by Teuvo Tuomi | Jan 17, 2025 | Indonesia, Investment, News, Reports, Technology
Indonesia’s standard VAT rate rose to 12% in January. This adjustment targets luxury goods and services while maintaining exemptions for essentials like staple foods and healthcare. For businesses, this change represents both a compliance challenge and an opportunity...
by Teuvo Tuomi | Jan 9, 2025 | Economy, Indonesia, News, Southeast Asia
To bolster its economy, Indonesia has joined the BRICS economic alliance, founded by Brazil, Russia, India, China, and South Africa. This development coincides with President Prabowo Subianto’s ambitious target of achieving 8% GDP growth. As Jakarta aligns itself with...
by Teuvo Tuomi | Dec 31, 2024 | ASEAN, Asia, Business, Economy, Indonesia, Malaysia, News, Singapore, Thailand
We all hope that 2025 will start on a positive note. Here are some of the main regional topics for the January 2025, listed by Nikkei Asia: Malaysia takes up ASEAN chair Malaysia takes up the rotating chair of the Association of Southeast Asian Nations (ASEAN) as...
by Teuvo Tuomi | Dec 18, 2024 | Business, Indonesia, Investment, News, Reports, Visas
Indonesia’s new Golden Visa scheme has not brought as much investment into the country as hoped, according to the year-end report from the Directorate General of Immigration. “The investment is Rp 9 trillion (US$561.7 million) as of the end of this month,” the...
by Teuvo Tuomi | Dec 16, 2024 | Indonesia, News, Reports, Trade
Indonesia’s exports exceeded imports in November. This resulted in the second largest trade surplus since the government lifted the COVID-19 pandemic status in 2023. The country’s trade balance was US$4.42 billion in November, according to Statistics Indonesia...
by Teuvo Tuomi | Nov 23, 2024 | ASEAN, Business, Economy, Indonesia, Investment, Malaysia, News, Southeast Asia
Despite funds raised through initial public offerings (IPO) in South-east Asia have fallen to a nine-year low, the region’s capital markets seem to remain optimistic. There have been 122 IPOs in 2024 so far on the region’s key stock exchanges, comprising Singapore,...
