Aditya Suharmoko, The Jakarta Post, JakartaThe government and the House of Representatives last week finalized an amendment to the income tax law, which, when enacted next month, will cut taxes and offer incentives to businesses.

The Jakarta Post, JakartaSamsung Group, South Korea's largest company, plans to develop a 25,000-hectare oil palm plantation and a biodiesel refinery in Riau province with an investment of up to Rp 15 trillion (US$1.63 billion).

Aditya Suharmoko, The Jakarta Post, JakartaIn a bid to amend the country's drastic ratio of registered tax payers to eligible tax payers, the tax office will impose fines and prison sentences upon those who fail to apply for tax identification numbers (NPWP) by the end of the year.

The central government has recommended the cancellation of about 2,000 regional bylaws on tax and retribution, in an attempt to simplify the management of local economy and to create aconducive investment climate, says the finance minister.

Indonesia's tea exports may increase 8 percent this year on the back of stronger demand, an industry player says.The national tea council chairman Abdul Halik said Tuesday tea shipments this year may increase to 102,600 tons of green and black tea from 95,000 tons shipped out last year.

Which local governments govern best? That is the central question addressed by the Local Economic Governance report launched Tuesday by KPPOD (Regional Autonomy Watch) and The Asia Foundation.The report ranks 243 districts across Indonesia on the quality of their local economic governance based on...

Paris (ANTARA News) - Indonesia needs to improve the business environment and make better use of labour inputs to put the economy on a higher growth trajectory, the Organisation of Economic Cooperation and Development (OECD) said.

Jakarta, (ANTARA News) - Indonesia`s non-oil/non-gas exports are expected to grow 8.98 percent this year, falling short of the target of 13.5 percent due to low demand in export destination countries such as the United States, Europe and Japan, an economist said.

Jakarta, (ANTARA News) - The Union of Indonesian Rubber Companies (Gapkindo) is asking the government to ban foreign investment in the rubber processing industry in the country, a spokesman said."There is no reason to allow foreign investment in the rubber processing industry because the...