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Sun, 31 May 2009
Government to Simplify Liquor Import and Distribution
Fight Predicted Ahead as Government Department Seek to Retain Lucrative Power Base.(5/30/2009) Bisnis Indonesia reports that the Indonesian Department of Trade is in the process of revising regulations pertaining to the import of alcoholic beverages.
Sun, 31 May 2009
Wiranto To Renegotiate Contracts With Foreign Corporations
Bengkulu (ANTARA News) - Vice presidential candidate Wiranto said here on Saturday that Jusuf Kalla and him would renegotiate contracts with foreign corporations if they won the election later on July 8.
Sun, 31 May 2009
Govt urged to review fish export restrictions
Jakarta (ANTARA News) - The Indonesian Fishery Businesses Association (Gappindo) has expressed hope that the government would review its export restriction policy on certain types of fish products.Gappindo general chairman Herwindo said here on Saturday that the large number of species of fish...
Sun, 31 May 2009
Indonesian Garment Exports Down 0.8 Pct
Jakarta (ANTARA News) - Indonesian garment exports have dropped around 0.8 percent due to the impact of the financial crisis in the US, the executive director of Textile Indonesia, Retmo, said here on Saturday.
Sat, 30 May 2009
VW Touran MPV to be assembled in Indoneisa
JAKARTA, May 29, 2009 (AsiaPulse via COMTEX) A multi purpose vehicle (MPV) Volkswagen model will be assembled in Indonesia by a local car maker.PT Garuda Mataram Motor (GMM), a subsidiary of the Indomobil Group will use one fifth of its 5,000 car assembling capacity to produce 1,400 cc VW Touran...
Sat, 30 May 2009
Palm oil could scuttle forest carbon plan: experts
NUSA DUA (Reuters) - Carbon credits derived from a fledgling forest conservation scheme for developing nations will struggle to compete with palm oil as an investment, industry advisers and conservationists said on Friday.A U.N.
Sat, 30 May 2009
Official Says Medium-Term Outlook For Palm Oil ‘Bullish’ on Supply Issues
The outlook for palm oil prices is “bullish,” underpinned by higher demand in India and China, lower inventories and drought in Argentina hurting global vegetable oil supplies, according to an industry executive.
Sat, 30 May 2009
Palm Oil E-Trading Will Begin on June 28
The government will launch electronic trading of crude palm oil on the Jakarta Futures Exchange on June 28, with an aim to become the world’s global reference price for CPO and its derivatives. The new market, envisioned as the first step to include futures trading and other indexes, will use the...
Sat, 30 May 2009
Private Sector Invited to Establish Gas Infrastructure in Cities
TEMPO Interactive, Jakarta:The government has called on private companies to invest in building infrastructure for gas in the cities. The government will initiate with the basic infrastructure.“We hope that private companies will join later,” said Energy and Mineral Resources Minister Purnomo...
Sat, 30 May 2009
Investments and Export-Imports are Biggest Challenges in Economic Growth
TEMPO Interactive, Jakarta:The government has concluded that efforts to prevent investments from plummeting and to put export-imports back to the level they were previously in, are the biggest challenges in maintaining positives trend in economic growth.
Fri, 29 May 2009
New FTZ status makes things more complicated
The adoption of a free trade zone (FTZ) on Batam has not made doing business on the island any easier or simpler, but has instead led to more bureaucracy and some confusion for local businesses.Forwarding service firm PT Esqarada president director Daniel Burhanuddin said Wednesday that the...
Fri, 29 May 2009
Realigning oil cost recovery
The disputes between government and oil contractors over cost recovery could worsen because of a long delay in the issuance of regulations on new accounting guidelines for expenditure under production-sharing contracts, as required by the 2009 State Budget Law.
Fri, 29 May 2009
RI could harvest $15 billion financial incentives annually from REDD: expert
Indonesia could harvest about US$15 billion (Rp 150 trillion) of financial incentives per year from carbon trading through avoiding forest emissions, a climate expert said.Climate researcher from the centre for International Forestry Research (Cifor) Daniel Murdiyarso said that the implementation...
Fri, 29 May 2009
Sri Mulyani: economic recovery still fragile
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati said here on Thursday the current economic recovery was still in an early stage and fragile."The recovery is still in an early and fragile stage." she said at a meeting with House Commission XI.
Thu, 28 May 2009
Japan remains Indonesia's top export destination
Japan absorbs the largest non-oil and gas exports from Indonesia in the first three months of this year, according to the Indonesian Statistics Bureau.The bureau reported that Indonesia's exports to Japan totaled US$2.4 billion in the period of January through March, or 12.
Thu, 28 May 2009
Govt invites private sector to invest in urban gas projects
The government is inviting the private sector to invest in the development of urban gas infrastructure projects, saying that the government has a limited budget to develop the projects."We are inviting private investors to invest in the projects, because the government budget is from the state...
Thu, 28 May 2009
Indonesia sees crisis as momentum
Aditya Suharmoko, The Jakarta Post, Jakarta Indonesia can use the global economic downturn as momentum to gain world recognition as its economy keeps on expanding while others are tumbling down, the finance ministry says.
Thu, 28 May 2009
Taiwan`s investment in Indonesia reaches US$13 billion
Jakarta (ANTARA News) - Taiwan`s investment in Indonesia until 2008 reached US$13.837 billion and the amount is still to increase in line with the country`s economic development.Director of Economic Division of Taipei Economic and Trade Office (TETO) Bennet Wen-bin Chen said here on Wednesday...
Thu, 28 May 2009
Indonesia container volumes drop, but show signs of recovery
JAKARTA, May 27 (Reuters) - Indonesia's container volumes for exports for January-May fell an estimated 10-12 percent from a year ago, while imports dropped 30 percent, an official said on Wednesday, as the economy shows signs of a turnaround.
Thu, 28 May 2009
Lawmakers urge govt to finish regulation on biofuel subsidies
The government proposes to the House of Representatives to allocate Rp 1.55 trillion (US$150.52 million) for biofuel subsidies in 2010, but lawmakers are concerned the needed regulation is not finished.The director general for oil and gas at the Energy and Mineral Resources Ministry Evita H.
Thu, 28 May 2009
Indonesia to double palm oil production by 2020
JAKARTA (AFP) - Indonesia aims to more than double its crude palm oil output to 40 million tonnes by 2020 through increased yields and more plantations, officials said Wednesday.Average oil palm plantation yields would increase from 3.5 tonnes to 4.
Thu, 28 May 2009
Biofuel Program Stalls on Poor Planning, Low Prices
The government program to blend bioethanol and biodiesel with subsidized fossil fuels has floundered on lack of preparation and falling biofuel prices and won’t meet its target production level before at least 2011, an official said.
Thu, 28 May 2009
Trade Ministry Plan Would Require CPO Producers to Supply Local Market
On the heels of the recent announcement of a controversial tax on palm oil exports from the Trade Ministry comes another plan. This time, Fahmi Idris, head of the Industry Ministry, is proposing that the government implement a domestic market obligation (DMO) on crude palm oil producers to force...
Thu, 28 May 2009
Jakarta Container Terminal Launches New Facility
TEMPO Interactive, Jakarta: Jakarta International Container Terminal launched its new facilities on Wednesday (27/5) worth around US 30 million. The Indonesia's largest container facility in North Jakarta operates new container loading equipments, new control tower and technology, and expanded its...
Wed, 27 May 2009
The effect of the global financial crisis on Indonesia
Once fueled by great stores of natural resources and ensuing investment, Indonesia is once again suffering the effects of a harsh economy.With some 240 million people Indonesia is the fourth most populous country in the world.
Wed, 27 May 2009
Indonesia biofuel sector faces price formula delay
JAKARTA, May 27 (Reuters) - Indonesia is not ready to implement a price formula for biofuel slated for June, an energy ministry official said on Wednesday, which spells a blow for the fledging biodiesel industry in the world's top palm oil producer.
Wed, 27 May 2009
Businesses say mafia rules Batam port
Businesses are complaining about the existence of mafi a controlling the loading and unloading system at Batam seaport, Kepulauan Riau province, consequently infl icting higher costs on businesses.Head of the Indonesian Employers Association's (Apindo) Kepulauan Riau chapter, Abidin, said Tuesday...
Wed, 27 May 2009
SMEs protest foreign-run firm can bid for Wimax
A consortium of local small and medium internet service providers are questioning government bidding rules that allow a foreigncontrolled publicly listed fi rm to bid for Wimax licences, despite the Negative Investment ListThe SMEs, grouped in a consortium participating in the bidding, said the...
Wed, 27 May 2009
Govt needs to allocate $120m to subsidize biofuels
The government needs to allocate Rp 1.25 trillion ($120 million) next year to subsidize bio-fuels to meets its own mandatory targets, the Indonesian Biofuel Producers Association (Aprobi) said Wednesday.
Wed, 27 May 2009
Buyers Testing Property Market as Pent-Up Demand Surfaces: Analysts
Indonesia’s residential property sector looks to have bottomed out, with demand expected to grow as the economy improves in the second half of the year, according to international property consultancy Knight Frank.
Wed, 27 May 2009
Government Scrambles to Fill Excel’s Palapa Ring Gap
The government is desperately trying to get the long-delayed $700 million Palapa Ring telecommunications project back on track after PT Excelcomindo Pratama pulled out of the project consortium on Monday.
Wed, 27 May 2009
Government Plans To Unload Industrial Park Stakes
The government plans to sell its stake in five industrial park companies worth more than Rp 900 billion ($87.3 million), a senior official said on Tuesday.The move comes despite political rivals calling the current administration “neo-liberal” - a derogatory label in Indonesian politics, where...
Wed, 27 May 2009
Government to Set 3% Tariff on CPO Exports
In a bid to stabilize domestic palm oil prices, Indonesia is expected to institute a 3 percent tax on crude palm oil exports next month, Trade Minister Mari Pangestu said in Jakarta on Tuesday.“The local price will be affected by the rising global CPO price as a number of producers would prefer...
Wed, 27 May 2009
Modern Retailers Reject Zoning Regulations
TEMPO Interactive, Jakarta:Modern retail business people are rejecting a regulation on the zoning of commercial buildings issued by the regional administration, given that traditional markets are spread throughout the Jakarta area.
Tue, 26 May 2009
World Bank: Indonesia Could Do Better
It's his stock speech. I'm surprised he didn't mention the energy subsidies.
Tue, 26 May 2009
Banks' scramble for stakes in Indonesia intensifies
Banks' scramble for stakes in Indonesia intensifiesBy John Aglionby and Paul BettsHSBC's completion of its acquisition of 89 per cent of Indonesia's Bank Ekonomi for $607.5m and the UK-based bank's move to buy out the rest of the shares speaks much about the potential for growth in the world's...
Tue, 26 May 2009
Website at the heart of graft scandal shut down
Yusril, Hartono believed involved in corruption: prosecutorJakarta (ANTARA News) - Former minister Yusril Ihza Mahendra and businessman Hartono Tanoesoediyo are believed to have taken part in corrupt acts in procuring a Legal Entity Administration System at the justice ministry, a public prosecutor...
Tue, 26 May 2009
World Bank: Indonesia Could Do Better
Indonesia could end up emerging relatively unscathed from the economic crisis if the government continued to carefully manage the economy and there were no more external shocks, World Bank country director Joachim Von Amsberg said on Monday in an exclusive interview with the Jakarta Globe.
Mon, 25 May 2009
Indonesians should follow the Japanese in curtailing foreign businesses: Prabowo
"And we could possibly collapse if foreign countries declined to accept our exports," Prabowo said.Mate, that's the least of your worries. Imagine if you prevented your countrymen from being able to purchase Nokia phones, or worse, BMWs.Prabowo is a fat fuck.
Mon, 25 May 2009
Indonesia’s Yudhoyono eyes 7% growth by 2014 By John Aglionby in Jakarta Published: May 20 2009 16:15 | Last updat
Indonesian President Susilo Bambang Yudhoyono outlined yesterday his domestic agenda for the next five years, predicting that if re-elected later this year Indonesia would record 7 per cent annual economic growth by 2014.
Mon, 25 May 2009
RI CPO competitiveness under threat
Despite Indonesia being the world’s largest producer of crude palm oil (CPO), its competitiveness in overseas markets is being eroded due in part to burdensome levies – both by central and local governments – and to poor infrastructure.
Mon, 25 May 2009
Indonesians should follow the Japanese in curtailing foreign businesses: Prabowo
Prabowo Subianto said Sunday American retailer Wal-Mart's collapse in Japan was a good example for Indonesia of scaling back the expansion of foreign retailers while simultaneously supporting local market traders in the country.“What the Japanese did was a good example of nationalism.
Sun, 24 May 2009
Indonesia's Megawati eyes tougher line on foreign firms
Van Zorge Report: Is he, Taufik Kiemas, the real power behind PDIP or is it more a partnership?Janis: They work together. In the beginning we believed Kiemas controlled Megawati but just before we separated we changed our opinion - they work together.
Sun, 24 May 2009
Indonesia's Megawati eyes tougher line on foreign firms
Quoting: biznews Indonesian opposition leader and presidential candidate Megawati Sukarnoputri said on Friday she would take a tougher stance in contract negotiations with foreign resource firms if elected in July."We have a real weakness in the way we write our contracts.
Sun, 24 May 2009
Call to ‘Buy Local’ Fails to Click With High-Heel Lovers
The government’s ongoing campaign to get Indonesians to buy local isn’t about to get between a woman and her shoes, especially when an Italian pair is concerned. Patriotism or not, the devil will usually get her to wear Prada.
Sun, 24 May 2009
Indonesia's Megawati eyes tougher line on foreign firms
indeed, i was imprecise with my words. should have read: "or Prabowo has some sort of cunning plan ...". that plan would invariably involve the use of huge sums of money. and prabowo has plenty of that to spare, not to mention the financial resources and backing of the Cendana group.
Sun, 24 May 2009
Indonesia's Megawati eyes tougher line on foreign firms
Cunning, Plan & Mega are not three words I would ever use in a sentence
Sun, 24 May 2009
Indonesia's Megawati eyes tougher line on foreign firms
JAKARTA, May 22 (Reuters) - Indonesian opposition leader and presidential candidate Megawati Sukarnoputri said on Friday she would take a tougher stance in contract negotiations with foreign resource firms if elected in July.
Sun, 24 May 2009
Pulling the Plug on New Investment
Inadequate Electrical Supply is Contributing to Slowdown of New Investments in Bali.(5/22/2009) The Jakarta Post reports that limited power supplies are causing headaches for domestic and foreign investors in Bali.