Indonesia

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Indonesia's privatisation strategy took another step forward last week when the government offered shares in the country's third largest bank to the public.
On July 20, the House of Representatives endorsed a new law making social responsibility compulsory for certain corporations operating in Indonesia, adding complexity to the corporate law regime.
Shortly after the legislature passed the new energy bill, Indonesia's president travelled to South Korea this week, overseeing the signing of several bilateral deals in the hydrocarbon sector.
Last month, Indonesia expanded its 'negative investment list' of local industries in which foreign investment is restricted. The new list caps such investment in a wide range of sectors.
As the European Union imposed a blanket ban on Indonesian airlines flying through its territory on July 6, the Indonesian government promptly adopted a series of measures to address security concerns.
When the 2008 edition of The Guinness Book of Records is published in September, Indonesia will hold the current record for the country with the world's fastest rate of deforestation.

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