Indonesia to Increase Investment in Petrochemicals

The Indonesian government plans to increase its investment in the petrochemical industry in order to reduce the country’s dependence on imports, say press reports. The government is developing several strategies as well as creating a conducive business environment to support the petrochemical industry. To increase investment in petrochemicals, the Indonesian government plans to provide incentives such as tax holidays, tax allowances, and exemption on import duties for capital goods. It also plants to make available more resources such as oil and gas to...

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