Indonesian Political, Business & Finance News

Archive: 6 July 2009

5 articles found

Indonesia Considering Removing Taxes For Refinery Operations

JAKARTA -(Dow Jones)- Indonesia's finance ministry is considering proposals to remove the value-added tax on imported catalysts for refineries, tax on capital goods imports for refineries and providing loan guarantees to refinery developers, the Ministry of Energy and Mineral Resources said in a...

Indonesia to clean up timber exports

Indonesia will launch a new system of independent certification for all timber exports to combat widespread illegal logging, the forestry minister said Monday.From September all timber leaving the country must be certified by an independent body of business and NGO representatives, Malam Sambat...

Batam Free Trade Zones Will Not Be Reviewed Again

TEMPO Interactive, Jakarta: The government will not review the implementation of the free trade zones (FTZ) in Batam, Bintan, and Karimun again as they are important to increase foreign investment in the area.

New regulation ‘favorable but may spark conflicts’

A new regulation which lays down a one-stop service for the processing of investment licenses is a step forward in making Indonesia more attractive, but it also has some potential to spark conflicts.The Indonesian Chambers of Commerce and Industry (Kadin) said last week the presidential regulation...

Thirsty for Market Share, Dairy Farmers Mull How to Stem Flood of Milk Imports

It is high time for the domestic dairy industry to put an end the domination of imported milk products by improving its productivity, efficiency and quality, a senior official at the National Dairy Council said on Thursday.