• Income Tax on Dividends from Foreign Controlled Companies Revised

    Income Tax on Dividends from Foreign Controlled Companies Revised

    Recently the Ministry of Finance issued Regulation number 107/PMK.03/2017 on the Determination of the Moment of Acquisition of Dividends and the Basis for Their Calculation by Domestic Taxpayers for Capital Participation in Overseas Non-Listed Companies (New Regulation). Previously these matter were regulated under the Ministry of Finance Regulation number No. 256/PMK.03/2008 and the Minister of Finance Decision number 164/KMK.03/2002 (Old Regulations). The New Regulation focuses on income tax which is levied on dividends from controlled, non-listed foreign companies.

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  • Indonesian Property Companies in Focus: Ciputra Development

    Indonesian Property Companies in Focus: Ciputra Development

    Ciputra Development, one of Indonesia's leading property companies with 75 projects spread across 33 cities, is increasingly focused on diversifying its portfolio outside the island of Java. The company has expanded to Sumatra, Kalimantan and Sulawesi as it wants to "bet on more than one horse" to improve its corporate earnings.

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  • Developing Upstream Facilities in Indonesia's Pharmaceutical Industry

    Developing Upstream Facilities in Indonesia's Pharmaceutical Industry

    Vincent Harijanto, Head of the Indonesian Pharmaceutical Association (GP Farmasi) business development committee, said about 95 percent of raw materials used in Indonesia's pharmaceutical industry need to be imported from abroad. This dependence on imports causes several problems, for example prices of pharmaceutical products are relatively high on the Indonesian market, while Indonesian pharmaceutical companies (and Indonesian consumers) can suddenly face rising prices in times of rupiah depreciation.

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  • Portfolio Watch Indonesia: What about Nippon Indosari Corpindo?

    Portfolio Watch Indonesia: What about Nippon Indosari Corpindo?

    Over the past couple of weeks shares of Indonesia's largest bread products producer Nippon Indosari Corpindo have been recovering modestly after a severe plunge that occurred between mid-May and early July this year. On Monday (11/09) shares of the company were up 0.40 percent to IDR 1,250 a piece. So far this year, however, its shares have slid nearly 22 percent.

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The views expressed in these business columns are the views of the authors or the interviewed persons only and therefore do not necessarily reflect the views of Indonesia Investments. The authors are free to ventilate their opinions about the Indonesian business climate. Facts presented in these columns are the result of the author's own research or indicated sources, read disclaimer
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