TEMPO Interactive, Jakarta: Indonesian and US government will sign about six economic cooperation agreements during the visit of President Barack Obama late nexth month, official said on Tuesday (23/2). Coordinating Minister for the Economy Hatta Radjasa said some of the fields of cooperation were education, industry, forestry, energy, and agriculture. “The United States is preparing a huge fund for investment,” Hatta said, but he said he forgot to ask how huge the investments will be.

EXCERPTS:JAKARTA - Following Brazil's trail, Indonesia is encouraging foreign and local investors to lease huge swathes of fertile countryside and help make the country a major food producer. "Feed Indonesia, then feed the world," was the recent call from President Susilo Bambang Yudhoyono after the government announced plans to fast-track development of vast agricultural estates in remote areas like Papua and Borneo.

Of DOW JONES NEWSWIRES JAKARTA (Dow Jones)--An Indonesian court Wednesday overturned a regulatory body finding that the local unit of Carrefour S.A. (CRERY) violated anti-monopoly laws, and reversed the commission's ruling that the retail giant must sell its majority stake in a local retailer.

One question that constantly confronts Indonesia’s Investment Coordinating Board (BKPM) is whether or how to use fiscal incentives to encourage investment. While a broad array of options are at BKPM’s disposal, such as accelerated depreciation, matching grants and payments in kind, the most contentious have invariably been the provision of tax holidays.

TEMPO Interactive, Jakarta:The Tax Directorate General has prepared 15 international tax intelligence agents who will be placed in several tax haven countries. Tax Director General Mochamad Tjiptardjo said that a tax officer’s job is like an egg farmer’s. His job is to take the eggs, not the chicken. But according to him, all this time there are a lot of chickens that have been injected and being given vitamins but they don’t always produce eggs.

Jakarta (ANTARA News) - An Australian observer of Indonesian economic affairs, Hal Hill, said foreign investors were confused by the fact that the Bank Century case had become an issue being handled by Indonesia`s House of Representatives (DPR). "I think the government`s decision on the Bank Century problem was correct. Therefore, foreign investors are quite confused.

Semarang, C Java, (ANTARA News) - A business leader said here on Monday that the impact of the China-Asean Free Trade Agreement could be dealt with by the enforcement of Indonesian National Standards (SNI) requirements. "The government must cooperate with the business community and universities in connection with the SNI`s imposition which must immediately be carried out," the chief of the Association of Indonesian Businessmen (Apindo), Sofyan Wanandi said.