Tag: Finance Ministry
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...
Indonesia Fin Min Considers Another Tax Amnesty Program
JAKARTA (TheInsiderStories) - Minister of Finance Sri Mulyani Indrawati said that Indonesian government considers to held another tax amnesty program to boost the government revenues,...
Indonesia Sees Economic Growth at 5.2% in 2H
JAKARTA (TheInsiderStories) - Amid the widening deficit in the first half (1H) of 2019, Indonesia' government remain optimistic and predicted economic growth in the...
Indonesia Puts Plastic Bag Excise US$0.01 a Sheet
JAKARTA (TheInsiderStories) - Indonesia' finance ministry has set a policy to implement excise of plastic bag worth Rp200 (US$0.01) a sheet assuming Rp30 thousand...
Indonesia to Impose Sanction on Violators of Export Proceeds
JAKARTA (TheInsiderStories) - Indonesia' government s ready to impose sanctions on peoples who violate a new regulation intended to force exporters to keep their...
Financial Regulators Imposed Sanctions to Garuda Indonesia
JAKARTA (TheInsiderStories) - Indonesia' Financial Service Authority (FSA) and Ministry of Finance have evaluated financial statement of PT Garuda Indonesia Tbk (IDX: GIAA) per...
Indrawati Sees Indonesian Economy Grow 5.1% in 2Q 2019
JAKARTA (TheInsiderStories) - Indonesia' finance minister, Sri Mulyani Indrawati, sees economic growth in the second quarter (2q) of 2019 estimated to be in the...
Indonesia Revises Property Price for Luxury Goods Sales Tax
JAKARTA (TheInsiderStories) - Indonesia's government lifted the price limit of luxury residence that's being imposed with 20 percent sales tax, by more than double....
Indonesian House, Government Agrees 2020’s Macro Assumption
JAKARTA (TheInsiderStories) — Indonesian government and House of Representatives have agreed on 2020’ macro assumptions to decide by the Budget Committee in this month....
Indonesia’s 2019 Macro Assumptions May Not Achieve Target
JAKARTA (TheInsiderStories) — Global economic turmoil has made Indonesia pessimistic about achieving some of the macro assumptions target this year, as stated by finance...
Finance Minister Send Challenging 2020’s State Budget to House
JAKARTA (TheInsiderStories) — Indonesia Finance Minister Sri Mulyani Indrawati officially submitted state revenue and expenditure budget draft for 2020 to House of Representatives, on...
Indonesia Raises US$1.62B from Samurai Bond Issuances
JAKARTA (TheInsiderStories) - Indonesian government has raised ¥177 billion (US$1.62 billion) funds from six series of Samurai bond sales, finance ministry reported today (05/16). This make...
Indonesian Govt to Summon Garuda’s Auditors, Directors Next Week
JAKARTA (TheInsiderStories) – After finding irregularities in the annual financial statements of PT Garuda Indonesia Tbk (IDX:GIAA) in 2018, Ministry of Finance, Supreme Audit...
Indonesia Absorbs Funds US$1.67B from the Government Bond Auction
JAKARTA (TheInsiderStories) – Finance ministry of Indonesia absorbed funds of Rp23.4 trillion (US$1.67 billion) from the auction of seven series of government bond from...
Indonesia Eximbank Re-issues Global Bonds US$900M
JAKARTA (TheInsiderStories) - Indonesian Export Financing Agency or Indonesia Eximbank will re-issue global bonds with worth of US$900million. Eight international banks are expected to win LPEI' global...