Tag: Darmin Nasution
Bracing for Surprise (3)
Last night (Jul 23), President Joko “Jokowi” Widodo held a dinner meeting with the leaders of six political parties from his ruling coalition at the Bogor Presidential Palace. They reportedly reached an agreement on the running mate for the incumbent. Jokowi himself, through his personal Facebook account, posted the picture of the meeting and saying harmony and unity are important assets for this country. Is this Jokowi’s way of delivering a message that his coalition is solid whoever he chose as VP candidate? Who’s the chosen one?
Read MoreTrade War
Several Indonesian ministers met on Sunday (July 8) at the office of the Coordinating Minister for the Economy to discuss the escalating trade war tension between the U.S. and China. Said ministers formulated strategies and policies to anticipate the impact of said trade war, and another Fed rate hike.
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PDIP & the Search for Jokowi’s Running Mate
The ruling party PDIP continues their search for the running mate of President Joko “Jokowi” Widodo. The Party is now reviewing a number of names from both inside and outside of the Party. They are expected to announce their pick before the Eid Al Fitr (June 2018).
Read MorePolicy Issues to Watch
The Government of President Joko “Jokowi” Widodo will revise certain rules relating to fiscal incentives to encourage investment. At a closed meeting held on Tuesday (Feb. 20), the President requested the Coordinating Minister for Economic Affairs Darmin Nasution, Finance Minister Sri Mulyani Indrawati, and other ministries to conduct an evaluation of existing incentive rules.
Read MoreInvestments: Walk The Talk (2)
President Joko ‘Jokowi’ Widodo led a cabinet meeting discussing stimulus package for investments at the State Palace Tuesday (Feb 20). The meeting also reviewed the existing policies on tax allowance and tax holidays, which failed to attract significant investments in the past 10 years or so.
Read MoreThe Running Mate Race
The Chairman of Golkar Airlangga Hartarto is now being talked about as a potential running mate for President Joko “Jokowi” Widodo. Supposing this is a real option, can Airlangga secure the nomination given the competition between the leaders of other political parties in Jokowi’s ruling coalition for the running mate position? Will there be a surprise instead?
Read MorePolicy Issues to Watch
The Government is focused on improving its Ease of Doing Business (EoDB) ranking. Indonesia currently ranks 72 out of 190 countries. The goal of the Joko “Jokowi” Widodo administration is the 40th rank. In the past two years, however, Indonesia has improved quite a lot. Darmin Nasution, Coordinating Minister for Economy, said that the Government would again improve on specific items such as permit, procedure, and time.
Read MorePolicies to Watch
Starting from January 2018, the Government will impose import tax for digital goods as the moratorium for custom over digital goods set by World Trade Organization will end this month (December 2017). WTO might not extend the said policy, as a result of which its member countries would start collecting customs over digital goods.
Read MoreExtended Drop on Market & Rupiah
The stock market and the rupiah extended corrections on Wednesday (Sept 14) as investors’ perception over the Fed rate policy continued to weigh on. Rupiah weakened further to Rp13,228 against the U.S. dollar yesterday while the composite index of the Indonesia Stock Exchange (IDX) dropped 1.3% to close at 5,146. Trading value for stocks yesterday reached Rp7 trillion with foreign investors’ net sell amounting Rp841 billion, cutting year-to-date net buy to Rp35.35 trillion.
Read MoreTax Amnesty in Action (23)
Boy Garibaldi Thohir, shareholder of Adaro Energy (ADRO) and some other companies, and his brother Erick Thohir were seen of filing applications for tax amnesty this morning. Other conglomerates, including James Riady and Sofyan Wananadi, have earlier announced their participation in the program.
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