On Monday (07/10) Indonesia Investments released the September 2019 edition of its monthly research report. The report aims to inform the reader of the key political, economic and social developments that occurred in Indonesia in the month of September 2019 and also touches upon key international developments that impacted on the Indonesian economy.

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Stakeholders in Indonesia’s cigarette manufacturing industry were not amused when the Indonesian government announced its plans to raise minimum prices of cigarettes and to increase the excise tax on tobacco products per 1 January 2020. Reportedly, the central government plans to raise the excise tax on tobacco products by an average of 23 percent, which will then raise the minimum price of cigarettes across categories by an average of 35 percent.

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Every once in a while, Indonesia Investments discusses the cigarette manufacturing industry of Indonesia. Although it remains a big industry in Southeast Asia’s largest economy, it did lose some of its shine over the past decade or so as it faces various challenges.

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