Indonesia Investment<\/p>\n
Update 2007<\/p>\n
Wednesday, May 9, 2007<\/p>\n
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Diamond Room 1 Nikko Hotel \u2013 Jakarta.<\/p>\n
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BACKGROUND<\/p>\n
The Indonesia parliament has just enacted
\nthe new Investment Law at March 29, 2007.<\/p>\n
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This new law is to amend the old one of the Law No. 1 of 1967 regarding The Foreign Direct Investment and Law No. 6 of 1968 regarding The Domestic Direct Investment as amended recently by Law No. 12 of 1970. The new Investment Law aims at simplification of investment-related
\nprocedures and certain other arrangements including adoption of one-roof services. The new law has accommodated internationally recognized standard, practice and principles of investment. The law, as an example, ensures that equal treatment will be accorded to investors irrespective of their nationalities. Moreover, the government of Indonesia, through this law, also attaches importance to the protection from nationalization and xpropriation. When it happens, the government will offer compensation. Therefore, the government also guarantees a right to transfer and repatriate, in term of acceptable foreign currencies. In addition going to international arbitration in order to settle investment disputes is a part of the new investment law.<\/p>\n
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Some investment facilities or incentives in the form of income tax deduction and exemption for certain time are made available for new investors or existing investors who extend their investment, new investment entering designated \"pioneer\" industries, or investor cooperating with small medium enterprises, and investment for specified target pursuant to the New Investment Law. The investment facilities also include the deduction or exemption from import duty for capital goods and raw material that\u2019s not produced in Indonesia.<\/p>\n
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However, the investment law is not the sole panacea to improve the investment climate. There are some old problems that must be solved to improve investment climate in Indonesia i.e. industrial relation and taxation matters. Right now the Indonesia parliament is still working hard to revise the Manpower Law and Taxes Laws. Business players are
\nwaiting for the enactment of the Laws.<\/p>\n
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All topics said above will be covered in the exclusive seminar of Indonesia<\/p>\n
Investment Update 2007 \u201cNew Investment Law:
\nOpportunities & Challenges for<\/p>\n
Doing Business in Indonesia\u201d conducted
\nby Piesta Consulting - an associated member of KS International & Finch
\nFreeman Pty Ltd.<\/p>\n
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TIME & VENUE<\/p>\n
The Indonesia Investment Update 2007 will
\ntake place on Wednesday, May 9, 2007 at Diamond Room 1 Nikko Hotel \u2013 Jakarta.<\/p>\n
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OBJECTIVES<\/p>\n
This exclusive seminar will address key
\npoints of the new Indonesia Investment Law, convergence or divergence with
\ninternational standards and practices. More over, this seminar will discuss
\nfiscal & tax facilities (incentives) for investors and latest development
\nof Draft Revision of Law of General Tax Provisions & Procedures, Income Tax
\nLaw, Value Added Tax Law & Manpower Law. Participants will also gain applicative
\nguidance on doing business in Indonesia from the beginning step of setting up
\nnew venture up to closing a business.<\/p>\n
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WHO SHOULD ATTEND<\/p>\n
It is a must to attend this exclusive
\nseminar for those who are doing or have intention to do business in Indonesia
\nand for those who concern with the Indonesia\u2019s investment climate as well as:<\/p>\n
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1. Investors or Business Owners<\/p>\n
2. President Director & Vice President
\nDirector<\/p>\n
3. Finance Director, Business Development
\nDirector, Administrative & Government<\/p>\n
Liaison Director<\/p>\n
4. General Manager<\/p>\n
5. Corporate Lawyer\/Council<\/p>\n
6. Head of Economic Section of Embassy<\/p>\n
7. Executive\/Leader of Chamber of Commerce
\nor Business Forum\/Association<\/p>\n
8. Consultant in Business, Financial,
\nInvestment and Law<\/p>\n
9. Academician<\/p>\n
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PROGRAM<\/p>\n
08.00 \u2013 08.45 Registration<\/p>\n
08.45 \u2013 08.50 Opening Remarks<\/p>\n
08.50 \u2013 09.00 Opening Speech<\/p>\n
\u201cReadiness of Local
\nBusinessmen to Cooperate with Foreign<\/p>\n
Businessmen in
\nDoing Business in Indonesia.\u201d<\/p>\n
Marzuki Usman,_ Chairman for
\nEconomic Assosiation of<\/p>\n
Indonesia and India (ECAII), Former Minister of Investment<\/p>\n
Fund Mobilization
\n\/Head of
\nInvestment Coordinating Body<\/p>\n
(BKPM) (1999)<\/p>\n
09.00 \u2013 09.10 Speech:<\/p>\n
\u201cForeign Investor
\nPerception on Promulgating of<\/p>\n
New Indonesia Investment Law\u201d<\/p>\n
Joe C. Bartlett, President of
\nAmerican Chamber of Commerce<\/p>\n
(Amcham) in Indonesia<\/p>\n
09.10 \u2013 09.30 Keynote Speech:<\/p>\n
\u201cNew Indonesia Investment Law: A Big Mile<\/p>\n
Stone of Improving Indonesia's Investment Climate\u201d<\/p>\n
Ikmal Lukman, Director of
\nOverseas Promotion, Indonesia\u2019s<\/p>\n
Investment
\nCoordinating Body (BKPM)<\/p>\n
09.30 \u2013 09.45 Coffee Break<\/p>\n
09.45 \u2013 11.00 Session I<\/p>\n
\u201cTax Facilities
\n(Incentives) for Investors and Latest<\/p>\n
Development of
\nDraft Revision of Taxes Laws\u201d<\/p>\n
Astera Primanto
\nBhakti, Head of Sub Directorate of Corporate<\/p>\n
Income Tax
\nRegulation, Directorate General of Taxes<\/p>\n
11.00 \u2013 12.15 Session II<\/p>\n
\u201cHow Save is
\nInvesting in Indonesia? Convergence or<\/p>\n
Divergence with
\nInternational Standards and Practices.\u201d<\/p>\n
Prof. Hikmahanto
\nJuwana, Dean & Professor of Law,<\/p>\n
Department of
\nLaw, University of Indonesia.<\/p>\n
12.15 \u2013 13.00 Lunch Break<\/p>\n
13.00 \u2013 14.15 Session III<\/p>\n
\u201cKey Points of The
\nNew Indonesia Investment Law Differing<\/p>\n
from the Old Regime\u201d<\/p>\n
Prof. Dr. Didik J.
\nRachbini. Head of Special Committee on<\/p>\n
Investment Law of
\n Indonesia Parliament<\/p>\n
14.15 \u2013 15.30 Session IV<\/p>\n
\u201cDoing Business in
\nIndonesia 2007: Setting up Business<\/p>\n
Activities and A
\nCompany in Indonesia (Procedures,<\/p>\n
Constraints, and
\nTricks)\u201d<\/p>\n
Okusi Associates<\/p>\n
15.30 \u2013 15.45 Coffee Break<\/p>\n
15.45 \u2013 17.00 Session V<\/p>\n
\u201cLatest Development
\non Indonesia Industrial Relation\u201d<\/p>\n
Dr. Sutanto
\nSuwarno, Acting Head of Center Administration for<\/p>\n
International
\nCooperation, Ministry of Manpower &<\/p>\n
Transmigration<\/p>\n
17.00 Closing Remarks<\/p>\n
\u00a0<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/seminar-indonesia-investment-update-2007-1178185070", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }