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Wed, 29 Apr 2009
IT Giant Expands To Jakarta
Undeterred by bearish global economic conditions, Ohio-based Teradata, a giant information and technology firm specializing in data warehousing, is set to open an office in Indonesia today because of promising prospects in the local market.
Wed, 29 Apr 2009
The untouchable bureaucracy
The state personnel corps (Korpri) - civil and military personnel - is likely the only institution in this country that does not need to be worried about the results of the April 9 legislative elections and the July 8 presidential election, because whoever wins either of them, the bureaucracy will...
Wed, 29 Apr 2009
President asks district cheifs to improve autonomy`s quality
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has asked district administration chiefs across the country to improve the quality of regional autonomy.Speaking at a function to open the 3rd national conference of the All-Indonesia Association of District Administrations APKASI) at the...
Wed, 29 Apr 2009
Jakarta properties hit by crisis in Q1
Aditya Suharmoko, The Jakarta Post, JakartaJakarta's property market has been hit by the impact of the global financial crisis since the first quarter this year as demand faltered, real estate services firm Jones Lang LaSalle says.
Tue, 28 Apr 2009
Indonesia mining rules may deter investors-officials
Indonesia mining rules may deter investors-officialsJAKARTA, April 27 (Reuters) - Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest economy is to attract new investment in the sector, industry officials...
Tue, 28 Apr 2009
Indonesia mining rules may deter investors-officials
JAKARTA, April 27 (Reuters) - Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest economy is to attract new investment in the sector, industry officials said.
Mon, 27 Apr 2009
22 provinces apply for special economic zone status
As many as 22 provinces have applied for Special Economic Zone (SEZ) status, a program which may be implemented starting next year, an official said on Tuesday, The Jakarta Post reported.Bambang Susantono, an official at the Coordinating Ministry for the Economy in charge of infrastructure and...
Mon, 27 Apr 2009
Indonesia to place officials in tax haven countries
Indonesia plans to install tax officials in countries considered tax havens for recalcitrant local companies, which regularly evade taxes and cause the country significant losses in potential revenue.Director general of taxation Darmin Nasution said Friday the placement of tax officials was part of...
Sat, 25 Apr 2009
Traditional oil miners in Bojonegoro do not reject investors
Bojonegoro (ANTARA News) - Local crude oil miners in Beji, Hargomulyo and Wonocolo villages, Kedewan subdistrict, Bojonegoro, did not reject investors joining this activities."The oil miners could accept investors joining their mining operations," said Kedewan subdistrict chief Hery...
Sat, 25 Apr 2009
OZ Minerals says it is to sell Indonesian project
Sydney (ANTARA News) - Australian miner OZ Minerals on Friday said it had agreed to sell its Martabe gold and silver project in Indonesia to a Hong Kong-listed investment company for more than 200 million US dollars.
Fri, 24 Apr 2009
RI ‘the most confident country’ in facing crisis
The Jakarta Post, JAKARTA Indonesia boasts the highest consumer confidence index in the world, a survey by the Nielsen Company shows, effectively brushing off any threat to economic activities here from the global economic crisis.
Fri, 24 Apr 2009
Indonesia needs to develop international oil palm system
Jakarta (ANTARA News) - Indonesia, as the world`s largest crude palm oil producer, needs to develop an oilpalm system of international standard, according to an official."We need to develop an Indonesian-style oilpalm system, we are the largest CPO producer and exporter, we need to set up the...
Thu, 23 Apr 2009
Indonesia attracted $2 bln in foreign capital in Q1
Jakarta (ANTARA News) - As much as US$2 billion in foreign capital funds flowed into Indonesia during the first quarter of 2009, reflecting a recovery of investors` confidence in the country, a minister said.
Thu, 23 Apr 2009
Indian Firm Seeks to Buy More Indonesian Oil Palm Plantations
Singapore. KS Oils, one of India’s major edible oil companies, is considering the purchase of more oil palm plantations in Indonesia as part of its strategy to secure crude palm oil supplies for its fast-growing market, a company official said on Tuesday.
Thu, 23 Apr 2009
Government re-launches Love Indonesia program
The government has re-launched "Cinta Indonesia" (Love Indonesia) program to induce people on using more Indonesia -made products."Many Indonesian, especially the upper class people, are reluctant to buy Indonesia products because they think the products have less quality than...
Thu, 23 Apr 2009
Investment in railways is like a train that is nearly always late
Andhika Suryadharma, Research Analyst Mass rapid transportation facilities in Indonesia remain undoubtedly inadequate and underutilized.Recently, a friend told me about a trip to Surabaya when he was forced to make a stop in Semarang station in order to use the bathroom as the toilet on the train...
Thu, 23 Apr 2009
RI to hold Indonesian products exhibition
Mustaqim Adamrah, The Jakarta Post, Jakarta The government will hold an exhibition of a wide range of Indonesian products on May 13 through 17.The exhibiton, organized by the Industry Ministry, will display, among others, capital goods and heavy equipment, the ministry's secretary-general Agus...
Thu, 23 Apr 2009
Handicraft exports down eight percent on sluggish demand
The Jakarta Post, Jakarta The total value of handicraft exports dropped by eight percent last year due to a slowdown in global demand for Indonesian products, Trade Ministry says.Trade Minister Mari Eka Pangestu said in Jakarta Wednesday that the handicrafts export in 2008 had plummeted to US$ 570...
Thu, 23 Apr 2009
ITS develops alternative fuel from waste, tides
Surabaya's 10 November Institute of Technology (ITS) will focus on developing alternative fuels from the marine sector in an effort to anticipate the energy crisis in Indonesia.Besides developing biofuel from Jatropha and rubber seeds, ITS will also process banana and plastic waste into ethanol as...
Thu, 23 Apr 2009
Dreaming of Cheap Cars
And Tempo editorializes that putting more cars on the streets would be a dumb idea.Cheap Cars For What?EditorialTempo Magazine No. 34/IX | April 21-27, 2009Given the current state of the infrastructure, cheap cars are the last thing we need. Public transport is more important.
Thu, 23 Apr 2009
Dreaming of Cheap Cars
Originally Posted By: TempoUnfortunately, local investors are not yet interested in producing such cheap cars. “We’ve approached them…It seems they’re concerned about the risks, because car manufacturing requires large investments,” said Budi.
Thu, 23 Apr 2009
Dreaming of Cheap Cars
Dreaming of Cheap Cars for the WorldTempo Magazine No. 34/IXApril 21-27, 2009The government wants to turn Indonesia into the world’s cheap-car production base. Incentives will be provided, but there will be several constraints.
Wed, 22 Apr 2009
Smart Corp to build new CPO refinery
PT SMART Corp. plans to build a crude palm oil refinery to cost up to $50 million in Jakarta in the second half of this year, Asia Pulse reported on Thursday.The project was originally to be carried out in May last year, company investor relations director Pintasari Chandra told Investor Daily.
Wed, 22 Apr 2009
Will the Economy Improve? Yes, No, Maybe, Say Analysts
Several domestic economic indicators in the first quarter were showing signs of bottoming out, three economists said, meaning the economy might not slump much further this year. Despite this, it was too soon to say whether the improvements were the “green shoots” of recovery or just a...
Wed, 22 Apr 2009
New Investments in Bali Drop Ambitious Invetsments Targets
Ambitious Invetsments Targets Unlikely to Be Achieved in 2009. Calls for Stronger Sanction in New Zoning Law to Protect Bali's Environment.(4/20/2009) During the first quarter of 2009, the investment picture in Bali became stagnant with no new applications for domestic projects and only Rp.
Wed, 22 Apr 2009
Investors see RI market as 3rd most optimistic
The Indonesian capital market has retained its position as the third most optimistic market in the Asia-Pacific region in the first quarter of this year.A survey released last week by the Dutch financial services giant ING, placed Indonesia after India and China, strengthening its position as one...
Wed, 22 Apr 2009
Government Asked to Intervene in Carrefour Case
Tuesday, 21 April, 2009 | 12:29 WIBTEMPO Interactive, Jakarta:The Business Competition Monitoring Commission (KPPU) is urging the government to immediately intervene in the case of monopoly charges against Carrefour.
Wed, 22 Apr 2009
Govt moves to end KAI's railway monopoly
The government will soon introduce a regulation paving the way for the liberalization of the railway sector, with an analyst highlighting the need for equal treatment among players, to attract private companies and investment.
Thu, 16 Apr 2009
Consumer confidence improves ahead of elections
Consumer confidence improved in March to its highest level since December 2007, a Bank Indonesia (BI) survey showed, thanks to campaign spending by political parties ahead of elections, Reuters reported.
Thu, 16 Apr 2009
Business welcomes election result, urges more reforms
The Indonesia Stock Exchange’s Composite index may rise 23% by the end of the year after a record decline in 2008 on expectations the elections will promote stability, the nation’s biggest pension fund said, Bloomberg News reported.
Thu, 16 Apr 2009
Real Estate Down and Out As Jakarta Market Hits Skids
The Jakarta property market is in a serious slump, with first-quarter demand sharply down across almost all sectors, and the industry is unlikely to see improvement until next year, analysts said on Wednesday.
Thu, 16 Apr 2009
CSR remains mandatory for firms, court rules
Corporate social responsibility (CSR) will remain mandatory for companies, after the Constitutional Court upheld a provision obliging such programs, dashing the interests of the business community.The latter, represented by several associations, argued that CSR programs should be voluntary,...
Thu, 16 Apr 2009
Indonesia optimistic its economy will grow 4.5 percent
Originally Posted By: chewwyUKYour glass is always half empty kuku! we're doomed, i tell you, we're doomed.
Thu, 16 Apr 2009
Indonesia optimistic its economy will grow 4.5 percent
Your glass is always half empty kuku! The outlook in Indonesia a hell of a lot better than Europe / USA / Singapore and we should thank our lucky stars!
Thu, 16 Apr 2009
Indonesia optimistic its economy will grow 4.5 percent
don't get too smug! indonesia is insultated to a degree due to the strength of its domestic economy (assisted by huge injections of election campaign money), and to the fact that it does not have a long way to fall.
Wed, 15 Apr 2009
New customs measures to help exporters
Aditya Suharmoko, THE JAKARTA POST, JAKARTA The Finance Ministry’s directorate general of customs and excise has issued a policy extending the period of use of raw materials and capital goods for re-export to 24 months.
Wed, 15 Apr 2009
Indonesia optimistic its economy will grow 4.5 percent
Jakarta (ANTARA News) - Indonesia is optimistic its economy will grow 4.5 percent in 2009 in spite of the impact of the global financial crisis on several of its economic sectors.Its finance minister Sri Mulyani Indrawati said after a limited cabinet meeting on economy on Monday "our...
Wed, 15 Apr 2009
Rupiah Could Strengthen To 10,000: Barclays Report
The rupiah may advance to its highest level against the dollar since October in the next six months as an improving global economy spurs foreign investors to buy the nation’s assets, according to Barclays Capital.
Tue, 14 Apr 2009
KPPU, Carrefour monopoly hearing stalemate
The Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) has declared the retailer’s recent acquisition of publicly listed rival PT Alfa Retailindo is in line with regulations. However, the monopoly watchdog KPPU has announced its objection to the takeover over concerns...
Tue, 14 Apr 2009
Indosmelt plans US$500 mln copper proccesing plant in Sulawesi
Jakarta (ANTARA News/Asia Pulse) -- Indonesia's PT Indosmelt plans to build a copper processing factory in the regency of Maros, South Sulawesi with an investment of US$500 million.Construction of the project will start next year in cooperation with an Australian investor Ausmelt (ASX:AET),...
Tue, 14 Apr 2009
North Sulawesi to Have Geothermal Energy
Tuesday, 14 April, 2009 | 14:37 WIBTEMPO Interactive, Jakarta: The State-owned geothermal company (PLTP) Lahendong units 1, 2, and 3, will supply electricity for people in North Sulawesi by using geothermal energy.
Tue, 14 Apr 2009
Malaysian co to jointly develop petroleum city in Indonesia
Seremban, Malaysia (ANTARA News/Asia Pulse) - The Al-Aidid Petro Corporation Sdn Bhd (APCSB), is set to undertake the development of an integrated petroleum city on Breueh Island in northern Aceh, Indonesia.
Tue, 14 Apr 2009
Indonesia in search for foreign investors
ISTANBUL - Indonesia has set a goal to attract $358 billion of private investment by 2010 and hopes foreign investors, including Turkish businesses, will provide some of the capital, Muhammad Lutfi, chairman at Indonesia’s investment coordinating board, said in Istanbul yesterday.
Tue, 14 Apr 2009
Carrefour Questioned On Alleged Monopoly
The Business Competition Supervisory Commission, or KPPU, brought PT Carrefour Indonesia in for questioning on Monday as part of a probe into allegations that the French supermarket chain was operating a monopoly.
Mon, 13 Apr 2009
RI exports may drop by 50% in Q2, Kadin says
Originally Posted By: biznews[size:14pt]RI exports may drop by 50%The government has allocated a Rp 73.3 trillion ($6.4 billion) stimulus package to help cushion the impact of the crisis. (fmb/hdt) Thats a lot of viagra!
Mon, 13 Apr 2009
Smuggled food & beverages up as controls weaker in elections
Mustaqim Adamrah, THE JAKARTA POST, JAKARTA Smuggled food and beverages have entered northern parts of Sumatra because of weakening government supervision during elections, alleges a business association.
Mon, 13 Apr 2009
Consumption boosts growth
We believe Finance Minister Sri Mulyani Indrawati’s preliminary estimate that Indonesia’s economy could have expanded by 4.6 percent in the first quarter was by no means dressed up to make the Susilo Bambang Yudhoyono government look good in the July presidential election.
Sun, 12 Apr 2009
Villa construction frenzy paving Bali paradise
Sounds like the time is ripe for a little land reform at the sharp end of a sabit.
Sun, 12 Apr 2009
Villa construction frenzy paving Bali paradise
PC No its a diversion, but the central issue is valid. Bali is being destroyed and water rights are certainly a part. the major issue is zoning. Many foreigners want a "Rice field view" when they buy their dream.