On June 15, 2011 the Indonesian Petroleum Association submitted to the Indonesian Supreme Court a petition for judicial review against Government Regulation Number 79 Year 2010 concerning Recoverable Operational Costs and Income Tax Treatment for the Upstream Oil and Gas Industry, because certain provisions of the regulation have seriously taken a...
Amidst the global economic uncertainties of late 2011, Indonesia’s fundamentals are relatively sound. Its foreign currency reserves had surged to $113.9bn as of October 2011, the Jakarta Composite Index is becoming more robust, the rupiah is fairly stable and exports are soaring. The economy registered growth of 6.5% during the third quarter of...
There are plenty of idyllic tourist spots in the Indonesian archipelago, some of them topping the wish lists of tourists worldwide. Less known but finally in bounds is a fascinating new option: Aceh. The semi-autonomous region at the westernmost point in the country is emerging from decades of isolation, and both locals and visitors are waking...
ETIQUETTE: A handshake is usually the first introduction in a business setting and is used as a greeting and farewell. It is recommended to address men as Pak (equivalent to “Mr.”) and women as Ibu (equivalent to “Mrs.”). Visitors should try to use the right hand when passing money and other objects,...
COUNTRY PROFILE Island life: A rich and colourful archipelago POLITICS Rising to the challenge: Growth and reform have continued despite difficult conditions Interview: President Susilo Bambang Yudhoyono At the helm: Chairing ASEAN presents an opportunity to increase regional influence Interview: Abdullah Gül, President of Turkey...
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