United Kingdom

Maikel Jefriando

Indonesia drafting rules to apply VAT on online products and services

7:14am BST

JAKARTA Indonesia is drafting new rules to impose value added tax to online products and services provided by offshore companies, as authorities target a bigger slice of revenue from the country's fast-growing digital market, a top tax official told Reuters.

Indonesia business urges govt to raise tariffs on China steel

12 Jul 2019

JAKARTA, July 12 Indonesian business groups want the government to hike tariffs on Chinese steel to rein in cheap imports, as the Southeast Asian country's top steel producer said its restructuring would bring large layoffs.

Indonesia asks China for special fund under Belt and Road - ministers

03 Jul 2019

JAKARTA Indonesia has asked China to set up a special fund within its Belt and Road Initiative (BRI) for investment in Southeast Asia's largest economy, after offering China projects worth $91 billion (72.41 billion pounds), government officials said on Wednesday.

Indonesia president calls for unity after court upholds his election win

27 Jun 2019

JAKARTA Indonesia's Constitutional Court on Thursday upheld the victory of President Joko Widodo in April's election, dismissing allegations by the opposition that the vote to lead the world's third-biggest democracy was rigged.

UPDATE 3-Indonesia c.bank cuts bank reserve requirements, says next rate move is down

20 Jun 2019

* BI governor says rate cut a "matter of timing and magnitude"

Banks in a bind as Indonesia looks to cut interest rates

31 May 2019

JAKARTA, May 31 After aggressively hiking rates six times last year, Bank Indonesia (BI) signalled this month it could follow other central banks in Asia by easing in a bid to fire up flatlining growth in Southeast Asia's biggest economy.

Indonesian protesters disperse after second night of post-election unrest

23 May 2019

JAKARTA Calm returned to the streets of the Indonesian capital on Thursday after a second night of clashes between security forces and protesters angry about the outcome of last month's election, which handed President Joko Widodo a second term.

UPDATE 1-Indonesia c.bank holds key rate as rupiah worries block a cut

16 May 2019

JAKARTA, May 16 Indonesia's central bank on Thursday kept its key interest rate unchanged as expected, while the governor hinted he wants to cut but cannot do it yet given the country's current account gap and global uncertainties.

Indonesia first-quarter GDP growth misses forecast as investment cools

06 May 2019

JAKARTA Indonesia's economy expanded more slowly than expected in the first quarter of this year, as investment dropped ahead of elections and campaign spending failed to sustain growth momentum.

Corrected: Indonesia first-quarter GDP growth slower than expected as investment cools

06 May 2019

JAKARTA Indonesia's gross domestic product grew more slowly than expected in the first quarter of this year, as investment dropped and prices of its main commodities softened, data from the statistics bureau showed on Monday.

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