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consumption

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Proposed VAT reduction expected to boost consumption, businesses' growth

Proposed VAT reduction expected to boost consumption, businesses' growth

The Ministry of Finance (MoF) has proposed a 2% reduction in value-added tax (VAT) from July 1, 2025 to December 31, 2026, expanding eligibility to include fuel, petroleum, and certain technology products and services. Experts have believed the measure will stimulate consumption, support businesses, and drive economic growth.

Indonesian middle class shrink for five straight years

The Indonesian middle class has been shrinking over the past five years, the Jakarta Post reported on December 31.
Thailand to kick off large-scale consumption stimulus programme

Thailand's Commerce Ministry is working with the private sector to launch a price reduction campaign for goods and services three months before the much-anticipated digital wallet scheme begins.

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