#luxury goods

Collection of luxury goods news, found 104 news.

Govt doubles down on stimuli to boost economic growth

President Prabowo Subianto has set an ambitious target of clocking 8 percent economic growth by 2029. Achieving the ...

Electric car sales surged in 2024, fueling energy transition: Ministry

Domestic sales of electric cars in 2024 showed a positive increase, which supported improvements in energy transition, ...

Ministry underlines need for comprehensive EV ecosystem

Deputy for basic infrastructure coordination at the Coordinating Ministry for Infrastructure and Regional Development, ...

100 days of govt: Promises, progress, and challenges

October 20, 2024 was a momentous day for Prabowo Subianto and Gibran Rakabuming Raka as they took their oaths of ...

New VAT policy protects industries, maintains purchasing power: Kadin

The government's decision to impose a 12 percent value-added tax (VAT) only on luxury goods and services could help ...

VAT on luxury items proves president leaves no one behind: MPR

President Prabowo Subianto's policy to implement a 12 percent value-added tax (VAT) for luxury goods reaffirms his ...

President Prabowo greets soldiers in Papua on New Year's Eve

President Prabowo Subianto greeted thousands of National Armed Forces (TNI) soldiers stationed in Papua via video call ...

RI plans USD2.3 bln stimulus coinciding with VAT increase

The Indonesian Government has committed to providing an economic stimulus package worth Rp38.6 trillion (around USD2.3 ...

President Prabowo says 12% VAT will only apply to luxury goods

President Prabowo Subianto has clarified that the increased value-added tax (VAT) of 12 percent will only be applicable ...

President Prabowo announces Jan rollout of 12 percent VAT

President Prabowo Subianto on Tuesday announced that the increase in the value added tax (VAT) from 11 percent to 12 ...

Rural residents to not reel from 12 percent VAT: ministry

The government's decision to increase the value-added tax (VAT) from 11 percent to 12 percent next year will not ...

Indonesia attracts EV plants from three global automakers: minister

Three global car manufacturers are committed to establishing automotive factories in Indonesia, primarily to produce ...

Govt to provide details on 12% VAT on Monday: minister

The government will share additional details about its plan to increase value-added tax (VAT) to 12 percent as well as ...

Gov't to announce 2025 policies on tax, business incentives next week

The Indonesian government plans to announce several fiscal policies next week, including those related to taxes and ...

EV development significant for economy, environment: Minister

Coordinating Minister for Economic Affairs Airlangga Hartarto emphasized the strategic role of developing an electronic ...