JAKARTA: Indonesia is offering tax breaks to firms which export at least 30 percent of their production in a bid to encourage shipments of manufactured goods now that the commodity boom is over.
In 2014, growth in Southeast Asia's largest economy slipped to the slowest in five years at 5.02 percent. Widodo has said he wants growth to average 7 percent during his five-year term, with investment, rather than consumption, as the driver.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!