• Telecommunication Sector Indonesia: Saturated Mobile Phone Market

    Telecommunication Sector Indonesia: Saturated Mobile Phone Market

    Another sign that the mobile phone market of Indonesia is saturated is that the number of (active) mobile phone numbers has only grown by 1 percent between the end of 2015 and the end of Q1-2016. Previously, we reported that the attractiveness of Indonesia's telecommunications market has been weakened due to sharp competition between operators, slowing profit margins and a saturating voice and SMS services market. However, there remains room for growth in data services and value-added services given Indonesia's still relatively low smartphone penetration (as well as low Internet penetration).

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  • Indonesia Investments' Newsletter of 24 July 2016 Released

    Indonesia Investments' Newsletter of 24 July 2016 Released

    On 24 July 2016, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economic matters such as Indonesia's tax amnesty program, fiscal stability, Bank Indonesia's monetary policy, the pharmaceutical industry, global economic growth forecasts of the IMF and ADB, company profiles, and more.

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  • Tax Amnesty: Singapore Banks Eager to Keep Indonesian Assets Offshore

    Tax Amnesty: Singapore Banks Eager to Keep Indonesian Assets Offshore

    Allegedly, several Singaporean banks try to keep Indonesian funds within the country by offering tax incentives to their Indonesian clients. These banks are concerned that Indonesia's tax amnesty program will lure taxpayers to repatriate their funds into Indonesia. Under Indonesia's amnesty program tax evaders obtain tax incentives (and impunity from prosecution) to declare and - if desired - repatriate their offshore funds into Indonesia. Although it is illegal to request Indonesian clients not to declare these assets to Indonesian tax authorities, it is legal to offer an incentive to keep the assets in Singapore.

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  • Fiscal Credibility Indonesia Supported by Tax Amnesty Program

    Fiscal Credibility Indonesia Supported by Tax Amnesty Program

    Foreign investors have increased holdings of government bonds by IDR 96.45 trillion (approx. USD $7.4 billion) between the start of 2016 and Wednesday 20 July 2016. In total, foreigners now hold IDR 654.97 trillion (approx. USD $50 billion) worth of Indonesia's government bonds. This reflects strong investor appetite for (relatively) safer state assets amid economic uncertainties related to looming monetary tightening in the USA, the Brexit issue and sluggish global economic growth, but it also shows that foreign investors have confidence in Indonesia's fiscal fundamentals.

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