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Benefits Of Outsourcing HR Services In Indonesia

JAKARTA: Outsourcing HR services in Indonesia allows you to grow your business faster. Whether it be outsourcing payroll, fulfilling tax compliance or hiring and terminating employees, engaging an outside agency frees you up to concentrate on what you are good at and can help make sure you find the right people the first time. Research shows that 75 percent of ... Read More »

Indonesia warns to retaliate against possible CPO export restrictions

JAKARTA:  Indonesian Trade Minister Enggartiasto Lukita said on Monday that Indonesia had set plans to retaliate possible restrictions on the nation’s Crude Palm Oil (CPO) exports to European Community (EC) and the United States. Speaking after his meeting with Vice President Jusuf Kalla, Lukita said he had asked for the mandate to implement the retaliation plans against countries supporting the ... Read More »

Indonesia $2.5t Economy by 2025

JAKARTA: Indonesia is currently at a critical juncture. On one hand, its economy, in nominal terms, has grown at a solid 9 percent compounded annual growth rate, or CAGR, over the last  five years, but a young and aspirational population makes sustaining that growth-momentum imperative. At the same time, President Joko “Jokowi” Widodo’s government is more than halfway into its current ... Read More »

Indonesia goes hi-tech in hunt for tax assets after amnesty

JAKARTA: Indonesia’s tax office plans to spend hundreds of millions of dollars to update its outdated technology to boost low tax compliance and raise revenue collection in Southeast’s largest economy, the country’s tax chief told Reuters. Indonesia completed one of the world’s most successful tax amnesties in 2017, but its very success has created headaches. The tax office has to use ... Read More »

Indonesia goes hi-tech in hunt for tax assets after amnesty

JAKARTA: Indonesia’s tax office plans to spend hundreds of millions of dollars to update its outdated technology to boost low tax compliance and raise revenue collection in Southeast’s largest economy, the country’s tax chief told Reuters. Indonesia completed one of the world’s most successful tax amnesties in 2017, but its very success has created headaches. The tax office has to ... Read More »

Indonesia to import 22kt of beef and offal for Ramadhan

JAKARTA: Indonesia’s Ministry of Agriculture has given a beef & offal import recommendation of 22,221 tonnes to importers to meet demand during the Ramadhan (fasting) month this year. I Ketut Diarmita, Director General of Livestock and Animal Health, said of the figure, the recommendation for beef is 20,957 tonnes while offal is 1264 tonnes. The imports are planned to be ... Read More »

Indonesia announces simpler regulation on tax holiday

JAKARTA: The Indonesian government on Monday announced that it would soon enact a new regulation on a tax holiday to simplify the procedure to allow investors to obtain the fiscal facility. Robert Pakpahan, the director general of taxation, said the new regulation would be signed by Finance Minister Sri Mulyani Indrawati and it would be implemented soon. Under the new ... Read More »

Metals and mining market tn Indonesia analysis & trends

JAKARTA: Metals and Mining in Indonesia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. The metals and mining industry consists of the aluminum, iron and steel, precious ... Read More »

Indonesia to offer investors a simplified tax-holiday program

JAKARTA: Indonesia will unveil a simplified scheme for tax holidays next week and state oil firm PT Pertamina should be among the first to benefit, government officials said. Boosting investment is a priority for President Joko Widodo as household consumption – the main engine of growth for Southeast Asia’s largest economy – has remained sluggish in recent years. Under different ... Read More »

Indonesia New Zealand agree to enhance bilateral ties

JAKARTA: The agreement was reached during President Joko Widodo`s state visit to New Zealand on March 18-19, 2018. The visit, undertaken at the invitation of Prime Minister of New Zealand Jacinda Ardern, was the first by an Indonesian leader in 13 years. Moreover, Prime Minister Ardern praised the New Zealand-Indonesia business forum held in Auckland on March 16, 2018, and ... Read More »

Government to impose excise on plastic in May

JAKARTA: The government plans to introduce an excise on plastic in May to reduce the use of the material. The Finance Ministry’s customs and excise director general, Heru Pambudi, said in Jakarta on Monday that a draft of a government regulation was being discussed by the relevant government agencies. “An interministerial committee tasked with drafting the regulation is working now,” ... Read More »

Turning down heat in Indonesia’s oil palm industry

JAKARTA: In Indonesia, palm oil is a hot industry in more ways than one. In 2015 alone, it contributed USD 20.75 billion to the country’s export revenue. Oil palm plantations cover more than 14 million hectares of the country and, together with Malaysia’s, dominate the global market. However, fire is still widely used in the development and planting of oil ... Read More »

Indonesia central bank holds rates keeps eye on rupiah

JAKARTA:  Indonesia’s central bank on Thursday kept its policy rate unchanged, as expected, saying its stance was sufficient to support the economy and pledged to keep the rupiah currency in line with fundamentals. The decision came shortly after the Federal Reserve, as anticipated, hiked US rates. Central banks in New Zealand, the Philippines and Taiwan also held their policy rates ... Read More »

Indonesian CPO exports not affected by duty increase in India

JAKARTA: Trade Minister Enggartiasto Lukita said Indonesia`s CPO export to India has not been disrupted by the import duty increase imposed by the country. “Our exports remain high and have not yet been affected,” Lukita said at the Coordinating Ministry for Economic Affairs Building in Jakarta on Wednesday. Lukita said the government has sent a formal letter on the increase ... Read More »

Indonesia plans to import 9 mil barrels of gasoline in Apr

JAKARTA: Indonesia’s state-owned Pertamina plans to import around 9 million barrels of gasoline in April, unchanged from the estimate for March, based on a survey of market participants last week. The estimates provided by market watchers for April spanned the range of 8.5 million barrels to 9.5 million barrels. They were unable to provide a breakdown of volumes between the ... Read More »

Indonesian president’s visit marks 60 years of relations with NZ

JAKARTA: A lone protester has yelled as Indonesian President Joko Widodo paid his respects at the Pukeahu National War Memorial in Wellington. The president has begun a state visit to New Zealand to mark 60 years of diplomatic relations between this country and Indonesia. hrough a translator Widodo thanked Reddy for the welcome and said he “came with a message of friendship from ... Read More »

Indonesian government warned about trade deficit

JAKARTA: The February trade deficit was lower than in January, but it needs serious attention because it occurred for three consecutive months,” said BPS head Suhariyanto in Jakarta on Thursday. BPS announced that Indonesia booked a US$116 million trade deficit in February, bringing the deficit year-on-year to $872 million after Indonesia had enjoyed trade surpluses in the last three years. ... Read More »

Tax revenue realization growth of Indonesia strong far in 2018

JAKRATA: This strong performance is underpinned by a 20.3 percent (y/y) increase in non-oil & gas income tax to IDR 88.7 trillion (approx. USD $6.5 billion) and a 18.4 percent (y/y) increase in value-added tax (VAT) to IDR 67 trillion (approx. USD $4.9 billion) over the aforementioned period. Yon Arsal, Director of Tax Revenue and Compliance at the Directorate General ... Read More »

Indonesia to lose USD 630m revenue from coal price cap

JAKARTA: Business Recorder reported that Mongolian coal exports fell by a third in February, the country’s statistics bureau said that, with bottlenecks at the border with China continuing to drag on trade. According to the National Statistics Office, export volumes declined 33 % to 3.25 million tonnes, while the value of coal exports dropped 25 % to USD 245.4 million ... Read More »

Imports of paper and paperboard continue unabated

JAKARTA: Imports of paper and paperboard reached a peak of 1.47 million tonnes in April-December FY18, as compared to 1.05 million tonnes in the corresponding period of FY17 and even surpassing 1.42 million tonnes imported in the entire FY17. “The cost of production of paper in India is much higher than that in competing countries due to the high cost ... Read More »