Quoting: biznews “It’s also not clear what happens if the foreign owner dies - inheritance is not clear in these circumstances.” I'm sure its pretty clear in reality. "Clear out your filthy bule rubbish and sling yer hook." Actually, what was that case two or three years back of some elderly bule wife of an Indonesian ex military type who was slung out of her house when he croaked? Different issue of course but it gives you some insight into what'll happen when your lease runs out.

Didn't even see it coming....

yep, right outta left field, that was.

My goodness, wot a shokka...

VIVAnews - Singapore-based East Ventures acquired some shares of Urbanesia.com, a lifestyle city directory based in web 2.0. Despite the acquisition, two founders of Urbanesia.com, Selina Limman and Natali Ardianto, will still play a role in the company's operations. Batara Eto, a partner in East Ventures, will be an advisor at Urbanesia.com.

VIVAnews - The Directorate General of Taxes will be seriously paying attention to oil palm companies, gold, sand and lead mining firms. The company's reports in the sector will be audited by the Directorate General of Taxes due to negative tax collection from the sectors. "The examination toward the sectors will be seriously focused on in 2010," said Director General of Taxes, Mochammad Tjiptardjo, in Jakarta, yesterday, June 3.

TEMPO Interactive, Jakarta: HSBC operation in Indonesia cooperating with US payment technology firm Visa launched a new product on Thursday (3/6) targeting corporate customers especially small and medium scale businesses, claimed to be the first kind of service in Indonesia. The two companies' early target for the Business Debit Card are 1,000 corporations with “Ninety percent of the clients are from small and medium business”, Ellyana Fuad, HSBC Country Manager said.

JAKARTA - Hopes for a change in Indonesia’s restrictive rules on foreign ownership of property were dashed when a major conference of real estate agents on Bali ended last week without an expected government announcement. “We all thought they were ready to go for it,” said Bagus Adikusumo, director of Colliers International Indonesia. “But then it didn’t happen.” Only Indonesian citizens are allowed to hold freehold titles in this archipelago republic.

Indonesia is the world’s largest exporter of power-station coal during a global energy and commodities boom, but none of the world’s major global mining companies operate in the country, largely as a legacy of nationalistic resources policies. Will this change? Maybe, maybe not. Indonesia brought out a long-awaited Mining Law last year and two further regulations this year to allow firms to start obtaining mining permits and speed up issuance for existing investors.