Indonesian Political, Business & Finance News

Archive: 13 August 2010

8 articles found

Govt preparing incentives for industrial cluster investment

The government says it is preparing measures to reinvigorate the industry-based cluster program, which has faced serious obstacles including overlapping land titles and infrastructure bottlenecks.Industry Minister Mohamad S.

Envoy: Indian giants arriving, trade rises

Historical, political and cultural binds between Indonesia and India prove too strong for challenges to shake years of good relations between the two countries, with the most recent incident involving Indians and Indonesians in Batam now only a distant memory.

Indonesia’s sleeping tiger awakens

Indonesian stocks are traded by Japanese investors every day, but one recent request from Tokyo was out of the ordinary. A big investor phoned up a local fund manager asking to buy $1bn in equities on the Jakarta stock exchange within just 20 days.

Singaporean investors pour money into Indonesia to tap commodities

SINGAPORE -- Singapore investors are flocking to Indonesia with an eye to tapping its rich commodity reserves and fast-expanding consumer base.Foreign direct investment (FDI) in the country - once shunned because of its corruption, political unrest and poor infrastructure - rocketed from SG$508...

Jakarta’s chance to lead fashion for faithful

Models present creations by Indonesian designer Ian AdrianThe fashion models lounged in the public hallway of a Jakarta retail mall in hot pants, batting false eyelashes and adjusting their hairdos.Minutes later, they hit the catwalk wearing headscarves and covered by full-length prayer gowns in an...

Indonesia plans to give incentives for investment in 5 provinces

JAKARTA, Aug. 13 (Xinhua) -- The Indonesian government plans to provide fiscal incentives for investment in five provinces in the sectors of agriculture, oil and gas, a paper reported here Friday.Industry Minister Mohamad S.

Indonesia to build a new container port

Indonesia’s state port firm will start building a new container terminal in Jakarta this year to cope with overflowing volumes at the main shipment hub in Indonesia’s capital as trade grows.The first phase of the 22tn rupiah ($2.

Indonesia hopes exports to rise by end of 2010

Jakarta (ANTARA News) - Industry Minister MS Hidayat hoped Indonesia`s exports could be increased to reduce any trade deficit."China indeed is now the preference for increasing exports of commodities. They now import more than exporting.