Indonesia’s streamlined permit process may entice China to help the government double foreign participation in infrastructure projects by 2014, said Gita Wirjawan, head of the country’s investment coordinating board.
Indonesian President Susilo Bambang Yudhoyono’s party is putting its presidential hopefuls through an American Idol-style contest that will see them criss-crossing the country for eight months while footing some of the cost.
The Indonesian government will stick with a rule change requiring tin producers to trade the metal locally before export, curbing supplies from the biggest shipper, and says the model may be applied to other commodities.
Unilever plans to invest about $600 million to expand its factory in Indonesia and another 1.1 trillion rupiah to build a new plant in North Sumatra province, Gita Wirjawan, head of the country’s investment coordinating board, said.
Indonesia will limit restaurant franchise holders to operating 250 outlets in the country, with certain exceptions, in a bid to protect small- and medium-size businesses, Trade Minister Gita Wirjawan said.
Indonesia plans to switch to a single time zone on Oct. 28, allowing Southeast Asia’s biggest economy to match clocks in Singapore, Malaysia and China with the aim of boosting economic development and synchronizing markets, the nation’s trade ministry said.
Indonesia is seeking higher tin prices as the largest exporter presses on with a policy that metal be traded on a local exchange before shipment, affirming a shift that roiled the market when it began three months ago.