News

02Oct 2017

Asian Development Bank signaled that Indonesia’s economic growth performance next year would be only 5.3%. This outlook is below the target of economic growth set by the government in the RAPBN 2018 at 5.4%. Since the beginning, ADB has predicted that Indonesia’s economic performance will grow 5.1% this year or below the target of APBN-P […]

02Oct 2017

The government is preparing to kick off its long-delayed ethanol blending program, which will run concurrently with efforts to boost the domestic electric-vehicle (EV) industry so that it can fully ban the sale of conventional, fossil-fueled cars by 2040. To further reduce the consumption of gasoline and diesel, the ministry in April issued Decree No. […]

21Apr 2017

The humble pandan cake has made headlines recently, after being named one of the world’s 17 best cakes by the US news outlet CNN. Perhaps more surprisingly, it was listed as Singapore’s national cake, an accolade it shared with neighbour Malaysia. Describing the cake as “essentially a chiffon cake” infused with green-coloured juice from the […]

21Apr 2017

Travel app and website TripAdvisor crowned Bali as the “World’s Best Destination in 2017,” the first place in Asia to top its “Top 10 Travelers’ Choice Destinations” list. Bali offers the best experiences in food, culture and ecotourism. Bali beat London in second place and Paris in third to top the list.

07Apr 2017

Working married women in Indonesia have fallen victim to the government’s enforcement of tax return form (SPT) scrutiny due to different interpretations of tax laws. There are contradictory interpretations of Article 8 of the Income Tax (PPh) Law and Article 2 of the General Taxation System (KUP) Law. Article 8 of the PPh Law stipulates […]

07Apr 2017

Radiant Utama Interinsco (RUIS) expects to book net income growth of Rp32.59b in 2017, a growth of 25% yoy. The company also targets to achieve revenue growth of 15-20% yoy to Rp1.52t-1.58t this year, as well as targeting to book new contracts of Rp3.0t, up 71.4% yoy from new contracts booking of Rp1.75t in 2016. […]

07Apr 2017

Pan Brothers (PBRX) will increase its production capacity by 6m pieces of clothes this year. Currently, the company produces 90m pieces clothes p.a.. PBRX is preparing capex of US$30m this year, which will be used to build a factory. In 2018, the company expects to produce 111m pieces of clothes.