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...
Commodities exports are an important part of the Indonesian economy, and the country has been negatively affected by a slump in global prices, with export receipts contracting significantly since 2012. Although much of this is due to weakening demand in China, Europe and the US, the recent introduction of several protectionist policies –...
Authorities have considerably reduced the current account deficit, which fell to historic lows in 2016. Improved fiscal management led to global ratings agency Standard & Poor’s upgrading Indonesia’s sovereign credit rating in May 2017, which should encourage greater capital inflows. Meanwhile, a gradual rise in commodities prices will...
What measures and policies can further support Indonesian GDP growth in the coming years?
As Indonesia’s natural gas production continues to recede from its peak in 2009, the government is looking to boost upstream activity by proposing four high-potential oil and gas projects for the list of national strategic projects (PSN). Under this programme, which was initiated by presidential decree in 2016, infrastructure projects deemed...
What can be done to further facilitate the development of independent power producers (IPPs)?
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