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Waskita Toll Road Injects Rp 47.2B to Jasa Marga Subsidiary for Trans-Java Toll Project

PT VUI : Doing Business in Indonesia Posted on September 21, 2016 by Herlina HoSeptember 21, 2016

Waskita Karya Toll Road, a subsidiary of state-controlled construction company Waskita Karya, has given Rp 47.2 billion ($3.6 million) to Ngawi Kertosono Jaya, the company’s joint venture with state toll road operator Jasa Marga, to help finance a section of the … Continue reading →

Posted in Indonesia Economy, Indonesia Investment | Tagged Indonesia Finance, Indonesia Investment, Indonesia Toll Roads Projects

BKPM, Police Guarantee Investment Security

PT VUI : Doing Business in Indonesia Posted on September 20, 2016 by Herlina HoSeptember 20, 2016

The Investment Coordinating Board (BKPM) and the National Police signed a work guide to ensure protections and securities for the business sector. BKPM head Thomas Trikasih Lembong said that investment activities must be continuously supported to improve the country’s economy. … Continue reading →

Posted in Indonesia Business, Indonesia Investment | Tagged Indonesia Finance, Indonesia Investment

Ministry asks Google to set up permanent establishment and pay tax

PT VUI : Doing Business in Indonesia Posted on September 19, 2016 by Herlina HoSeptember 19, 2016

The Communication and Informatics Ministry has urged Google to pay tax in Indonesia and set up a permanent establishment just as the US-based technology provider has done in several other countries. “We have told Google to apply the same norms … Continue reading →

Posted in Indonesia Business, Indonesia Investment, Indonesia Taxes | Tagged Indonesia Finance, Indonesia Investment, Indonesia Labor Law, Indonesian Tax System

Singapore not to report tax amnesty participants as criminals: Minister

PT VUI : Doing Business in Indonesia Posted on September 16, 2016 by Herlina HoSeptember 16, 2016

News that Singapore will report tax amnesty participants as criminals is false, Finance Minister Sri Mulyani said. The clarification came after taxpayers voiced concern that Singapore will report them as criminals if they take part in the tax amnesty program … Continue reading →

Posted in Indonesia Economy, Indonesia Taxes | Tagged Indonesia Finance, Indonesian Tax System

Government to build 769 km new roads

PT VUI : Doing Business in Indonesia Posted on September 16, 2016 by Herlina HoSeptember 16, 2016

Minister of Public Works and Public Housing Hadimulyono Basuki said the government is targeting to complete the construction of 769 kilometers (km) of new roads, including the 158 km causeway along the south coast of Java. “Anyway, the pansela (the … Continue reading →

Posted in Indonesia Economy, Indonesia Investment | Tagged Indonesia Economic Outlook, Indonesia Finance, Indonesia Investment, Indonesia Toll Roads Projects

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