Indonesia among preferred markets in ASEAN, DBS says

Indonesia is still among the preferred Southeast Asian markets for investment amid the country’s continuous fight against COVID-19, backed by strong household spending and a young working population, Singapore’s largest bank, DBS, has st

Need for insurance rises as pandemic poses risks

Indonesians have become more interested in insurance to mitigate uncertainty regarding their health and personal finances brought about by the pandemic, yet insurance penetration is still low in Southeast Asia’s biggest economy, financial plan

Government unveils criteria for tech firms to collect VAT

The Taxation Directorate General has unveiled the criteria for technology firms expected to collect value-added tax (VAT), including the transaction value and traffic, as the government ramps up efforts to increase state revenue during the coronavir

China's June factory activity quickens to three-month high: official PMI

China’s factory activity expanded at a faster pace in June, beating expectations, as the economy continues to recover after the government lifted strict lockdowns and ramped up investment, but weak global demand is likely to be a drag on growt

BPK conducts investigative audit on OJK, state-owned companies in Jiwasraya case

The Supreme Audit Agency (BPK) has been auditing the financial system authority and several state companies as part of its investigative audit on state-owned insurer PT Asuransi Jiwasraya following the Attorney General’s Office's (AGO) dec

Asia stocks set to rise on upbeat data, focus on China PMI

Asian markets were poised to follow Wall Street’s firm lead on Tuesday as the sentiment boost from upbeat US data outweighed the threat of rising COVID-19 infections in the world’s largest economy.Investors cheered strong US h

Seven companies to relocate facilities to Indonesia, invest $850m

President Joko “Jokowi” Widodo announced on Tuesday that seven foreign companies had confirmed plans to relocate production facilities to Indonesia, mostly from China, an encouraging signal for the country’s investment climate amid

Automakers rev up discounts to beat coronavirus sales blues

In the midst of a raging pandemic, Belal Bilto, 26, a sales executive and a Manhattan resident bought a midsize pickup Jeep Gladiator this month for just over US$48,000, lured by a discount of about $5,000 on the list price and a seven-year, no-inte

Insurance ‘myths’ contribute to public reluctance

Several myths surrounding insurance have contributed to the reluctance among the public at large to purchase its products, according to major insurer Allianz Life Indonesia.Allianz Life Indonesia chief marketing officer Karin Zulkarnaen explained t

Executive column: Nissan Indonesia CEO shares details of business plan after plant closure

Nissan Motor Indonesia (NMI), the local arm of Japanese carmaker Nissan Motor, has officially closed its plant in the country following discouraging sales and a global restructuring plan to improve the brand’s finances after reporting a US$6.2