Business News
Indonesia stays Java-centric despite infrastructure drive
Despite the emergence of new urban centres on other islands, the Indonesian population of over 270 million people remains concentrated on Java as other islands still fail to catch up with the development achieved on the country’s most populous island.Java had roughly 151.6 million people, or around 56.1 per cent…
Indonesian government optimistic about economic recovery
The signals of Indonesia's economic recovery are increasingly visible and the government is optimistic that economic conditions would continue to experience significant improvements, according to the Presidential Staff Office (KSP). Antara news agency quoted Deputy III of the KSP Panutan Sulendrakusuma as saying that Indonesia posted a record trade surplus…
Sri Mulyani to Increase Tax for Rich Indonesians to 35%
Finance Minister Sri Mulyani Indrawati said her side would continue to carry out tax reforms. One of the reform programs, she added, was to increase the personal or individual income tax rate or PPh OP. “We will also adjust the rate and bracket of PPH OP. The rate hike for…
Indonesia weighs carbon tax in bid to fund pandemic spending
Indonesia is considering introducing a carbon tax as it seeks to boost revenue to fund its spending to support an economy reeling from the COVID-19 pandemic.The carbon tax could be applied to fossil fuels and emissions released by factories or vehicles, as well as "carbon-intensive" industries such as pulp and…
