Tuesday, September 29, 2015

Indonesia: Permits for Geothermal Projects in Forested Areas to be Processed in 15 days

Indonesia introduces new stimulus measures to boost its ailing economy (China Post)

(Courtesy CIA.gov)
Indonesia on Tuesday unveiled more stimulus measures to woo desperately needed investment, in its latest bid to boost the sliding rupiah and breathe new life into the slowing economy.

New measures announced Tuesday included slashing the time taken to process investment permits from at least eight days to just three hours, with processing for permits in mining and geothermal projects in forested areas to be cut from up to four years to about 15 days.

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