Indonesian Political, Business & Finance News

Archive: 25 June 2009

4 articles found

Overseas Investors Eying Local Health Care Market

Foreign investors are beginning to turn their eyes from the country’s mining and energy industries to health care despite heavy regulation of the sector, according to Standard Chartered Bank.Bala Swaminathan, the bank’s South East and East Asia wholesale banking head, said on Tuesday that...

Intel Keen on Increasing Local Presence

Plummeting demand for computers and slumping industry profits aside, the world’s biggest chipmaker, Intel, says it is committed to expanding its presence in Indonesia.Founded in 1968 and based in Santa Clara, California, Intel saw its first-quarter net profit tumble to $647 million from $1.

Tax Service Announces $145m Tech Overhaul

The Finance Ministry’s Directorate General of Taxation plans to launch a worldwide tender between September and early 2010 for a $145 million project to revamp its computerized information system, in line with concerted efforts in recent years to expand the country’s extremely low taxpayer...

Riau moves to start RI downstream CPO industry

The Riau government, already good at attracting investment, is moving aggressively to set up the nation's first downstream industrial cluster for the palm oil industry, to start to catch up with Malaysia.