Indonesian Political, Business & Finance News

Archive: 12 November 2009

8 articles found

Kadin says FTAs need `guidelines'

The Indonesian Chamber of Commerce and Industry (Kadin) has requested inclusion of guidelines for bilateral and multilateral trade agreements in the coming trade law in a bid to create a better fit between trade and industrial policies.

Monopoly rears its ugly head

The state electricity monopoly (PLN) raised again its ugly head with more extensive damages as rotating power blackouts, previously limited mostly to areas outside Java, have now hit even the capital city, the centre of political and commercial power.

Carrefour Indonesia Antitrust Saga Underlines Regulatory Mess

Concerned investors are asking why two government agencies approved Carrefour’s purchase of subsidiary PT Alfa Retailindo just two years ago if it was clearly in breach of antimonopoly regulations, as the country’s antitrust watchdog claimed this month when it ordered the French retailer to...

Indonesia-EU Free-Trade Agreement Faces Hurdles

Indonesia and the European Union signed a new trade and investment agreement on Monday, but a free trade agreement with the EU remains a distant dream.Martua Sihombing, the Trade Ministry’s director of bilateral cooperation, said an Indonesia EU-FTA is still a long way off.

Jakarta Property Demand Rising, Firm Says

Demand for all types of property in Jakarta grew during the third quarter due to increasing consumer confidence about the domestic and global economies and lower interest rates, property consultancy PT Procon Indah said on Wednesday.

Corruption Watchdog Reports Potential Revenue Loss From Mining

TEMPO Interactive, Jakarta: Government's revenue from mining industry and concessions in the last 13 years has been below the supposed amount, the Indonesia Corruption Watch reported on Wednesday. Legal violations in mining sector also spanned from licensing, spatial and environment management, up...

Suzuki to relocate motorcycle plant from Thailand to Indonesia

Jakarta (ANTARA News) - Japanese automotive company Suzuki plans to relocate its motorcycle plant from Thailand to Indonesia in 2010, citing the huge market as one of its reasons."Suzuki originally wanted to develop (motorcycle industry) in Thailand but it later decided to switch to...

US investors interested in RI`s infrastructure

Jakarta (ANTARA News) - Chairman of the US Chamber of Commerce Robert S Milligan said that infrastructure is the most attractive sector US businessmen want to invest in Indonesia."It seems that the infrastructure sector was the most attractive one.