Indonesian Political, Business & Finance News

Archive: 18 July 2015

2 articles found

Indonesia to fall short on tax revenue targets

Indonesia is set to miss ambitious tax revenue targets this year, according to the country’s finance minister, as the new government comes under pressure to raise public spending and revive growth in Southeast Asia’s largest economy. The administration will undershoot its Rp1,294tn ($96.8bn) goal for tax collection by as much as Rp120tn, according to finance minister Bambang Brodjonegoro, who has led an aggressive push to broaden the tax base since taking office in October.

Indonesia online commerce to touch $25b by 2016

Indonesia online commerce could be be worth Rp300 trillion ($25 billion) by 2016, almost three times that the online shopping market in 2013 which was worth $8 billion. This was revealed in a joint report released by idEA, Google Indonesia, and Taylor Nelson Sofres (TNS). With around 297 million mobile phone subscriptions and 83.6 million Internet users, Indonesia is currently a hotbed for the e-commerce industry.