Indonesian Political, Business & Finance News

Archive: 30 March 2007

9 articles found

Investment bill passed by House

The House of Representatives finally endorsed the long awaited Investment Law on Thursday amid a walk-out by legislators of one of the main political parties, and noisy protests from non-governmental organizations.

Hutchinson Launches 3G Service

TEMPO Interactive, Jakarta: PT Hutchinson CP Telecom Indonesia launched third generation-based (3G) cellular telecommunication service yesterday (29/3). In the first stage, the service called '3' will be available commercially in 67 cities in Java.Hutchinson Telecommunication International Ltd.

Norway Asks Indonesia to Apply Definitive Tax System

TEMPO Interactive, Jakarta: Norwegian Prime Minister Jens Stoltenberg has asked Indonesia to apply a tax system that is open, stable and has legal certainty. According to him, many companies in Norway are interested in investing here: for example, an oil and gas company.

Two Parties Turn Down Law on Capital Investment

TEMPO Interactive, Jakarta: The House of Representatives (DPR) has yesterday (03/29) approved a Draft Bill on Capital Investment to be legalized as law. However, in the plenary session, the Indonesian Democratic Party-Struggle (PDIP) and National Awakening Party (PKB) Factions rejected the decision.

Deliberation of tax bills deadlocked again

Coordinating Minister for the Economy Boediono said Thursday he was upbeat that a much-awaited new package of tax legislation could be passed into law this year, despite the prolonged debate."We're optimistic (that the deliberations can be completed this year), as this is necessary for all our...

Qatar Airways expected to bring more foreign tourists to Bali

With the launch of direct flight from Doha to Bali's provincial capital, Denpasar, last week, Qatar Airways is expected to help bring more tourists from the Middle East and Europe to the resort island.Speaking Thursday to reporters at a media gathering at the Ritz Carlton hotel in Jimbaran Bay,...

Hutchison enters tight RI mobile market

Hutchison Charoen Pokphand Telecom (HCPT) Indonesia became the latest newcomer to the country's already crowded cellular communications industry after it rolled out its nationwide GSM-based services Thursday.

Govt to reduce number of sectors in negative investment list

Jakarta (ANTARA News) - The Indonesian government will slash the number of sectors on its negative investment list to attract more investors after the House of Representatives passed an investment bill into law on Thursday, an official said.

Indonesia expects investment to grow by 10 percent

Jakarta (ANTARA News) - Indonesia is expecting this year`s investment to grow like before the economic crisis reaching around 10 percent following the passage of the new investment bill into law by the House of Representatives on Thursday.