Jakarta (ANTARA News) - The government will discuss three incentive options in an effort to accelerate the development of fuel oil refinery plants, a downstream oil affairs official said. Down Stream Oil Development Director Saryono Hadiwidjojo said in a press release here on Friday that the three options consisted of free import duties for capital goods, loan guarantee from the government and refinery product sales with a market price.

State pawn shop operator Perum Pegadaian is set to go public, saying it would prefer Indonesian investors buy its shares over foreign interests. “The Indonesian investors know that many people still live in poverty. So they will not only be eager to earn big profits," Perum Pegadaian President Director Candra Purnomo told reporters during a public announcement on Thursday. According to Candra, the company helps poor people, who usually borrow an average of Rp 100,000 (US$9.7).

Family-owned businesses (FOBs), are considered a safe haven in tumultuous times. They appear closely managed, and in Asia, well diversified to outlast a recession. But is this the case in Indonesia? According to the Family Business Review, the main costs of family ownership are the potential to expropriate resources from other stakeholders in the firm and to appoint incompetent family members to positions in the company.

May 15 (Bloomberg) -- Indonesia’s economy grew at the fastest pace in Southeast Asia last quarter as local spending accelerated at its fastest pace since at least 2000, helping the nation fend off the global recession. Gross domestic product expanded 4.4 percent in the three months to March 31 from a year earlier, compared with a 5.2 percent gain in the previous quarter, the statistics bureau said in Jakarta today.