#LUXURY GOODS

Indonesia may offer incentives to Toyota Motor Corp. if the Japanese automaker relocates its main vehicle production hub from Thailand to Indonesia, Finance Minister Purbaya Yudhi Sadewa said.The ...

Indonesia's National Research and Innovation Agency (BRIN) has developed high-grade essential oil from indigenous frankincense resin—locally known as kemenyan—to produce premium ...

Minister of Home Affairs Tito Karnavian has urged regional officials to avoid flaunting luxury goods on social media and instead embrace modest lifestyles to maintain public trust. "Just ...

The Directorate General of Customs and Excise (DGCE) of the Indonesian Ministry of Finance will waive import duties on goods brought in by regular and special Hajj pilgrims from June 6, 2025.The ...

The Ministry of Industry has said that the government is continuing to study the provision of incentives for vehicles, not only for battery electric vehicles (BEVs) but also for others, such as ...

The government's decision to impose a 12 percent value-added tax (VAT) only on luxury goods and services could help maintain the competitiveness of domestic industrial actors, the Indonesian ...

Minister of Micro, Small, and Medium Enterprises (MSMEs), Maman Abdurrahman, has assured that the increase in the value added tax (VAT) rate to 12 percent will not have an impact on the lower middle ...

Three global car manufacturers are committed to establishing automotive factories in Indonesia, primarily to produce electric vehicles (EVs).During a press conference on the economic policy package ...

The Indonesian government plans to announce several fiscal policies next week, including those related to taxes and business incentives for 2025, Coordinating Minister for Economic Affairs Airlangga ...

The tax facilities for the development of Nusantara in East Kalimantan will aim to help the new capital city become an economic center, Finance Minister Sri Mulyani Indrawati said. "The ...