• Banking Sector Indonesia: NPL Ratio Improved in June 2017

    The non-performing loan (NPL) ratio in Indonesia's banking sector improved slightly in June 2017. Mirza Adityaswara, Senior Deputy Governor at Indonesia's central bank (Bank Indonesia), said the gross NPL ratio was 2.97 percent in June, down from 3.09 percent in the preceding month. Despite the overall still relatively high NPL ratio in the banking sector, Adityaswara believes Indonesian banks still have room for credit expansion.

    Lanjut baca ›

  • Indonesia Plans to Adjust Non-Taxable Income to Local Minimum Wage

    Indonesia's tax authorities are planning to revise the non-taxable income regulation again in an attempt to improve the nation's low tax ratio. Last year the government of Indonesia raised non-taxable income by 50 percent from IDR 36 million (approx. USD $2,700) to IDR 54 million (approx. USD $4,060), per year, in a bid to strengthen people's purchasing power and encourage household consumption. However, considering local minimum wages vary across the country's 34 provinces, the nation-wide non-taxable income level of IDR 54 million causes some problems.

    Lanjut baca ›

  • Corporate Earnings Indonesia H1-2017: Bank Mandiri

    Overall, the banking industry of Indonesia is setting a good performance in 2017 supported by rising credit growth and a lower non-performing loan (NPL) ratio. State-controlled (yet listed on the Indonesia Stock Exchange) financial institution Bank Mandiri, the largest Indonesian bank by assets, reported a 33.7 percent year-on-year (y/y) increase in net income to IDR 9.5 trillion (approx. USD $714 million) in the first half of 2017.

    Lanjut baca ›