Business News
Indonesia's proposed VAT hike draws flak from businesses
As Indonesia considers tax increases to cover stimulus spending sparked by the pandemic, the country's business community warns that higher levies could dampen a nascent economic recovery after four straight quarters of contraction.The Finance Ministry contemplates two options for a hike in the value-added tax: raising the current across-the-board rate,…
Time for fashion businesses to innovate and collaborate: Minister Uno
Tourism and Creative Economy Minister Sandiaga Uno believes it is time for fashion businesses in Indonesia to make innovations and collaborations amid the COVID-19 pandemic. “Fashion has become one of the three top-notch sectors in the creative economy and is also our leading exports,” Uno stated during a webinar on…
Sandiaga Uno Campaigns for Back to Movie Theaters Movement
Tourism and Creative Economy Minister Sandiaga Uno is campaigning for the Back to Movie Theaters and Watch National Films movement. He invited families and the ministry’s employees to watch the restored national film Tjoet Nja 'Dhien at Plaza Senayan Cinema XXI, Jakarta, on Sunday, May 30. “Today, we celebrate again…
Indonesia unveils its strategies in chairing 2022 G20 presidency
Coordinating Minister for Economy Airlangga Hartarto unveiled Indonesia's strategies in chairing the G20 Sherpa in 2022 as members of this international forum are striving to tackle the tremendous impacts of COVID-19 pandemic on economy and public health. "The global pandemic of COVID-19 has made this forum face more complex challenges,…
