P2P lending third most complained about business sector
The country’s growing peer-to-peer (P2P) lending sector has become one of the most complained about business sectors partly because of high interest rates and aggressive debt collection practices, according to a report. The country’s growing peer-to-peer (P2P) lending sector has become one of the most…
Indonesia Update: Restrictions on the Use of Proceeds from the Export of Natural Resources and Implications for Offshore Lenders
The Indonesian Government recently announced its 16th Economic Policy Package (Paket Kebijakan Ekonomi ke-XVI) as a domestic response to the pressures of global economic developments, including pressure on the Indonesian Rupiah – a particularly sensitive issue in the lead-up to Indonesia’s parliamentary and presidential elections…
Government Mulls Reverse Tobin Tax to Retain Foreign Investment
To reduce the country’s current account deficit (CAD), the government is considering encouraging foreign investors to keep funds in the country through a policy known as the reverse Tobin tax. To reduce the country’s current account deficit (CAD), the government is considering encouraging foreign investors…
10,000 Chinese Tourists Cancel Trips to Bali over Coronavirus Fears: Travel group
Chinese tourists are starting to cancel their trips to Indonesia over fears of an acceleration of the spread of a deadly coronavirus in the Asian nation and around the world. Chinese tourists are starting to cancel their trips to Indonesia over fears of an acceleration…
SoftBank Offers to Invest Up to $40bn in Indonesia’s New Capital
Source: BangkokPost, January 19 2019 JAKARTA: Japan’s SoftBank Group has offered to invest between US$30 billion and $40 billion in the development of the new Indonesian capital on Borneo Island, a close aide of President Joko “Jokowi” Widodo said Friday. In a meeting last week…
Badung Targets 6.2 million Foreign Tourists in 2020
Source: ANTARA News, January 17 2019 So in 2020, based on the Regional Medium-Term Development Plan (RPJMD) we set a target of 6.2 million people I Made Badra, the Head of the Badung Tourism Office Badung, Bali (ANTARA) – Badung District in Bali Province, has…
PLN to Increase Renewable Energy-Based Power Plant Capacity in 2020
Source: Antara News, January 17 2019 Edited by: INE Jakarta (ANTARA) – State-owned electricity company PT Perusahaan Listrik Negara (PLN) has outlined a target to step up the capacity of renewable energy-based power plant by 1.5 gigawatts (GW) in 2020. “Renewable energy (power plant) capacity…
Indonesia to Tackle Investment Red Tape with Job Creation Bill
By: Maikel Jefriando JAKARTA (Reuters) – Indonesia’s government plans to submit a bill to parliament on Monday designed to replace dozens of overlapping laws viewed as a barrier to investment, a senior official said on Friday. With growth in Southeast Asia’s biggest economy having been…
Microsoft to Invest USD1 Billion in Indonesia, Luhut Says
Source: Tempo, January 18 2019 Editor: Mahinda Arkyasa TEMPO.CO, Jakarta – Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan said that Microsoft Corporation is interested in investing USD 1 billion in Indonesia, or around IDR 14 trillion. “The USD 1 billion investment will be used for the…
Trapped in 5% Growth
Jakarta Post, December 16 2019 Most economists, including those of the World Bank and international banks, have predicted Indonesia will continue to be stuck in the 5-percent growth lane this year and 2020 amid worldwide policy uncertainty, subdued global growth and international trade tensions and…