Business News
March retail sales up 6.1%: BI survey
Bank Indonesia’s Retail Sales Survey (SPE) has indicated an increase in monthly retail sales in March this year compared to the previous month. “Real Sales Index (IPR) March 2021 grew 6.1 percent (mtm), increasing from the previous month's growth of minus 2.7 percent (mtm)," executive director of the central bank’s…
New COVID-19 variants may jeopardize economic recovery in Indonesia
The emergence of new COVID-19 variants is expected to weigh on Indonesia’s economic recovery and may cause the government to miss its target of growth between 4.5 and 5.3 percent this year. The government reported on Monday that 24 cases involving new variants, including sub-variants of B.1.617, also known as…
Indonesia Is Considering to Tax Crypto Trading
Indonesia, which is the largest economy in Southeast Asia, is considering imposing taxes on cryptocurrency trading as demand in the sector is booming with the recent price rally.Neilmaldrin Noor, a spokesperson for the country’s tax agency, told Reuters that the Indonesiangovernment is willing to strengthen its tax collections after the…
World Bank Approves New Partnership Framework with Indonesia
The World Bank's Board of Executive Directors approved the new Country Partnership Framework (CPF) with Indonesia for the period 2021-2025. The overarching objective of the new framework is to increase efforts to recover the economy due to Covid-19 and to promote sustainable and inclusive growth in the future. "Through this…
