Indonesia Raises Import Taxes on 1,000-Plus Goods to Support Rupiah

Indonesia will raise import taxes on more than 1,000 goods, ranging from cosmetics to cars, as part of measures aimed at cutting imports and supporting a weak rupiah, Finance Minister Sri Mulyani Indrawati said on Wednesday (03/09). The import tax will be raised to up to 10 percent on 1,147…

Indonesia issues new rules for palm oil and other commodity exporters as rupiah slides

Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country, the trade minister said on Tuesday, and part of a bid to prop up the ailing rupiah. The Indonesian currency <IDR=> has fallen about 9…

World Bank predicts Indonesia`s 2018 economic growth at 5.2 percent

The World Bank has predicted Indonesia`s economic growth to reach 5.2 percent throughout 2018, which is relatively the same as the government`s projection of 5.14-5.21 percent. "Economic growth is estimated at 5.2 percent this year and in 2019, and gradually increases to 5.3 percent by 2020," World Bank Director for…

Sales purchase Agreements hamper efforts to reduce oil import : Official

Sales purchase agreements between domestic oil contractors and foreign firms may hamper the government’s effort to reduce oil import by requiring state-owned oil and gas holding Pertamina to buy all oil lifting produced by the contractors, an official says. Previously, President Joko “Jokowi” Widodo told Pertamina to buy all oil…
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