INDONESIA which is an ASEAN member country lies on the crosslink of two continents, Asia and Australia, as well as two oceans, the Indian Ocean and Pacific Ocean. Indonesia is the fourth most populous nation in the world after China, India and the United States. Over two thirds of the population resides in Java, the center of the country’s economic and political power. The Indonesian national motto “Unity in Diversity” points to one of the greatest attractions of Indonesia. There are some 300 ethnic groups, a result of both the country’s unique geography and history. Many Indonesians may see themselves first by their ethnic and cultural group and secondly as Indonesians. The glue that binds the people together is the usage of the Bahasa Indonesia, the national language, and Pancasila, the national philosophy, which stresses the doctrine of unity and universal justice for all Indonesians.
Indonesia is also the third fastest growing economy in Asia and the largest economy in Southeast Asia. With stable politics and strong economy, Indonesia is known to be the emerging power house in Asia. Indonesia’s economic policies are on a firm footing, so are its measures to attract foreign investment.
Indonesia, being a market oriented open economy, with free foreign currency exchange regime, its government realizes that investment is one fundamental factor in accelerating economy; hence they make serious efforts on fixing investment procedures to stimulate the more advantageous investment climate.