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NEW UPDATES Asean Affairs  30  November 2015  

BKPM halts license for foreign investment in cemetery park

Indonesia: The Investment Coordinating Board (BKPM) has received a US$20 million investment proposal from a foreign investor to run a cemetery park development and burial service. The BKPM has not yet issued the license due to uncertainties related to the monitoring process.

BKPM chief Franky Sibarani has said that the foreign investor would create a joint-cooperation plan with a local partner and had prepared 75 hectares of land.

However, the BKPM would have to discuss the matter with other departments and ministries before issuing the license because the cemetery park development comprised two businesses under different authorities.

“There are some ministries that are supposed to act as the authority but that has yet to be decided. Investors need certainty in the sector they are interested in and it is BKPM’s mission to provide that,” Franky said in a press statement as quoted by in Jakarta.

The investment in the cemetery park development was listed in the Indonesian Standard Industrial Classification (KLBI) and categorized as a funeral service, Franky explained.

Furthermore, Franky said the development had two main activities, namely burial activities (the service sector), and cemetery development (the property sector). Currently, there was no specific department that specialized in monitoring the business.

The government is currently revising Presidential Decree 39/2014 on the negative investment list and the conditional positive investment list.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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