The change in the tax penalty scheme would convert the current precipitated funds into investment that would serve as a stimulus for the states economy, an official stated here on Thursday.

The Indonesia Stock Exchange (BEI) has recorded a 4.48 percent hike in its composite index this year, making it the highest as compared to indexes of major stock exchanges in the world.

OIL PRICES have perked up a bit, but producers are still reeling from the slump in crude prices last year. The boss of Pemex, Mexico’s state-owned oil firm, said this week that the company faced a “liquidity crunch”.

On the westernmost tip of the Island of Flores, the town of Labuan Bajo, or also spelled Labuhan Bajo sits peacefully: a small fishing site with surprisingly comprehensive tourist facilities. The central logic for its wide range of amenities is the extraordinary interest of travelers to the existence of the Komodo dragon, locally called ora, if not for its superb national park that encompasses some 80 islands.

The mighty Rinjani mountain of Gunung Rinjani is a massive volcano which towers over the island of Lombok. A climb to the top is one of the most exhilarating experiences you can have in Indonesia. At 3,726 meters tall, Gunung Rinjani is the second highest mountain in Indonesia.

If you’re looking for peace and quiet, then Ubud is the place to be. Steeped in culture and enhanced by magnificent vistas, Ubud offers a respite from the humdrum of your busy life. In the past, Ubud was just a small village, but now it has grown into a thriving yet laid back cosmopolitan community.