CORONA VIRUS EFFECTS – In addition to PPh 21 borne by the government.
Indonesia issue new incentives to counter Covid-19 impact on economy. The new incentives will give tax relaxation for income tax for individual worker (PPh 21), import tax (PPh 22), income tax for corporate (PPh 25) and accelerated VAT restitution. With this fiscal stimulant, government expect…
Week Ahead Economic Preview: Week of 9 March 2020
After worldwide PMI surveys showed the global economy contracting at the steepest rate since 2009 as the coronavirus disrupted supply chains and hit sectors such as travel, tourism and transport, markets will be watching keenly for remedial (or insurance) policy action from central banks and…
Data Flow “Future Supply Office Outlook”
Around 1.2 million sqm of office space is scheduled to enter Jakarta’s central business district area between now and 2023. Most of these projects are scheduled to finish this year and 2021. As such, vacancy is seen to increase further nut moderating from 2022 onwards….
Time to buy Indonesian luxury properties? Investors must move fast
Boasting some of the cheapest prices for luxury properties in Southeast Asia, Indonesia’s high-end property market is about to get a shot in the arm. A combination of factors – new government regulations reducing restrictions on foreign ownership of high-end properties; stable macro-economic outlook; a…
Indonesia Targets New Investment Deals at Hannover Messe 2020
Indonesia is hoping to secure new investment deals from participating in the annual German industrial technology fair Hannover Messe on Apr. 20-24. Jakarta. Indonesia is hoping to secure new investment deals from participating in the annual German industrial technology fair Hannover Messe on Apr. 20-24. As the…
Teacher shortage threatens Indonesia’s Future
Across the world, countries are facing an acute shortage of teaching talent. A combination of factors including fewer young people wanting to be teachers; low salaries; digital disruption and an exploding population have led to the current situation. According to the UN Educational, Scientific and…
Businesses brace for uncertain economic conditions and turbulent markets
With global markets shuddering in the face of a price war in oil and the economic fallout from the outbreak of the corona virus, governments across the world are racing to shore up their economies and calm nervous investors. Fears of a global recession now…
Oil Dives 31% in Worst Loss Since 1991 Gulf War as All-Out Price War Erupts
Oil markets tumbled the most since the Gulf War in 1991 on Monday (March 9) after the disintegration of the Opec+ alliance triggered an all-out price war among the world’s biggest producers Oil markets tumbled the most since the Gulf War in 1991 on Monday…
BI Expects Q1 Economic Growth to Drop to 4.9% as Virus Hurts Tourism, Trade
Bank Indonesia (BI) is predicting that weakening economic activities, especially involving tourism, exports and imports, would drag down the country’s economic growth to 4.9 percent in the first quarter before picking up again in the following months. Bank Indonesia (BI) is predicting that weakening economic…
WHO Calls for Calm after Indonesia Confirms Cases of COVID-19
Indonesia confirmed its first coronavirus cases in the country, as the UN health body raised the possibility that more cases may be detected in the near future. The World Health Organization has called on the public in general to remain calm after Indonesia confirmed its…
