Indonesian Political, Business & Finance News

Archive: 25 November 2010

9 articles found

Foreign oil drilling vessel can still operate

Some foreign-owned vessels, including oil drilling vessels, will be exempt from the law on cabotage until May, Transportation Minister Freddy Numberi says. The temporary exclusion from the law, which restricts foreign-owned vessels from operating in Indonesia’s waters, would support the government’s oil production target, Freddy said. "We will postpone the regulation for certain vessels.

Indonesia Verifies Issue on Bicycle Exports

TEMPO Interactive, Jakarta:The Trade Minister is cooperating with the European Union to clear issues on bicycle product circumvention. “There are assumptions that bicycles from China are being exported to Europe through Indonesia,” said Ernawati, the Trade Ministry’s Trade Security director, in Jakarta yesterday. Circumvention is the imposition of one-sided additional duties on exported products.

Indonesia Government Plans to Finalize Land Reform Law by End of Year

Jakarta. A draft bill to regulate land acquisition for public projects was sent to the president last week and would reach the legislature before the end of the year, the head of the National Land Agency said on Wednesday. The assurance came during a luncheon hosted by the Jakarta Foreign Correspondents Club, where Joyo Winoto, the head of the agency, also known as the BPN, was a guest speaker.

Sitti Invites Bloggers to Challenge Google

VIVAnews - New startup has only been launched in Indonesia. Sitti has indexed more than 20 terabytes of data; comprising 12 million articles, 12 million Twitter accounts, 10 million Facebook conversations, 20 thousand words of slang and 2.7 billion Google search terms– all in Bahasa Indonesia and all to make mathematical sense of Bahasa language context, so that it can match ads to content better than Google.

Indonesia's domestic coal sales to hurt future exports

JAKARTA, Nov 24 (Reuters) - Indonesia's requirement for miners to sell more coal for the domestic market may squeeze supply within the next three to four years as domestic demand rises and production capacity is struggling to expand as quickly, officials said on Wednesday. A potential cut in supply from the world's top thermal coal exporter could keep coal prices high in the future amid strong demand from Asian countries, particularly China and India.

Pertamina Develops Geothermal Electricity

TEMPO Interactive, Jakarta:The Pertamina Geothermal Energy (PGE) is developing 765 megawatt (MW) of potential geothermal energy. The project, said Zainal Ilmie Bachrun, the Planning and Development director of PGE, is part of the geothermal energy long term development to produce 1.342 megawatt by 2014.

Indonesian vice president calls for reform on bureaucracy

JAKARTA, Nov. 24 (Xinhua) -- Indonesian Vice President Boediono on Wednesday reminded all government officials in key positions to continuously make bureaucratic reforms as an effort to lure much needed foreign investment, Antara news wire said here. Red tape and corruption in Indonesia are among the concerns of foreign investors and have hampered the country's effort to jump to investment grade.

Bengkulu to build dockyard

Bengkulu (ANTARA News) - The regional government of Bangkulu province is planning to build a dockyard at Pulau Baai port in an effort to increase its income from the port services sector, a local official said. "We are planning to build a dockyard and other facilities at Pulau Baai seaport area so that the regional government would obtain an income from the port service sector," Head of Transportation Service of Bengkulu, Ali Berti said here on Wednesday.

Domestic bicycle production expected to reach 3.5 mln next year

Jakarta (ANTARA News) - Domestic bicycle production is expected to reach a record high of 3.5 million next year after several bicycle makers plan to raise their production capacity, a spokesman said. The annual domestic bicycle production which now reached less than 2 million units still fell short of the market demand, Chairman of the Indonesian Bicycle Producers Association (AIPI) Prihadi said here on Wednesday.