Business News
New Car Tax Discount Extended, Automotive Industry Excited
The government said that the new car tax discount (PPnBM) will be extended in 2022. This is considered to be reviving the automotive industry in various aspects. Previously, Coordinating Minister for Economic Affairs Airlangga Hartarto said President Joko Widodo had approved the extension of the Luxury Goods Value Added Tax…
Agricultural Export Transactions 2021 Record Positive Trend, Increase to USD 4.24 Billion
The Central Statistics Agency (BPS) recorded that agricultural export transactions recorded up to USD 4.24 billion. This value increased 2.86% compared to the previous year which recorded transactions worth USD4.12 billion. "This increase was caused by increased exports of medicinal plants, aromatics, and spices," said Head of the Central Statistics…
Indonesia's Trade Surplus seen Crossing USD 35.3 Billion in 2022
The Centre for Strategic and International Studies (CSIS) has projected that Indonesia’s trade surplus this year will breach the level recorded in 2021, when it was recorded at USD 35.3 billion. "If the ban on the export of several commodities does not much disrupt (exports), the trade surplus in 2022…
Government allocates USD5.9 billion for Papua for 2022
The Indonesian government has allocated a budget of IDR 84.7 trillion (USD5.9 billion) for the provinces of Papua and West Papua for 2022, the Ministry of Finance, through its Directorate General of Finance Balance, has informed. "The figure has increased from IDR 79.7 trillion in 2020, but decreased from IDR…
