Indonesian Political, Business & Finance News

Archive: 11 April 2009

9 articles found

Holes in Indonesia's mining law

Several interesting issues to discuss. Not that anyone ever does in this section!!1. In SHARE terms, Indonesia continues to decline, losing out in particular to Chile, which has a more accomodating FDI regimen.2. Don't be mislead by the figures for "New" investment.

Holes in Indonesia's mining law

JAKARTA - Indonesia's highly anticipated new mining law threatens to become a non-starter just three months after its passage, denting hopes generated over three years of parliamentary debate that a new legal regime would spur more development in the sector.

RI exports may drop by 50% in Q2, Kadin says

As the global downturn is still nowhere near recovering, Indonesia’s exports - having dropped 30 percent in the first quarter - will fall even faster in the second three-month period, a business grouping predicts.

BI: Processing industry to grow only two percent

Jakarta (ANTARA News) - Indonesia`s processing industry is predicted to grow only two percent this year, down from 3.7 percent in 2008, according to Bank Indonesia`s economic report issued on Wednesday."The slowdown occurs because of decreased exports and domestic demand," it states.

UAE advises Indonesia to sign FTA with GCC

Abu Dhabi (ANTARA News) - The United Arrab Emirates (UAE) has proposed to Indonesia to enter into a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC), Indonesian Ambassador to the UAE M Wahid Supriyadi said.

Greenearth establishes geothermal entity in Indonesia

JAKARTA, INDONESIA: Greenearth Energy has established a geothermal exploration and development entity based in Jakarta, Indonesia with the aim of establishing a suite of geothermal exploration and development opportunities in the country.

Non-Oil Exports May Plummet 30% As Big Contracts Evaporate, Says GPEI

Indonesia’s non-oil and gas exports are expected to plunge as much as 30 percent over the next three months, including rubber, palm oil and mining products, as fewer overseas buyers sign long-term contracts, said Toto Dirgantoro, secretary of the Indonesian Exporters Association, or GPEI.

Minister Unlikely to Approve Donggi Senoro Deals

Following conflicting signals, intrigue and confusion - and despite the risk of straining trade relations with Japan - Indonesia seems set to repudiate the provisional gas sale agreements signed by the Donggi Senoro liquefied petroleum gas project, with the energy minister now insisting the gas is...

Exports Could Hurt Foreign Debt Repayment

Jakarta - Though President Susilo Bambang Yudhoyono said on Sunday that the government was committed to repaying its foreign debts on time to maintain foreign investor confidence in Indonesia, economists warned that falling exports could affect the country’s ability to make those payments.