The government is on high alert over a possible increase in tax shortfall this year as the economic slowdown is likely to continue until the end of the year.
Sluggish economic growth since early this year has begun to hurt the government’s tax revenue, which contributes the larger part of the stateRead more..
The government is seeking to build more self-managed bonded zones to realize President Joko “Jokowi” Widodo’s wish to boost exports and investments by providing fiscal incentives and easing bureaucratic processes.
The Finance Ministry on Sept. 19 announced that as many as 119 of theRead more..
KONTAN.CO.ID - JAKARTA. Indonesia's central bank on Thursday cut its benchmark interest rate for the third time in three months, as expected, as it tries to lift sluggish economic growth.
Bank Indonesia (BI) trimmed the 7-day reverse repurchase rate by 25 basis points (bps) to 5.25%, bringing theRead more..
The US Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.
Describing the US economic outlook as “favorable,” FedRead more..
REPUBLIKA.CO.ID, JAKARTA -- Russian President Vladimir Putin is scheduled to visit Indonesia in early 2020 to mark seven decades of diplomatic relations between Indonesia and Russia. Before the commemoration of diplomatic ties, the Indonesian and Russian governments have prepared several memoranda of understandingRead more..