Indonesian Political, Business & Finance News

Archive: 24 June 2011

3 articles found

China agrees to support Indonesia's economic master plan

From:The Jakarta Post, Jakarta Indonesia and China have agreed on the establishment of a working committee reflecting China's support of Indonesia's 2011-2025 Master Plan for the Acceleration and Expansion of Indonesian Economic Development (MP3EI).

Foreign Investment in Indonesia Lags Regional Rivals: Report

From: The Jakarta Global By Muhamad Al Azhari Foreign direct investment has shown little growth as a percentage of gross domestic product since 2008 and “continues to underperform that in regional peers,” a leading bank says. DBS Bank research noted that latest figures showed FDI totals 2.3 percent of GDP, only moderately higher than the 2 percent rate prior to the worst of the global financial crisis.

Indonesia May Cap Palm Oil Export Tax at 20%: Official

from: The Jakarta Globe Indonesia, the world’s leading palm oil producer, may cap its maximum edible oil export tax at 20 percent instead of 25 percent, an official at the Industry Ministry said on Thursday. The existing crude palm oil export tax system, aimed at securing domestic supply and reducing volatility in prices, allows the government to impose tax rates from 1.5 to 25 percent.