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Indonesia To Raises Tobacco Tax 10% Starting 2020

JAKARTA (TheInsiderStories) - The Indonesian government will raise tobacco excise tax in 2020 above 10 percent in the effort to generate state revenue. The...

Indonesia Revokes Cigarette Tax Increase for 2019

JAKARTA (TheInsiderStories) – The Indonesian government has decided not to increase the excise tax on tobacco products for 2019. This comes as a surprise,...

Japan Tobacco to Purchase Gudang Garam’s Unit for US$677m

JAKARTA (TheInsiderStories) - Japan Tobacco Inc. (TSE: 2194) or JT Group has agreed to acquire Gudang Garam (IDX: GGRM) subsidiary, PT Karyadibya Mahardhika (KDM)...