The government could increase tax revenues by US$150 million and the country's gross domestic product (GDP) by $3 billion if it managed to reduce piracy by 10 percent from the current level of 87 percent, says an official of PT Microsoft Indonesia.

Growth in industrial property sales has been lagging in Indonesia. Are things likely to stay that way going forward or is there hope for improvement? The Indonesian property market can be divided into a number of subsectors, i.e., the office, retail, landed residential, condominium, rental apartment, and industrial estate subsectors.

Andi Haswidi, The Jakarta Post Indonesia will inevitably face a new global landscape within 20 years, where people, goods, services and capital will be able to move more freely across borders, a Bank Indonesia discussion was told Tuesday. In response, the government needed to start preparing now by promoting an approach that allowed policies to be adapted quickly, instead of setting rigid quantitative targets.

The government is optimistic that mining investment will rebound this year despite concerns that the mining bill currently being debated will result in a major setback for the sector. In its latest report, the Energy and Mineral Resources Ministry says that total mining investment is expected to increase by 38 percent to US$1.3 billion this year from last year's $945 million.

TEMPO Interactive, Jakarta: SAS Institute Inc., a developer of software for business applications, plans to invest US$2 million, or around Rp18.4 billion, over the next three years for developing the business application market in Indonesia. Erwin Chan, Chief Operating Officer of SAS Indonesia, said that the potential of the software market for business applications in Indonesia is still large.

TEMPO Interactive, Jakarta: Muhammad Lutfi, Head of the Coordinating Body for Capital Investment, has said that the government will soon issue a governmental regulation substituting the law that arranges special economic zones (SEZs). This will provide explanations on VAT that investors have complained about. “By the end of the month, it will have be on the President's desk,” Lufti said yesterday (03/06).