• Indonesia's Lippo Group Acquires Singapore's Healthway Medical Corp

    The Lippo Group, one of Indonesia's largest and most diversified conglomerates, is set to acquire a big stake in Singapore-listed Healthway Medical Corporation (HMC) through Gentle Care (a Lippo Group-linked unit). HMC is a private healthcare provider operating through two segments, including primary healthcare, and specialist & wellness healthcare. It owns and manages more than 100 medical centers and clinics, mainly in Singapore and China.

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  • Nautical Tourism Sector of Indonesia: an Untapped Potential

    The Indonesian government wants to increase the role of nautical tourism in the economy. Currently, nautical tourism only contributes 10 percent to the whole tourism industry of Indonesia. However, by 2019 the government wants to see the figure having doubled to 20 percent, or worth roughly USD $4 billion. Expansion should be achieved by expanding the number of tourist destinations across the Indonesian Archipelago. Nautical tourism includes the marina, charter and cruise industries that combine sailing and boating with holiday activities.

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  • Direct & Portfolio Investment in Indonesia Expected to Rise in 2017

    Investment in Indonesia is expected to rise in 2017. This covers both direct investment and portfolio investment. Domestic direct investment (DDI) should grow on the back of Indonesia's low interest rate environment (making it cheaper for domestic investors to purchase credit) as well as higher capital injections (from the state budget) into Indonesia's state-owned enterprises. Meanwhile, foreign direct investment (FDI) is expected to rise on the back of Indonesia's accelerating economic growth and government reforms. Both FDI and DDI should also rise amid rising commodity prices.

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  • What is Indonesia's Progressive Tax on Idle Land Ownership?

    Sofyan Djalil, Indonesian Minister of Agrarian Affairs and Spatial Planning, says the progressive tax on land that is deemed idle will not disturb the investment climate of Indonesia because industrial estates and land that has a clear development purpose are exempted from this tax (this includes land destined for property development projects). Through the progressive land tax the government wants to combat speculative land buying, something that has become a problematic phenomenon in Indonesia.

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