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Alibaba to Microsoft Must Pay 10% VAT in Indonesia

JAKARTA (TheInsiderStories) - After 28 foreign digital firms, now Indonesian government put value added tax (VAT) from eight tech companies. The companies are Alibaba Cloud (Singapore)...

The Government Sold Bonds US$3.1B to Bank Indonesia

JAKARTA (TheInsiderStories) - The government issued four series of state bonds to Bank Indonesia (BI) with total amount of Rp46.20 trillion (US$3.1 billion) through a private...

Indonesian Government Debt Time Bomb

JAKARTA (TheInsiderStories) - After admitting Indonesian economy is entering a recession, the next challenge to be faces by the government is the risk of debt. Head...

Another 12 Global Digital Firm Must Pay 10% VAT Starting October

JAKARTA (TheInsiderStories) - Indonesian government added 12 global digital firms to pay 10 percent of value added tax (VAT) for its users starting October 2020,...

Fin Min, FSA Signs a Decree to Support Economic Recovery Program

JAKARTA (TheInsiderStories) - Financial Service Agency (FSA) has signed the joint decree with the government to support the National Economic Recovery Program (ERP), said the...

Indonesia has Issued State Bonds More Than US$20B

JAKARTA (TheInsiderStories) - Until April 28, Indonesia has issued state bonds more than US$20 billion to finance its 2020 State Budget deficit. In the latest auction, finance ministry won...

Indrawati Regulates Loan Scheme to Handle Failure Banks

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati, regulated the new loan schemes for Indonesia Deposit Insurance (IDI) to handle the failure bank during the crisis....

Indonesia Raises State Bond Issuances to US$62B in 2020

JAKARTA (TheInsiderStories) - Indonesia will raise the state bonds issuances around Rp999.6 trillion (US$62.47 billion) in this year from the initial targets Rp389.4 trillion, said finance...

Indonesia’s SWF Body Regulates in Omnibus Law Job Creation

JAKARTA (TheInsiderStories) - The form of Sovereign Wealth Fund (SWF) body regulated at the Omnibus Law for Job Creation, it showed at the draft bill...

Indonesia’s GDP Growth Slips to 5.02% in 2019

JAKARTA (TheInsiderStories) - Indonesia's gross domestic product (GDP) growth slipped to 5.02 percent in 2019, lower than 5.17 percent achieved in 2018, statistics agency...

Indonesia Prepares US$2B SUKUK’s Project Financing This Year

JAKARTA (TheInsiderStories) - The Indonesian government has prepared Rp27.35 trillion (US$1.95 billion) project financing through state sharia securities (SUKUK) this year, officials said on...

Indonesia Absorbs US$1.42B from Government Bond Auction

JAKARTA (TheInsiderStories) - Indonesian finance ministry absorbed funds of Rp20 trillion (US$1.42 billion) of the auction of seven series of government bonds from a...

Indonesia Sold Dual-currency Bonds US$3.1B

JAKARTA (TheInsiderStories) - Indonesian government released dual-currency bonds with total amount US$3.1 billion for deficit financing in this year, said the finance ministry today (01/09). The notes...

Budget Deficit of Indonesia Widens to 2.2% in 2019

JAKARTA (TheInsiderStories) - Indonesian government recorded a budget deficit Rp353 trillion (US$25.21 billion) or 2.2 percent of the gross domestic product (GDP) during 2019,...

Indonesia Frees Import Duties for Weapons, Military Goods

JAKARTA (TheInsiderStories) - The Indonesian government frees import duties on weapons, ammunition and related parts, military and the police goods used for national defense...

Indonesian Budget Deficit Swells to US$20B in October

JAKARTA (TheInsiderStories) - Indonesia’s state budget deficit swelled to Rp281,9 trillion (US$20.13 billion) or 1.8 percent of the gross domestic product (GDP) in October...

Indonesia Regulates Debt Securities Auction

JAKARTA (TheInsiderStories) - Indonesia unveiled new rules for government debt securities auction on the domestic market through finance minister regulation PMK number 168/PMK.08/2019. The...

Indonesia Imposes Textile Product Import Tariffs Up to 67%

JAKARTA (TheInsiderStories) - The Indonesian government has imposed temporary additional duties on imports of textiles and textile products up to 67.70 percent, said finance...

Indonesia Imposes Tariffs on Imported Aluminium Foils

JAKARTA (TheInsiderStories) - The Indonesian government has imposed safeguard tariffs for imported aluminum foil products, the trade ministry announced on Wednesday (11/07). The new...

Indonesia’s Financial Market Remains Stable

JAKARTA (TheInsiderStories) - Indonesian financial stability in the third quarter of 2019 remained under control, said the The Financial System Stability Committee (FSSC) on...

Suryo Utomo Inaugurated as New Director-General of Taxes

JAKARTA (TheInsiderStories) - Indonesian Finance Minister Sry Mulyani Indrawati officially installed Suryo Utomo as Director-General of Taxes to replace Robert Pakpahan, who entered retirement...

Indonesian Govt Plans to Sell US Dollar, Euro Bonds

JAKARTA (TheInsiderStories) - Indonesian government planned to release dual-currency bonds in US Dollar and Euro based on Moody's Investors Service latest report released today (10/23)....

Indonesia’s Govt to Slices Global Bonds Issuance in 2020

JAKARTA (TheInsiderStories) - The Indonesian government plans to sliced the issuance of global bonds in 2020, said the official on Tuesday (10/22). Usually, finance...

Indrawati Reappointed as Indonesia’s Finance Minister

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo reappointed Sri Mulyani Indrawati as finance minister in his second term. Beside her, he also kept the first...

Indonesia Prepares US$149B for Environmental Fund

JAKARTA (TheInsiderStories) - Indonesian government is preparing an initial fund of Rp2.1 trillion (US$148.93 million) for the Environmental Fund Management Agency which was officially...

Indonesian Govt Injects Capital US$186M to Tuban Petro

JAKARTA (TheInsiderStories) - Indonesia's government has officially converted petrochemical company PT Tuban Petrochemical Industries (Tuban Petro) debt through additional state capital investments of Rp2.61...

Indonesia Only Invests in Securities, says the Regulation

JAKARTA (TheInsiderStories) - Indonesian government issued new provisions regarding government investment through a presidential decree Number 63 of 2019. Based on the new rule, in...

World Bank Give Loans US$150M for Indonesia’s Geothermal Project

JAKARTA (TheInsiderStories) – World Bank approved a US$150 million loan for Indonesia to scale up investments in geothermal energy by reducing the risks of early-stage...

Indonesia Prepares Fiscal Buffer US$714M to Quell Budget Deficit in 2020

JAKARTA (TheInsiderStories) - Indonesia prepared Rp10 trillion (US$709.22 million) as a buffer for fiscal risks to overcome the budget deficit in 2020, the official...

Indonesia Issues Vocational Tax Incentives for Investors

JAKARTA (TheInsiderStories) - Indonesian Finance Ministry finally issued a regulation that would provide a legal basis to offer fiscal incentives for businesses that build...