Indonesian Political, Business & Finance News

Archive: 11 December 2008

7 articles found

Foreign investment up, Jakarta takes most

Endowed with rich natural resources and a large population, Indonesia is becoming more attractive for investors as indicated by an increase in the number of realized direct investment projects involving foreign businesspeople.

MSMEs to be in special economic zones: Govt

The government is considering to mandate and set aside an allotted space for micro, small and medium enterprises (MSMEs) in special economic zones (SEZs) under a new draft law.Trade Minister Mari Elka Pangestu said Wednesday in a House of Representatives hearing it was necessary to provide MSME...

The Time to Invest Is Now, Says Kalla

Teguh Prasetyo & Sally PiriDespite the slowing world economy, Vice President Jusuf Kalla on Wednesday encouraged businesses not to delay long-term investments, especially projects that would be completed in two to three years and could benefit from a recovery boom once the global financial...

2009 Growth May Fall to 4.4 %

Muhamad Al AzhariIn a report released on Wednesday, the World Bank said Indonesia’s economic growth rate could slow to 4.4 percent next year from 6 percent in 2008, assuming a prolonged global economic recession affecting both investment and exports.

Alarm at protectionist trend in Jakarta

Foreign governments and business people are becoming alarmed that Indonesia’s policies to mitigate the impact of the global financial crisis are creating trade barriers that violate World Trade Organisation obligations, despite its promises to abstain from protectionism.

Canadian delegation meets East Java entrepreneurs

A delegation of business leaders from Canada held a meeting in Surabaya on Wednesday with entrepreneurs from East Java in a bid to look into possible joint business ventures.The meeting, called the Canada-East Java Business Forum, was part of a 3-day itinerary the Canadian Embassy organized to the...

CPO price outlook: What a difference a year can make

Achmad Syafriel, AnalystWe attended the 2009 Indonesian Palm Oil Conference and Price Outlook in Nusa Dua, Bali, last week with plenty of participants not only from palm oil companies, but also from different sectors connected to the palm oil industry such as fertilizer producers and investment...