Govt to ease tax incentive regulationThursday, 04 Oct 2018
Central Sulawesi aid distribution still slow
The Jakarta Post, Headline
Nearly a week after an earthquake and tsunami hit Central Sulawesi on Sept. 28, the government is still scrambling to provide emergency relief aid to the affected areas. Concerns have arisen over the slow distribution of food and basic supplies, which have placed thousands of survivors in limbo. It has been reported that authorities have been juggling rescue operations and aid distribution amid limited resources and logistics challenges. On his second visit to Palu, which has recorded the greatest number of casualties, President Joko “Jokowi” Widodo acknowledged that the delivery of logistical supplies was “not ideal”, while assuring that supplies would be distributed equally to all affected areas. The President was optimistic that distribution would improve, particularly as a new shipment of heavy equipment had arrived.
Govt to ease tax incentive regulation
Bisnis Indonesia, p. 4
The government plans to amend Finance Ministerial Regulation No 26/2016 on tax incentives for foreign exchange from export conversion to boost participation. According to the Office of the Coordinating Economic Minister’s macroeconomic and finance deputy coordinator, Iskandar Simorangkir, the regulation will enable a rollover, by which participants could prolong their deposit time and attain continuous interest. The government is aiming for tighter capital control to fulfill foreign exchange stock amid currency turbulence. Former coordinating economic minister Rizal Ramli said the move was “crucial” as it would attract businesspeople to also bring their export revenue home instead of just business capital.Please login to read more.