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Tue, 23 Jan 2007
Indosat Targeting Revenues of Rp1 Trillion
TEMPO Interactive, Jakarta: PT Indonesian Satellite Corporation Tbk (Indosat) is targeting revenues of Rp1 trillion from corporate business solution services in 2007.Bambang Priantono, Senior Vice President of National Corporate Sales of Indosat, said that Indosat would develop a new optical cable...
Tue, 23 Jan 2007
Reforestation in Java to be Completed in 2010
TEMPO Interactive, Yogyakarta: Transtoto Handhadari, the Managing Director of Public Company Perhutani, has stated that by 2010, leafless forests in Java must be replanted.In order to implement this goal, the government will prosecute illegal loggers and others involved.
Tue, 23 Jan 2007
RI, Denmark explore alternative energy cooperation
Jakarta (ANTARA News) - Indonesia and Denmark have agreed to explore a cooperation in the use of efficient energy and alternative energy in place of fuel oil, Indonesian Foreign Affairs Minister Hassan Wirayuda said here on Monday.
Tue, 23 Jan 2007
Cepu oil production delayed for ten months
Jakarta (ANTARA News) - ExxonMobil has officially told the government of the delay for 10 months of its oil production at Cepu Block oil field in Central Java from the initial target in the first quarter of 2009.
Mon, 22 Jan 2007
CPO becomes major commodity in Belawan port
BELAWAN, North Sumatra (Antara): Crude Palm Oil (CPO) has become the main export commodity in Belawan seaport, North Sumatra following the raising demand of the product, a seaport official said Sunday.Spokesman of PT Pelabuhan Indonesia-I Erwin Sutiyana said that Belawan cargo seaport accommodated...
Mon, 22 Jan 2007
Indonesia, Malaysia floods drive timber prices
Kuala Lumpur (ANTARA News) - Massive flooding in Malaysia and Indonesia, the world's top two exporters of tropical timber, has forced timber prices up sharply, according to a new industry report."The incessant rainfall and widespread flooding drove prices for Malaysian timber products sharply up,"...
Sun, 21 Jan 2007
Though fuel oil prices down, development of biofuel still relevants
Jakarta (ANTARA News) - Coordinating Minister for the Economy Boediono said that the development of biofuel was still relevant to date though fuel oil prices continued to decline to less than US$50 per barrel.
Sun, 21 Jan 2007
Foreign investors begin eyeing RI as investment destination
Jakarta (ANTARA News) - 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.
Sat, 20 Jan 2007
Telecommunication Sector Dominates Ad Expenditures in 2006
TEMPO Interactive, Jakarta: Ad expenditures in 2006 on national electronic and print media were dominated by telecommunication products. Nielsen Media Research has it that ad expenditures of the products increased from Rp1.393 trillion in 2005 to Rp1.976 trillion in 2006 or a growth of 42 percent.
Sat, 20 Jan 2007
Japan Explores Building Bio-ethanol Factory
TEMPO Interactive, Jakarta: The Kanematsu Corporation, a company from Japan, plans to build a bio-ethanol factory in Indonesia. It is estimated that the factory with 100,000 liters per day capacity will be an investment of around US$25 million.
Sat, 20 Jan 2007
Japan Explores Building Bio-ethanol Factory
TEMPO Interactive, Jakarta: The Kanematsu Corporation, a company from Japan, plans to build a bio-ethanol factory in Indonesia. It is estimated that the factory with 100,000 liters per day capacity will be an investment of around US$25 million.
Sat, 20 Jan 2007
Japan Explores Building Bio-ethanol Factory
TEMPO Interactive, Jakarta: The Kanematsu Corporation, a company from Japan, plans to build a bio-ethanol factory in Indonesia. It is estimated that the factory with 100,000 liters per day capacity will be an investment of around US$25 million.
Sat, 20 Jan 2007
18 Infrastructure Policies Canceled
TEMPO Interactive, Jakarta: The government has canceled 18 policies in the infrastructure package. The cancellation was part of revisions to the policy package that was launched in February 2006 and will continue this year.
Sat, 20 Jan 2007
Minister dubbed state officials as cowards
Jakarta (ANTARA News) - State Minister for Administrative Reforms Taufik Effendi labelled as cowards state officials who often abdicated responsibility and left it to the central government when they faced problems."I never heard state officials acknowledging their mistakes. As if they are innocent.
Sat, 20 Jan 2007
Indonesia, Qatar to set up joint investment fund
Jakarta (ANTARA News) - Indonesia and Qatar are planning to set up a joint investment fund for equity sharing for which Indonesia will gain 15 percent of capital, while the remaining 85 percent will go to Qatar.
Sat, 20 Jan 2007
Indonesia's 2006 ads expenditure up 17 pct to Rp30 trln
Jakarta (ANTARA News) - Corporate expenditure on advertising in 2006 rose 17 pct to 30 trln rupiah, Nielsen Media Research said.It noted that TV absorbed 20 trln rupiah, or 67 pct, of the total spending, with the remainder shared by newspapers, magazines, radio and online media.
Sat, 20 Jan 2007
Microsoft defends multimillion dollar deal with RI government
Microsoft Indonesia has spoken out on a controversial recent deal with the government, arguing that the deal was initiated by the government as part of its efforts to improve Indonesia's information technology sector as a whole.
Sat, 20 Jan 2007
EU investors see big opportunity in RI infrastructure
European investors see promising opportunities in the infrastructure sector here, but say that lack of legal certainty remains a major problem."We have a lot of companies that have expressed their commitment and interest, but they are waiting for the laws (to be reformed)," European Business...
Fri, 19 Jan 2007
Water firm grapples with growing crisis as dam levels keep dropping
Jakarta water company PT PAM Jaya says it is deploying all its resources to ensure continued tap water services for customers, as the water level at Jatiluhur Dam continues to fall amid unseasonably high temperatures.
Fri, 19 Jan 2007
Legal Risks for Loans Must Be Lowered
TEMPO Interactive, Jakarta: The increase of banking loan disbursement to the real sector must be supported by a decrease of the law risk perception that is considered as high.The reason is that the potential for debtors to fail to repay was still high.
Fri, 19 Jan 2007
Japan Asks for LNG Extensions
TEMPO Interactive, Jakarta: Liquefied natural gas (LNG) buyer, Japan, still hopes that Indonesia will supply its gas needs.Eiji Sekine, LNG Senior Managing Director of Japan Corporation, said he hoped for LNG purchase contract extensions from Indonesia.
Fri, 19 Jan 2007
President asks oil companies to improve corporate governance
yup that is one very big question; tis only a matter of good will from SBY&Kalla actually; anyway, if Exxon and the rest are ready and willing to improve their so called "community outreach" this kinda thing would be not only perfect but also .... perfect, i guess
Fri, 19 Jan 2007
President asks oil companies to improve corporate governance
i'm not sure that indonesia is ready for that. i would never encourage anyone to invest in publically listed indonesian companies; the accountabilty is just not there. before encouraging public participation, indonesia's corporate culture has to be brought into line.
Fri, 19 Jan 2007
President asks oil companies to improve corporate governance
hmmmm improving coporate governance, carrying out transparency and following the capital market rules in order to win the market confidence still needs exact implementation and all; how bout letting go of the working interest to the public, let's take Cepu division of working interest as an...
Thu, 18 Jan 2007
Open Source Viewed as Not Obstructing Government's Activities
TEMPO Interactive, Jakarta: Judith M.S., Head of the Indonesian Internet Café or Warnet Association, has said she considered that the government's activities will not be hampered by the utilization of open source software.There could be some obstruction when the migration process is carried out.
Thu, 18 Jan 2007
Businessmen say investment climate yet to improve
Jakarta (ANTARA News) - Investment climate in Indonesia has yet to improve and attract investors from Thailand, Indonesian Textile Producers Association (API) chairman Benny Sutrisno said here on Wednesday.
Thu, 18 Jan 2007
Low cost housing for the masses: how close are we?
The need for providing low cost housing in the cities has been acknowledged, but many stumbling blocks still lie ahead.As land becomes scarcer, residential areas in the city center are a privilege reserved for the upper income classes of society.
Thu, 18 Jan 2007
JobsDB moves to expand consumer base
PT JobsDB Indonesia, one of the largest online job placement companies in the country, has invested a total of US$300,000 in hardware infrastructure this year to improve services for its customers.The company has acquired an additional 21 blade server computers, JobsDB Indonesia managing director...
Thu, 18 Jan 2007
SBY promises incentives to up gas output
President Susilo Bambang Yudhoyono said Tuesday the government would further ease investment procedures and offer more incentives to attract foreign investors to develop the country's untapped gas reserves.
Thu, 18 Jan 2007
Papua Moves to Acquire Stake in Freeport
Papua’s provincial administration is negotiating with PT Freeport Indonesia on a 9.36% stake offered by the US copper and gold mining company.Freeport earlier said it would sell the stake for $1 billion.
Thu, 18 Jan 2007
Pertamina Plans Rp15t Capex for 2007
State oil and gas firm PT Pertamina is earmarking capital expenditure (capex) of Rp15 trillion this year, with about 87% going to the upstream oil and gas business, finance director Frederick Siahaan said.
Thu, 18 Jan 2007
RI, Energy Firms Ink $12.4b Bio-fuel Deals
Indonesia is laying the foundation to become one of the world's top bio-fuel producers, with 59 energy firms and institutions inking 58 agreements on Tuesday (9/01/07) as their preliminary commitment to invest $12.4 billion in the renewable energy sector, The Jakarta Post reported.
Thu, 18 Jan 2007
BI Eyes Incentives for Banks to Boost Loans
Bank Indonesia on Friday (12/1/07) unveiled a policy package aimed at boosting domestic commercial bank sector lending and economic growth, Dow Jones Newswires reported."The policy measures will have significant impact in our efforts to boost bank lending," Bank Indonesia Deputy Director Muliaman...
Thu, 18 Jan 2007
Astra Sees Auto Market Growing 10%
PT Astra International sees the country's vehicle and motorbike sales expanding by 10% this year as economic conditions start recovering, its president director, Michael D Ruslim, said on Friday (12/01/07).Astra, the country's largest car distributor, hopes to maintain its market share this year.
Thu, 18 Jan 2007
Telkom to Spin Off Fixed Wireless Unit
PT Telkom plans to spin off its fixed-wireless operation, Telkom Flexi, into a separate unit next month, its president director, Arwin Rasyid, said Wednesday (10/01/07).The move aims to provide greater flexibility for the unit in fixed wireless telecommunications, where Telkom faces competition,...
Thu, 18 Jan 2007
Govt. to Urge Regions to Spend
Coordinating Minister for the Economy Boediono said Monday (8/01/07) the government will help the regions secure the more expeditious approval of their budgets from their local councils, and is devising policies to ensure that development funds are actually spent on time, rather then being parked...
Thu, 18 Jan 2007
No Serious Inflation Threat in 2007 - Minister
The government perceives no serious threat of a growth-stunting inflation surge in 2007 and will accelerate efforts to spur economic expansion this year, Coordinating Minister for the Economy Boediono said Tuesday (9/01/07).
Thu, 18 Jan 2007
Bio-fuel, Telecom Investment Plans
The Sinar Mas group signed memoranda of understanding on Tuesday (9/1/07) for $5.5 billion in bio-fuel development and said it would work with Russian investor Altimo in the telecommunications sector.The MoUs were with China National Offshore Oil Corp. (CNOOC) and Hong Kong Energy (Holdings) Ltd.
Thu, 18 Jan 2007
Coca Cola, Bintang Toedjoe jointly launch new instant energy drink
Jakarta (ANTARA News) - PT Coca-Cola Indonesia and PT Bintang Toedjoe launched an instant energy drink known as "Extra Joss Strike" at Shangrila Hotel here Tuesday.Under a cooperation, Coca Cola in Indonesia is entitled to produce and distribute instant energy drinks, PT Coca-Cola Indonesia...
Wed, 17 Jan 2007
Sofyan: Open Source Hampers Government's Activity
TEMPO Interactive, Jakarta: Information and Communication Minister Sofyan Djalil said that the use of open source as software on state-owned computers is yet to be implemented today. The reason is that it may halt government's activities.Sofyan explained that there were three reasons.
Wed, 17 Jan 2007
Market Disappointed at State Gas Company
TEMPO Interactive, Jakarta: Players and analysts of the capital market acknowledged being dissatisfied over the explanation of PT Perusahaan Gas Negara Ybk (State Gas Company). The management was viewed as not transparent enough when giving a statement on the company's share price decrease by 23.
Wed, 17 Jan 2007
Disorganized Data: Officials Appointment Hindered
TEMPO Interactive, Jakarta: The appointment of hundreds of civil servant is still hampered by disorganized data between the central and regional governments. According to the State Employment Agency (BKN) Head, Prapto Hadi, there are currently 367,000 civil servant documents which have problems and...
Wed, 17 Jan 2007
President asks oil companies to improve corporate governance
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has asked state-owned oil and gas companies to improve their coporate governance, carry out transparency and follow the capital market rules in order to win the market confidence.
Wed, 17 Jan 2007
Women growing segment of motorcycle market
More bad news for the macho male Indonesian. Of the 35 million motorcycle riders around the country, almost one in four are women. And that figure will continue to grow in the coming years.As recently as two years ago, motorcycle manufacturers refused to recognize women as potential customers,...
Wed, 17 Jan 2007
PGN suspended from trading - JSX
Jakarta (ANTARA News) - The Jakarta Stock Exchange (JSX) has suspended PT Perusahaan Gas Negara (PGN) from trading to allow investors to get more information about the delayed operation of the firm's gas pipeline, JSX president Erry Firmansyah said.
Wed, 17 Jan 2007
Arrival of imported sugar may be late
Surabaya, East Java (ANTARA News) - The arrival of imported sugar scheduled in the middle of this month was expected to be slightly late due to the drastically-changing weather in the past two weeks, Associate Corporate Secretary of state plantation company PT Perkebunan Nusantara XI, Adig Suwandi,...
Wed, 17 Jan 2007
Exports of built-up cars increase by 70%
Jakarta (ANTARA News) - Indonesia`s exports of completely built-up (CBU) cars in 2006 increased by 70 percent to 30 thousand units from 17 thousand units in 2005, Director General for Telematics and Transportation Equipment Industries, Budi Darmadi, said here on Monday.
Wed, 17 Jan 2007
BI Calls on Banks to Take Risks
TEMPO Interactive, Jakarta: Bank Indonesia (BI) has called on banks to dare to take risks in disbursing loans to non-consumer sectors.So far, banks have tended to disburse loans to consumer sectors because they are considered as having minimum risks.
Wed, 17 Jan 2007
Electricity Project Hoping for Funds from UN
TEMPO Interactive, Denpasar: A garbage-powered electricity generating plant project that is being built in Denpasar is hoping for funds from Clean Development Management of the United Nations.“The project helps reducing poisonous gas emitions which is in line with the mission of the...
Tue, 16 Jan 2007
We want to match other operators in coverage, capacity: Mobile-8
Urip Hudiono, The Jakarta Post, JakartaHere's a statistic that might surprise anyone who has spent more than five minutes in Jakarta's malls: Only a quarter of Indonesia's 220 million people have a cellular phone or access to a cell phone service.