April 7, 2015 edition
TAX
Revenue Slumps, Tax Target Remains
AS of March 27, national tax revenue was recorded as Rp 170 trillion, or 13.66 per cent of the government's targeted annual total of Rp 1,244 trillion. The finance ministry said that this should not be a cause for alarm. "Our focus is on the tax reporting agency (SPT) submission at the end of April," said Finance Minister Bambang Brodjonegoro, last Monday.
Revenue Slumps, Tax Target Remains
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January 1, 1970 edition
SOES
Management Turnover in State-Owned Companies
Shareholders are shaking up management of many state-owned enterprises (SOEs). A general meeting of shareholders of Bank Negara Indonesia (BNI) resulted in the appointment of Ahmad Baiquni as CEO, replacing Suwondo, whose term in office has expired. The meeting, held on Tuesday last week, also resulted in the appointment of former coordinating minister of the economy Rizal Ramli as president commissioner, and former independent commissioner of Bank Mandiri as deputy president commissioner.
Management Turnover in State-Owned Companies
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January 1, 1970 edition
INVESTMENT
Mining sector DominatesInvestment Plan
At the end of February, the government's investment commitments reached US$43 billion. The majority has been earmarked for downstream mining, oil and natural gas industries (US$29.8 billion) as well as import-substitution industries (US$8.5 billion).
Mining sector DominatesInvestment Plan