Indonesian Political, Business & Finance News

Archive: 9 March 2011

9 articles found

Bali Back to Coffee

Restoring Bali's Coffee Industry Can Bring Economic Advances and Reduce Landslides and Erosion.Kompas reports that the government of Bali is undertaking aggressive steps to revitalize the island's coffee growing industry both as a means of improving the economic welfare of its citizens and also as...

The Grapes of Wrath

Poor Market and High Production Costs Causing North Bali Farmers to Abandon Their Grape Vineyards.North Bali's once thriving grape growing industry is now threatened with near extinction. Bali Post reports that many grape farmers are choosing to either abandon their vineyards or to dig up their...

Fewer Cruise Ships Headed to Indonesia

Cruise Visits Down as Bali Port at Tanah Ampo Still Not Ready to Receive Large Ships.The number of cruise ship visits to Indonesia in 2011 is put at only 31, a decline from the numbers projected last year due to the cancellation of planned ship visits to Bali and Komodo.

Indonesia Coal Areas Have Infrastructure Hurdles, WoodMac Says

Indonesia’s new coal supply areas in South Sumatra and the Wahau field must overcome infrastructure limitations to help meet demand from emerging markets including India, according to Wood Mackenzie Consultants Ltd.

Bali ’s import drops by 44 percent

Bali saw a sharp drop of its import in January this year, which was valued at US$7.04 million, down by 44 percent from January last month.The figure also decreased by 77 percent compared to December 2010, Head of the Bali Statistics Central Bureau Gede Suarsa said in Denpasar on Tuesday,...

Indonesian Govt May Curb Film Importers

VIVAnews - Ministry of Finance calls down on film importers to pay Rp 30 billion ($3.4 million) of import tax on film royalties and could have to pay up to 10 times the owed amount on March 12, 2011, at the latest.

Heavy Equipment Investment Valued at US$1 Billion

TEMPO Interactive, Jakarta:Budi Dharmadi, the Director General of Technology Based-Industry at the Industry Ministry, has targeted an investment of US$ 1 billion in heavy equipment for the next 4-5 years. The investment is expected to bring about 8 to 9 percent of industrial growth per year.

Australian Minister to Visit Indonesia

Jakarta (ANTARA News) - Australian Minister for Agriculture, Fisheries and Forestry, Senator Joe Ludwig, will visit Indonesia this week for his first overseas trip to talk on agriculture, trade and food security.

SOE Minister to Reject Foreign Investment in the Defense Industry

TEMPO Interactive, Jakarta:The State-owned Enterprises (SOE) Minister Mustafa Abubakar rejects foreign investment in the defense industries, especially those considered strategically important. The industries he meant are weapons and ammunition producer PT Pindad, ship builder PT PAL, explosive...