NEWS UPDATE

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  • FDI Grows on Investors Hopes for New Government

    Jakarta,  18 October 2014

     

    Indonesia maintained strong foreign direct investment (FDI) growth in the third quarter of this year as investors remained upbeat about the country's long-term outlook following president-elect Joko "Jokowi" Widodo's announcement of programs to promote growth and reform in Southeast Asia's largest economy.

     

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  • Firm Policies will Bring in More Investors: BKPM

    Jakarta, 10 October 2014

     

    The incoming administration needs to immediately address several short term goals in its efforts to bring in more investors and improve its competitiveness in Southeast Asia, according to the Investment Coordinating Board (BKPM).

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  • Plenty to do to attract high potential Korean investment

    Jakarta, 6 October 2014

     

    As foreign investment from South Korea to Indonesia has risen in the past few years, bilateral economic relations between the two countries have reached new heights. However, a comprehensive economic partnership agreement (CEPA), which is expected to strengthen ties, will not be signed anytime soon due to a recent deadlock in negotiations.

     

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  • China's One-Two Punch Threatens to Hit Economic Growth

    The Wall Street Journal, 29 September 2014

     

    The strength of China's long-term economic growth depends on whether it can accomplish two feats at the same time: purging corrupt officials while taking sweeping steps to restructure the economy.

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  • Unilever Sees Cost of New Palm Oil Plant Rise to $167m

    Jakarta, 19 September 2014

     

     

    Unilever Indonesia, local arm of consumer goods giant Unilever, expects the total cost of its palm oil processing plant in North Sumatra to rise by about a quarter to Rp 2 trillion ($167 million), citing the rupiah's weakness against the dollar.

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  • Investors Advised to Seek Opportunities in Eastern Regions

    Jakarta, 12 September 2014

     

    In a bid to help boost development in eastern Indonesia, business groups in the country need to take an active role in encouraging investors to move to eastern parts of the country

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  • RI sees $2.7 billion investment in downstream palm oil industry

    The Jakarta Post, 11 September 2014

     

    The government said Indonesia, the world's largest palm oil producer, had seen investment of US$2.7 billion in the country's downstream palm oil industry between 2012 and 2014.

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  • OBG Economic Update: Manufacturing Growth Spread across Indonesia’s regions

    Indonesia | 20 Aug 2014

    Growth in Indonesia’s manufacturing sector continues to outstrip the rest of the economy, with gains in most industries well above those of the national average. Some regions away from Java posted even higher rates of expansion, though there are lingering concerns some of this growth is underpinned by a reliance on commodities imports – one that fuels the current account deficit.

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  • "Mavrodi Mondial Moneybox" Business Operation

    BKPM did not issue licences regarding "Mavrodi Mondial Money Box" business 

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  • Indonesia still best bet in emerging world, Moody's says

    The Jakarta Post, 13 August 2014

     

    After experiencing a slowdown in its economic growth recently, Indonesia's gross domestic product (GDP) growth will likely pick up next year despite reports of economic stagnation in many developing nations, a ratings agency has said.

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  • RI, Oz prepare programs under cattle partnership

    The Jakarta Post, 8 August 2014

     

    Indonesia and Australia are slated to soon kick off a bilateral partnership designed to build the capacity of cattle breeders and develop the Indonesian cattle industry in order to achieve better food security.

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  • RI's 'Hard Stance' Wins in Mineral Ore Export Ban Policy

    The Jakarta Post, 4 August 2014

     

    A number of analysts have deemed the Indonesian government the biggest winner in the implementation of its mineral ore export ban, albeit the short term economic pressures that the country is enduring. More than six months since the ban's implementation on Jan. 12, the government stands by its decision on the ban in an attempt to develop the downstream industry, although granting some compromises to some US mining giants.

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  • Govt preparing moves to challenge Newmont

    The Jakarta Post, 22 July 2014

     

    The Indonesian government has prepared moves and a firm challenge to push PT Newmont Nusa Tenggara to withdraw its international litigation against the country's policy that bans mineral ore exports.

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  • Smelter Projects Progressing Despite Hurdles

    The Jakarta Post, 21 July 2014

    Six months after the implementation of a ban on mineral ore exports, the development of a number of smelters are progressing, although challenges have halted the acceleration of the work. Sixty four smelters are under development by independent or joint mining license holders, according to data from the directorate general of mineral and coal at the Energy and Mineral Resources Ministry. The ministry estimated the 64 ongoing smelter projects would require US$17.4 billion in investment.

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  • Tax Breaks to Keep Funds in RI

    The Jakarta Post, 7 July 2014

     

    The government has revealed the details of its plan to introduce tax incentives for foreign companies that do not repatriate their earnings overseas, a policy aimed at shielding Indonesia from seasonal capital outflows that exert pressure on the current account. Offshore-based companies that did not repatriate their dividends overseas would receive "various tax incentives" if they moved instead to re-invest their earnings to expand their businesses here, Finance Minister Chatib Basri said on Sunday.

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  • RI Needs to Focus More on Quality Investment

    The Jakarta Post, 1 July 2014

     

    Developing countries, including Indonesia, need to find a way to direct their investments — both public and private — to support Sustainable Development Goals (SDGs) or they will suffer an estimated US$2.5 trillion funding gap for SDGs in the future, a recent study by the United Nations Conference on Trade and Development (UNCTAD) has shown.

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  • Investment Sweetens Cocoa Industry, Builds Hub for Asia

    The Jakarta Post, 30 June 2014

     

    Indonesia, the world's third largest cocoa producer, has seen its cocoa processing industry expand rapidly in the past few years thanks to millions of dollars in new investment by international cocoa manufacturing companies. The investment is helping to shift the country from being a major exporter of cocoa beans to becoming a supplier of cocoa intermediary products, such as butter, cake, liquor and powder. This will help Indonesia become a new processing hub in Asia.

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  • Indonesia Set for FDI Shift

    OBG Indonesia | 23 June 2014

     

    A shift of emphasis is under way in the regime governing Indonesia’s foreign direct investment (FDI), as the country moves to boost capital inflows in some areas of the economy through regulatory changes, while closing other sectors to international players.

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  • New Mining Regulation Ready

    The Jakarta Globe, 21 June 2014

    Indonesia's Ministry of Energy and Mineral Resources had finished writing up new regulations that would ease the rate of mineral export duty for miners that have committed to the government's value-added program, a senior ministry official said on Friday. R. Sukhyar, the Director General for Coal and Mineral Resources at the ministry, said mining companies currently in the process of building smelters will see a reduction in export duties charged to them. "The rate will be subject to smelter progress," Sukhyar said.

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  • Japan's Kao Opens Second Plant for Local and ASEAN Markets

    The Jakarta Post, 20 June 2014

     

    Consumer goods producer PT Kao Indonesia, a joint venture company of the Kao Corporation and PT Rodamas, officially opened on Thursday its new plant at the Karawang International Industrial City (KIIC) in Karawang regency, West Java. The company spent about US$128 million on the construction of the new plant, which will produce laundry detergent under its "Attack" brand and baby diapers under its "Merries" brand, according to a statement. The company has imported Merries baby diapers since 2012 and with the development of the Karawang factory, the company will now start to produce the diapers locally.

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  • Investment to Hit $38b on Calm Election

    The Jakarta Globe, 14 June 2014

     

    BKPM Chairman, "Even with the revision in the country's target growth to 5.5 percent, we stand by our investment target because we believe that there's still room for growth," 

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  • Italy Eyes More Market 
and Investment Opportunities 
in Indonesia

    The Jakarta Post, 12 June 2014

     

    Italy has been aggressively seeking more investment and market opportunities in Indonesia, especially since 2012, as it is facing a weaker market demand in Europe due to its economic contraction and at the same time is lured by Indonesia’s middle-class and top-end consumers who have been growing in purchasing power and number.

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  • Italy Eyes More Market 
and Investment Opportunities 
in Indonesia

    The Jakarta Post, 12 June 2014

    Italy has been aggressively seeking more investment and market opportunities in Indonesia, especially since 2012, as it is facing a weaker market demand in Europe due to its economic contraction and at the same time is lured by Indonesia’s middle-class and top-end consumers who have been growing in purchasing power and number.

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  • Investment Opportunities: "Government Auctions 9 New Geothermal Work Areas"

    The Jakarta Post, 5 June 2014

     

    The Energy and Mineral Resources Ministry is offering nine new work areas to public bidders for geothermal projects nationwide in a bid to generate more electricity from renewable resources. Of the total 1,030 potential megawatts (MW) announced on Wednesday, the ministry estimates that the total geothermal capacity to be developed will amount to 550 MW with total investment of around US$2.1 billion. Indonesia, which lies in the ring of fire, is estimated to have abundant geothermal resources of around 29 gigawatts (GW).

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  • Chinese Tourists Overtake Australian Arrivals

    The Jakarta Post, 3 June 2014

    The number of Chinese tourists — the world’s biggest tourism spenders — visiting the archipelago this year exceeded Australians, who over the years have been ranked third after Singaporeans and Malaysians.


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  • Indonesia growth requires less reliance on resources: Investment board chief

    NIKKEI, 22 May 2014
     

    TOKYO -- Mahendra Siregar, chairman of the Indonesia Investment Coordinating Board, said his country's economy is "very much open" for international investment but warned that this must be done with sustainable development as the priority.

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  • Japanese battery maker invests $20m

    The Jakarta Post, 21 May 2014

     

    Japan-based battery manufacturer Furukawa Battery Co. Ltd. has earmarked US$20 million in an initial investment as part, of its expansion plans in Indonesia amid robust growth in the automotive market

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  • RI economic growth to start picking up next year: IMF

    The Jakarta Post, 13 May 2014

     

    Indonesia's sluggish economic growth is expected to pick up next year, but it will take structural reforms to get growth back to the 6 percent plus level, the International Monetary Fund (IMF) has said. The country's gross, domestic product (GDP) was expected to grow by 5.8 percent next year as net exports recovered and domestic consumer spending as well as investment remained robust, said Roberto Guimaraes, Deputy Division Chief of the IMF Asia and Pacific Department.

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  • UPDATED: Amendment of Investment Negative List (DNI)

    Presidential Decree (Perpres) No. 39 in 2014 on List of Business Fields Closed and Business Fields Open with Conditions to Investment

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  • Domestic and Foreign Direct Investment Realization Quarter I 2014

    Jakarta, 24 April 2014 – The Investment Coordinating Board of the Republic of Indonesia (BKPM) today announces the first Quarter/Q1 (January - March) 2014 of investment realization figures for both domestic (PMDN) and foreign direct investment (PMA) based on the Investment Activity Report (LKPM) received by BKPM.  

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  • Revised Investment List To Be Issued Within This Week

    The Jakarta Globe, 25 April 2014

    Mahendra Siregar, the chairman of the investment coordinating board, or BKPM, said on Thursday that the revised list of sectors and industries off limits to foreign investors would be issued this week.

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  • Domestic and Foreign Direct Investment Realization Quarter I 2014

    Jakarta, 24 April 2014 - Break the Highest Record of Investment Realization and Nearly Reach The Annual Target 

     
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  • Govt Drafts Policies to Boost Capital Goods Industry

    The Jakarta Post, 4 April 2014

     

    The government is drafting a series of policies to help develop local industries that produce capital goods, to significantly lower imports. Under one of the policies, the government will soon require state institutions to intensify the use of locally made capital goods, especially when they procure goods and services funded by the state budget or state enterprises, Industry Ministry secretary general Anshari Bukhari said on Thursday.

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  • Korea-Indonesia Cooperation Moves Beyond Resources

     The Korea Herald, 23 March 2014

     

    Amid all the clatter over 'resource nationalism,' Seoul quietly notches up ties with Southeast Asia's largest economy. The term "resource nationalism" was splashed across headlines around the world to describe Indonesia in recent weeks, the stories inclu ding dire predictions that the Southeast Asian country could scare off vital foreign direct investment.

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  • WARNING OF INVESTMENT FRAUD

    Companies without valid Business Licences (SIUPL) from BKPM

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  • BKPM Online: Masterlist & Izin Prinsip (IP) Application

    27 March 2014 - Online application through online-spipise.bkpm.go.id.

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  • RI may become SE Asia's top car market in two years

    The Jakarta Post, 27 March 2014

     

    Indonesia's auto market will probably overtake Thailand as Southeast Asia's biggest in one to two years, the CEO of its biggest auto distributor, PT Astra International (ASII), said.

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  • Fresh Optimism Over Economy

    The Jakarta Globe, March 25 2014

    Indonesia's business sector continues to show optimism as regulatory reform and a strengthening rupiah are expected over the next five years. 

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  • ANNOUNCEMENT FOR COMPANIES

    Request to Submit Investment Activity Reports (LKPM) First Quarter 2014

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  • Samtan set for $800m energy, resource projects

    The Jakarta Post, 20 March 2014

    Raras Chayafitri

     

    South Korean resource and energy company Samtan Co. Ltd. is planning to pour in around US$800 million to tap opportunities available in Indonesia's palm oil, mining and power plant businesses.

     

     

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  • RI calls for non traditional South Korean investments

    The Jakarta Globe, 19 March 2014

     

    The Investment Coordinating Board (BKPM) is expecting to see more South Korean investors pouring money into sectors where their community is a minority or totally unrepresented.

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  • WARNING OF INVESTMENT FRAUD

    List of Companies who receive Letter of Notice from BKPM

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  • Close Incentives promised for Sunda Strait Bridge investors


    The Jakarta Post, 13 March 2014

     

    The government says it will offer certain incentives for investors willing to take part in the construction of the Sunda Strait Bridge, which will connect Indonesia's largest islands of Java and Sumatra.

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  • Indonesia Seeking South Korean Investment as Economic Partnership Talks Continue

    The Jakarta Globe, 10 March 2014  I

    The Indonesian government has high hopes that ongoing discussions on a comprehensive economic partnership agreement with South Korea will encourage investment through special arrangements, according to government officials.

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  • Government flexes muscles to reduce trade

    The Jakarta Post, 10 March 2014

     

    JAKARTA - Slim US trade in January has caused fresh concerns about the likelihood of a significant pickup, which will be necessary to sustain Indonesia's growth despite the government's optimism.

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  • RI Investor Confidence 3rd Highest: Survey

    The Jakarta Post, 7 March 2014  I

     

    The level of confidence of Indonesian investors is the third-highest in the world, behind only India and Thailand, thanks to a positive economic outlook and a belief that investments will outperform savings. These are among the highlights of the survey, the Schroders Global Investment Trends Report 2014, which involved 15,749 investors from 23 countries, including over 200 respondents from Indonesia.

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  • Ministry To Get On Geothermal Investors

    The Jakarta Post, 5 March 2014  I

    Investors winning government tenders to build geothermal power plants will be required to provide surety bonds as guarantees that they carry out the projects according to agreed plans, an Energy and Mineral Resources Ministry official said.

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  • RI More Than Just A Market For Free Trade: Minister Lutfi

    The Jakarta Post, 03 March 2014

    Getting all stakeholders ready for the 2015 ASEAN Economic Community (AEC) is top of Muhammad Lutfi's priorities in his seven-month stint as trade minister before the current administration ends. Lutfi rejects concerns that the pact will turn Indonesia into simply a market for foreign businesses. On the sidelines of the 20th ASEAN Economic Ministers Retreat in Singapore last week, Luthfi discussed the issue with The Jakarta Post's Bagus BT Saragih. Here are excerpts from the interview:

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  • Govt Tips Three Areas For New Economic Zones

    The Jakarta Post , 19 February 2014

    I   As part of a measure to redistribute economic activities across the archipelago, the government will propose turning Tanjung Api-Api in South Sumatra, Morotai in North Maluku and Mandalika in West Nusa Tenggara into special economic zones (KEKs).

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  • Indonesia’s Tourism Prospects Attract More Investments

    indonesia.travel, 11 Feb 2014
    Indonesia's Minister for Tourism and Creative Economy, Mari Elka Pangestu stated that investments in tourism facilities in Indonesia will continue to grow in

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  • Investors Expect Gain For Stocks Across Asia

    Monday, 10 February 2014 | The Wall Street Journal|   Share markets in Asia may be in line for gains because weakerthan-expected news on U.S. employment has kept expectations alive that the Fed will continue its easy-money policies for a while. The Nikkei Stock Average and other Asian share benchmarks are likely to rise and the Japanese yen should fall this week, investors said, after Friday's U.S.

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  • Indonesia Q4 GDP growth picks up pace

    Indonesia’s economic growth surprisingly gathered pace in the latest quarter, suggesting the economy is entering the new year with more momentum than expected to withstand the turmoil affecting emerging markets.

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  • Growing Domestic Investors Offer More Brass Ring To Foreigners

    Jakarta, 3 February 2014 - A diplomat by training and an economist by education, Investment Coordinating Board (BKPM) Chairman Mahendra Siregar now has the chance to apply both disciplines as he is tasked with lobbying investors to pour their money into Indonesia

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  • Stimulus pullback good for RI

    The Jakarta Post, 29 January 2014

    BKPM chairman Mahendra Siregar downplayed the severe impact of the phasing out of US quantitative easing (QE) on Indonesia's economy, saying that the country would instead benefit from the stimulus reduction program.

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  • RI shows off culture in Davos

    The Jakarta Post, Davos | 25 January 2014

    Indonesia is using “cultural diplomacy” to promote trade, investment and tourism at the prestigious annual World Economic Forum (WEF), running from Wednesday until Saturday in Davos, Switzerland.

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  • Domestic and Foreign Direct Investment Realization in Quarter IV and Year of 2013 Remain at above Rp 100 Trillion

    Jakarta, 21 January 2014 – The Investment Coordinating Board of Republic of Indonesia (BKPM) today announces the fourth Quarter (October-December) 2013 of investment realization figures for both Domestic (DDI) and Foreign Direct Investment (FDI) based on the Investment Activity Report (LKPM) received by BKPM.
     
    The investment realization in Q4 (October-December) 2013 is Rp 105.3 trillion, in which for the second times since Q3 2013 exceeds Rp 100 trillion. It increases 26.4% compared to the same period in 2012 (Rp 83.3 trillion).
     
    The graph below shows that since the Q1 2013 the total investment realization has reached a high and stable condition which is expected to be improved continually in the future.
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  • Aviva Pushes Into Asia as It Strikes Deal in Indonesia

     Jakarta, 17 January 2014 - Aviva Plc (AV/), Britain’s second-biggest insurer, formed a joint venture with Indonesia’s PT Astra International, competing with firms including Prudential Plc (PRU) vying for business in South East Asia.

     
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  • Civil Servants BKPM formation in 2013

    List of BKPM Civil Servant applicants who passed and were accepted as candidates for Civil Servants BKPM formation in 2013, click here

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  • Tax Changes To Lift Oil, Gas Investment

    Jakarta, 2 January 2014 - The Finance Ministry's tax directorate office issued a new regulation that narrowed tax requirements on land and property for oil and gas activities as well as setting tax exemptions, in a move to boost investment in the sector.

     
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  • Govt Lays Groundwork for Future Growth

    Jakarta, 17 December 2013 - The government is laying the groundwork for the next administration to ensure a steady stream of investment into the country amid expectation of the US Federal Reserve’s tapering of stimulus measures.

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  • Outlook for Asia power sector stable in 2014: Moody’s

    Jakarta, 16 December 2013 - Moody's Investors Service says that the overall outlook is stable for the power sector in Asia, excluding Japan, in 2014, thanks to supportive regulatory policies, which result in stable market structures and low probabilities of adverse adjustments to tariff structures or returns.

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  • RI still attractive to Taiwanese and Japanese investors

    Jakarta, 9 December 2013 - Business players from Taiwan and Japan still view Indonesia as an attractive investment destination despite repeated protests by workers demanding an increase to the minimum wage. Business people from the two East Asian nations are drawn to investing in Indonesia primarily because Southeast Asia's largest economy has shifted from its labor intensive industry to a capital intensive one.

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  • Nationalist sentiment thwarts FDI plan

    Jakarta, 2 December 2013 - Difficulties persist for foreign investors in Indonesia, as a plan to open up more industries to outside investment has been shelved by President Susilo Bambang Yudhoyono amid growing nationalist sentiment.

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  • IHI Targets Indonesia Amid Increased Japanese Foreign Direct Investment

    Jakarta, 21 November 2013 - Japan based manufacturer IHI has identified Indonesia as its most important market in the company's global expansion plan. The corporation plans to tap into opportunities created by increased Japanese foreign direct investment in Indonesia.

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  • BKPM Civil Servant 2013 Eligible Applicants to Take Competency Test

    Jakarta, 19 November 2013 - List of BKPM Civil Servant applicants who passed the Computer Assisted Test (CAT) and are eligible to take the Competency Test, as well as further details on the test, could be seen here

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