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Wed, 31 Mar 2010
Many Import Documents are Forgeries
TEMPO Interactive, Jakarta:The Directorate General of Customs and Excise have found numerous violations using fictitious Certificates of Origin following the free trade agreement. As of early this year, at least 53 cases with false certificates of origin have been found in Tanjung Perak harbour,...
Wed, 31 Mar 2010
NGO’s Reject Palm Oil Plantation Revitalization Plan
TEMPO Interactive, Balikpapan:A number of environmental NGOs united to reject the government’s plan to revitalize palm oil plantation in Indonesia. According to the NGOs, revitalization is seen to put palm oil farmers at a disadvantage.
Wed, 31 Mar 2010
Indonesia woos investors
* Indonesia demanded attention as the rest of the world plunged into crisis in 2008-09, growing at 4.5 per cent last year, third only after China and India in the Group of 20 industrialised and developing countries.
Wed, 31 Mar 2010
RI new horizon for plant relocation from China
Indonesia is now one of the “new horizons” for foreign companies in China planning to relocate plants inland or outside the country because of rising labor and logistics costs, a survey by the American Chamber of Commerce in Shanghai showed.
Wed, 31 Mar 2010
SBY promises fund to raise local goat breed
President Susilo Bambang Yudhoyono promised on Wednesday to allocate state budget next year to help five East Java regencies breed local goats as a leading cattle industry, Antara reported.“Insya Allah [God willing] we will set aside a budget to develop the cattle industry,” Yudhoyono told...
Wed, 31 Mar 2010
Telkom injects another $2 m to plasa.com
Bandung, W Java (ANTARA News) - State telecommunications operator PT Telkom Indonesia has decided to inject another US$2 million to develop its e-commerce plasa.com portal site."We need huge investment to develop plasma.com through a transformation program we have launched.
Tue, 30 Mar 2010
Follow the money: $400 million Indonesia commitment has players scurrying
In Indonesia, the news came fast and furious over the week on the heels of a $400 million commitment by the World Bank’s Trust Fund Committee of the Clean Technology Fund (CTF) to help transform Indonesia’s use of renewable energy endorsed.
Tue, 30 Mar 2010
India Interested in Geothermal Investment in Indonesia
TEMPO Interactive, Mumbai:The Biggest Utility Sector Company from India, Tata Power, has revealed its interest in investing in geothermal power plants (PLTP) in Indonesia.In the short term, Tata Power is targeting a production potential of up until 1,500 MW.
Mon, 29 Mar 2010
Rempang and Galang islands demand recognition
Quoting: biznewsRempang and Galang islands demand recognition Ok.
Mon, 29 Mar 2010
Indonesia's reform hampered, but still moves ahead
JAKARTA, March 29 (Xinhua) -- The hope is high that the Indonesian government led by re-elected President Susilo Bambang Yudhoyono could continue to push for reform plans, although the progress may not run as smoothly as expected.
Mon, 29 Mar 2010
US – Indonesia economic ties, in search of synergy
The pros and the cons of President Barack Obama’s visit to Indonesia attracted my attention to the new form of economic relations the United States and Indonesia should be pursuing.As a woman who grew up in a naturally rich land in the most controversial province in Indonesia, I had seen...
Mon, 29 Mar 2010
Indonesia's food estate project sparks environment concerns
Jakarta - Indonesia's ambitious plan to turn large swathes of fertile land in the easternmost region of Papua into a food estate has sparked concerns about potential forest destruction and the marginalisation of small farmers.Under the project expected to start this year, 1.
Mon, 29 Mar 2010
Lampung’s geothermal plant ready for auction
The West Lampung administration plans to auction the management of the Suoh-Sekincau geothermal power plant next month to help solve energy shortages in the province, says an official.Regent Mukhlis Basrim said that the power plant was ready for auction following the decision from the Energy and...
Mon, 29 Mar 2010
Rempang and Galang islands demand recognition
The Batam city administration in Riau Islands has urged the Home Ministry to immediately determine the management rights of Rempang, Galang and other surrounding islands.The current power vacuum in the management of the islands, which is contested by the Batam Industrial Development Authority...
Mon, 29 Mar 2010
Indonesia Must Welcome Foreign Investors for Economy to Fulfill Potential: Experts
The government must ease restrictions on foreign investors and overcome fears about opening up domestic markets to access the massive amounts of funding needed to build crucial infrastructure and stimulate growth, analysts, foreign envoys and government officials have said.
Sun, 28 Mar 2010
Singapore firm to invest in Bengkulu jatropa plantation
Bengkulu (ANTARA News) - A Singapore company intends to invest Rp175 billion in a 5,000-hectare jatropa curcas plantation in Bengkulu province, a local official said.In the first stage the Singapore investor would open a 1,000-hectare plantation at Pino Raya in South Bengkulu district at a cost of...
Sun, 28 Mar 2010
Jakarta Traditional Sellers Protest Carrefour Domination
TEMPO Interactive, Jakarta: Dozens of small scale traders and street pedllers have protested on Friday (26/3) court acquittal of trade monopoly indictment against french retailer Carrefour in a rally in the capital.
Sun, 28 Mar 2010
Bali Seeks US$243 Million in New Investments for 2010
Bali Looks for Investors to Build Roads and Power Plants.(3/27/2010) The provincial government of Bali is seeking Rp. 2.29 trillion (US$243.6 million) in new investments for 2010. The ambitious target for the current year is nearly twice the Rp. 1.
Sat, 27 Mar 2010
Cirebon plans to develop organic farms
The regency administration in Cirebon, West Java, has allocated 10,000 hectares of land for organic farms, an official announced Friday.Local agriculture agency head Ali Effendi said 400 farming communities would be trained in several stages over the next five years to manage the organic farms.
Sat, 27 Mar 2010
Modern, legal mining poses minimum risk to environment
JAKARTA, March 27 (Xinhua) -- Rebutting criticism by environmentalists, some officials said that mining could pose minimum risk to environment as long as it is conducted legally with modern equipment and in-depth study.
Sat, 27 Mar 2010
Sri Mulyani Unveils Indonesia's New Tax, Customs Watchdog
Finance Minister Sri Mulyani Indrawati stepped up her drive to reform the tax and customs directorates on Friday by inaugurating a new regulatory body called the Taxation Supervisory Committee.“This committee should be the voice of taxpayers but also can help ensure the important role of taxation...
Fri, 26 Mar 2010
The Jakarta office market: Full recovery ahead?
The impact of the financial crisis that struck the global economy in mid-2008 has shown some signs of improvement. For those affected economies, the contraction has slowed, owing to the various government stimulus packages that have helped spur domestic demand.
Fri, 26 Mar 2010
China urged to back joint ventures in RI
Indonesia is urging China to invest here instead of mainly being a trader, and to back a “win-win solution” in the implementation of the free trade agreement between ASEAN and China (ACFTA).Industry Minister Mohamad Suleman Hidayat said Thursday that during the visit of Chinese Prime Minister...
Fri, 26 Mar 2010
Indonesia and Hong Kong sign tax treaty
Jakarta (ANTARA News/Asia Pulse) - Indonesia and Hong Kong have signed a new tax agreement to avoid double taxation and prevent tax evasion, an official of the finance ministry said.Under the agreement signed Tuesday, Indonesia will reduce taxes on Hong Kong investors' income in dividends,...
Fri, 26 Mar 2010
Indonesia`s rubber plantations expected to grow to 3.8 mln ha
Jakarta (ANTARA News/Asia Pulse) - Indonesia's rubber plantations are expected to expand by 300,000 hectares to 3.8 million hectares this year. Both state and private plantation companies plan expansion boosted by an increase in the rubber price in the world market, an official of the agriculture...
Fri, 26 Mar 2010
Japanese carmakers keen to produce eco-friendly cars in Indonesia
JAKARTA, March 26 (Xinhua) -- Indonesian Industry Minister M.S. Hidayat said that four Japan major automobile producers have expressed keen interest to join the government's program to produce eco-friendly and low-cost cars, local media reported here Friday.
Fri, 26 Mar 2010
Wanted: About $100b a Year in Indonesian Private Sector Investment
Quoting: biznews"We’ve got to make sure that people know more about Indonesia other than the demonstrations, terrorism, tsunamis, floods and earthquakes that they read about in newspapers. That needs to be changed.” That's a bit unfair.
Fri, 26 Mar 2010
Wanted: About $100b a Year in Indonesian Private Sector Investment
Indonesia needs $90 billion to $100 billion of private sector investment from 2010-14 if the country is to achieve its target of 7 percent annual growth, the chairman of the Investment Coordinating Board said on Thursday.
Fri, 26 Mar 2010
Dubai Group Ready to Start $1b Rail Project in Indonesia
dubai and vice presidents ... it'll all end in tears, mark my words.
Fri, 26 Mar 2010
Dubai Group Ready to Start $1b Rail Project in Indonesia
MEC Holdings, a subsidiary of the Dubai-based Trimex Group, said on Thursday that it had completed acquiring land for its $1 billion railway project in East Kalimantan and is ready to begin construction in the first half of this year.
Fri, 26 Mar 2010
Investment board admits difficulty to lure foreign investors
Quoting: KuKuKaChu"Maybe we need to open more Indonesian restaurants and send more workers to [the US and Europe]," he said as quoted by kompas.com. "They could promote Indonesia and show that the Indonesian economy has changed." oh dear.
Fri, 26 Mar 2010
Investment board admits difficulty to lure foreign investors
The Investment Coordinating Board (BKPM) admitted Thursday that it was difficult to lure investors from the U.S. and European countries to invest in Indonesia.BKPM head Gita Wirjawan said the declining number of Indonesian workers and students in the U.S.
Fri, 26 Mar 2010
Industry Department Welcomes Cheap Car Plans From Japan
TEMPO Interactive, Jakarta: Industry Department said it is planning to draft a legal basis to facilitate production and trade of efficient and affordable vehicles as Japanese automakers are said to have prepared business plans for cheap and green cars in Indonesia.
Fri, 26 Mar 2010
Socialization key to reduce fear for ACFTA, says Chinese envoy
Jakarta (ANTARA News) - Chinese Ambassador to Indonesia Zhang Qiyue said socialization and education are very important to Indonesian and Chinese people to overcome concerns about the negative impact of the ASEAN-China Free Trade Agreement.
Fri, 26 Mar 2010
Trade ministry to speed up licensing procedures
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said her ministry had set itself the target of creating an online registration and license-issuing system over the next five years."At present, we are already using a national single window system whereby trade licenses are processed in...
Fri, 26 Mar 2010
Expatriate workers restricted under CAFTA
Semarang (ANTARA News) - The Ministry of Manpower and Transmigration will restrict the employment of expatriates in Indonesia in relation to the implementation of the China-ASEAN Free Trade Agreement (CAFTA) as of January 1, 2010.
Thu, 25 Mar 2010
VP says RI needs infrastructure development without delay
Looking forward: Vice President Boedion delivers a speech at the Indonesia Summit, an economic discussion hosted by Economist Conferences, in Jakarta on Thursday. Boediono stressed the need to add and upgrade infrastructure "without delay" to accelerate growth to 7 percent...
Thu, 25 Mar 2010
P says RI needs infrastructure development without delay
Looking forward: Vice President Boedion delivers a speech at the Indonesia Summit, an economic discussion hosted by Economist Conferences, in Jakarta on Thursday. Boediono stressed the need to add and upgrade infrastructure "without delay" to accelerate growth to 7 percent...
Thu, 25 Mar 2010
RI needs $100b from private sector, BKPM says
Indonesia has to raise about US$100 billion in private investment in the 2010-2014 period to develop infrastructure projects required to reach a 7 percent growth annually, the Investment Coordinating Board (BKPM) says.
Thu, 25 Mar 2010
VP outlines Indonesia`s investment policy
Jakarta (ANTARA News) - Vice President Boediono outlined Indonesia`s policy priorities and vision to the world in his opening remarks in the 2010 Indonesia Summit, here, Thursday.The Vice President stated that he was not satisfied with Indonesian performance in the world despite the fact that...
Thu, 25 Mar 2010
Liquor free from luxury sales tax starting April 1
Quoting: KuKuKaChuAnd as our economy has become intensively globalized and our country more popular as a tourist destination, we will inevitably be the host to a rising number of foreigners. Exactly. "Visit Indonesia Year 2010 and Have A Nice Glass of Ribena".
Thu, 25 Mar 2010
Indonesia ‘has become a good place for investment’
Foreign direct investment is flowing into Indonesia, now considered an attractive investment destination, says a senior economist.The Economic Intelligence Unit (EIU) Corporate Network Director Ross O’Brien said in Jakartaon Wednesday that a lot of investment that was held back during the recent...
Thu, 25 Mar 2010
Liquor free from luxury sales tax starting April 1
Freeing the liquor tradeThe Jakarta Post | EditorialThe policy measures taken by Finance Minister Sri Mulyani Indrawati and Trade Minister Mari Pangestu in the importation, distribution and levying of alcohol drinks are greatly sensible, making the country more hospitable to foreigners.
Thu, 25 Mar 2010
Thailand Eyes New Autopart Plants in Java: Investment Board
TEMPO Interactive, Jakarta: Thailand businesses expressed their interests in setting up autoparts plants in Java in the near future, the Investment Coordinating Board said on Wednesday (24/3).Head of the agency Gita Wirjawan told a press conference in Jakarta said “They are keen in building car...
Thu, 25 Mar 2010
Cargill considers dropping palm oil supplier
Greenpeace Urges Nestle Cut All Sinar Mas ConnectionsTEMPO Interactive, Jakarta: Greenpeace Southeast Asia said that contract cancellation with one of Indonesia’s largest palm oil producer Sinar Mas is not enough and the food producer have to cut itschain supply related to Sinar Mas.
Thu, 25 Mar 2010
Cargill considers dropping palm oil supplier
Cargill, the world’s largest trader of agricultural commodities, has become the third company to reconsider its relationship with a top Indonesian palm oil supplier over allegations it is tearing down protected forests to make way for plantations.
Thu, 25 Mar 2010
Liquor free from luxury sales tax starting April 1
Indonesia's Tax Hike on Alcohol ‘to Fuel Black Market’by Irvan TisnabudiIndonesia is likely to see higher prices for alcoholic beverages and more black market trading as a result of the government’s decision to effectively replace the luxury tax on alcohol with a higher rate of excise tax,...
Thu, 25 Mar 2010
Indonesian Internet Penetration Expected to Skyrocket
Indonesia’s online population grows 49 percent annually As more Indonesians come online, the communications influence of the world’s fourth-largest population increasingly will be felt.Washington - Indonesia is “on the brink of a major electronic revolution,” says one of the country’s...
Thu, 25 Mar 2010
Panasonic to relocate overseas factories to Indonesia
Japanese electronics manufacturer Panasonic Corporation plans to relocate factories in Japan and Vietnam to Indonesia sometime this year, the Investment Coordinating Board (BKPM) said Wednesday.Panasonic will build factories outside Java island, with an estimated investment between US$40-45...
Wed, 24 Mar 2010
Liquor free from luxury sales tax starting April 1
Quoting: KuKuKaChuHe added that because the issue was related to health, consumption should be limited, as with cigarettes. The tax on cigarettes is increased by 10 percent to 30 percent yearly.What a load of shite!! They are still miles cheaper than anywhere else in the world and almost all...