Business News
Foreign exchange reserves decline to US$119.8 billion in June
Jakarta, Sat, July 7, 2018 | Indonesia’s foreign exchange reserves slid to US$119.8 billion as of June, lower than the $122.9 billion recorded a month earlier as Bank Indonesia (BI) continued to defend the rupiah against a stronger United States dollar. In a statement released on Friday, the central bank…
Property businesses take hit from increase in taxable value of property
Jakarta, Fri, July 6, 2018 | The taxable value of property (NJOP) in Jakarta has increased by 19.54 percent from the previous year, affecting property businesses in the capital that already find themselves in a difficult situation. “Currently, many people do not want to buy property because of the high prices and…
Indonesia to impose language requirement for expat workers
26th June 2018 | INDONESIA’S government is looking to introduce language learning requirements under changes to its work visa scheme. The New York Times reported over the weekend that a decree issued from President Joko “Jokowi” Widodo will simplify the process of issuing work permits to foreigners, while also introducing…
Gov't Cuts Tax for Small and Medium Enterprises
June 23, 2018 | Jakarta. Indonesia will cut the final income tax rate for small and medium-sized enterprises by half, to 0.5 percent of their annual sales, in a move to help businesses manage their cash flow and expansion. President Joko "Jokowi" Widodo announced the cut at the East Java Expo…
