Hmm, how would it work if foreigners could own property but just for 90 years? Surely that's not ownership, but rental? With whom would the actual title lie - the person who sold it to them? Could the foreigner sell the land to an Indonesian who would then own the land without the time limit?

Tampak Siring (ANTARA News) - President Susilo Bambang Yudhoyono said the current decentralization system of the government is correct so that the development activities of central government and regional administrations had been running well.

ors in food-crop production will be required to get local-government permission before developing farms or estates, Agriculture Ministry spokesman Suprahtomo said on Wednesday, adding that the move aims to prevent land disputes. “This will apply to all investors - including for food estate projects such as in Papua,” Suprahtomo said. He was referring to the 1.2-million-hectare Merauke estate, which will be planted rice and sugar cane. 

In a bid to promote Indonesia as an investment destination, 10 state-owned companies will go on a non-deal road show next week in Hong Kong and Singapore. The road show will include the eight biggest publicly listed state-owned companies as well as two companies that have initial public offerings in the pipeline - national flag carrier PT Garuda Indonesia and steel maker PT Krakatau Steel.

Vehicle sales surged during the first quarter of 2010, rising 73 percent from the same quarter last year, as the economic recovery gained momentum and consumers and businesses found themselves with more money and improved confidence in the future. Sales of commercial trucks rose 87 percent, indicating that investment and activity in the commodity and infrastructure sectors were gaining momentum.

MICROLINK Solutions Bhd (MSB) is hopeful of securing its first client to offer software solutions for Islamic banking services in Indonesia this year, its top official said. Chief executive officer Peter Yong Kar Seng said the company sees tremendous potential in the republic after setting up office there in mid-2008. "We are hopeful that this year we can secure something," he told Business Times in an interview.