ECONOMY

Finance Minister Sri Mulyani has officially raised the tobacco excise duty effective from January 1, 2023.

The Indonesian Employers Association (Apindo) predicts layoffs will continue into 2023. Apindo chairman Hariyadi Sukamdani said this is primarily fuelled by the global recession which reduces demand for exports of labour-intensive industrial products, reported Tempo, Thursday (22/12).

President Joko Widodo personally issued the statement in Jakarta, Wednesday (21/12), reported CNN Indonesia.

Indonesia is considered a success story in the handling of Covid-19 pandemic. For more than two years, all elements have collaborated and managed to keep inflation under control at 5.42 percent, economic growth at 5.72 percent, and daily caseload below 5,000, says Coordinating Economic Minister Airlangga Hartarto on Tuesday (20/12).

Finance Minister said the economic crisis fuelled by the Covid-19 pandemic is over. Thus, the management of state budget (APBN) will revert to normality.

The government has officially decided to increase cigarette excise tax by 10 percent beginning from January 1, 2023. It will take effect for the next two years, reported Kompas, Monday (19/12).

Statistics Indonesia (BPS) announced that Indonesia posted a trade surplus of US$5.16 billion in November, compared to US$5.67 billion in October.

BDx Indonesia, a joint venture company of Big Data Exchange (BDx), PT Indosat Tbk (Indosat Ooredoo Hutchison or IOH), and PT Aplikanusa Lintasarta, and the largest wholesale data center and cloud-focused operations creating digital infrastructure in the Indonesian market, is pleased to announce the appointment of Mr. Agus Hartono Wijaya as President Director and CEO of BDx Indonesia. In this role, Agus will play an integral role in leading and executing operations for BDx Indonesia’s multiple expansion initiatives and the substantial growth pipeline the company sees throughout Indonesia.

Bank Indonesia (BI) will soon issue a digital currency called “digital rupiah.” Although the official launch date is yet to be confirmed, BI has published a white paper on the mechanism of issuance and distribution of digital rupiah, dubbed the “Garuda Project” on Wednesday (30/11).

The Chamber of Commerce and Industry Indonesia - Portugal (CCIIP) President Eng. Ilídio Serôdio mentioned that the presence of CCIIP in Indonesia aims to be strategic interface between the Portugal and Indonesian economies and boost cooperation and business opportunities in both countries.

Jakarta, IO - PT GoTo Gojek Tokopedia Tbk (GoTo) officially retrenched 1,300 of its workers on Friday (18/11), citing the need to improve efficiency. GoTo’s management said the decision was taken in a bid to...