Indonesian Political, Business & Finance News

Archive: 28 January 2010

10 articles found

Australian investor interested in Gorontalo`s mining

Gorontalo (ANTARA News) - Besides Japanese and Malaysian, an Australian investor has also expressed interest in cooperation in the mining sector in Gorontalo province.Brian, the Australian investor, said here on Wednesday he would like to invest in the mining sector in Gorontalo because the...

Indonesia`s heavy equipment sales forecast to rise 25% this year

Jakarta (ANTARA News/Asia Pulse) - Heavy equipment sales in Indonesia are forecast to rise 25 per cent to 9,000 units this year with growing demand mainly from the mining and plantation sectors.Improved prices of mining and plantation commodities in the world market resulted in brisker activities...

Investment falls, as reforms incomplete

Foreign direct investment, which makes up the bulk of direct investments each year, fell 27.2 percent in value last year as total cumulative investment only stood at Rp 97.38 trillion (US$10.82 billion) by the end of December.

Labor law 'discourages' labor-intensive industry

Association of Indonesian Businesspeople (Apindo) chairman Sofyan Wanandi said Thursday the existing labor law had discouraged investment in labor-intensive industries."We in Apindo have tried to help attract investment in the labor-intensive industry.

Investment in Toll Roads the Most Expensive

TEMPO Interactive, Jakarta:Recapital Securities Research Division chief, Poltak Hotradero is of the opinion that toll road infrastructure is the most expensive investment in Indonesia. The highest cost must be spent on land release.

Shoe Factory in China Moves to Indonesia

TEMPO Interactive, Tangerang:Trade Minister Mari Elka Pangestu said there seems to be a tendency for shoe manufacturers in China to relocate to Indonesia. The strengthening Chinese yuan can be one reason for this, along with the increasing cost of manpower and its regulations in China.

Foreign Property Ownership to be Extended to 70 Years

Thursday, 28 January, 2010 | 15:16 WIBTEMPO Interactive, Jakarta:Foreign property ownership will be extended from 25 years to 70 years. “The regulations formulation is completed. It only waits for the Housing Minister stamp,” said Lucy Rumantir, Jones Lang LaSalle Indonesia Chairman, in a press...

Lombok Deal With Emaar Expires, says Indonesia

Officials Throw Lombok Project A Final Lifelineby Janeman LatulLocal and central government officials are mounting a last-ditch attempt to salvage a giant resort plan for Lombok that all but collapsed earlier this month.

Investment falls, as reforms incomplete

Foreign direct investment, which makes up the bulk of direct investments each year, fell 27.2 percent in value last year as total cumulative investment only stood at Rp 97.38 trillion (US$10.82 billion) by the end of December.

ASEAN-US Business Council Seek More Support From Indonesia

TEMPO Interactive, Jakarta: Representatives for US businesses have approached Indonesian government to persuade the government to produce more supportive investment policies in different field of business before deciding larger investments in the Indonesia.