Business News

Indonesia won’t impose tax for foreign funds anytime soon: BI

Tue, June 12, 2018 | The central bank has said the country will not impose a tax on foreign funds anytime soon, stressing that the issue is only being discussed and is an option to control both capital inflows and outflows. Bank Indonesia (BI) Governor Perry Warjiyo said in Jakarta…

Cryptocurrencies Legalized as Futures Trading Commodities by Indonesian Regulator

4 June 2018 | Bappebti, the Indonesian Trade Ministry’s Futures Exchange Supervisory Boards has legalized cryptocurrencies as commodities in the country. Local media sources announced the landmark decision on June 3, 2018. Bappebti’s directive comes even as the country’s central bank does not recognize cryptos as means of payments.

Jakarta administration seals buildings on reclaimed islets

Thu, 7 June 2018 | Jakarta Governor Anies Baswedan has deployed 300 Public Order Agency (Satpol PP) officers to seal buildings on reclaimed islets C and D in Jakarta Bay on the northern coast of Jakarta. The buildings, which were developed by PT Kapuk Naga Indah, a subsidiary of the Agung Sedayu…

World Bank projects Indonesian economy to grow 5.2%

Jakarta [Indonesia], June 7 (ANI) | The World Bank (WB) has projected that the Indonesian economy would grow 5.20 percent this year, more than the government's projection of 5.18 percent.The WB said both private consumption and investment are expected to strengthen.The World Bank country director for Indonesia, Rodrigo A Chaves…
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