Business News

Govt to gradually lower corporate income tax starting 2021

The government plans to gradually lower the corporate income tax in a bid to attract more investment and boost the country’s cooling economic growth.Finance Minister Sri Mulyani Indrawati said the plan would be incorporated in a tax bill currently being discussed by the government before it was brought to the…

Interview with Marco Noto La Diega - Chairman of Italian Business Association in Indonesia

IBAI is still in its relatively early stages of development. Do you see positive results for your members? Are you happy with the progress in IBAI? Yes, IBAI is getting stronger, and I am pleased with the progress to date. Our members base is growing and getting stronger in terms…

New Cabinet: Fresh effort to boost economy

With Indonesia’s economy softening and facing pressure from around the world, President Joko “Jokowi” Widodo plans to overhaul the Cabinet to address economic issues to boost exports, investments and the digital economy.President Jokowi, who is to take up his second five-year term starting in October, said the upcoming lineup of…

Govt faces uphill battle to make Lake Toba world-class destination

As the largest volcanic lake in the world, Lake Toba in North Sumatra has what it takes to be developed into a world-class tourist destination, especially under President Joko “Jokowi” Widodo 10 new Balis initiative, which aims to boost the economy amid stagnating consumer spending and a slowing investment outlook.However,…
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