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.

  • Garuda Indonesia & PLN to Use Fixed Assets Revaluation Incentive

    After the government of Indonesia announced that, effective immediately, a tax incentive is offered to those companies that revalue their fixed assets (as part of the government's fifth stimulus package), both fully state-owned utility firm Perusahaan Listrik Negara (PLN) and partially state-owned airline Garuda Indonesia started to prepare proposals for asset revaluation. A revaluation would increase their equity, allowing them to obtain more loans for business expansion.

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  • Indonesia Stock Market & Rupiah: Strong on ECB Stimulus Expectation

    In line with other Asian emerging assets, Indonesian stocks and the rupiah strengthened on Friday (23/10). The positive performance is mainly on the back of more stimulus measures by key central banks. Yesterday (22/10), Mario Draghi, Head of the European Central Bank (ECB), said the ECB may increase stimulus measures at the December policy meeting to raise inflation and boost the economy of the Eurozone.

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  • Bank Indonesia Cuts 2015 Inflation Projection to 3.6%

    The central bank of Indonesia (Bank Indonesia) expects to see a sharp slowdown in inflation in the last couple of months of 2015. Currently, the annual inflation pace stands at 6.83 percent (y/y). However, by the year-end Bank Indonesia estimates the consumer price index to have eased to 3.6 percent (y/y), which would be in the lower range of its 2015 inflation target (3-5 percent y/y). This update was given by Bank Indonesia Governor Agus Martowardojo when meeting the Financial Sector Stability Coordination Forum (FKSSK).

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  • Stimulus Measures Indonesia: Tax Incentive Revaluation Fixed Assets

    Effective immediately, the government of Indonesia introduced a new tax incentive that makes it more attractive for companies to revalue their fixed assets. Previously, companies had to pay a ten percent tax on the company's fixed asset growth. As a result, companies tended to refrain from increasing the level of fixed assets resulting in limited tax revenue. The Indonesian Finance Ministry said that companies will only have to pay 3 percent tax on the increased amount, provided that they submit their proposals for fixed asset revaluation before the end of this year.

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