Indonesia’s Middle Class: Economic Challenges
JAKARTA – Recent data from Indonesia’s Central Statistics Agency (BPS) has highlighted a significant contraction in the country’s middle class, with an estimated 9.5 million people falling out of this socioeconomic bracket since 2019. This decline is attributed to a … Continue reading Indonesia’s Middle Class: Economic Challenges
Nusantara: Dawn for Indonesia’s new Capital
JAKARTA/NUSANTARA – The ambitious project to relocate Indonesia’s capital from the congested city of Jakarta to the new, purpose-built city of Nusantara is nearing its final stages. Despite a series of financial and political hurdles, including delays and a lack … Continue reading Nusantara: Dawn for Indonesia’s new Capital
Indonesia: SGi receives Leonardo AW09 Helicopter
JAKARTA – In a significant move to bolster its aerial service capabilities, SGi, Indonesia’s premier helicopter service provider, has announced a landmark acquisition of ten state-of-the-art Leonardo AW09 helicopters. The deal, inked at the prestigious Bali Air Show 2024, marks … Continue reading Indonesia: SGi receives Leonardo AW09 Helicopter
Thailand Intensifies Tourism Outreach to Indonesians
BANGKOK – In a strategic move to bolster tourism, the Tourism Authority of Thailand (TAT) has launched the “Amazing Thailand Road Show to Indonesia 2024,” targeting key Indonesian cities: Medan, Jakarta, and Bali. This initiative is part of a broader … Continue reading Thailand Intensifies Tourism Outreach to Indonesians
Indonesia’s VAT Increase: Challenges and Opportunities
JAKARTA – As Indonesia gears up for a significant shift in its tax landscape with the Value Added Tax (VAT) rate set to rise from 11% to 12% in January 2025, businesses are bracing for the impact this change will … Continue reading Indonesia’s VAT Increase: Challenges and Opportunities