Indonesian Political, Business & Finance News

Archive: 15 June 2009

6 articles found

Free trade zone in shackles

Trade Minister Mari Elka Pangestu admitted last week that the implementation of free trade zones on the three Indonesian islands near Singapore - Batam, Bintan and Karimun - is beset with administrative problems and that institutional capacity is inadequate.

Sweeping Raids Ahead for Bali's Illegal Villas?

I think sweeping raids are a great plan. Some of those villas could do with smartening up. To whom do I post a broom?

Sweeping Raids Ahead for Bali's Illegal Villas?

I guess you could say its a villa that is being rented out on a short terms basis (say under 1 year) and tax not being paid on the income.I know it will be hard but I have come across a lot of privately owned villas that are rented out to tourists.

Best Western Hotel Sapta Patala Closed Before it Opens

110-Room Kuta Hotel Ruled an Illegal Structure in Area Reserved for Single Family Residences.(6/13/2009) NusaBali and Bali Post both report that the 110-room Best Western Hotel Sapta Patala on Jalan Kubu Anyar in Kuta now faces a possibly insurmountable obstacle to its eventual opening.

Sweeping Raids Ahead for Bali's Illegal Villas?

Bali Villa Association Urges Government to Close Down Unregistered Commercial Villas.(6/13/2009) The Chief of the Bali Villa Association (BVA), Ismoyo S. Soemarlan, is calling on the government to undertake sweeping raids against illegal commercial villas in Bali and close all illegal villas down.

Indonesia plans to assess Newmont unit's value

Indonesia plans to appoint an independent appraiser to assess the value of the local unit of Newmont Mining Corp (NEM.N: Quote) in order to speed up a divestiture sale, the energy and mining minister said on Friday.