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Wed, 30 Mar 2011
RI must boost exploration, says mining association
By Rangga D. FadillahIndonesia needs spend between US$500 million and $1 billion each year to fund exploration activities, to maintain the current level of mineral resource production, the Indonesian Mining Association announced on Tuesday.
Wed, 30 Mar 2011
Australian Investors Interested in Investing in the Indonesian Mining Sector
Australia continues to explore investment in Indonesia. Investors from Australia, intending to invest in the mining sector Indonesia. With a mastery of technology in the fields of mining, the existence of Australian mining companies are expected to support the development of mining in the country...
Wed, 30 Mar 2011
Govt to maximize use of new energy
Jakarta (ANTARA News) - The government will maximize the use of new and renewable energy, especially geothermal, hydro-energy and bio-fuels, before deciding to use nuclear energy.Energy and Mineral Resources Ministry`s Director General for Renewable Energy and Energy Conservation Luluk Sumiarso...
Tue, 29 Mar 2011
Local computer producers demand fair deal
Local computer manufacturers have urged the government to scrap import duties on IT components, as they are competing against imported finished products from countries that have free-trade agreements with Indonesia, particularly China.
Tue, 29 Mar 2011
Australian Firms Ready to Bring Mining Expertise to Indonesia
As part of its commitment to its comprehensive economic partnership with Indonesia, Australia is set to share its expertise in the mining sector during the two-day Ozmine conference, which starts on Tuesday.
Tue, 29 Mar 2011
Planning Bali's Future by the Rules
Bali Governor Poised to Implement and Enforce the 2009 Zoning Law.Despite resistance and refusals from regents and mayors in Bali to his 2009 Zoning Law (RTRW), governor Made Mangku Pastika has reaffirmed that he will soon be consistently and rigorously implementing the law.
Tue, 29 Mar 2011
Polyester Producer Pledges Billions in Push to Diversify
By Camelia Pasandaran Thailand-based polyester producer Indorama Ventures plans to invest as much as $5.2 billion in the energy sector and establish a new factory in Indonesia, its chief executive said on Monday.“We want to make a new investment in Indonesia.
Tue, 29 Mar 2011
French firms eyeing USD 10 billion of investment in Indonesia
It is reported that Indonesia could see upwards of USD 10 billion in investment from an unexpected source as French companies expressed interest in participating in infrastructure and energy projects. French investment only played a minor role in the country in recent years.
Tue, 29 Mar 2011
Govt to Probe into RIM's Alleged Tax Case
"If they have not paid any tax, we'll ask for its collection"VIVAnews - Indonesian Finance Minister Agus Martowardojo said in a statement that he would probe allegations that Blackberry producer Research in Motion (RIM) did not pay tax to the Indonesian government.
Tue, 29 Mar 2011
Indonesia Develops Wind-generated Electricity
TEMPO Interactive, Jakarta:State electricity company PT PLN will optimize wind power to be the energy source of power plants. This year, PLN is targeting alternative power development in three areas. “The areas are Singkil, Sumba, and Sukabumi," said Nasri Sebayang, PLN’s planning and...
Tue, 29 Mar 2011
Govt needs Rp 10 trillion investment in drinking water
Jakarta (ANTARA News) - The government is preparing two million house connections of drinking water with an investment of Rp10 trillion in 2011, Drinking Water Development Director of Urban Directorate General of the Public Works Ministry Danny Sutjiono said here Tuesday.
Tue, 29 Mar 2011
Australia to hold mining expo in Jakarta
Jakarta (ANTARA News) - Australia`s mining expertise will be on show at OZMINE 2011, Austrade`s largest international mining exhibition and conference in Asia, which will be held in Jakarta at the Shangri La Hotel on 29 - 30 March 2011.
Tue, 29 Mar 2011
President Yudhoyono supports sustainable palm oil business
Jakarta (ANTARA News) - Cabinet Secretary Dipo Alam said President Susilo Bambang Yudhoyono (SBY) strongly supported sustainable palm oil business operations."President SBY strongly supported palm oil business operations," Dipo Alam said in a press statement received here Friday.
Tue, 29 Mar 2011
RI`s per capita income 600 pct up in 10 years
RI`s per capita income 600 pct up in 10 yearsBrebes, C Java (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa said here Friday per capita income in Indonesia has risen 600 percent in the last 10 years, noting that economic conditions had been much better these days.
Tue, 29 Mar 2011
N Sulawesi exports coconut flour to Australia
Manado, N. Sulawesi (ANTARA News) - North Sulawesi province would have exported 25 tons of coconut flour to Australia in March, a local government official said here Monday."The total worth of coconut flour export is expected to reach US$45,920," Head of North Sulawesi province`s foreign...
Mon, 21 Mar 2011
Jasa Marga gears up for property business
From: The Jakarta Post, JakartaState toll way operator PT Jasa Marga is gearing up to enter the property sector this year, and says it has prepared Rp 150 billion (US$17.1 million) for the early investment.
Mon, 21 Mar 2011
Just Sitting on the Dock in the Bay, Wasting Time
Just Sitting on the Dock in the Bay, Wasting TimeTanah Ampo International Port Project in Bali Needs More Funding to Handle Large Cruise Ships.Kompas reports that both governor Made Mangku Pastika and the regent of Karangasem Wayan Geredeg share the opinion that the international port project at...
Mon, 21 Mar 2011
Bali Agriculture at the Crossroads
Farm Lands and Agricultural Workers - Do They have a Place in Bali's Future?Each year the amount of agricultural land in Bali continues to decline with thousands of hectares converted to other purposes.Rapid growth in Bali's tourism sector is a major cause of Bali's loss of farming land.
Mon, 21 Mar 2011
RI forms 12 models of comprehensive economic cooperation
Makassar, S Sulawesi (ANTARA News) - Indonesia has so far signed 12 comprehensive economic cooperation agreements with other countries aimed at increasing its foreign trade, a Trade Ministry official said.
Mon, 21 Mar 2011
South Sumatra to be made into economic zone
Palembang, South Sumatra (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa said Tanjung Api-api, Banyuasin, South Sumatra, will be made into a special economic zone where industries and a seaport will be built.
Fri, 18 Mar 2011
W. Nusa Tenggara to boost its seaweed, corn, cattle industries
From: The Jakarta PostWest Nusa Tenggara is preparing to develop its seaweed and corn production and its cattle industry after the central government appointed the province one of the centers for the nation’s food production.
Fri, 18 Mar 2011
Indonesia Could Read Investment Grade in 12 Months: Fitch
From: The Jakarta GlobeBy Dion Bisara & Muhamad Al Azhari Indonesia may see its sovereign ratings upgraded to investment grade in less than 12 months, a top executive from Fitch Ratings announced on Thursday.
Fri, 18 Mar 2011
4,700 bylaws 'troubled', hamper investment in regions
From:The Jakarta Post Over 4,700 bylaws issued in the past decade are considered “troubled” in that they threaten regional investment climates.The Committee for the Supervision of Regional Autonomy Implementation (KPPOD) said 4,741 bylaws of more than 13,000 bylaws issued in the past decade...
Fri, 18 Mar 2011
Governor to Move Against Zoning Violators?
Nusa Dua Beach World Complex May Prove Litmus Test for Governor's Resolve to Enforce 2009 Bali Zoning Law.As reported by Bali Post, efforts by the vice-regent of Badung to forestall the abandonment of the Beach World Complex, despite recommendations to do so from the Bali House of Representatives...
Fri, 18 Mar 2011
Daihatsu Will Not Withdraw Investments
TEMPO Interactive, Jakarta:Daihatsu Motor Company Ltd will not withdraw its investment despite the devastating disasters in Japan, Daihatsu president director Koichi Ina said in a meeting with Vice President Boediono yesterday.
Fri, 18 Mar 2011
Industries Want 10 Percent Cocoa Duties
TEMPO Interactive, Jakarta:Businessmen in the cocoa processing industry say they will settle for a 10 percent cocoa tax. Therefore, according to the Indonesian Cocoa Industry Association chairman Pieter Jasman, cocoa duties will be the same as the VAT paid by the industry.
Fri, 18 Mar 2011
Central Java Gets Cruise Tourists
SEMARANG:The Central Java Culture and Tourism Office chief Maryanto will focus on attracting foreign tourists through cruises. This was seen to be the most effective way to increase international tourists.
Fri, 18 Mar 2011
RI`s exports to Mideast almost double in 2010
Jakarta (ANTARA News) - Indonesia`s non-oil/non-gas exports to the Middle East almost doubled to US$6.5 billion in 2010 from US$3.4 billion in 2005, a Trade Ministry official said.The exports hit a record high of US$7.
Fri, 18 Mar 2011
Japan pledges big projects in Indonesia despite disaster at home
Japan pledges big projects in Indonesia despite disaster at homeA senior Japanese government official said on Thursday that his government would continue the Japan-assisted infrastructure projects in Indonesia despite devastating disaster at home.
Fri, 18 Mar 2011
Analysis: Japanese jitters and jolts: What they mean for Ind
By Harry Su, Bahana SecuritiesAmid Japan’s jolt, the Indonesian market has held up well coming off just 0.3 percent since Friday even amid redemption from Japanese funds. The paralysis affecting Japan, particularly with possible radiation crisis, will mean slower global economic growth, but this...
Fri, 18 Mar 2011
Govt projects annual growth of 7 pct until 2014
Mamuju, West Sulawesi (ANTARA News) - The government has projected the domestic economy to expand by an average of 7 percent annually in the 2010-2014 period as envisaged in the second phase of medium-term development plan, an official said.
Thu, 17 Mar 2011
Helping Business Do Business is Booming in Indonesia
As foreign investors continue to swarm Indonesia, local businesses assisting them in the process of setting up shop have also seen their businesses boom.Security and business intelligence firms, lawyers and management consultants are reaping the benefits as foreign firms go through them to seek out...
Thu, 17 Mar 2011
Govt Gets Serious about Infrastructure
TEMPO Interactive, Jakarta:The Indonesian Chamber of Commerce and Industry (Kadin) chairman, Suryo Bambang Sulisto, says the government’s decision to lower interest rates shows it is serious about developing infrastructure.
Thu, 17 Mar 2011
Supreme Energy Explores Geothermal
TEMPO Interactive, Jakarta:Supreme Energy has prepared US$ 200 million to explore three geothermal mining working areas (WKP).“I hope the contract can be signed in April or May,” said Supreme Energy CEO, Supramu Santosa, yesterday.
Thu, 17 Mar 2011
Cocoa Association Protests Tariffs
TEMPO Interactive, Jakarta:The Indonesian Cocoa Association chairman Zulhefi Sikumbang has called on the government to revise cocoa duties to Rp500 to support local farmers and exporters."Only major companies such as Cargill and Olam can compete with progressive tariff rates," said...
Thu, 17 Mar 2011
Brown Sugar Exports to Japan Lost
TEMPO Interactive, Kediri:Brown sugar businessmen in Kediri, East Java, have lost their orders from Japanese importers following the tsunami last Friday. It is unknown when the situation return to normal.
Mon, 14 Mar 2011
VP: Govt improving transparency of investment regulations
Boediono said among the step already taken by the government was revising negative list of investment by increasing transparency and more importantly, improving competitive edge and services. Perth, Australia (ANTARA News) - Visiting Vice President Boediono said the Indonesian government is...
Mon, 14 Mar 2011
RI`s exports to Japan may be disrupted
Antara, Jakarta A 8.9-magnitude earthquake that rocked Japan and unleashed a 10-meter high tsunami may have the potential of affecting Indonesia`s exports to Japan, an official said."So exporters, importers and business world alike should be patient or switch to new markets other than...
Mon, 14 Mar 2011
RI exports, imports may be affected by Japan disaster
By Esther Samboh,Jakarta Indonesia’s exports and imports with Japan may be impeded by the recent massive earthquake and tsunami that resulted in damaged infrastructure in mainly coastal parts of the archipelago.
Mon, 14 Mar 2011
State Firm Moves to Boost Bali’s Electricity
By Muhamad Al Azhari State construction company Wijaya Karya has completed a Rp 500 billion ($57 million) diesel-fired power plant in Denpasar, Bali, with a total capacity of 50 megawatts.The state firm, known as Wika, plans to sell its electricity to Indonesia Power, a unit of state utility...
Mon, 14 Mar 2011
Keeping Better Company in Bali
Governor Pastika Wants Future Investors to Be Carefully Screened with Priority Given to Local Investors with a Demonstrated Commitment to Bali.Bali's governor Made Mangku Pastika has declared that Bali must become more selective in receiving investors in the future, accepting only those who...
Mon, 14 Mar 2011
The Need for Good Paperwork in Bali
Gianyar Bali Officials Post Closure Notice at Entrance to Ubud Hanging Garden Resort and Spa.The Bali Post reports that the regional government of Gianyar and local enforcement officials have affixed a closure notice (segel) at the entrance to the Hanging Garden Luxury Resort & Spa located in...
Mon, 14 Mar 2011
Businessmen, Officials Fret Over Japanese Investment
While economists said in preliminary assessments that damage from Japan’s earthquake and tsunami would have a limited impact on world markets, some Indonesians were not so sure.Businesspeople and government officials sounded a note of concern about a potential disruption to trade and investment...
Mon, 14 Mar 2011
Indonesian Firms Snap Up Indian Corn as Rising Food Costs Cause Jitters
From: The Jakarta GlobeSingapore. Indonesian feed millers are snapping up corn cargoes from India, striking the biggest import deals with New Delhi in at least two years as Jakarta rushes to secure food supplies amid shrinking global grain stocks.
Mon, 14 Mar 2011
BI Eyeing 42% Jump in Foreign Investment
BI Eyeing 42% Jump in Foreign InvestmentFrom: The Jakarta GlobeBy Dion BisaraNusa Dua, Bali. Bank Indonesia is bullish that foreign direct investment this year will surge 42 percent to $14.5 billion on the back of growing optimism about Indonesia, but it expects capital market inflows to fall as...
Mon, 14 Mar 2011
US$15 Billion Foreign Fund Goes to Indonesia
TEMPO Interactive, NUSA DUA:Bank Indonesia’s research and monetary policy director Perry Warjiyo, said the flow of foreign funds to developing countries was increasing due to improvements in the US economy. Developing countries in Asia will receive foreign funds as they have promising potential.
Mon, 14 Mar 2011
Economic Corridor Development to Begin in 2012
TEMPO Interactive, Jakarta:The government has targeted the development of six national economic corridors which are expected to be the new economic development center. The six corridors are Java’s northern Coast corridor I), East Trans-Sumatra (II), South Trans-Kalimantan (III), Trans-Sulawesi...
Mon, 14 Mar 2011
IMMIGRATION OFFICIALS DEMANDING BIG PAY-OFFS FOR MINOR BREACHES
Guess whose turn to get hammered? Immigration Blitzkrieg ContinuesYES, last week it was our turn to come under the attention of the team from Immigrasi.Purely a coincidence, of course, and nothing to do with the report on Immigration activities which appeared in our previous newsletter (4 February).
Mon, 14 Mar 2011
IMMIGRATION OFFICIALS DEMANDING BIG PAY-OFFS FOR MINOR BREACHES
EXPATS OPERATING businesses or consulting services in Batam are being alerted to be aware of a cabal of Immigration officials currently seeking to extort money over trivial or inconsequential technical breaches of Visa rules.
Fri, 11 Mar 2011
Explosive WikiLeaks Cables Nail Yudhoyono
Well vulgy, We all know, Indonesian government & politicians corrupt and abuse the power. But I wonder if someone or wikileaks release in valid and sufficient detail/evidence. ‘The Age’ is very interesting and has made “the palace” so panic today (and I really appreciate it ).