Markets and Finance
Ministry: Indonesia still lacks technology, capital to develop downstream industry
Despite its abundant mineral resource, Indonesia still lacks in term of technology and capital to develop its mineral downstream industry, a senior ministry official says.
Indonesia faces shrinking middle class amid economic shifts: Report
Indonesia, the largest country in Southeast Asia, faces signs of a shrinking middle class as a result of the lingering effects on the economy since the Covid-19 Pandemic and a general shift in its economy, with automation in several sectors have been cited as reasons for the change, a recent report by ABC News reveals.
Government raises CPO export levy to 10 percent for biodiesel subsidies
The government will raise the export levy on crude palm oil (CPO) from 7.5 percent to 10 percent, aimed at supporting the financing for biodiesel subsidies, which will increase with the launch of the 40 percent biodiesel blend (B40) program starting January 1, 2025.
Trade surplus strengthens economic resilience: BI
The Indonesian Central Bank (BI) has assessed that the trade balance surplus in November 2024 was positive to support the external resilience of the Indonesian economy.
Indonesia's 12 Percent VAT rate relatively low in the world: Government
The government has officially announced an increase in the Value Added Tax (VAT) rate from 11 percent to 12 percent which will take effect starting January 1, 2025. Ministry of Finance, Sri Mulyani Indrawati, assessed that Indonesia's VAT rate is still relatively low when compared to other countries in the region and among G20 members.
Licensing the main obstacle in foreign invetsment’s decline: BI Governor
Governor of the Indonesian Central Bank, Perry Warjiyo, highlights two main reasons that make Foreign Investment in Indonesia lagging behind fellow ASEAN member Vietnam.
PT Bangun Kosambi Sukses prepares for IPO, targets up to Rp2.3 trillion
PT Bangun Kosambi Sukses, a subsidiary of PT Pantai Indah Kapuk Dua (PANI), is set to go public with its initial public offering (IPO) on the Indonesia Stock Exchange (IDX).
BI advances digital Rupiah initiative with completion of proof of concept
The Indonesian Central Bank (BI) has reached a significant milestone in its digital rupiah initiative, known as Garuda Project, with the successful completion of its proof of concept (PoC) for the first phase.
RI, UK, and BritCham explore carbon market opportunities, sustainable growth investment
Standard Chartered Indonesia, the Government of the United Kingdom and Northern Ireland, and the British-Indonesian Chamber of Commerce (BritCham) held a roundtable in London on Wednesday, November 20, 2024 discussing carbon market opportunities in Indonesia.
Banking credit risk in the mining sector remains under control: Analyst
Banking financing for the mining sector in Indonesia has continued to show good performance, particularly in regards with the relatively low non-performing loans (NPL), significantly making the sector still attractive to banks, despite global challenges that affect economic performance.
Tariff hike, geopolitical instability to benefit mining sector: BCA chief economist
The planned import tariff policy by U.S. President-elect Donald Trump and geoploitical instability have the plotential to trigger inflation in the U.S. and impact the commodity sector and the rupiah exchange rate, but on the other hand provide windfall profits from rising commodity prices, especially for Indonesia’s mining sector, an economist says.
SCF and IPO, complementary funding platforms for companies: IDX
The Securities Crowdfunding (SCF) and Initial Public Offering (IPO) schemes are the two main instruments offered by the Indonesian capital market to support corporate funding, a senior official at the Indonesia Stock Exchange (IDX) has said.