BLOG DARMASISWA

Foreign Currency Ratings On Indonesia Raised To ‘BB’ From ‘BB-’

Standard and Poor’s upgraded Republic of Indonesia’s long-term foreign currency rating to BB from BB-, and long-term local currency rating remained at BB+. Outlook for both ratings is positive.

Indonesia’s Investment Coordinating Board (BKPM) regains past status as a ‘One Stop Shop’

Processing investment licensing as fast as in 5 hours and in 7 days at the slowest, while aiming eventually to be able to complete the process within 1 hour.

Enhancing Mining Sector: Indonesia issues new Government Regulations on Mineral and Coal Mining; will soon issue two more related regulations.

Two new regulations on mineral and coal mining: (i) regulation on Mining Area; and (ii) regulation on Commercial Mining Activities related to Mineral and Coal. Two other regulations related to mineral and coal mining activities – (i) on supervision and monitoring as well as that on (land) reclamation; (ii) on post-mining activities – are currently undergoing final review.

Bank of Indonesia’s “Monetary Policy Review” – February 2010, January 2010, and November 2009.

The most recent monetary policy analysis by the Central Bank of Indonesia.

Minister: New Investors to Build Sugar Mills

32 new investors expressed commitment to construct new sugar mills in Indonesia, supporting Govt’s provision of 500,000 ha land in South Sumatra and Sulawesi – in an overall effort to revitalize Indonesia’s sugar industry. Growth of food and drink industries continues its yearly upward trend. Rp 530 trillion investment recorded in 2009.

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