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us tariffs may reduce indonesia's growth by up to 0.5 percent

Indonesia's Finance Minister Sri Mulyani Indrawati warned that potential US tariffs could reduce the country's economic growth by 0.3 to 0.5 percentage points. To mitigate this impact, Indonesia plans to increase US imports, implement tax cuts, and ease import rules while emphasizing regional cooperation among ASEAN nations. Despite concerns, the overall effect is expected to be limited due to Indonesia's strong domestic market and lower export dependence on the US.
Tech in Asia
Indonesian Rupiah United States Dollar Apple Inc. IDN PHL VNM SGP MYS THA Sri Mulyani Bilahari Kausikan Show more
Finance & Economy, Market Report
05:59 11.04.2025

fore coffee's ipo attracts overwhelming interest amid market uncertainty

Fore Coffee's IPO was oversubscribed by over 200 times, attracting 114,873 retail investors, and is set to debut on the Indonesia Stock Exchange on April 14, aiming to raise approximately 353.44 billion rupiah (around US$21 million). The funds will be allocated to opening 140 new stores, expanding its donut business, and working capital. Established in 2018, Fore Coffee currently operates over 216 outlets across Indonesia and one in Singapore.
Tech in Asia
Indonesian Rupiah United States Dollar USA IDN Sri Mulyani Willson Cuaca
Business & Industry, Press Release
05:39 11.04.2025

love bonito reports strong growth and plans for future expansion

Love Bonito reported a 37% revenue growth in 2023 and aims for over US$75 million in revenue and EBITDA profitability by 2025, despite workforce cuts. Meanwhile, EngineAI, a Shenzhen robotics startup, raised nearly US$28 million to enhance R&D and expand internationally. In response to US tariffs, Indonesia plans to reduce the effective tariff burden on businesses, while Singapore's Prime Minister warns of economic repercussions from a 10% universal tariff.
Tech in Asia
United States Dollar NAURA Technology Group Co., Ltd. IDN CHN SGP USA QAT Sri Mulyani Donald Trump Lawrence Wong Show more
Business & Industry, Market Report
11:30 10.04.2025

indonesia to reduce tariff burden by 14 percent after us hike

Indonesia's Finance Minister Sri Mulyani announced a plan to reduce the tariff burden on local businesses by 14% following a 32% US import tariff on Indonesian products. The measures include cutting income tax on imports from 2.5% to 0.5%, reducing import duties on certain US products, and lowering export tariffs on crude palm oil, all aimed at supporting local industries amid ongoing trade tensions.
Tech in Asia
Indonesian Rupiah United States Dollar USA IDN Sri Mulyani
Finance & Economy, News Article
02:46 09.04.2025
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