• Can Indonesia Become the Silicon Valley of Southeast Asia?

    In June 2016 the "1,000 digital startup movement" was launched by Indonesia's Communication and Information Ministry in cooperation with KIBAR, the nation's technology startup ecosystem builder. This government-backed program targets to see 1,000 startups in the digital economy by the year 2020 with a combined valuation of USD $10 billion. Considering that digitalization has been a key trend around the globe (covering basically all aspects of life), Indonesian authorities want this sector to boom in Indonesia as well, which would also make the whole economy more efficient.

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  • Tax Amnesty Program Indonesia: First Phase Extended?

    According to reports in Indonesian media, President Joko Widodo is willing to extend the deadline for the first phase of the government's tax amnesty program. Originally, this first phase, which sets the most attractive tax rates for those who decide to declare previously undeclared assets and - if desired - repatriate their offshore assets into Indonesia, was designed to end on 30 September 2016. Rosan Roslani, Chairman of Indonesia's Chamber of Commerce and Industry (Kadin Indonesia), said Widodo is willing to extend the deadline on request of Indonesia's business community.

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  • Indonesia Stock Exchange Pushes for Dual Listing in New York

    The Indonesia Stock Exchange (IDX) encourages those companies listed in Indonesia to list their shares on other exchanges as well, particularly the New York Stock Exchange (NYSE). Through such dual listings Indonesian companies can manage to attract more global attention and investors. IDX President Director Tito Sulistio said the IDX has sent 100 invitations to locally-listed companies to visit the NYSE in order to learn more about the possibility to engage in a dual listing.

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  • Food & Beverage Industry Indonesia: Exports Rising Sharply

    Indonesia's exports of processed food and beverage products may surpass the level of USD $8 billion this year, up around 33 percent (y/y) from the realization of USD $6 billion in 2015. Rising food and beverage exports are the result of an improving global economic environment. Adhi Lukman, General Chairman of the Indonesian Food and Beverage Association (Gapmmi), informed that Indonesia's rapidly rising processed food and beverage exports are particularly supported by growing demand from other ASEAN countries.

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