Sign up | Log in



Home  >>   Daily News  >>Indonesia>>Investment>>BKPM halts license for foreign investment in cemetery park
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.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           November 30 , 2015 Subsribe Now !
• Astra Sedaya considers issuing bonds worth Rp 10 trillion Subcribe: Asean Affairs Global Magazine
• BKPM halts license for foreign investment in cemetery park
• ASEAN looks at IT development 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• SEZ policy hinges on infrastructure
Nov trade deficit narrows to $3.8b
Asean Analysis                   November 20, 2015
• Asean Analysis November 20, 2015
TPP: a fair Free-Trade Agreement?
Advertise Your Brand

Asean Stock Watch  November 27,  2015
• Asean Stock Watch-November 27, 2015
The Biweekly Update
• The Biweekly Update November 13, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand