Archive: 15 December 2008
10 articles found
Mon, 15 Dec 2008
The new mining law
The new mining law which is scheduled to be enacted by the House of Representatives on Tuesday still stipulates the clause most dreaded by mining investors -- the licensing system in general mining and coal (excluding oil, natural gas and geothermal) will be changed from contract of work (CoW) to a...
Mon, 15 Dec 2008
Fresh milk producer imports cows
Due to increasing demand for fresh milk in Asia, fresh milk producer Greenfield has imported 360 pregnant cows from Australia to improve its production capacity.Greenfield processing manager Darmanto told The Jakarta Post here over the weekend his company, which had allocated Rp 108 billion (US$9.
Mon, 15 Dec 2008
Tourism promotion fund slashed as crisis worsens
Ni Komang Erviani, Contributor, Denpasar The tourism industry in Bali has criticized the provincial administration's decision to cut the tourism promotion fund in a bid to free up more money for health and poverty eradication programs.
Mon, 15 Dec 2008
Indonesia says New Zealand trade deal request intolerable, ‘peanuts’
Indonesia has accused New Zealand of giving “too few” while requesting “too many” special facilities that may harm certain Indonesian industries and cause massive job losses, during an ongoing free trade negotiation that could end in a deadlock.
Mon, 15 Dec 2008
Furniture makers gain $250m orders from China's loss
Although many industries are suffering from a drop in orders, furniture producers are enjoying extra orders worth US$250 million until next year, with U.S. customers shifting their orders from China to Indonesia.
Mon, 15 Dec 2008
Mining law may deter big investors: Associations
While it will certainly ensure more business, the soon-to-be passed mining bill is likely to discourage large multinational mining companies from investing in Indonesia, putting the future of the industry at stake, mining groups warn.
Mon, 15 Dec 2008
Investment Could Slow in ’09
Investment growth in Indonesia, from both domestic and foreign sources, is predicted to slow next year as the country feels the impact of the global slowdown. Tensions in domestic politics ahead of next year’s elections may also see investors delay some of their plans, economists said.
Mon, 15 Dec 2008
Garment exports doing well despite global crisis next year
The Jakarta Post, Jakarta Thanks to investment worth around Rp 4 trillion (US$363 million), garment-making businesses are expected to grow by 11.4 percent by year-end, and another 10 percent next year.Garments account for 60 percent of Indonesia's textile and textile products (TTP).
Mon, 15 Dec 2008
Government Offices Must Use Locally-Made Furniture
TEMPO Interactive, Jakarta:Vice President Jusuf Kalla has promised that he will instruct all government departments/institutions to use locally-made furniture. This measure is being taken as an effort to save the furniture industry and expand the market domestically.