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1 January – An increase in the value-added tax (VAT) rate to 12% is put into effect on luxury goods and services or those that fall into the luxury tax category. [1] 6 January Indonesia is fully admitted as a member state of the BRICS group. [2] The Free Nutritious Meal (MBG) program of the Prabowo administration is officially started. [3]
The 2025 budget includes 71 trillion rupiah for school meals for 20 million students to battle malnutrition, and 15 trillion rupiah to beef up Indonesia's capacity to produce staples such as rice ...
In 2012, Indonesia was the second fastest-growing G-20 economy, behind China, and the annual growth rate fluctuated around 5% in the following years. [ 39 ] [ 40 ] Indonesia faced a recession in 2020 when the economic growth collapsed to −2.07% due to the COVID-19 pandemic , its worst economic performance since the 1997 crisis.
JAKARTA (Reuters) -Indonesia will leave enough fiscal room in the 2025 budget for incoming president Prabowo Subianto's multi-billion free school meal programme, while ensuring the country's track ...
Bank rate, also known as discount rate in American English, [1] and (familiarly) the base rate in British English, [2] is the rate of interest which a central bank charges on its loans and advances to a commercial bank. The bank rate is known by a number of different terms depending on the country, and has changed over time in some countries as ...
Best CD rates for February 14, 2025. Today's best rates of returns are found at FDIC-insured digital banks and online accounts paying out up to 4.40% APY with a $25,000 minimum at NexBank and up ...
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Mortgage interest rates slipped lower over the past week, settling at the lowest level of 2025, but remaining elevated enough to stifle normal levels of buying and selling in the housing market ...