Sign up | Log in



Home  >>   Daily News  >>ฺIndonesia>>Economy>> Benefits await those who repatriate money from overseas
NEWS UPDATES Asean Affairs     October 10,  2016  

Benefits await those who repatriate money from overseas

The Financial Services Authority (OJK) has urged Indonesians to take advantage of the tax amnesty program and repatriate their money back to Indonesia, saying that the government has prepared some attractive financial instruments to encourage this process.

Nurhaida, an OJK commissioner for capital market supervision, said on Thursday one of the government’s stimulus packages catered for investors in real estate investment trusts (REITs).

“One of the products controlled by the OJK is REITs. We have offered tax incentives,” she said on Thursday.

Although the first phase of the program exceeded expectations, the amount of money brought back from foreign countries amounted to just Rp 137 trillion (US$10.5 billion), or 14 percent of the Rp 1 quadrillion target set by the government.

The REIT concept is attractive because it gives benefits to both buyers and sellers, Nurhaida said.

For instance, a shopping mall owner usually has to wait for years to obtain a return on his or her investment. With REITs, investment managers could offer this property to the public. Then, people could invest their money into the REIT to buy the asset collectively.

“The property owner gains benefits because they are able to obtain cash and use it immediately to purchase other assets, while for buyers, they can accrue profits from rent from the shopping mall tenants,” she added.

The government plans to impose just a 0.5 percent final income tax rate on sales of property to REITs from a previous rate of 5 percent.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          October  10, 2016 Subsribe Now !
• Kamworks will harness sun to power residential tower Subcribe: Asean Affairs Global Magazine
• VN calls on Thailand investment in supply 
• Annual shopping festival to lure more foreign tourists
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Philippines' defence minister says military can manage without US aid
• Benefits await those who repatriate money from overseas
Asean Analysis                  September 30, 2016
• Asean Analysis  September 30, 2016
In Washington, Yasay Defends the Duterte Doctrine
Advertise Your Brand

Asean Stock Watch   October  7 , 2016

• Asean Stock Watch-October 7, 2016
The Biweekly Update
• The Biweekly Update  September 30, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand