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Thu, 31 Jan 2008
UNCAC: Corruption in the Business Sector Not Yet Overcome
Thursday, 31 January, 2008 | 16:27 WIBTEMPO Interactive, Jakarta: The business world forum in the Second-Round Conference on the United Nations Convention of Anti-Corruption (UNCAC) yesterday (30/1) said it considered that the efforts to tackle corruption in the business sector were still not yet...
Thu, 31 Jan 2008
First Media to Expand Business
Thursday, 31 January, 2008 | 17:54 WIBTEMPO Interactive, Jakarta: PT First Media, an Internet network and cable television provider, is expanding its business by developing a TV content provider production station.
Thu, 31 Jan 2008
Farmers benefit by going organic
Smiling and talking casually despite the strong aroma of cow urine coming from the bucket in front of him, Ketut Wiantara looked very happy as though he was rich with treasures.The urine was his real treasure though, for later it would be mixed with water to create organic fertilizer and pesticides.
Thu, 31 Jan 2008
Ubud organic market needs more space
The front yard of Pizza Bagus in Pengosekan, Ubud, was bustling with activity one recent morning.Vendors had transformed the cramped yard into Ubud's first organic market. Buyers carefully scoured piles of various organic food products, from fruits and vegetables to bread, honey, and ice cream.
Thu, 31 Jan 2008
Reputation the key to retail in Indonesia: Survey
While globally consumers are influenced by promotions and pricing discounts in selecting grocery stores, Indonesians are most likely to base their decision on a store's reputation for being cheaper, a survey shows.
Thu, 31 Jan 2008
Danareksa latest survey: Business sentiment down
Martin Jenkins, AnalystIn order to forecast economic activity in the near future, economists have a number of tools available at their disposal. One of the most useful of them is the Business Sentiment Index (BSI).
Thu, 31 Jan 2008
Time for alternative basic foods: Minister
Amid high prices in some of the country's key commodities such as soybeans and rice, Industry Minister Fahmi Idris said Wednesday it was time for Indonesians to consume alternative commodities such as corn, cassava and other types of beans on a daily basis.
Thu, 31 Jan 2008
House's anti-graft commitment questioned
NUSA DUA, Bali (JP): The House of Representatives came under fire for failing to have a delegation present at an important session of the international anti-corruption conference especially for lawmakers on Wednesday.
Thu, 31 Jan 2008
Business players join anticorruption drive
NUSA DUA, Bali (JP): Business delegates reaffirmed their commitment to the global campaign against corruption during an international conference here Wednesday.During the five-day conference, set to end Friday, they said they would establish principles aligned to the fundamental values enshrined in...
Wed, 30 Jan 2008
Pekalongan`s textile industry on brink of collapse
Pekalongan, Central Java (ANTARA News) - The textile industry in Pekalongan, Central Java, is reeling under the weight of sharply increased prices of cotton and rayon, and facing tight competition from cheaper imported products, a spokesman said.
Wed, 30 Jan 2008
Consortium to tender Palapa Ring network procurement
A consortium commissioned to develop the Palapa Ring fiber-optic network expects to launch bidding registration February for the project's procurement, an official says."We are about to finish the terms and conditions for the procurement and are hoping to invite bidders mid February," consortium...
Wed, 30 Jan 2008
RI property sector: How robust is the new tax regime?
The tax office has proposed a new tax system for property developers. For some companies the new legislation may prove to be a new year's gift; for others however it may turn out to be a handicap.The new regulations would impose a 5 percent final tax on revenues for big developers and a minimum 1...
Wed, 30 Jan 2008
Corruption busters in Bali
I wonder if the immigration people will try to extort money from people attending the UN conference on efforts to battle corruption.
Wed, 30 Jan 2008
Looming US recession not to affect Indonesia`s investment growth
Jakarta (ANTARA News) - The looming US economic recession will not affect Indonesia`s investment growth if the government issues policies favoring investment inflows, an official said.To increase the investment growth, the government must attract investors to engage in the manufacture of raw...
Wed, 30 Jan 2008
Bali`s exports increase 9.8 percent to $504 million
Denpasar, Bali (ANTARA News) - Bali`s non-oil/non-gas exports last year rose 9.8 percent to US$504 million from a year earlier, a trade official said."The foreign exchange earnings exceed the target of US$473.
Wed, 30 Jan 2008
Govt to extend food commodity fiscal incentives
Jakarta (ANTARA News) - The government was expected to extend food commodity fiscal incentives to enhance the national food resilience, Finance Minister Sri Mulyani Indrawati, said here Tuesday.The government has given fiscal incentives in the form of value added tax on vegetable oils to maintain...
Wed, 30 Jan 2008
Corruption busters in Bali
The billions of dollars in state assets allegedly stolen by former president Soeharto, who died Sunday, could again become a hot topic of international debate during the United Nations conference on corruption beginning in Bali Monday.
Tue, 29 Jan 2008
2008 Retail Sector Close to Peak
Tuesday, 29 January, 2008 | 15:54 WIBTEMPO Interactive, Jakarta: The growth of property in the retail sector this year is predicted to reach its peak, or highest demand. After the 1998 economic crisis, this sector grew ahead of other sectors.
Tue, 29 Jan 2008
Industrial estate prices 'to remain stable'
Agustina Wayansari, The Jakarta Post, JakartaThe price of industrial estates is likely to remain stable in Jakarta and Greater Jakarta this year due to slow demand, recent research shows."Considering demand is likely to remain slow this year, prices are expected to remain stable at around Rp...
Tue, 29 Jan 2008
Ad spending expanded 17% last year
Advertising expenditure grew 17% last year as mobile phone operators stepped up competition, Bloomberg reported. Total spending rose to Rp35.12 trillion ($3.7 billion) from Rp30.03 trillion a year earlier, Maika Randini, business development manager of Nielsen Media Research, said.
Tue, 29 Jan 2008
Lombok begins construction of int'l airport
West Nusa Tenggara Governor HL Serinata laid a foundation stone on January 19 to officially commence construction work on the Lombok International Airport, The Jakarta Post reported.The new airport will be located in Tanak Awu village, Central Lombok Regency, around 35 km from Mataram.
Tue, 29 Jan 2008
World's largest organic fertilizer plant for W. Kalimantan
The world`s largest organic fertilizer plant with a production capacity of 300,000 tons per year is expected to begin operating in West Kalimantan in the middle of this year, a local agricultural official said, Antara reported Monday (21/1/08).
Tue, 29 Jan 2008
Hyundai to invest $40M in truck plant
South Korean auto-maker Hyundai Motor Co. plans to invest $40 million in its truck and bus assembly plant in Indonesia, local reports said Friday (25/1/08), Xinhua reported. The investment will go to local subsidiary PT Korindo Heavy Industry which manufactures bus and truck chassis with a capacity...
Tue, 29 Jan 2008
Indonesia mulls setting up infrastructure bank
Jakarta (ANTARA News) - The Indonesian government is considering setting up a specialised bank that focuses on providing long-term financing only for infrastructure projects, a central bank deputy governor said on Monday.
Tue, 29 Jan 2008
Corrupt governance damages Soeharto's economic legacy
Only an economic crisis could bring down President Soeharto, a political analyst once commented in the early 1990s when the authoritarian ruler began serving his sixth consecutive term with an ever stronger autocracy.President Soeharto's regime fell along with the economic collapse in May, 1998.
Mon, 28 Jan 2008
Indonesian footwear industry fails to go the extra mile
Although external factors provided some leeway for the country's footwear industry to boost overall output last year, it failed to live up to its potential because persisting operational obstacles continued to undermine its performance.
Mon, 28 Jan 2008
Indonesian Investors Extremely Optimistic
Monday, 28 January, 2008 | 12:58 WIBTEMPO Interactive, Jakarta: Compared to investors in other countries, investors in Indonesia are extremely optimistic that the US economy, which is now sluggish due to the sub-prime mortgage crisis, will improve soon.
Mon, 28 Jan 2008
Watching Bali's Number
Local Tourism Observer Calls on Bali Tourism Board to Collect, Analyze and Carefully Reflect on Tourism Data.(1/27/2008) In an op-ed piece published in the Bali Post, a tourism commentator, who writes under the name "Gregorius," has called on Bali to pay more attention to the collection and...
Mon, 28 Jan 2008
Indonesia urged to speed up adoption of ecolabeling
JAKARTA (JP): Analysts stressed on Monday the need for the country's forestry-related companies to speed up the adoption of ecolabeling in orderto maintain their export market and ensure the sustainability of forest resources.
Mon, 28 Jan 2008
Coal producers required to prioritize meeting domestic needs
Jakarta (ANTARA News) - The government required all coal mining concessionaires to supply all of part of their coal to the domestic market.Mineral and Coal Director General at the Ministry of Energy and Mineral Resources Simon Sembiring said in Jakarta on Friday that under the contracts with the...
Mon, 28 Jan 2008
RI property industry predicted to grow at 5-10 pct only in 2008
Jakarta (ANTARA News) - Developers said that property industry in Indonesia was predicted to grow at 5 to 10 percent in 2008 only due to market uncertainty and various economic turbulences at home and abroad.
Mon, 28 Jan 2008
Indonesia December trade surplus expected to widen as import growth slows
Jakarta (ANTARA News) - Indonesia's trade surplus is expected to widen in December from November as exports bounce back while imports slow down, according to economists polled by Thomson Financial.The Central Bureau of Statistics will release the trade data next Friday.
Sun, 27 Jan 2008
Who are Indonesia's ethnic Chinese?
And here I tohught they were just a bunch of arrogant asses and thieves.............
Sat, 26 Jan 2008
Govt raises CPO reference prices
Jakarta (ANTARA News) - The Indonesian Trade Ministry raised Friday the export reference price (HPE) of crude palm oil for February to US$944 per metric ton from US$869 per metric ton a month earlier after the CPO price in Rotterdam hit a record high of US$1,000 per metric ton.
Sat, 26 Jan 2008
Asean agrees to launch tourism joint promotion drive
Jakarta (ANTARA News) - All ASEAN member countries have expressed agreement to the Indonesian proposal to implement the ASEAN tourism joint promotion with a view to increasing the number of tourists visiting the region, a minister said.
Sat, 26 Jan 2008
Indonesia enjoys US$1.1 billion surplus balance of payments
Denpasar, Bali (ANTARA News) - Indonesia`s balance of payments experienced a surplus of US$1.1 billion in the third quarter of 2007, or much higher than the previous prediction of US$0.4 billion, a central bank official said here on Friday.
Fri, 25 Jan 2008
Indonesia in Fifth Place for Mobile Advertisement Users
now we know where all the SMS spam comes from ...arseholes!
Fri, 25 Jan 2008
Less software piracy means more jobs, more state revenue: Study
Indonesia should be able to create 2,200 new jobs, generate an additional US$1.8 billion in economic growth and gain $88 million more in tax revenue by reducing software piracy by 10 percent by 2011, a study says.
Fri, 25 Jan 2008
BMW sales rebound from 2006 decline on improving economy
PT BMW Indonesia, a local subsidiary of Munich-based luxury car manufacturer BMW AG, bounced back from a steep decline in sales in 2006 to post a 66.7 percent rise last year on an improving economy, an executive says.
Fri, 25 Jan 2008
State firms in logistics, tourism sector 'did well'
The performance of a total 31 state-owned companies in the logistics and tourism sectors showed encouraging progress last year in earnings and profits, a senior official said.Total revenues rose by 14.7 percent to Rp 40.4 trillion (about US$4.3 billion) in 2007 from Rp 34.4 trillion in 2006.
Fri, 25 Jan 2008
Chartered flight business promising, says a player
JAKARTA (JP): Publicly listed chartered airline company PT Indonesia Air Transport is upbeat about business prospects in the country, amid an intensified drive by the government to boost oil production.
Fri, 25 Jan 2008
PLN to build two thermal plants in Southeast Sulawesi
Makassar (ANTARA News) - State electricity firm PT PLN and a private company will build two thermal power plants with a combined capacity of 40 MW in Southeast Sulawesi province this year.PLN will also build distribution networks to connect the power plants to the existing interconnection networks,...
Fri, 25 Jan 2008
Indonesia in Fifth Place for Mobile Advertisement Users
Thursday, 24 January, 2008 | 16:41 WIBTEMPO Interactive , Jakarta: Indonesia is in fifth place of the users of advertisement services via Internet mobiles that can be accessed by cellular phones.According to research by AdMob, an United States' Internet mobile market network provider company,...
Fri, 25 Jan 2008
Crisis Threatens Southeast Asia
Thursday, 24 January, 2008 | 16:16 WIBTEMPO Interactive, Jakarta:The International Monetary Fund (IMF) has warned that Southeast Asian countries may be the worst hit by the impacts of the United States' weakening economy, compared to other regions.
Fri, 25 Jan 2008
Growth of Indonesia`s exports to Japan may slow down in 2008
Jakarta (ANTARA News) - The growth of Indonesia`s exports to Japan may slightly slow down in 2008 in view of the economic recession in the United States.The growth of Indonesian exports to the United States had been predicted to decline substantially as the result of economic recession there.
Fri, 25 Jan 2008
Cides: Invite foreign investors to develop agricultural sector
Jakarta (ANTARA News) - Director of the Center for Information and Development Studies Umar Juoro said the government should endeavor in improving agricultural production to address the problem of the currently rising food prices.
Fri, 25 Jan 2008
Who are Indonesia's ethnic Chinese?
there have certainly been improvements in the social situation for indonesian chinese since 1998. maybe not great improvements, but improvements nonetheless.to some extent, i feel that the ball is now in the chinese court: can they make the necessary adjustments and compromises with the 'pribumi'...
Thu, 24 Jan 2008
Government Prepares Soybean Subsidy of Rp200 Billion
The Australian is reporting that there has been a suicide linked to the rising cost of the soyabean!
Thu, 24 Jan 2008
Who are Indonesia's ethnic Chinese?
Okay, I am generally an optimist sort...hopefully this author is right in that there will be "broader acceptance" in political and economical participations of ethnic Chinese minority. My question to all JCers, do you share the author's sentiment that it is moving in the "right direction'?