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Tue, 30 Jun 2009
Realized investment in production forests tops Rp 6.1 trillion in first half
The Indonesian forestry industry could see up to Rp 15 trillion (US$1.5 billion) in investments this year, of which Rp 6.1 trillion has already been realized, a senior Forestry Ministry official said Monday.
Tue, 30 Jun 2009
Expediting investment licenses
President Susilo Bambang Yudhoyono last week issued a regulation which now requires all 524 regency and municipal administrations to quickly and efficiently process all business licenses needed by an investor through a one-stop licensing centre.
Tue, 30 Jun 2009
Foreign mining firms required to divest shares
The government will require 20 percent of shares in mining companies entirely owned by foreign shareholders to be divested to local partners, in accordance with the new mining law,an official says.Speaking at a forum on Monday, Bambang Setiawan, the director general for coal, minerals and...
Tue, 30 Jun 2009
Govt Cancels Plan to Take Over Airport Railway Project
TEMPO Interactive, Jakarta: The government said it has dropped plans to take over the train project connecting downtown Jakarta with the Sukarno-Hatta Airport in western tip of Jakarta. Transport Minister Jusman Syafii Djamal said on Monday (29/6) a new contractor, China harbour Indonesia had...
Tue, 30 Jun 2009
Indonesia, New Zealand FTA within months: Ministers
Indonesian and New Zealand Free Trade Agreement talks under the auspices of the Asean bloc have been progressing well despite the economic crisis and both countries expect the bilateral arrangement can be concluded within months, say foreign ministers, The Jakarta Post reported.
Tue, 30 Jun 2009
Saudi Arabian investors eye opportunities in W. Java
A number of Saudi Arabian businessmen are interested in investing in agricultural and animal husbandry sectors as well other small and medium business sectors in West Java, Antara reported.The investors' interest was expressed during a meeting between West Java Governor H Ahmad Heryawan and Saudi...
Tue, 30 Jun 2009
Japan to bring investors to Indonesia: Envoy
The Japanese government will bring investors to Indonesia in the near future, the country�s Ambassador Kojiro Shiojiri said on Tuesday, adding that they are especially interested in the infrastructure and agriculture sectors, Antara reported.
Tue, 30 Jun 2009
Riau palm oil industrial cluster to cost Rp20T
Construction of an upstream palm oil industrial cluster in Dumai, Riau, will cost around Rp20 trillion ($3 billion), head of the provincial industry and trade office Herliyan Saleh said, Asia Pulse reported.
Tue, 30 Jun 2009
China Harbour to bid for Jakarta airport railway project
China Harbour wants to take part in a tender to build a railway project to link Soekarno-Hatta airport with Jakarta, Asia Pulse reported.Tenders held twice previously failed for lack of interest in the project.
Tue, 30 Jun 2009
Dutch Lead Overseas Investors Here, BKPM Says
The deputy chairman of the Investment Coordinating Board said on Monday that the Netherlands was the No. 1 investor in Indonesia over the past six months, although he declined to state the actual value of the investments.“We have the Netherlands as the No.
Tue, 30 Jun 2009
Administration to tender Batam-Bintan bridge project
Following the opening of the Suramadu Bridge, which now connects Java and Madura islands, the Riau Islands will offer a Rp 3.5 trillion (US$350 million) tender for the construction of a bridge to connect Batam and Bintan islands.
Mon, 29 Jun 2009
Foreign shareholders must sell 20 percent of shares in mining companies
With the implementation of the new mining law, the government will require foreign shareholders with 100 percent of participating interest in mining companies to sell at least 20 percent of their ownership to the central government, regional government, state enterprises or domestic private...
Mon, 29 Jun 2009
Lombok Developer Emaar to Merge Into Firm With $3.65b Debt
Dubai. The Middle East’s largest real-estate developer and a partner in a troubled joint venture for a mega tourism project in Lombok, said the entity created by its merger with three state-controlled competitors will have 13.4 billion dirhams ($3.65 billion) in debt obligations.
Sun, 28 Jun 2009
Gresik forecasts poor year, upturn by 2011
Despite the government stimulus program and some signs of recovery on the horizon, the state-owned cement company PT Semen Gresik says that the cement industry would continue to suffer a decline this year, with full recovery by 2011.
Sun, 28 Jun 2009
Bali Artistic Leader Calls for a Stop on Condotels
Quote:I have getting tired of having to pay for my sex.One way of putting it.
Sun, 28 Jun 2009
Bali Artistic Leader Calls for a Stop on Condotels
"creating an environment conducive to the excesses of modern life, such as free-sex and the use of narcotics."Where d i sign up? I have getting tired of having to pay for my sex.
Sun, 28 Jun 2009
Bali Artistic Leader Calls for a Stop on Condotels
Nyoman Gunarsa Says Condotels Threaten Balinese Culture.Bali News: Bali Artistic Leader Calls for a Stop on Condotels(6/27/2009) One of Bali's most famous artists and art curators, Nyoman Gunarsa, views the recent surge of "Condominium Hotels (Condotels)" as a detriment that does more...
Sun, 28 Jun 2009
Film makers to get tax break
The local film industry will soon benefit from new tax exemptions, now proposed by the culture and tourism ministry, to help local film production.Minister Jero Wacik told reporters at the Indonesian Creative Products Week on Friday that he had received verbal approval on help for the local film...
Sun, 28 Jun 2009
Big shift in export destinations on horizon
Government plans to shift exports from faltering traditional markets to new non-traditional markets to sustain export growth despite weakening global demand may be on track, a senior official says.Deputy to coordinating minister for the economy, in charge of industry and trade, Edy Putra Irawady,...
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
Quoting: viperaberushitamQuoting: Piss SalonWhatever gives me less grief. Piss is an Expat in Indonesia and wants the Indonesian Govt. to give him less grief is there such a thing as good grief?
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
Quoting: Piss SalonWhatever gives me less grief. Piss is an Expat in Indonesia and wants the Indonesian Govt. to give him less grief......Oh Piss a mind is terrible thing to waste.
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
Quoting: Piss SalonShouldn't the government sort its shit out first."A lack of coordination is one of the reasons why the BKPM and the ministry have produced widely divergent statistical data, according to analysts." steady on there, piss.
Sat, 27 Jun 2009
President opens Indonesia creative week 2009
"The future of our economy should not merely rely on agriculture, natural resources, industry, and conventional services, although they are the backbone of our national economy, but the creative economy and tourism economy should be stepped up as well," the president said.
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
Shouldn't the government sort its shit out first."A lack of coordination is one of the reasons why the BKPM and the ministry have produced widely divergent statistical data, according to analysts."
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
Seems like someone wants to retire........
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
At least Rp 100 trillion ($9.8 billion) per year will be needed to retool some of the country’s most labor-intensive industries over the next five years, amid falling competitiveness and the looming threat of more layoffs, Agus Tjahajana, the Industry Ministry’s secretary general, said on...
Sat, 27 Jun 2009
$5.38 billion of investment mobilized in the first quarter
Alfian, THE JAKARTA POST, JAKARTA The energy and mining sector secured about US$5.38 billion of inward investment in the first quarter of this year; about 21.19 percent of the $25 billion targeted for 2009.
Sat, 27 Jun 2009
Govt SME policy hampered by bureaucratic delays
Government policy to optimize the consumption of local products via small and medium enterprises (SMEs) faces private sector questions due to bureaucratic delays and alleged corrupt practices.Indonesian Chamber of Commerce (Kadin) spokesperson for small and medium enterprises and people-oriented...
Sat, 27 Jun 2009
Costs but no benefits: Too many regions
Aditya Suharmoko, The Jakarta Post, JAKARTA Continued proliferation of administrative regions in Indonesia may no longer be economically sustainable, as it creates additional costs to the state with relatively small benefits, says government official in UNDP forum.
Sat, 27 Jun 2009
Batam Needs Small Ports
TEMPO Interactive, Batam: The Business Agency of Batam was asked to open small ports to support deliveries to islands within Batam. The establishment of Batam as a free-trade zone had rendered small ports inoperable.
Sat, 27 Jun 2009
US helping investors get clean energy opportunities in Indonesia
Jakarta, (ANTARA News) - Opportunity to finance environmentally friendly energy projects has attracted the attention of more than 100 industrial experts and investors participating in the Indonesian Clean Energy Investor Forum being held here today.
Sat, 27 Jun 2009
President opens Indonesia creative week 2009
Jakarta, (ANTARA News) - President Susilo Bambang Yudhoyono opened Indonesia Creative Week 2009 at the Jakarta Convention centre (JCC) here on Friday morning.Various activities such as creative products exhibition, seminar, workshop, training, consultation on intellectual property rights, and other...
Sat, 27 Jun 2009
President opens Indonesia creative week 2009
Jakarta, (ANTARA News) - President Susilo Bambang Yudhoyono opened Indonesia Creative Week 2009 at the Jakarta Convention centre (JCC) here on Friday morning.Various activities such as creative products exhibition, seminar, workshop, training, consultation on intellectual property rights, and other...
Fri, 26 Jun 2009
SA consulting group opens offices in China, Indonesia 0 COMMENTS | ADD A COMMENT PRINT EMAIL | By: Jona
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.The company says that increasing opportunities in China have “convinced it” to open a second office in Nanchang, in Jiangxi province, to complement the...
Fri, 26 Jun 2009
Manpower law should not be revised hastily :Yudhoyono
Jakarta (ANTARA News) - Presidential candidate with running number two, Susilo Bambang Yudhoyono believed that Law No.13/2003 regarding manpower affairs should not be too hastily revised.Yudhohono, who is also the incumbent president disclosed the issue when answering the moderator`s question...
Fri, 26 Jun 2009
Pertamina, Arrtu to build methanol plants for US$1.9 bln
Jakarta (ANTARA News/Asia Pulse) - Indonesian state oil and gas company PT Pertamina said it will team up with PT Arrtu Mega Energie (AME) to build two methanol factories at a total cost of US$1.9 billion.
Fri, 26 Jun 2009
Hotel Association Demands Restriction on New Hotels
TEMPO Interactive, Jakarta: Hotel and restaurant association in Indonesia urged the Semarang Municipal administration to curb hotel growth in the city, fearing unproportional growth in number of hotels and customers.
Fri, 26 Jun 2009
Indonesia Embroiled in Antidumping Offensive as Crisis Chokes World Trade
As struggling firms scramble for markets and try to wind down inventories, allegations of dumping have become the order of the day on the international trade front, with Indonesia finding itself on the receiving end of eight new dumping charges and measures over the last five months.
Fri, 26 Jun 2009
Q1 Oil, Gas Investment Only 20% Of Full-Year Forecast
Investment in the domestic oil and gas sector reached $3.35 billion in the first quarter, just 20 percent of the total full-year target of $16.6 billion.Investment in the upstream oil and gas sector reached $2.
Thu, 25 Jun 2009
Overseas Investors Eying Local Health Care Market
Foreign investors are beginning to turn their eyes from the country’s mining and energy industries to health care despite heavy regulation of the sector, according to Standard Chartered Bank.Bala Swaminathan, the bank’s South East and East Asia wholesale banking head, said on Tuesday that...
Thu, 25 Jun 2009
Intel Keen on Increasing Local Presence
Plummeting demand for computers and slumping industry profits aside, the world’s biggest chipmaker, Intel, says it is committed to expanding its presence in Indonesia.Founded in 1968 and based in Santa Clara, California, Intel saw its first-quarter net profit tumble to $647 million from $1.
Thu, 25 Jun 2009
Tax Service Announces $145m Tech Overhaul
The Finance Ministry’s Directorate General of Taxation plans to launch a worldwide tender between September and early 2010 for a $145 million project to revamp its computerized information system, in line with concerted efforts in recent years to expand the country’s extremely low taxpayer...
Thu, 25 Jun 2009
Riau moves to start RI downstream CPO industry
The Riau government, already good at attracting investment, is moving aggressively to set up the nation's first downstream industrial cluster for the palm oil industry, to start to catch up with Malaysia.
Wed, 24 Jun 2009
Asian economies feel the pull of protectionism
Indonesia's industry minister proposed earlier this year that the country's civil servants - all 4m of them - should buy and wear only locally made shoes.In the end this policy - a response to the global economic crisis - was opposed by others in the government.
Wed, 24 Jun 2009
K S Oil buys land in Indonesia for palm plantation
Mumbai, Jun 24 : Leading edible oil producer, K S Oils limited has acquired 35,000 acres of palm plantation in Indonesia for an undisclosed amount in continuation of its strategy of acquiring palm plantation assets in South Asia.
Wed, 24 Jun 2009
Indonesia’s current palm oil production far from target
KUALA LUMPUR: Indonesia’s plan to achieve about 40 million tonnes of annual palm oil production by 2020 is still up in the air, says Indonesian Palm Oil Board (IPOB) vice-chairman Derom Bangun.He said currently the average oil palm plantation yields in Indonesia, the world’s largest palm oil...
Wed, 24 Jun 2009
Ministry to Squash Insect Infestations With Regulation on Import Containers
The Ministry of Agriculture plans to screen and treat all wooden containers and packaging materials entering the country’s ports to protect domestic producers from foreign organisms or insects, a ministry official said on Tuesday.
Wed, 24 Jun 2009
Cepu Oil Output to Increase: BPMigas
Oil production from Cepu block, the nation’s largest oil deposit, will reach its preliminary target of 20,000 barrels a day in August as a land dispute hampering the project has been resolved, a senior official of upstream oil and gas regulator BP Migas said on Tuesday.
Wed, 24 Jun 2009
Nation’s First Physical CPO Market Unveiled by JFX
The Jakarta Futures Exchange on Tuesday launched the nation’s first organized physical market for crude palm oil, which will be traded exclusively online, in an attempt to create a new price benchmark, a JFX executive said.
Wed, 24 Jun 2009
Bintan Resort has two new ferry boats to serve Singapore
Bintan (ANTARA News) - To support sea transportation, especially for tourists to reach Lagoi resort in Bintan regency, Bintan Resort Pte Ltd (BRF) added two ferry boats to serve the Singapore-Lagoi route in Riau Islands.