Indonesia
Indonesia hunting for hidden wealth
Indonesia’s mammoth $368bn tax haul has been followed by new regulations aimed at tracing and taxing money that was not declared during the nine-month amnesty that ended in March.
US giant enters Indonesian life insurance market
US-headquartered Prudential Financial has entered the Indonesian life insurance market in a joint venture with a unit of local group CT Corp in Jakarta, the companies said in a statement.
Indonesia’s tax amnesty boosts bond appeal
Indonesia’s tax amnesty brought in revenue, which lowered the fiscal deficit and enhanced the appeal of government bonds, says Allianz Global Investor’s David Tan.
Indonesia’s life premiums jump 28% in Q1
Premiums in the Indonesian life industry soared by 28% in the first quarter of this year, compared to the same period in 2016, according to latest data released from the Financial Services Authority (OJK).
OCBC opens Indonesia wealth unit amid tax amnesty success
Singapore’s OCBC Bank has launched an onshore private banking business, spurred by Indonesia’s tax amnesty.