BI Survey: February Retail Sales Decline, Clothing Most Sluggish
Indonesia’s Retail Sales dropped by 0.3% on the year in January vs. a 0.5% drop seen in December, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Tuesday. The Bank Indonesia survey predicted sales in February to have remained weak, estimating…
Indonesia Ranked Fourth in the World with the Most Female Leaders
Indonesia ranks fourth for percentage of women in senior management positions at 37 percent, according to Grant Thornton International report titled “Women in Business 2020”. Indonesia is still behind Philippines that ranks highest at 43 percent and is followed by South Africa 40 percent and…
CORONA VIRUS EFFECTS – In addition to PPh 21 borne by the government.
Indonesia issue new incentives to counter Covid-19 impact on economy. The new incentives will give tax relaxation for income tax for individual worker (PPh 21), import tax (PPh 22), income tax for corporate (PPh 25) and accelerated VAT restitution. With this fiscal stimulant, government expect…
Week Ahead Economic Preview: Week of 9 March 2020
After worldwide PMI surveys showed the global economy contracting at the steepest rate since 2009 as the coronavirus disrupted supply chains and hit sectors such as travel, tourism and transport, markets will be watching keenly for remedial (or insurance) policy action from central banks and…
Indonesia Targets New Investment Deals at Hannover Messe 2020
Indonesia is hoping to secure new investment deals from participating in the annual German industrial technology fair Hannover Messe on Apr. 20-24. Jakarta. Indonesia is hoping to secure new investment deals from participating in the annual German industrial technology fair Hannover Messe on Apr. 20-24. As the…
Oil Dives 31% in Worst Loss Since 1991 Gulf War as All-Out Price War Erupts
Oil markets tumbled the most since the Gulf War in 1991 on Monday (March 9) after the disintegration of the Opec+ alliance triggered an all-out price war among the world’s biggest producers Oil markets tumbled the most since the Gulf War in 1991 on Monday…
BI Expects Q1 Economic Growth to Drop to 4.9% as Virus Hurts Tourism, Trade
Bank Indonesia (BI) is predicting that weakening economic activities, especially involving tourism, exports and imports, would drag down the country’s economic growth to 4.9 percent in the first quarter before picking up again in the following months. Bank Indonesia (BI) is predicting that weakening economic…
WHO Calls for Calm after Indonesia Confirms Cases of COVID-19
Indonesia confirmed its first coronavirus cases in the country, as the UN health body raised the possibility that more cases may be detected in the near future. The World Health Organization has called on the public in general to remain calm after Indonesia confirmed its…
Indonesia Plans Second Stimulus Package
Indonesia is working on a second stimulus package to shore up South-east Asia’s biggest economy, adding to the central bank’s aggressive moves to counter the impact of the coronavirus on financial markets. Indonesia is working on a second stimulus package to shore up South-east Asia’s…
Government to ease import procedures as manufacturers look beyond China for sources of raw materials
Plans are discussed to ease licensing procedures for importing raw materials as the country’s manufacturing industry begins to feel the impact of the disruption. The government plans to ease licensing procedures for importing raw materials as the country’s manufacturing industry begins to feel the impact…