Indonesia has approved the long-awaited Omnibus Law, which includes several significant labour reforms.
Indonesia has issued a new regulation that provides for additional tax incentives in response to the coronavirus pandemic.
Indonesia has issued new regulations that call for the expansion of VAT to include cross-border digital transactions.
Indonesian President Joko Widodo’s government has submitted a draft bill that is widely known as the “omnibus law.” It aims to increase competitiveness, create jobs and make it to easier to do business in Southeast Asia’s largest economy.
After years of negotiation, the Trans-Pacific Partnership (TPP), a massive new trade agreement, was signed in February this year by 12 nations. If it is ratified — a big “if” — it will bring important economic benefits to member nations, which include the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru — but not China. At first glance, it may seem surprising that the world’s second-largest economy isn’t participating. But if you take a deeper look at the pact and its requirements, the reasons become clear. They also shed light on China’s ambitions and the other initiatives it is pursuing to support them, even as the future of the TPP itself becomes increasingly cloudy.
In this week's Global Glance we look at how Uber’s $3.5 billion injection may be a setback for women in Saudi Arabia; OPEC and global oil prices; and the mystery of King Tut's dagger solved.
Earlier this year Indonesia introduced strict immigration controls which were not well received by the local business community. Several of the provisions regarding business travelers and hiring quotas have been repealed.
In this week's Global Glance we look at fake social media profiles, the vulnerability of chocolate, and a 16-year-old French girl making American baseball history.
IKEA ready-to-assemble Swedish furniture warehouse is coming to greater Jakarta.
Shipments of smart devices to Mexico– PCs, tablets, and smartphones–grew 46% last year.
These are but two examples of why MINT is the latest buzz acronym for armchair traveling economists. MINT – Mexico, Indonesia, Nigeria, and Turkey
The guidelines issued last year (the DGT 43) have recently been amended by DGT 32, which provides additional guidance to taxpayers in the application of the arm’s length principle in Indonesia.