SELAMAT PAGI KAWAN, SELAMAT

DATANG DI INDONESIA!

GOOD MORNING FRIENDS, WELCOME TO

INDONESIA!
 Members:
FUNDTASTIC Caresosa, Relinda
GROUP Casas, Eugene
Escovidal, Mahlah
Matondo,Marlet
Morales, Kris Tine Sun
 Highlights

 The world’s biggest nickel ore producer.

 Major exporter of stainless steel.

 World’s timber producer.

 The only Asian country to have been a

member of the OPEC, although its
membership is frozen since December
2017 because it would not agree to
production cuts mandated by OPEC.

 Tourism is a major source of revenue.

 PILLARS OF INDONESIAN
 Agriculture sector:
ECOMOMY
 The second- largest producer of rubber in
the world.
 Other major crops:

-rice
-sugarcane
-coffee
Employment:
-tea 30.2%
-tobacco GDP Contribution:
-palm oil 12.8%
-coconuts
-spices Annual Change:
3.9%
 Industrial sector includes:

 manufacturing of textiles

 cement

 chemical fertilizers

 rubber tyres
Employment:
 clothing 22.0%
 shoes
GDP Contribution:
39.7%
 Service sector includes:

 financial institutions

 transportation

 communications
Employment:
47.8%
GDP Contribution:
43.6%
 Major Export products
 Total exports is US$ 183.5 billion in 2019

Top 10 Exports Mineral fuels including oil: US$39

billion
Animal/vegetable fats, oils,
2.8 waxes: $13.8 billion
3.5
Electrical machinery, equipment:
3.7 $13.3 billion

3.7 21.3 Footwear: $7.4 billion

Iron, steel: $7.1 billion
Vehicles: $7 billion
3.8
Gems, precious metals: $6.9
billion
3.9 Machinery including computers:
$6.7 billion
4.1 Rubber, rubber articles: $6.4
7.5 billion
7.3
Clothing, accessories : $5.2
billion

Indonesia’s top 10 exports approached two-thirds (61.5%) of Indonesia’s total export

 Major Import products
 Total imports is US$ 156.4 billion in 2019

TOP 10 IMPORTS

2.5 1.5 Machinery including computers: US$26 billion

2.6
Electrical machinery, equipment: $19.9 billion

3.4 16.6 Mineral fuels including oil: $15.9 billion

4.5 Plastics, plastic articles: $7.9 billion

Iron, steel: $7.3 billion

4.7 Vehicles: $7.1 billion

Organic chemicals: $5.3 billion

5.1 12.7 Articles of iron or steel: $4.1 billion

Optical, technical, medical apparatus: $3.9 billion

10.2 Other chemical goods: $2.4 billion

Indonesia’s top 10 imports accounted for two-thirds (63.8%) of the overall

value of its product purchases from other countries.
COMPARATIVE ECONOMIC FORECASTS
GDP Growth
Indonesi
Philippines
a
2019 Growth 2019 Growth
Rate Rate
• 5.0% • 6.0%

2020 Projected 2020 Projected

Growth Rate Growth Rate
• -1.0% • -7.3%
 PT Telekomunikasi Indonesia
PT Telekomunikasi Indonesia Tbk (Telkom) is
Indonesia's largest telecommunication and
network provider. The company, which is majority
owned by the Indonesian government, has a
dominating market share of between 45 and 50
percent in terms of mobile phone subscribers in
Indonesia.
Telkom is one of the largest Indonesian
companies in terms of market capitalization. It is
the parent company of the Telkom Group, which
is engaged in a wide range of businesses
including telecommunication, multimedia,
property and financial services.
PT Telekomunikasi Indonesia
Telkom also provides services in
information, media and edutainment,
including cloud-based and server-based
managed services, e-Payment and IT enabler
services, Pay-TV, as well as e-Commerce and
other portal services.
The company has become too large for the
domestic market only and thus expanded its
focus to international expansion in order to
sustain growth. Telkom provides services in
various countries, including Myanmar,
Macau, Hong Kong, Malaysia, Taiwan,
Singapore and USA.
 COMPANY PROFILE

• Number of employees: 24,272 (2019)

• Total equity: Rp 99.561 trillion (2019)
• Total assets: Rp 221.208 trillion (2019)
• Net income: Rp 18.663 trillion (2019)
• Revenue: 135.6 trillion IDR (2019)
• Owner: Government of Indonesia (52.09%)
• Founded: 1856
• Stock Price: 2,730.00 IDR
• Traded in: IDX & NYSE
COVID 19 CASES
Mobility Changes over Time
Government & Institutions Measures in
response to COVID-19

(March 2020) Rp 405.1 trillion

(June 2020) Increased state budget for

handling COVID-19 and National Economic
Recovery Program Stimulus package of Rp
695.20 trillion
 Government & Institutions Measures in
response to COVID-19
Economic Stimulus Healthcare Sector
Measures • Purchase of Test kits, ventilators
• Medical worker incentives
• Subsidy of Social Security Agency premium
Social Protection
• 10 million families in family hope program
• 20 million families in staple food program
• Pre-employment card program for laid-off workers,
informal workers, micro and small business owners
• Free electricity for 24 million customers using 450
KVa; 7 million customers using 900KVa
• Support for low cost housing
• Basic logistical support and basic needs

Tax Incentives and Credit
for Business
• Tax exemption for 6 months for workers in
manufacturing sector with income below Rp200million
per year
• Deferred import tax payments for 6 months in 19
manufacturing sectors
• Corporate income tax reduced from 25 to 22 percent
 Government & Institutions Measures in response to
COVID-19
Stimulus for SMEs • Interest subsidies for microcredit, MSME financing,
guarantees, and placement of funds in banks
Support for Ministries & • Aimed at boosting tourism sector, food security and fisheries,
Regional Administration industrial estates, ICT development, Central government loan
to regional governments, and anticipating economic recovery

Other Non-Fiscal • Reduction of import restrictions for goods under the 749
measures Harmonized System (HS) code. Health certificate and V-legal
documents will no longer be required
• Simplification of import restrictions for raw materials
• Simplification of regulations on agriculture, animal products,
medicine and food imports
• Export-import processes to be sped up for reputable traders
• Elimination of surveyor reports on mandatory commodities up
to 735 companies with good reputation
• National logistics ecosystem development to be improved

Banking and Financial • One-year postponement of credit or leasing payments for loan
Sector up to Rp10 billion for MSME and informal workers
• Postponement of credit or leasing payments without ceiling
limits in accordance with the debtor’s ability to pay the
credit and the agreement with banks or leasing companies
(for SME/non-SME)
 Government & Institutions Measures in response to
COVID-19
Customs Measures Customs Formalities
• Flexibility in submitting Certificate of Origin)
Excise
• Factories or storage areas of ethyl alcohol may be given excise
exemption for social purposes such as raw materials for the
manufacture of hand sanitizers, surface sanitizers, antiseptics
Duty relief
• Exemption to customs duty, excise and/or tax
• be obtained by following specific steps and procedures
• Income tax Art. 22 on importation performed by specific
importer shall be exempted upon request of Exemption
Certificateon
• VAT on specific taxpayers can be given preliminary refunds as
low risk taxable entrepreneur

Tax Measures Reporting & payment for individual income Tax return
• Waive the administrative sanction for 2019 tax returns
• Will not issue a Tax Collection letter for this administrative sanction
Tax Amnesty annual reporting can be submitted by 30 April 2020
Tax treatments in relation to e-commerce – government will be able to
charge VAT on taxable intangible goods and/or services by foreign
individuals or digital companies with significant economic presence
Government & Institutions Measures in response to
COVID-19

Tax Measures Extensions of the timeframe for the fulfillment of

taxation rights and obligations

Provision of incentives in relation to the customs

and excise sector

New digital economy tax measures

REFERENCES:
Asian Development Bank. (2020). Comparative economic forecasts.
https://www.adb.org/countries/indonesia/economy

Nordeatrade. (2020). Maaprofiili Indonesia.

https://www.nordeatrade.com/fi/explore-new-
market/indonesia/economical-context?vider_sticky=oui

World Top Exports. (2020). Indonesia’s Top 10 Exports.

http://www.worldstopexports.com/indonesias-top-10-exports/

World Top Exports. (2020). Indonesia’s Top 10 Imports.

http://www.worldstopexports.com/indonesias-top-10-imports/

Wikipedia. (2020). Telkom Indonesia. Retrieved October 09, 2020, from

https://en.wikipedia.org/wiki/Telkom_Indonesia
About Indonesia
 Terima kasih untuk
mendengarkan!!!

Thank you for listening!!!