Tuesday, September 28We Deliver News To You

Tag: Economic

Economy and Finance

Withdraw foreign investment through LPI to get tax relief

JAKARTA - Finance Minister Sri Mulyani plans to set an income tax rate (PPh) of Article 26 on dividends received. By foreign partners from the Investment Management Institution (LPI) at 7.5 percent. The amount, which is smaller than the usual rate, is intend to attract foreign investors to invest in Indonesian projects. The plan will be regulation in the Draft Government Regulation (RPP) onTax Treatment LPI. Which is part of Law Number 11 of 2020 concerning Job Creation. "The goal is to provide incentives so that these investors are interest in becoming partners with the LPI," said Sri in a virtual working meeting with Commission XI of the DPR on Monday (1/2). Policy Only for Foreign Tax Subjects This Tax policy applies to investments in Foreign Tax Subjects (SPLN) during the owner...
Economy and Finance

Bank Mandiri Reduces Bad Credit Ratio of Three Percent

JAKARTA - PT Bank Mandiri (Persero) Tbk seeks to reduce the number of non-performing loans (NPL). In the range of three percent to 3.5 percent. Later, the company will selectively choose sectors that experience faster recovery after the Covid-19 epidemic. Director of Finance & Strategy of Bank Mandiri Sigit Prastowo said the company has prepared a Bank Business Plan (RBB) for the performance of 2021. "For the target bank only we will project credit growth single digit. The focus will be on quality by maintaining NPL of three percent to 3.5 percent. And "We will expand prudently to targeted customers and potential sectors. And the recovery will be fast due to Covid," he told reporters Thursday (28/1). In Terms Bank Mandiri Margin At the level of 4.6 to 4 percent In terms of net i...
World

Indonesia – Sweden Discusses 70 Years of Bilateral Relations

JAKARTA - Indonesia Ambassador to Sweden and Latvia Kamapradipta Isnomo met virtually with the Speaker of the Swedish Parliament Andreas Norlén on Tuesday (26/1). The two discussed 70 years of development and bilateral cooperation between Indonesia and Sweden. The Indonesian Ambassador and the Speaker of the Swedish Parliament discussed cooperation. Between parliaments and developments in handling the pandemic in each country. This was according to the statement from the Indonesian Embassy in Stockholm which was received in Jakarta, Wednesday. In the virtual meeting, Kamapradipta conveyed that Indonesia and Sweden have long-established bilateral relations. The two countries have many similarities, including in upholding democratic values, human rights, and gender equality. Indonesia...
Economy and Finance

Economy Indonesia Has Strong Capital to Recover This Year

JAKARTA - Head of Fiscal Policy Agency of the Ministry of Finance (BKF Kemenkeu) Febrio Kacaribu said the Indonesia economy has strong capital to recover this year. This projection reflects on the budget deficit, the ratio of public debt. And various other economic indicators that have shown improvement. Febrio said that the contraction growth in Indonesia economy had shown an improving trend. The contraction in the third quarter improved compare to the previous quarter which is expect to occur again in the last quarter of 2020. "This could be our capital to enter 2021, have the optimism to manage our economy together," he said in the AcceleratedWebinar Economic Recovery on Tuesday (26/1). One of the indicators mentioned by Febrio was the state budget deficit. He added, in the context...
Economy and Finance

Competing with Bitcoin, Ethereum Crypto Asset Prices Reach IDR 20 Million

JAKARTA - crypto assets Ethereum experienced a very significant price increase in early 2021. It was note that the Ethereum price broke the highest level of IDR 20 million per unit, same as Bitcoin. Since its launch in 2015, Ethereum is trading at a price of less than IDR 40 thousand per unit. Ethereum's price increased more than 10 times in one year. For the record, in early 2020, Ethereum was selling for IDR 1.8 million. Then the price continued to rise and finally broke the record Rp. 20 million. Ethereum is the crypto-asset most popular with the market cap second largest in the world after Bitcoin. Indodax CEO Oscar Darmawan said the significant increase in Ethereum price occurred. Because the crypto asset was upgrading to Ethereum 2.0. The evolution phase to Ethereum 2.0 has star...
World

Sri Mulyani’s Hopes for the New US President Joe Biden

JAKARTA - Minister of Finance Sri Mulyani hopes that the president-elect of the United States (US) Joe Biden can accelerate the economic recovery global. Especially when the world is still facing uncertainty when the spread of the coronavirus is still endemic in many countries. "The United States has a new president. This is hope for recovery for the world economy, in addition to China's economic recovery. Although it is still below three percent," he said in a virtual discussion on Thursday (21/1). On Wednesday (20/1) local time, Joe Biden and his vice president. Kamala Harris was sworn in simply on the lawn of the Capitol Building, Washington DC. Through a change in leadership in this superpower country. Sri Mulyani hopes that the global economic recovery will also help improve the ...
Economy and Finance

Sri Mulyani Asks for Fixed Road Infrastructure Development

JAKARTA - Finance Minister Sri Mulyani Indrawati has asked the government to continue to carry out various infrastructure development programs amid the Covid-19 pandemic. The development starts from education to health. "In the atmosphere of Covid-19, we have not forgotten development activities. We remain hopeful even in an atmosphere Covid-19 running the development program. "he said in Financing Policy Forum Infrastructure Project Through SBSN the Year 2021 in Jakarta, Wednesday (20/1). Sri Mulyani said that infrastructure development in the health sector has become very vital in the midst of a pandemic. Considering that it functions in dealing with this health crisis. "In the health sector, it is clear that many are not only handling in the midst of the Covid-19 pandemic. But also...
Economy and Finance

Jokowi Asks PPATK to Anticipate Shadow Economy

JAKARTA - President Jokowi asked the Financial Transaction Reports and Analysis Center (PPATK) to mitigate illegal underground economic activities (shadow economy) to cybercrime that destroys financial system stability. "We must mitigate conditions that disrupt the integrity and stability of the economic system. And the financial systems, such as the shadow economy, increase in economic crime. As well as cybercrime and other crimes that utilize the latest technology," the President said in a virtual manner in Jakarta, Thursday (14/1 ). This was conveyed by the President in the Annual Coordination. And Direction of the President of the Republic of Indonesia regarding the Prevention and Eradication of Money Laundering (TPPU). And Terrorism Funding (TPPT) in 2021. In addition to anticipa...
Excel News

Jasa Raharja Guarantees Compensation for Sriwijaya Air Victims

JAKARTA - The plane on Sriwijaya Air SJ 182 the Jakarta-Pontianak route lost contact shortly. After taking off from Soekarno-Hatta Airport on Saturday (9/1) has now met a bright spot. The Minister of Transportation Budi Karya Sumadi has officially stated that the Sriwijaya Air SJ 182 aircraft. Had an accident with a location around the Thousand Islands. President Director of PT Jasa Raharja Budi Rahardjo S expressed his deepest condolences for the disaster. Currently, Jasa Raharja expresses its deepest appreciation to relevant stakeholders such as the Ministry of Transportation, TNI, Polri, BASARNAS, KNKT. And other agencies which are less than 24 hours from where the plane crash so that clarity of passenger status can be obtained immediately. "So that Jasa Raharja is currently focusin...
Economy and Finance

Tightening PSBB, Potentially Negative Economy

JAKARTA - Indonesia's Center of Reform on Economics (CORE) economist Yusuf Rendy Manilet said that the tightening of social restrictions imposed by the government next week will have a significant impact on the economy. This policy even has the opportunity to drive economic growth at a negative level, especially in the first quarter. This potential is even higher if the approach taken by the government in making several policies. Is relatively the same as the previous implementation of Large-Scale Social Restrictions (PSBB). "Where are there still local residents who are not discipline in implementing health protocols," said Yusuf when contact Thursday (7/1). PSBB Is Forced To Be Done If You Don't Want Covid-19 Cases To Increase On the other hand, Yusuf added, PSBB must be carried...