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Today's Headlines Sofjan Wanandi

  • Three Giant Businessmen Join Indonesia's Tax Amnesty Program

    Three Giant Businessmen Join Indonesia's Tax Amnesty Program

    The ambitious tax amnesty program of the Indonesian government received support from three influential Indonesian businessmen. The first, James Riady, Chief Executive of the Lippo Group (and son of Mochtar Riady, the founding father of this huge conglomerate), joined the program by handing over his tax declaration documents to Indonesia's Tax Office on Friday (02/09). This declaration took place in front of an audience consisting of Indonesian press and therefore may cause some momentum for the controversial program that experienced a sloppy start.

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  • Demand for Higher Minimum Wages Hurts Indonesia's Investment Climate

    On Monday (28/10), another large-scale demonstration took place in the center of Jakarta, Indonesia's capital city. The workers that participated in the strike demanded a new minimum wage for Jakarta's provincial government due to the country's recent high inflation rate after prices of subsidized fuels were raised in June 2013, thus curbing people's purchasing power. The workers demand for the new minimum wage of IDR 3.7 million (USD $327) per month. However, these developments can hurt the investment climate in Indonesia.

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Latest Columns Sofjan Wanandi

  • SBY Declines but Joko Widodo Set to Curb Indonesia’s Fuel Subsidies

    SBY Declines but Joko Widodo Determined to Curb Indonesia’s Fuel Subsidies

    In the past days, Indonesia’s fuel subsidy policy has been in the spotlight of Indonesian media continuously. When it was reported that incumbent President Susilo Bambang Yudhoyono (SBY) and newly elected president Joko Widodo would meet on the island of Bali this week to discuss various transitional matters, speculation emerged that the country’s generous fuel subsidies, which seriously burden the government’s budget as well as current account, might be wound down before the new government is inaugurated in October 2014.

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