VinFast to Build USD 200-Million EV Plant in Indonesia
Investment Monitor are reporting that Singaporean-Vietnamese electric vehicle (EV) maker VinFast plans to invest USD 200-million in an assembly plant in Indonesia, which will manufacture between 30,000 and 50,000-cars per year, the company said in an F-1 filing with the US Securities and Exchange Commission. The recently announced investment is part of VinFast’s plan to invest USD
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Finance Ministry: VAT to Remain at 11-Percent in 2024
According to reporting from Tempo, Indonesia’s Ministry of Finance has announced that the standard value-added tax (VAT) will remain at 11-percent in 2024. The ministry’s head of the budget policy center, Wahyu Utomo, made the statement in response to growing concerns over a proposed VAT hike to 12-percent. Wahyu explained that the increase in VAT
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An Example to the Other “Democracies”?
Y’all being fecking clever as feck prob already knew all this but I was today years old when I found out that the Bali governor Koster and his dep Cok both lay down their duties on September 5th just passed. Their gov jobs were taken over by an Independent acting governor (appointed? ) until […]
Project Stop Waste Management Expands to Banyuwangi, East Java
Project Stop has inaugurated one the largest material recovery facilities (MRF) in Indonesia, the world’s second-largest plastic polluter after China, according to reporting by Sustainable Plastics. The Banyuwangi facility is part of the project’s expansion programme, which was first co-founded by Borealis and Systemiq in 2017. The new MRF will manage waste collection and sortation from households in the Songgon
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BNI Looks to Expand Investor Base
Speaking at a press conference in Jakarta on Tuesday (19/09/23), Chief Executive Officer of state-owned bank BNI, Royke Tumilaar announced that shareholders of BNI have voted in favor of a 2-for-1 stock split to increase the number of its retail investors, according to reporting from Jakarta Globe. “The 2:1 ratio will allow us to expand
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New Process For Sports, Music and Arts Visas to be Trialed
Indonesia will trial a more streamlined and simplified process to issue sports visas and music and arts visas intended for foreigners for sports activities, as well as music and arts performances, according to a press release issued by the Directorate General of Immigration. “We are simplifying the visa requirements for sports and music and arts
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BI to Hold Rates at 5.75-Percent For Rest of 2023
Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75-percent for the rest of the year to maintain the stability of the Indonesian rupiah, similar to most of its Asian peers, as inflation continues to ease, a Reuters poll found. Inflation, at 3.27-percent in August, has stayed below the central bank’s 2 to 4-percent
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PT Barito Renewables Prepares For IPO
Citing an article published by Bisnis.Com, Think GeoEnergy are reporting that Indonesian PT Barito Renewables (BREN) is preparing an IPO on the Indonesian stock exchange and aiming for IDR 3.51-trillion (approx. USD 228-million) in funds. BREN joins fellow geothermal operator PT Pertamina Geothermal Energy (PGEO), which entered the market earlier this year. BREN started operations
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New Digital Commerce Regulation to Protect MSMEs, Consumers
According to reporting from Antara News, the Ministry of Cooperatives and Small and Medium Enterprises (SMEs) deputy for cooperatives and SMEs, Hanung Harimba Rachman, said at a Polemik online discussion on Saturday (16/09/23) that a new digital commerce regulation, which is currently being formulated, is aimed at protecting Micro, Small, and Medium Enterprises (MSMEs), consumers,
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Riding on footpaths
I was in Bali when they redid all of the footpaths (sidewalks) in Jimbaran for the G20 summit. Actually, they weren’t too bad before they ripped them all up. Now look at it.
