Indonesian Political, Business & Finance News

Archive: 9 July 2010

3 articles found

Indonesia to import 800,000 tons of corn in 2010

JAKARTA, July 9 (Xinhua) -- Indonesia will import 800,000 tons of corn in 2010 to fulfill domestic needs as the country is predicted unsuccessful in meeting its production target, Kompas daily quoted an official as saying on Friday. According to Sudirman, chairman of Indonesia's Livestock Food Producers Association on Thursday, the additional import is needed as domestic corn supply could not fulfill needs of livestock food industry.

Indonesia says labour law review may take two years

JAKARTA July 8 (Reuters) - A review of Indonesia's strict labour laws could be completed in one or two years, an official from the manpower ministry said on Thursday, longer than hoped for by investors looking for flexibility in hiring. Indonesia is attracting strong interest from market investors but analysts say laws that enforce high severance pay and make it hard to fire staff are obstacles for manufacturers and other foreign direct investors.

Swiss-E Java cooperation promotes access to investment

Surabaya, E Java (ANTARA News) - The Swiss Confederation Republic administration has established cooperation with the East Java provincial administration after developing various potentials of businesses by way of investment access facilities.