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Sat, 30 Jun 2007
Ban on RI airlines to EU deals blow to tourism sector
Originally Posted By: DilliWhat a heap of crap! How many of the airlines concerned can travel that far anyway. it's the domestic and short haul routes that are going to be hit, especially those connecting flights to places like bali.
Sat, 30 Jun 2007
Ban on RI airlines to EU deals blow to tourism sector
What a heap of crap! How many of the airlines concerned can travel that far anyway.
Sat, 30 Jun 2007
Ban on RI airlines to EU deals blow to tourism sector
Makassar (ANTARA News) - The European Commission`s plan to ban all 51 Indonesian airlines from flying to Europe will deal a major blow to the tourism sector as the region is the traditional market for the Indonesian tourism, an executive said.
Fri, 29 Jun 2007
Moody's gives thumbs up to RI economy
The chances of a rating upgrade are looking good for Indonesia, with Moody's Investor Service citing ongoing improvements in the macroeconomic situation and fiscal position, all of which are impacting favorably on the country's creditworthiness.
Fri, 29 Jun 2007
Govt planning to build 33,000 more solar power generators
Jakarta (ANTARA News) - The Indonesian government is planning to build 33,000 more solar power generators for 33,000 households living in remote areas, an Energy and Mineral Resources Ministry official said.
Thu, 28 Jun 2007
Indonesia Pushes Automotive Market to Australia
TEMPO Interactive, Jakarta: Indonesia will push the automotive market in free trade area (FTA) cooperation with Australia.The automotive sector is being pushed in order to reduce the trade deficit with Australia, which totals US$1 billion.
Thu, 28 Jun 2007
Infrastructure 'still a problem' for RI
The government has made substantial progress in establishing a policy framework for the Public-Private Partnership (PPP) initiative, but is not doing enough to advance it, an EU-Indonesia Infrastructure Forum has concluded.
Thu, 28 Jun 2007
Oz fertilizer firm eyes Aceh investment
Leading Australian fertilizer firm Incitec Pivot Ltd. (IPL) agreed Tuesday with two Indonesian partners to conduct a joint feasibility study on building a plant to supply three fertilizer plants in Aceh with feedstock, electricity and steam.
Thu, 28 Jun 2007
German investor interested in setting up seaweed-based industry
Manado (ANTARA News) - A German investor is interested in setting up an industry to produce high quality seaweed-based products like toothpaste, wine and ointment, a marine affairs official said."The investor also plans to cultivate seaweek," marine resources and fishery minister`s expert staff...
Wed, 27 Jun 2007
RI urged to get rid of fuel subsidies
Indonesia needs to stop subsidizing the sale of oil-based fuels and gas on the domestic market in order to make it more attractive to investors, the government has been told.The president of the International Energy Agency (IEA), Leonard L.
Wed, 27 Jun 2007
Negative Investment List disadvantageous to RI: EU envoy
Jakarta (ANTARA News) - European Union (EU) Ambassador to Indonesia Jean Breteche said the Negative Investment List (DNI) now being prepared by the government would disadvatage Indonesia because it restricted the entry of foreign investment."If over protected, Indonesia will become a closed state.
Wed, 27 Jun 2007
Massive Australian investment in Indonesia hinges on law change
Jakarta (ANTARA News) - Billions of dollars of Australian investment to Indonesia hinges on new legislation being passed through Indonesia's parliament, Australia's trade minister said during a visit here Tuesday.Trade Minister Warren Truss said that about 2.
Tue, 26 Jun 2007
Travel warning could harm business ties: Indonesia
Originally Posted By: ReutersIndonesian Trade Minister Mari Pangestu has met his Australian counterpart, Warren Truss, to flag her concerns.He? Mari Pangestu is SO OFTEN in Australia - visiting her son who attends Geelong Grammar School - that perhaps she could directly tell Australians not...
Tue, 26 Jun 2007
Indonesia hopes to attract Chinese visitors to Bali
The absence of a direct flight between China and the Indonesian famous resort island of Bali has hampered the government's effort to boost arrivals from China, an official said Monday.Flag carrier Garuda Indonesia serves routes to Chinese cities but has no direct flight between China and Bali as...
Tue, 26 Jun 2007
Indonesia welcomes foreign investment in petrochemical industry
Indonesia welcomes foreign investment in petrochemical industryMuhammad Lutfi, chairman of Indonesia's Investing Coordinating Board, said here Monday that foreign investors would be particularly welcome in the area of downstream value-adding derivatives in the petrochemical industry.
Tue, 26 Jun 2007
Indonesia and Australia to study possibility of free trade agreement
Following a recommendation from a joint expert group consisting of prominent business figures and academics from Indonesia and Australia, the two countries appear likely to now conduct a feasibility study on a free trade agreement (FTA).
Tue, 26 Jun 2007
Rajawali group to invest U$300 M - U$430 M in plantation, mining sector
Jakarta (ANTARA News) - Rajawali Corporation Group is to invest US$300 million - US$400 milion in the plantation and mining sectors after calling off its bid to become a strategic investor in national flag-carrier PT Garuda Indonesia, a spokesman said.
Tue, 26 Jun 2007
Travel warning could harm business ties: Indonesia
Indonesia has urged Australia to lift a travel advisory on the country, saying it could hamper commercial ties between the two countries at a time when they are trying to hammer out a free trade pact.The Federal Government has cautioned Australians about travelling to Indonesia, including Bali, due...
Mon, 25 Jun 2007
Shoemakers to Invest $31.8 M
Twenty-two shoe manufacturers plan to invest $31.8 million in Indonesia this year, an official said, according to Asia Pulse.Twenty of the investors are foreign companies from China, South Korea and Taiwan, director of multifarious industries at the industry ministry Nugraha Sukmawijaya said.
Mon, 25 Jun 2007
Indofood Agri to Spend $215m on Expansion
PT Indofood Agri-Resources, the plantation arm of conglomerate PT Indofood, will invest up to $215 million to boost its oil palm plantations and crude palm oil (CPO) refining capacity in the next two years.
Mon, 25 Jun 2007
Tax Law Passed by House
The House of Representatives on Tuesday (19/6/07) passed the new Taxation Arrangements and Procedures Law, an important step in a long-awaited process of revision of Indonesia’s three taxation laws.The law aims at creating a regulatory framework to make it easier for taxpayers to appeal official...
Mon, 25 Jun 2007
Shell targets more growth in Indonesian market
Shell targets more growth in Indonesian marketIka Krismantari, The Jakarta Post, JakartaSince the government opened Indonesia's downstream oil and gas business two years ago, the sector has attracted numerous new players interested in entering the market.
Mon, 25 Jun 2007
Indonesia to build textiles city in West Java
Indonesia to build textiles city in West JavaJakarta (ANTARA News/Asia Pulse) - The Indonesian government and private investors plan to make Majalengka in West Java a textiles city under a program to cost Rp1.7 trillion (US$190 million).
Mon, 25 Jun 2007
Indonesia needs $426 bln in investment between 2004 and 2009
Jakarta (ANTARA News) - Indonesia needs investment of 426 bln usd between 2004 and 2009 if is to hit its poverty reduction target, according to the chairman of the government's Investment Coordinating Board, Muhammad Lutfi.
Sun, 24 Jun 2007
A Delicate Balance of Power
Dependency on the Problem-ridden Java-Bali Power Grid Again Places Bali at Risk of Widespread Power Outages.(6/22/2007) Bali balances on the precipice of large scale brown-outs following malfunctions at a 5 major power generating stations in Java.
Sun, 24 Jun 2007
Indonesia`s PLN must increase power production capacity
Jakarta (ANTARA News) - Vice President Jusuf Kalla said state electricty company PT PLN must strive to increase its production capacity in Java and Bali in parallel with the continuous growth in social-economic acivities in the two islands.
Sat, 23 Jun 2007
The yoke of indirectness in the new economic package
But so many farmers sold their land (via brokers/agents) to tobacco firms - especially BAT - and their islands now have to import food. Worse, ex-farmers soon spend the money they got for their land, hence child malnutrition - even starvation (pronounced BUSUNG LAPAR) - is on the rise.
Sat, 23 Jun 2007
Australian tourists to Bali up by 50 percent
Denpasar (ANTARA News) - The number of foreign tourists flying on Indonesia`s national flag-carrier Garuda Indonesia from Australia to Bali had increased by 50 percent in the past few months compared to last year`s.
Fri, 22 Jun 2007
Branding Bali – Show Me the Money!
Bali News: Branding Bali – Show Me the Money!(6/17/2007) The visit of President Susilo Bambang Yudhoyono to Bali to formally open the month-long 29th Bali Arts Festival on Saturday, June 16, 2007 [See: 29th Bali Arts Festival] is also being used to launch a "Bali Brand" - the culmination of a...
Fri, 22 Jun 2007
Survey shows Indonesian SMEs to be reveling in optimism
Indonesian small-and-medium enterprises (SMEs) have the highest investment expectations among to their peers in eight Asian markets, plus Australia, according to a survey conducted by HSBC.The investment expectations survey, the first of its kind to be conducted by the London-based bank, indicates...
Fri, 22 Jun 2007
Indonesia to get 25 international sea ports
The government will develop 25 international ports over the next few years in order to facilitate the country's growing foreign trade in regions outside Java, a senior official at the Ministry of Transportation says.
Fri, 22 Jun 2007
Govt has five commitments to help MSMEs
Jakarta (ANTARA News) - Indonesia's Cooperatives, Small and Medium Entrepreneurs Minister Suryadharma Ali said there were five government commitments in helping micro, small and medium entrepreneurs (MSMEs).
Fri, 22 Jun 2007
Indonesia 2nd quarter GDP growth likely exceeded 1st quarter
Jakarta (ANTARA News) - The Indonesian economy likely grew more strongly in the second quarter than the first, on the back of higher levels of realized domestic and foreign investment, Coordinating Minister for the Economy Budiono.In the first quarter to March GDP rose 6.
Fri, 22 Jun 2007
Adhi Karya to up stake in derailed monorail project
I dont think there was any doubt about that kuku
Fri, 22 Jun 2007
Adhi Karya to up stake in derailed monorail project
just so that it's clear, PT. Adhi Karya is a state-owned construction company. thus, the state is bailing out the private investors, and, no doubt, raking off millions of dollars to their personal accounts in singapore in the process.
Thu, 21 Jun 2007
Adhi Karya to up stake in derailed monorail project
I think these towel heads are sheepish about investing because their studies show that thay won't reap any reward. Apparently, with a ticket price of approx. Rp.8000 a ride, not enough people will use it. Conclusion : INDOS ARE TOO POOR TO HAVE A FANCY MONORAIL.
Thu, 21 Jun 2007
Adhi Karya to up stake in derailed monorail project
Originally Posted By: Roy's hairwill someone just pull their finger out and build the fucker already do white elephants have to be finished before they can be called white elephants? i'm at a loss to know what transport problem this project is designed to solve.
Thu, 21 Jun 2007
Adhi Karya to up stake in derailed monorail project
will someone just pull their finger out and build the fucker already
Thu, 21 Jun 2007
Government told to improve investment climate in oil/gas sector
This is a repost or at least someone repeating the storyhttp://www.jakchat.com/forums/ubbthreads.php/ubb/showflat/Number/53599/page/2#Post53599
Thu, 21 Jun 2007
Government told to improve investment climate in oil/gas sector
Jakarta (ANTARA News) - The government must improve the oil and gas investment climate to increase the number of new oil drilling investors by amending Law No. 22/2001 which had so far hampered investment in oil drilling in Indonesia, an oil observer said.
Thu, 21 Jun 2007
Urgent need for better investment climate in coal sector
There are two interesting and important developments taking place on international and domestic coal markets. The first is the sharp increase in coal prices on the international market on the back of robust demand from China and India, while the second is the surge in domestic demand as the result...
Thu, 21 Jun 2007
Adhi Karya to up stake in derailed monorail project
State-owned construction firm PT Adhi Karya announced Wednesday it would spend Rp 225.9 billion (US$25.4 million) so as to increase its stake in PT Jakarta Monorail (JM), the consortium given the contract to develop the long-delayed Jakarta monorail system.
Wed, 20 Jun 2007
10 years after crisis, recovery is uneven; SKorea cruises, RI falls behind
BANGKOK (AP): Ten years ago, a plunge in the Thai baht sparked a wave of recessions across Asia's high-flying economies, bankrupting entire nations, putting millions out of work and shaking markets around the world. Some feared that a decade of growth would be lost.
Wed, 20 Jun 2007
Government Arranges Infrastructure Credit
TEMPO Interactive, Jakarta: The government will arrange domestic banking to finance infrastructure development.The policy will be included in the Government Regulation on Domestic Loans. This is a continuation of the Economic Policy for Advancing the Real Sector and Empower the Establishment of...
Wed, 20 Jun 2007
CDMA fast becoming GSM challenger; Which will prevail?
With the number of wireless telephone subscribers in Indonesia hitting 76 million people at the end of March 2007, how will the cellular landscape evolve going forward?Indonesia is one of the world's fastest growing wireless markets.
Wed, 20 Jun 2007
House finally enacts new tax law after two years
All ten factions in the House of Representatives agreed during a plenary session Tuesday to enact a new Taxation Arrangements and Procedures Law, with the government and lawmakers expressing the hope that it will place taxpayers and the tax service on a more equal footing.
Wed, 20 Jun 2007
Govt to reduce fuel subsidy spending by up to Rp 22.5t
The government is hoping that its program to replace heavily subsidized kerosene with liquefied natural gas (LPG), and reductions in the volume of Premium and diesel sales will enable it to reduce its fuel subsidy spending by up to Rp 22.5 trillion (about US$2.5 billion) in the 2008 national budget.
Wed, 20 Jun 2007
Commonwealth Bank controls Astra CMG Life`s 80% stake
Jakarta (ANTARA News) - The Commonwealth Bank of Australia (CBA) said on Tuesday it has bought 80 percent of Astra CMG Life`s shares from PT Sedaya Multi Investma (SMI), a subsidiary of publicly-listed automotive company PT Astra International.
Wed, 20 Jun 2007
Finance minister: new law on "KUP" may promote taxpayers` obedience
Jakarta (ANTARA News) - Finance Minister Sri Mulyani hoped the newly approved law on general arrangements and taxation procedures (UU-KUP) will be able to promote the obedience of tax payers and reduce manipulation by civil servants.
Wed, 20 Jun 2007
Malaysian firm builds rubber processing plant in Lampung
Way Kanan, Lampung (ANTARA News) - Malaysian-owned PT Merdec Siger Way Kanan is building a rubber processing plant at Gunung Sangkaran village in Way Kanan district, Lampung province, at a cost of Rp110 billion.