Recently, the Ministry of Finance issued Regulation No. 140/PMK.030/2017 on Procedures for Withholding Income-Tax Exemptions for Investment Returns and Funds Growth Deriving from Social Security Fund Assets (New Regulation). The New Regulation is an implementation of Article 5 (4) of the Government Regulation no. 73 of 2016 on Income Tax for Social Security Programs Organized by the Social Security Agency (BPJS).
The Business Columns section of Indonesia Investments provides in-depth columns that exhibit an analysis regarding subjects that are both important for understanding the Indonesian business climate and have high news value in the current state of Indonesia's economy. As a whole these columns should provide the reader a thorough and detailed picture of multiple Indonesian business sectors and be a source of ideas or inspiration to invest - or not to invest - in specific sectors of the Indonesian economy.
Indonesia's Nikkei manufacturing purchasing managers' index (PMI) grew to a reading of 50.4 in November 2017, slightly improving from 50.1 in the preceding month when broad stagnation was detected. A reading above 50.0 indicates expansion in the manufacturing sector, while a reading below 50.0 indicates contraction. Indonesia's November manufacturing growth was primarily caused by accelerating expansion in output and new orders.
On November 6, 2017 the Ministry of Manpower issued regulation number 18 of 2017 on the procedures for online reporting of the mandatory manpower report (New MOM Regulation). The New Regulation revokes Government Regulation number PER.14/MEN/IV/2006 (Old Regulation), which previous regulated the reporting procedures. The New Regulation provides a set of guidelines to companies on how to perform the reporting through the new online system of the Ministry of Manpower. In this column we discuss the online reporting requirement and the use and management of data.
Shares of Gudang Garam, Indonesia's leading kretek (clove cigarettes) producer, surged 1.92 percent to IDR 79,500 on Friday (24/11). So far this year the company's shares, listed on the Indonesia Stock Exchange, have risen 24.4 percent. This is remarkable considering there are plenty of negative issues going on in Indonesia's cigarette industry.
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.