Indonesian Political, Business & Finance News

Archive: 13 January 2009

3 articles found

Devil Is in the Details of New Mining Law, Industry Says

The new mining bill approved by the House of Representatives, or DPR, on Dec. 16, has drawn strong reactions from industry players, who argue that the new bill, which substitutes the old contract of work system with a new permits scheme, could scare off investments in the sector.

Mining Rights Holders Must ‘Use it, Lose it or Share’

The government will give holders of existing mining rights, or KPs, three options to bring their mining areas into line with the restrictions imposed by the recently enacted mining law, so as to help them avoid forfeiting their concessions if they are incapable of fully developing them.

Imported Food Bottleneck Expected to Get Tighter

The country’s hotels and restaurants are now chronically short of imported foods and beverages, with hospitality sector associations blaming a Trade Ministry regulation implemented in November that requires strict import-inspection labeling, or ML, on foreign food products.