Indonesian Political, Business & Finance News

Archive: 29 July 2010

9 articles found

US among top-three investors in Indonesia

[size:14pt]US among top-three investors in Indonesia[/size The US is the third top country to make investments in Indonesia, a top official says. The Investment Coordinating Board head Gita Wirjawan said Wednesday the realization of the US’ investment reached US$330 million with 33 projects in...

The rent-seeking mentality

It is mind-boggling to learn of the complete ignorance on the part of the Home Ministry regarding the thousands of regional bylaws on taxes and user charges/retributions throughout the country that are greatly inimical to investments and regional trade.

BKPM Reports Sharp Rise in Indonesian Investment

Indonesia. Indonesia experienced a surge in foreign direct investment in the first half of the year, creating expectations that the total for the year may exceed earlier forecasts, the Investment Coordinating Board announced on Wednesday.

Central Jakarta Office Space Losing Appeal, Procon Says

Jakarta. More businesses will be relocating to South Jakarta and West Jakarta over the next several years, with the central business district seeing a decline in its share of the market due to high rents and traffic congestion, property analysts said.

Rattan Businessmen Targets Chinese Market

TEMPO Interactive, Jakarta:The Indonesian Furniture Association chairman Ambar Tjahjono is calling on rattan businessmen to start marketing their products in the China market. China’s strong domestic market, according to him, has great prospects. “China only earns US$ 35 billion from exports.

Turkish Companies on Indonesia Visit

TEMPO Interactive, Jakarta: Representattives from six Turkish corporations in negotiation for cooperation and investments in Indonesia with seven indonesian firms has visited Jakarta today for further talks a month the first signings of Memorandum of Understanding during President Susilo Bambang...

Over 50 Percent of Investment Target this Year Achieved

TEMPO Interactive, Jakarta:New investments during the first semester of this year reached Rp 92.9 trillion. According to the chairman of the Investment Coordinating Board (BKPM), Gita Wirjawan, 58.1 percent of this year’s Rp 160 trillion investment target had been fulfilled.

BKPM hints investment to hit rp180 trillion

Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) has hinted the realization of investment may hit a record of Rp180 trillion this year if the government is able to improve infrastructure facilities and ensure energy supplies. "Let`s wait and see.

Online Businesses to be Subject to Pay Income Tax in Installments

The Directorate General of Tax has stated that online businesses will be subject to pay a monthly installment of their annual Income Taxes as set out in the Director General of Tax Regulation No. PER-32/PJ/2010 on the Implementation of the Imposition of Article 25 Income Tax for Certain Businesses...