Word: sediono
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...overwhelmed by the inter est foreign investors have shown in our country," said Surjo Sediono, a high of ficial of Indonesia's Foreign Investment Board. He describes 1967 as the "year of promotion," when Indonesians and potential foreign investors got acquaint ed, both in Djakarta and in Geneva, at a conference sponsored by Time Inc. last November. Courting private cap ital, the new regime has returned virtu ally all foreign properties seized by Sukarno, promised tax holidays and easy repatriation of profits to all newcomers...
...Indonesia and investing $6,000,000 in a joint venture with the government. British-American Tobacco will operate a cigarette factory in Djakarta, while Belgium's Faroka will make cigarettes in Malang. Scores of smaller ventures from candy to pearl culture have signed up. "The important thing," says Sediono, "is getting the first company to come in. Then competitors want to follow. For example, Philips' of Holland came in and now Siemens of Germany is interested...
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