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Thu, 26 Nov 2015
BKPM to Change Negative Investment List Into 'Guideline'
Indonesia’s Investment Coordinating Board, or BKPM, plans to replace its negative investment list with an “investment guideline” by April, in a move to boost capital inflows into the country. "We used to call it negative investment list, but we only completely restrict a small number of...
Wed, 25 Nov 2015
BKPM Will Not Revise Investment Target
The Investment Coordinating Board (BKPM) stated that it will not revise the investment realization target in 2016 to support economic growth. "With investment contribution of 31 percent in achieving economic growth, the 2016 economic growth target of 5.
Wed, 25 Nov 2015
Jokowi: ASEAN Economic Community Is Inevitable
President Joko "Jokowi" Widodo said that Indonesia could not avoid ASEAN Economic Community (AEC). Jokowi said that today's economic competition involves competition between countries instead of individuals or cities. "AEC will take off in a month.
Wed, 25 Nov 2015
Visa concerns for Australians living in Bali provide an unwanted reality check
More than 10,000 Australians are estimated to live in Bali all year, or for a substantial part of it. While many consider themselves to be permanent residents, they in fact have very little legal basis for this claim.
Mon, 23 Nov 2015
Uber to start official company in Indonesia
Smartphone-based ride-hailing application Uber is planning to start a company in Indonesia, in the form of a foreign investment firm, an executive has said. Uber's spokesperson in Indonesia, Karun Arya, said Uber had not yet set up its corporation in Indonesia.
Mon, 23 Nov 2015
Indonesia Emerging as New Battlefield for ICT Companies
Korean mobile companies are making inroads into the Indonesian market one after another. The Korean mobile industry anticipate that Indonesia will rise as a new mobile market since the nation has the world’s fourth largest population and its many islands gave rise to the creation of a mobile...
Fri, 13 Nov 2015
Indonesia-Australia Business Week to Deepen Commercial Ties
The largest-ever delegation of Australian ministers and business leaders will travel to Indonesia from November 17 to 20 for the Indonesia-Australia Business Week (IABW) 2015, the Australian Embassy said on its official website.
Fri, 13 Nov 2015
Largest-Ever Australian Trade Delegation to Visit Indonesia Next Week
More than 300 Australian business leaders and ministers will arrive in Indonesia next week in the wake of Prime Minister Malcolm Turnbull’s visit to Jakarta, as Canberra seeks to explore new business opportunities with its northern neighbor.
Thu, 05 Nov 2015
TPP Trade Deal a Long Way Off for Indonesia
Although Indonesian President Joko Widodo on Oct. 26 told US President Barack Obama that Indonesia plans to join the omnibus Trans-Pacific Partnership that the US has forged with 12 Pacific Rim nations, qualifying for the deal and overcoming domestic political opposition will both be major hurdles.
Thu, 05 Nov 2015
Indonesia seeking investors to build SEZs
Indonesia plans to invite foreign investors to build and operate special economic zones (SEZs) to boost sluggish economic and job growth in South-east Asia's largest economy. The country currently has nine SEZs, including the Batam, Bintan and Karimun (BBK)special economic zone, and wants to build...
Wed, 04 Nov 2015
Reinventing Indonesia – Two Decades of Democratization
The broad sequence of events that led to the fall of President Suharto and the rise of democracy in Indonesia are well known. But few of us know the details of that period like former coordinating minister for economy, finance and industry Ginandjar Kartasasmitra and former Harvard faculty member...
Wed, 04 Nov 2015
Indonesia Government Spending Starts to Dig Economy Out of Ditch
Unemployed for much of 2015, Firman Agung now works for the Indonesian government, racing to dig a drainage ditch through his village before monsoon rains begin. “It beats sitting around at home,” said the 32-year-old as he mixed cement under the shade of a mango tree in Pakuncen, a dusty...
Wed, 04 Nov 2015
Hamid Ansari calls for boosting trade, investment with Indonesia
Pitching for greater cooperation between India and Indonesia, Vice President Hamid Ansari today said while both countries share excellent relations, their bilateral trade and investments have not realised full potential.
Wed, 04 Nov 2015
Indonesia is the Right Place for Investment: VP Jusuf Kalla
Vice President Jusuf Kalla informed visiting Indian Vice President Hamid Ansari and the accompanying business delegation at a business forum on Tuesday that Indonesia is now the right place to invest. "Similar to India, Indonesian businesses are now spreading across the world and is also a good...