You have 1 free article for this week. Get
4 free articles after Register.
The Indonesian Automotive Manufacturers Association (Gaikindo) Secretary General Kukuh Kumara believes that the government plan to cut luxury goods sales tax (PPnBM) on new 1,500cc cars will have a big impact upon economic growth.
The government rolled out a tax incentive to boost vehicle sales. An effort to keep the automotive industry alive and investors in place.
Bank Indonesia and the Financial Services Authority relax the provisions for motor vehicle ownership loans. Players in the financial industry are not bold as to boast their performance will immediately spur.
Dwi Soetjipto, Chairman of the Upstream Oil and Gas Regulatory Task Force (SKK Migas) explained his strategies to boost the oil and gas production which continues to decline and never reaches the target. Moreover, the plan for new investment is still unclear.
Negotiations between Chevron and Italy’s Eni in the Indonesia Deepwater Development project is scheduled to finish in the first quarter of 2021. Even if the transition is done according to plan, first production targets are expected to be late.
Only five months left to prepare for the transition towards a new operator for the Rokan Block. A number of problems are still unresolved, while others already await Pertamina.
The government issued permits to import raw sugar for the refined sugar industry in order to cover demand. This policy, however, is deemed insufficient to solve supply shortage for high-quality raw material suffered by a number of food and beverage companies.
Regulation guaranteeing the availability of basic material for the sugar industry has yet to be issued. Plans to limit importers remain a big question mark.
The National Energy Council plans to revise the National Energy General Plan. Relevant parties are hoping the amendment would not change the new and renewable energy development targets.
The House of Representatives is preparing to fast-track the discussions on the New and Renewable Energy Bill. Some new ideas are not accommodated.
Amidst the digital banking trend, the strategy of state financial services companies expand the conventional way. Their goal is the same: efficiency, and bolstering the reach of their services.
Supported by the capital strength of technology companies, a number of banks are preparing to become digital banks. Regulations are running behind.
The crash of flight SJ-182 is expected to put Sriwijaya Air under immense pressure and the shadows of heaping old debts.
The aviation authorities discussed a number of factors related to the crash of Sriwijaya Air Flight SJ-182. The pilot was profiled and new information about suspected damage to the plane was examined.
You have 1 free article for this week. Get
4 free articles after Register.