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Found 94 articles

Indonesia must provide connectivity, infrastructure, energy to attract more foreign investors: economist

JAKARTA, July 30 (Xinhua) -- Indonesia must provide good connectivity, infrastructures, energy supply and simplified regulation to attract more foreign investors, an economist told Xinhua in an exclusive interview on Friday.

Regional Champions Attract Investors

TEMPO Interactive, Jakarta:The Investment Coordinating Board (BKPM) chairman, Gita Wirjawan, said the regional champion program launched at the beginning of this year has managed to attract domestic and foreign investors.

Caterpillar Mulls Production Base in Indonesia, Gita Says

Jakarta. US heavy equipment maker Caterpillar may pick Indonesia as its Southeast Asia manufacturing base, joining the likes of South Korea’s LG Electronics, which is also considering such a move, as Jakarta takes on regional rivals Vietnam and Thailand, Indonesia’s investment chief said.

US among top-three investors in Indonesia

[size:14pt]US among top-three investors in Indonesia[/sizeThe US is the third top country to make investments in Indonesia, a top official says.The Investment Coordinating Board head Gita Wirjawan said Wednesday the realization of the US’ investment reached US$330 million with 33 projects in the...

The rent-seeking mentality

It is mind-boggling to learn of the complete ignorance on the part of the Home Ministry regarding the thousands of regional bylaws on taxes and user charges/retributions throughout the country that are greatly inimical to investments and regional trade.

BKPM Reports Sharp Rise in Indonesian Investment

Indonesia. Indonesia experienced a surge in foreign direct investment in the first half of the year, creating expectations that the total for the year may exceed earlier forecasts, the Investment Coordinating Board announced on Wednesday.

Central Jakarta Office Space Losing Appeal, Procon Says

Jakarta. More businesses will be relocating to South Jakarta and West Jakarta over the next several years, with the central business district seeing a decline in its share of the market due to high rents and traffic congestion, property analysts said.

Rattan Businessmen Targets Chinese Market

TEMPO Interactive, Jakarta:The Indonesian Furniture Association chairman Ambar Tjahjono is calling on rattan businessmen to start marketing their products in the China market. China’s strong domestic market, according to him, has great prospects.“China only earns US$ 35 billion from exports.

Turkish Companies on Indonesia Visit

TEMPO Interactive, Jakarta: Representattives from six Turkish corporations in negotiation for cooperation and investments in Indonesia with seven indonesian firms has visited Jakarta today for further talks a month the first signings of Memorandum of Understanding during President Susilo Bambang...

Over 50 Percent of Investment Target this Year Achieved

TEMPO Interactive, Jakarta:New investments during the first semester of this year reached Rp 92.9 trillion. According to the chairman of the Investment Coordinating Board (BKPM), Gita Wirjawan, 58.1 percent of this year’s Rp 160 trillion investment target had been fulfilled.

BKPM hints investment to hit rp180 trillion

Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) has hinted the realization of investment may hit a record of Rp180 trillion this year if the government is able to improve infrastructure facilities and ensure energy supplies."Let`s wait and see.

Online Businesses to be Subject to Pay Income Tax in Installments

The Directorate General of Tax has stated that online businesses will be subject to pay a monthly installment of their annual Income Taxes as set out in the Director General of Tax Regulation No. PER-32/PJ/2010 on the Implementation of the Imposition of Article 25 Income Tax for Certain Businesses...

Singapore, No 1 Investor in Indonesia

VIVAnews - The United States is the third top country that makes investment in Indonesia at a total of US$0.3 billion worth of contribution in 33 projects.However, up until the second quarter of 2010, Singaporean investors are listed as number one with a total investment of US$1.

Govt aims to achieve rice, corn self sufficiency in 2014

Plus they drained the peat bogs for Suharto's Mega Rice fuck up thus massively adding to global warming. Indo rice is crap anyway, all sticky and stodgy. They should at least grow long grain. Or

Govt aims to achieve rice, corn self sufficiency in 2014

teh rice self-sufficiency fetish seems common in asia. perhaps it can be traced back to when famines were more common in these parts.what ever the reason, indonesian farmers are not very good at rice growing.

Govt aims to achieve rice, corn self sufficiency in 2014

"Self-sufficiency in food production as a manifestation of food resilience is of great importance to meet the people`s basic necessities, and ensure national economic and political stability," he said.Bollocks, it's just typical Indo rice fetishism.

Govt aims to achieve rice, corn self sufficiency in 2014

Maros, S Sulawesi (ANTARA News) - The government has set itself the target of achieving self sufficiency in rice and corn production in 2014, a minister said.To that end, the government had targeted the annual increase in rice and corn production at 3.22 percent and 10.

RI suffers US$0.4 billion trade deficit with China: minister

Bandung, W Java (ANTARA News) - Indonesia is still suffering 0.3 billion dollars in its trade balance with china, Trade Minister Marie Elka Pangestu told a panel discussion on Monday.The trade deficit suffered by Indonesia was caused by the decline in its oil and gas exports, the minister said.

Indonesia sees economy growing faster than forecast

JAKARTA: Indonesia's finance minister said the government expected its economy to grow at a faster than budgeted 5.9 per cent this year and predicted a smaller-than-forecast budget deficit.The stronger government finances may lead Southeast Asia's top economy to cut its debt issuance target for the...

Investment Board Demand More Government Stake in Top Projects

TEMPO Interactive, Jakarta: The investment Coordinating Board has advised the governement take a more active role in public projects and leave the passive role of as the agency took over responsibility in offering government projects to foreign investors from the National Development Planning...

Labor Woes at Aston Bali Resort and Spa

Deadline Looming for Staff at Aston Bali Resort and Spa to Accept New Jobs and Severance Payout.As reported on Balidiscovery.com, the recent bankruptcy of PT Dewata Royal International (DRI) - the former owners of Aston Bali Resort and Spa [See: Labor Woes at Aston Bali Resort and Spa], has placed...

Analysis: Indonesia: Energy on the boil

Indonesia is to tap into vast reserves of geothermal energy to help meet its power needs for coming decades, with plans to invest more than US$10 billion over the next 15 years in the renewable power source.

Five places to invest before you retire

While the start of this year was all about the misery of the PIIGS, the rest of the year is likely to focus on the mastery of the STINC.That would be Singapore, Thailand, Turkey, Indonesia and Chile, five under-appreciated corners of the earth unsullied by over-spending, over-confidence and...

Agriculture needs prompt adaptation

Recently, we witnessed an outcry from households in our country due to prices on some agricultural commodities, especially peppers reaching up to Rp 50,000 (around US$5) per kilogram.The astronomical price increase was caused, among others, by reduced supply due to crop failure as looming climate...

Indonesia to Produce Cheap Sedans

TEMPO Interactive, Jakarta:Trade Minister M.S. Hidayat has said that the government is conceiving the idea of producing cheap cars domestically.The sedan will be a low cost green car and will be marketed at the price of around Rp80 million.

VP: halal certification must not burden industries

VP Boediono. (ANTARA News)Jakarta (ANTARA News) - Vice President Boediono said halal certification of domestic products and services should not be burdensome or harmful to industries."The awareness of products and services must belong to all parties and all stakeholders and therefore the halal...

VP: national automotive industry not yet competitive

Jakarta (ANTARA News) - Vice President Boediono said THE national automotive industry was not yet competitive compared to those in other countries."We have been developing an automotive industry in the country for a long time but until now it remains unable to compete with similar industries...

Pulau Baai pier development needs Rp36.6 billion

Bengkulu (ANTARA News) - The construction of Nusantara I pier of Pulau Baai port of Bengkulu needs a fund of more than Rp36.6 billion, an official of the local port operator said."The construction of the pier is expected to be completed late this month and operated in September," Manager...

Govt urged to encourage renewable energy consumption

Jakarta (ANTARA News) - The Energy Care Society (MPE) urged on Sunday the government and the House of Representatives (DPR) to encourage the use of renewable energy as an alternative to fossil fuel."The government and the DPR need to issue a regulation to lay a firm basis to change fossil...

Demand for rattan-made products declining: YRI

Jakarta (ANTARA News) - Less directed rattan export policy and declining demand for rattan products in domestic and world markets are threatening the sustainability of the rattan business in the country, Indonesian Rattan Foundation (YRI) chairman Lisman Sumardjani said.

$600m Lombok Mega-Resort Tender Results Slated for May

...and on and on and on....

$600m Lombok Mega-Resort Tender Results Slated for May

From Jakarta GlobeLombok Resort Still on Track: EmaarJakarta. Dubai-based property developer Emaar Properties has again been forced to deny it has pulled out of a $600 million resort project on the island of Lombok, which has been idle for years.

Indonesia past financial crisis, says Bank of New York Mellon

Indonesia, with its strong economic fundamentals, has successfully passed through the global financial crisis, a global banking official says.During a brief visit on Thursday to the trading floor of the Indonesia Stock Exchange (IDX), the chairman of the Bank of New York Mellon Asia Pacific branch,...

'Extraordinary’ Tax Corruption Beyond Comprehension: SBY

From Jakarta PostPresident to give direct briefing tax, customs officers WednesdayIn a frame to reach targeted state revenues, President Susilo Bambang Yudhoyono will provide direction for officers at the Directorate of Taxation and Directorate of Customs and Excise on Wednesday.

Industrial Property Surges in Jakarta

Demand for industrial property in Jakarta during the second quarter rose to its strongest in the past five years, with land prices and rental rates expected to continue growing even as more supply comes onto the market, a property consultancy said on Wednesday.

'Extraordinary’ Tax Corruption Beyond Comprehension: SBY

Massive graft at the tax department was “extraordinary crime beyond comprehension,” President Susilo Bambang Yudhoyono said on Wednesday.He said he had ordered Finance Minister Agus Martowardojo to pull out all the stops to end violations by officials of the tax directorate.

N Sulawesi exports canned fish to Germany

i've set up a few fishing companies in Bitung to rape and pillage the seas there. good to know the Germans are liking it.4-1

N Sulawesi exports canned fish to Germany

Manado, N Sulawesi (ANTARA News) - North Sulawesi exported 401.93 tons of canned fish worth US$934,962 to Germany in May.The canned fish was shipped 20 times or an average of four shipments a week, Head of the North Sulawesi Provincial Industry and Trade Office Sanny Parengkuan said on Monday.

Law enforcement in mining field weak: firm

Sungailiat, Babel (ANTARA News) - Tin mining PT Tambang Timah is of the view that law enforcement on illegal tin mining is still weak so that it poses difficulties for the company to carry out its reclamation program.

Korean investors relocate their shoe factories to Indonesia

Jakarta (ANTARA News) - Two Korean principal shoe producers with their brands Adidas and Geox plan to build a new factory in Indonesia with a total investment of 150 million US dollars."The two companies have shut down their plants in Vietnam and China for relocation to this country,"...

RI to become automotive production basis by 2025

Jakarta (ANTARA News) - Industry Minister MS Hidayat believed that Indonesia would achieve its target of building a firm and strong automotive production basis by 2025."The automotive producers` enthusiasm in Indonesia is quite high.

Indonesia - it's turning the mining page

INDONESIA is highly prospective - but it can also be a difficult country to work in, leading some investors to shy away from the country.There have been problems in some areas with local unrest. Then there was the infamous Bre-X scandal which, although the salting of the prospect was not the work...

Baskoro Indonesian Government Infrastructure Investment Fund On Hold Over Legal Questions

Indonesian Government Infrastructure Investment Fund On Hold Over Legal Questionsby Faisal Maliki BaskoroA plan by the State-Owned Enterprises Ministry to create an investment fund that would help finance infrastructure projects and the expansion and restructuring of state enterprises has stalled...

South Korea Ready For $10 B Investment

VIVAnews- South Korea will be investing around U$ 6 billion to 10 billion in Indonesia this year. “I went to Korea yesterday and this has been their commitment this year,” the Investment Coordinating Board (BKPM) Head Gita Wirjawan said in Jakarta on July 14.

RI to increase vegetable exports to Singapore

Jakarta (ANTARA News) - Indonesia is planning to increase its vegetable exports to Singapore where consumption of vegetables had reached 2,000-2,500 tons per day, an official said."Singapore authorities acknowledge that our vegetables and fruits have high quality," Deputy Agriculture...

Indonesia's trade battle with China

With the onset of a new free trade agreement, Indonesians are concerned that cheaper goods from China will threaten the future of their manufacturing industries.You would be hard pressed to find a building that is more than a century old in Surabaya, a port city of three million people on the...

Falling Prices, Wi-Fi Hotspots Drive Netbook Buying Spree

Sales of personal computers surged by 76 percent year-over-year during the second quarter, with the popularity of netbooks driving much of the increase, according to the Indonesian Computer Business Association.

VP: Outcome of many research projects useless to public

Tangerang, Banten (ANTARA News) - Vice President Boediono said the results of many research projects in Indonesia did not match what the public needed.Speaking at Small Business and Entrepreneurship Innovation Conference at Nusantara Multimedia University (UMN) in Tangerang, Banten, on Thursday,...

Singaporean tourist arrivals in Bali surge 53.18 percent

Denpasar (ANTARA News) - A total of 29,862 Singaporean tourists visited the resort island of Bali in the first five months of 010, jumping 53.18 percent from 19,495 in the same period last year.The significant increase was similar to the number of Australian tourist arrivals which went up 55.

Domestic firms asked to balance foreign investors

Jakarta (ANTARA News) - Domestic investors are asked to play a role as a balancing factor against the flow of foreign funds into the country so that the domestic financial market stability could be well maintained, a cabinet minister said.