Indonesian Political, Business & Finance News

Archive: 18 March 2011

11 articles found

W. Nusa Tenggara to boost its seaweed, corn, cattle industries

From: The Jakarta PostWest Nusa Tenggara is preparing to develop its seaweed and corn production and its cattle industry after the central government appointed the province one of the centers for the nation’s food production.

Indonesia Could Read Investment Grade in 12 Months: Fitch

From: The Jakarta GlobeBy Dion Bisara & Muhamad Al Azhari Indonesia may see its sovereign ratings upgraded to investment grade in less than 12 months, a top executive from Fitch Ratings announced on Thursday.

4,700 bylaws 'troubled', hamper investment in regions

From:The Jakarta Post Over 4,700 bylaws issued in the past decade are considered “troubled” in that they threaten regional investment climates.The Committee for the Supervision of Regional Autonomy Implementation (KPPOD) said 4,741 bylaws of more than 13,000 bylaws issued in the past decade...

Governor to Move Against Zoning Violators?

Nusa Dua Beach World Complex May Prove Litmus Test for Governor's Resolve to Enforce 2009 Bali Zoning Law.As reported by Bali Post, efforts by the vice-regent of Badung to forestall the abandonment of the Beach World Complex, despite recommendations to do so from the Bali House of Representatives...

Daihatsu Will Not Withdraw Investments

TEMPO Interactive, Jakarta:Daihatsu Motor Company Ltd will not withdraw its investment despite the devastating disasters in Japan, Daihatsu president director Koichi Ina said in a meeting with Vice President Boediono yesterday.

Industries Want 10 Percent Cocoa Duties

TEMPO Interactive, Jakarta:Businessmen in the cocoa processing industry say they will settle for a 10 percent cocoa tax. Therefore, according to the Indonesian Cocoa Industry Association chairman Pieter Jasman, cocoa duties will be the same as the VAT paid by the industry.

Central Java Gets Cruise Tourists

SEMARANG:The Central Java Culture and Tourism Office chief Maryanto will focus on attracting foreign tourists through cruises. This was seen to be the most effective way to increase international tourists.

RI`s exports to Mideast almost double in 2010

Jakarta (ANTARA News) - Indonesia`s non-oil/non-gas exports to the Middle East almost doubled to US$6.5 billion in 2010 from US$3.4 billion in 2005, a Trade Ministry official said.The exports hit a record high of US$7.

Japan pledges big projects in Indonesia despite disaster at home

Japan pledges big projects in Indonesia despite disaster at homeA senior Japanese government official said on Thursday that his government would continue the Japan-assisted infrastructure projects in Indonesia despite devastating disaster at home.

Analysis: Japanese jitters and jolts: What they mean for Ind

By Harry Su, Bahana SecuritiesAmid Japan’s jolt, the Indonesian market has held up well coming off just 0.3 percent since Friday even amid redemption from Japanese funds. The paralysis affecting Japan, particularly with possible radiation crisis, will mean slower global economic growth, but this...

Govt projects annual growth of 7 pct until 2014

Mamuju, West Sulawesi (ANTARA News) - The government has projected the domestic economy to expand by an average of 7 percent annually in the 2010-2014 period as envisaged in the second phase of medium-term development plan, an official said.