President Joko "Jokowi" Widodo has officially issued a regulation that streamlines all business licensing toward the Investment Coordinating Board (BKPM) and grants the agency the authority to review policies deemed as unfavorable for investors. Presidential Instruction (Inpres) No. 7/2019 on theRead more..

The Taxation Directorate General will focus on expanding Indonesia’s tax base next year in order to meet a tough revenue target for 2020 amid an economic slowdown. The Finance Ministry’s director general of taxation, Suryo Utomo, said the tax authority would make on-the-grounds efforts to expand theRead more..

Indonesia is among the top five most improved countries in terms of prosperity in the world, with an exceptional ranking in social capital, as the country has the highest levels of civic and social participation in the world, a new report highlights. The Legatum Prosperity Index 2019 published MondayRead more..

Despite being late to the party, Indonesia’s exchange-traded fund (ETF) has seen exponential growth since its launch 12 years ago. The investment instrument’s assets under management (AUM) sharply increased to Rp 15.2 trillion (US$1.08 billion) as of October of this year, up from Rp 557 billion whenRead more..

Indonesia is experiencing a weakening consumer confidence in the third quarter but now fewer people think the economy is in recession, a recent survey shows.  According to Nielsen’s latest Global Consumer Confidence Survey, optimism among consumers in Southeast Asia’s largest economy went downRead more..