• Business Leaders Indonesia Reject Mandatory CSR Program

    Business Leaders Indonesia Reject Mandatory CSR Program

    Indonesia's business community rejects the proposal of the House of Representatives (DPR) to impose mandatory corporate social responsibility (CSR) programs on Indonesian companies. A proposal that is being discussed among the DPR stipulates that companies need to allocate about 2 - 3 percent of their annual spending for their CSR programs. Hariyadi Sukamdani, Chairman of the Indonesian Employers Association (Apindo), informed that Indonesian employers generally reject the proposal. Instead the government should focus on improving companies' tax compliance (which remains very low).

    Lanjut baca ›

  • 13th Economic Policy Package Indonesia: Low-Cost Housing

    13th Economic Policy Package Indonesia: Low-Cost Housing

    Earlier this week the government of Indonesia released its 13th economic policy package. This 13th edition focuses on the reduction of bureaucracy (red tape) in a bid to boost the construction of low-cost housing for the poorer segments of Indonesian society. Currently, property developers are required to obtain 33 permits before they can start to build affordable housing for the low-income people of Indonesia. This results in a costly and time-consuming process.

    Lanjut baca ›

  • Profit of Indonesia's State-Owned Energy Firm Pertamina Soars 221%

    Profit of Indonesia's State-Owned Energy Firm Pertamina Soars 221%

    Indonesia's fully state-owned energy company Pertamina saw its net profit grow by a whopping 221 percent (y/y) to USD $1.83 billion in the first half of 2016. This remarkable performance is attributed to the company's enhanced operational performance and efficiency in the upstream and downstream segments. Dwi Soetjipto, General Director of Pertamina, that despite the oil and gas industry being plagued by major challenges, Pertamina managed to take its responsibility in terms of the energy supply, being the nation's foremost local energy supplier.

    Lanjut baca ›

  • Housing Backlog Indonesia to Fall to 6.8 Million Units by 2019?

    Housing Backlog Indonesia to Fall to 6.8 Million Units by 2019?

    The government of Indonesia may succesfully curb the nation's housing backlog figure to 6.8 million units by 2019. Providing adequate housing for the poorer segments of Indonesian society is one of the key tasks of the Indonesian government (for example through its 'one million houses' [per year] program). In 2015 Indonesia's housing backlog declined by 16 percent (y/y) to 11.4 million units according to the data from Indonesia's Statistics Agency (BPS). With enough effort of the government and private sector the figure should continue to drop in the foreseeable future.

    Lanjut baca ›