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The Indonesian government has temporarily cut the value-added tax (PPN) on new homes and the luxury tax (PPnBM) on new car purchases in a bid to boost consumer spending.
Gojek and Tokopedia reportedly in talks for US$18bn merger deal Details 06 January 2021 Indonesia's decacorn Gojek and unicorn Tokopedia are reportedly in advanced talks of a merger to seal a US$18 billion merger ahead of a potential dual listing in Jakarta and the United States. Citing people familiar with the matter, Bloomberg reported that both companies see "potential synergies" and are looking to close the deal in the coming months. It is added that the merged entity will create an Indonesian internet powerhouse, with businesses ranging from rid...