Indonesian Political, Business & Finance News

Archive: 9 June 2010

8 articles found

Forty investors to develop sugarcane plantations

Jakarta (ANTARA News) - Forty investors have expressed keen interest in developing sugarcane plantations to help the country achieve self sufficiency in sugar by 2014, a spokesman said. The investors had secured permits to plant sugar cane on 12 thousand to 40 thousand hectares of land in Java, Sumatra, Sulawesi, and West Nusa Tenggara, Chairman of the Indonesian Refined Sugar Association (AGRI) Melvin Korompis said here on Tuesday. "Eight of the 40 investors are AGRI members.

Tax: Indonesia ranked as implementing international information standards

Jakarta (ANTARA News) - Indonesia is now ranked in the category of jurisdictions that have substantially implemented internationally agreed tax standards, according to the Organization of Economic Cooperation and Development (OECD)`s report received by ANTARA here Wednesday. The OECD pointed out that the rank for Indonesia along with Brazil was considered as a result of details provided to the recent Global Forum on Transparency and Exchange of Information for Tax Purposes.

Indonesia imports surge signals industrial sector is in recovery

JAKARTA -- Indonesia's trade figures for the first four months of this year show manufacturing companies were absorbing more imported raw materials and capital goods to support their growing production volume. Imports of raw materials in the January-April period reached US$30.17 billion, up by 64.36 percent from US$18.36 billion in the same period last year. Meanwhile, capital goods imports hit US$8.2 billion, a 46.67 percent increase from US$5.6 billion over the first four months of last year.

No bling in Bali: Bvlgari keeps it subtle

Rather than obviously branding the rooms, Bvlgari has simply made sure that everything spells out the brand's core values of beauty and luxury in its Bali hotel The people carrier bounced me along the muddy Balinese road, passing a small black sign, so low on the ground that it might easily go unnoticed.

RI provinces woo China's big investors

Three Indonesian provincial administrations met with China's construction and electrical firms in Shanghai on Tuesday, showcasing billions of dollars worth of projects aimed to solve the bottlenecking of economic growth in the Southeast Asian country.

Indonesia allows foreign investment in agriculture

JAKARTA June 7 (Reuters) - Indonesian will open up the agricultural sector to foreign investment and raise the level of foreign investment allowed in sectors including healthcare and transport, according to a presidential decree seen by Reuters on Monday.

Ornamental Fish to Become Banyuwangi’s Premium Export Commodity

TEMPO Interactive, Banyuwangi:Banyuwangi’s export commodities still rely on fish and sea products. The biggest export commodity is ornamental fish, prawn and conserved fish, sardines. Last year, ornamental fish exports were ranked in first place with a value of Rp2.8 billion. The export destinations are Japan, Taiwan, Hong Kong, China and Germany.

Indonesia hopes for increasing Singaporean investment

Indonesia hopes that Singaporean investment could increase about 10 percent in the future following better knowledge of practice and procedure about arbitration in the country, an official told Xinhua in a recent interview. Iwan Dermawan Hanafi, Chairman of Indonesian Chamber of Commerce and Trade for Singapore Committee, said that currently, Singapore is the biggest investor in Indonesia in business-to- business sector.