Indonesian Political, Business & Finance News

Archive: 13 April 2006

2 articles found

New law to bring issuance of local taxes into line

New law to bring issuance of local taxes into line Urip Hudiono, The Jakarta Post, Jakarta The government, in another effort to improve the country's investment climate, has completed a new bill prohibiting regions from arbitrarily imposing local taxes. The draft regional tax and user charges law, which was submitted to the House of Representatives for deliberation last month, also strictly regulates existing local taxes, particularly on their maximum rates.

Pertamina, Aramco considering to build oil refinery

Apr 13 04:18 Pertamina, Aramco considering to build oil refinery Jakarta (ANTARA News) - Indonesian state-owned oil company Pertamina is considering to build an oil refinery in cooperation with the Saudi oil company Aramco. Pertamina`s vice president director Iin Arifin Takhyan said here on Wednesday based on Law Number 22 of 2001 on oil and gas there was a chance for companies other than Pertamina to build a refinery plant in the country.