• Corporate Tax Indonesia Not to Be Cut Before 2016

    On Monday (11/05) it was reported - quoting an Indonesian tax official - that Indonesian President Joko Widodo had already ordered to cut the country’s corporate tax rate from 25 percent currently to below 18 percent in a bid to attract more investment and to make Indonesia’s business environment more competitive (for example, Singapore’s corporate tax is currently 17 percent). One day later, however, Finance Minister Bambang Brodjonegoro stated that, if the corporate tax is to be revised, it will be next year at the earliest.

    Lanjut baca ›

  • IPO Pembangunan Perumahan Properti on the Indonesia Stock Exchange

    Indonesian property firm Pembangunan Perumahan Properti (PP Properti), which conducts its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) this month, expects to raise IDR 908.8 billion (USD $69 million) for further business expansion through this corporate action. This figure is much lower than its initial target of IDR 1.57 trillion. PP Properti plans to sell 35 percent of the company’s enlarged capital. The price per share is set at IDR 185 with the offering period between 11 and 13 May 2015.

    Lanjut baca ›

  • Indonesia’s Rupiah Weak on US Dollar Strength & Greek Debt Concerns

    The Indonesian rupiah is again depreciating. On Tuesday (12/05), the rupiah had depreciated 0.39 percent to IDR 13,206 per US dollar by 11:51 am local Jakarta time based on the Bloomberg Dollar Index. The primary reason for this weak performance today is US dollar demand amid heightened concerns about Greece’s debt situation. Talks between the Greek leftist government and its international partners are heading toward a crucial phase. As a result, the greenback is appreciating against almost all Asian currencies.

    Lanjut baca ›

  • Pengungsi Rohingya Diselamatkan di Laut dekat Provinsi Aceh

    Selama dua hari terakhir lebih dari 900 migran (diduga adalah etnis Muslim Rohingya dari Myanmar dan Bangladesh) telah diselamatkan dari perahu-perahu kayu yang kelebihan penumpang di wilayah pantai Provinsi Aceh pada ujung utara Pulau Sumatra. Setelah dilihat oleh nelayan-nelayan lokal, kapal-kapal ini diderek ke daerah pesisir Aceh. Sementara itu, di Malaysia lebih dari 1.000 migran dari Myanmar dan Bangladesh ditemukan di daerah laut dangkal dekat Langkawi setelah ditelantarkan oleh para penyelundup manusia.

    Lanjut baca ›