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Thu, 31 Dec 2009
Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal
Silky smooth as always. Now button it.
Thu, 31 Dec 2009
Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal
You just haven't cottoned on to bespoke humour.
Thu, 31 Dec 2009
Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal
Mercy./me slits wrists.
Thu, 31 Dec 2009
Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal
Ruining the very fabric of society.
Thu, 31 Dec 2009
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.
Thu, 31 Dec 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...
Thu, 31 Dec 2009
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...
Thu, 31 Dec 2009
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...
Wed, 30 Dec 2009
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...
Tue, 29 Dec 2009
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.
Tue, 29 Dec 2009
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...
Tue, 29 Dec 2009
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...
Tue, 29 Dec 2009
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.
Tue, 29 Dec 2009
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.
Sun, 27 Dec 2009
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...
Sun, 27 Dec 2009
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.
Sun, 27 Dec 2009
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.
Sun, 27 Dec 2009
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,"...
Fri, 25 Dec 2009
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.
Fri, 25 Dec 2009
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.
Fri, 25 Dec 2009
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.
Thu, 24 Dec 2009
Indonesia to Impose 3% Export Tax On Crude Palm Oil Starting in January
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Wed, 23 Dec 2009
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.
Wed, 23 Dec 2009
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.
Wed, 23 Dec 2009
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.
Tue, 22 Dec 2009
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.
Tue, 22 Dec 2009
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.
Tue, 22 Dec 2009
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...
Tue, 22 Dec 2009
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...
Mon, 21 Dec 2009
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...
Mon, 21 Dec 2009
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.
Mon, 21 Dec 2009
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.
Mon, 21 Dec 2009
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.
Mon, 21 Dec 2009
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.
Mon, 21 Dec 2009
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...
Mon, 21 Dec 2009
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...
Mon, 21 Dec 2009
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...
Mon, 21 Dec 2009
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.
Mon, 21 Dec 2009
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.
Mon, 21 Dec 2009
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.
Sun, 20 Dec 2009
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.
Sun, 20 Dec 2009
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...
Sun, 20 Dec 2009
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...
Sun, 20 Dec 2009
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...
Sat, 19 Dec 2009
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.
Sat, 19 Dec 2009
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.
Sat, 19 Dec 2009
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.
Sat, 19 Dec 2009
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.
Sat, 19 Dec 2009
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...
Sat, 19 Dec 2009
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...