Indonesian Political, Business & Finance News

Archive: 10 February 2010

11 articles found

South Sumatra plans own special economic zone

South Sumatra, which boasts abundant natural resources, plans to develop a special economic zone around the Tanjung Api-api port, with Coordinating Economics Minister Hatta Rajasa making a sales pitch for his own home province.

Non-oil/non-gas exports projected to increase 7-8.5 pct

Jakarta (ANTARA News) - The Trade Ministry has projected a 7 percent - 8.5 percent increase in the country`s non-oil/non-gas exports this year after they reached a total value of US$97.5 billion last year.

W Kalimantan offers CPO management Coop to Singapore

Pontianak (ANTARA News) - West Kalimantan has offered the Singapore government cooperation in crude palm oil management. "So far CPO from West Kalimantan have to pass Belawan port in Medan (North Sumatra)," the province`s governor, Cornelis, said on the sidelines of a visit by Singapore ambassador...

Indonesia says it’s ‘managing,’ not banning seaweed exports

Indonesia has denied a plan to ban seaweed exports, saying its growers could meet the demand from Filipino seaweed processors. "A total ban is beyond what we intend to happen. What we plan to do is manage exports," Victor Nikijuluw, head of Indonesia's Ministry of Marine Affairs and Fisheries, told...

Ministry revokes 1,104 import licenses on 2008 regulation

The Trade Ministry has released information saying that it has, as of the end of last year, revoked 1,104 import licenses in line with the enforcement of a 2008 ministerial regulation on imports of particular products.

New association aims for independent economy

A number of experts and scholars in economics and politics declared the foundation of the Indonesian Political Economy Association (AEPI) on Tuesday, aiming to help Indonesia move toward an independent economy.

Govt considers restricting more products in unregulated ports

The government is considering adding more categories of products, as well as extending existing categories, to a revision of a 2008 Trade Ministry regulation on imports of particular products in a bid to protect the domestic market.

Creative industries contribute 7.5 pct to export earnings

Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said the contribution of creative industries to Indonesia`s non-oil/non- gas exports reached around 7.5 percent or Rp114.9 trillion. "Creative industries contributed around 7.

Two foreign investors to develop goldmines in North Halmahera

Ternate (ANTARA News) - Investors from China and Australia were interested in developing the gold mine in North Halmahera regency, North Maluku. Head of the North Halmahera mining and energy agency Aser Tidore said here Monday that the Chinese investor was interested in developing the goldmine in...

N Sulawesi to reject Chinese cement not meeting SNI norms

Manado (ANTARA News) - Cement made in China that does not meet SNI (Indonesian National Stadard) norms will not be allowed to enter North Sulawesi province despite the Asean-China Free Trade agreement (ACFTA), a local trade official said.

RI sends letter to China to renegotiate ACFTA

The Indonesian government has sent a letter to China requesting a renegotiation of the ASEAN-China Free Trade Agreement [ACFTA]. “Director General for International Trade Gusmardi [Bustami] sent a letter of request to renegotiate with China.