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Fri, 31 Oct 2008
European investors view on Indonesia investment condition
Jakarta (ANTARA News) - Managing Director of Indonesian Netherlands Association, Elmar Bouma delivered his remarks on the policies application of investment service in Indonesia from European investors` perspectives in a national seminar entitled "Regional Administration Strategies in...
Fri, 31 Oct 2008
Zero percent tax on CPO exports not to raise cooking oil prices
Jakarta (ANTARA news) - The zero percent tax on crude palm oil (CPO) exports will not raise domestic cooking oil prices, an official said."I think it will not (raise cooking oil prices) because our system is like that.
Fri, 31 Oct 2008
Jakarta property feels the pinch from global financial crisis
Utami Prastiana, Consultant It is now almost certain the global economy is mired in a recession due to the devastating impact of the United States financial crisis which has spread to Europe, setting off negative sentiment while unleashing tremendous downward pressures on Asian financial markets.
Fri, 31 Oct 2008
Crisis may delay footwear investment
Investors planning to invest US$200 million to build new footwear factories, or expand existing ones, may put their plans on hold, due to global financial uncertainties.The concern was revealed Wednesday evening during a meeting between ministry officials concerned with the industry, led by...
Fri, 31 Oct 2008
Indonesia: Economically Shaken but Not Stirred - Yet
Wednesday, 29 October 2008The archipelago nation seems to be doing some things rightCould the clouds over China’s Pearl River Delta have a silver lining for Indonesia? It is one of several unknowns facing an Indonesian economy battered, like most others, by the sudden change in global fortunes.
Thu, 30 Oct 2008
PLN operates first power plant fired by crude palm oil
I would sure like to see the long term contract wording regarding the purchase price of the palm oil for that PLN plant. Wonder if the price is set in conjunction with the one on the world market that fluctuates as well as a certain percentage of profit or they set a 2 yr or 3 yr price based on the...
Thu, 30 Oct 2008
PLN operates first power plant fired by crude palm oil
Following the issue of a government regulation mandating the use of biofuel in all sectors, state power company PT PLN has started to operate a power plant fired by crude palm oil (CPO) which it claims to be the first of its kind in the Asia Pacific region.
Wed, 29 Oct 2008
Corruption eradication must be accompanied by improved public services
Jakarta (ANTARA News) - Corruption Eradication Commission (KPK) Chairman Antasari Azhar said efforts to combat corruption should be conducted in parallel with improvements in various public services in the community.
Tue, 28 Oct 2008
Capital Investment to commit $1B
Which is in stark contrast to a message that was passed onto me from an American Multinationals CFO within Indonesia!"We will require a review of all outstanding contractual obligations in foreign currency due to the current dollar strengthening.
Tue, 28 Oct 2008
US companies eye Indonesia amid crisis
At least 25 US companies have expressed interest in expanding business and shifting investment to Indonesia in an effort to secure capital from the impact of the global financial turmoil, Industry Minister Fahmi Idris said Wednesday, Xinhua reported.
Tue, 28 Oct 2008
Capital Investment to commit $1B
Capital Investment Group, an investment company from the United Arab Emirates, will spend at least $1 billion in direct investment and share purchases in Indonesia, a company official said, Investor Daily reported.
Tue, 28 Oct 2008
Investment up 10.9% from January to August
Investment grew 10.9% from January to August compared to the same period last year at $47.55 billion, Antara reported.The chairman of the Capital Investment Coordinating Board, M. Lutfi, said on Monday that foreign investment growth in the period reached 42% from $31.33 billion in 2007.
Tue, 28 Oct 2008
Govt. reduces export growth target
The government had reduced its export growth target for next year to below 11.9% because of slower demand from Japan, the US and Europe, Trade Minister Mari Pangestu said on Tuesday, Bloomberg reported.The three regions account for about a third of Indonesia's export sales, she said.
Tue, 28 Oct 2008
Minister calls on companies to be alert on debt
Finance Minister Sri Mulyani Indrawati called on the private sector on Thursday to stay alert to problems emerging from dollar loans as the rupiah weakened in line with regional currencies.“As I have said before, with this adjustment we have to be careful and alert.
Tue, 28 Oct 2008
Government fast-tracks reform process
The Coordinating Ministry for Economic Affairs is accelerating work on the government’s latest package of reforms, grouped within Presidential Instruction No. 5 (Inpres 5), as a response to the global financial crisis.Dr.
Tue, 28 Oct 2008
Indonesia plans fiscal stimulus for businesses
JAKARTA, Oct. 27 (Xinhua) -- Indonesia planned to introduce fiscal stimulus for business, including subsidies and tax cuts in a bid to boost economy and purchasing power, a paper said here Monday.The weakening of global commodity prices and high interest rate had hampered Indonesian businessmen...
Tue, 28 Oct 2008
Riau Islands FTZs to cut red tape
Fadli, The Jakarta Post, BatamThe Batam, Bintan and Karimun (BBK) Special Economic Zone Commission has ensured speedy licensing procedures free from illegal levies in a bid to attract foreign investors impacted by the global financial crisis, given lower local production costs compared to other...
Mon, 27 Oct 2008
Govt should tidy Batam authority status soon
After years of uncertainty, the central government will clarify the status of the Batam Industrial Development Authority (BIDA) by the end of this year, Riau Islands Governor Ismeth Abdullah says.Ismet said he had sent a letter to President Susilo Bambang Yudhoyono, requesting an acceleration of...
Mon, 27 Oct 2008
Lawmakers push for value-added tax cut
Lawmakers have suggested a rate cut in value-added tax (VAT) in an amendment to the VAT and luxury tax law in the hope of making the country's manufacturing sector more competitive in coping with the impact of the global economic downturn.
Mon, 27 Oct 2008
Govt to end VAT, luxury tax and duties in FTZs
The government will soon abolish value-added tax (VAT), luxury tax and import duties on production goods in free trade zones (FTZs) in the Riau Islands province in a bid to stimulate businesses.The provincial administration and the customs and excise directorate general have finalized a draft...
Mon, 27 Oct 2008
Govt to end VAT, luxury tax and duties in FTZs Mustaqim Adamrah , The Jakarta Post , Singapore | Mon, 10/27/200
The government will soon abolish value-added tax (VAT), luxury tax and import duties on production goods in free trade zones (FTZs) in the Riau Islands province in a bid to stimulate businesses.The provincial administration and the customs and excise directorate general have finalized a draft...
Mon, 27 Oct 2008
China, Europe, Asia seek investment chance in Batam
Batam (ANTARA News) - Some companies from China, Europe and Asia were seeking opportunities of investment in Batam, as a result of batam`s participation in trade expo in Nanning, China."Many companies from many countries are seeking the chance of investment in Batam," Batam Mayor Ahmad...
Sun, 26 Oct 2008
Bali Public Demands Bupatis Follow the Rules
Confrontation Ahead for Pastika and Gede Agung?Bali's Governor Pledges to Enforce Zoning and Building Rules, Including Prosecuting Officials Who Issue Illegal Licenses and Permits.Bali News: Confrontation Ahead for Pastika and Gede Agung?(10/11/2008) Radar Bali reports that Bali's newly elected...
Sun, 26 Oct 2008
Bali Public Demands Bupatis Follow the Rules
Karangasem, not a surprise there heh Kuku.........
Sun, 26 Oct 2008
South Korea current largest buyer at trade expo
South Korea is currently the largest buyer at this year's Indonesian Trade Expo with a total transaction volume of US$4 million.Algeria, Pakistan and Bangladesh follow closely behind with $2.9 million, $1.5 million and $1.2 million, respectively, tempointeraktif.com reported Saturday.
Sun, 26 Oct 2008
Economic slowdown may hit office space, condominiums
Olivia Dameria, The Jakarta PostThe global economic slump is likely to hit Jakarta's property development business in 2009, particularly the office and condominium market, as demand is projected to slow due to a possible contraction in the country's economic growth, property consultant Provis says.
Sun, 26 Oct 2008
Bali Hotel and Resort Building Boom Continues
BCI Asia Report Counts 115 New Hotel & Resort Projects Across Indonesia in 2008.Bali News: Bali Hotel and Resort Building Boom Continues(10/25/2008) BCI Asia estimates that 115 new hotels are currently under development in Indonesia.
Sun, 26 Oct 2008
Bali Public Demands Bupatis Follow the Rules
Bali Post Poll Shows Overwhelming Support for Governor to Bring Free-Wielding Bupatis Into Line on Zoning ViolationsBali News: Bali Public Demands Bupatis Follow the Rules(10/25/2008) A poll conducted by Bali Post among 375 respondents in Bali showed widespread support for legal steps to be taken...
Sun, 26 Oct 2008
Little Sign of Weakening Arrivals
Bali by the Numbers: September Numbers Continue Year-Long Patterns of Record Setting Arrivals.(10/25/2008) For the month of September 2008 a total of 181,033 foreign visitors came to Bali, a jump of 18.69% over September 2007 (152,532).
Sun, 26 Oct 2008
Little Sign of Weakening Arrivals Bali by the Numbers: September Numbers Continue Year-Long Patterns of Record Setti
Bali by the Numbers: September Numbers Continue Year-Long Patterns of Record Setting Arrivals.(10/25/2008) For the month of September 2008 a total of 181,033 foreign visitors came to Bali, a jump of 18.69% over September 2007 (152,532).
Sun, 26 Oct 2008
Indonesia at the Crossroads (Sigh) Again
Indonesia at the Crossroads (Sigh) Again Written by Our Correspondent Friday, 24 October 2008In one direction beckons people like Sri Mulyani Indrawati, the country's finance minister. Clean, capable, she's the anti-politician Indonesians love and who foreign investors can't stop talking about.
Fri, 24 Oct 2008
President Yudhoyono invites Asian, European bizmen to invest in Indonesia
Beijing (ANTARA News) - Visiting Indonesian President Susilo Bambang Yudhoyono has invited Asian and European investors to invest in various fields in Indonesia."I invite you to invest in various business opportunities in Indonesia," President Yudhoyono told hundreds of Asia and European...
Fri, 24 Oct 2008
Coffee Exports Failed to Reach Target
Thursday, 23 October, 2008 | 19:10 WIBTEMPO Interactive, Jakarta:Jakarta – The export value of Indonesian coffee this year is estimated to be US$ 400 million, less than the targeted US$ 575 million. According to Indonesian Coffee Export and Industry Association chairman, Hassan Widjaja, the...
Fri, 24 Oct 2008
Fishery Industry Reduces Operating Hours
Thursday, 23 October, 2008 | 19:12 WIBTEMPO Interactive, Jakarta:Indonesian Fishery Businessmen Association chairman Hendri Sutandinata said the impact of the global financial crisis are starting to affect the fishery sector.
Fri, 24 Oct 2008
Furniture dominate transactions in Indonesia Trade Expo
Jakarta (ANTARA News) - Furniture dominated the first two-day transactions in the 23rd Indonesia Trade Expo which was opened by President Soesilo Bambang Yudhoyono on October 21, 2008."The transactions reached US$ 5,64,281 and was dominated by Spanish, Greek, Italian and British buyers with...
Fri, 24 Oct 2008
Indonesian canned tuna exports to US down 40 pct
Jakarta (ANTARA News) - Indonesia`s canned tuna exports to the US have fallen by up to 40 percent since the financial crisis engulfed the latter, the Indonesian Association of Canned Fish Producers (APIKI) said.
Fri, 24 Oct 2008
Indonesia exports prospective in Middle East, New Zealand markets
Jakarta (ANTARA News) - Director General for Asia-Pacific and African Affairs at the Foreign Affairs Ministry Primo Alui Joelianto said Indonesian non-oil and gas exports to the Middle East as well as to New Zealand have good prospects, reports said here on Thursday.
Thu, 23 Oct 2008
Kadin, govt aim to fight global woes
I don't mind the taxi drivers, it's the arsehole airport security that piss me off. Upon arrival I like to go straight upstairs to the departures level, catch a tarif bawah taxi that's just dropped someone off - save the poor bastards a fare-less trip back to town, and save me the outrageous 10,000...
Thu, 23 Oct 2008
Credit crunch may hit RI mining investment
The stock market slowdown and drying up of banking liquidity may force mining firms to reduce their spending on exploration, causing commodity scarcity during the next four to five years, an official and a business association said on Wednesday.
Thu, 23 Oct 2008
Manufacturing industry starts cutting production
Manufacturing companies in all industrial estates in Indonesia, especially in Java, have begun to cut production as a result of the global financial crisis that has begun weakening domestic and international demand, Antara reported.
Thu, 23 Oct 2008
Govt to centralize entry points for certain foreign-made goods
Jakarta (ANTARA News) - The government intends to centralize the points of entry of foreign-made goods susceptible to smuggling in order to simplify their supervision under the impact of the global financial crisis, Finance Minister Sri Mulyani said.
Thu, 23 Oct 2008
US companies ready to invest In Indonesia
Jakarta (ANTARA News) - Twenty five American companies were planning to make investments in Indonesia in spite of the current financial crisis facing their country, it was learned from a meeting between a US-ASEAN Business Council delegation and the Indonesian minister of industry Fahmi Idris here...
Thu, 23 Oct 2008
Indonesian palm oil producers ready to use biodiesel
Pekanbaru (ANTARA News) - Most Indonesian palm oil producers are ready to use biodiesel fuel to increase the use of crude palm oil while the price of the commodity in the world market has dropped."After inspecting a number of regions including Riau, I conclude that many palm oil factories were...
Tue, 21 Oct 2008
Kadin, govt aim to fight global woes
Aditya Suharmoko, The Jakarta Post, Jakarta As the government seeks to boost domestic industry in anticipation of a U.S. recession, businesses in turn want an increased effort made to reduce costs, help diversify export destinations, boost bank loans and empower small and medium firms.
Tue, 21 Oct 2008
Residents in Balikpapan Increase by 1,500 People Every Month
Tuesday, 21 October, 2008 | 11:52 WIBTEMPO Interactive, Balikpapan: The number of residents in Balikpapan, East Kalimantan, increases by about 1,500 people every month.The newcomers usually are from Java and Sulawesi.
Tue, 21 Oct 2008
HSBC to acquire Bank Ekonomi to double presence
HSBC Holdings announced in London on Monday it would acquire majority ownership of Indonesia-based Bank Ekonomi for US$607.5 million, as a step toward doubling its presence in the country.HSBC would acquire a 38.84 share in Ekonomi from PT Lumbung Artakencana, 38.
Tue, 21 Oct 2008
Indosat eyes Internet revenues as cellular income flattens
Ika Krismantari, The Jakarta Post, JakartaAnalysts have predicted that the growth of the cell phone business in the country will not last much longer, with a downturn expected to hit the market in the next two or three years, as it will have become a saturated market.
Tue, 21 Oct 2008
Yogyakarta's Enhances Asian Tourism Market
Monday, 20 October, 2008 | 18:43 WIBTEMPO Interactive, Yogyakarta:The global financial crisis has made the Yogyakarta Tourism Board seek new ways to bring tourists to its city. The board is determined to lure more visitors from Australia, Eastern Europe and South Africa.