1 + 1 - my share = Indonesia

Jakarta (ANTARA News) - The Indonesian Accountants Association (IAI) reported the Indonesian finance accountancy standards convergence (SAK) to International Financial Reporting Standards (IFRS) at its 51st anniversary. An IAI Press release said that the IFRS converged accounting entity controlling treatment would be applied to entities financial reports as of January 1 2012. Compliance to IFRS will give benefits to comparable financial reports and transparency enhancement.

Jakarta, (ANTARA News) - Economic observer from the Institute for Development of Economics and Finance (Indef), Aviliani, predicts direct investment in Indonesia in 2009 will drop due to political conditions in the year. "The direct investment growth will be withheld as foreign investors are waiting to see the results of the 2009 general elections. Investors will also see prospects of business certainty next year," she said to ANTARA here on Friday.