Indonesian Political, Business & Finance News

Archive: 17 July 2007

3 articles found

Investment list to stay as it is, for now

The government said Monday it would try to accommodate all suggestions from foreign and local businesses about the newly introduced negative investment list (DNI), but would leave it as it was for now. "We will carry on with what we have at the moment. However, we will listen to their concerns and will try to accommodate them in the upcoming ancillary regulations," Coordinating Minister for the Economy Boediono said after a meeting with business associations.

Nike reaffirms commitment to Indonesia

Nike Inc. restated its commitment Monday to doing business in Indonesia despite its recent decision to cease placing orders with two of its suppliers here, which has prompted massive protests from the companies' workers. Erin Dobson, Nike's director for corporate responsibility and communications, said that Nike had been sourcing in Indonesia since 1989 and remained fully committed to growing its sourcing base over time. "Since 2004, Nike has increased its footwear sourcing by 16 percent.

Foreign investors still interested in Indonesia, minister says

Jakarta (ANTARA News) - Industry Minister Fahmi Idris said that foreign investors are still interested in Indonesia in view of this world largest archipelagic country`s increasing economic growth in addition to its vast population.