Five foreign investors and their Indonesian partners invested $65.5 million in Jambi province last year, a report said, according to Antara.The investment projects created jobs for more than 2,700 people, said the report, issued by the provincial development and promotion body on Monday (2/7/07).

The government has issued its latest “priority investment list”, which sets out a more comprehensive description of which business sectors are opened and closed to investors.The new list, required under the recently enacted Investment Law, governs a total of 338 business sectors, of which Trade...

JAKARTA - In an unexpected lurch toward more market protectionism, Indonesia last week greatly expanded its "negative investment list" of local industries to which foreign investment is partially or wholly restricted in Southeast Asia's largest economy.

To help develop the renewable energy sector and the use of biofuels, the government is considering providing various incentives, including value-added tax (VAT) reductions for business players, and excise duty cuts for biofuel users.Evita H.

After liberalizing the oil and gas sector, the government now plans to do the same in the power sector, with a bill allowing new players to compete with state utility PT PLN in electricity generation, distribution and transmission.