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Jakarta Post
The Jakarta Post
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Govt moves to undo local regulations detrimental to investment

  • Aditya Suharmoko and Mustaqim Adamrah

    The Jakarta Post

Jakarta | Thu, August 20 2009 | 02:03 pm

PREMIUM More than one-third of regulations issued by local governments are detrimental to Indonesia's investment climate, shun investors and have contributed to slower overall economic activity, the Finance Ministry says. As of Aug. 14, of 9,715 taxes and levies issued by regional adminis-trations, the ministry has recommended 36 percent or 3,455 of them be cancelled or revised, Finance Minister Sri ...