[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 second quarter of this year. “With the global crisis, we did not have high hopes [in US investors].

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. As of last year, the Finance Ministry recommended the Home Ministry revoke more than 4,885 regional bylaws because they contravene the national laws, but only around 1,835 of the total were annulled.

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. Investors from Singapore, Hong Kong and the United States topped the list, with most of the capital coming from expansion of existing operations, according to Gita Wirjawan, chairman of the board, also known as the BKPM.

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. Property consultant PT Procon Indah released a report on Wednesday saying that the central business district, which now has 65 percent of the leased office space in Greater Jakarta, will see its share decline to 53 percent by the end of 2012.

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. Meanwhile, it earns US$ 50 billion from its domestic trade,” Ambar said yesterday. At present, the majority of Indonesian businessmen still orient their marketing towards the European market.

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 Yudhoyono's visit to Istanbul last month.

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. “I am optimistic that the target can be achieved,” Gita told reporters at his office today. However, he cautioned that to achieve the target, there must be infrastructure development.

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. We hope the realization of investment can hit the record," BKPM Chief Gita Wirjawan said here on Wednesday. The government has set itself the target of attracting Rp160 trillion worth of investment this year.

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 Individual Tax Payer, which has been in force since it was signed by the Director General of Tax, M. Tjiptardjo, on 12 July 2010.