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Sun, 31 Jan 2010
Swedish businessmen to visit Indonesia
Jakarta (ANTARA News) - President directors of 35 Swedish companies will visit Indonesia on January 30 - February 2, 2010 to identify investment and business opportunities in the country, Swedish Embassy said in a media release here on Friday.
Sun, 31 Jan 2010
Indonesia eyes talks with Mideast investors
PROJECT TALKS: Emaar is to hold talks with Investment Coordinating Board (BKPM) chairman Gita Wirjawan over plans for a resort at Lombok. (Getty Images)The Indonesian government’s investment agency is planning to mount a charm offensive in the Middle East to encourage more money from the region,...
Sun, 31 Jan 2010
Indonesia’s economy on track, says World Bank
Indonesia’s economy has returned back on track following a period of lower growth last year due to the global economic crisis.World Bank economist Timothy Bulman said in Jakarta on Thursday that the country’s economy is almost ready to return to the boom conditions prior to the 1998 financial...
Sun, 31 Jan 2010
Investment Predicted to Increase at least Rp. 13 Trillion
TEMPO Interactive, Klaten:Investment Coordinating Board (BKPM) chairman, Gita Wirjawan is optimistic that Indonesian investment value increase from 10 to 15 percent this year. The reason cited was the enactment of the one-door integrated service, which will simplify the process of capital...
Sun, 31 Jan 2010
Indonesia Seeks to Build Food Security
Indonesia is home to nearly 240 million people, making it Southeast Asia's most populous country. But fertile farmland is limited in this island nation and shortages of major commodities such as rice and sugar are common.
Fri, 29 Jan 2010
FACTBOX-Policy making and the political system in Indonesia
Jan 28 (Reuters) - Institutional reforms by Indonesian President Susilo Bambang Yudhoyono in his second term are seen as critical to spurring investment in Southeast Asia's largest economy. Here are some facts about the political system and policy making in Indonesia:PARLIAMENT AND PRESIDENTThe...
Fri, 29 Jan 2010
Officials Name The 100 Worst Tax-Dodgers
Indonesia’s 100 worst tax-dodgers, including a slew of state-owned enterprises and some well-known private and listed companies, owe the state nearly $1.9 billion in back taxes, the Finance Ministry revealed on Thursday.“As of December 2009, the 100 top tax-dodgers [owed] Rp 17.
Fri, 29 Jan 2010
Government Seeks to Develop Value-Added Sectors
The government is drafting incentives meant to develop value-added industries that process agricultural products, Industry Minister MS Hidayat said on Thursday.“I have already informed the Ministry of Finance, and they have agreed to fiscal incentives for companies processing raw...
Fri, 29 Jan 2010
Indonesia’s Electricity Woes Will Be History By Year’s End, SBY Promises
President Susilo Bambang Yudhoyono has promised that Indonesia’s power crisis will end this year. Yudhoyono said on Thursday that he had released a presidential decree and supporting regulations to ensure his promise will be kept.
Fri, 29 Jan 2010
Indonesia May Be Ready To Join BRICs, Fund Says
Indonesia looks increasingly like a worthy member of the economically enviable “BRIC” group of nations, following this week’s upgrade of its sovereign debt and a nod of recognition from influential global asset manager Templeton Asset ManagementAfter boasting Asia’s second-best performing...
Fri, 29 Jan 2010
Govt hopes for big expansion of small private power plants
It is hoped that private companies backed by private investors may be able to start to build up to150 new power plants to provide up to 1,000 megawatts (MW) of electricity nationwide, to help cope with the frequent blackouts in the country.
Thu, 28 Jan 2010
Australian investor interested in Gorontalo`s mining
Gorontalo (ANTARA News) - Besides Japanese and Malaysian, an Australian investor has also expressed interest in cooperation in the mining sector in Gorontalo province.Brian, the Australian investor, said here on Wednesday he would like to invest in the mining sector in Gorontalo because the...
Thu, 28 Jan 2010
Indonesia`s heavy equipment sales forecast to rise 25% this year
Jakarta (ANTARA News/Asia Pulse) - Heavy equipment sales in Indonesia are forecast to rise 25 per cent to 9,000 units this year with growing demand mainly from the mining and plantation sectors.Improved prices of mining and plantation commodities in the world market resulted in brisker activities...
Thu, 28 Jan 2010
Investment falls, as reforms incomplete
Foreign direct investment, which makes up the bulk of direct investments each year, fell 27.2 percent in value last year as total cumulative investment only stood at Rp 97.38 trillion (US$10.82 billion) by the end of December.
Thu, 28 Jan 2010
Labor law 'discourages' labor-intensive industry
Association of Indonesian Businesspeople (Apindo) chairman Sofyan Wanandi said Thursday the existing labor law had discouraged investment in labor-intensive industries."We in Apindo have tried to help attract investment in the labor-intensive industry.
Thu, 28 Jan 2010
Investment in Toll Roads the Most Expensive
TEMPO Interactive, Jakarta:Recapital Securities Research Division chief, Poltak Hotradero is of the opinion that toll road infrastructure is the most expensive investment in Indonesia. The highest cost must be spent on land release.
Thu, 28 Jan 2010
Shoe Factory in China Moves to Indonesia
TEMPO Interactive, Tangerang:Trade Minister Mari Elka Pangestu said there seems to be a tendency for shoe manufacturers in China to relocate to Indonesia. The strengthening Chinese yuan can be one reason for this, along with the increasing cost of manpower and its regulations in China.
Thu, 28 Jan 2010
Foreign Property Ownership to be Extended to 70 Years
Thursday, 28 January, 2010 | 15:16 WIBTEMPO Interactive, Jakarta:Foreign property ownership will be extended from 25 years to 70 years. “The regulations formulation is completed. It only waits for the Housing Minister stamp,” said Lucy Rumantir, Jones Lang LaSalle Indonesia Chairman, in a press...
Thu, 28 Jan 2010
Lombok Deal With Emaar Expires, says Indonesia
Officials Throw Lombok Project A Final Lifelineby Janeman LatulLocal and central government officials are mounting a last-ditch attempt to salvage a giant resort plan for Lombok that all but collapsed earlier this month.
Thu, 28 Jan 2010
Investment falls, as reforms incomplete
Foreign direct investment, which makes up the bulk of direct investments each year, fell 27.2 percent in value last year as total cumulative investment only stood at Rp 97.38 trillion (US$10.82 billion) by the end of December.
Thu, 28 Jan 2010
ASEAN-US Business Council Seek More Support From Indonesia
TEMPO Interactive, Jakarta: Representatives for US businesses have approached Indonesian government to persuade the government to produce more supportive investment policies in different field of business before deciding larger investments in the Indonesia.
Wed, 27 Jan 2010
Finance ministry expects upgraded rating to attract investment
Jakarta (ANTARA News) - The Finance Ministry expects Indonesia`s upgraded credit rating from BB to BB+ to encourage more foreign investment inflows to the country."It is expected the upgraded credit rating will not only make the cost of borrowing more efficient but also encourage more foreign...
Wed, 27 Jan 2010
Govt should intensify domestic market protection: Apindo
Jakarta (ANTARA News) - The government must intensify domestic market protection because renegotiations of the ASEAN-China Free Trade Agreement (ACFTA) cannot be counted on, a business community spokesman said.
Wed, 27 Jan 2010
Minister to propose verification for seven kinds of imports
Jakarta (ANTARA News) - To protect domestic industries from the impact of free trade, Industry Minister MS Hidayat is to propose compulsory verification for seven kinds of imported goods.He said here Tuesday, the seven kinds of goods are cosmetics, ceramics, steel, energy-efficient lamps, cell...
Wed, 27 Jan 2010
Indonesia cuts capacity of planned geothermal plants
JAKARTA (Reuters) - Indonesia has cut the planned capacity of geothermal power plants it will start building this year by 18 percent to 3,900 megawatts (MW), an official at the mines and energy ministry said on Tuesday.
Wed, 27 Jan 2010
Indonesia to kick off $1 bln green investment fund
JAKARTA, Jan 26 (Reuters) - Indonesia plans a $1 billion green investment fund this year to drive infrastructure developments that aid growth and help cut greenhouse gas emissions, a finance ministry official said on Tuesday.
Wed, 27 Jan 2010
CVC leads foreign investment in Indonesia with deal for store chain
CVC Capital Partners has struck a Rp7,200bn ($770m) deal to acquire Indonesia's leading department store chain, in the strongest sign to date of increasing foreign investor interest in the country.Pending regulatory approval, the buy-out group will gain control of Jakarta-listed Matahari Department...
Wed, 27 Jan 2010
ACFTA creates export opportunities, says President
President Susilo Bambang Yudhoyono said the free trade agreement between ASEAN and China (ACFTA) would not threaten Indonesia’s industries, but create opportunities for local businesses to export more goods.
Wed, 27 Jan 2010
No Amdal, no coal mining in Kalimantan: Ministry
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not have environmental impact analysis documents (Amdal).The State Environment Ministry said it would use its new authority, as stated in the 2009...
Wed, 27 Jan 2010
Indonesia’s tourism — a national tragedy
I'm pretty sure there is no surfing in Raja Ampat ... I think they might mean diving. Correct me if I'm wrong! Raja Ampat is an unreal place
Mon, 25 Jan 2010
Haggling Over Paddies a Roadblock to Infrastructure Development
The unfinished six-lane highway ends a five-minute walk from Nur Salim’s rice paddy in Java. The road, part of a commercial artery through the world’s most-populated island, is stalled because the farmer wants more money for a plot the size of a tennis court.
Mon, 25 Jan 2010
Government issues new double taxation regulation
The government has introduced a new set of regulations regarding double taxation agreements (DTA), aimed at tackling misuse of such agreements.The Directorate General of Taxation has made changes to the regulations and administrative procedures for taxpayers who apply for double taxation.
Mon, 25 Jan 2010
Indonesia to host world food exposition next week
The Indonesian Chamber of Commerce and Industry (Kadin) is gearing up to host an international conference and exhibition on food, aimed at introducing domestic producers to the global market.President Susilo Bambang Yudhoyono will launch the two-day "Feed the World" event on Jan.
Mon, 25 Jan 2010
Ten Thousand Dairy Cows to be Imported for Milk Production
Ten Thousand Dairy Cows to be Imported for Milk ProductionMonday, 25 January, 2010 | 12:44 WIBTEMPO Interactive, Jakarta:The Indonesian Cattle Breeders Association chairman, Teguh Boediyana, said to meet the national demand for milk, at least 10.000 dairy cows must be imported every year.
Mon, 25 Jan 2010
Indonesia Vows To Protect Domestic Market
Minister Mari Elka Pangestu said over the weekend that a postponement of the implementation of the Asean-China Free Trade Agreement was not an option and that Indonesia must rely on other methods to protect its domestic market and limit damage to its companies and workers.
Sun, 24 Jan 2010
Indonesia’s tourism — a national tragedy
"Both during the quick-win and long-term phases, the tourism recovery effort has to be supported by appropriately directed promotional campaigns with a common national branding. Malaysia has its “Truly Asia”, India its “Incredible” claim while Singapore and Thailand have respectively...
Fri, 22 Jan 2010
Free trade threatens national resilience
Quoting: biznews["It is feared to create unemployment and systemically damage national resilience in a new form, namely economic warfare," He should know, it's a war that was waged on Indonesia's poorest for 30 years by his party.
Fri, 22 Jan 2010
ASEAN-China Free Trade Market Still On, President Says
TEMPO Interactive, Jakarta:President Susilo Bambang Yudhoyono has said the government is still maintaining its commitment in carrying out the ASEAN-China Free Trade agreement.“Indonesia does not want to be seen as not complying with what has already been formulated by ASEAN members,” Yudhoyono...
Fri, 22 Jan 2010
Free trade threatens national resilience
golkar rentiers crawl out from the woodwork...
Fri, 22 Jan 2010
Free trade threatens national resilience
Jakarta (ANTARA News) - Implementation of the Asean-China Free Trade Agreement (ACFTA) will pose a serious threat to the national economic foundation and resilience.Member of Golkar Party faction at the House of Representative`s (DPR) Commission-I Fayakhun Andriadi said here on Friday that if ACFA...
Fri, 22 Jan 2010
West Sulawesi Touted as FDI Target
West Sulawesi could attract up to $1 billion in foreign direct investment this year, Investment Coordinating Board chairman Gita Wirjawan said during a visit to the province on Thursday.Gita said West Sulawesi’s agricultural and fisheries resources, as well as its oil reserves and potential as a...
Fri, 22 Jan 2010
ASEAN-China FTA: Lessons to learn for policy makers
Ever since the ASEAN-China Free Trade Agreement was implemented, concerns have risen over the readiness of Indonesia’s industries to compete with China’s labor and products.Most industries were worried that, without protective measures, their goods would be replaced in the Indonesian market by...
Thu, 21 Jan 2010
Indonesia’s tourism — a national tragedy
Quote:Bunaken averaged only about 10,000 foreign visitors a year for as long as one can remember, versus more than 4 million for the similar Pattaya in Thailand.I hear Pattaya's very popular with the muffdiving crowd.
Thu, 21 Jan 2010
Indonesia’s tourism — a national tragedy
Quoting: biznews - often the wrong types who cannot appreciate the unique local culture and natural environment -
Thu, 21 Jan 2010
Indonesia’s tourism — a national tragedy
Government officials at all levels claim that Indonesia’s tourism is doing well, with each year seeing robust advancements. On the contrary, however, all the data indicate how dismally Indonesia’s tourism has done this past decade.
Thu, 21 Jan 2010
China’s Investment Increases after Free Trade
TEMPO Interactive, Jakarta:Investments made by China in Indonesia have increased following the implementation of the ASEAN-China Free Trade Agreement (FTA) earlier this year.“The average investment has been US$ 50 million per year from 2005 until 2009," said Industry Minister M.S. Hidayat.
Thu, 21 Jan 2010
Foreign Investors to Rise Agriculture Investments in Papua
TEMPO Interactive, Jakarta: The Agriculture Department said more foreign and domestic investors are interested to food and agriculture potentials of Papua and China, Saudi Arabia, and Singapore are venturing opportunities to invest in food estate projects in the island.
Thu, 21 Jan 2010
Mining Groups May Seek Judicial Review of 2009 Law
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are unable to reach a solution with the government.The law’s implementing decree seeks to limit the work that mining companies can outsource to companies not...
Wed, 20 Jan 2010
Indonesia's finance minister may go by Feb: report
well, i guess the jakarta post figured it was no longer a story. despite the fact that the issue spread worldwide in nearly every major media outlet and news service on the basis of the story that was planted in their own paper.
Wed, 20 Jan 2010
Indonesia's finance minister may go by Feb: report
Jakarta Post versionYudhoyono fumes over political deal speculationErwida Maulia , The Jakarta Post , Jakarta | Tue, 01/19/2010 10:26 PM | NationalPresident Susilo Bambang Yudhoyono on Tuesday angrily struck out at media reports of his alleged plan to replace Finance Minister Sri Mulyani Indrawati...