Indonesia Expat Tax: A Barrier to Foreign Investment
Tigor Siahaan, Head of Banking and Financial Services at the Indonesian Employers Association (Apindo), highlighted that many expatriates are reluctant to reside in Indonesia due to the country’s taxation policies on expatriates. This situation impacts foreign investors’ decisions to invest or establish company headquarters in Indonesia. Tigor explained that expatriates working in Indonesia face double
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Jakarta to Semarang Direct Trains Available for Year-End Holidays
President Director of Indonesia’s state railway operator PT KAI, Didiek Hartantyo, announced on Tuesday (10/12/24,) that the Jakarta to Semarang direct train service will be made available from December 19, 2024, to January 5, 2025, during the Christmas and New Year holiday period, according to reporting from Tempo. The transit-free train service has undergone trials
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Millions Expected to Use Jakarta Toll Roads for Holidays
According to reporting from Jakarta Globe, Jasa Marga, Indonesia’s State-run toll road operator said Tuesday (10/12/24,) that nearly 3.1 million vehicles would leave Jakarta via the four main tollgates this holiday season. This marks a 17.9 percent increase compared to the normal traffic of cars passing by those tollgates. However, the figures show that the
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Low Investment in Indonesia’s SEZs: What’s Holding Back Growth?
Investment in Indonesia’s SEZs plays a critical role in driving the country’s economic growth, but it has yet to meet expectations. Despite the government’s efforts to create these zones, challenges persist, hindering their full potential. To unlock the benefits, Indonesia must address infrastructure gaps, improve regulatory processes, and foster better synergy between stakeholders. The country
The post Low Investment in Indonesia’s SEZs: What’s Holding Back Growth? appeared first on Invest Indonesia.
