Indonesian Political, Business & Finance News

Archive: 15 December 2008

10 articles found

Indonesia says New Zealand trade deal request intolerable, ‘peanuts’

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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...

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.

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.

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.

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.

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.

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.

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).

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.