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Starting January 1, 2025, the government will raise the Value Added Tax (VAT) rate from the current 11% to 12%. However, the Directorate General of Taxes stated that implementation will follow after the new government takes office. Law No. 7 of 2021 on Harmonization of Tax Reg...
The national textile industry is in serious trouble. The bankruptcy declaration of PT Sri Rejeki Isman Tbk or Sritex has sounded an alarm, requiring immediate government intervention to correctly diagnose and provide a panacea to revitalize the labor-intensive textile industry...
The Head of BPOM, accompanied by the Supervisory Coordinator (Korwas), PPNS Metro Jaya Regional Police (Polda), and personnel from the National Army Strategic Intelligence Agency (BAIS TNI), held a press conference titled "BPOM Cooperates with National Police to Seize Illegal ...
The government will make every effort to rescue textile company PT Sri Rejeki Isman (Sritex), as stated by the Minister of Industry after the Semarang District Court (PN) recently declared Sritex bankrupt. Rescuing Sritex is a direct order from President Prabowo, who has reque...
Toyota's position at the top of the best-selling car brand rankings has not been replaced, while Indonesia's car sales saw a decline in September. In August, wholesale car sales reached 76,304 units, but in September they fell to just 72,667 units. Similarly, retail sales drop...
The Central Statistics Agency (BPS) noted that by September 2024, total imports reached USD 18.82 billion. This figure decreased by 8.91% compared to August 2024.The Head of BPS explained that the decline in imports came from oil and gas, amounting to USD 2.53 billion, down 4....
President-elect Prabowo plans to cooperate with Chinese investors to develop a massive sea wall along the northern coast of Java Island.The Deputy Chairman of the Gerindra Party Advisory Board stated that he has approached several companies from China. He has been to Beijing t...
At the 21st China-ASEAN Expo (CAEXPO) held at the Nanning International Convention and Exhibition Center (NICEC) in China from September 24 to 28, 2024, Indonesia recorded potential transactions worth IDR 479 billion. The Director of National Export Development at the Indonesi...
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