Rania Teguh

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Articles

Commentary: Indonesia’s VAT hike reversal has businesses and investors rattled

Jan 15, 2025 | channelnewsasia.com | Rania Teguh

CANBERRA: On Dec 31, 2024, the eve of a long-anticipated increase in Indonesia’s value-added tax (VAT) rate from 11 to 12 per cent, President Prabowo Subianto abruptly decided to revise the hike, announcing that it would apply only to luxury goods. This eleventh-hour shift has created substantial uncertainty for businesses and investors, raising questions about Indonesia’s fiscal management and economic strategy. The decision undermines trust in the consistency of government policy.
Trust wavers as Indonesia reverses VAT hike

Jan 14, 2025 | eastasiaforum.org | Rania Teguh

On the eve of a long-anticipated increase in Indonesia’s value added tax (VAT) rate from 11 to 12 per cent, President Prabowo Subianto abruptly decided to revise the hike, announcing that it would apply only to luxury goods. This eleventh-hour shift has created substantial uncertainty for businesses and investors, raising questions about Indonesia’s fiscal management and economic strategy. The decision undermines trust in the consistency of government policy.
Prabowo’s 8% Growth Gamble: Reform or Bureaucratic Bloat?

Oct 17, 2024 | thediplomat.com | Rania Teguh

Indonesia’s president-elect, Prabowo Subianto, has laid out an ambitious goal of 8 percent annual economic growth during his first term, with the aim of catapulting Indonesia into high-income status by 2045. Yet early signs suggest that his approach may already be misaligned with this target.
Growing Indonesia’s strategic influence in a zero-sum world

Mar 19, 2024 | indonesiaatmelbourne.unimelb.edu.au | Rania Teguh |Albert Jehoshua Rapha

Prabowo Subianto is set to become Indonesia’s next president after winning an estimated 58 percent of the vote in the presidential election on 14 February. He inherits the leadership of a country currently enjoying robust economic growth. But the path forward is not as idyllic as it might seem.
Visi Misi Pemilu 2024: euforia ekonomi digital paslon belum mempertimbangkan persaingan usaha

Dec 19, 2023 | theconversation.com | Albert Jehoshua Rapha |Rania Teguh

Di tengah glorifikasi potensi ekonomi digital Indonesia, ketiga calon presiden dan wakil presiden (capres-cawapres) belum memaparkan visi misi konkret untuk mendorong pertumbuhan ekonomi sektor tersebut. Kontribusi produk domestik bruto (PDB) nasional dari ekonomi digital ditargetkan meningkat dari 6,12% pada tahun 2021 menjadi 20,7%, atau mencapai Rp 22.513 miliar pada tahun 2045, berdasarkan pada proyeksi Kementerian Perencanaan Pembangunan Nasional.
Indonesia’s ‘Losers’ Reshape Policy as TikTok Exits Online Retail - Tribune Content Agency

Oct 12, 2023 | tribunecontentagency.com | Rania Teguh

TikTok’s abrupt suspension of its online retail business in Indonesia last week, in order to comply with the government’s social media e-commerce ban, dealt a heavy blow to its rapidly expanding e-commerce operation. This situation is not one of governments picking losers, but rather of losers shaping policy, as declining businesses often seek to protect their remaining profits.
Indonesia’s ‘Losers’ Reshape Policy as TikTok Exits Online Retail

Oct 12, 2023 | thediplomat.com | Rania Teguh

For all its short-term benefits, such protectionism will not benefit the country’s economy in the long run. TikTok’s abrupt suspension of its online retail business in Indonesia last week, in order to comply with the government’s social media e-commerce ban, dealt a heavy blow to its rapidly expanding e-commerce operation. This situation is not one of governments picking losers, but rather of losers shaping policy, as declining businesses often seek to protect their remaining profits.
Indonesia’s ‘Losers’ Reshape Policy as TikTok Exits Online Retail - The Diplomat

Oct 11, 2023 | asiatoday.co | Rania Teguh

TikTok’s abrupt suspension of its on-line retail enterprise in Indonesia final week, with a view to adjust to the federal government’s social media e-commerce ban, dealt a heavy blow to its quickly increasing e-commerce operation. This case shouldn’t be one among governments selecting losers, however fairly of losers shaping coverage, as declining companies usually search to guard their remaining earnings.