Indonesian Political, Business & Finance News

Archive: 1 July 2015

6 articles found

Govt Confident Tax Amnesty for Criminals Will Work

Jakarta. The government says its proposed amnesty for tax evaders will be a success because from 2017 increased exchange of tax-related data between nations will make it harder for criminals to keep money overseas. The tax directorate general is preparing a bill that will grant amnesty to criminals — except drugs offenders and terrorists — as long as they agree to bring in their ill-gotten money to Indonesia under the government’s terms and conditions.

Frustrated Indonesian leader launches charm offensive with investors

JAKARTA - Exasperated by the performance of his economics team, Indonesia's president has personally taken on the job of promoting Southeast Asia's largest economy to skeptical investors, said palace officials and economists.

Indonesia's PANDI Contributes to Responsive and Resilient Internet with First L-Root Instance

JAKARTA - The first L-Root instance in Indonesia has been successfully installed in Jakarta, increasing the Domain Name System's (DNS) overall fault tolerance and its resilience against certain types of cyber threats, such as Distributed Denial of Service (DDoS) attacks, a press release by ICANN stated.

BPJS Ketenagakerjaan Fully Transformed Into Government Body

Men work at a construction site without proper safety equipment. The government has made it mandatory for companies to register employees to join the universal social security scheme provided by The Social Security Administration Body for Employment, or BPJS Ketenagakerjaan. (Antara Photo/Nova Wahyudi) Men work at a construction site without proper safety equipment.

Indonesia enforces foreign currency rules

Australians holidaying in Indonesia could find themselves short of money from today after the country’s central bank pushed through new legislation prohibiting foreign currencies from being used in domestic transactions. The new rule, which takes effect today, has been introduced as Jakarta tries to get a grip on the falling rupiah, a historically volatile currency that has been on a downward slide over the last four years.

Reduced 2015 property sales target imminent

JAKARTA -- Indonesian property developer Ciputra Development is planning to reduce its property sales target for the year as the national economic slowdown continues to erode demand. "We thought this year [would] be better, but investment has been weak," Ciputra director Harun Hajadi told reporters on Tuesday. In August, Ciputra is likely to reduce its property sales target for 2015 from 10.96 trillion rupiah ($770 million), a 27% increase from 2014.