TEMPO Interactive, Jakarta: The Change in Government Regulation (Perpu) No.1/2007, the basis of making Batam a free trade zone (FTZ), is regarded as causing the state to suffer a loss. The reason is, by this regulation, all goods that enter this zone will be free from duty, value-added-tax (VAT),...

Batam (ANTARA News) - The government has decided to build Batam and Karimun into a full special economic zone, while Bintan will only be developed into an enclave, the head of the Capital Investment Coordinating Board, Muhammad Lutfi, said here on Tuesday.

Jakarta (ANTARA News/Asia Pulse) - Indonesia will potentially suffer losses of Rp4 trillion (US$444 million) annually in tourism earnings if a plan to ban all local airlines from flying to the European Union (EU) is carried out, according to tour operators.

Yoyakarta (ANTARA News) - University of Gajah Mada economist Dr Sri Adiningsih said the government should not show favoritims in selecting areas to be included in the Negative Investment List (DNI)."If the criteria for areas to be included in the DNI have been formulated, the government should be...