The meeting will take place while the country is preparing for the
second-round presidential election in September.
The outcome of the investment discussions will be in the form of a
recommendation, or a list of actions to be carried out by relevant ministries or agencies, the newspaper said.
Investment, especially by foreign entities, has been lagging in Indonesia
as compared with neighboring countries, mostly due to the adverse business climate here.
Indonesia July Vehicle Sales Dn 10% On Mo to 38,481 Units
Aug 14--Sales of new
vehicles in Indonesia jumped 10% in July to 38,481 from 42,769 in June, the Indonesian car assemblers' association, Gaikindo,
said Friday.
The association didn't provide an explanation for the fall in vehicle
sales in the domestic market, but analysts said consumers may have delayed their plan to buy a car as they await the release
of new models in September.
Gaikindo said market leader Astra International sold 15,236 new vehicles
in the local market in July, down 21% from 19,317 in June.
Singapore's Jardine Cycle & Carriage Ltd. (C07.SG) owns a 41.9%
stake in Astra.
RI ECONOMY TO IMPROVE DESPITE WORLD SLOW-DOWN IN 2005, SAYS MINISTER
Aug 13 -- Finance Minister Boediono said although the world`s economic
growth is expected to slow down in 2005, Indonesia`s economy will improve, especially if its presidential election runs well.
"If
the election as well as the transfer of power run well and smoothly, they could compensate the weakening of the global economic
situation," the minister said here Friday.
With social and economic conditions in Indonesia improving, investment could
be expected to enter the country and revitalize the economy.
US INVESTOR TO BUILD TWO OIL REFINERIES IN PAREPARE, S SULAWESI
Aug 13 -- PT. Inter
Global Technologies (IGT), a subsidiary of a US company based in Texas, plans to build two oil refineries in Parepare, South
Sulawesi, with an initial inwestment of US$6.5 milion, a local official said.
"The oil refineries will be set up on
1,000 hectares of land in Bacukiki subdistrict," Parepare Mayor HM Zain Katoe told reporters here Thursday.
