The business community has welcomed the law on regional taxes and levies, passed on Tuesday, in which the closed-list provisions will help specify and limit regional taxes and improve the business climate.

The new law on regional taxes and user fees approved by the parliament Tuesday is much better than its predecessor (Law No. 34/2000) because it stipulates more clear-cut provisions on what types of taxes and user fees regional governments are authorized to impose and on the distribution of tax and...

Purbalingga regency in Central Java has been singled out as the most investor-friendly of the 35 regencies and municipalities in the province, an official said Wednesday.Purbalingga administration spokesman Prayitno said the achievement was a great improvement from the regency’s ranking as the...

JAKARTA -(Dow Jones)- Indonesia will abolish thousands of taxes and levies under a new regional taxation law passed this week, President Susilo Bambang Yudhoyono said Wednesday in a speech to lawmakers.

The World Bank ignored its own environmental and social protection standards when it approved nearly $200 million in loan guarantees for palm oil production in Indonesia, a stinging internal audit has found.The report, detailing five years of funding from the International Finance Corp.

SINGAPORE -- (Marketwire) -- 08/19/09 -- Consumer confidence rose during the second quarter in the four Southeast Asian countries repeatedly measured in the Asian Consumer Confidence Index survey by InsightAsia.