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Indosat, one of Indonesia's largest telecommunication networks and services provider, has partnered with Novosol, a Singapore headquartered mobile media and advertising company. Indosat will offer Novosol's MoFutbol multimedia mobile magazine to its fifty million plus subscribers at no charge. MoFutbol is a 24x7 magazine videos, photo-stories and real time scrollers. MoFutbol is the first multimedia mobile football service in the Indonesian language. The Mandarin and Malay editions will follow soon.
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Mahendra Siregar, Head of the Indonesia Investment Coordinating Board (BKPM) is optimistic that realized investment in Indonesia can reach over IDR 100 trillion (USD $8.6 billion) in the first quarter of 2014, particularly supported by foreign direct investment (FDI) in the country's automotive and electronics sectors. Siregar uttered his optimistic view at the groundbreaking of the new Toyota factory in Karawang (West Java) on Tuesday (25/02). Foreign investors remain buoyant on the potential of Indonesia's rapidly expanding consumer force.
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Airport Council International (ACI), the only global trade representative of the world's airports, stated that Indonesia’s Soekarno-Hatta International Airport, located just outside the capital city of Jakarta, has climbed one spot and is now ranked the world’s 8th busiest airport in terms of passenger numbers (over the year 2013) and was the 4th busiest airport in the Asia Pacific after Beijing Capital International Airport, Haneda International Airport (Tokyo), and Dubai International Airport.
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Indonesia's Ministry of Energy and Mineral Resources plans to set royalties for all types of coal at 13.5 percent (of net sales) as part of a revision of Government Regulation No. 9 - 2012 on Tariff and Types of Non-Tax Revenue. Currently, the percentage of royalty depends on the quality of the coal that is extracted as well as the type of permit that is issued to the coal miner. Apart from higher coal royalties, the Indonesian government also proposes a windfall profits tax in case there is a sharp upward price correction.
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The views expressed in these business columns are the views of the authors or the interviewed persons only and therefore do not necessarily reflect the views of Indonesia Investments. The authors are free to ventilate their opinions about the Indonesian business climate. Facts presented in these columns are the result of the author's own research or indicated sources, read disclaimer.
