Industry Ministry to analyze impact of new taxes on sweetened drinks

first_imgFinance Minister Sri Mulyani Indrawati explained that the rise in obesity and sugar-related diseases made it necessary for the excise fees on sweetened beverages to be imposed. “We know that there are several diseases caused by overconsumption of sugar, for example, diabetes mellitus, obesity and others. The prevalence of diabetes mellitus and obesity rose almost twofold in the span of 11 years,” the finance minister said during a hearing with House of Representatives Commission XI in Jakarta on Feb. 19, as quoted by She added that the new taxes could raise revenue of up to Rp 6.25 trillion. However, the policy does not apply to products that are made and packaged outside of non-manufacturing factories, exported goods or for honey products and vegetable juices without added sugar, Sri Mulyani said. If imposed, Indonesia will not be the first country to enforce a special tax on sweetened beverages. Read also: Opposition mounts on Vietnam’s plan to impose tax on sweet drinksAccording to a Vietnam News report, the Vietnamese Finance Ministry proposed a 10 percent special consumption tax on sweetened drinks for similar health reasons in 2018. Meanwhile, other countries in Southeast Asia already have a head start. Nonalcoholic carbonated soft drinks are subject to a 20 to 25 percent tax rate in Thailand. Soft drinks in Laos and Cambodia are taxed at a 5 to 10 percent and 10 percent tax, respectively. Singapore has gone a step further by banning advertisements for drinks with high sugar content as part of the country’s “war on diabetes”, the first country in the world to do so. (ydp)Topics : He added that production was projected to be lower, which would impact the growth of the beverage industry. However, the degree of its impact could only be understood after the calculations were made. Referring to the proposed policy from the Finance Ministry, packaged sweetened tea will see an excise fee levied of Rp 1,500 (11 US cents), meanwhile carbonated beverages, energy drinks, concentrated coffee and similar beverages will see a levy of Rp 2,500. The excise is lower for packaged tea because the amount of sugar within these beverages is lower than other sweetened beverages, according to survey results. Read also: Indonesia revives excise plan on plastics, dirty vehicles and sweet drinks The Industry Ministry plans to analyze the impact of the imposition of new taxes on sweetened beverages, proposed by the Finance Ministry, on the beverage industry in Indonesia. The ministry’s acting director of beverages, tobacco and refreshments, Supriadi, said on Friday that it needed to have a quantitative impact analysis, which was currently being carried out by associations and industry players. “What is certain, qualitatively, is that the rise in taxes will lead to a decline in demand as prices rise,” Supriadi said, as quoted by Antara news agency. last_img read more

NBA: James’ ‘dream shake’ helps lift Lakers over Celtics

first_img “I just gave a little dream shake to the baseline and was able to open up the middle and get my fadeaway,” James said. Loading… LeBron James delivered the go-ahead jumper with 30 seconds left to help lift the Los Angeles Lakers to a 114-112 victory over the Boston Celtics Sunday as the two decorated franchises renewed their historic rivalry.Advertisement Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable Way6 Extreme Facts About Hurricanes6 Great Ancient Mysteries That Make China Worth VisitingWho Is The Most Powerful Woman On Earth?Top 10 Iconic Personalities On TV Now10 Risky Jobs Some Women Do10 Legendary Movies To Learn History From8 Superfoods For Growing Hair Back And Stimulating Its GrowthYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime11 Most Immersive Game To Play On Your Table TopKendall Jenner’s Photos Have Never Looked This Good!Who Earns More Than Ronaldo? The NBA powerhouses went down to the wire in a back-and-forth thriller in front of a crowd of almost 19,000 at the Staples Center arena.Boston and Los Angeles have 33 championships between them and have met in the finals a record 12 times.Both are once again title contenders, with the Lakers on top of the Western Conference standings and the Celtics in third in the Eastern Conference.“It’s just special to be part of this rivalry,” James said. “We understand that this has been going on since the ‘50s, ‘60s, ‘70s, ‘80s, ‘90s, all the way through.”James’ fadeaway shot gave the Lakers the lead for good, and Anthony Davis sealed the win with three free throws over the final 12 seconds.“He got to his money shot, the shot he always makes, a shot he always takes in practice and in games, and he did what he does best and made the shot.”James finished with 29 points, nine assists and eight rebounds, while Davis tallied a team-high 32 points and 13 rebounds as the Lakers also showed good defensive strategy late in the game.“The more that you’re in that environment of a close game, of an intense game like that, I think everybody just gets a chance to grow together,” Lakers coach Frank Vogel said.Jayson Tatum scored a career-high-tying 41 points for Boston, who have survived all season on their superior offensive balance.All five Boston starters scored in double figures, with Daniel Theis adding 16 points and nine rebounds and Marcus Smart registering 14 points and seven rebounds.Gordon Hayward scored 10 points but shot zero-of-five from behind the three-point line.Hayward flirted with a triple-double, handing out a team-high nine assists and grabbing eight rebounds.Boston was coming off a Friday’s 127-117 win over Minnesota where four Celtics – Jaylen Brown, Tatum, Hayward and Theis – each scored at least 25 points.– Career high –Tatum’s 41 points Sunday equalled his career-high set January 11th against New Orleans.Eighteen of Tatum’s 41 came in the third quarter, which ended with the teams tied 87-87.The Celtics took a 110-108 lead with 77 seconds left in the fourth when Brown drained a three-pointer. Brown finished with 20 points against the Lakers.Boston played without all-star guard Kemba Walker.Elsewhere, Coby White came off the bench to score 33 points as the Chicago Bulls weathered a career-high 53-point performance from Bradley Beal to defeat the Washington Wizards 126-117.Zach LaVine added 32 points, and Thaddeus Young finished with 25 points for the Bulls, who ended an eight-game losing streak.Tomas Satoransky posted a double-double against his former team with 15 points and 13 assists.Beal shot 15 of 27 from the field, five of 11 from three point range and 18 of 20 from the free throw line for the Wizards who have lost two straight.James’ ‘dream shake’ helps lift Lakers over Celtics[email protected] @Lakers @celtics @AFP— fastbreak (@FastBreakPHNews) February 24, 2020Read Also: NBA: Heat crush Cavaliers, honour WadeThe Wizards loss also meant the Milwaukee Bucks clinched the earliest playoff spot in 15 years despite not playing.Milwaukee is 48-8 and on pace to win 70 games – a feat accomplished only by the 1995-96 Chicago Bulls (72 wins) and the 2015-16 Golden State Warriors (73 wins).In Toronto, Pascal Siakam scored 21 points and the Raptors led all the way to defeat the Indiana Pacers 127-81.FacebookTwitterWhatsAppEmail分享 last_img read more