Tue, 17 Oct 2006
Incentives for Investors Not Ready
Friday, 13 October, 2006 | 12:50 WIB

TEMPO Interactive, Jakarta: The Department of Public Works has not yet settled on incentives that can be granted to investors in its bid on a number of projects for the second infrastructure meeting in early November of this year.

Expert Staff of the Minister of Public Works of the Economics and Investment Division, Sumaryanto Widayatin, said that incentives will be based on the discussion with investors-to-be during the meeting. The incentives will also be granted based on the condition of the government's fiscal and the priority of project.

Sumaryanto guaranteed that investors will obtain the incentives. The government will not be indifferent. He cited the incentives may take the form of soft credit, guarantees, or the government may even initially handle a part of the work first.

The projects under the Department of Public Works that will be offered in the meeting include: Medan-Kualanamu-Tebing Tinggi and Solo-Kertosono tollroads. In addition, clean water projects will also be presented on Tangerang, Bandung and Dumai.

Harun Mahbub



News Search/Filter
Transaction Rates
17 Dec 17
Buy
Sell
BTC1
259,014,751
259,014,751
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services