Indonesian Political, Business & Finance News

Archive: 8 February 2010

10 articles found

Bright future for biodiesel in Indonesia

As Indonesia is today the world’s largest producer of crude palm oil (CPO) - a desirable feedstock for biodiesel production - it has the potential to grow into a world biodiesel leader and a model for plantation sustainability.

Investment policies to ‘focus on maximizing value creation’

Senior editor Manggi Habir recently met up with Gita Wirjawan in his new position as head of the Investment Coordinating Board (BKPM) and talked about his strategy and plans going forward. Question: What is your investment strategy when you came into the BKPM? Answer: Let me answer that question by...

Bali's Blue Bird of Happiness Threatened with Extinction

From http://www.balidiscovery.com/messages/message.asp?Id=5801 Blue Bird Taxi Responds to Illegal Operation Claims Blue Bird Insists their Bali Taxi Fleet Operating in Accordance with the Law. (2/7/2010) The Blue Bird Taxi Group has responded vigorously to island officials and legislators who are...

Bali Real Estate: Boom or Bust?

Editorial: Changes in Land Ownership Rules Now Under Consideration May Threaten Bali's Culture and Heritage. (2/2/2010) The Indonesian press has been awash with news of a promised change in property laws that, if approved, would allow foreign nationals to lease land for 75 years.

GDP Growth in Q4 Expected To Surprise to the Upside

Economists are predicting that fourth-quarter GDP growth will be well above Bank Indonesia’s forecast due to strong domestic consumption and a rebound in exports. A Jakarta Globe survey of economists at six local banks and research institutes found an average forecast of 5.

Govt to set up three SEZs for agribusiness

The government is aiming to attract less than Rp 100 trillion (US$10.6 billion) in investment through the development of three special economic zones (SEZs) producing agricultural products this year. The three zones will be located in Medan, North Sumatra, in Dumai, Riau, and in Merauke, Papua,...

Brighter prospect for exports

The Central Bureau of Statistics (BPS) recently reported the Indonesian export performance for December 2009. This report defied a lot of expectations since the Indonesian exports in December 2009 reached US$13.33 billion, setting an all-time record.

East kalimantan to Launch New Power Plant

TEMPO Interactive, Jakarta: East Kalimantan will launch a new power plant which will reduce electricy deficit in the second largest city in the province, Balikpapan. East Kalimantan Governor Awang Faroek Ishak will officiate the 80 Megawatt diesel power plant in Batakan, Balikpapan, which is part...

RI trying to attract more Japanese investors after global crisis

Jakarta (ANTARA News) - Indonesia will in the next five years focus its ties with Japan by raising the flow of Japanese investment to Indonesia in the wake of the global economic crisis, an envoy said. The signing of the Agreement on Strategic Partnership for Peaceful and Prosperous Future in 2006...

Govt expects this year`s credit growth to reach 20 pct

Jakarta (ANTARA News) - The government expects the country`s credit growth to reach 20 percent this year to boost investment and exports, a minister said. Speaking to the press here on Friday, Coordinating Minister for Economic Affairs Hatta Rajasa expected all banking credits this year could be...