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
The government has unveiled a new rule to guarantee working capital loans for micro, small and medium enterprises (MSMEs) in a bid to boost credit disbursement from banks, as risk aversion increases amid the COVID-19 pandemic.Finance Ministry Regul
The Finance Ministry’s State Asset Management Agency (LMAN) has reimbursed Rp 53.3 trillion (US$3.76 billion) owed to state-owned companies for land acquisition in 77 strategic national projects, including toll roads and irrigation systems, as
The government has opened the possibility of Bank Indonesia (BI) buying government bonds with a zero-coupon rate as part of a “burden-sharing” scheme to finance the battle against the COVID-19 pandemic, a senior minister said on Monday.
The government has stated it will not sell sovereign debt papers with a zero coupon rate to Bank Indonesia (BI) as part of its efforts to close the widening state budget deficit despite pressure from lawmakers to do so.Finance Minister Sri Mulyani
The government announced on Wednesday that it would place Rp 30 trillion (US$2.12 billion) in state-owned banks, associated under the auspices of Himbara, to be channeled as loans to businesses to help support economic recovery amid the COVID-19 pan
The government is calling on companies to boost their research and development to produce import substitutes to help reduce Indonesia’s reliance on foreign goods.The Industry Ministry has expressed hope such products could help it meet the ta
The Cooperatives and Small and Medium Enterprises Ministry has suspended the licensing of new savings and loan cooperatives for three months following an apparent liquidity bind in cooperative KSP Indosurya Cipta.The ministry’s secretary, Rul