Indonesian Political, Business & Finance News

Archive: 23 April 2009

11 articles found

Government re-launches Love Indonesia program

I have already bought the T-shirt.

Indonesia attracted $2 bln in foreign capital in Q1

Jakarta (ANTARA News) - As much as US$2 billion in foreign capital funds flowed into Indonesia during the first quarter of 2009, reflecting a recovery of investors` confidence in the country, a minister said. "As we can all see, the rupiah is currently beginning to strengthen, and the stock price index has advanced. During the first quarter of 2009, the government has recorded the entry of more than US$2 billion in foreign capital into Indonesia.

Indian Firm Seeks to Buy More Indonesian Oil Palm Plantations

Singapore. KS Oils, one of India’s major edible oil companies, is considering the purchase of more oil palm plantations in Indonesia as part of its strategy to secure crude palm oil supplies for its fast-growing market, a company official said on Tuesday.

Government re-launches Love Indonesia program

The government has re-launched "Cinta Indonesia" (Love Indonesia) program to induce people on using more Indonesia -made products. "Many Indonesian, especially the upper class people, are reluctant to buy Indonesia products because they think the products have less quality than imported ones," Trade Ministry Mari Eka Pangestu told journalists during the opening ceremony of Inacraft exhibition at The Jakarta Convention Center (JCC) in Jakarta on Wednesday.

Investment in railways is like a train that is nearly always late

Andhika Suryadharma, Research Analyst Mass rapid transportation facilities in Indonesia remain undoubtedly inadequate and underutilized. Recently, a friend told me about a trip to Surabaya when he was forced to make a stop in Semarang station in order to use the bathroom as the toilet on the train was in an extremely bad condition.

RI to hold Indonesian products exhibition

Mustaqim Adamrah, The Jakarta Post, Jakarta The government will hold an exhibition of a wide range of Indonesian products on May 13 through 17. The exhibiton, organized by the Industry Ministry, will display, among others, capital goods and heavy equipment, the ministry's secretary-general Agus Tjahjana said Wednesday.

Handicraft exports down eight percent on sluggish demand

The Jakarta Post, Jakarta The total value of handicraft exports dropped by eight percent last year due to a slowdown in global demand for Indonesian products, Trade Ministry says. Trade Minister Mari Eka Pangestu said in Jakarta Wednesday that the handicrafts export in 2008 had plummeted to US$ 570 million from $624 million in 2007.

ITS develops alternative fuel from waste, tides

Surabaya's 10 November Institute of Technology (ITS) will focus on developing alternative fuels from the marine sector in an effort to anticipate the energy crisis in Indonesia. Besides developing biofuel from Jatropha and rubber seeds, ITS will also process banana and plastic waste into ethanol as energy to generate power. The waste could be taken from household and industrial garbage.

Dreaming of Cheap Cars

And Tempo editorializes that putting more cars on the streets would be a dumb idea. Cheap Cars For What? Editorial Tempo Magazine No. 34/IX | April 21-27, 2009 Given the current state of the infrastructure, cheap cars are the last thing we need. Public transport is more important. BEFORE it reaches the implementation stage, the plan to produce cheap cars should be abandoned.

Dreaming of Cheap Cars

Originally Posted By: Tempo Unfortunately, local investors are not yet interested in producing such cheap cars. “We’ve approached them…It seems they’re concerned about the risks, because car manufacturing requires large investments,” said Budi. why aren't they interested? i can immediately think of two strong reasons: 1. gengsi. most indonesians own a car for reasons of status, not necessity. 2. old tech. the future is electric.

Dreaming of Cheap Cars

Dreaming of Cheap Cars for the World Tempo Magazine No. 34/IX April 21-27, 2009 The government wants to turn Indonesia into the world’s cheap-car production base. Incentives will be provided, but there will be several constraints. Mobil Arina ONE Friday afternoon at the beginning of April, the parking lot of Patra Jasa Hotel on Jalan Sisingamangaraja, Semarang, was suddenly crowded.