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Found 149 articles

Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal

Silky smooth as always. Now button it.

Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal

You just haven't cottoned on to bespoke humour.

Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal

Mercy./me slits wrists.

Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal

Ruining the very fabric of society.

Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal

The nation’s textile industry has been dealt a double blow by the global economic slowdown and the imminent Asean free-trade agreement with China, with more than half of the manufacturers here turning into mere trading houses and 155 producers going out of business in 2009.

Cepu’s Promise Buried in Bureaucracy

Cepu, Indonesia’s largest oil block, is the nation’s best hope for lifting its sagging crude production, which has fallen to less than one million barrels per day. But the ongoing drive to reach peak output of 165,000 bpd at Cepu had been anything but smooth this year, with bureaucratic tangles...

Deal Seems Unlikely for Emaar Lombok Project

Government officials on Wednesday appeared to distance themselves from Dubai-based Emaar Properties’ $600 million mega-resort project in Lombok, ahead of today’s deadline to finalize the deal.“It’s better to call Emaar directly, I’m sorry,” Alwi Shihab, the special presidential envoy to...

Indonesian Energy Sector Investment Hamstrung by Crisis in 2009

Indonesia, Southeast Asia’s biggest oil producer, has failed to meet its investment target for the oil and gas sector because contractors cut spending as the economic slowdown brought record-high crude prices crashing down and reduced energy demand, upstream energy regulator BPMigas announced on...

Bali in Budget Beds Battle

Hotel owners in Bali are crying foul over the latest arrival in Indonesia’s premier tourist destination.They claim that Tune Hotels, the Malaysian budget accommodation chain owned by Air Asia founder Tony Fernandes, will “damage” the island’s image by offering spartan rooms for as little as...

Trade opens new opportunities

EditorialWe find it hard to understand why Indonesian manufacturers raised great concerns over the probable adverse impact of the ASEAN-China Free Trade Agreement only a few weeks before the accord is supposed to come into force early next month.

Regulations on free trade finalized

Ministerial regulations on full implementation of the free trade agreement between ASEAN and China (ACFTA) have been finalized, becoming effective Jan. 1 next year, the Finance Ministry said.“Several Finance Ministry regulations will be completed today,” Finance Minister Sri Mulyani Indrawati...

VP: North Sulawesi on fast track of development

Manado, N Sulawesi (ANTARA News) - Vice President Boediono said North Sulawesi province was now in the fast track of development in line with its increasing annual economic growth."North Sulawesi has made significant achievements in development in line with its geographic excellence and...

Tourist arrivals in Bali exceed target

Denpasar (ANTARA News) - The number of tourist arrivals in Bali is likely to hit a record high of 2.1 million in 2009, well above the target of 1.8 million for the year, a tourism official said."The number of tourist arrivals in the January-October 2009 period already reached 1.9 million.

Pertamina Monopoly to End Next Year

State oil and gas company PT Pertamina will for the first time lose its monopoly on the distribution of subsidized fuel after downstream oil and gas regulator BPH Migas announced on Monday that it had awarded distribution rights to two private companies, including one from Malaysia.

ASEAN integration process moving forward in 2009

JAKARTA, Dec. 26 (Xinhua) -- The Association of Southeast Asian Nations (ASEAN) has gained significant headway in many areas. With the ASEAN Charter and the Roadmap for the ASEAN Community, the 10-member regional group succeeded in making achievements in its 14thsummit and 15th summit respectively...

Too many regulatory surprises

As President Susilo Bambang Yudhoyono works to improve the investment climate in Indonesia, regulatory surprises have slowed his progress, reinforcing the impression that Indonesia is an unpredictable place to do business.

VP: Only 15 pct of national, regional budgets for investment

Banda Aceh (ANTARA News) - Vice President Boediono said the government would only be able to set aside 15 percent of the regional and national budgets for supporting investment to achieve seven percent growth.

Banda Aceh being prepared to become hard port city

Banda Aceh (ANTARA News) - Banda Aceh is being prepared to have a seaport for very large ships by 2014, Aceh Governor Irwandi Yusuf said here Saturday."We are preparing Banda Aceh to have a hard port or a seaport for very large ships, ships too large to pass through the Malacca Strait,"...

Govt to form infrastructure fund soon

Jakarta (ANTARA News) - The government is soon to form an Infrastructure Fund tasked with collecting long-term funds from donor countries and other sources to speed up infrastructure development, a top public works official said.

Indonesia sees foreign investment up 15 pct in 2010

JAKARTA, Dec 24 - Indonesia's foreign direct investment is set to rebound 15 percent in 2010 on a global economic recovery after dropping 28 percent this year to just below $10 billion, the state investment agency (BKPM) said.

Non Food Label Regulation Starts from January

TEMPO Interactive, Jakarta:The government is to apply the Trade Ministerial regulation on Indonesian language labels for non-food products, such as electronics, spare parts and construction tools and materials.

Indonesia to Impose 3% Export Tax On Crude Palm Oil Starting in January

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Business Competition Commission Regret Yudhoyono-Carrefour Meeting

From Jakarta Globe‘Carrefour Did Not Lobby Yudhoyono’by Dian AriffahmiPresident Susilo Bambang Yudhoyono did not hold a special meeting with Carrefour’s chief executive during his visit to France last week, a presidential spokesman said on Tuesday.

Indonesia to Impose 3% Export Tax On Crude Palm Oil Starting in January

Indonesia, the world’s biggest producer of crude palm oil, will impose a 3 percent tax on exports of the commodity starting in January to ensure domestic supplies.The increase, the first in six months, lifts the tax rate from zero and was based on the average price in Rotterdam exceeding $769.

Bakrie Plantation Doubles Target

TEMPO Interactive, Jakarta:PT Bakrie Sumatera Plantation has targeted next year’s revenue to double, given its plan to acquire PT Domba Mas Agro Inti. "The result of acquiring Domba Mas can contribute more to revenues,” Bakrie Plantation financial director, Harry M.

Government to Intensify Non-Tariff Protection Measures

TEMPO Interactive, Jakarta: Industry Minister MS Hidayat said the government maximize protection for domestic market by intensifying and reactivating non tariff regulations in facing the ASEAN-CHINA free trade starting next year.

RI may lose economic oomph over Century

Aditya Suharmoko, The Jakarta Post, JakartaThe political debate over the Bank Century bailout may harm Indonesia’s economy as the country loses momentum to bolster growth, while other nations gear up to attract investors, economists say.

Business Competition Commission Regret Yudhoyono-Carrefour Meeting

TEMPO Interactive, Jakarta: The Business Competition Supervisory Commission have regretted President Susilo Bambang Yudhoyono's meeting with Chief Executive Officer of Carrefour Group Lars Olofsson in Paris last week amid the legal proceedings on monopoly faced by the retailer's operation in...

Four RI seaports to operate 24 hours per day

Samarinda (ANTARA News) - Four seaports in Indonesia will operate 24 hours a day as of February 2010, the Director General of Sea Transportation, Sunaryo, said here on Monday.The four seaports are Belawan in Medan, North Sumatra, Tanjung Priok in Jakarta, Tanjung Perak in Surabaya, East Java and...

Foreign Health Care Services will be Curbed

TEMPO Interactive, Jakarta:The Health Department will curb foreign health care services, both doctors and clinics, which operate in Indonesia. “We have been receiving reports, but we will see if it is true that some operate without permits,” said the Director General of Medical Service from the...

Indonesia’s economic Prospect

'Next year, 2010, will be very important for Indonesia. Peaceful general elections and successful navigation through the global financial crisis have raised expectations that Indonesia can become one of the strongest performing emerging markets.

Consumption, a pillar of the economy

The outlook for Indonesia continues to be positive, as it looks likely to maintain its growth momentum supported by healthy domestic consumption, accelerating investment as well as improving shipments and external situation.

Economic power shift to East Asia

It has been widely accepted that recently economic power has been gradually shifting toward East Asia.The global economic crisis has only quickened this process. It began with the excesses at the centers of international finance, namely the US and Europe.

Not all regions are open to our business

Laurensius Tirta Widjaja, the marketing director of PT Indomarco Prismatama (Indomaret) recently talked with The Jakarta Post’s Kornelius Purba about the prospects of and problems facing retail business for next year.

Economic rise snags on political turbulence

It is impossible to chart the economic outlook for 2010 without factoring the Bank Century debacle into the equation.The nationwide controversy over the Nov. 21, 2008, bank bailout is not simply a temporary distraction, as several analysts say, insofar as the economic prospects for next year are...

Indonesia’s position in the global economy

The financial crisis of 2008 has had an extensive impact on the global economy, including Indonesia’s. What are our chances of weathering the fallout and emerging unscathed from the crisis? The following are excerpts from an interview between The Jakarta Post’s Apriadi Gunawan and North Sumatra...

Rejecting unsustainable palm oil

European industrial buyers have begun extending compulsory green certification from wood-based products to palm oil, as evidenced by the bold decision last week by Unilever, the world’s largest industrial consumer of crude palm oil (CPO), to cancel new contracts with Indonesia’s largest...

PC market: The big firms fight it out

Indonesia’s burgeoning personal computer (PC) market - divided between desktops and notebooks including the increasingly popular netbooks - will continue to see hefty growth next year, setting off even fiercer competition among top players.

Bank Century case disturbs govt`s 100-day program

Jakarta (ANTARA News) - Like it or not, the Bank Century case has disturbed President Susilo Bambang Yudhoyono`s second-term government especially in carrying out its first 100-day program, and this will likely continue to cost a lot of energy and thoughts even after the end of this year.

Jakarta Office Construction Declines: Report

The amount of new office space built in Jakarta’s central business district this year fell 12 percent from 2008 but is expected to rebound next year, according to a report from property consultant Cushman & Wakefield.

Four foreign countries interested to take part in Indonesia's power development: official

Prominent power firm and lenders from Russia, Japan, Kuwait and Germany have pledged their interests to take part in Indonesia's huge power plant projects expected to commence next year, a local media report said Saturday.

Imported Chinese products becoming threat to local industries

Jakarta (ANTARA News) - Imported Chinese products which have been flooding Indonesian markets can cause local people-based industries to close down, a retail traders advocacy activist said."In the 1970s, Indonesia only imported from China products that could not yet be produced at home, but...

Cosmetic, Jamu producers want ASEAN-China free trade posptoned

Jakarta (ANTARA News) - Indonesian cosmetic and jamu (herbal medicine) producers are calling for a postponement of the Asean-China free trade agreement for their products."We want the implementation of the Asean-China FTA postponed until there is a strict supervisory system on cosmetics and...

Tourism may see 1.3 pct growth: Official

Sukadana (ANTARA News) - Indonesia`s tourism sector could record a 1.31 percent growth in the midst of economic recovery efforts following the global crisis this year, a tourism ministry official said."Up to October 2009, the world was suffering from a global crisis affecting all sectors...

Hino expands RI factory and production to increase sales

PT Hino Motors Manufacturing Indonesia (HMMI), the local subsidiary of a Japanese commercial vehicle manufacturer, has completed the expansion of its factory in Purwakarta, West Java, through a US$33 million investment.President of Hino Motors Ltd.

Local govts move fast on mining law

Regional governments are becoming pro-active in supporting the mining industry by issuing more business licenses under the new law, ending a long period of stagnation since the last significant progress in the industry.

Billabong Manager Jailed in Bali Dispute

ADenpasar court has found the sales manager of PT Billabong Indonesia guilty of the embezzlement of promotional materials in a bitter, long-running dispute that pits the Australian surfwear giant against its one-time local partner.

Geothermal in Indonesia Runs Out of Steam

Precarious financing, poor planning endanger a major environmental energy programIn the face of widespread power cuts hitting Jakarta and the provinces,Indonesia's state power utility PLN is planning a second 10,000 MW crash program, 48 percent of it based on geothermal energy.

Reform hopes fade in Indonesia

DENPASAR - Indonesian President Susilo Bambang Yudhoyono's political gamble to widen his coalition and govern by broad consensus is backfiring just months after his re-election, posing serious questions about the future efficiency and cohesion of his already scandal-tainted government, including...

Indonesia clears way for private rail project

Jakarta: Indonesia has cleared obstacles to foreign investment in a private coal railway in East Kalimantan province, part of a $5bn infrastructure project, an official said yesterday.Dubai-based Trimex Group’s MEC Holdings and the Gulf emirate of Ras Al Khaimah are joining forces to build the...