# economic impacts
Latest news group about economic impacts.
$3.1 Billion Worth of Free Meals Might Go to Rich Kids: Think-Tank
Celios says that Prabowo should not splurge Rp 306.7 trillion of the money potentially collected from the budget cuts on the free meal plan.Business Feb 11, 2025 | 11:04 am
Is Indonesia’s Ambition to Become an International Carbon Storage Hub Attainable?
Indonesia is estimated to have the capacity to store 69 gigatonnes (Gt) of CO₂ in saline aquifers and 680.57 Gt in deep saline aquifers.Opinion Jan 24, 2025 | 11:21 am
BRICS Membership and Strong Reserves Shield Rupiah from US Protectionism
Indonesia's rupiah stays stable despite US trade policies, supported by strong reserves, BRICS membership, and optimistic growth forecasts.Business Jan 22, 2025 | 10:40 am
West Java Apindo Warns New Minimum Wage Policy Could Drive Away Investors
Increased wage costs could lead to downsizing, exacerbating unemployment in West Java, and business relocation to other provinces.Business Jan 5, 2025 | 9:53 pm
Government Projects 0.3% Inflation Increase with New 12% VAT Rate in 2025
The Coordinating Ministry for Economic Affairs projects a 0.3% inflation rise in 2025 as the 12% VAT takes effect on Jan. 1.Business Dec 18, 2024 | 9:36 am
Celios: VAT Hike Could Increase Monthly Spending by $22 for Middle Class
The government's plan to increase the Value Added Tax (VAT) rate to 12% is expected to worsen the economic conditionsBusiness Dec 17, 2024 | 6:08 pm
VAT Expansion in Indonesia Targets Premium Goods, Critics Warn of Economic Strain
Indonesia’s VAT hike to 12% in 2025 will expand taxable goods, including items once VAT-free, says economist Andri Perdana.Business Dec 17, 2024 | 5:17 pm
Free Nutritious Meal Program to Create 2.5 Million New Jobs
The program will initially target 27.2 million expectant and breastfeeding mothers, toddlers, and 37 million school-aged children.Business Dec 15, 2024 | 6:26 pm
Indonesia Loses $6.1 Billion from Soaring Illicit Cigarette Smokers
About 46 percent respondents in Indodata's survey admits to smoke illicit cigarettes.News Dec 13, 2024 | 6:40 am
VAT Hike on Luxury Goods to Impact Low-Income Families as Well, Analysts Warn
A targeted VAT increase on luxury items may ultimately strain lower-income households.Business Dec 9, 2024 | 1:35 pm
12% VAT Could Slash Indonesian GDP by Rp 21 Trillion: Analyst
This timing of the VAT hike could potentially offset the anticipated boost in public consumption during Ramadan, which falls in March.Business Dec 5, 2024 | 9:31 pm
Gov't Prepares Incentives to Cushion Businesses from Impacts of Minimum Wage Increase
The industrial sector's preparations to face the impact of the 6.5% increase in the Provincial Minimum Wage (UMP)Business Dec 5, 2024 | 1:28 pm
Employers’ Association Criticizes Minimum Wage Increase
A significant wage increase could result in mass layoffs, fewer new job opportunities, and diminished competitiveness in global markets.Business Dec 2, 2024 | 8:46 am
Apindo Warns of Economic Impact from 6.5% Provincial Minimum Wage Increase
Apindo seeks clarification from the government on the 6.5% increase in the Provincial Minimum Wage (UMP) announced by President Prabowo.Business Nov 30, 2024 | 1:43 pm
Indonesia Braces for Impact of Trump’s Potential Trade War
Donald Trump’s re-election as US president and his renewed focus on protectionist policies could stifle global economic growthBusiness Nov 30, 2024 | 11:46 am
VAT Hike Could Hamper Economic Growth: Analyst
The VAT hike could backfire, negatively affecting both purchasing power and living costs.Business Nov 20, 2024 | 5:21 pm
Automotive Industry Gives Cold Shoulder to VAT Hike
A Toyota executive said the belief that a tax hike will automatically increase revenue may be misleading.Business Nov 19, 2024 | 7:24 pm
VAT Hike Will Hamper Exports, Increase Unemployment: Indef
The VAT hike would trigger a series of adverse effects, including rising living costs, inflation, and weakened purchasing power.Business Nov 17, 2024 | 7:07 pm
Entrepreneurship Ratio Doubles During Jokowi’s Tenure Despite Pandemic Setbacks
The SME Ministry achieved a 3.35% entrepreneurship ratio from Indonesia's 149M workforce, doubling since Jokowi took officeBusiness Oct 16, 2024 | 2:10 pm
What Are Carry Trades and How Did They Contribute to This Week's Global Market Mayhem?
Carry trades involve borrowing at a low cost in one currency to achieve higher returns from investments in another currency.Business Aug 6, 2024 | 7:42 pm
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