Indonesian Political, Business & Finance News

Archive: 12 January 2010

6 articles found

Bureaucracy Slows Indonesia Oil & Gas Development

As the country's resources flag, an ill-considered government move puts a roadblock in the wayIndonesian oil and gas development is expected to stall in 2010, with state revenue from the sector falling US$6.36 billion, down 25 percent on 2009, and direct investment falling to $12.

Navy Complain Over Shipyard Construction in Batam

TEMPO Interactive, Jakarta: The National Armed Forces have filed compliant over a construction of a new shipyard near the Batam Naval Base in Riau Islands, Sumatra, and demanded cease on the project on ground that the new facility was too close to the naval base.

Indonesia, Japan agree to boost cooperation on investment

JAKARTA, Jan. 11 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono on Monday met Japanese Minister of Economy, Trade and Industry Masayuki Naoshima at the State Palace, both agreeing to boost cooperation on investment.

Govt to offer two economic zones to investors soon

Jakarta (ANTARA News) - The government has named two special economic zones as economic development hubs it will offer to investors this year, a chief economic minister said."In 2010, there have been two zones which are ready to be offered soon," Coordinating Minister for Economic Affairs...

Tech Pirates Find Safe Port In Indonesia

Software piracy in Indonesia is an open secret. Copies of everything from Microsoft Windows 7 to the latest games line the shelves of software shops in Ratu Plaza and other malls. All are illegally duplicated, and sell starting at just Rp 25,000 ($2.75) per disc.

Allow Foreigners to Purchase Property by May, Govt Urged

The government should revise rules to allow foreign nationals to buy apartments and houses in Indonesia before an international real estate forum in Bali in May, the head of a real estate association said on Monday.