Policy Information

Indonesia expected to achieve economic growth of 5.2% in Q1

The Coordinating Minister for Economic Affairs is optimistic that Indonesia's economic growth will exceed 51 TP3T in the first quarter of 2024, stating that Indonesia's economic target for 2024 is to grow by 5.21 TP3T. the target for this year so far is 5.21 TP3T, and of course the government hopes to...

Indonesia's VAT rise to 121 TP3T not set for next year for now

The government will discuss its policy plan to raise the value added tax (VAT) by 121 TP3T, and it has not yet been decided whether the policy will be implemented in 2025. On Wednesday (April 23, 2024), the Coordinating Minister for the Economy said that only if the national budget APB...

China-Indonesia "Two-Park" Demonstration Park, the second phase of the Food Industry Park will soon begin construction.

The Yuanhong Functional Zone of Fuzhou New District recently announced that a consortium led by CCCCI has successfully won the bid for the Food Industry Park (Phase II) project in the China-Indonesia Economic and Trade Innovation and Development Demonstration Park, which is expected to start...

China's China Development Bank allocates funds to Indonesian Railways to solve high-speed rail overruns

China's China Development Bank (CDB) has allocated US$448 million (Rp 6.9 trillion) to Indonesian Railways (KAI), a loan that will be used to cover the cost of the Jakarta-Bandung High-Speed Railway, also known as the "Whoosh" High-Speed Railway project, which will...

Indonesia Promotes Local Currency Settlement to Strengthen Regional Economic Stability

Perry Wajiyo, the governor of Indonesia's central bank, recently announced a new financial strategy that will see the start of local currency settlements for cross-border transactions with India and Saudi Arabia. Wajiyo was speaking at a Jakarta ...
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