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Mon, 31 May 2010
Indonesia: Confident economy
While many European countries are struggling to avoid slipping back into recession, being dragged down by the deepening debt crisis engulfing the eurozone, one of the main problems facing the Indonesian economy appears to be how to avoid growing too far, too fast.
Mon, 31 May 2010
Indonesian energy-economy potentials, challenges
Indonesia is endowed with considerable energy resources, both fossils and renewable. With our resource wealth, strategically located close to East Asian industrial nations and openness to international trade, we have seen over the last three to four decades that Indonesia a world class exporter of...
Mon, 31 May 2010
Singapore-Malaysia industrial estate affects Batam trade zone
Tanjungpinang, Riau Islands (ANTARA News) - The industrial cooperation between Malaysia and Singapore could disadvantage the Batam, Bintan, Karimun Free Trade Zone (FTZ), a noted businessman said."The development of the Johor Bahru Iskandar Muda industrial zone by Singapore`s Temasek and...
Sat, 29 May 2010
Three companies from Dubai ready to invest in Indonesia
Three companies from Dubai, United Arab Emirates, have again underlined their readiness to invest and open new plants in tire industry, automobile battery and gold mining in Indonesia.The readiness to do business in Indonesia by the three companies -- Al Badiya (Bristol), Moafaq Al Ghadah (MAG)...
Sat, 29 May 2010
Malaysia Interested in Banyuwangi Sea Weed
TEMPO Interactive, Surabaya:Malaysia has started to notice the potential of sea Weed in Banyuwangi, East Java.A Malaysain food producer, PT Adabi, recently conduct a survey on sea weed (Eucheuma Cottoni) at the production center in Wongsorejo Sub-district, Banyuwangi.
Sat, 29 May 2010
Ireland to develop investment in Indonesia
Jakarta (ANTARA News) - Irish Ambassador to Indonesia Richard O`Brian has said his country would increase bilateral cooperation with Indonesia in the field of economy and business, trade, and investment.
Thu, 27 May 2010
Australia's cattle trade with Indonesia under question
Quote:MOTTRAM: The demand for imports last year reached 1.1 million cattle, and we imported about 600,000, when the real need is only 400,000, the minister said.so, indonesia imported 200,000 more cattle "than it needed" just for the fun of it, at at least USD500 per head.
Thu, 27 May 2010
Australia's cattle trade with Indonesia under question
Australia's lucrative live cattle exports to Indonesia is under question, after a shipment of more than two-thousand Australian cattle was last weekend declared to have an invalid import permit. Australia denies there was a permit problem but Indonesia's agriculture ministry has warned Australia...
Thu, 27 May 2010
US Trade Mission in Indonesia Ahead Of Obama's Visit
"Energy is the defining issue of our time. It is the one issue, more than any other, that will shape the fate of our planet, our economies and our nations," said Gary Locke, US Secretary of CommerceU.S.
Thu, 27 May 2010
Firms to Build Biodiesel Plant
PT Adaro Energy, the nation’s second-biggest coal producer, will team up with PT United Tractors and Komatsu to build a biodiesel plant.Fuel from the plant will power some of Komatsu’s dump trucks operating at Adaro mines, said Cameron Tough, head of investor relations at Adaro.
Thu, 27 May 2010
Policy Reform Needed to Realize Nation’s Green Dream
Indonesian officials acknowledged on Wednesday that much work remained to be done to reduce obstacles to investment in the country’s clean-energy sector, but also touted recent efforts to support development, especially of geothermal energy, and affirmed the government’s commitment to the use...
Thu, 27 May 2010
Red Tape Blocks Clean Energy Investment in Indonesia: US
Red tape, conflicting regulations and legal uncertainties keep US companies from investing in clean-energy projects in Indonesia that could help reduce carbon emissions and fight global warming, US Commerce Secretary Gary Locke said during his visit on Wednesday.
Thu, 27 May 2010
Indonesia Astra forecasts record vehicle sales in 2010
JAKARTA, May 26 (Reuters) - Indonesia's largest automotivedistributor, PT Astra International Tbk (ASII.JK), said onWednesday it expects record high 2010 car and motorcycle salesas consumer demand increases, driving its shares up 10 percent.
Thu, 27 May 2010
US Seeks Renewable Energy Projects in Indonesia
TEMPO Interactive, Jakarta: US Trade Minister Gary Locke told reporters in Jakarta day that the US government is currently venturing different types of alternative energy projects powered by renewable sources like the solar and wind.
Thu, 27 May 2010
Jakarta, Washington discuss energy cooperation
Jakarta (ANTARA News) - Economic Coordinating Minister Hatta Rajasa said Indonesia and the United States are discussing investment cooperation in renewable energy replacing alternative energy in the years ahead."We discussed renewable energy and investment.
Wed, 26 May 2010
Yahoo buys mobile social network provider Koprol
Yahoo! Ready to Acquire Other StartupsBefore locking up Koprol, Yahoo! tried to secure news portal Kapanlagi.com. VIVAnews - Yahoo! is ready to acquire other local startups in Indonesia after it announced the acquisition over Koprol, a location-based social network.
Wed, 26 May 2010
Indonesia warned of opposition to reform
The departing Indonesian finance minister has warned that economic and democratic successes in south-east Asia’s largest economy are in danger of being “hijacked” by vested interests opposed to reform.
Wed, 26 May 2010
RI, US to boost trade in green products
Jakarta (ANTARA News) - Indonesia will cooperate with the US to increase trade in green products to support efforts in achieving their targets of gas emissions reduction, it was learned here on Tuesday.
Wed, 26 May 2010
Yahoo buys mobile social network provider Koprol
Though Yahoo may have wanted to buy Foursquare, the company has found another way to hook into the world of location-based social networking.Yahoo announced Tuesday that it has bought Koprol, a social network for mobile users.
Tue, 25 May 2010
Accor to open 16 new hotels in Indonesia by 2012
International hotel operator Accor plans to open 16 new hotels across Indonesia by 2012 to support its expansion plan in the country’s growing hotel industry, says an executive of the hotel chain.Accor chairman and CEO for the Asia Pacific, Michael Issenberg, said in Jakarta on Monday that one of...
Tue, 25 May 2010
Indonesia's FDI Won’t be Slowed by Euro Debt Crisis: BKPM
The European debt crisis is unlikely to stall the recent acceleration in foreign direct investment in Indonesia, the chairman of the Investment Coordinating Board chairman said on Monday.Gita Wirjawan said he remained upbeat Indonesia could sustain healthy growth in FDI during the second quarter,...
Tue, 25 May 2010
Panasonic Prepares US$100 Mn for Factories
VIVAnews - PT Panasonic Global Energy Indonesia will invest US$100 million to improve the factory's capacity this year.According to Chief Commissioner of Panasonic Gobel Indonesia, Rachmat Gobel, the fund will be used to expand with refrigerator, television, battery, and washing machine factories.
Tue, 25 May 2010
President calls for continuous attention to food resilience
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has called for continuous national attention to food resilience despite the country`s success in achieving self-sufficiency in a number of prime food commodities.
Tue, 25 May 2010
Sasol expected to invest in RI after Sept
Jakarta (ANTARA News) - South Africa`s minning company Sasol is expected to decide whether or not to invest US$10 billion in Indonesia after it has completed a feasibility study in September, an official said."The company is expected to complete its feasibility study in September 2010.
Tue, 25 May 2010
China, HK investments in Indonesia up after ACFTA`s signing
Jakarta (ANTARA News) - Capital Investment Coordinating Board (BKPM) Chief Gita Wirjawan said Chinese and Hong Kong investments in Indonesia increased during the 2003-2009 period or after the signing of the ASEAN-China Free Trade Agreement (ACFTA).
Tue, 25 May 2010
Indonesia to go ahead with free trade deal with India
JAKARTA, May 24 (Xinhua) -- Indonesian government will go ahead with the implementation of another free trade agreement with India despite strong opposition from local industries, the Jakarta Post quoted a minister as saying on Monday.
Tue, 25 May 2010
Indonesia Rising: What a Difference a Decade Makes
Singapore. Indonesia is the big winner as Southeast Asia’s investment landscape is transformed, with politics driving the tectonic shifts in market perceptions.Thailand, the archetypal Asian tiger long a favored destination for global conglomerates and emerging markets investors, is increasingly...
Tue, 25 May 2010
Kalimantan Coal Rail Project Runs Into Cost Delay
A $1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of the integrated project uncovered an estimated $700 million in additional costs, a senior national planning official said on Monday.
Tue, 25 May 2010
Bumper Year Predicted for Indonesian Coal
Reva Sasistiya & BloombergThe country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as producers look to take advantage of higher prices, the Indonesian Coal Producers Association said on Monday.
Mon, 24 May 2010
Handal Expanding To Indonesia
JAKARTA, May 24 (Bernama) -- With a track record of having delivered offshore pedestal cranes with zero defect and zero warranty call-outs, Handal Offshore Services Sdn Bhd (Handal), is now expanding its business to Indonesia.
Mon, 24 May 2010
Transparency International Indonesia Doubts New finance Minister
TEMPO Interactive, Jakarta: International anti-graft watchdog the Transparency International Indonesia has doubted the new Finance Minister pledge to continue inquiries into tax violations by big businesses especially that of Aburizal Bakrie, which brought Sri Mulyani down from her office.
Mon, 24 May 2010
Indonesian Palm Oil Producers Put Faith in Govt Standards
Indonesian palm oil growers hope a new environmental certification system being launched by the government soon will help to counter the widespread perception that producers here are damaging the environment.
Mon, 24 May 2010
Indonesia finance minister promises reforms, swift start
JAKARTA, May 23 (Reuters) - Indonesian new finance minister has said he expects a swift start to the job and to continue reforms driven by his predecessor without fear of political pressure, Indonesian newspaper Rakyat Merdeka reported on Sunday.
Sun, 23 May 2010
Bali Tax Men to Target Two-Car Garages?
Bali Eyeing a Progressive Tax to Penalize People Owning Multiple Motor Vehicles.(5/22/2010) Bali's administrators are considering introducing a progressive tax that will affect people owning more than one motor vehicle.
Sun, 23 May 2010
Bali Economic Update Bali by the Numbers
Bali by the Numbers: Strong Growth in Bali's Economy and Rising Per Capita Incomes Achieved in 2009.(5/22/2010) Antara, the national news agency, reports that Bali's economy is recovering nicely form the world wide economic crisis and benefiting from the buoyant local tourism industry.
Sun, 23 May 2010
Govt optimistic investment to reach rp2,200 trillion
Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa expressed optimism here on Friday that investment would be able to reach Rp2,200 trillion this year."We are optimistic we can draw up to Rp2.
Sun, 23 May 2010
Govt to promote growth of five prioritized industries
Jakarta (ANTARA News) - The government is promoting the growth of five prioritized industries considered able to become the engine for the industry to grow more than seven percent in 2014.Industry Minister MS Hidayat said here on Friday the four prioritized industries are manufacturing, processing,...
Sat, 22 May 2010
Oil and Gas Players Grow Pessimistic: Survey
VIVAnews - In the past months, a number of players in oil and gas industry viewed Indonesia as a promising country for oil and gas investment. However, the view has been altered, as concluded by PriceWaterhouseCoopers Indonesia (PwC) after a survey conducted over the companies which represent 68...
Fri, 21 May 2010
Target to Make Batam Special Zone Not Realized
TEMPO Interactive, Jakarta:The target to make Batam, Bintan, Karimun (BBK) into special economic zones has not been achieved. “It should have been realized in 2009, but the plan failed due to the global crisis,” said Trade Minister Mari Elka Pangestu at the World Expo press conference at the...
Fri, 21 May 2010
TSH to expand acreage in Indonesia
KUALA LUMPUR: TSH RESOURCES BHD is looking at expanding its PLANTATION acreage in Indonesia, and is currently scouting around the central and East Kalimantan regions for large tracts of land that are reasonably priced."We are looking for green fields.
Fri, 21 May 2010
RI, S'pore to jointly promote Batam free trade zone
The Indonesian and Singaporean governments have agreed to jointly promote the Batam, Bintan and Karimun (BBK) free trade zone, in Riau Islands province in a bid to lure more international investors.Trade Minister Mari Elka Pangestu said in Jakarta on Thursday that the partnership in the promotion...
Fri, 21 May 2010
How Indonesia should prepare for the AEC
The CAFTA (China-ASEAN Free Trade Agreement) is widely opposed in Indonesia because there are strong fears here that Chinese products will severely damage the country’s economy. But as the implementation of the ASEAN Economic Community (AEC) is only five years away,we need to start paying it the...
Fri, 21 May 2010
European Crisis to Threaten Indonesia by 2011
VIVAnews - Sri Mulyani Indrawati assumed the economic crisis in Europe may threaten economic threat to Indonesia in 2011.This is considering the progress of debt crisis in several countries in the continent.
Fri, 21 May 2010
Indonesia determines to improve record on intellectual rights
JAKARTA, May 20 (Xinhua) Indonesia has set a target to exit by October this year from the priority watch list of intellectual property rights violators, set by the United States Trade Representatives (USTR), a government official said Thursday.
Fri, 21 May 2010
Beijing businessman to run hotels in Maluku
Ambon (ANTARA News) - A Beijing investor is interested in running hotels in Maluku which has many interested tourist objects and destinations, and build a star-rated hotel in there.He told the head of the Maluku investment coordination agency (BKPMD) Rahman Soumena here Thursday that the foreign...
Thu, 20 May 2010
Rising Indonesia
Few people in India are aware that India and Indonesia are geographically contiguous, sharing a settled maritime boundary. The last island in the Andaman and Nicobar chain is only 80 kilometres from the first island of the Indonesian archipelago.
Thu, 20 May 2010
Counterfeits Cost Indonesia $4 Billion Annually: Study
Indonesia is awash with counterfeit products, with losses in various sectors of the economy estimated at Rp 37 trillion ($4 billion) a year, according to a new study by the University of Indonesia and the Indonesian Anti-Counterfeiting Society.
Thu, 20 May 2010
Provincial govt set to receive relocated Chinese industries
Jakarta (ANTARA News) - The Palu city administration, Central Sulawesi, expressed readiness to accept the relocation of Chinese medium-sized industrial enterprises in the next five years."We have already started land procurement in stages for the Chinese investment in the next five years.
Wed, 19 May 2010
Indonesia Intends to Become Halal Products centre
TEMPO Interactive, Jakarta:Indonesia intends to become the halal products and services centre of the world.The market and cultural potential on this is quite large.“There is a big market demand for halal products.
Wed, 19 May 2010
Govt to Build Gas-Based Economy
The government will issue policies that will prop up the domestic consumption system.VIVAnews - Indonesian Vice President Boediono said the future potential which will support the economy lies on gas. Therefore, the Indonesian government will build gas-based economy.