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Economy
Economy
Low Factory Utilization Is Very Dangerous
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.
Economy
Multi-Mission Incentive
The government rolled out a tax incentive to boost vehicle sales. An effort to keep the automotive industry alive and investors in place.
Economy
Stimulus Modest Welcoming
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.
Economy
We Should Be More Flexible
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.
Economy
Chevron's Successor
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.
Economy
Rokan’s Ongoing Saga
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.
Economy
Bitter Aftertaste of Sugar Import Licensing
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.
Economy
Anticipating Sugar Regulations
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.
Economy
The New Energy Map Riddles
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.
Economy
The Long-Awaited Regulations
The House of Representatives is preparing to fast-track the discussions on the New and Renewable Energy Bill. Some new ideas are not accommodated.
Economy
A Roundabout Route to the Market
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.
Economy
Ahead of Rules
Supported by the capital strength of technology companies, a number of banks are preparing to become digital banks. Regulations are running behind.
Economy
Awaiting Cure for Sriwijaya
The crash of flight SJ-182 is expected to put Sriwijaya Air under immense pressure and the shadows of heaping old debts.
Economy
The Mystery of SJ-182 Flight
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.