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Jakarta
Thursday, June 21, 2018
JAKARTA (TheInsiderStories) - Boosting investment has been an economic priority for President Joko Widodo, particularly since sluggish consumption has capped annual economic growth at around 5 per cent for several years. Finance Minister Sri Mulyani Indrawati has said several regulations are being revised to provide more tax incentives to business...
JAKARTA (TheInsiderStories) – The Coordinating Minister for the Economic Affairs Darmin Nasution on Monday (12/3) held a limited cabinet meeting to discuss issues related to the efforts to boost direct investment in the country. The particular topic of discussion was fiscal incentives to be provided to particular industries. Providing fiscal...
JAKARTA (TheInsiderStories) - Minister for Communication and Information Technology Rudiantara projected that the country’s new unicorn, a US$1 billion valued startup company, will emerge from the education sector, no later than 2019. The statement was made in November 2017, after he visited the office of Ruangguru, an educational technology...
JAKARTA (TheInsiderStories) - Indonesian government's plan to raise energy subsidy in the State Budget will likely help maintain Indonesia's sovereign rating outlook from international rating agencies. Recently, President Joko Widodo's administration has revealed its plan to raise fuel subsidy as a consequence of keeping the subsidized fuel and electricity tariffs unchanged. The Finance...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo on Thursday (1/3) has officially issued a decree to rule 'Beneficial Ownership' to meet on Automatic Exchange of Information (AEoI) assessment this year. Beneficial owners are widely defined as a person who ultimately control a corporate entity, even though they are not necessarily recorded...
JAKARTA (TheInsiderStories) - Indonesia’s vast and young population sounds like a great market opportunity for business players and investors. But there is one catch. The majority of Indonesians don’t have the financial freedom to purchase goods and services beyond bare necessities. Out of a population of 252 million people, 28.6 million...
JAKARTA (TheInsiderStories) – The Energy and Mineral Resources (EMR) Ministry has revoked as many as 90 regulations as well as 96 certifications, recommendations and permits which are considered overlapping, irrelevant or contra-productive with the government’s efforts to boost investment in the energy sector. “In total, as many as 186 (regulations...
JAKARTA (TheInsiderStories) - Indonesian government is eager to grab potential redirection of tourists from Singapore following the new regulation of Changi Airport Operator's regulation to raise passenger service charge by the 1st of July this year. According to the Transport Ministry and Civil Aviation Authority of Singapore, traveler flying out of Changi Airport...
JAKARTA (TheInsiderStories) - Total smartphone shipments in the emerging Southeast Asia (SEA) region recorded approximately 100 million units in 2017, declining by less than 1% Year-over-Year (YoY), International Data Corporation (IDC) reported. IDC categorizes Indonesia, Malaysia, Myanmar, Philippines, Thailand, and Vietnam as the emerging markets in SEA. Myanmar and Philippines were...
JAKARTA (TheInsiderStories) – Sharing economy business model is gaining momentum in Indonesia. After making in-roads in the transportation sector, in particular, the ride-sharing applications, the sharing economy scheme is now making headways in the agriculture sector. Indonesia is an agrarian nation given that majority of its population are working in...

Latest article

Energy Policy : OPEC Meeting May End Without Agreement

JAKARTA (TheInsiderStories) - The meeting of Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Switzerland may closed without an agreement amidst the divide opinion...

Monetary Policy: BI Rate Will Rises Again Due to Global Pressures

JAKARTA (TheInsiderStories)— Bank Indonesia (BI) has surprised markets by holding an unscheduled meeting on May 30 and deciding to hike interest rates by 25 basis...

Rabobank: Bye Bye Palm Biodiesel?

JAKARTA (TheInsiderStories) - A potential ban on palm oil in European Union (EU) biodiesel would mean Indonesia and Malaysia need to find alternative crude...

EU Extends Palm Oil Ban from 2021 to 2030

JAKARTA (TheInsiderStories) - European Union (EU) softened its stance on the use of palm oil among its member countries starting 2030 from earlier proposed...

Policy Review: The Economic Impact of the U.S, North Korea Summit

JAKARTA (TheInsiderStories) - A week after Singapore Summit, North Korean leader Kim Jong Un meet Xi Jinping, Chinese president met in Beijing on June 19. The...

Market Update: U.S, China Trade War Still Rocked Global Market

JAKARTA (TheInsiderStories) - The escalation of trade war between the United States (U.S) and China rocked global stock markets. Yesterday, three major indices on...