Indonesian state-controlled contractor Waskita Karya is also eager to see its subsidiary Waskita Toll Road conducting an initial public offering on the Indonesia Stock Exchange. On Tuesday (20/09) another unit of Waskita Karya - Waskita Beton Precast - was listed on the local bourse, raising IDR 5.16 trillion (approx. USD $394 million) hence becoming the biggest IPO in Indonesia so far this year. This year there have been few companies eager to list considering the highly volatile markets amid the weak global economy and ahead of another Fed Fund Rate hike.

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Indonesian Finance Minister Sri Mulyani Indrawati was at a court hearing in Jakarta on Tuesday (20/09) to defend the legality of the nation's tax amnesty program. In July 2016 legal activists, gathered within the One Justice Foundation (Yayasan Satu Keadilan) and Indonesian People's Struggle Union (Serikat Perjuangan Rakyat Indonesia), filed for a judicial review at the Constitutional Court claiming that the program turns money laundering into a legal practice, protects criminals, teaches Indonesian citizens not to pay taxes, and constitutes an unfair program from a social point of view.

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Indonesia Infrastructure & "One Belt One Road" Investment Conference 2016 (IIC 2016) will be held on October 20th and 21st 2016 in Jakarta, Indonesia. The conference will be a stage of first-hand infrastructure investment information, a bridge of networking and discussing between local project leaders and investors, and will involve a full program of high quality international keynote speakers to give a global and local perspective on Indonesia infrastructure construction.

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The Netherlands plans to stop sending development aid to five countries, including Indonesia, from 2020 onward. Lilianne Ploumen, Dutch Minister for Foreign Trade and Development Cooperation, said the relationship between the Netherlands and Indonesia - after 2020 - can be labeled "trade partners" only. Besides Indonesia, the Netherlands also plans to scrap development aid for Ghana and Kenya. Ploumen added that Dutch parliament wants to focus on disbursing development aid to those unstable countries located in or around Europe.

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