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Fri, 30 Jan 2009
Incentives plan for CBM
The government is mulling fiscal incentives to attract investment in coal-bed methane (CBM) projects, Finance Minister Sri Mulyani Indrawati said Wednesday, Dow Jones reported.Chris Phillips, president and chief executive at Vico Indonesia, said that tax incentives would help boost investment to...
Fri, 30 Jan 2009
Govt. to reevaluate incentives for oil and gas sector
The government said it would reevaluate incentives in the oil and gas sector taking into account the contribution of the sector to the country's economy, Asia Pulse reported.Coordinating Minister for Economy Sri Mulyani Indrawati said incentives have been provided for investment in the oil and gas...
Fri, 30 Jan 2009
Minister calls for eco-friendly palm oil plantations
Agriculture minister Anton Apriyantono has called for continued development of eco-friendly and sustainable palm oil plantations in view of the good prospects of the palm oil market, Antara reported. "Palm oil plantations are proven to have played a significant role in the national economy...
Fri, 30 Jan 2009
Lotte Shopping to open 26 new Indonesia stores
Lotte Shopping Co. plans to invest up to Rp9 trillion ($804 million) to open 26 new outlets in Indonesia up until 2013, a company official said Tuesday, Dow Jones reported.PT Lotte Shopping Indonesia president director Moon Young-pyo told reporters the new stores will boost its total outlets in...
Fri, 30 Jan 2009
Indonesia FDI surges by 43.8% in 2008
Indonesia's foreign direct investment in 2008 rose sharply by 43.8% to $14.87 billion from 2007, according to data from the Investment Coordinating Board (BKPM), Xinhua reported.Most of the investment was in the sectors of transportation and communication, it said.
Fri, 30 Jan 2009
No more extension for tax amnesty, Mulyani says
Aditya Suharmoko, The Jakarta Post, Jakarta Despite the success of the government’s tax amnesty for administrative violators, dubbed as the Sunset Policy, there will be no extension beyond the Feb. 28 deadline.
Fri, 30 Jan 2009
Indonesian NGO backs villagers in fight against palm oil
Deep in the forests of Indonesian Borneo, a small environmental group is using education and common sense to arm villagers against the devastating onslaught of palm plantations.Yayasan Orangutan Indonesia (Yayorin) was founded in 1991 with the goal of saving Indonesia's endangered orangutans and...
Fri, 30 Jan 2009
Sunset Policy for NPWP Netted Rp 5.56tr in Taxes
Minister of Finance Sri Mulyani Indrawati said on Thursday the so-called “Sunset Policy” contributed Rp 5.56 trillion ($489.28 million) in additional tax revenue last year, equal to 15.2 percent of last year’s total tax surplus.
Fri, 30 Jan 2009
Additional Subsidies for Biofuels Win Preliminary Approval
byMita Valina LiemA proposal to allocate an additional Rp 774 billion ($68.11 million) in subsidies for biofuel producers came a step closer to passage as a legislative committee signaled endorsement of the idea - in principle - on Thursday.
Thu, 29 Jan 2009
CPO producers see `good' prices
CPO producers see `good' pricesThe Jakarta Post , Jakarta Producers of crude palm oil (CPO) expect prices to reach as high as US$600 per ton this year, betting on higher domestic sales which would help avoid oversupply in global markets, thus stabilizing the prices.
Thu, 29 Jan 2009
Indonesia to host int'l palm oil conference
JAKARTA, Jan. 28 (Xinhua) -- Indonesia, the world's largest palm oil producer, is to hold international palm oil conference here on May 27 to 29, the committee of the conference said on Wednesday. Over 1,000 producers, the government officials in charge on palmoil industry and others stakeholders...
Thu, 29 Jan 2009
CPO Industry Expects Stricter EU Import Rules
Having already been stung by plunging international prices and decreased demand, Indonesia’s crude palm oil producers are bracing for a possible ban on their products by the European Union, which is expected to issue two environmentally-friendly regulations in a bid to encourage sustainable palm...
Thu, 29 Jan 2009
Foreign Investment Expected to Decline
Indonesia is likely to have a tough time sustaining foreign investment growth this year due to tight liquidity and fierce international competition amid the economic slump, a report from the country’s investment promotion agency says.
Thu, 29 Jan 2009
Businesses Slam Government Flip-Flops Over Stimulus
Businesses Slam Government Flip-Flops Over Stimulusby Muhamad Al Azhari & Dion BisaraThe Indonesian Employers Association, or Apindo, is questioning the government’s seriousness about giving a “fiscal stimulus” package to the private sector after it proposed to legislators on Tuesday that...
Thu, 29 Jan 2009
Cut in tax rate to benefit banks most
Harry Su, EconomistStarting in 2009, the government and the parliament have agreed to lower Indonesia's personal income tax upper-bracket from 35 percent to 30 percent This is being implemented to create a more competitive tax rate compared to regional peers.
Thu, 29 Jan 2009
Investment prioritized on infrastructure, energy, food
Aditya Suharmoko, The Jakarta Post, Jakarta With investment this year forecast to slump, the investment body will focus on investors prioritizing infrastructure, energy and food.Investment Coordinating Board (BKPM) chairman M.
Thu, 29 Jan 2009
REDD rules delayed in Indonesia
Indonesia has delayed the finalisation of new rules to underpin a new carbon-credit market around avoided deforestation, a further sign of the complexities around this much-heralded new market mechanism.
Thu, 29 Jan 2009
Government Rejects Foreign Investment in Food Production
TEMPO Interactive, Bandung:The government has rejected an offer from a Middle Eastern group to invest in West Java’s food sector because the province’s main agricultural product is the national rice stock.
Thu, 29 Jan 2009
Waiving taxes will not help job-intensive sectors: Kadin
Aditya Suharmoko , The Jakarta Post , Jakarta | Thu, 01/29/2009 7:26 AM | HeadlinesBusinesses have warned the government against giving firms in labor-intensive sectors a waive in employees’ taxes they normally bear, with details of the plan still sketchy.
Thu, 29 Jan 2009
RI`s CPO production in 2009 estimated at 20 million tons
Jakarta, (ANTARA News) - Indonesia`s crude palm oil production in 2009 is estimated to total 20 million tons, of which 4.5 million to 5 million tons will be consumed at home and the rest exported, a CPO businessman said.
Thu, 29 Jan 2009
CPO price up on incresing demand
Medan, N Sumatra (ANTARA News) - The price of crude palm oil (CPO) is predicted to continue its upward trend in response to increasing demand in the world market due to declining stocks, a CPO businessman said.
Wed, 28 Jan 2009
Oil and Gas Sector Will Still Grow in 2009
Wednesday, 28 January, 2009 | 14:08 WIBTEMPO Interactive, Jakarta:Coordinating Minister for the Economy Sri Mulyani Indrawati is optimistic that the oil and gas sector will continue to grow this year despite the crisis.
Wed, 28 Jan 2009
Tranzeo and TRG Advance Indonesian WiMAX Joint Development
First phase of deal valued at US$10 million for Tranzeo and coincides with Indonesia's release of new spectrum for wireless broadbandPITT MEADOWS, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2009) - Tranzeo Wireless Technologies Inc.
Wed, 28 Jan 2009
CPO export tax set at zero percent
Jakarta (ANTARA News) - Crude palm oil (CPO) exports for February 2009 shipments will be subjected to zero percent export taxes because The CPO reference price is still less than US$750 per ton, a senior trade official said.
Wed, 28 Jan 2009
Government Dangles 63% Price Hike To Lure Fast-Track Energy Producers
The price paid to independent power producers for electricity is to be increased by up to 63 percent to encourage more investment in the sector, Jacobus Purwono, a senior official at the Energy and Mineral Resources Ministry, said on Tuesday.
Tue, 27 Jan 2009
ASEAN, India to ink FTA soon, boost trade by 30%
Alfian, THE JAKARTA POST, NEW DELHI After a string of protracted negotiations since 2003, ASEAN is to sign a free trade agreement (FTA) with India during its next month’s summit.With a combined market of 1.
Tue, 27 Jan 2009
Fisheries sector to reel in better results
The Jakarta Post, JAKARTA Indonesia may this year be in for a 45 percent increase in fishery output, from a year earlier, on the back of a government revitalization program and rising demand, in particular from the domestic market.
Tue, 27 Jan 2009
New Indonesian Mineral and Coal Mining Law
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2009) - East Asia Minerals Corporation (TSX VENTURE:EAS) believes that the changes proposed under the New Indonesian Mineral and Coal Mining Law ("New Mining Law") are largely positive for the Company and considers that the New Mining...
Tue, 27 Jan 2009
Options diminish for Indonesia’s job seekers
When the Jakarta Post, Indonesia’s leading English-language newspaper, recruited trainees in 2007, 10 people were offered jobs. But, says Endy Bayuni, the chief editor, the best five turned their offers down, having secured better packages elsewhere.
Tue, 27 Jan 2009
Indonesia reviews drug regulations
Indonesia is to review protectionist regulation that forces foreign pharmaceutical companies to establish manufacturing facilities if they want to distribute and sell drugs in the country.Some foreign diplomats believe proposals to judge companies on a case-by-case basis could violate World Trade...
Tue, 27 Jan 2009
Log Export expected to raise timber price
Jakarta (ANTARA News) - The Forestry Ministry's plan to open exports of logs produced from timber estates (HTI) would help HTI businesses strengthen their bargaining power in facing domestic pulp and paper industries at home, an executive said.
Sun, 25 Jan 2009
Indonesia to expedite power plant development to meet demand
Padang (ANTARA News) - Indonesia will speed up development of new power plants to overcome shortage of electricity supply in the country.Vice President Jusuf Kalla said here on Saturday the government had already started to build new plants with a total capacity of up to 10,000 megawatt (MW) as of...
Sat, 24 Jan 2009
Bali to finish construction of special tourist port in 2009
Denpasar, Bali (ANTARA News) - The Indonesian tourist resort island of Bali expects to finish the construction of a special tourist port worth Rp92 billion in Tanah Ampo, Karangasem district, this year, Karangasem district head Wayan Geredeg said.
Sat, 24 Jan 2009
Indonesia Musim Mas gets green palm oil certificate
Indonesia Musim Mas gets green palm oil certificateJAKARTA, Jan 21 (Reuters) - Indonesia's PT Musim Mas has been certified as the country's first firm to have adopted stricter sustainability standards in producing palm oil, Agriculture Minister Anton Apriyantono said on Wednesday.
Sat, 24 Jan 2009
Indonesia state geologists may do mineral surveys
BANDUNG, Indonesia, Jan 24 (Reuters) - Indonesia is considering allowing state geologists to perform initial mineral surveys in order to hasten the process of tendering mining areas and attracting investment, a senior mining official said.
Sat, 24 Jan 2009
Biofuel Industry Seeks Changes to Pertamina Pricing
my understanding from local media is that stations are allowed to sell at the old price until their old stock runs out. perhaps your station stocked up for a few months/years in advance?
Fri, 23 Jan 2009
Biofuel Industry Seeks Changes to Pertamina Pricing
On the subject of Pertamina I was at a garage two days ago that were still charging Rp5000/L.I thought they were all supposed to be the same. (Rp4,500)
Fri, 23 Jan 2009
Jeddah, Jakarta sign trade deal
JEDDAH: The Jeddah Chamber of Commerce and Industry and its counterpart in Jakarta have decided to establish networking for mutual benefits of businessmen in the two cities. This follows a memorandum of understanding (MoU) signed by JCCI Vice Chairman Mazen Batterjee and Eddy Kuntadi, chairman of...
Fri, 23 Jan 2009
Property Analysis: How low can we go?
Anton Sitorus, Researcher To help keep the engine of the economy rolling, the central bank cut the benchmark interest rate (BI Rate) down to 8.75 percent earlier this month. The move received a warm welcome from industry players including property companies with hopes that the cut would help...
Fri, 23 Jan 2009
Plastics makers may post zero exports: Association
Mustaqim Adamrah, The Jakarta Post, JakartaThe country's plastics industry may post almost zero exports this year as the global economic downturn weakens demand for plastics, says the Indonesian Plastic and Olefin Association (INAplas).
Fri, 23 Jan 2009
Biofuel Industry Seeks Changes to Pertamina Pricing
Biodiesel producers are urging the government to come up with a new pricing arrangement for purchases of their output by state energy firm PT Pertamina, saying they are no longer able to bear the losses brought on by the recent steep drop in the fuel’s price.
Thu, 22 Jan 2009
Samarinda to Stop Issuing Mining Permits
TEMPO Interactive, Samarinda: The Samarinda Municipal Government, East Kalimantan, will not issue permits for coal mining this year.The regional secretary of the Samarinda Municipal Government, Fadly Illa, said that government will re-evaluate the 44 already issued permits.
Thu, 22 Jan 2009
Energy Consultant Urges Investment In Nonfood Crop
The expansion of plantations supplying the raw materials for biofuels should not come at the expense of food production, an international conference on biofuel was told on Thursday.Connie Lo, a senior consultant at Nexant Asia, said that the use of nonfood feedstocks for biofuel production would...
Thu, 22 Jan 2009
Exporters to Be Hindered by Financing Delays
Indonesia will be unlikely to boost or even maintain its exports of footwear, textiles and ceramics this year as a result of a wave of investment postponements and difficulties in securing financing for buying new equipment, industry associations say.
Thu, 22 Jan 2009
Foreign Diplomats Bash Import Regulations
The government on Wednesday denied allegations that it is imposing non-tariff trade barriers by restricting imports of major goods to five ports and requiring translations of imported food labels.Trade Minister Mari Pangestu said Indonesia’s regulations were “consistent” with World Trade...
Thu, 22 Jan 2009
The cost of the biofuel boom on Indonesia's forests The clearing of Indonesia's rainforest for palm oil planta
The clearing of Indonesia's rainforest for palm oil plantations is having profound effects – threatening endangered species, upending the lives of indigenous people, and releasing massive amounts of carbon dioxide, writes Tom Knudson from Yale Environment 360, part of the Guardian Environment...
Thu, 22 Jan 2009
Mine investment in Indonesia to drop below $1b
JAKARTA (Reuters) - Mining investment in Indonesia may drop below $1 billion this year and there may be no fresh projects as metal prices fall and miners await details from a new mining bill, a senior industry official said on Wednesday.Mining investment rose to $1.6 billion in 2008, up from $1.
Wed, 21 Jan 2009
Lotte Group to invest Rp 9 trillion in Indonesia
“There will be no layoffs of Makro workers,” Lotte Shopping operational director Jusuf Halim said.Well that's a lie ... they have been laying people off for a good few months and the employees know the axe is hovering above their heads.
Wed, 21 Jan 2009
Asean Planning Legal Advisory Body To Resolve Trade Relations Disputes
The Association of Southeast Asian Nations, or Asean, is planning to set up a legal advisory institution to oversee the increasing number of disputes in bilateral trade relations among its 10 members and other nonmember countries.
Wed, 21 Jan 2009
BPMigas may build petrochemical facility
Ika Krismantari, The Jakarta Post, JakartaWell worth it!: An exhibition participant walks past a booth in a gas industry exhibition at Indogas 2009 at the Jakarta Convention Center, on Tuesday. Local and international gas companies fl ock to the event to tap growing business opportunities in the...