Indonesian Political, Business & Finance News

Archive: 29 January 2010

6 articles found

FACTBOX-Policy making and the political system in Indonesia

Jan 28 (Reuters) - Institutional reforms by Indonesian President Susilo Bambang Yudhoyono in his second term are seen as critical to spurring investment in Southeast Asia's largest economy. Here are some facts about the political system and policy making in Indonesia:PARLIAMENT AND PRESIDENTThe...

Officials Name The 100 Worst Tax-Dodgers

Indonesia’s 100 worst tax-dodgers, including a slew of state-owned enterprises and some well-known private and listed companies, owe the state nearly $1.9 billion in back taxes, the Finance Ministry revealed on Thursday.“As of December 2009, the 100 top tax-dodgers [owed] Rp 17.

Government Seeks to Develop Value-Added Sectors

The government is drafting incentives meant to develop value-added industries that process agricultural products, Industry Minister MS Hidayat said on Thursday.“I have already informed the Ministry of Finance, and they have agreed to fiscal incentives for companies processing raw...

Indonesia’s Electricity Woes Will Be History By Year’s End, SBY Promises

President Susilo Bambang Yudhoyono has promised that Indonesia’s power crisis will end this year. Yudhoyono said on Thursday that he had released a presidential decree and supporting regulations to ensure his promise will be kept.

Indonesia May Be Ready To Join BRICs, Fund Says

Indonesia looks increasingly like a worthy member of the economically enviable “BRIC” group of nations, following this week’s upgrade of its sovereign debt and a nod of recognition from influential global asset manager Templeton Asset ManagementAfter boasting Asia’s second-best performing...

Govt hopes for big expansion of small private power plants

It is hoped that private companies backed by private investors may be able to start to build up to150 new power plants to provide up to 1,000 megawatts (MW) of electricity nationwide, to help cope with the frequent blackouts in the country.