Business News
Government Will Withdraw Foreign Companies' Electronic Transaction Tax
The government stated that it would continue to collect income tax (PPh) or electronic transaction tax (PTE) from trading businesses through electronic systems or foreign digital companies operating in Indonesia. "For income tax, this is more on how to settle the sharing of profits," said Finance Minister Sri Mulyani Indrawati…
Traceable: Stakeholders Work to Promote Digital Sharia Economy
Islamic fintech and finance institutions seek to improve Indonesians’ awareness of digital sharia economy and services given untapped potential in the industry. A recent survey by the Indonesia Waqf Board (BWI) showed that Indonesians only scored 50.4 on waqf (religious endowment) literacy, with the board’s vice chairman, Imam Saptono, saying…
Indonesia Expects to Ratify Trade Deal with EFTA Soon to Attract New Investment
The Indonesian government is expecting to finish the ratification of the comprehensive economic partnership agreement with Iceland, Lichtenstein, Norway and Switzerland early next year in a bid to attract investment from those countries amid the COVID-19 crisis. After seven years of negotiations, the agreement between Indonesia and the European Free…
Jokowi Prepares Seed Center in Bogor to Support Green Economy
President Joko Widodo visited the Rumpin Seed Source and Nursery on Friday, November 27, 2020. During the visit, the President advised that the facility develop plants that support a green economy. Meanwhile, the President is preparing the nurseries for green economy supporting plants to produce in 2021. From these nurseries,…
