From Government of Indonesia

Investment Bill to Plenary

A new investment bill will go to a plenary of the House of Representatives on Thursday (29/3/07) after being approved by a special committee.

Irmadi Lubis, a member of the House special commission preparing the bill, said the legislation is needed to attract foreign investment to spur economic growth and create more
job opportunities.

"After China and other ASEAN member countries, Indonesia has to follow suit, giving access as wide as possible to foreign investors to... the country," he said.

"Granting a 95-year concession to foreign investors has long been implemented by China, Cambodia and Vietnam. These countries have an accumulation of concessions similar to those which Indonesia has given to many multinational corporations," he said.
_________________________ Indonesian Business and Investment News Aggregator