Indonesian Political, Business & Finance News

Archive: 6 April 2009

3 articles found

Indonesian Rupiah May Gain by Year-End as Polls Buoy Investment

April 6 (Bloomberg) -- Indonesia’s central bank Governor Boediono said the rupiah will strengthen by year-end as investors return to the world’s third-largest democracy after peaceful elections. The rupiah has declined 15.4 percent in the past six months, making it the worst performing among the 10 most-traded Asian currencies outside Japan. It rose 0.9 percent to 11,375 against the dollar at 11:54 a.m. in Jakarta.

Only 1.9m Out of 12.7m Taxpayers Filed Their Returns

Despite all its efforts to encourage more people to pay taxes, the government only managed to get 1.9 million of the country’s 12.7 million registered taxpayers to file their tax returns as of the March 31 deadline, according to initial data from the Ministry of Finance’s Directorate General of Taxation. “We are still calculating the total figure but the temporary figure is 1.9 million,” said Darmin Nasution, the director general for taxation.

Exports slide and economy gets worse

Aditya Suharmoko, The Jakarta Post, JAKARTA Exports have continued falling, by another third in February, signaling a further drop in forecast growth, says the Central Statistics Agency (BPS). Exports in February contracted by 32.9 percent from a year earlier, having slid 1 percent further from January, with the global economic crisis cutting demand and pushing down the price of key commodities, BPS head Rusman Heriawan told a press conference on Wednesday.