Business News
Indonesia to issue larger tax breaks to cover 11 more sectors
Indonesia will issue larger tax breaks to cover 11 business sectors similar to the incentives given to manufacturing industries to help companies weather the economic impacts of the COVID-19 pandemic.The 11 sectors are food, trade, electricity, oil and gas, mining and coal, forestry, tourism and the creative economy, telecommunications, logistics,…
Trade Balance March 2020 Surplus of US $ 740 Million
Indonesia's trade balance recorded a surplus in March 2020. In fact, the value is higher than the expectations.The Central Statistics Agency (BPS) reported on Wednesday (4/16/2020), the value of Indonesia's exports last month was US $ 14.09%. Slightly decreased -0.2% compared to the same period on the previous year. Although…
No Investment Pullouts Despite COVID-19 Outbreak, Luhut Says
The COVID-19 pandemic has yet to affect investors’ investment plans in the country, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has said.“No single project sees any cancellation,” Luhut told reporters in an online briefing on Tuesday, despite adding that some projects were expected to stall between April and June…
IMF Projects 0.5% Growth for Indonesia as Global Economy Faces Deep Recession
Indonesia’s economic growth is expected to remain in positive territory this year, albeit ever so slightly, as the coronavirus pandemic puts the global economy at risk of its worst recession since the Great Depression of 1930, according to the International Monetary Fund (IMF).In its April update to the World Economic…
