China has further cemented its role as one of Indonesia's strategic partners going forward with its commitment to step up investment, government data shows. Speaking at a forum attended by Indonesian and Chinese businesses, Chinese Ambassador to Indonesia Xie Feng said China saw great potential for bilateral cooperation. China's realisation of foreign direct investment in Indonesia grew by 291 per cent to US$1.5 billion (S$2.2 billion) from January to September compared with the same period last...

The Switzerland government will make a "big investment" in Indonesia's tourism industry within the next four years, providing expertise in the hospitality industry and vocational skill development to support the Indonesian government's ambitious target of attracting 20 million international tourists annually by 2020, an official said on Friday (14/07)."We actually plan to do quite a big investment into tourism in three new projects," Martin Stottele, the head of economic development cooperation...

One of the key factors of a sustainable business is its accurate tax compliance. In this article, we will introduce you to tax planning in Indonesia and give an overview of the taxes (foreign) companies need to pay.Overview of Corporate Taxes in IndonesiaCorporate Income TaxCompanies are liable to Indonesian tax obligations if their domicile is in Indonesia. The standard corporate income tax in Indonesia is 25%. However, there are exceptions and tax planning allows you to significantly reduce th...

Currently, foreigners cannot own a majority stake in a joint venture (with an Indonesian party) to operate an airport in Indonesia. However, Indonesian President Joko Widodo seems eager to encourage more foreign direct investment (FDI) in order to boost Indonesia's overall economic growth. Infrastructure and connectivity remain key bottlenecks that need to be overcome in Indonesia in order to boost competitiveness of local businesses. Hence, the establishment of new airports or the expansion of...

Retirement does not only mean the point where a person stops working. The meaning of the word ‘retirement’ may vary for each person. However, retirement is often seen as a final goal where one can live happily without having to worry about anything.That said, retirement needs a lot of planning and preparations, especially for those who aim for overseas retirement. Cityscapes may be the main reason for most people, however it is also better to know more about the cities and their property prices....