• Tax Income Indonesia: Sliding Tax Ratio & Tax Buoyancy in 2017

    Indonesia's tax revenue realization grew 12.3 percent year-on-year to IDR 78.5 trillion (approx. USD $5.8 billion) - which includes tax income from the oil & gas sector - in January 2018 supported by accelerating economic growth and higher commodity prices. However, there remain major concerns about Indonesia's tax revenue realization and the country's tax buoyancy as well as tax-to-GDP ratio.

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  • Astra International Also Invests in Indonesia's First Unicorn Go-Jek

    Astra International Also Invests in Indonesia's First Unicorn

    One of Indonesia's biggest conglomerates, Astra International, announced earlier this week that it decided to invest USD $150 million in ride-hailing app Go-Jek, Indonesia's first unicorn. Go-Jek, which delivers a range of on-demand services (but is most widely known for its online motorcycle and car taxi services), is now valued at USD $4 billion.

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  • Indonesia's Rupiah Currency Expected to Rebound Soon

    Indonesia's Rupiah Currency Expected to Rebound Soon

    Over the past two weeks the Indonesian rupiah depreciated significantly, passing beyond the IDR 13,600 per US dollar level. Also on Monday (12/02) rupiah weakening continued albeit very limited. By 15:25 pm local Jakarta time the currency of Indonesia had weakened 0.05 percent to IDR 13,635 per US dollar (Bloomberg Dollar Index).

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  • Current Account Balance of Indonesia: Expected to Widen in 2018

    Current Account Balance of Indonesia: Expected to Widen in 2018

    Indonesia's current account balance - the sum of the balance of trade (goods and services exports less imports), net income from abroad and net current transfers - showed a deficit of 1.7 percent of gross domestic product (GDP) in 2017, narrowly improving from a 1.8 percent deficit in the preceding year and constituting the lowest deficit since 2012.

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