Indonesian Political, Business & Finance News

Archive: 16 September 2009

10 articles found

Batam Could Become Special Economic Zone

Mount handling in small batches? Piss is your man.

House delegates authority on SEZs

The House of Representatives endorsed the special economic zone (SEZ) bill on Tuesday, delegating legal powers to a new government body for the promotion of these more liberal trade and development regions. The law basically allows the new National Council on SEZs to make feasibility assessments to request the establishment of SEZs proposed by regional governments, prior to presidential approval.

Foreign tourists can apply for tax refund

Foreign tourists visiting Indonesia can apply for a tax refund when buying goods here next year, according to the newly endorsed law on value added tax and luxury tax. Under the law that is set to be effective starting on Apr. 1, 2010, foreign tourists can apply for a refund if the goods purchased have a minimum value added tax of Rp 500,000 (US$50).

House Proposes Luxurious Goods Tax on High Powered Vehicles

TEMPO Interactive, Jakarta: The House of Representatives has proposed to classify high-powered vehicle, yacht, and luxurious house into list of items to become subjects to luxurious goods tax, a lawmaker leading the legislation informed on Wednesday. Head of the special committee on value added and luxurious goods bill, Vera Febyanthy said vehicles with engine capacity above 3000 cc will be categorized as luxurious goods, but the bill excempts high powered vehicles for special use e.g.

Batam Could Become Special Economic Zone

What I am looking for is a small company capable of surface mount handling and small batches. There would also be assembly work to put it all together. I am not bothered if they use an overseas company to do the boards and then assembly locally. As long as the assembly is done in Indonesia there is not an issue with it. Cheers for offer of finding out.

Batam Could Become Special Economic Zone

don't know, but i could find out. electronics companies in batam are on the decline; many big companies, like panasonic, have pulled out. seems oil and gas and shipbuilding are the main industries now.

Moody's upgrades Indonesia sovereign ratings

HONG KONG (MarketWatch) -- Moody's ratings agency Wednesday upgraded Indonesia's foreign- and local-currency sovereign debt ratings to Ba2 from Ba3, citing the Asian country's resilience to the global recession and its "healthy medium-term growth prospects." The ratings agency said the recently-concluded elections in the country will return power to "the pro-reform incumbent president," Susilo Bambang Yudhoyono, and "will broadly ensure policy continuity and possibly lead to a deepening of...

Batam Could Become Special Economic Zone

Kuku, do you know how I can find out if there are any PCB fabrication and population companies in Batam? Is there a company register somewhere? Doing a Google search throws up very little and you end up getting links to Chinese companies instead. Cheers.

Batam Could Become Special Economic Zone

Wednesday, 16 September, 2009 | 13:41 WIB TEMPO Interactive, Jakarta: The government has guaranteed that free trade areas will remain although the draft bill about special economic zones is not ratified yet. “There is the opportunity for these areas to become special economic zone in line with this bill,” said Trade Minister, Mari Elka Pangestu when representing the government at a meeting with the House of Representatives (DPR) yesterday (15/9).

Greenpeace stops Indonesian palm kernel shipment

Activists from the international environmental organization Greenpeace boarded a ship carrying palm kernel animal feed from Indonesia on Wednesday off the New Zealand coast and called on the government to ban the cargo. They locked themselves to the ship, East Ambition, its anchor chain and four cargo cranes, and vowed to prevent the cargo from being unloaded at Tauranga, its destination port on the east coast of the North Island.