Batam planning two special economic zones

Bigger tax breaks, income tax relief in bid to tackle stagnant growth on Indonesian island

The two proposed special economic zones are at Hang Nadim International Airport and the upscale north-eastern Nongsa area. The enclaves will be dedicated to logistics and tourism, respectively.
Port Batu Ampar, a seaport in Batam that will be expanded as part of the island’s infrastructure plans. An hour by ferry from Singapore, Batam is a free trade zone and home to hundreds of companies, including shipyards, factories producing electronics and those in the oil and gas sector. In recent years, it has faced stagnant growth and falling investments. ST PHOTOS: ARLINA ARSHAD
Port Batu Ampar, a seaport in Batam that will be expanded as part of the island's infrastructure plans. An hour by ferry from Singapore, Batam is a free trade zone and home to hundreds of companies, including shipyards, factories producing electronic
The two proposed special economic zones are at Hang Nadim International Airport and the upscale north-eastern Nongsa area. The enclaves will be dedicated to logistics and tourism, respectively. ST PHOTOS: ARLINA ARSHAD
The two proposed special economic zones are at Hang Nadim International Airport and the upscale north-eastern Nongsa area. The enclaves will be dedicated to logistics and tourism, respectively.
The two proposed special economic zones are at Hang Nadim International Airport and the upscale north-eastern Nongsa area. The enclaves will be dedicated to logistics and tourism, respectively. ST PHOTOS: ARLINA ARSHAD
The two proposed special economic zones are at Hang Nadim International Airport and the upscale north-eastern Nongsa area. The enclaves will be dedicated to logistics and tourism, respectively.
BP Batam’s transitional chief Edy Putra Irawady (above) says the ministries will need three to six months to study the proposal. If President Joko Widodo is re-elected in the April polls, his “direct approval is expected to come in June”. ST PHOTOS: ARLINA ARSHAD
BP Batam's transitional chief Edy Putra Irawady (above) says the ministries will need three to six months to study the proposal. If President Joko Widodo is re-elected in the April polls, his "direct approval is expected to come in June".
BATAM MAYOR MUHAMMAD RUDI. ST PHOTOS: ARLINA ARSHAD
Arlina Arshad Regional Correspondent In Batam
Updated
Feb 18, 2019, 06:52 AM
Published
Feb 18, 2019, 05:00 AM
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Indonesia's Batam island has proposed developing two special economic zones (SEZs), offering bigger tax breaks for businesses, including those from Singapore, and income tax relief for workers.

A senior official said the green light for both zones could come as early as June.

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A version of this article appeared in the print edition of The Straits Times on February 18, 2019, with the headline Batam planning two special economic zones. Subscribe

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