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Fri, 25 Feb 2011
Epson opens new factory in Cikarang
PT Indonesia Epson Industry, a subsidiary of Japan-based Seiko Epson Group (SEG), launched its new plant at EJIP industrial estate in Cikarang, Bekasi, West Java, on Friday.SEG director Hagata Tadoaki said that the company wanted to boost its production capacity to more than double by 2012 by...
Fri, 25 Feb 2011
Coal, Metal Export Permits Added to Deal With Backlog
Indonesia, the world’s top supplier of thermal coal, has issued more trading permits that will allow traders to export coal and metals stuck at ports since January, an energy ministry official said.The Energy and Mineral Resources Ministry has awarded a total of 101 trading licenses, an increase...
Fri, 25 Feb 2011
Inflation Shouldn’t Curb Office Demand in Business District
Analysts and industry players expect demand for office space in Jakarta’s central business district to continue growing this year as landlords take rising inflation and other costs into account.Real estate consultancy Cushman & Wakefield said in a report on Wednesday that many landlords...
Fri, 25 Feb 2011
President Urges Jakarta Governor to Act Fast on Infrastructure
TEMPO Interaktif, Bogor:President Susilo Bambang Yudhoyono called on the Jakarta City administrators to solve its problems before 2020. “A significant improvement must be realized before 2014. It does not mean that governor Fauzi Bowo must wait until 2020.
Fri, 25 Feb 2011
Paliudju Governor Gives Ultimatum to PT Inco
TEMPO Interactive, PALU:Central Sulawesi Governor H.B. Paliudju has given an ultimatum to PT International Nickel Corporation (Inco) to conduct mining activities in Morowali regency, especially in the Bahodopi and Kolonodale blocks.
Fri, 25 Feb 2011
Govt to focus on seaweed cultivation in 33 districts
Jakarta (ANTARA News) - The government will focus on seaweed cultivation in 33 districts classified as disadvantaged regions in seven provinces."The focus on seaweed cultivation will be made by five ministries and Investment Coordinating Board (BKPM) to speed up economic development in...
Fri, 25 Feb 2011
Japan shows interest in Indonesia`s infrastructure market
Jakarta (ANTARA News) - Japan trough its external trade wing has shown interest in Indonesia`s transportation infrastructure market which is valued at 120 billion US dollars until 2014."In the transportation field, we project that Indonesia will need a fund of about 120 billion US dollars for...
Fri, 25 Feb 2011
Govt assures French businessmen on legal certainty
Jakarta (ANTARA News) - Vice President Boediono has assured visiting French businessmen that the government would give them legal certainty if they are serious to expand their business in the country."He has directly conveyed it to the French businessmen and we will safeguard them, give them...
Fri, 25 Feb 2011
RI, France to step up bilateral trade growth
Jakarta (ANTARA News) - Indonesia and France have agreed to step up the growth of their two-way trade to twice its present rate of 5.0 percent per year considering that there were plenty of opportunities to do so."The value of bilateral trade with France was only 2.
Fri, 25 Feb 2011
10 new hotels in Jakarta this year
and it's gonna be 10 hotels will be built in 2011that's what I read on batavia.co.idhmmm...so that's why now a lot of graves disassembled and become residential
Thu, 24 Feb 2011
Metrodata, Taiwanese IT Company Finalize Distribution Joint Venture
Metrodata Electronics, an Indonesian information technology company, is looking abroad for help as it tries to expand its portfolio.Through its subsidiary, Metrodata e-Bisnis, the telecommunications and consumer electronics distributor announced a joint venture with Taiwan-based Synnex Technology...
Thu, 24 Feb 2011
Old Gadgets Find New Life on Batam
Batam. At least once a week, Indonesian Tamrin Khairul, 34, makes a trip to Singapore and returns with new purchases such as computers, TV sets and Xbox game consoles.Except that these items are not new - they are used electronic goods he buys from second-hand shops in Serangoon Road.
Thu, 24 Feb 2011
Palm Oil Firms Demand Clarity Over Land Use
Rising commodity prices are driving palm oil producers to find more land to boost output, but doing so in Indonesia may be too difficult, some producers claim.Sime Darby, the world’s largest listed palm oil producer, wants to acquire more land, including in Indonesia, the world’s top producing...
Thu, 24 Feb 2011
Govt thinking of setting up six economic corridors
Makassar, South Sulawesi (ANTARA News) - Indonesia plans to set up six corridors to accelerate development and economic expansion across the country, vice governor of South Sulawesi, Agus Arifin Nu`mang, said here on Wednesday.
Thu, 24 Feb 2011
Buleleng port attracting Indian investor
Denpasar, Bali (ANTARA News) - An Indian investor has been interested in investing in the construction of Bali`s Buleleng international airport, an official said."The investor which is grouped in the Indian construction firm GVK Group, expressed its interest during a meeting with Bali Governor...
Wed, 23 Feb 2011
SBY to inaugurate Treasure Bay development in Bintan Islands
President Susilo Bambang Yudhoyono is scheduled to officially launch the construction of an integrated tourism area known as Treasure Bay in the Lagoi resort area of Bintan Island, Riau Islands, on Saturday.
Wed, 23 Feb 2011
10 new hotels in Jakarta this year
Jakarta can expect to see 10 new hotels opening this year, ranging from one-star to five-star establishments, all of which are currently under construction, the Jakarta Hotels and Restaurants Association says.
Wed, 23 Feb 2011
Govt Yet to Fully Support Biogas Project
VIVAnews - The Indonesian Chamber of Commerce pointed out that matters on energy in household, transportation and industrial sectors must be shortly put into consideration. The agency believes that biogas may become one of the alternatives taking into account its environmentally friendly...
Wed, 23 Feb 2011
Indonesian Govt to Set Up Economic Hub
VIVAnews - New economic hub is underway in Indonesia as the government plans to accelerate and expand the national development. Coordinating Minister for the Economy Hatta Rajasa will address the Working Meeting on the Acceleration and Expansion of National Economic Development about the masterplan...
Wed, 23 Feb 2011
Wilmar says Indonesian downstream investment likely over
SINGAPORE Feb 23 (Reuters) - Singapore-listed palm oil firm Wilmar International said its planned $900 million investment in Indonesia is likely to be disbursed over three years."Every year we invest about $200-300 million in Indonesia, so this investment may be spread out over a number of...
Wed, 23 Feb 2011
Lotte says mulling $5 bln Indonesia petchem investment
SEOUL Feb 23 (Reuters) - South Korea's Lotte Group is considering investing as much as $5 billion to build a petrochemical plant in Indonesia, a Lotte Group official said on Wednesday, confirming an earlier Reuters report.
Wed, 23 Feb 2011
With Improved Infrastructure, Economy can Grow 7.6 Percent
TEMPO Interactive, Jakarta:Indonesian economy could grow up to 7.6 percent from 2011-2014 if the government increases its spending for transportation infrastructure by 20 percent each a year.Another requirement is that private sector participation should be increased to 50 percent.
Wed, 23 Feb 2011
Food Scarcity Threaten Industries
TEMPO Interactive, Jakarta:The chairman of the National Soy Council, Benny A. Kusbini, said that the industry sector, especially the small and medium industries, are worried of the food scarcity threat this year.
Wed, 23 Feb 2011
Govt to develop biogas for small industry
Jakarta (ANTARA News) - The government will develop biogas technology as an energy source for small and medium scale industries, a senior official said.Director General for Small and Medium Industries Euis Saedah said here on Monday that biogas could serve as a solution to the use of efficient...
Wed, 23 Feb 2011
Thailand, RI to cooperate in agricultural business
Surabaya, East Java (ANTARA News) - A number of Thai envoys invited private businessmen in East Java for cooperation in agricultural business aimed at strengthening bilateral partnership between the two countries, the Thai Ambassador to Indonesia said here Monday (Feb 21).
Wed, 23 Feb 2011
2011 economic growth projected at 5.5 pct
Tanjung, S Kalimantan (ANTARA News) - The regency administration of Tabalong, South Kalimantan, has projected a 5.5 percent economic growth in 2011 with a poverty rate decline of an average of 1 percent per year.
Wed, 23 Feb 2011
South Korea’s Lotte to Build $5b Petrochemical Project in Banten
South Korea’s Lotte Group is planning to invest up to $5 billion in a petrochemical project in Banten province, with construction expected to start next year.“We will start the feasibility study to develop a petrochemical project in Merak, Banten province, this year.
Wed, 23 Feb 2011
Indonesia ‘Solid Pick’ To Be the Next BRIC
Dismissing the findings of a global conference that Turkey would be the next to join the rising economic powers of Brazil, Russia, India and China, analysts said Indonesia had far more potential given its resources and population but needed reforms to stay in the running.
Tue, 22 Feb 2011
Indonesian President Outlines `Illnesses` Behind Development Program's Failure2011
Bogor. President Susilo Bambang Yudhoyono conceded on Monday that the country’s development program had failed at the national and regional levels, outlining five reasons for the deficiency.Speaking prior to a meeting at the Bogor Palace to draw up a master plan for the acceleration and extension...
Tue, 22 Feb 2011
Domestic Demand, Rising Food Prices Drive Investment in Palm Oil Sector
Rising food prices and a government drive to develop Indonesia’s commodity processing sector will lure more firms to invest in palm oil products in the world’s top maker of the oil, despite erratic power, bad roads and aging ports that complicate the task of processing and moving goods.
Tue, 22 Feb 2011
Indonesia Orders Utility Listrik Negara to Buy Geothermal Power
Indonesia has ordered state-owned utility PT Perusahaan Listrik Negara to buy power from the country’s geothermal plants to support investment in the alternative energy source.Jakarta-based Listrik Negara is required to buy geothermal power at a maximum of 9.7 U.S.
Tue, 22 Feb 2011
Indonesian Govt to Set Up Economic Hub
VIVAnews - New economic hub is underway in Indonesia as the government plans to accelerate and expand the national development. Coordinating Minister for the Economy Hatta Rajasa will address the Working Meeting on the Acceleration and Expansion of National Economic Development about the masterplan...
Tue, 22 Feb 2011
US bizmen appreciate RI`s improved investment climate
Jakarta (ANTARA News) - United States businessmen appreciate the improved investment climate and the removal of many investment barriers in Indonesia.The appreciation was expressed by members of a US-ASEAN Economic Cooperation Council delegation at a meeting with President Susilo Bambang Yudhoyono...
Tue, 22 Feb 2011
Indonesia to strive to reduce exports of raw materials
Bogor, West Java (ANTARA News) - Indonesia plans to reduce exports of raw materials through efforts to process the materials at home to increase the value of its exports.Chief economic minister Hatta Rajasa made the statement at a press conference held on the sidelines of the government`s working...
Tue, 22 Feb 2011
Taiwan continues to encourage bizmen to invest in RI
Taipei (ANTARA News) - Taiwan continues to encourage its business people to invest in Indonesia as the economic power has been moving from the West to the East including to Indonesia, an official at the Council for the Economic Planning and Development (CEPD), Taiwan, said here recently.
Thu, 17 Feb 2011
S. Korea forms special team to boost investment in RI
South Korea has formed a special team to focus on boosting economic and investment cooperation with Indonesia in response to a request from President Susilo Bambang Yudhoyono.The request was conveyed Wednesday morning in Seoul to South Korean President Lee Myung-bak through a letter handed over by...
Thu, 17 Feb 2011
Indonesia aims to boos tourism by 30 percent
Indonesia is targeting to draw more tourists from fellow ASEAN country members and boost the number by nearly 30 percent this year.Chrismiastutie, deputy director for ASEAN at Indonesia's Culture and Tourism Ministry, said Wednesday in Jakarta that the country was targeting to boost the number to 3.
Thu, 17 Feb 2011
The Bali Zoning Debate Bali Tries to Find a Balance Between Profit, Development and Cultural Preservation in Debating
Bali Tries to Find a Balance Between Profit, Development and Cultural Preservation in Debating Island-Wide Zoning Regulation.A leading Balinese voice on environmental and legal issues, Professor Sr. I.G.N.
Thu, 17 Feb 2011
List of South Bali Buildings Governor Wants Demolished
More Than 25 Structures on Governor Pastika's List of Building Standing Too Close to Bali's Uluwatu Temple.A formal letter from Bali's governor Made Mangku Pastika to the regent of Badung has identified at least 25 villas and hotels under threat of demolition if the 2009 Zoning Law (RTRW) is...
Thu, 17 Feb 2011
Battle Lines Forming in Bali Zoning War
Be worried. Be genuinely worried.At the risk of being branded an alarmist, we view the growing controversy over zoning in Bali as a potential tinder box that, if handled incorrectly, could grow into a pitched battle with tragic consequences for the people and the island of Bali.
Thu, 17 Feb 2011
Foreign Advertising Agencies Dominant in Bali
TEMPO Interactive, Denpasar:Almost half of advertising businesses in Bali is starting to be dominated by foreign advertising companies. Yet, the market is only one percent of the total national advertising spending.
Thu, 17 Feb 2011
Govt sets investment target for 2011 at Rp240 trillion
Padang, West Sumatra (ANTARA News) - The Investment Coordinating Board (BKPM) has set a target of investment for 2011 at Rp240 trillion compared to Rp208 trillion last year.The 2011 investment target represented a significant increase compared to 2009 when investment reached Rp135 trillion, BKPM...
Thu, 17 Feb 2011
US hopes Indonesia to create integrated market
Jakarta (ANTARA News) - US businessmen grouped in the US-ASEAN Business Council hope Indonesia as current chair of ASEAN could create an integrated market in the region."US companies are hoping for an integrated market in Southeast Asia that would make them easy to expand their businesses in...
Thu, 17 Feb 2011
S Korean firms to invest US$12 bln in Indonesia
Seoul (ANTARA News/Yonhap/OANA) - South Korean companies plan to invest US$12 billion in Indonesian business sectors such as steel, power production and distribution, the government said Wednesday.The Ministry of Knowledge Economy said the investment plan, unveiled at a bilateral meeting of senior...
Wed, 16 Feb 2011
Finland helps Indonesia with renewables
JAKARTA, Feb. 15 (UPI) -- The government of Finland offered Indonesia a $5.38 million grant to help run a program that would advance the use of renewable energy resources, an envoy said.The countries signed an agreement to encourage the use of wood and other agricultural residues as a source of...
Wed, 16 Feb 2011
Entrepreneurs support govt plan to ban raw fish exports
The Indonesian Fisheries Processing and Marketing Entrepreneurs Association has voiced its support for the government’s plan to ban exports of raw fish.Association chairman Thomas Darmawan said Tuesday the value of raw fish was lower than that of processed products because the former could be...
Wed, 16 Feb 2011
After tax holidays, what next?
Government Regulation No. 94/2010, which was instituted early this year, has paved the way for tax holidays. Companies may now be granted income tax exemptions or reductions for several years if they make new investments in pioneer industries, that is, industries with linkages to others, that...
Wed, 16 Feb 2011
Govt urged to control mushrooming mini-markets
Jakarta (ANTARA News) - House of Representatives (DPR) Deputy Chairman Taufik Kurniawan urged the Trade Ministry on Tuesday to deal with the uncontrolled growth of mini-markets all over the country."If they are not controlled they will threaten small businesses and create unsound business...
Wed, 16 Feb 2011
Govt offers Keidanren cooperation to develop infrastructure
Jakarta (ANTARA News) - Industry Minister MS Hidayat has offered Japanese companies cooperation to develop infrastructure facilities in the country`s six economic corridors.The minister offered the cooperation during a meeting with Japanese businessmen grouped in the Japanese chamber of commerce...
Wed, 16 Feb 2011
US NGO defends RI palm oil industry
Jakarta (ANTARA News) - An American non-governmental organization (NGO) has come out in defense of Indonesia`s palm oil industry, saying it contributes to the country`s and world`s economic growth and food security.