Indonesia Looks to Strengthen Economic Ties with Japan
According to reporting from Jakarta Globe, Indonesia is ramping up efforts to attract Japanese investment across various sectors, with President Prabowo Subianto hosting members of the Japan-Indonesia Association (Japinda) and the Japan Jakarta Club (JJC) at the Presidential Palace this week. The meetings discussed commitments from Japanese businesses to deepen their engagement in Indonesia’s economic
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President Approves Limited VAT Hike
According to reporting from Tempo, President Prabowo Subianto has approved a limited increase in Value Added Tax (VAT) from 11 percent to 12 percent, effective from January 1, 2025. The decision was announced by the Chair of the House of Representatives (DPR) Commission XI, Mukhamad Misbakhun, after a meeting on VAT between the president and
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