JAKARTA (TheInsiderStories) – Good Morning! The Constitutional Court will hold a hearing today, to determine whether it will choose to move forward with a lawsuit that challenges the results of the of the 2019 Presidential Election by Prabowo Subianto and Sandiaga Salahuddin Uno.
Spokesperson of the Subianto – Uno’ National Winning Team, Dahnil Anzar Simanjuntak, said the lawsuit filled represented the interests of the larger public, especially those who believe fraud and tampering affected the election result.
Minister of Industry Airlangga Hartarto said that the government soon will release super deductible tax rule for industries that invest in research and development centers. The regulation now just waiting for the signature of President Joko Widodo, he adds.
According to him, the super deduction tax rules will be published in near time together with tax deductions for industries that contribute to vocational education and its expect would encourage industrial companies to innovate.
While, followed the trade war issues, he revealed, South Korea’ Sharp and LG planned to relocate its factory to Indonesia from Thailand and Vietnam. Indonesia eager to grab the advantage from United States – China trade dispute, said Hartarto.
The government claimed that it can save the cost of importing diesel fuel around Rp70 trillion (US$4.90 billion) from the 30 percent biodiesel program. The energy and Mineral Resources reported in January – May biodiesel consumption recorded at 2.46 million kiloliters.
In the meeting with President Widodo, entrepreneurs asked the government to revise Labor Law and review the corporate income tax from 25 percent to 17 percent. They also urged the government to evaluate value-added tax.
Furthermore, maritime affairs coordinating ministry intended to calculate Gross Domestic Product of maritime sector for the preparation of the National Medium Term Development Plan during 2020 – 2024 period. The planned, next week’ the GDP calculation results will be submitted to the minister Luhut Binsar Pandjaitan.
From global side, two oil tankers sailing from Saudi Arabia to Singapore has been damaged after get attacked in the Gulf of Oman. Since last month, four oil tankers has been sabotaged amid the heat tension between US and Iran. Followed the accident, Brent crude oil price rose 4 percent in trading to over US$62 a barrel.
Yesterday, Indonesian Rupiah slightly decreased to 14,280 against the Greenback from prior day closed at 14,258. This morning, the local currency open in negative territory at 14,296 over the US Dollar.
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia