Although Indonesia’s export receipts hit a five-year high in 2018, imports surged as the country moved to deliver a massive infrastructure development programme, bringing the trade deficit to an all-time high after three years of surplus. The country remains dependent on raw commodities for much of its export revenues, and global commodity...
Decades of growth in trade and foreign investment have made the economies of the world more interdependent than ever before. This trend has been reinforced by the steady liberalisation of international trade and investment at the bilateral, plurilateral and multilateral levels. National economic specialisations, and regional economic and...
While 2018 is unlikely to earn the description of a time of significant global trade cooperation, the year did end on a note of cautious optimism for advocates of open trade, when, at the G20 summit in Buenos Aires, the US declared a 90-day truce in its 10-month-long trade war with China. It is hoped that this ceasefire will stand, leading to...
National elections on April 17, 2019 will determine the head of state for a five-year term ending in 2024, with the two candidates on the ballot offering differing views on how to manage the country’s $1trn economy. While holding different policy positions, the contenders in Indonesia’s presidential election are very familiar, with incumbent...
While the Republic of Indonesia is just over seven decades old in its current form, the South-east Asian nation of more than 17,000 islands has a much longer history. The name Indonesia was first used in 1850 by British anthropologist James Richardson Logan in reference to the extensive group of islands that was known at the time as the Indian...
After long-term struggles to meet tax collection targets, the government rolled out a bold tax amnesty initiative in 2016. The programme – eliminating criminal prosecution and large back tax bills, and offering lower tax rates on hidden assets – has been successful, as trillions of rupiahs of onshore and offshore assets and income have been...
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