Indonesian Political, Business & Finance News

Archive: 4 September 2009

3 articles found

Govt. to introduce tax refunds for foreign tourists

The government plans to introduce a "tax refund" scheme for foreign tourists shopping in the country as early as next year under an amendment to an existing law on value-added tax and luxury tax, legislators at the House of Representatives said, The Jakarta Post reported.

National car makers may need $100M investment

Manufacturers of three new national car prototypes might need a combined investment of $100 million to launch assembly plants to mass produce three new vehicles - the Tawon, Gea and Arina, the Industry Ministry forecast, The Jakarta Post reported.

Nestle to invest $100M in E. Java

PT Nestle Indonesia said it plans to increase its investment in dairy cattle farms in Indonesia in 2010, Asia Pulse reported.The company will invest $100 million to expand its dairy cattle farms in cooperation with local farmers in East Java, company president Peter Voght said.