After a massive get out during May 2010, this month re-entry of foreign funds into the financial and capital markets of Indonesia. This condition makes the exchange rate tends to strengthen again. Director of Economic Research and Monetary Policy Bank Indonesia (BI) Perry Warjiyo, Monday (21/06/2010) in Jakarta, explained that the flow of foreign funds [...]
Remuneration Tax Not Paid USD 3 M
Based on the concept in the Ministry of State for Administrative Reform, remuneration or grant of special allowance funds given only to employees who have good performance assessed. If not good, of course, remuneration could be arrested. Same thing happens at the Directorate General of Taxation under the auspices of the Ministry of Finance to [...]
Moody's Debt Rating Revised RI Be Positive
International rating agency Moody’s Investors Service revised the outlook of Indonesia’s foreign debt ratings to positive from stable. Currently, the ranking of foreign debt in foreign currency (forex) as well as the local currency at the level of Ba2. Indonesia’s debt rating outlook revised open the opportunity to increase Indonesia’s debt rating to investment grade [...]
BI: Positive for Indonesia Strengthening Yuan
Bank Indonesia (BI) to assess China’s strengthening currency (yuan) will have a positive impact to the Indonesian economy, particularly in the trade sector. “With a faster yuan appreciation than the amount it will certainly make China’s goods more expensive, while the prices of our goods to China cheaper,” said Director of Economic Research and Monetary [...]
