Indonesian Political, Business & Finance News

Archive: 24 June 2009

14 articles found

Asian economies feel the pull of protectionism

Indonesia's industry minister proposed earlier this year that the country's civil servants - all 4m of them - should buy and wear only locally made shoes.In the end this policy - a response to the global economic crisis - was opposed by others in the government.

K S Oil buys land in Indonesia for palm plantation

Mumbai, Jun 24 : Leading edible oil producer, K S Oils limited has acquired 35,000 acres of palm plantation in Indonesia for an undisclosed amount in continuation of its strategy of acquiring palm plantation assets in South Asia.

Indonesia’s current palm oil production far from target

KUALA LUMPUR: Indonesia’s plan to achieve about 40 million tonnes of annual palm oil production by 2020 is still up in the air, says Indonesian Palm Oil Board (IPOB) vice-chairman Derom Bangun.He said currently the average oil palm plantation yields in Indonesia, the world’s largest palm oil...

Ministry to Squash Insect Infestations With Regulation on Import Containers

The Ministry of Agriculture plans to screen and treat all wooden containers and packaging materials entering the country’s ports to protect domestic producers from foreign organisms or insects, a ministry official said on Tuesday.

Cepu Oil Output to Increase: BPMigas

Oil production from Cepu block, the nation’s largest oil deposit, will reach its preliminary target of 20,000 barrels a day in August as a land dispute hampering the project has been resolved, a senior official of upstream oil and gas regulator BP Migas said on Tuesday.

Nation’s First Physical CPO Market Unveiled by JFX

The Jakarta Futures Exchange on Tuesday launched the nation’s first organized physical market for crude palm oil, which will be traded exclusively online, in an attempt to create a new price benchmark, a JFX executive said.

Bintan Resort has two new ferry boats to serve Singapore

Bintan (ANTARA News) - To support sea transportation, especially for tourists to reach Lagoi resort in Bintan regency, Bintan Resort Pte Ltd (BRF) added two ferry boats to serve the Singapore-Lagoi route in Riau Islands.

Indonesian parliament enacts public service law

Indonesian House of Representatives finally enacted Tuesday the much-expected public service law that punishes government officials who delivered ill-conducted services to the public.After four years of discussions, lawmakers in the parliament unanimously agreed to enact the law called Public...

`Coconut economy' untapped

Indonesia's coconut-based industries remain largely untapped and lag behind regional peers due to lack of development in the sector, despite Indonesia being one of the world's largest growers of coconut palms, an association says.

Cement market hit by property slump

Indonesia's cement consumption in May shrank 14.4% year-on-year to 3.05 million tons amid a slump in the property and construction sector, Asia Pulse reported.It was the steepest contraction in monthly consumption from 3.56 million tons in April, the association of cement companies said.

Nokia, Samsung mull cellular phone plants Electronic companies

Electronic companies Nokia of Finland and Samsung of South Korea are exploring the possibility of building cellular phone manufacturing and assembling plants in Indonesia, a ministry official said on Tuesday, Antara reported.

Business scents recovery

A number of business sectors appear to be experiencing a boost, with higher sales in areas such as automotives and heavy equipment, while banks are starting to lower credit rates, likely increasing the momentum of recovery.

Kadin seeks tax incentives to boost growth in IT sector

Benget Besalicto Tnb. , The Jakarta Post , Jakarta | Tue, 06/23/2009 1:22 PM | BusinessThe country's business lobby has called on the government to provide tax incentives for the information technology sector and allow it greater access to financing to accelerate its growth amid the sector's...

Emaar and Indonesian Government extend JV to develop The Lombok Project by six months

Quoting: Jungle GeorgeIf Arabs and Indonesians can get their collective sh't together there is a lot of money to be made from this project. can't disagree there. it will be the new hawaii bali. and, i guess, therein lies the problem.