Other Briefings
Tax Hike Makes Luxury Cars in Indonesia Even More of a Luxury
Regulations issued by the Indonesian Ministry of Finance hike the luxury-goods sales tax (LCT) on luxury cars by two-thirds to 125 percent.
East Java Attracts Second Largest Amount of FDI in Indonesia
The Indonesian province of East Java attracted US$3.39 billion in foreign direct investment in 2013, the second largest amount in the country after Jakarta, the capital of Indonesia. This amount represented a growth of 91.5 percent over 2010.
Growth in Indonesia’s Tourism Sector Outpaces Other G20 Members
Indonesia’s tourism industry is the fastest growing among the G20 nations, contributing nearly 10 percent to the country’s GDP last year.
Indonesians Prepare to Vote in National Elections
On April 9, Indonesians will vote in the fourth round of national legislative elections since the fall of Suharto’s New Order in 1998.
Indonesia’s Ban on Raw Mineral Exports Takes Effect
On Sunday, January 12th, Indonesia’s controversial ban on raw mineral ore exports took effect an hour after President Susilo Bambang Yudhoyono signed off on some eleventh hour exemptions. The rationale behind the ban is to encourage the domestic processing of raw mineral ore into higher value metal products. The hope is that a greater share […]
ASEAN Infrastructure Fund Grants First US$25 Million Loan to Indonesia
Dec. 10 – The Asian Development Bank’s new ASEAN Infrastructure Fund (AIF) has granted its inaugural loan to an Indonesian electricity project. The US$25 million loan will go towards developing power links and expanding transmission networks from Java to Bali. Improvements are needed to solve widespread power outages and blackouts that are negatively impacting Indonesia’s […]
Indonesia Focuses on Improving Investment Climate
Dec. 6 – In Indonesia, securing long-term investment remains a high priority following a summer of sudden capital outflows. “We need to implement breakthroughs to improve our investment climate,” said Perry Warjiyo, Deputy Governor of Bank Indonesia, the country’s central bank. “That’s the key to attracting foreign direct investment.” There has been some progress in […]
Indonesia Seeks Private Investors for Massive Infrastructure Upgrade
Nov. 15 – On Wednesday, Indonesia announced US$35 billion plans for new infrastructure projects to address what many view as the single largest deterrent to investment in Southeast Asia’s largest economy. Coming a day after senior executives at the World Bank vocalized concerns about Indonesia’s deteriorating infrastructure, the Indonesian government announced that of the 56 […]
New Issue of Asia Briefing: Work Visa and Permit Procedures Across Asia
In this edition of Asia Briefing Magazine, we outline the specific documents required for foreign nationals working in China, India, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, as well as highlight the relevant application processes in each of these countries. Attention is also given to the role of the sponsoring company and the regulations they must adhere to.
First Round of RCEP Negotiations Conclude
The first round of negotiations on the Regional Comprehensive Economic Partnership (RCEP) wrapped up on Sunday after being launched by the Association of Southeast Asian Nations (ASEAN) and six free trade agreement (FTA) partners last week.
