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Tue, 31 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Originally Posted By: MarmaladeWho cares? I found Lombok pleasant but dull. Now the Gili's... You may find it boring, but with an airport the size of Heathrow under construction, and the on-again, off-again resort project whose size would rival any resort in the world - Lombok is hardly boring from...
Tue, 31 Mar 2009
Indonesia’s robust agricultural sector provides food security
IRANGIKA RANGEIndonesia is no longer export-dependent and its robust agricultural sector has provided food security. That is why Indonesia is still in a position to achieve at least a four percent economic growth in spite of the global crisis, visiting Indonesian Foreign Affairs Minister Dr.
Mon, 30 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
I see there was a story from Antara saying the project was back up and running, though the story failed to mention Emaar even once. Nor did it say where the funding for the project was coming from.
Mon, 30 Mar 2009
Kadin calls for swift steps as economy under more pressure
Aditya Suharmoko A further downward revision of Indonesia’s forecast economic growth by the central bank shows the economy is under stronger pressure from the global financial crisis, the Indonesian Chamber of Commerce and Industry (Kadin) says, urging the government to take more rapid steps to...
Mon, 30 Mar 2009
Retail Market Leader Matahari Shines Despite New Regulations
While surveys in recent months have revealed a shift by shoppers from modern retail outlets to traditional markets since the global economic crisis started, Matahari, the country’s biggest department store chain, expects to buck the trend and grow sales by 20 percent this year.
Sun, 29 Mar 2009
100 UEA investors to visit Padang
I would imagine he's done his homework. However, he's a very irritable sort of fellow and after more than a decade in Singapore will find things tougher, somewhat, out in the Indonesian provinces.
Sun, 29 Mar 2009
100 UEA investors to visit Padang
Originally Posted By: Piss SalonIn Padang city.I see all the fish in Danau Maninjau died again. Why do the fish die? Is it high biological oxygen demand from fertilizer runoff? Or a weird hydrogen sulfide lake-burp? Anyway, as far as I can see they just scoop them up and make krupuk out of them.
Sun, 29 Mar 2009
100 UEA investors to visit Padang
In Padang city.I see all the fish in Danau Maninjau died again.
Sun, 29 Mar 2009
100 UEA investors to visit Padang
Where's the hotel? Coz Bukittingi area, only a couple of hours from Padang, is lovely.
Sun, 29 Mar 2009
100 UEA investors to visit Padang
Those scrappy little sandbars close to Padang are crap.Unless they mean the mentawais, which are fabulous but too far away to be practicable except for zealots dead keen on surfing and ethno-botany.
Sat, 28 Mar 2009
KPPU to Probe Claims of Carrefour Monopoly
i don't think circle K and indomaret have too much to worry about. they are among indonesia's best franchise stores. i'm certain they could match anything carrefour did through Alfa.
Sat, 28 Mar 2009
100 UEA investors to visit Padang
Padang (ANTARA News) - Some 100 investors from the United Arab Emirates (UEA) are expected to visit here late June to explore the possibility of investment, an official said.They would come to West Sumatra to see for themselves small islands off the provincial capital Padang, Padang Mayor Fauzi...
Sat, 28 Mar 2009
KPPU to Probe Claims of Carrefour Monopoly
The Business Competition Supervisory Commission, or KPPU, plans to investigate allegations of monopolistic practices by the local arm of French retail giant Carrefour SA, especially accusations that the retail giant charged the supermarket’s stall-holders “excessive” rental fees.
Sat, 28 Mar 2009
Officials: Economic Growth May Drop To 3% as Exports Tumble
The national economy may only grow by 3 percent this year because of problems caused by rapidly shrinking exports, which are expected to slump to record lows this year, two senior officials said on Friday.
Sat, 28 Mar 2009
RI feels the need for new international currency
Jakarta (ANTARA News) - Indonesia underlined the need for a new international currency for international transactions to reduce the highly unsafe financial sector in view of the strong dependence on the US dollar.
Fri, 27 Mar 2009
Investors Sought For $4.5 Billion in Government Projects
The State Ministry of National Development Planning announced on Wednesday that it was offering eight infrastructure projects worth a total of $4.5 billion to investors through joint government and private sector partnerships.The government said it could afford only about 30 percent of the Rp 1.
Fri, 27 Mar 2009
Medco Eyes Diverting Gas to Batam
A subsidiary of PT Medco is planning to divert as much as 49 billion British thermal units of gas per day initially planned for a power plant in Java to a power plant in Batam Island in Riau Islands Province, an official at the Energy and Mineral Resources Ministry said on Thursday.
Thu, 26 Mar 2009
Indonesian Embassy in Beijing to organize "Indonesia Week"
Beijing (ANTARA News) - The Indonesian Embassy in Beijing is scheduled to organize an "Indonesia Week" from June 16-21, 2009 in Wangfujing to promote investment, tourism, and trade among the Chinese public.
Wed, 25 Mar 2009
No letup in commitments, foreign business chambers pledge
Leaders of foreign chambers of commerce have ensured no letup in their commitment to Indonesia amid the current challenging times marked by a worsening global economic meltdown and general elections at home.
Wed, 25 Mar 2009
ASEAN to ink investment pacts with China, Korea
The Association of Southeast Asian Nations (ASEAN) may soon ink investment pacts with China and South Korea to boost economic integration.The pacts are part of a series of deals under ASEAN’s free trade agreements (FTA) signed withChina in 2005, and South Korea in 2006.
Wed, 25 Mar 2009
Major parties pledge equal treatment of investors
Major parties promised to treat foreign investors equally, although their representatives did not elaborate on whether they would maintain or revise business regulations.These include the list of sectors open to foreign investment and the limit of capital ownership, which is still being revised.
Wed, 25 Mar 2009
City has big plans in store for Kemang
Kemang in South Jakarta will be transformed into a modern kampung without high-rise buildings, the head of the city's spatial planning agency announced Tuesday.Wiriyatmoko said Kemang would be developed like Kuta in Bali, where sidewalk cafes, boutiques and homey restaurants lay side by side on a...
Wed, 25 Mar 2009
Foreign investors pledge support amidst economic crisis
Around 40 leaders of foreign chambers of commerce and industry have pledged to stay investing, or even expanding their businesses, in Indonesia despite the global economic crisis.The investors said they promised to expand their business and work together to weather the global economic crisis on the...
Wed, 25 Mar 2009
RI resolves rifts with China, mends ties
Erwida Maulia and Aditya Suharmoko, THE JAKARTA POST, JAKARTAIndonesia has moved quickly to resolve a string of business problems plaguing its relations with powerhouse China, a step deemed crucial at a time when Indonesia is struggling hard to survive the deepening global economic downturn.
Wed, 25 Mar 2009
Indonesian president asks foreign investors support to lessen crisis impact
Indonesian President Susilo Bambang Yudhoyono on Tuesday asked foreign investors to support Indonesia's economy to cushion the fallout of the global recession.The president said this in front of president directors and senior executives of foreign-invested companies in Indonesia at the State Palace.
Wed, 25 Mar 2009
Trade Ministry Positive Exporters Will Meet Targets
The European Union is still an important market for Indonesian non-oil and gas commodities, despite shrinking demand and tougher requirements on quality and standards, an official at the Trade Ministry said.
Wed, 25 Mar 2009
Local Business Leaders Give Thumbs Up to China Currency Swap
The local banking and business community has welcomed the $15 billion bilateral currency swap deal signed by Indonesia and China on Monday as a positive signal for business activities across the country.
Tue, 24 Mar 2009
SG’s misguided investment
The failure of state-owned PT Semen Gresik (SG), the country’s largest cement maker, to control its “renegade” PT Semen Padang subsidiary should be blamed partly for the flight of almost US$340 million capital when Mexico’s Cemex cement group quit Indonesia in 2006.
Tue, 24 Mar 2009
Asian imports point to `bottoming out` of world trade slump: WTO
Geneva (ANTARA News) - Growth in imports posted by major Asian trading nations in February may be a sign that a world trade slump is "bottoming out," the World Trade Organisation said Monday.Following successive months of decline, import data for China, Singapore, Taiwan and Vietnam...
Mon, 23 Mar 2009
Mining Potential is There, But Indonesia Needs to Look Harder, Analyst Says
Indonesia’s mining industry has the geological potential to reap benefits for another one hundred to 150 years, but the country needs to be more aggressive with its exploration, a mining consultant said this week.
Mon, 23 Mar 2009
Muhamad Al-Azhari Consumer Spending Needed To Offset Decline in Exports
Household consumption - the main engine of Indonesia’s economy - needs to grow at about 3.5 percent this year to compensate for negative growth of non-oil and gas exports and slowing investment, a official from the National Development Planning Board, or Bappenas said.
Mon, 23 Mar 2009
RI's online ad market to go bigger despite crisis: Yahoo
The Jakarta Post , Jakarta | Mon, 03/23/2009 1:22 PM | BusinessThe deepening global financial crisis may provide an opportunity for the online advertising industry in Indonesia to expand, Yahoo says.The US giant Internet service provider said that not only would promotions become more targeted and...
Mon, 23 Mar 2009
Biofuels for the poor
Johannes Simbolon , JAKARTA After being criticized for being slow to develop the local biofuel industry, the Indonesian government has finally issued two important policies; first, a decree issued last year obliging industries and the transportation sector to use biofuels; and second, its recent...
Mon, 23 Mar 2009
Indonesia not to let rupiah fall to help export
Aditya Suharmoko , THE JAKARTA POST , JAKARTA Indonesia is unlikely to follow the path taken by regional peers to allow the local currency to fall against the dollar to make exports more competitive amid slumping global demand: BI official says.Bank Indonesia (BI) deputy governor Hartadi A.
Mon, 23 Mar 2009
India explores investment opportunities in South Sulawesi
Indian Ambassador to Indonesia, Biren Nanda, met with South Sulawesi governor Syahrul Yasin Limpo to explore investment opportunities between the two countries in Makassar on Monday."South Sulawesi holds a very important role in Indonesia.
Sun, 22 Mar 2009
Indonesia resources sector and foreign involvement
March 22 (Reuters) - Indonesia has some of the world's top reserves of energy and minerals, although in recent years it has struggled to attract enough investment to maximise development of rich deposits that include coal, gas, copper and nickel.
Sun, 22 Mar 2009
Indonesia's Sinar Mas defends palm oil expansion
JAKARTA (Reuters) - Sinar Mas Group, one of Indonesia's top palm oil growers, denied on Friday accusations that its activities were damaging the environment and said it would stick to plans to expand its plantations.
Sun, 22 Mar 2009
Indonesia resource nationalism stirs before polls
JAKARTA (Reuters) - As Indonesia heads for elections, some politicians are taking a more nationalist line on the country's vast natural resources, a move that could scare off much-needed foreign capital amid the global credit crunch.
Sun, 22 Mar 2009
Indonesia signs over 2m hectares of farmland to Saudi
Saturday, 21 March 2009Indonesia will allocate at least two million hectares (4.9m acres) of farm land to joint ventures with Saudi investors, to be used mainly for the cultivation of rice, a Saudi newspaper reported on Saturday.
Sat, 21 Mar 2009
Villa Phobia in Bali? Bali-Based Writer Says Balinese Fear Villa Invasion with Threaten Island's Culture and Economy
Bali-Based Writer Says Balinese Fear Villa Invasion with Threaten Island's Culture and Economy.(3/21/2009) Writing for the AAP NewsWire, Bali-based writer Marion Carrol published a provocative article saying that the Balinese are calling on their government to halt the current villa boom in order...
Sat, 21 Mar 2009
Plan to open Indonesia trade promotion center in Shanghai canceled
Originally Posted By: Piss SalonWHAT FUCKING REGULATION MOTHERFUCKERS the regulation forbidding Indonesian Trade Promotion Centres in Shanghai, you moron! i mean, it isn't half obvious, is it?
Sat, 21 Mar 2009
Plan to open Indonesia trade promotion center in Shanghai canceled
The center could not be established in Shanghai because of a new regulation ...."We had planned to open the ITPC in Shanghai but because of a new regulation ....She said the plan to establish ITPC in Shanghai would not be realized because of a new regulation ....
Sat, 21 Mar 2009
Japanese Investors Eye Purbalingga
TEMPO Interactive, Purbalingga:A number of Japanese investors intend to invest in food production in Purbalingga regency. “At least 171 Jpanese companies are interested in investing in crystal coconut sugar produced by Purbalingga,” said Djoko Triwinarso, Purbalingga Secretariat spokesperson,...
Sat, 21 Mar 2009
Indonesia`s Utd Tractors sees big fall in heavy equipment sales
Jakarta (ANTARA News/Asia Pulse) -- Heavy equipment sales by PT United Tractors (JSX:UNTR) totaled only 439 units in February down 48.83 per cent from the same period last year.Declines were recorded in sales to all sectors including agribusiness, construction, mining and forestry sectors, Ari...
Sat, 21 Mar 2009
Plan to open Indonesia trade promotion center in Shanghai canceled
Beijing (ANTARA News) - Indonesia has canceled its plan to open Trade Promotion Center (ITPC) in Shanghai and is now looking for another Chinese city where the center can be set up.The center could not be established in Shanghai because of a new regulation issued by the local government, visiting...
Fri, 20 Mar 2009
Exports may plunge 28% this year: BI
Aditya Suharmoko, THE JAKARTA POST, JAKARTA The central bank on Thursday painted a bleak picture of the country's economy, forecasting non-oil and gas exports to plunge by as much as 28 percent this year, as the world economy dives into negative growth for the first time since World War II.
Fri, 20 Mar 2009
Binani Cement soon to ink deal with Indonesian coal mine
Kolkata, March 19 : Cement manufacturer Binani Cement is in the last stage of finalising a deal with an Indonesian coal block for long-term mining rights, a top official said here Thursday."We will finalise the deal very soon.
Fri, 20 Mar 2009
MSE Earthstone resources acquires 100 per cent economic rights of coal tenement in Indonesia
Jakarta (Indonesia) Mar 18 (Business Wire India): MSE Earthstone Resources FZC, part of Earthstone Group, a diversified mining company, today announced the acquisition of 100 per cent economic rights for coal tenement extensively spread over 2,560 Hectares in the thermal coal resource region of...