|Jeff Gundlach sees relief for Treasury bonds after Trump-inspired tantrum|
Jeffrey Gundlach of DoubleLine Capital, one of the few high-profile money managers to predict a Donald Trump win, on Friday suggested that the Treasury sell off that has hammered yields is about 80% done.
|Govt records Rp 500 trillion assets in tax amnesty program|
The government has recorded the declared and repatriated assets as totaling Rp 500 trillion (US$37.9 billion) from the tax amnesty program, where it has pocketed Rp 19.4 trillion in penalty payments of the Rp 165 trillion target. Meanwhile, the repatriated funds have reached Rp 23.5 trillion, The Jakarta Post reported.
|The Surge of Foreign Workers in AEC Era|
The chair of Federasi Serikat Pekerja Kimia Industri dan Pertambangan (FSPKIP) Cilacap, Agus Hidayat, in an ifthar event with Minister of Manpower and Transmigration Hanif Dhakiri at the Ministry’s Regional Office in Cilacap, suggested some violation regarding the existence of Chinese workers in some big projects in Cilacap.
|Strenghtening Defense Capabilities Are Need to Guard Our National Economic Progress|
During a limited Cabinet meeting that was held on board the Imam Bonjol warship in the Natuna waters on Thursday, President Joko “Jokowi” Widodo asked the Indonesian Military and the Maritime Security Board (Bakamla) to upgrade their capabilities to safeguard Indonesian territorial waters. “I ask the military and Bakamla to upgrade their capabilities to safeguard our territorial waters in terms of technology, equipment, radar and preparedness,” Jokowi said in a statement distributed to the media.
|The Indonesia's Government Efforts to Boost A National Economic Progress|
President Joko “Jokowi” Widodo had instructed the National Development Planning Agency (Bappenas) and the Investment Coordinating Board (BKPM) to establish financing schemes, or business plans, for strategic projects. The decision was made to facilitate financing issues the government was facing in implementing 225 projects.
|Minister revises down growth assumption in 2017 budget|
Indonesia's finance minister told parliament on Friday the 2017 state budget will assume economic growth of between 5.3 percent an 5.9 percent for the year, slightly lower than the government's initial forecast of 5.5 percent to 5.9 percent.
|Optimism Post the Arrest of Samadikun Hartono|
So far, there is an apriority among the society that the government has never been serious in handling corruption fugitives who flee abroad after robbing trillion rupiah of our money. A number of corruption suspects especially the high rank officials in banking sectorhave successfully run away abroad avoiding the Law. According to Indonesian Corruption Watch (ICW), there are more than 45 corruption fugitives both who are still in Indonesia and who have run to other countries. Some of them are Djoko Tjandra (Bank Bali case resulting Rp 546 billion loss), Eddy Tansil (fictitious export case resulting Rp 1,3 trillion loss), Bambang Sutrisno (BLBI case involving Bank Surya with Rp 1,5 trillion loss), and Sudjiono Timan (BPUI corruption case resulting US$ 126 million loss).
|World Bank Estimation Doesn’t Impact to Indonesia’s Economic Progress|
The president of the World Bank on Thursday (14/4) lamented the weak state of the global economy and warned that the kind of tax evasion exposed in the Panama Papers investigation is fueling poverty around the world. Jim Yong Kim said the World Bank has slashed its forecast of global growth this year to 2.5 percent from 2.9 percent.
|The Urgency of Tax Amnesty Bill|
In the 2016 state budget, the total tax revenue target is currently set at Rp 1.36 quadrillion (US$102.64 billion), 28.2 percent higher than the Rp 1.06 quadrillion achieved in 2015. To reaching those target, Indonesian government has declared to implement tax amnesty bill. Meanwhile, the process of deliberations over a tax amnesty bill by the House of Representatives on Monday authorized House Commission XI overseeing banking and finance affairs has raised pro and contra, and several factions in the House of Representatives has protested those bill with most of reasons.
|Haunting the Tax “Robber”|
The finding of the Special Committee (Pansus) for Monitoring and Evaluation of Cultivation Rights (HGU), IU permit, HTI, HPHTI, HPH, Mining Permit, Environmental Permit (Amdal, UPL, UKL) DPRD Riau suggests that there are companies that are in tax arrears amounted 104 trillion Rupiah. This is a very big achievement of legislative institution in provincial level.