Govt to shake up Pertamina President The Jakarta Post, Jakarta Recognizing the urgent need to boost domestic crude production, President Susilo Bambang Yudhoyono has pledged to overhaul state oil and gas firm PT Pertamina. Speaking in Yangon on Thursday during a five-day regional visit, Yudhoyono said, as quoted by Agence France-Presse, that Pertamina had made a start on the road to restructuring and reform, but had since lost momentum. "We will overhaul it," said Susilo.

More reform needed to open up property sector Anissa S. Febrina, The Jakarta Post, Jakarta Opening up the property sector to non-Indonesian nationals will apparently require a thorough overhaul of the relevant legislation and regulations, including those on residency, taxation and investment.

Improve competitiveness or risk missing the boat: President Tony Hotland, The Jakarta Post, Phnom Penh Amid an increasing trend toward the relocation of labor-intensive industries, Indonesia must strive to consistently improve its competitiveness so as not to lose out to fast-growing neighbors, such as Vietnam and Cambodia, President Susilo Bambang Yudhoyono has said.

Govt unveils measures to revive investment The Jakarta Post, Jakarta The government, determined to create a friendly investment climate to compete with neighboring countries, released Thursday a policy package, which includes a ruling to reduce business licensing from 150 days to 30 days.

Mar 03 00:28 Govt can expel british national for violating regulations Jakarta (ANTARA News) - Minister of Marine and Fishery Affairs Freddy Numberi said the government has the authority to expel Ernest Lewandowski, a British national living in Bidadari islet, East Nusa Tenggara province, for violation of investment regulations in the area. Freddy said his office was not preventing foreigners to invest their capital in economic development of Indonesian territory including its small islands.