• Indonesia & ASEAN Economic Community (AEC) - Introduction

    Per 1 January 2016 the ASEAN Economic Community (AEC) came into effect. This community implies stronger cooperation and integration among the ten member countries in Southeast Asia. According to its blue print the AEC involves the launch of a single market and production base among its member nations, hence allowing the free flow of goods, services, investment, and skilled labor as well as the freer flow of capital. Indonesia is one of the member countries.

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  • Terrorism Indonesia: Impact on Starbucks' License Holder Mitra Adikperkasa

    Mitra Adiperkasa, the retail company that holds the license to operate Starbucks in Indonesia, said its corporate performance will not be too much affected by the terrorist attacks in Jakarta. The company's Starbucks branch located at Jalan MH Thamrin No. 9 in Central Jakarta was target of Muslim militants on Thursday (14/01). After the attacks Mitra Adiperkasa closed all its Starbucks branches in Jakarta for the day. On Friday (15/01) the branches reopened with the exception of the Thamrin branch that was heavily damaged by the terrorist actions.

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  • Property Sector: Tax Incentive for Indonesia's First-Time Home Buyers

    Through the revision of an existing regulation the Indonesian government aims to support growth in the nation's property sector. The revision involves a tax incentive that allows Indonesia's first-time home buyers to obtain a subsidized lending rate (mortgage). Those first-time home buyers who have a maximum monthly income of IDR 7 million (approx. USD $504) are eligible to enjoy this incentive that falls under the Housing Loan Liquidity Facility (Fasilitas Likuiditas Pembiayaan Perumahan, abbreviated FLPP).

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  • Terror Attacks in Jakarta: Police Arrests 3 People in Depok

    Early in the morning of Friday (15/01), Indonesia's counter terrorism squad (known as Densus 88) arrested three people in connection with the terrorist attacks that occurred in Central Jakarta on Thursday. The attacks yesterday led to seven casualties (two civilians and five terrorists) as well as more than 20 injured people. Today's arrests were made in Depok, located not far from Indonesia's capital city of Jakarta.

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