Markets and Finance
President sets Rp13 T in investment target for 2024-2029, to boost economic growth
President Prabowo Subianto has set the target of Rp13,032 trillion (US$803 billion) in investment for the 2024-2029 period to create more jobs domestically and promote economic growth.
OJK plans SIPF for crypto investors, prepares for supervision shift in 2025
The Financial Services Authority (OJK) plans to create a Securities Investor Protection Fund (SIPF) institution which is currently being considered to provide protection for crypto investors in Indonesia.
Indonesia's 2024 budget deficit lower than latest estimates
Indonesia's budget deficit for the 2024 fiscal year was lower than the government's latest estimate of 2.7 percent of Gross Domestic Product (GDP), a top government official said.
Prabowo cancels VAT rate increase, a New Year's gift to Indonesia
Coordinating Minister for Political and Security Affairs, Budi Gunawan, said President Prabowo Subianto gave a special gift for New Year's Eve 2025 to Indonesia by cancelling the planned increase of Value-added Tax (VAT) to 12 percent.
Economy projected to grow 5% next year, early de-industrialization in the spotlight
Indonesia's economic growth is estimated to remain stagnant at 5 percent in 2025 amidst the absence of a policy strategy capable of freeing the industrial sector from the trap of early deindustrialization.
Indonesia increases GDP fourfold in two decades: IMF
Indonesia has recorded extraordinary achievements in the last two decades by managing to increase gross domestic product (GDP) fourfold and reduce poverty rates tenfold.
IDX targets 66 IPOs in 2025 for boosting investor growth, market activity
Indonesia Stock Exchange (IDX) is targeting about 66 new companies which will conduct an initial public offering (IPO) in 2025, an increased of 6.45 percent from 62 companies in 2024.
BI purchases SBN of up to Rp150 trillion to stabilize rupiah
The Indonesian Central Bank (BI) announces a strategic step to stabilize the rupiah exchange rate next year, primarily by purchasing Government Bonds (SBN) from the secondary market.
Study reveals negative impacts of tax incentives for plastic industry, need of transparency
A number of tax incentives enjoyed by the plastic industry are considered to have negative impacts on the environment and state revenues according to a recent study by The Prakarsa.
Sixty textile companies may go bankrupt amid import regulation controversy
The Ministry of Manpower noted that 60 textile companies may soon go bankrupt after being severely hit by financial problems since 2023 and due to the issuance of import regulations.
Political parties wrangle about government’s planned VAT increase
Controversy over the planned increase in the Value Added Tax (VAT) rate from 11 percent to 12 percent which will take effect starting January 1, 2025 heightens, with political parties blaming each other for differences in position towards the government’s policy
IMIP contributes US$14.45 B in export foreign exchange, US$1.16 B in taxes
PT Indonesia Morowali Industrial Park (IMIP), the management of the largest nickel industrial area in Indonesia, has recorded a significant contribution to export foreign exchange and state tax revenues.