Indonesian Political, Business & Finance News

Archive: 11 December 2007

9 articles found

Heritage hangs over birth of Indonesian bourse

JAKARTA – Southeast Asia's biggest economy has a brand new bourse, a long-awaited merger of two pre-existing financial markets aimed at attracting more foreign capital through a one-stop shopping platform for both equity and bond investors. But will it succeed in attracting the new foreign investment many say is necessary to sustain Indonesia’s recent strong economic performance?

Market forces can help change climate for us to live better

Debnath Guharoy, Analyst Some 10,000 delegates from all over Planet Earth are still in Bali, trying to negotiate an acceptable plan to help save it. For the vocal minority who are entitled to remain climate-change skeptics forever, the overwhelming majority has a simple message. Poor air quality cannot be good for our health. Fossil fuels are the biggest contributors to self-inflicted pollution. Less of it would help us all to live better, perhaps longer. That's not up for discussion.

Govt moves ahead on copyright

Indonesia is preparing an inventory of its traditional and cultural products prior to registering them with the World Intellectual Property Organization (WIPO). Director general of intellectual property rights Andy Noorsaman Sommeng said that his directorate would cooperate with local administrations in preparing the inventory. "A national team has been working on this preparation, including the drafting of a law that hopefully will be enacted next year," he said.

Indonesian pulp output hit by logging curbs

Jakarta (ANTARA News) - A drive to clamp down on illegal logging in Indonesia could cut supplies of raw materials to the pulp and paper industry and slash output by two-thirds next year, an industry official said on Monday. Environmentalists blame timber groups in the country for illegal logging and the destruction of forests. The pulp and paper groups have denied that they use illegally logged timber.

Indonesia failing to cash in on mineral surge: analysts

Jakarta (ANTARA News) - Indonesia is failing to cash in on a global surge in mineral prices, with the country's confusing business environment turning off major new investment, analysts say. Indonesia has massive reserves of minerals such as copper, tin and bauxite, all of which have seen dramatic price rises throughout the year, largely driven by demand from China and India.

RI plans to give incentives to environment-friendly investors

Nusa Dua, Bali (ANTARA News) - The Indonesian government is planning to provide incentives to investors wishing to use environment-friendly technology, raw materials, energy and production process, an investment official said. "We need to seek a solution. On one hand investors are needed to help eradicate poverty, while on the other they are also held responsible for the environment.

Indonesia to face food crisis if farm land continues to shrink

Makassar (ANTARA News) - Indonesia will face a food crisis in 2017 or 20 years from now given the disparity between population growth and the rate at which the country`s farm land area is shrinking, Agriculture Minister Anton Apriyantono said here on Monday.

RI`s plywood exports expected to increase next year

Nusa Dua, Bali (ANTARA News) - Indonesia`s wood panel exports are predicted to increase in 2008 as a result of a decline in raw materials in a number of competitor countries, an industry spokesman said here on Monday.

RI allocates Rp150 billion to promote tourism

Denpasar, Bali (ANTARA News) - The government has allocated Rp150 billion for tourism promotion in 2008, compared to promotion funds in 2007 which stood at Rp100 billion. "We proposed Rp200 billion for promotion funds for tourism, but probably we will get only Rp150 billion," Tourism and Culture Minister Jero Watjik said here Monday on the sideline of a seminar on the impact of climate change on Indonesian tourism.