Indonesian Political, Business & Finance News

Archive: 27 October 2009

13 articles found

Rajawali to expand plantation, eyes bourse

The investment company Rajawali Group is planning to expand its palm oil plantations to 250,000 hectares from 40,000 hectares in the next 5 years and will list its plantation firm on the Indonesia stock exchange (IDX) in 2011.

Investment in mining sector hampered by late regulations

Indonesia may have to wait for a potential massive inflow of new investment into the mining sectordue to delays in preparing the implementing regulations needed to make the revised mining laweffective.“The formulation of the implementing regulations involve various departments.

Big boys going open-source to cut costs

The wave of migration from propriety software to open-source applications is gaining momentum as big companies are jumping on the bandwagon to make cost efficiencies and avoid legal charges for piracy.The enthusiasm for "going open-source" was summed up at the 2009 Global Conference on...

Bali's Nusa Penida May Go Under

There are several endangered islands, which include Bangka and Belitung islands.VIVAnews – Climate change is threatening small islands across the world, including the Nusa Penida island in Indonesia, which will be drowned if the climate change mitigation scenario is not prepared any soon.

Indonesia's infrastructure projects

JAKARTA, Oct 27 (Reuters) - Indonesia's new presidential delivery unit will tackle stalled toll road, power plant, and mining projects in order to eliminate bottlenecks and speed up economic growth. Southeast Asia's biggest economy needs to spend billions of dollars on upgrading and expanding...

Indonesia says land acquisition stalls Binladin rice investment

JAKARTA, Oct 26 (Reuters) - The Saudi Binladin Group's $4.3 billion planned investment in Papua, east Indonesia, to develop rice fields has stalled because of problems acquiring land from local people, an agriculture ministry official said on Monday.

Indonesia Government Vows To Cut Time Needed To Start A Business

JAKARTA -(Dow Jones)- The Indonesian government is determined to cut the time needed to start a business in the country, a minister said Tuesday."Indonesia recognizes the importance of implementing administrative reforms to support private-sector development," said Minister of Justice and...

Mining Companies Say Govt Delay In Regulations Could Hurt Investment

Investment in the mining sector could suffer as the implementing regulations for the Mining Law passed in December are now likely to be delayed until March due to “technical problems,” a legislator said on Monday.

ASEAN free trade to commence on schedule: Mari

Indonesian Trade Minister Mari Elka Pangestu confirmed the ASEAN (Association of Southeast Asia Nations) free trade area (FTA) would start up on time with planned tariff cuts by January 2010.Speaking on the sidelines of the 15th ASEAN Summit here over the weekend, Mari said that the tariff...

New Waste Treatment Facilities Planned in Five Cities

TEMPO Interactive, Jakarta: The Public Works Department announced plans build public waste treatment facilities in five cities in indonesia worth around Rp1 trillion each, which will be supported by the Australian government.

Government to Switch Some Coal Power Plant Projects Into Geothermal

TEMPO Interactive, Jakarta: The Energy and Mineral Resources Departement revealed that the government is raising the portion of geothermal energy in the second phase of 10,000 megawatt power plant projects following instruction by President Susilo Bambang Yudhoyono last week, to reduce reliance on...

Banks need to be involved in revitalizing industries

Faisal Basri (ANTARA/Prasetyo Utomo/*)Jakarta (ANTARA News) - Banks need to be involved in the revitalization of industries because financing from the state budget alone is not enough, an economist said.

Banten concentrates on geothermal energy exploitation

Serang, Oct 25 (ANTARA) - The Banten provincial mining and energy agency is currently focusing on the exploitation of geothermal energy in Serang, Pandeglang, and Lebak regency.According to the result of a survey by the regional administration, the three regencies have the capacity to produce at...