Cempaka Business and Economy: Indonesia to Give Tax Holidays for Major Direct Investors

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Monday, August 15, 2011

Indonesia to Give Tax Holidays for Major Direct Investors

Jakarta Post, Aditya Suharmoko, August 15, 2011

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Jakarta. Indonesia will give a tax holiday for investors committing at least 1 trillion rupiah ($117 million) into sectors including metals and energy, an effort to spur record levels of foreign direct investment in Southeast Asia’s biggest economy.

The G20 member aims to become a world top ten economy by 2025 through boosting investment, improving infrastructure and developing industries that add value to its position as a leading producer of resources such as tin, palm oil and coal.

Finance Minister Agus Martowardojo said he will issue a regulation later on Monday on the scheme, which will cover base metals, oil refining, petrochemicals, renewable energy, machinery and telecoms equipment.

This will exempt investors from paying taxes for between five and 10 years after their companies start operations, though the duration was still being discussed, he said.

Existing investors that have operated commercially for under one year may also ask for a tax holiday, he added.

“The impact will be huge. It can help us reach our 2011 investment target,” said the country’s investment chief Gita Wirjawan, referring to a target to get 240 trillion rupiah of investment this year.

Some investors have announced plans to build manufacturing plans in the country but have been waiting for the details of the mooted tax holiday scheme before starting operations.

Planned investments include $6 billion in a joint venture steel plant by South Korea’s POSCO, the world’s no.3 steelmaker, $4.5 billion by South Korea’s Honam Petrochemical Corp for a petrochemical complex, and $8-$9 billion from Kuwait Petroleum Corp to build a new oil refinery.

Foreign direct investment surged 21 percent in the second quarter of 2011 from a year earlier as strong commodity prices attracted investors into the mining sector, even without a tax holiday.

Purbaya Yudhi Sadewa, economist at Danareksa Research Institute in Jakarta, said the tax holiday was a good strategic move for the sectors chosen.

“I don’t think we have to question that we’re losing money from tax for 5 to 10 years -- if they don’t come we still don’t get it anyway ... On oil refining it could help cut fuel shipments to Indonesia as we haven’t build any new refinery since the 1990s,” he said.

The former OPEC oil producer’s ageing refineries mean it relies on gasoline and diesel imports from neighbor Singapore to meet its growing fuel demand.

Chief economics minister Hatta Rajasa said that the government is also planning this month to revise an existing tax allowance regulation for smaller investments, involving either 50 billion rupiah and 300 workers or 100 billion rupiah and 100 workers.

Martowardojo said if the investors already had this tax allowance they would be exempted from getting the tax holiday.

Analysts warn that the country needs to overhaul and expand its infrastructure in coming years to keep attracting firms. The government is relying on private investors for two-thirds of its $150 billion infrastructure needs.

Reuters

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Monday, August 15, 2011

Indonesia to Give Tax Holidays for Major Direct Investors

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