Indonesian Political, Business & Finance News

Archive: 15 January 2009

2 articles found

Foreigners’ Real Estate Rules Should Ease: REI

The Indonesian Real Estate Developers Association, or REI, is calling on the government to relax rules on property ownership for foreigners by extending them the right to purchase leaseholds titles to apartments and houses for a minimum of 75 years, or even allow them to purchase property outright.

Government Presses Oil Contractors To Use Local Service Firms

The government is urging oil and gas contractors to utilize the services of Indonesian firms in their 2009 projects, as part of efforts to support domestic economic growth amid the global economic crisis, said the State Ministry for State Enterprises.