Indonesian Political, Business & Finance News

Archive: 5 April 2011

12 articles found

What Ails Indonesian Manufacturing?

Quoting: biznews Indeed, the regional autonomy laws that followed the transition to democracy created a constantly changing regulatory patchwork that even specialists have difficulty keeping up with. I would have given odds here that this article was about to devolve into an Okusi puff piece.

Japan`s demand for Indonesia`sidat increases

Jakarta (ANTARA News) - The Japanese demand for young `sidat` (eel, anguilla) fish from Indonesia is increasing after the country was recently hit by an earthquake and its subsequent tsunmai, a ministry official said. "The catching of sidat seeds in South Korea and Japan is being banned after the natural disaster while in Indonesia it is allowed," Ketut Sugama, director general for fishery affair, said here on Sunday.

KPI urges govt to limit employment of foreign seafarers

Jakarta (ANTARA News) - The Indonesian Seafarers Union (KPI) has urged the government to immediately limit the employment of foreign seafarers in the Indonesian-flagged ships to protect employment. KPI president Hanafi Rustandi in his press statement here on Monday said that it was estimated 70 percent of employment in the fishery sector was now held by foreign seamen such as from Thailand, Burma and Cambodia.

Special approach needed to move industries to places outside Java

Makassar (ANTARA News) - Trade minister Mari Elka Pangestu said a special approach was needed to move industries to places outside Java island. "A regional approach to economic growth centers could be made," she said at a national seminar here on Saturday. For that however infrastructure support would be needed such as roads, electricity and telecommunications, she said.

Industry Asks for 50 Percent Electricity Discount

TEMPO Interactive, Jakarta:Businessmen have asked for a 40 – 50 percent discount on electricity usage at night. “We need additional investments to move the work capacity from the peak burden to the evening,” Indonesian Textile Association chairman Ade Sudrajat, said yesterday. This request was in response to state electricity company PT PLN offering a 20 percent discount for companies to shift their electricity usage to the evening.

At Least 24 Big Ships Needed to Resolve Long Lines in Merak Cilegon

TEMPO Interactive, Jakarta:Thousands of trucks wanting to cross the Sunda Strait using roll on-roll-off boats from Merak harbor in Cilegon, Banten, to Bakaheuni Harbor in Lampung, South Sumatra must once again line up 11 kilometer-log. From Tempo’s observation, until 02:00 PM yesterday, the line stretched from Tangerang-Merak highway, exactly in kilometer 94 or 11 kilometer from the Merak harbor entrance.

Beef Processors Say Import Cuts Could Shut Them Down

By Francezka Nangoy A number of meat processing companies will be forced to close shop if beef supplies do not improve within the next two weeks, industry officials said. “Half of our members have submitted notice to the association that they will stop production if there is no more imported beef,” Haniwar Syarih, executive director of the National Meat Processors’ Association (Nampa), told the Jakarta Globe on Monday.

What Ails Indonesian Manufacturing?

By Bruce Gale - Straits Times Indonesia For Indonesia, manufacturing was the engine of growth in the 1980s and for much of the 1990s, thanks largely to a series of trade reforms following the end of the oil boom. Indeed, so fast was the growth that by 1991, the sector's contribution to gross domestic product (GDP) exceeded that of agriculture.

Bali profits from business of soul-searching

By Angela Dewan (AFP) UBUD, Indonesia - Being a Hindu yogi once meant renouncing worldly pleasures for a life of solitary meditation, wandering the jungle in search of union with god. Today, new-age yogis wander the globe from one retreat to another, stay in luxury hotels and preach to the converted masses through a headset microphone.

Indonesia's productivity push

INDONESIA'S coordinating Minister for the Economy Hatta Rajasa is encouraging a total agricultural productivity improvement, with work on both the agribusiness and agro-industry, he said last week. Indonesia is currently facing declining food supplies due to extreme weather. From 2008 to 2009, food production grew by more than five percent and by 2pc last year.

Palm Oil Export Strategy Changed

TEMPO Interactive, Jakarta:The government will change its palm oil industry export strategy, from only exporting raw material to exporting processed products. “In the future, 60-70 percent will be exported in its processed form,” said Coordinating Minister for the Economy, Hatta Rajasa, yesterday. Meanwhile, from a total export of US$ 157.5 billion last year, 10 percent was from the export of crude palm oil (CPO).

Organic fertilizer from aloe exported to Malaysia

Kuala Lumpur (ANTARA News) - Indonesia`s organic fertilizer from aloe in liquid form has reached the Malaysian market, and there are also plans to export it to Thailand, Myanmar and Cambodia after the signing of a sales agreement in Malaysia.