Bapepam opposes planned restrictions on foreign investments Bandung, West Java (ANTARA News) - The Capital Market Supervisory Board (Bapepam) opposes the proposed restriction on the inflow of foreign investments to avoid hedge funds that may cause bigger problems, its chairman A. Fuad said. "We have long applied open capital account. "If the policy is applied we will see a setback," he said in a workshop here on Saturday.

Ex-investment chief jailed for graft The Jakarta Post, Jakarta The Anticorruption Court sentenced former Indonesian Investment Coordinating Board (BKPM) chief Theo F. Toemion to six years' imprisonment and fined him Rp 300 million (US$32,840) on Friday for misappropriating Rp 30.15 billion in state funds. The court also ordered Theo to return Rp 23.115 billion of the funds within one month, or face the seizure of his assets for auction.