well, i guess the jakarta post figured it was no longer a story. despite the fact that the issue spread worldwide in nearly every major media outlet and news service on the basis of the story that was planted in their own paper. it seems the pages of the jakarta post are increasingly up for sale to the highest bidder. you wanna run a story? you know who to call ...

Jakarta Post version Yudhoyono fumes over political deal speculation Erwida Maulia , The Jakarta Post , Jakarta | Tue, 01/19/2010 10:26 PM | National President Susilo Bambang Yudhoyono on Tuesday angrily struck out at media reports of his alleged plan to replace Finance Minister Sri Mulyani Indrawati in an attempt to end the prolonged Bank Century bailout saga.

Jakarta Globe's version Yudhoyono Slams Report as ‘Fiction’ Sri Mulyani Indrawati’s job seemed more secure on Tuesday after an angry President Susilo Bambang Yudhoyono lashed out against a newspaper article reporting a supposed deal that would see the Finance Minister replaced by the end of next month. President Yudhoyono accused the report, based on anonymous sources, of pitting him against political parties. “Something that is not happening has been created out of nothing.

TEMPO Interactive, Jakarta:The Coordinating Ministry for the Economy’s secretary, Edi Abdurrahman, has said that the government will form a Special Economic Zone (KEK) National Board. The establishment of the board will be regulated in a government regulation. “We will propose a government regulation,” Edi said at the Ministry office on Monday. The foundation will consist of a several councils, such as the zone council and the administrator council.

Government Looking to Restrict Surge of Imported Fruit

The Ministry of Agriculture plans to impose a new national standard on imported horticultural products in 2012 to stem the tide of low-quality fruits, vegetables and plants. “Hopefully it can reduce the import volume of the fruits entering the country, since only the high-quality fruits will be able to be sold in the domestic market,” Ahmad Dimyati, the ministry’s director general of horticulture, said on Tuesday.

Indonesians are far more confident about their personal finances than other Asian consumers, a survey by credit card company Visa has revealed. However, people are still spending cautiously and planning to save more because of the rising cost of living. Economists have forecast that strong domestic demand and consumer spending will be the main drivers of economic growth this year, targeted by the government to reach 5.5 percent.

Government may provide incentives if needed for industries negatively affected by full implementation of the free trade agreement between ASEAN countries and China (ACFTA), Finance Minister Sri Mulyani Indrawati said Tuesday. The government will also impose tariffs temporarily on two products - concrete wire (bendrat) and aluminium foil - due to surging imports after full implementation of ACFTA, threatening local industries, Trade Minister Mari Elka Pangestu said.

Robertus Winarto, Jakarta Indonesia marks a significant development in the transfer pricing area this year. For the first time, companies engaged in related party (controlled) transactions are required to maintain transfer pricing (TP) documentation. A number of disclosures pertinent to it must also be presented in their 2009 corporate income tax returns (CITRs). This is part of the rules set out in regulation issued by the Director General of Taxation (DGT) in July 2009.

London-based HSBC Group, which are in the process of acquiring a majority stake in publicly listed Bank Ekonomi Raharja, has illegally employed expatriates, raising unrest among the bank’s local employees, according to sources.

Jakarta (ANTARA News) - The government will turn on an early warning system it has prepared in case there are indications of excessive imports of commodities resulting from the free trade agreements, a chief minister said. "There will be an early warning if sharp increases occur to cause an injury or a negative effect ," Coordinating Minister for Economic Affairs Hatta Radjasa said here on Tuesday.

Foreign investors are welcoming moves by the Investment Coordinating Board to push for changes to the much-maligned “negative investment list,” which limits foreign ownership in a number of sectors. Gita Wirjawan, chairman of the board, known as the BKPM, said on Monday that the government was finalizing the revisions that would open five sectors to foreign investment, and it was expected to be completed within two months.