The chairman of the Investment Coordinating Board has said closer ties with the United States and President Barack Obama’s forthcoming visit should help push Indonesia closer to being a trillion-dollar economy within five years, despite that meaning a growth rate of up to 15 percent a year.

The planned revisions to the negative investment list will not be enforced retroactively, according to Finance Minister Sri Mulyani Indrawati.The government is finalizing a revision of the 2007 presidential decree that bans or limits foreign investment in certain sectors.

The 10-member Association of Southeast Asian Nations will accelerate efforts to increase investment and to boost trade in services as it seeks a greater role in driving the global economy.Asean trade ministers set deadlines for completing agreements covering investments and trade in goods and...

The House of Representatives’ Commission VI, which oversees trade and industry, has asked the Business Competition Supervisory Commission to step up efforts to protect domestic businesses from unfair business practices under the Asean-China Free Trade Agreement.