Indonesian Economy Stays on a Steady Growth Momentum Q1. A momentous occasion for Indonesia – the country is experiencing steady economic growth for a straight quarter. The change, recorded from January to March, was contributed by the relaxation of COVID-19 restrictions and the rise in commodity prices. Indonesia’s economy witnessed a 5.01% growth in last…
Digitisation in Indonesia Has Become a Gamechanger for Corporate Secretaries Ever since the pandemic, many multinational companies and start-ups alike have taken more interest in business technology. With Southeast Asia slowly acclimatizing to the shift of a digital economy, digitisation in Indonesia has been a significant factor in changing the way secretaries operate. Growing…
GDP of Indonesia to Act as Parameter in Design of State Budget 2023 Fiscal deficit of 2.81% to 2.95% of the GDP of Indonesia A fiscal deficit below 3% of the GDP of Indonesia will spearhead the design of its 2023 state budget. The fiscal deficit will range between 2.81% to 2.95% of the country’s…
Indonesia Exports and Imports Soar in the First Quarter of 2022 Rising worldwide commodity prices push Indonesia exports to surge. Trade is surging and riding high in Indonesia as commodity prices continue to increase globally. This is due to the world transitioning towards a post-pandemic phase as well as the Russia-Ukraine war. As a result,…
Dear Valued Customers, Highlighting the Importance of Data Protection in Singapore Welcome to the April edition of our newsletter! Just like that, we are already into our fourth month of 2022. We’ve had several things happening in Singapore, Malaysia, Indonesia, and Hong Kong over the last several weeks, and we’re here to share those highlights…
Increase in Indonesia VAT Rate to 11% Effective 1 April 2022 The Indonesian Government plans to increase the VAT rate in the country to 11% effective 1 April 2022. The increase is in accordance with the Harmonisation of Tax Regulations, Law Number 7. The 11% VAT rate increase is reflective of the Indonesian Government’s efforts to…
More Destinations Enter the Quarantine-Free Indonesian Travel List Eligible travellers can enter Bintan and Batam without quarantine for more Indonesian travel. The islands of Bintan and Batam are opening their borders for foreign travellers to enjoy more Indonesian travel. Eligible visitors to these islands will not need to observe quarantine protocols. This new development adds…
Creating Sustainable Futures by Advocating Women’s Empowerment By accelerating the progress of women’s empowerment, a better future awaits the world. From climate change to a global pandemic, humanity is facing extremely challenging times. There is an imperative need for appropriate strategies to bring about a sustainable future. Key amongst these is the need for policies…
How an Effective HR Team is Critical to the Business Interpersonal relationships are very important in business. However, getting along with individuals and being able to manage a wide range of responsibilities at once is quite tricky. This makes the HR Department all the more important. Human Resources seemingly do almost everything when it comes…
Your Essential Guide to Business Insurances Required by Indonesia Companies Business insurance has various advantages, including increased efficiency and protection of the workers. To add to all that, it makes the company seem all the more credible to outsiders. Knowing where to start in terms of business insurances required may be quite tricky, but that’s…