Indonesian Political, Business & Finance News

Archive: 29 January 2009

12 articles found

CPO producers see `good' prices

CPO producers see `good' pricesThe Jakarta Post , Jakarta Producers of crude palm oil (CPO) expect prices to reach as high as US$600 per ton this year, betting on higher domestic sales which would help avoid oversupply in global markets, thus stabilizing the prices.

Indonesia to host int'l palm oil conference

JAKARTA, Jan. 28 (Xinhua) -- Indonesia, the world's largest palm oil producer, is to hold international palm oil conference here on May 27 to 29, the committee of the conference said on Wednesday. Over 1,000 producers, the government officials in charge on palmoil industry and others stakeholders...

CPO Industry Expects Stricter EU Import Rules

Having already been stung by plunging international prices and decreased demand, Indonesia’s crude palm oil producers are bracing for a possible ban on their products by the European Union, which is expected to issue two environmentally-friendly regulations in a bid to encourage sustainable palm...

Foreign Investment Expected to Decline

Indonesia is likely to have a tough time sustaining foreign investment growth this year due to tight liquidity and fierce international competition amid the economic slump, a report from the country’s investment promotion agency says.

Businesses Slam Government Flip-Flops Over Stimulus

Businesses Slam Government Flip-Flops Over Stimulusby Muhamad Al Azhari & Dion BisaraThe Indonesian Employers Association, or Apindo, is questioning the government’s seriousness about giving a “fiscal stimulus” package to the private sector after it proposed to legislators on Tuesday that...

Cut in tax rate to benefit banks most

Harry Su, EconomistStarting in 2009, the government and the parliament have agreed to lower Indonesia's personal income tax upper-bracket from 35 percent to 30 percent This is being implemented to create a more competitive tax rate compared to regional peers.

Investment prioritized on infrastructure, energy, food

Aditya Suharmoko, The Jakarta Post, Jakarta With investment this year forecast to slump, the investment body will focus on investors prioritizing infrastructure, energy and food.Investment Coordinating Board (BKPM) chairman M.

REDD rules delayed in Indonesia

Indonesia has delayed the finalisation of new rules to underpin a new carbon-credit market around avoided deforestation, a further sign of the complexities around this much-heralded new market mechanism.

Government Rejects Foreign Investment in Food Production

TEMPO Interactive, Bandung:The government has rejected an offer from a Middle Eastern group to invest in West Java’s food sector because the province’s main agricultural product is the national rice stock.

Waiving taxes will not help job-intensive sectors: Kadin

Aditya Suharmoko , The Jakarta Post , Jakarta | Thu, 01/29/2009 7:26 AM | HeadlinesBusinesses have warned the government against giving firms in labor-intensive sectors a waive in employees’ taxes they normally bear, with details of the plan still sketchy.

RI`s CPO production in 2009 estimated at 20 million tons

Jakarta, (ANTARA News) - Indonesia`s crude palm oil production in 2009 is estimated to total 20 million tons, of which 4.5 million to 5 million tons will be consumed at home and the rest exported, a CPO businessman said.

CPO price up on incresing demand

Medan, N Sumatra (ANTARA News) - The price of crude palm oil (CPO) is predicted to continue its upward trend in response to increasing demand in the world market due to declining stocks, a CPO businessman said.