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Indonesia to ‘recalibrate’ policies to attract foreign EV makers, finance minister says

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But Indonesia won't engage in a race to the bottom against other countries tax-wise, says Dr Sri Mulyani Indrawati. Read more at straitstimes.com.

JAKARTA - Indonesia is looking to recalibrate policies and leverage its existing strengths to attract foreign electric vehicle manufacturers to set up shop in the country, Finance Minister Sri Mulyani Indrawati said.

But while more tax incentives are among the sops being dangled to attract foreign investment, there are no plans to have a veritable fire sale to give the sector a boost, Dr Sri Mulyani told The Straits Times.Get exclusive reports and insights with more than 500 subscriber-only articles every month

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Asean must stay united, neutral and build resilient growth: Indonesian finance ministerThe bloc must not become a battleground for influence amid the great power rivalry between the US, China and Russia, Dr Sri Mulyani Indrawati said. Read more at straitstimes.com.
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