Indonesian Political, Business & Finance News

Archive: 27 June 2007

3 articles found

RI urged to get rid of fuel subsidies

Indonesia needs to stop subsidizing the sale of oil-based fuels and gas on the domestic market in order to make it more attractive to investors, the government has been told.The president of the International Energy Agency (IEA), Leonard L.

Negative Investment List disadvantageous to RI: EU envoy

Jakarta (ANTARA News) - European Union (EU) Ambassador to Indonesia Jean Breteche said the Negative Investment List (DNI) now being prepared by the government would disadvatage Indonesia because it restricted the entry of foreign investment."If over protected, Indonesia will become a closed state.

Massive Australian investment in Indonesia hinges on law change

Jakarta (ANTARA News) - Billions of dollars of Australian investment to Indonesia hinges on new legislation being passed through Indonesia's parliament, Australia's trade minister said during a visit here Tuesday.Trade Minister Warren Truss said that about 2.