The Today's Headlines section of Indonesia Investments is a daily updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines will cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.
At the start of 2018 the Indonesian government will again raise the excise tax on tobacco products (including cigarettes) in Indonesia. The tax will be raised by an average of 10.04 percent, effective per 1 January 2018. Traditionally, the government hikes the tobacco excise tax once per year in search of more tax revenue and to discourage consumption of tobacco products.
Mitsubishi Corporation is considering to relocate its Mitsubishi Fuso factory - where commercial vehicles are built - away from the city in Pulo Gadung (East Jakarta). Noboru Tsuji, Senior Vice President of Mitsubishi Corporation and Division Chief Operating Officer of the Motor Vehicle Business Division, announced this plan.
Taxpayer compliance in Indonesia has risen after the completion of the tax amnesty program in early 2017 according to Yon Arsal, Director of Tax Revenue and Compliance at the Directorate General of Taxes.
Nippon Indosari Corpindo, Indonesia's largest bread products manufacturer and the only one that is listed on the Indonesia Stock Exchange, continues to expand beyond borders. The company announced that it reached an agreement with Caffe Bene, a South Korea-based coffeehouse chain. Caffe Bene is South Korea's biggest coffeehouse chain and also owns hundreds of stores around the globe.
