen’s Global Consumer Confidence Survey, the Indonesian consumer confidence index increased by three points to 122 in the third quarter from the previous quarter, an improvement ... Read More »

Indonesia offers 50% discount on income tax

JAKARTA: The government of Indonesia offers a new incentive to entrepreneurs in Indonesia’s footwear and textile (and textile products) sectors who employ at least 2,000 workers and export 50 percent of their total sales. Authorities give a 50 percent discount on income tax to those workers that earn a maximum IDR 50 million (approx. USD $3,850) per year. Both Indonesia’s ... Read More »

PLN withdraws two geothermal assets offered for auction by Chevron

JAKARTA: State-owned electricity company PLN is likely to withdraw its bid to take over two geothermal assets offered for auction by US-based energy corporation Chevron. PLN claims that Chevron has not provided it with the audited financial reports of its subsidiaries Chevron Geothermal Indonesia and Chevron Geothermal Salak, which operate the two geothermal assets PLN has been eyeing. To date, ... Read More »

Indonesia, Russia to stregthen existing good bilateral ties

JAKARTA: Indonesia and Russia have agreed to further strengthen the existing good ties in the fields of trade, industry, investment, energy, transportation, infrastructure, culture, tourism, high technology and health, a senior minister said. “By holding this business forum, the two countries will hopefully reach agreements on new businesses to enhance economic cooperation,” Coordinating Minister for Economic Affairs Darmin Nasution said ... Read More »

Indonesia must work harder to stop food imports: Jokowi

JAKARTA: President Joko “Jokowi” Widodo has urged the people of Indonesia to work hard to overcome the country’s need for food imports. “Last year, we imported rice, soy beans, corn, fruits, sugar and many others,” Jokowi said during a World Food Day event in Boyolali regency in Central Java on Saturday. World Food Day is observed every Oct. 16. Jokowi ... Read More »

Indonesia to delay plastics excise tax plan

JAKARTA: Indonesia will postpone its plan to impose an excise tax on various forms of plastics until a parlimentary hearing is scheduled, a finance ministry official told Reuters on Friday. The ministry originally planned to start imposing excise tax on everything made from plastics, including plastic packaging and bags, to reduce its usage as part of a revision to the ... Read More »

Google meets with Indonesian officials over tax bill

JAKARTA: A source with knowledge of the matter revealed that senior executives from Google’s Asia Pacific office met with Indonesian officials to discuss the company’s potential tax obligation in Indonesia. Google declined to comment on the meeting, but has maintained throughout an ongoing investigation that it continues to cooperate with authorities, and that it has paid all applicable taxes. Indonesia ... Read More »

Indonesia may abolish licensing system for onion & chilli imports

JAKARTA: A government official in Indonesia reported Tuesday 25 Oct., that the country may abolish the licensing system for importers of some food commodities and put in place a tariff system in order to open its economy. “At this moment, we are reviewing the trade regime for important commodities such as rice, sugar, beef, chillies, onions and two other commodities,” ... Read More »

Google executives met Indonesian officials to negotiate tax bill

JAKARTA: Senior executives from the Asia Pacific headquarters of Alphabet Inc’s (GOOGL.O) Google met Indonesian tax officials on Wednesday to negotiate the internet search company’s tax bill, a person with knowledge of the matter told Reuters. No agreement has been reached yet, said the person, who declined to be named as the information was confidential. A Google spokesman declined to ... Read More »

Govt foils attempts to smuggle Rp 33.15b worth lobster seeds

JAKARTA: A joint team comprising personnel from the Finance Ministry, Maritime Affairs and Fisheries Ministry and the National Police has thwarted attempts to smuggle lobster seeds worth billions of rupiah from Indonesia to Singapore and Vietnam. “There’s good news. Attempts to smuggle 404,385 lobster seeds with potential financial losses of Rp 33.15 billion [US$2.55 million] to the state have been ... Read More »

Indonesia expects tax shortfall of $16.7b this year

JAKARTA: Indonesia expects a tax shortfall of Rp 218 trillion ($16.7 billion) this year, Finance Minister Sri Mulyani Indrawati said on Tuesday (25/10). “We’re looking at all potential tax revenues this year and we still see a tax shortfall of about 218 trillion rupiah,” Indrawati said at an event in Jakarta. “After the first period of the tax amnesty, our ... Read More »

OECD urges Indonesia to carry out tax reform

JAKARTA: Tax reform is among the necessary factors highlighted by the Organization for Economic Cooperation and Development (OECD) for the government to boost the economy in the long term, a senior minister has acknowledged. Coordinating Economic Minister Darmin Nasution said the OECD was concerned about low government spending in Indonesia due to limited state revenue. The low tax ratio in ... Read More »