Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
How is the need for infrastructure project funding being addressed by the financial services sector?
The Indonesian rupiah slumped for most of 2018, but with the currency enjoying a comeback against key global currencies such as the US dollar in early 2019, the authorities appear to have warded off a major threat to growth. The policy decisions of 2018, including monetary policy and import replacement, affirmed a sense of long-term economic...
Indonesia, one of the richest countries in natural resources with extensive oil, gas and solid mineral deposits, is also one of the largest global economies. In 2017 the economy passed the $1trn mark, making it the 16th-largest in the world. Its growing middle class, emphasis on industrialisation and services, and drive to improve...
The economy expanded by 5.2% in 2018, according to official figures from Statistics Indonesia, slightly above the previous year’s growth rate of 5.1%. This was driven by gains in major industries: construction grew by 6.3%, vehicle and retail trade by 5.1%, processing by 4.2% and agriculture by 3.9%. Strong performances were also seen in...
Foreign direct investment (FDI) inflows into Indonesia reversed a five-year trend in 2018 when they contracted for the first time in five years, with total estimated FDI inflows estimated to be down nearly 9% year-on-year. The country is facing several challenges as it seeks to boost investment – outward investment from China has been slowing...
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