Indonesian Political, Business & Finance News

Archive: 16 June 2010

7 articles found

VP: bureaucratic reform not just rhetoric

Quoting: biznewsJakarta (ANTARA News) - Vice President Boediono has said bureaucratic reform was not just a rhetoric or discourse but was a serious thing that had to be done. Pak Wakil Presiden Republik Indonesia: it *is* just rhetoric until you *do* something about it.

VP: bureaucratic reform not just rhetoric

Jakarta (ANTARA News) - Vice President Boediono has said bureaucratic reform was not just a rhetoric or discourse but was a serious thing that had to be done."The bureaucratic reform made by the government is not just a discourse or empty words," Vice President Boediono said in his...

More products to be exempt from luxury tax

To further support the country’s electronics and information and communication technology (ICT) industry, the government plans to exempt more electronic products from the luxury tax as well as to restrict imports, Industry Minister M.S. Hidayat said Tuesday.

Opening the Door to Foreigners

like most information on PMAs on the web, it's at best only half true.Quote:The foreign investment may comprise both debt and equity, but the BKPM (Badan Koordinasi Penanaman Modal under the Ministry of Investment in Jakarta) has a rule of thumb that the ratio of debt to equity should be no more...

Opening the Door to Foreigners

Ok, I found this PMA thingy, and I'm still confused with this dumb-dumb regulation. as you said earlier ku, you only can lease the property for about 25 yrs and then renew it? Using a PMA Company Although most foreigners have found the above arrangement to work satisfactory without any problems (as...

Opening the Door to Foreigners

Indonesia is one of the few countries that successfully escaped the pitfalls caused by the recent global financial crisis. As such, the country is increasingly gaining spotlight in the international stage as one of the new rising stars in Asia.

Tax Holiday Considered For Investors, but Bags Not Ready to Be Packed

The government is considering granting a “tax holiday” to some foreign and local investors, amounting to a temporary suspension of tax on certain forms of direct investment in a bid to reach the ambitious goal of attracting Rp 2,000 trillion ($218 billion) in investment per year over the next...