The investment board in Indonesia is ramping up initiatives to attract funds into the country as it launches a massive infrastructure programme designed to accelerate modernisation and promote growth.
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Efforts by Abu Dhabi to position itself as a leader in the clean energy sector received a boost in early June, when the International Renewable Energy Agency (IRENA) opened its global headquarters in the emirate’s clean tech-focused free zone, Masdar City.
Interviews & Viewpoints | Todung Mulya Lubis, Senior Partner, Lubis, Santosa & Maramis, on enhancing the country’s business environment from The Report: Indonesia 2015
Please don’t panic. And don’t judge the government by slower economic growth, the weakening rupiah and continuing corruption. Of course, those are reasons to be cautious, but it does not mean Indonesia should be written off. After all, Indonesia is still the largest country in the ASEAN, the fourth-most-populous nation in the world and...
Articles & Analysis | Indonesia introduces one map policy as a solution to overlapping land claims from The Report: Indonesia 2015
Indonesia successfully held its third direct elections in 2014. Although there was only a slight difference in the number of votes and the presidency had to be decided by the Constitutional Court, this did not stop the country from seeking a change of course with its new leader, President Joko Widodo. The president has promised to boost the economy by targeting economic growth...
Articles & Analysis | Changes to Indonesia's tax system and regulations for potential investors from The Report: Indonesia 2015
The Indonesian tax system is based on three primary laws: the General Tax Provisions and Procedures ( Ketentuan Umum dan Tata Cara Perpajakan, KUP) Law, the Income Tax Law, and the Value-Added Tax (VAT) and Luxury Sales Tax (LST) Law. These laws are routinely amended in order to accommodate the country’s rapidly changing business environment, as well as to support the...
Interviews & Viewpoints | Ay Tjhing Phan, Tax Leader, PwC, on tax implications for infrastructure investment: Viewpoint from The Report: Indonesia 2015
With the new government having successfully reduced fuel subsidies and revised the national budget for FY 2015, the external focus is now expected to shift to the implementation of its plans for infrastructure development. That focus will likely be on the disbursement of additional funds for infrastructure spending and the efforts of the administration to leverage...