Kuala Lumpur (ANTARA News) - Malaysia's largest telecommunications provider Telekom Malaysia does not expect the new ruling in Indonesia governing foreign ownership in telecom companies to affect its shareholding in PT Excelcomindo Pratama Tbk. Telekom currently holds a 67 percent stake in Excelcomindo. "Based on the report that has come out, the new ruling should not be applied (retroactively).

Kuala Lumpur (ANTARA News) - Malaysia's largest telecommunications provider Telekom Malaysia does not expect the new ruling in Indonesia governing foreign ownership in telecom companies to affect its shareholding in PT Excelcomindo Pratama Tbk. Telekom currently holds a 67 percent stake in Excelcomindo. "Based on the report that has come out, the new ruling should not be applied (retroactively).

Banda Aceh (ANTARA News) - Aceh Jaya district, Nanggroe Aceh Darussalam (NAD) province, is still wide open to national and foreign investors to sink their capital in the district in a bid to create new job opportunities and accelerate economic growth, a local official has said. "We will provide various facilities to investors who wish to exploit Aceh Jaya`s natural wealth for the local people`s prosperity and welfare," Deputy to the Aceh Jaya district head, Zamzami A Rani, said here Friday.

Indonesian Chamber of Commerce and Industry (Kadin) may look for a review of the newly signed presidential decree on sectors prohibited to foreign investment. "We want to set things in perspective and correct a few errors so that the decree will be capable of being successfully applied," Kadin chairman Muhammad S. Hidayat told The Jakarta Post on Thursday.