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Indonesia daily economic update (English)

This issue of Indonesia daily economic update for March 29, 2018 contains economic highlights including: (i) Indonesia’s International Investment Position recorded a net liability of 340.7 billion US dollars (33.6 percent of GDP), rising from the previous quarter of 330.7 billion US dollars at the end of fourth quarter 2017; (ii) the Directorate General of Taxation will improve the processing time of Value added tax (VAT) restitution into one month from previously a year; (iii) the government will establish National Industry Committee (KINAS) to support industry roadmap 4.0.; (iv) credit growth accelerated to 8.2 percent yoy in February 2018 from 7.4 percent in January, and gross Non-Performing Loan also slightly increased to 2.88 percent yoy from 2.86 percent yoy; (v) deposit growth moderated to 8.2 percent yoy in February 2018 from 8.5 percent in January; and (vi) Directorate General of Taxation, Indonesia's National Government Internal Auditor (BPKP), and Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) will be jointly audit the fulfillment of Production sharing revenue and oil and gas income tax to reduce dispute between agencies and compliance cost.




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Indonesia daily economic update (English). Indonesia daily economic update Washington, D.C. : World Bank Group.