Indonesian Political, Business & Finance News

Archive: 8 January 2009

10 articles found

Govt delays bringing in coal DMO

Alfian, The Jakarta Post, Jakarta A requirement for coal producers to sell a certain part of their production to the local market, known as the domestic market obligation (DMO), could not be implemented this year as planned because of the need for a stronger legal basis.

Businesses slam govt's high export growth claim

Mustaqim Adamrah and Desy Nurhayati, The Jakarta Post, Jakarta Businesses strongly criticized the government's upbeat forecast of 8 percent growth in non oil and gas exports for 2009 as "unrealistic", arguing that exports of non oil and gas commodities will instead drop steeply. The Indonesian Chambers of Commerce and Industry (Kadin), the Indonesian Employers Association (Apindo) and other business groupings slammed the government target as too optimistic and lacking in detailed explanations.

Bandung Revitalizes Creative Zones

Speaking of Bandung's creative zones, Jakchat Buaya Budaya (the local version of Culture Vulture, you understand) may enjoy the Bandung Now modern art exhibition on at the national gallery (opposite Gambir). Began last night, on till the 17th Jan.

Mining law passes with unwanted catch

SINGAPORE - A new mining law in Indonesia, long delayed and keenly anticipated by foreign investors, secured passage through parliament last month with complications that dimmed hopes it would quickly unleash a new spate of exploration and development. Indonesia, the world's largest exporter of thermal coal, has major copper, gold, nickel, tin and bauxite deposits. Mineral and coal exports were worth about US$23 billion in 2007, according to central bank statistics.

Bandung Revitalizes Creative Zones

Originally Posted By: Dilli Bandung municipality will permanently close down the oldest red-light district in the city to make way for a proposed Islamic centre, putting more than 1,000 people out of work in the process. I still lament the loss of Kramat Tunggak. Shutting it down and replacing it with an Islamic center was bad for local small businesses but good for families who didn't like living nearby thousands of prostitutes, germo and preman.

Bandung Revitalizes Creative Zones

I fear that they have overlooked possibly one of the most lucrative "areas".... Bandung municipality will permanently close down the oldest red-light district in the city to make way for a proposed Islamic centre, putting more than 1,000 people out of work in the process. I am in two minds as to whether this is a good or bad thing. Knowing where the red light area is and being able to survey the activities is a lot safer than driving the industry underground.

Bandung Revitalizes Creative Zones

TEMPO Interactive, Bandung:The Bandung city administration plans to revitalize creative industry areas as an effort to increase competitiveness among creative industries this year. "There are five creative industrial centers to be revitalized," said Bandung mayor, Dada Rosada, yesterday.

Thousands of Port Workers Face Dismisal

TEMPO Interactive, Surabaya:The chairman of the Land Transportation Organization of Tanjung Perak, Surabaya, Kodi Lomahayu, said around 6.000 workers at the local port area are facing the threat of dismissal. "If the condition of export-import transportation services in Tanjung Perak remains slow for the next six months, dismissals cannot be avoided," he said yesterday.

President warns domestic industries to remain competitive

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has warned domestic industries to remain competitive and not to use nationalism as an excuse for low performance levels. Speaking at a function to present Upakarti, Technology Pioneer, and Indonesia Good Design Selection (IGDS) awards to 33 recipients at the State Palace here on Wednesday, the president said the motto "love domestic products" should not be a mere discourse.

Minister Wacik Lobbies for North Bali Airport

Jero Wacik, known as Minister Zero by critics for his complete lack of knowledge of ... well ... everything, denied that he had extensive land holdings in northern Bali.