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Tag: JAKARTA

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...
Economy and Finance, World

Indonesia exports to China grow by 10 percent in 2020

BEIJING - Indonesia exports to China in 2020 have increased compared to Indonesia's exports in the previous year. China has also expressed interest in investing in the renewable energy sector. The increase in Indonesian exports is reflected in the sharp decline in Indonesia deficit against China during 2020 compared to 2019. Data released by Chinese Customs states that the total value of Indonesia's trade with China in 2020. Will reach 78.5 billion US dollars (US). Based on the total trade value, the value of Indonesia exports to China reached 37.4 billion US dollars. Growing 10.10 percent compared to the total value of Indonesian exports to China in 2019. Meanwhile, the value of Indonesia's imports from China in 2020 reached approximately 41 billion US dollars, decreased by 10.13 per...
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

Jokowi Claims Indonesia Can Control Two Crises

JAKARTA  - President Joko Widodo (Jokowi) said that Indonesia will experience various ordeals when entering 2021. Jokowi's opinion was conveyed by Jokowi when he gave a virtual speech at the opening of the Complete Workers Council for the Fellowship of Churches in Indonesia (MPL- PGI) in Jakarta, Monday (25/1). "Throughout 2020 and entering 2021, we face several tests, some very tough trials, the Covid-19 pandemic that hit the world of 215 countries and Indonesia has resulted in a health crisis and an economic crisis," Jokowi said. can control these two crises well. "However, the problem has not been completely resolved. The pandemic is still ongoing and we are still alert and alert. A few days ago, South Kalimantan was hit by floods that hit several districts and cities, landslides...
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...
World

Who Said WhatsApp Free? This Said Kaspersky

Kaspersky Senior Researcher, Anna Larkina exposed the fact that no service is completely free of charge. He considered that the general public might think WhatsApp is a free instant messaging service. However, the business model for such a free service would be to pay for the user's personal data. "Social media, several instant messaging applications, and search engines. They all make money from advertising. The more personalized it is, the better," he said, Thursday, January 14, 2021. In fact, Facebook and other similar companies have been using personal data for users. recent years. But most companies, including Facebook, ostensibly to be transparent about their policies. Then, WhatsApp claims not to read user conversations because it includes end-to-end encryption, and only searche...