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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 system of mining business permits. The good news is that the new law will not be retroactive to existing mining concessions.

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$9.55 million) for the import program, would soon make a second import of the same number.

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. Head of the Balinese Tourism Agency I Gede Nurjaya said Saturday the administration had allocated Rp 4 billion, Rp 1 billion less than this year, to the tourism budget for 2009.

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. The negotiation is part of an auxiliary deal under the planned free trade agreement (FTA) between 10-member ASEAN and Australia and New Zealand, agreed upon on Aug. 28, and which will be officially signed by the end of the year.

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. The Indonesian Furniture Entrepreneurs Association (Asmindo) said at the weekend the United States -- one of the world's major furniture buyers -- had decided to relocate orders because of competitiveness.

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. A new permit system, which will replace the Contract of Work (CoW) system, is the primary thing deterring firms from investing here, chairman of the Indonesian Coal Producers Association, Jeffrey Mulyono, told The Jakarta Post.

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. The Investment Coordinating Board, or BKPM, announced on Dec.

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).

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. "The government will definitely support this to support the local market.