• Indonesia Studying to Scrap Luxury Goods Tax on Foreign Cruise Ships & Yachts

    Indonesia's Finance Minister Sri Mulyani Indrawati said her ministry is currently studying the proposal to scrap the luxury goods tax (PPnBM) for the arrival of foreign cruise ships or luxury yachts into Indonesian waters. Based on Finance Ministry Regulation No. 35/PMK.010/2017, the tariff on cruise ships or luxury yachts can be as high as 75 percent as they are categorized as luxury goods.

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  • Growth of Wheat Imports in Indonesia Continues to Decline

    Imports of wheat into Indonesia only rose by 4 percent year-on-year (y/y) to 5.97 million tons in the first half of 2018. This very modest growth is below expectations. Moreover, it means that the trend of declining wheat imports into Indonesia (that started from 2016) continues. Subdued consumer purchasing power and the weak rupiah are blamed for these weak imports.

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  • Local Festivals Form Great Strategy to Boost Local Economies

    Events that are organized in the regions of Indonesia should be able to boost the local economies as a big number of domestic and foreign people come to visit the events. These visitors need a place to stay, eat & drink, and are usually interested in buying some local souvenirs. Hence, their money is injected in the local economy.

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