Indonesian Political, Business & Finance News

Archive: 10 December 2009

9 articles found

Corruption rife in goods and services procurement

yes, that's right, om. hard to believe, but there's corruption in indonesia.

Corruption rife in goods and services procurement

Jakarta (ANTARA News) - The government`s goods and services procurement is the most vulnerable area for corruption.In this sector, corrupt officials have stolen Rp689.19 billion or about 35 percent of the Rp1.9 trillion worth cases handled by the Corruption Eradication Commission (KPK) since 2005.

Government to Remove Some Taxes From Riau Trade Zone

TEMPO Interactive, Jakarta: The government announced plan to remove exit or entrance fee for commodities in Batam, Bintan, and Karimun Free Trade Zone as part of the plan to revise the trade regulation in the area.

Indonesia less competitive than regional peers, says European Union

Forget about competing with China - Indonesia lags behind Vietnam, Thailand and Malaysia in terms of trade and investment relations with EU member countries, an EU study revealed Tuesday.Despite being the largest economy in Southeast Asia, the volume of trade and investment between Indonesia and EU...

Indonesia's legal system biased and unfair

Jakarta, Indonesia - Three shameful cases brought before Indonesian courts recently reveal that the country’s legal system is in very poor shape. The law is applied forcefully against the poor and vulnerable, while the rich and powerful evade it with impunity.

Purwakarta, Yogyakarta best regions to invest this year

Purwakarta regency in West Java and Yogyakarta city in the special province of Yogyakarta were named the best regions Wednesday in terms of efforts to attract investment in 2009. Purwakarta regency won the award in the regency category, after beating Sidoarjo in East Java which finished second,...

BKPM to announce negative investment list

Jakarta (ANTARA News) - Head of the Capital Investment Coordinating Board (BKPM) Gita Wirjawan said his office would announce the negative investment list (DNI) early in 2010."It will be announced early next year and any change that would be made in it would be aimed at abolishing...

Indonesia's Import Services to go Online This January

The government is planning to launch an online, integrated documents-processing service for importers in January, the nation’s chief economics minister said on Wednesday.The move is intended speed up the process of submitting documents for traders, and make it easier for them to obtain clearance...

Indonesia Investment Reaches ‘Bottom,’ To Rise 15% in 2010: BKPM

The value of direct investment in Indonesia is predicted to rise by up to 15 percent next year after bottoming out in 2009, thanks to stable domestic economic conditions and an expected recovery elsewhere in Asia and beyond, the head of Indonesia’s main investment body said on Wednesday.