Business News
Property businesses take hit from increase in taxable value of property
Jakarta, Fri, July 6, 2018 | The taxable value of property (NJOP) in Jakarta has increased by 19.54 percent from the previous year, affecting property businesses in the capital that already find themselves in a difficult situation. “Currently, many people do not want to buy property because of the high prices and…
Indonesia to impose language requirement for expat workers
26th June 2018 | INDONESIA’S government is looking to introduce language learning requirements under changes to its work visa scheme. The New York Times reported over the weekend that a decree issued from President Joko “Jokowi” Widodo will simplify the process of issuing work permits to foreigners, while also introducing…
Gov't Cuts Tax for Small and Medium Enterprises
June 23, 2018 | Jakarta. Indonesia will cut the final income tax rate for small and medium-sized enterprises by half, to 0.5 percent of their annual sales, in a move to help businesses manage their cash flow and expansion. President Joko "Jokowi" Widodo announced the cut at the East Java Expo…
Indonesia poised to benefit as China's Belt and Road turns green
Fri, June 22, 2018 | The Belt and Road Initiative (BRI), unveiled by Chinese President Xi Jinping in September 2013 to reawaken and extend the old Silk Road for enhanced international trade, development and cooperation, will account for 30 percent of global gross domestic product. But the BRI will require…
