• Stock Market Update Indonesia: Week of Foreign Capital Outflows

    Over the past trading week foreign investors continued to sell more Indonesian shares than they bought. Foreigners recorded a net sell of IDR 1.47 trillion (approx. USD $111 million) during the past week, hence reducing the year-to-date (accumulated) net buy to a modest IDR 484.7 billion (approx. USD $36 million).

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  • Upstream Textile Industry of Indonesia Requests Tax Exemption

    The upstream textile industry of Indonesia urges the Fiscal Policy Office (in Indonesian: Badan Kebijakan Fiskal, or BKF) to exempt local raw materials - supplied by local manufacturers - from VAT. Redma Gita Wirawasta, Secretary General of the Indonesian Synthetic Fiber Producers Association (APSyFI), said he has discussed this proposal during several recent meetings with the BKF.

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  • High Steel Price May Disturb Indonesia's Construction Projects

    Steel manufacturers are concerned that the recent surge in steel prices may disrupt domestic infrastructure development projects. Purwono Widodo, Director International Relations at the Indonesian Iron & Steel Industry Association (IISIA), said the price of steel - particularly hot rolled coil - has continued to increase, especially in the last two months.

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