• Moody's May Cut Indonesia's Credit Rating if There Is No Tax Reform

    Credit rating agency Moody's Investors Service said it could cut its rating for Indonesia if government revenue remains weak. Indonesia needs to push for structural tax reforms in order to boost tax revenue. Since 2012 Moody's has put Indonesia at Baa3 (investment grade), while in early 2017 Moody's upgraded its outlook for Indonesia from stable to positive.

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  • Automotive Industry Indonesia: New Player Arrives from China

    Chinese car manufacturers seem not afraid to compete with their Japanese counterparts on Indonesian soil. After Wuling Motors arrived in Indonesia in mid-2017, now another Chinese car-maker, Sokonindo Automobile, has started operations in Indonesia, Southeast Asia's largest car market.

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  • Big Impact of Mount Agung Eruption on the Economy of Bali

    Indonesian authorities decided to keep Bali's Ngurah Rai International Airport closed until (at least) Wednesday morning (29/11) as volcanic ashes from Mount Agung jeopardize the safety of air traffic. Since Saturday Mount Agung has been erupting again, leading to the implementation of the highest alert code in the area. Meanwhile, Lombok International Airport, located on neighboring island Lombok, was reopened on Tuesday (28/11).

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  • Mount Agung Erupts Again: Airports on Bali, Lombok Closed

    The international airports on Bali and Lombok will be closed for at least 24 hours starting from 07:15 am local Bali time as Mount Agung blasts volcanic ash in the sky. One day earlier, Indonesia's National Disaster Management Agency (BNPB) had raised the alert code to the highest level (red code) after Mount Agung erupted again on Saturday.

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