Business News
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…
Mom and baby e-commerce to grow in double digits amid pandemic baby boom
Domestic online demand for mom and babycare-related products is predicted to see a double digit growth by 2025 amid the ongoing internet-shopping craze and expected baby boom following the pandemic. A recent study by management consulting firm Redseer projects that online channels will contribute up to 10 percent of total…
