In an effort to lure foreign investors back to Indonesia, Minister Marzuki Usman has announced that permanent residency will soon be granted to foreign investors who invest a minimum US$1 million in Indonesia.
Minister Usman holds two portfolios in the present National Cabinet, serving simultaneously as the Minister of Tourism, Arts and Culture and as Minister in charge of the Foreign Investment Co-ordinating Board (BKPM).
Details on the actual implementation of the program among the various government departments have yet to be finalised and are expected to be announced shortly. (Sumber : Bali Discovery, 2 Juni 1999).
Wednesday, June 2, 1999
Subscribe to:
Comments (Atom)
