• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 19th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Ganjar Pranowo, Indonesia Democratic Party of Struggle (PDIP) candidate in the 2024 presidential election, speaks during the party's national meeting in Jakarta, Indonesia, September 29, 2023. Willy Kurniawan
Ganjar Pranowo, Indonesia Democratic Party of Struggle (PDIP) candidate in the 2024 presidential election, speaks during the party's national meeting in Jakarta, Indonesia, September 29, 2023. Willy Kurniawan
Home
World
Asia Pacific

Indonesian presidential hopeful Ganjar pledges legal certainty, tax reforms

October 24th, 2023 | 07:22 AM WORLD Asia Pacific 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

North Korea's Kim Yo Jong denies Zelenskiy's claim on additional troops deployment
Hyundai Motor India to raise car prices by up to 1% from September
Hong Kong exchange posts record half-year profit on trading, fundraising boom
After Philippines school shooting, debate shifts to social media, gun safety
By Reuters

An Indonesian candidate for president, Ganjar Pranowo, promised on Tuesday to ensure legal certainty for foreign investors and tax reforms that will double the government's spending capacity if he is elected to the highest office.

The certainty issue ranks among investors' key concerns for doing business in Indonesia, said Ganjar, a former provincial governor and the first of three contenders set to speak at an American Chamber of Commerce event.

"Illegal fees must be eradicated, services must be made cheaper, faster. We must provide legal certainty by enforcing the law," added Ganjar, who narrowly trails defence minister Prabowo Subianto, the frontrunner, in election surveys.

As Indonesians prepare to vote for their next leader on Feb. 14 next year, ex-general Prabowo and former Jakarta governor Anies Baswedan will speak later at Tuesday's event.

Incumbent Joko Widodo, who must step down after serving a maximum of two terms, has brushed off fears that he is building a political dynasty, saying the people's votes would decide.

Ganjar, who has a law degree, has promised to boost the average growth of Southeast Asia's largest economy to 7% if he wins the next five-year presidential term, up from last year's growth of 5.3%.

With a running mate who is a former top judge, Ganjar also pledged to digitalise the tax system in an effort to boost tax revenues and double the national budget, despite the absence of any proposal for tax hikes in his policy platform.

At about a tenth of GDP, the tax ratio in Indonesia is among the lowest in the Asia-Pacific region, and governments have relied on inducements such as tax amnesties in efforts to boost tax collection.

However, authorities going after participants of previous tax amnesties was an example of the lack of legal certainty Ganjar looked to resolve, he said, while threatening to replace the non-performers among tax officials.

He stopped short of detailing how he planned to boost revenue.

Ganjar also pitched a proposal for a special economic zone to lure U.S. pharmaceutical companies such as Pfizer, Johnson & Johnson and Merck, with tax incentives to make drugs and carry out research in Indonesia that could avert the next pandemic.

  • Topic
  • Indonesia
  • ECONOMY/ELECTION
Facebook Twitter Google+ LinkedIn Pinterest
Previous article North Korea's Kim Yo Jong denies Zelenskiy's claim on additional troops deployment

Related Posts

Asia Pacific
August 19th, 2026

North Korea's Kim Yo Jong denies Zelenskiy's claim on additional troops ...

Asia Pacific
August 19th, 2026

Hyundai Motor India to raise car prices by up to 1% from September

Asia Pacific
August 19th, 2026

Hong Kong exchange posts record half-year profit on trading, fundraising...

Asia Pacific
August 19th, 2026

After Philippines school shooting, debate shifts to social media, gun sa...

Asia Pacific
August 19th, 2026

Thai schools hold shooting response drills after deadly school attack

Asia Pacific
August 19th, 2026

China robot makers flock to Beijing show, seek path to mass adoption

The Wire
Aug 19th 2 h ago
Government

DOJ argues Comey novel shows he knew ‘86 47’ post was a thr...

Aug 19th 2 h ago
Business

Fed policymakers' inflation concerns increased at July meet...

Aug 19th 2 h ago
Sports

Swiss rider Poncini dies in Manx GP qualifying

Aug 19th 2 h ago
Business

Amazon plans drone delivery expansion to about 500 US local...

Aug 19th 2 h ago
Litigation

Abbott settles appeal over $495 million infant formula verd...

TRENDING ON FINANCETIME
Aug 19th, 2026 Sports

Mets' Jorge Polanco (ankle) to have season-ending surgery

Aug 19th, 2026 Sports

Reports: Phillies sign free agent LHP Nestor Cortes

Aug 19th, 2026 Business

US CFTC seeks comment on compute derivatives as AI demand grows

Aug 19th, 2026 Technology

Payments firm Stripe to buy AI developer platform OpenRouter

Aug 19th, 2026 Government

ABC says intimidation by Trump's FCC forced programming changes

Markets-Sectors
ENERGY -0.01%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT