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Hospitality Industry Affected by Budget Efficiency Policy from Indonesian Government

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President Prabowo Subianto’s ambitious goal to achieve budget efficiency of USD 44 billion, equivalent to IDR 750 trillion, in his first year is making...

Increasingly Reliable, QRIS and BI-Fast Transactions Surge Throughout 2024

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The convenience of making payments in Indonesia has reached new heights with QRIS and BI-Fast. Bank Indonesia (BI) has reported a significant surge in...

Indonesia Ranks Seventh in Global IPO Activity by Q3 2024

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Indonesia's capital market continues to shine, with 34 companies conducting initial public offerings (IPOs) by the third quarter of 2024. This achievement places Indonesia...

Indonesia Becomes the World’s Largest Sukuk Issuer, Reaching up to USD...

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Bank Indonesia’s recent achievements have positioned Indonesia as the world’s leading issuer of sukuk, outpacing even the Islamic Development Bank (IsDB). With nearly USD...

Indonesia Prepares to Implement 15% Global Minimum Tax Starting in 2025

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Starting in 2025, Indonesia will officially adopt the global minimum tax (GMT), an initiative led by the Organisation for Economic Cooperation and Development (OECD)...

Bank Indonesia Highlights 3 Major Challenges Threatening Financial System Stability

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Bank Indonesia (BI) has identified three significant challenges that continue to impact Indonesia's financial system stability. Deputy Governor Juda Agung outlined these challenges and...

President Jokowi Plans VAT Increase to 12% by 2025, Ministry of...

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President Joko Widodo, commonly known as Jokowi, has been proactive in planning for the future, as far back as 2021, particularly concerning the proposed...

Indonesia’s Banking Sector Shows Resilience Amidst Global Challenges, Says OJK

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The Financial Services Authority (OJK) has provided an assessment regarding the stability of Indonesia's banking sector amidst global challenges, particularly in the commercial property...

Bank Indonesia Reports Modest 3.8% Growth in Third Party Funds (DPK)...

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In the fiscal year 2023, Bank Indonesia (BI) reported a modest 3.8% growth in Third Party Funds (DPK), amounting to Rp 8,234.2 trillion. The...

The Government Ensures Minimum Wage Will Not Decrease Despite Negative Economic...

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The government has officially released Government Regulation (PP) Number 51 of 2023, which pertains to Amendments to Government Regulation Number 36 of 2021 regarding...

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