Today's Headlines in Indonesia

The Today's Headlines section of Indonesia Investments is a regularly updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.

  • Saudi Arabian Airlines Plans to Increase Flights to Indonesia

    Saudi Arabian Airlines, the Jeddah-based flag carrier airline of Saudi Arabia, plans to increase its flight frequency to Indonesia's capital city of Jakarta from 14 flights to 18 flights per week. According to Marwan M. Altoumah, Saudi Airlines' Area Manager for Indonesia, Australia and New Zealand, demand for flights between Saudi Arabia and Indonesia is on the rise and therefore the airline wants to cater this demand. By the end of the year, Saudi Arabian Airlines intends to submit its request for additional flights to Jakarta and Surabaya.

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  • Indonesia and the Panama Papers: Names and Numbers

    Reportedly, around 3,000 Indonesian individuals and companies are mentioned in the Panama Papers, the massive leak involving around 11.5 million confidential documents from the database of the world's fourth-largest offshore law firm, Mossack Fonseca. These documents show how political figures as well as celebrities, sport stars and businessmen exploit secretive offshore tax regimes. Icelandic Prime Minister Sigmundur David Gunnlaugsson became the first victim of the leakage (he resigned on Tuesday). What about Indonesia and the Panama Papers?

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  • Indonesia's Tax Revenue Weak in Q1-2016, Plans Personal Income Tax Rate Cut

    Indonesian Finance Minister Bambang Brodjonegoro announced on Tuesday (05/04) that Indonesia's tax revenue reached IDR 194 trillion (approx. USD $14.7 billion) in the first quarter of 2016, down 2.1 percent from tax revenue in the same period one year earlier. Brodjonegoro blamed this poor result on lower income from value-added taxes (VATs) due to tax restitution and people's low consumption amid sluggish economic growth. Meanwhile, he informed that Indonesia plans to cut the personal income tax, a move aimed at boosting tax compliance.

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  • Indonesia Rich List & Panama Papers: How are Indonesia's Billionaires Doing in 2016?

    How did Indonesia's richest billionaires do during Indonesia's slowing economic growth in 2015 when gross domestic product (GDP) hit the five-year low of 4.79 percent (y/y)? Comparing the wealth of the top ten of richest Indonesians in April 2016 and December 2014 there were only three Indonesian billionaires that saw their net worth rising. Meanwhile, this article also takes a quick look into which Indonesian tycoons or well-known businessmen were listed in the Panama Papers, one of history's largest document leaks.

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