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Tue, 30 Nov 2010
12 foreign companies to invest in Indonesia: BKPM
A dozen foreign companies have expressed interest in making more than US$5 billion in investments in Indonesia over the next three to five years, an official says."Their interests include coal, railways, ports and bauxite smelting," Investment Coordinating Board (BKPM) chairman Gita...
Tue, 30 Nov 2010
No foreign contractors for Sunda bridge: Hatta
The government says no foreign contractors will be involved in building the planned 26-kilometer-long Sunda Strait bridge between Java and Sumatra.“The bridge will be an icon of our nation’s rebirth.
Tue, 30 Nov 2010
Sarinah to open five branches next year
Sarinah department store says it will open five branches next year to raise its revenue 20 percent.Three branches would be opened locally and two overseas, Sarinah president director Jimmy Gani said on Tuesday as reported by kontan.co.id business newsportal.
Tue, 30 Nov 2010
Regulatory Issues Stalling Pertamina Open Book Plan
Indonesia. The State Enterprises Ministry is facing regulatory hurdles in making unlisted state oil and gas company Pertamina more transparent by requiring it to issue financial reports on the national bourse like a publicly trading company.
Tue, 30 Nov 2010
Indonesia May See $5b Surge as Indian Firms Eye Power Stakes
Jakarta. India’s foreign direct investment may surge to $5 billion in the next three to five years as its companies invest in coal production and power plants in Indonesia.“The investment value could reach about $5 billion,” Gita Wirjawan, head of the Investment Coordinating Board (BKPM),...
Tue, 30 Nov 2010
Sunda Strait Bridge to Be Built in 2013
VIVAnews - The Indonesian government has outlined a plan to build the longest bridge in the world on the Sunda Strait, West Java. The final phase of the designing has reportedly been in place.Yesterday evening, Nov 29, the government held talks with the Governor of Banten, West Java, on the issue.
Tue, 30 Nov 2010
S Korea's Lotte Eyeing Indonesia's Hypermart
VIVAnews - Lotte Group, largest retailer in South Korea, will make a final offer to PT Matahari Putra Prima Tbk in its attempt to buy Hypermart. Through the buy plan, Lotte is more than ready to deal with its future competitor Carrefour SA in Indonesia.
Tue, 30 Nov 2010
Furniture Exports Increase by 20 Percent
TEMPO Interactive, Surakarta:Furniture entrepreneurs in Surakarta can relax. Before the year has ended, furniture orders from abroad have been flooding in, especially for the Christmas and New Year celebration.
Tue, 30 Nov 2010
Bangka Barat to develop beach as vacation resort
Muntok, Bangka Island (ANTARA News) - The administration of Bangka Barat district in Bangka-Belitung (Babel) province is planning to develop Batu Rakit beach into a family tourism area."Batu Rakit beach will be developed into a resort for family outings," local Culture and Tourism Office...
Tue, 30 Nov 2010
Govt not to limit but channel foreign capital inflows : Minister
Jakarta (ANTARA News) - The government will not impose limits on foreign capital flows into the country but channel them so as to spread them evenly over different sectors, a spokesman said."We will not in any way put limits on foreign capital inflows but we intend to spread the flows over...
Tue, 30 Nov 2010
Indonesia integrated in East Asia trade
Jakarta (ANTARA News) - Indonesia as a developing country which has been integrated with the rapidly growing international trade in East Asia, with China as its main driving force, World Bank senior economist Sjamsu Rahardja said.
Tue, 30 Nov 2010
Indonesia Verifies Issue on Bicycle Exports
every couple of sundays they close jalan thamrin-sudirman to traffic. the middle class drive their kijang to a side-road, get out their expensive road-racers, and proceed to parade up and down the empty jalan protokol.
Mon, 29 Nov 2010
Indonesia Verifies Issue on Bicycle Exports
^That's not far off wrong. You should see the price of things in places like Rodalink, BSD.Its amazing. Places like that are catering to fashion, not people interested in riding a bike.There are lots of people using them for genuine reasons.
Mon, 29 Nov 2010
Harrad Hotel Saga Continues
Denpasar municipal officials and the owners of the Hotel Harrad continue to try to find a workable solution to address the many violations of building and zoning regulations committed by the Sanur property.
Mon, 29 Nov 2010
Bali: 5 Million Foreign Tourists by 2015?
Bali's Governor Wants to Double Foreign Tourist Arrivals in Four Years.(11/27/2010) Bali's visionary governor I Made Mangku Pastika remains confident that foreign tourist arrivals will continue to grow, reaching 5 million visitors by 2015.
Mon, 29 Nov 2010
Govt urged to "Buy Indonesian"
Quoting: jumintensetuju! cintailah produk dalam negeri! saya sangat mencintai produk dalam negeri..cuman ada salah satu produk dalam negeri yang tidak begitu aku sukai..makanya aku ambil produk dari luar ;-)
Mon, 29 Nov 2010
Govt urged to "Buy Indonesian"
A senior politician wants the government to buy locally made products to bolster Indonesia’s economy.“Indonesia is better known as a foreign products user - not as a producer. Thus, the government should start protecting local products,” former Regional Representatives Council speaker...
Mon, 29 Nov 2010
Yahoo Sees Lots of Potential in Indonesia’s Burgeoning Internet Market
Jakarta. Global Internet giant Yahoo is gearing up to increase its presence in Indonesia after recently acquiring local location-based service provider Koprol and launching a campaign to attract first-time Internet users.
Sun, 28 Nov 2010
Indonesia Verifies Issue on Bicycle Exports
i have observed the same phenomenon ... and the bikes that are being purchased aint cheap: Rp20-30jt. owning a bike and all the accessoraries has become a new middle class status symbol.
Sun, 28 Nov 2010
South Sulawesi Hoping to Become World Food Supplier
TEMPO Interactive, Makassar:The South Sulawesi Provincial Government hopes to be one of the world food suppliers. The opportunity come from the “food basket” concept proposed at the BIMP-EAGA Agricultural and Fisheries annual meeting in Makassar yesterday.
Sun, 28 Nov 2010
Coffee to be included in plantation revitalization program
Jakarta (ANTARA News) - The Ministry of Agriculture will include coffee as one of the commodities to be prioritized in the plantation revitalization program next year, a minister said.Agriculture Minister Suswono said here on Saturday that at present the plantation revitalization program only...
Sun, 28 Nov 2010
Minister wants end to RI`s raw material exporting era
Bandung, West Java (ANTARA News) - Industry Minister MS Hidayat said Indonesia needs to stop being an exporter of raw materials so as to develop its own industries."It is my ambition to increase the volume of exports of goods other than raw materials.
Sun, 28 Nov 2010
Govt to develop Arabica coffee
Jakarta (ANTARA News) - The government will focus on the development of Arabica coffee next year, a cabinet minister said."Indonesia`s arabica coffee is quite popular in the world market, therefore, the government will focus on the development of arabica coffee.
Fri, 26 Nov 2010
Bright Future Seen for Growth in Current Climate
Jakarta. Top executives and investment bankers are optimistic about business growth in Indonesia, particularly in the commodity and service sectors, citing strong economic fundamentals and political stability.
Fri, 26 Nov 2010
Tiga Pilar Plans $175 Million Palm Oil Expansion on Rising Global Demand
Tiga Pilar Sejahtera Food, an Indonesian producer of dried noodles, may spend $175 million to plant oil palm trees and buy a plantation company in Sumatra to tap growing demand for the commodity.Tiga Pilar will plant 15,000 hectares to 16,000 hectares of land it owns next year at a cost of as much...
Fri, 26 Nov 2010
Economy Does Not Depend on Top Companies:BI
VIVAnews - Bank Indonesia and the National Statistics Agency expect that the inflation rate can be slowed down. Should there be lower inflation rate, the Bank Indonesia (BI) Rate may have another cut, which will result in lower lending rate. Eventually, lending rate may reach its one-digit level.
Fri, 26 Nov 2010
Indonesia-Poland Trade Expected to Grow
TEMPO Interactive, Jakarta:Romuald Morawski, the Polish Trade Promotion and Investment Division chief, thinks trade between Indonesia and Poland will grow by 20 percent. However, Poland has been suffering from trade deficits because it trades more often with European countries.
Fri, 26 Nov 2010
Indonesia’s Tiga Pilar Plans $175 Million Palm Oil Expansion
PT Tiga Pilar Sejahtera Food, an Indonesian producer of dried noodles, may spend $175 million to plant oil palm trees and buy a plantation company in Sumatra to tap growing demand for the commodity.Tiga Pilar will plant 15,000 hectares to 16,000 hectares (37,000 acres to 39,500 acres) of land it...
Fri, 26 Nov 2010
Business Is Good, but Could Be Better, Says US Envoy A. Lin Neumann
US President Barack Obama’s quick trip to Indonesia last week helped cement warm ties between the two countries on a number of different levels, the new US ambassador said.But trade and investment ties, while growing, may be held back by protectionist measures that could dampen the appetite of US...
Fri, 26 Nov 2010
Cabotage principle to cause sharp drop in RI`s oil production
Jakarta (ANTARA News) - Indonesia`s oil production will drop by up to 270,000 barrels per day , if the cabotage principle is applied to foreign contractors in 2011, the country`s oil and gas industry`s regulator said.
Thu, 25 Nov 2010
Foreign oil drilling vessel can still operate
Some foreign-owned vessels, including oil drilling vessels, will be exempt from the law on cabotage until May, Transportation Minister Freddy Numberi says.The temporary exclusion from the law, which restricts foreign-owned vessels from operating in Indonesia’s waters, would support the...
Thu, 25 Nov 2010
Indonesia Verifies Issue on Bicycle Exports
TEMPO Interactive, Jakarta:The Trade Minister is cooperating with the European Union to clear issues on bicycle product circumvention. “There are assumptions that bicycles from China are being exported to Europe through Indonesia,” said Ernawati, the Trade Ministry’s Trade Security director,...
Thu, 25 Nov 2010
Indonesia Government Plans to Finalize Land Reform Law by End of Year
Jakarta. A draft bill to regulate land acquisition for public projects was sent to the president last week and would reach the legislature before the end of the year, the head of the National Land Agency said on Wednesday.
Thu, 25 Nov 2010
Sitti Invites Bloggers to Challenge Google
VIVAnews - New startup has only been launched in Indonesia. Sitti has indexed more than 20 terabytes of data; comprising 12 million articles, 12 million Twitter accounts, 10 million Facebook conversations, 20 thousand words of slang and 2.
Thu, 25 Nov 2010
Indonesia's domestic coal sales to hurt future exports
JAKARTA, Nov 24 (Reuters) - Indonesia's requirement for miners to sell more coal for the domestic market may squeeze supply within the next three to four years as domestic demand rises and production capacity is struggling to expand as quickly, officials said on Wednesday.
Thu, 25 Nov 2010
Pertamina Develops Geothermal Electricity
TEMPO Interactive, Jakarta:The Pertamina Geothermal Energy (PGE) is developing 765 megawatt (MW) of potential geothermal energy. The project, said Zainal Ilmie Bachrun, the Planning and Development director of PGE, is part of the geothermal energy long term development to produce 1.
Thu, 25 Nov 2010
Indonesian vice president calls for reform on bureaucracy
JAKARTA, Nov. 24 (Xinhua) -- Indonesian Vice President Boediono on Wednesday reminded all government officials in key positions to continuously make bureaucratic reforms as an effort to lure much needed foreign investment, Antara news wire said here.
Thu, 25 Nov 2010
Bengkulu to build dockyard
Bengkulu (ANTARA News) - The regional government of Bangkulu province is planning to build a dockyard at Pulau Baai port in an effort to increase its income from the port services sector, a local official said.
Thu, 25 Nov 2010
Domestic bicycle production expected to reach 3.5 mln next year
Jakarta (ANTARA News) - Domestic bicycle production is expected to reach a record high of 3.5 million next year after several bicycle makers plan to raise their production capacity, a spokesman said.The annual domestic bicycle production which now reached less than 2 million units still fell short...
Wed, 24 Nov 2010
Vallar must weigh up Indonesia’s risks and benefits
To the ancient Romans, vallar was the laudatory adjective applied to the legionary who first surmounted the enemy’s ramparts and broke into his camp.At first sight, that is what Nathaniel Rothschild has done with a $3bn deal that will turn his Vallar cash shell into a London-listed Indonesian...
Wed, 24 Nov 2010
Coca Cola Amatil meets with SBY, pledges to up investment
Australia-based Coca Cola Amatil will increase its investment in Indonesia by A$100 million per year, it was announced when the company’s managing director Terry Davis met Wednesday with Indonesia’s President Susilo Bambang Yudhoyono.
Wed, 24 Nov 2010
Indonesian High Court Hands Victory to Carrefour in Monopoly Case
Jakarta. The Supreme Court has rejected the Business Competition Supervisory Commission’s appeal of its ruling that voided sanctions against French-based retailer Carrefour for unfair market practices.
Wed, 24 Nov 2010
Is Indonesia Important in Global Economy?
VIVAnews - Asian countries, including Indonesia, are gaining more improvements in the economy and divert the attention of western countries to the East. The rising economy in Asia as a result causes the countries to join in the eastern economic order.
Wed, 24 Nov 2010
China Asked to Invest in Shipping
TEMPO Interactive, Jakarta:The government has asked China to invest in shipping and harbor development. One of the industry potential, said Edy Putra Irawadi, deputy Coordinating Minister for the Economy, in charge of Industry and Trade, is the big volume, 110.
Wed, 24 Nov 2010
Govt invites Chinese investors to develop ports
Jakarta (ANTARA News) - The Indonesian government is inviting Chinese investors to increase their investment in the shipbuilding and port sector in Indonesia, an official said.The Chinese investment in the sector would pave the way for the government plan to develop national connectivity and...
Tue, 23 Nov 2010
Belgium Interested in Investing in Jakarta
TEMPO Interactive, Jakarta:Belgium is interested in investing in waste water management, harbor construction, and processing of clean water in Jakarta. Belgium Ambassador to Indonesia, Christiaan Tanghe, with 10 investors from Belgium, met Jakarta government representatives yesterday.
Tue, 23 Nov 2010
Govt to earmark Rp1.1 trillion to cover geothermal exploration risks
Jakarta (ANTARA News) - The government will earmark Rp1.162 trillion to cover the risks of a geothermal exploration project linked to a plan to construct power plants through a public-private partnership (PPP) scheme, an official said."The House of Representatives (DPR) has approved Rp1.
Tue, 23 Nov 2010
Downstream Palm Oil Industry Needs Incentives
TEMPO Interactive, Jakarta:The Coordinating Minister of the Economy, Hatta Rajasa, said that downstream palm oil industry needs incentives because of its high export value. “People are not motivated to build the downstream industry,” said Hatta yesterday.
Tue, 23 Nov 2010
Indonesia-China Breaks Record on Trade
VIVAnews - Total trade volume between China and Indonesia is targeted to reach US$40 billion by 2010.Chinese Ambassador to Indonesia, Zhang Qiyue, said the trade volume of both countries between January and October 2010 reached US$33.75 billion."It rises 53.