TEMPO Interactive, Jakarta: The government has issued the President Regulations No. 76/2007 and No. 77/2007 on closed and open business with conditions. Boediono, Coordinating Minister for the Economy, said the regulations provide businesspeople clarity about investing in Indonesia. “There are no grey sectors anymore for businesspeople, with all clarity, certainty and transparency.

I would be interested to know the tax generated by local companies and the tax revenue generated by foreign companies

I know SBY has a difficult job to do but the fact that one part of the government is aggressively seeking foreign investment while another part is trying to choke it goes to show how weak his leadership is at the moment.

 Originally Posted By: riccardo How can we shoot ourselves in the foot today? i suspect we are going to be hearing this expression an awful lot over the next weeks/months.

Every parliament or cabinet meeting must start with: How can we shoot ourselves in the foot today? Usually answered with some new rent-seeking policy. And they've done it again.

Government should not upset over lower tax receipts Medan (ANTARA News) - The government must not go "berserk" in responding to its decreased income from taxes because the decline is a consequence of the lingering economic crisis and the wretched mentality of its tax collecting personnel, an economic observer here said.

Jakarta (ANTARA News) - The government has decided that 19 lines of business are open to investment only in certain locations on the basis of regional administration regulations.

Jakarta (ANTARA News) - The government has declared 43 lines of business of micro, small and medium entrepreneurs under presidential regulation No 77/2007 closed and open with certain requirements. "In addition to lines of business for micro, small and medium intrepreneurs, there is a part of the businesses that is open to big businessmen to participate if they are forging cooperation with micro, small and medium businessmen," Trade Minister Marie E Pangestu said here on Wednesday.

JAKARTA(AP): Indonesia has set limits on the foreignownership of companies in several sectors it says are key to national security, including cellular and fixed line telecommunications firms, the country's trade minister said Wednesday.

The government has issued its latest so-called negative investment list, which sets out a more comprehensive description of which business sectors are closed to foreign investors. The new list, required under the recently enacted Investment Law, governs a total of 338 business sectors, of which Trade Minister Mari Elka Pangestu said 69 sectors would now be more open than before, with 11 becoming more restrictive. The previous 2000 and 2001 negative investment lists covered 83 sectors.

Published: July 4 2007 17:42 | Last updated: July 4 2007 17:42 Indonesia on Wednesday announced a 49 per cent foreign ownership cap on companies in sectors such as multimedia, ports, airports, and education. Limits in mobile phone, construction and health services were placed at between 50 per cent and 100 per cent. The ruling comes amid concerns over the growing influence of foreign business in the country after a number of state asset sales since the 1997-78 Asian crisis.