Following Saudi Arabia, as many as 33 business people from Oman are visiting Indonesia to explore investment opportunities in Southeast Asia’s biggest economy.The business delegation represented various sectors, such as construction, international trading, property, manufacturing, mining, logistics, tourism, information technology and banking, Investment Coordinating Board (BKPM) chief Thomas Lembong said Wednesday.“The visit by the Oman delegation shows that investment interests from Middle Eas...

Boosting investment is high on the agenda of French President Francois Hollande's visit to Indonesia next month, French ambassador said on Friday (24/02).The president will be accompanied by 30 top executives of French companies.Prior to the visit, on Feb. 20-21, representatives of Mouvement des Entreprises de France (MEDEF), the largest French business lobby group, arrived to to Indonesia to deepen their knowledge about its investment climate.President Hollande's visit is scheduled for March 29...

Indonesia is among Asia's most attractive investment destinations, thanks to a robust private demand combined with expectation of improvements in its business climate, a survey from The Economist Corporate Network (ECN) showed.Published on Tuesday (17/01), the survey — titled "Navigating Asia's Risks and Rewards: Asia Business Outlook Survey 2017" — asked 223 Asia-based business executives in November last year about how their business were performing and their expectation for the year ahead.ECN...

Jokowi tells business leaders at dialogue that time is ripe for brave investors to venture in Indonesia is at the end of a commodities boom and in the midst of a cyclical downturn, but brave investors who venture in will "reap great profit", Indonesian President Joko Widodo said yesterday.Mr Joko told those gathered at the Singapore-Indonesia business dialogue in Shangri-La Hotel:"Today, we are once again confronting challenging times in Indonesia... The world looks full of uncertainty and risk....

An unnamed investor from Australia is planning to invest Rp 10 billion ($763,000) to open a restaurant in Bali following a foreigner-friendly revision of Indonesia's negative investment list, according to the Investment Coordinating Board, or BKPM.The list — which is known by its Indonesian acronym DNI — now allows food and beverage-related businesses to be fully owned by foreigners.Previously, foreigners were only allowed to own stakes of between 33 percent and 67 percent in such businesses, de...