So, Indonesia booked trade surplus of US$36.9 billion last year, dropped by 32% from 2022 due to 11.3% fall in export, while import declined by 6.55% only. Oil and gas sector recorded trade deficit of US$19.9 billion, dropped from US$24.42 billion thanks to substantial decline in import, while export was relatively stagnant.
Read MoreTowards the end of last week, the Office of Public Affairs of the US Department of Justice announced that SAP SE (ETR: SAP), a publicly traded global software company based in Germany, entered into a three-year deferred...
Read MoreBack in 2018, the Corruption Eradication Commission (KPK) conducted a sting operation in North Sumatera and arrested the then Regent of Labuhanbatu, Pangonal Harahap (PDIP). Just like a lot of other graft cases, Pangonal...
Read MoreData from OECD pointed to Indonesia’s tax-to-GDP ratio in 2021 at 10.9%, way below neighbors like Vietnam (18.2%) and Thailand (16.4%) in ASEAN and average Asia Pacific (19.8%). Three president candidates have been asked about their strategies to increase the country’s tax ratio. Unfortunately, they failed to address the issue clearly.
Read MoreThe so-called Petition 100 is on the move trying to gain support for an impeachment attempt on President Joko “Jokowi” Widodo. This group has been working for months to impeach the President. What do people say about this attempt?
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