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Sun, 28 Jan 2007
Mining Companies Asked to Increase Production
I was referring to all of Newmont's operations in Indonesia, even tho' the minister is talking about Batu Hijau (on Sumbawa) and the court case is Minahasa (on Buyat Bay in N. Sulawesi). And the Bay is still beautiful, that is the whole point of the defense's argument.
Sun, 28 Jan 2007
Mining Companies Asked to Increase Production
just read the court records, Pity that area was a beautiful pristine place
Sun, 28 Jan 2007
Mining Companies Asked to Increase Production
Out of Curiosity which Newmont mine are we referring to here, it isnt Minahasa by any chance Reason I ask is I worked to build that mine
Sat, 27 Jan 2007
Pertamina sheds corrupt practices, earns billions
They would make even more if they were able to stop shit like this!
Sat, 27 Jan 2007
Pertamina sheds corrupt practices, earns billions
Once a symbol of corruption, state oil firm Pertamina has embarked on an internal reform program under new leadership and has reaped billions of dollars in investments to double its oil and gas output.Speaking to the media here Thursday, Pertamina President Ari H.
Fri, 26 Jan 2007
Indonesia exploring cooperation with overseas retail trade firms
Jakarta (ANTARA News) - The Indonesian Trade Ministry is exploring the posssibility of cooperation with retail trade firms in Japan and the USA to conduct in-store promotions of Indonesian branded products, the ministry`s chief said."With such a cooperation, we hope we can boost our exports.
Fri, 26 Jan 2007
Investment in cement industry in 2007 about US$1.4 billion
Banda Aceh, Aceh (ANTARA News) - Total investment in cement industry in 2007 reaches about US$ 1.4 billion, head of the National Investment Coordinating Board (BKPM) Muhammad Lutfi said.Lutfi made the remarks here on Thursday during his visit to the capital city of Nanggroe Aceh Darussalam (NAD),...
Fri, 26 Jan 2007
Govt to build environment-friendly power plant in East Kalimantan
Jakarta (ANTARA News) - The government is planning to build an environment-friendly thermal power plant running on sludge fine coal wastes in East Kalimantan as recommended by a study conducted as part of a "Care For Mahakam" program, Energy and Mineral Resources Minister Purnomo Yusgiantoro said.
Fri, 26 Jan 2007
Mining Companies Asked to Increase Production
TEMPO Interactive, Jakarta: The Department of Energy and Mineral Resources has asked that three gold and copper mining companies increase production.The three companies are PT Freeport Indonesia, PT Inco and Newmont Batu Hijau.
Fri, 26 Jan 2007
Qatar Investment Fund to Be Finalized Next Week
TEMPO Interactive, Jakarta: The government will soon finalize the establishment of the Qatar Investment Fund (QIF).“The Finance Minister and I will finalize this when we met investors-to-be in the Middle East,” said Alwi Shihab, the President's Special Envoy of Middle East Region, after meeting...
Fri, 26 Jan 2007
Seventeen Investors Interested in Drinking Water Project
TEMPO Interactive, Jakarta: A total of 17 investors are interested in investing in a drinking water project at Tangerang.This project is one of the 10 projects that the government offered at the 2006 Infrastructure Summit.
Fri, 26 Jan 2007
Telecommunications sector has bright prospects in Indonesia
Chandra Sahala Pasaribu, Equity AnalystThe telecommunications industry remains attractive despite the high inflation of 2006.Last year, the total number of subscribers climbed to almost 65 million, representing a healthy growth rate of 38.6 percent.
Fri, 26 Jan 2007
Bali hopes to attract 1.6 mln foreign tourists
Denpasar (ANTARA News) - Bali is hoping to receive 1.6 million foreign tourists and 2.8 million domestic tourists in 2007."We have made various efforts and breakthroughs to improve the tourism industry in Bali.
Fri, 26 Jan 2007
Indonesia no longer needs loans from West, president says
Jakarta (ANTARA News) - Indonesia no longer needs help from its main group of Western donors and will rely more on its own funding for development plans, President Susilo Bambang Yudhoyono said Wednesday.
Fri, 26 Jan 2007
Singapore construction stocks lower on Indonesian sand exports
Singapore (ANTARA News) - Construction counters were lower after the government of Indonesia said, in effect, that it had banned the export of sand to protect the country's environment, dealers said.Indonesia is Singapore's main source for sand for making concrete.At 9.
Thu, 25 Jan 2007
IMF : Accelerating growth a key challenge for Indonesia
that's my point exactly....
Thu, 25 Jan 2007
IMF : Accelerating growth a key challenge for Indonesia
almost all the growth is due to the strength of the domestic economy. that won't last forever.just imagine what growth indonesia could achieve if the govt/bureaucracy *did* get their FDI act together!
Thu, 25 Jan 2007
IMF : Accelerating growth a key challenge for Indonesia
If they failed to reach their target in 2006, then they don't have any chance of reaching 6.3% this year...but i suppose that's still the IMF's fault.It just blows me away that a country with reverse FDI and a bankrupt govt can still achieve over 5% growth based on the sale of Indo-mie, cigarettes...
Thu, 25 Jan 2007
IMF : Accelerating growth a key challenge for Indonesia
Jakarta (ANTARA News) - Having succeeded in bringing down interest rates and inflation, the real challenge for Indonesia now is to accelerate economic growth, visiting IMF managing director Rodrigo de Rato said."The need for the country to increase its growth is certainly a very important challenge.
Thu, 25 Jan 2007
Indonesia's new tin rule good for industry
Jakarta (ANTARA News) - A new regulation limiting refined tin exports from Indonesia should help create fairer competition globally and support the world price of tin, Thobrani Alwi, president of the world's leading tin miner, PT Timah, said.
Thu, 25 Jan 2007
Kasnic Changes Name to PT Moody's Indonesia
TEMPO Interactive, Jakarta: PT Kasnic Credit Rating Indonesia will change its name to PT Moody's Indonesia. It was done after Moody's Corporation acquired 99 percent of shares of Kasnic of PT HT Capital and other local investors.Raymond W.
Thu, 25 Jan 2007
East Java Produces 47 Percent of National Sugar
TEMPO Interactive, Surabaya: East Java has succeeded in achieving annual production of 1.1 million tons of sugar, or 47 percent of national production of 2.3 million tons per year.The sugar was produced by 31 sugar refineries in the province.
Thu, 25 Jan 2007
Falling skies for Indonesian aviation
JAKARTA - The rise and fall of Adam Air, until recently Indonesia's most popular budget airline, has cast a harsh light on the country's weak regulatory regime and reaffirmed already entrenched foreign-investor perceptions about the private sector's often corrupt and careless business practices.
Thu, 25 Jan 2007
Cenko expands into power generation
JAKARTA: Small coal-trading company PT Central Korporindo International Tbk. (Cenko) has set aside Rp 110 billion (US$12 million) for the purchase of coal and Rp 50 billion more for the completion of its coal-fired power plant at Pangkalan Bun, Central Kalimantan.The power project, which is now 85.
Thu, 25 Jan 2007
More firms join race for major $1.6 billion fiber-optic project
Two more local firms have entered the fray to win a license for the construction and operation of the US$1.6 billion Palapa Ring fiber-optic project."Previously, we had three local investors expressing an interest in participating in the project.
Thu, 25 Jan 2007
Govt to ban sand, soil and topsoil exports
The Trade Ministry has issued a regulations banning the export of sand, soil and topsoil in order to protect the environment from degradation and maintain the nation's current maritime boundaries.The bans will come into effect on Feb.
Thu, 25 Jan 2007
Medco takes over 50 pct stake in Conoco Phillip ACeh
Jakarta (ANTARA News) - PT Medco Energi Internasional through its subsidiaries Medco Far East Ltd and Medco E&P Malaka has taken over a more than 50 percent stake in Conoco Phillips Aceh Ltd (CPAL).Hilmi Panigoro, President Director of PT.
Thu, 25 Jan 2007
US mulls investment accord with Indonesia ahead of FTA
WASHINGTON (AFP) - The United States is looking into signing an investment treaty with Indonesia this year to set the pace for a larger free trade pact that could boost bilateral trade by up to 40 percent.
Thu, 25 Jan 2007
Garuda's 2006 Net Loss Narrows
It simply blows my mind how a national carrier with a near monopoly in such a massive market can post a loss at all...They have reduced it to ONLY 33m?? Does this mean they reduced the amount of management larceny and political/military parasites recieving their retainers as well...
Wed, 24 Jan 2007
PLN Signs 10 Power Purchase Deals
State-owned power firm, PT PLN, on Tuesday (16/1/07) signed 10 power purchase contracts with local companies, which will build small power plants outside Java.The combined electricity PLN will buy from these companies will total 850 MW, PLN director Ali Herman Ibrahim was quoted as saying by Dow...
Wed, 24 Jan 2007
PLN Signs 10 Power Purchase Deals
State-owned power firm, PT PLN, on Tuesday (16/1/07) signed 10 power purchase contracts with local companies, which will build small power plants outside Java.The combined electricity PLN will buy from these companies will total 850 MW, PLN director Ali Herman Ibrahim was quoted as saying by Dow...
Wed, 24 Jan 2007
2006 Auto Sales Down 40%
Sales of new vehicles in Indonesia plunged 40% in 2006, figures from the industry association showed Monday (15/1/07).Auto sellers felt the pinch due to higher interest rates, which were jacked up in 2005 in the wake of a spike in inflationary pressure stemming from dramatic fuel price hikes.
Wed, 24 Jan 2007
Manufacturing Seen Picking Up in 2007
Indonesia's manufacturing sector output is expected to grow a faster 7.9% in 2007, helped by higher consumption and lower interest rates, an Industry Department official said.The government estimated manufacturing probably grew 5% in 2006, less than a 6% official forecast made at the start of last...
Wed, 24 Jan 2007
2006 Advertising Spending Up 17% - Nielsen
Corporate expenditure on advertising in 2006 rose 17% to Rp30 trillion, Nielsen Media Research said.It noted that TV absorbed Rp20 trillion, or 67%, of the total spending, with the remainder shared by newspapers, magazines, radio and online media, XFN-Asia reported on Thursday (18/1/07).
Wed, 24 Jan 2007
Garuda's 2006 Net Loss Narrows
Flag carrier PT Garuda Indonesia posted a narrower net loss last year, due to reduced operating costs and improved efficiency, its president director, Emirsyah Satar, said on Wednesday (17/1/07).Garuda posted a net loss of Rp298.3 billion ($32.88 million) last year, compared to Rp688.
Wed, 24 Jan 2007
ASEAN Prepares ‘Green Line’ Facility
The 10 members of the Association of Southeast Asian Nations (Asean) are preparing a plan to facilitate the flow of goods in the region to boost regional trade.The facility, called the Green Line, will reduce operating costs and save more time in shipping goods, Asean secretary general Ong Keng...
Wed, 24 Jan 2007
PDC to Invest $50m to Grow Corn, Coffee
Singapore’s PDC Corp expects to invest about $50 million to set up corn and coffee plantations in North Sumatra. The investment will be disbursed over 18 months, beginning the second quarter of the current financial year.
Wed, 24 Jan 2007
Eight Carmakers Set Up Bases
Eight major car manufacturers from Japan, Europe and China have made Indonesia their production base, an official said.Toyota, Daihatsu, Honda, Suzuki, Nissan, Mitsubishi of Japan, BMW of Europe and Cherry of China have made Indonesia a production base, Director General for Transport Equipment and...
Wed, 24 Jan 2007
Govt. Targets New Investment in Footwear
The government this year aims to attract $125 million in fresh investments in the footwear industry and increase shoe exports by 15% to $1.7 billion."We are confident about the targets as the European Union continues to impose an anti-dumping import duty on Chinese products," the Industry...
Wed, 24 Jan 2007
Incentives for Gas Industry
President Susilo Bambang Yudhoyono told the opening of a natural gas seminar on Tuesday (16/1/07) that the government will further ease investment procedures and offer more incentives to attract investment in the sector.
Wed, 24 Jan 2007
New cars running low on gas, hit by fuel price hikes
The industry hit hardest by the twin fuel price hikes of 2005 was perhaps the automotive industry, more precisely, the new-car market. No surprises there, considering cars are a family's second-largest "investment" and unlike the home, they run on fuel.
Wed, 24 Jan 2007
Staunch critic questions govt capacity to deliver growth
Indonesia's economy would be poised for higher economic growth this year were it not for inability of the government of President Susilo Bambang Yudhoyono to deliver, according to a staunch critic of the government.
Wed, 24 Jan 2007
Foreign investors begin eyeing RI as investment destination
Foreign investors have began eyeing Indonesia as an investment destination besides China, India and Vietnam thanks to its increasingly stable economic and political conditions, Bank Indonesia (BI) Governor Burhanuddin Abdullah said.
Tue, 23 Jan 2007
RI`s oil output expected to increase by 80,000 BPD
Take Madura and Oyong out of the equation. The pipeline used to export from these fields is the one which blew up in Sidoarjo!
Tue, 23 Jan 2007
RI`s oil output expected to increase by 80,000 BPD
Jakarta (ANTARA News) - Indonesia`s oil output this year is expected to increase by 80,000 barrels per day after eight new oil fields have come on stream, an oil industry official said."With the increase in output, we are optimistic the national oil production target of 1.
Tue, 23 Jan 2007
Total plans $6 bln investment in Indonesia
Paris-based oil and gas firm Total plans to increase investment by 6 billion US dollars in its Indonesian unit for the next five years, its CEO said here Monday."We have doubled investment to 1 billion dollars in the last three years.
Tue, 23 Jan 2007
Es Teller 77 becomes icon of local franchise business
The Es Teler 77 franchise has been setting benchmarks for Indonesian franchisees and their businesses since its creation.The business's founder calls himself Mister Teler (Drunken Man), but no drunkenness is involved in the running of his 25-year-old company, which has been a pioneer in the...
Tue, 23 Jan 2007
Hutchinson to Invest US$1 Billion in 2007
TEMPO Interactive, Jakarta: PT Hutchinson Telecommunications will invest US$1 billion, or around Rp9.1 trillion, for required capital expenditures this year.Siddharta Sidik, a Director of Hutchinson Telecommunications, said that the plan was aimed at expanding the services network.
Tue, 23 Jan 2007
Government Preparing CPO Policies
TEMPO Interactive, Jakarta: The government will revise its policies on crude palm oil (CPO) so that the product becomes a first-rank exported commodity without reducing domestic supplies.Minister of Industry Fahmi Idris said that in order to develop downstream industries, five million tons of CPO...
Tue, 23 Jan 2007
Government to Expand Role of Investment Agency
TEMPO Interactive, Jakarta: The government is going to expand the role of the Government Investment Agency.According to Finance Minister Sri Mulyani, initially, the Government Investment Agency only received a mandate of granting investment bail-out funds for infrastructure projects that used...