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Indonesia

AirAsia plane disappeared: Storm clouds may be key clue

JAKARTA: Unlike Malaysian Airlines flight MH370, the spectre that haunts the world of aviation even as it stresses the relative safety of flying, this disappearance has not been accompanied by puzzling patterns of behaviour from the flight deck or radar. But on Sunday night, for the second time in less than a year, hundreds of passengers appeared to have perished ... Read More »

Singapore’s port operator joins hands with Japanese companies to build Jakarta terminal

SINGAPORE: PSA International, Singapore’s port operator has joined hands with Indonesia’s largest port operator and two Japanese Companies to build and start operating a terminal in Indonesia’s capital Jakarta. Inadequate infrastructure development has for years been a major challenge for Indonesia, Southeast Asia’s largest economy, and this partnership hopes to benefit from the urgent need for higher container port capacity. ... Read More »

Indonesian woman sentenced to death for smuggling 1.6kg methamphetamine

GEORGE TOWN: The Malaysian High Court has sentenced an Indonesian woman to death for trafficking in more than 1.6kg of methamphetamine last year. Yunita, 33, held her hands up to her face, bowed her head to her knees and broke down when Judicial Commissioner Datuk Nordin Hassan meted out the death. Nordin found Yunita, who worked as a religious tour ... Read More »

Indonesia all set to increase import duties on textile finished goods

JAKARTA: Indonesian government has finally decided to increase the import duties on all textile finished goods under the most favored nation rule, the World Trade Organization (WTO) allows its members to apply import duties of up to 40 percent. The policy will cover 741 items out of 1000. The step will support their goal to reach an ideal tariff system ... Read More »

Indonesian aviation opposes ASEAN’s single market policy

JAKARTA: Indonesia’s aviation industry has opposed the ASEAN Economic Community’s (AEC) plans for a single market by the end of next year unless the government helps reduce airlines’ costs by simplifying tax codes, curbing airport inefficiencies and reducing the cost of jet fuel, executives from airlines operating in the country said. Under the AEC framework, the Association of Southeast Asian ... Read More »

Indonesian govt urged to launch Tax Amnesty Scheme to attract overseas investment

JAKARTA: A leading business community of Indonesia has requested its government to initiate a Tax Amnesty Scheme for the better development of the country and omit all the pervious taxes and penalties so that the overseas money of Indonesia would come in the country for positive development. Hariyadi Sukamdani, the chairman of the Indonesian Employers Association, or Apindo, made the ... Read More »

Indonesian aviation opposes ASEAN’s single market policy

JAKARTA: Indonesia’s aviation industry has opposed the ASEAN Economic Community’s (AEC) plans for a single market by the end of next year unless the government helps reduce airlines’ costs by simplifying tax codes, curbing airport inefficiencies and reducing the cost of jet fuel, executives from airlines operating in the country said. Under the AEC framework, the Association of Southeast Asian ... Read More »

Indonesia allocates $79.98m to develop 20 seaports, 10 airports

JAKARTA: The Transportation Ministry has allocated a total of Rp 1 trillion (US$79.9 million) from the state budget since 2005 to develop the 20 non-commercial seaports, including Kalatoa in South Sulawesi, Malenge in Central Sulawesi, Paniti in North Maluku, Melano in West Kalimantan, Karimun Jawa in Central Java and Pokai in West Sumatra, according to the Transportation Ministry’s dredging project ... Read More »

Indonesia, China, Malaysia sugar import reach 1m tonnes

JAKARTA: Malaysia, China and Indonesia have imported more than one million tonnes of sugar from top exporters Brazil and Thailand for December delivery, revving up trade deals in the region, dealers Of the nearly 1 million tons of imports by China, Malaysia and Indonesia, Beijing alone has bought about 600,000 tons – 416,000 tons from Brazil and 180,000 tons from ... Read More »

Indonesia Customs to increase import duties on finished good

JAKARTA: Indonesian government has decided to raise import duties on all kind of finished goods to give a supportive hand to its economy while keeping the import duties rates of other countries into mind. For emerging economies, the tariffs are usually of significant use, serving as a means to manage imports and provide room to expand particular industrial sectors. Indonesia ... Read More »

Japan, Singapore consortium to build new terminal in Jakarta with annual capacity of 1.5m teu

JAKARTA: A Japanese-Singaporean consortium has been given the go ahead to build a new terminal in the Indonesian capital. The new terminal will have an annual handling capacity of approximately 1.5m teu, an overall berth length of 850 m, and a 16 m draft upon completion. PT Pelabuhan Indonesia II (IPC), Mitsui & Co, shipping line Nippon Yusen Kaisha and ... Read More »

Indonesia Bank to keep Rupiah between 11,900-12,300 against US dollar

JAKARTA: Indonesia’s central bank deputy governor said that the country’s economic fundamentals are “sound” and government is trying its best to keep the progress on right track as central bank was continued to intervene in the currency market to bring the rupiah at a level stronger than 12,300 against the US dollar. Bank Indonesia would prefer to keep the rupiah ... Read More »

Lawyer of NZ’s alleged drug smuggler demands interrogation in his presence

BALI: Human Rights lawyer Craig Tuck  has been appointed as the lawyer of alleged New Zealand national drug smuggler Antony de Malmanche to defend his case facing the death penalty in Bali. Carig Tuck has concerned over police interrogated his client without his present. Antony Glen de Malmanche, 52, from Wanganui, was arrested at the international airport in Denpasar on December ... Read More »

Indonesia, Singapore agree to step up sharing of tax information

SINGAPORE: Indonesia and Singapore have agreed to step up efforts to share tax-related information to tighten loopholes on tax evasion in each other’s countries, Indonesia’s finance ministry said. Indonesia and Singapore have had an agreement to exchange tax-related information upon request, including data from financial institution and individuals, since 1992. The mechanism should start as early as 2017, or at ... Read More »

Indonesia auto sales witness 18.4% decline

JAKARTA: Indonesia’s auto sales for the third straight monthly declined in November to 18.4 percent following hike in fuel prices, showed data from industry association Gaikindo. On a monthly basis, sales also fell 13.4 percent compared with a 2.6 percent increase in October. Rupiah depreciation also weakened demand for Completely Built Up (CBU) cars. In November, Toyota Motor Corp led ... Read More »

Indonesia, Singapore join hands to exchange tax information

JAKARTA: Indonesia and Singapore have agreed to step up efforts to share tax-related information to tighten loopholes on tax evasion in each other’s countries, Indonesia’s finance ministry said. The commitment came after a meeting between Indonesian Finance Minister Bambang Brodjonegoro and his counterpart Tharman Shanmugaratnam in Singapore. Indonesia and Singapore have had an agreement to exchange tax-related information upon request, ... Read More »

Coal production to reach 450 million tonnes in Indonesia

JAKARTA: Indonesian coal output is expected to be around 450 million tonnes in 2015, compared with a previous target of 425 million tonnes, Bambang Tjahjono Setiabudi, the director for coal at the Mining Ministry, told Reuters. One of the world’s biggest exporters of thermal coal ships about $2 billion worth of coal a month. Coal production this year is expected ... Read More »

Russian woman may face death penalty on smuggling drugs in Indonesia

BALI: A young Russian woman, who arrived on a flight from Hong Kong, has been arrested in Bali for allegedly attempting to smuggle crystal methamphetamine into the resort island may faced the death penalty , said customs officer. Aleksandra Magnaeva, 26, was detained Sunday after arriving in Bali on a flight from Hong Kong with 2.1 kilograms (4.6 pounds) of ... Read More »