JAKARTA, May 21 (Reuters): Indonesia raised 100 billion yen (US$920.56 million) from the sale of Samurai bonds in six tranches amid solid demand from Japanese and overseas investors, the finance ministry has announced.
The shortest tenure of 3 years had a 0.33% coupon, compared with last year s 1.13%, while the 20-year bonds had a 1.44% coupon versus a 1.80% coupon in the previous sale, the ministry said in a statement.
The funds will be used to finance the budget deficit including coronavirus pandemic relief.
Meanwhile, Indonesia has drawn up proposals to bring in a carbon tax to curb greenhouse gas emissions, in addition to raising VAT rates and reforming income tax, as part of a major overhaul of the tax system, a finance ministry document showed.
Sustainable BusinessIndonesia considering carbon tax under major tax overhaul -document
Reuters
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Smoke and steam billows from a coal-fired power plant owned by Indonesia Power in Suralaya, Banten province, Indonesia, July 10, 2020. REUTERS/Willy Kurniawan
Indonesia has drawn up proposals to bring in a carbon tax to curb greenhouse gas emissions, in addition to raising VAT rates and reforming income tax, as part of a major overhaul of the tax system, a finance ministry document showed.
The document, uploaded on Friday, provides a more detailed look at the options the government is considering than in a presentation to parliament a day earlier.
Japan was the region s third-largest carbon emitter in 2019, after China and India. - Reuters
MELBOURNE (Reuters): Asian energy officials on Wednesday (May 19) disputed the International Energy Agency s (IEA) call for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too narrow.
The IEA, which has previously championed the oil and gas industry, this week outlined a path to net-zero emissions that suggested stopping new investments in oil, gas and coal supply, retiring coal-fired plants in advanced economies by 2030, and banning sales of new internal combustion engine cars by 2035.
Asia snubs IEA s call to stop new fossil fuel investments straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.