Indonesia’s Competitiveness Ranking Drops 5 Spots as Singapore Tops List: World Economic Forum
Indonesia’s ranking in the World Economic Forum’s global competitiveness index dropped five places in 2019 to 50th out of 141 economies, while Singapore takes over the United States as the world’s most competitive country. Indonesia, the largest economy in Southeast Asia, scored 65 out of…
Indonesia to Relax Rules, Launch More Special Economic Zones to Attract Investment
Source: Reuters, October 10 2019 JAKARTA (Reuters) – Indonesia will expand and simplify tax incentives it offers for investment in special economic zones (SEZs) and develop more such areas, aiming to attract over $50 billion investment into those zones in the next decade, a senior…
Blue Bird Introduces Indonesia’s First Fleet of Electric Taxis
Source: Jakarta Globe, October 12 2019 BY YUDHA BASKORO The Blue Bird Group, Indonesia’s largest taxi operator, has added two new electric vehicle models to its fleet in the greater Jakarta area. It introduced 25 Chinese-made BYD e6 all-electric compact multi-purpose vehicles, which will operate…
Trade War: Indonesia is Not Among China’s Choices for its Industrial Relocation
Source: Kompas, October 7 2019 Writer: Akhdi Martin Pratama, Editor: Bambang Priyo Jatmiko JAKARTA, KOMPAS.com – Indonesia is said to be the only country in ASEAN to have lost its chance in taking advantage of the trade war’s effects between the United States and China. Many…
Indonesia Will Open Up to More Foreign Investment, Jokowi Says
Source: Bloomberg, October 3 2019 By Karlis Salna and Rieka Rahadiana (Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes. Indonesian President Joko Widodo said he’ll introduce sweeping changes to labor rules…
Global Trade Is Deteriorating Fast, Sapping the World’s Economy
Source: The New York Time, October 1 2019 By Peter S. Goodman LONDON — As President Trump intensifies his trade war with China, and as factories slow in major industrial nations, world commerce is deteriorating rapidly, a perilous development that threatens the health of the global…
Global Manufacturing Contraction Stretches to Longest in 7 years
Source: Financial Times, October 1 2019 By Valentina Romei in London Global manufacturing activity further deteriorated in September as exports orders fell amid an escalation in the US-China trade war. The JPMorgan Global Manufacturing PMI rose marginally to 49.7 in September from 49.5 in August, marking…
China Narrows Scope for Trade Deal With U.S. Ahead of Talks
Source: BloombergQuint, October 7 2019 By Shawn Donnan and Jenny Leonard Chinese officials suggest a broad pact is off the table U.S. president still insists any deal has to be “100% for us” (Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in…
Indonesia is Looking to Overhaul its Tax System. Here are 6 Important Changes You Need to Know
Source: The Conversation, September 24 2019 Southeast Asia’s biggest economy, Indonesia, is planning to issue a new tax law to jump-start its economy amid stagnant local and global economic conditions. The new law aims to deregulate existing tax requirements to create a more open business climate. Indonesia…
Foreigners Dump $1.2 Billion of Indonesian Stocks After Weak Growth, Protests
Source: Bloomberg, September 30 2019 Foreign investors pared their holdings of Indonesian stocks as escalating political demonstrations added to worries of a slowdown in Southeast Asia’s largest economy. Net foreign selling in the equity market reached $1.2 billion in the third quarter, set for the…