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Thu, 24 Jan 2008
Failed policies knock biodiesel production by 85%
Biodiesel producers announced earlier this week that their total production has dropped by 85 percent since December.The producers blamed the drop on "inconsistent policy making" by the government, particularly the fact that Pertamina's total spending on biodiesel had not been defined as an expense...
Thu, 24 Jan 2008
Who are Indonesia's ethnic Chinese?
The mention of "Indonesia's ethnic Chinese" invites curious reactions. In Australia alone, there are a number of popular images portraying them, the most common being, "rich but corrupt and unscrupulous in robbing the country by colluding with equally corrupt officials", and "despised and always...
Thu, 24 Jan 2008
Business activities needed in outlying islands
KUPANG, East Nusa Tenggara (Antara): Business activities are needed in Indonesia's outlying islands in addition to military deployment, international law expert Wilhelmus Wetan Songa said on Wednesday."Businesspeople should be directed to manage the outlying islands although we already deploy...
Thu, 24 Jan 2008
Imports program 'needs better infrastructure'
The Jakarta Post, JakartaThree months ahead of the participation of all importers in the National Single Window (NSW) program, the government should immediately improve road infrastructure within and towards Jakarta's Tanjung Priok port, said panelists in a seminar here.
Thu, 24 Jan 2008
Indonesia judicial system needs overhaul - court head
Jakarta (ANTARA News) - Corruption among judges in Indonesia remains a key problem and the whole judicial system still needs a root-and-branch overhaul, the head of thecountry's young constitutional court said on Wednesday.
Wed, 23 Jan 2008
House mulls shutting down oil, gas regulators
i've always wanted to know: what do they actually *do*? (besides issuing useless pieces of paper.)
Wed, 23 Jan 2008
House mulls shutting down oil, gas regulators
The House of Representatives is weighing over the possible closure of upstream oil and gas regulator BPMigas and downstream regulator BPH Migas due to decaying administrative performance and failures to meet targets.
Wed, 23 Jan 2008
Indonesia Aims at Export Market
Tuesday, 22 January, 2008 | 16:18 WIBTEMPO Interactive, Jakarta: Trade Minister Mari Elka Pangestu said that the government will be alert to the United States’ recession threat against Indonesia’s exports and the economy.
Wed, 23 Jan 2008
Government Prepares Soybean Subsidy of Rp200 Billion
Tuesday, 22 January, 2008 | 17:12 WIBTEMPO Interactive, Jakarta: The government is planning to give subsidies to tofu and tempe producers amounting to Rp1,000 per kilogram for two months. The aid is for alleviating the burden of micro- and small-scaled business .
Wed, 23 Jan 2008
S. Kalimantan to get another coal-fired power plant
Banjarmasin, South Kalimantan (ANTARA News) - Coal mining company PT Adaro Indonesia plans to build a mine-mouth coal-fired power plant with a capacity of 60 MW in South Kalimantan province in cooperation with construction firm PT Makmur Sejahtera Wisesa.
Wed, 23 Jan 2008
Indonesian, Chinese firms to ensure antibiotics supply to RI market
Shijiazhuang (ANTARA News) - Two Indonesian pharmaceutical companies and a Chinese counterpart have signed an agreement here to ensure stability in antibiotics` supply and prices for the Indonesian market.
Wed, 23 Jan 2008
Govt to expedite soybean self-sufficiency to 2011
Jakarta (ANTARA News) - The government needed to make every effort for an earlier achievement of self-sufficiency in soyabean originally planned in 2015 to 2011 with the domestic production of two million tons of the commodity, a minister has said.
Tue, 22 Jan 2008
Bajaj expanding business
Originally Posted By: KuKuKaChuBajaj expanding business"In few years to come, we'll be focusing on brand building, service network and distribution to tap Indonesia's sport motorcycle market," he said. They should make a sports Bajaj with Carlos Fandango Superwide wheels
Tue, 22 Jan 2008
Indonesia, India studying possible free-trade deal
The Indonesian and Indian governments are exploring the possibility of establishing free trade cooperation with the fixed target of increasing the value of their bilateral trade to $10 billion by 2010, Asia Pulse reported Wednesday (16/1/08).
Tue, 22 Jan 2008
Ciputra to build $747M Jakarta property project
Publicly listed property company PT Ciputra Property plans to invest Rp7 trillion ($747.36 million) in an integrated shopping mall, hotel and apartment project in Jakarta, Asia Pulse reported Wednesday (16/1/08).
Tue, 22 Jan 2008
Container terminal set for expansion
The Jakarta International Container Terminal (JICT) will expand its 72-hectare container yard by 12.4 hectares to increase its storage capacity by 57% to 55,000 ton equivalent units (TEUs), The Jakarta Post reported Thursday (17/1/08).
Tue, 22 Jan 2008
FDI in Batam up 56% in 2007
Foreign investment inflows to Batam Island in Riau Islands province last year jumped 56% to $288.52 million from $184.99 million a year earlier, the Batam Authority said in a statement on January 11, Asia Pulse reported. In 2007, the government licensed 79 new foreign investment projects worth $288.
Tue, 22 Jan 2008
Consumer confidence at 3-month low on prices
Consumer confidence index fell to a three-month low on concern fewer jobs and the possibility of higher food prices will erode incomes, a central bank survey said, Bloomberg reported Monday (14/1/08). The index dropped to 99.1 last month from 101.
Tue, 22 Jan 2008
Poor planning may hamper ambitious tourism program
Agustina Wayansari, The Jakarta Post, JakartaBusiness players and local authorities are concerned that inadequate government planning for this year's international Visit Indonesia tourist campaign has left them without enough time to prepare.
Tue, 22 Jan 2008
Bajaj expanding business
The Jakarta Post, JakartaMotorcycle maker PT Bajaj Auto Indonesia is trying to increase its sales of sports motorcycles in Indonesia by launching new products this year, with an intention of establishing a new production plant next year.Sales and marketing director Dharmesh K.
Tue, 22 Jan 2008
Biofuel committee seeks mandatory use of biofuels
The National Biofuel Development Committee will propose legislation on mandatory use of biofuel in industry before its tenure ends in August, the chairman said.Alhilal Hamdi told The Jakarta Post on Monday the committee was coordinating with the government to determine what level of consumption...
Tue, 22 Jan 2008
RI has to fix its dysfunctional legal system
Hans W. Vriens, SingaporeIndonesia's transition in the last ten years since the country was hit by the Asia's financial crisis has been such a remarkable success that some people see the emergence of a "democratic Indonesian tiger".
Tue, 22 Jan 2008
Import duty on soybeans removed
The government has scrapped the 10 percent import duty on soybeans to help curb the rising price of the commodity in the local market."The decision, effective Monday, is part of the government's short-term policy to overcome the surging soybean prices," said the deputy minister for agriculture and...
Tue, 22 Jan 2008
US Recession Threatens Domestic Industries
Monday, 21 January, 2008 | 17:19 WIBTEMPO Interactive, Jakarta: M. Lutfhi, Head of the Investment Coordination Agency (BKPM), has said he is concerned that the economic recession in the United States will threaten the continuity of domestic industries, especially machine-based manufacturing...
Tue, 22 Jan 2008
Visa-Free Facility Proposed for 10 Countries
Originally Posted By: Magpie Originally Posted By: KuKuKaChu "Other efforts include increasing immigration counters at Soekarno-Hatta Jakarta and Ngurah Rai Bali airports; sceptical at it may seem, but does more immigration officers possibly mean more grizzly faced immigration officers...
Tue, 22 Jan 2008
Visa-Free Facility Proposed for 10 Countries
Questionable over-stay fines Opinion News - Monday, January 21, 2008 I together with my family have returned to Singapore from a wonderful trip to West Sumatra. We are a German family residing in Singapore for the last seven years. It was our first trip to West Sumatra.
Tue, 22 Jan 2008
Visa-Free Facility Proposed for 10 Countries
Originally Posted By: KuKuKaChu "Other efforts include increasing immigration counters at Soekarno-Hatta Jakarta and Ngurah Rai Bali airports; sceptical at it may seem, but does more immigration officers possibly mean more grizzly faced immigration officers looking for bribes?
Mon, 21 Jan 2008
Visa-Free Facility Proposed for 10 Countries
oh it looks so good on paper .... Lets hope the red tape men don't stand in the way. Tourism is the best way this country can ensure at least some re-distribution of wealth. Open things up, encourage the "eco-tourists" and backpackers and get them buying loads of tat in remote parts of Indonesia.
Mon, 21 Jan 2008
Jakarta Airport Service Charge to Increase?
"100 years of the nation's awakening" - ahhh! Yawn ! nyum nyum!Rp.150,000 please. Thankyou very much Mr. - Now what's for fuckin' breakfast?
Mon, 21 Jan 2008
Bali's Bitter Cup to Drink
Over Development Threatening Bali's Subterranean Fresh Water Supply.(1/19/2008) Badung Regency and Denpasar officials have issued a warning that uncontrolled use of wells are resulting in the intrusion of salt water into the Island's precious water table.
Mon, 21 Jan 2008
Visa-Free Facility Proposed for 10 Countries
Ministry of Culture and Tourism Seeks Inter-Departmental Support in Order to Achieve 7 Million Foreign Visitors in 2008.(1/19/2008) Travel Trade Gazette's (TTG) Mimi Hudoyo reports that the Indonesian Department of Culture and Tourism is seeking agreement to change current visa regulations to...
Mon, 21 Jan 2008
Jakarta Airport Service Charge to Increase?
If Approved, Jakarta International Passengers will Pay Rp. 150,000 and Domestic Passengers Rp. 45.000 in Departure Tax.(1/19/2008) Angkasa Pura I - the government-owned operating authorities for all Indonesian airports is seeking government approval to increase passenger service charges by 50% for...
Mon, 21 Jan 2008
RI coal producers want market-based pricing system
Ika Krismantari, The Jakarta Post, JakartaTo prevent illegal coal trading due to the introduction of the proposed domestic market obligation (DMO) policy, producers have urged the government to introduce a market-based pricing system.
Mon, 21 Jan 2008
RI must move beyond "hands off" approach
Hendri Saparini and Binny Buchori, JakartaSo the year 2007 is over, which much praise rained on the President's economic team for their achievements in improving Indonesia's fiscal status. But just how true their claims?The rise in unemployment and the increasing incidence of illness due to...
Mon, 21 Jan 2008
Rupiah weaker vs dollar on fund outflow, central bank intervenes
Jakarta (ANTARA News) - The Indonesian rupiah was weaker against the US dollar in midmorning trade Friday on increased fund outflows following recent selloffs in the stock market.At 10:05 am, the rupiah was trading at 9,475/9,480 to the dollar, down 0.4 percent from late Thursday.
Mon, 21 Jan 2008
New Regulations Promised for Foreign Land Ownership
Government Officials and Head of Bali's Notary Association Warns that Foreign Land Ownership is a Threat to National Security. (1/19/2008) The Indonesia Government is calling on notaries to exercise more caution in the issuance of property deeds of transfer in order to safeguard the nation against...
Sat, 19 Jan 2008
Indonesia central bank not worried about rupiah
Well if the central Bank isn't worried about the rupiah who the hell is doing the worrying??? It was THE WORST performing currency in Asia - My advice advice is it's time to worry boys!
Sat, 19 Jan 2008
Indonesia central bank not worried about rupiah
Jakarta (ANTARA News) - Bank Indonesia, the central bank, is not worried about the weakening of the rupiah as the fall is likely to be temporary, deputy governor Budi Mulya was quoted by Reuters as telling reporters on Friday.
Sat, 19 Jan 2008
Indonesia mulls fixing soybean prices - official
Jakarta (ANTARA News - The Indonesian government is considering fixing soybean prices in another bid to control surging prices which have hurt the local food industry, an agriculture ministry official said late on Thursday.
Sat, 19 Jan 2008
Govt to raise soybean on 200,000 ha
Jakarta (ANTARA News) - The government is ready to cultivate soybean on 200,000 hectares of land across the country this year to raise its soybean production, an Agriculture Ministry official said.The national soybean output once hit a high record of 1.
Sat, 19 Jan 2008
Agri ministry: import duty exemption on soyabean should to be reviewed
Jakarta (ANTARA News) - The Agriculture Ministry expressed hope that the import duty exemption on soyabean should be reviewed once in every three months so that it will not cause a loss to the growers.Sutarto Alimuso, Agriculture Ministry`s food plantations affairs director general said here on...
Sat, 19 Jan 2008
Bali`s canned fish exports hit record high
Denpasar, Bali (ANTARA News) - Bali`s canned fish exports in the first 11 months of 2007 hit a record high of US$11.8 million, a report said.The exports represented a 99 percent increase from the same period in 2006, the Bali Provincial Industry and Trade Office said in a report on Friday.
Sat, 19 Jan 2008
Sarolangun has a potential coal reserve of 399 million tons
Jambi (ANTARA News) - The potential coal reserves in Sarolangun regency, Jambi province, according to provisional estimates reached 399 million tons with a calorie of 4,800-6,800.This is merely a provisional estimate, but a thorogh study and research will tell more than that, Sarolangun regency...
Sat, 19 Jan 2008
Telkomsel ready to lease its towers
Jakarta (ANTARA News) - President director of PT Telkomsel Kiskenda Suriahardja said the company was ready to to lease its telecommunication towers to other telecommunication operators."We are ready to have our towers leased, and not only our towers but also other infrastructure including...
Sat, 19 Jan 2008
Transforming Indonesia's family business groups
Most of Indonesia's largest domestic firms come in the form of widely diversified conglomerates, often under the control of families. Headed by powerful tycoons, these family firms arouse controversy in Indonesia.
Sat, 19 Jan 2008
Bulog Will Import Second-class Soybeans
Friday, 18 January, 2008 | 13:58 WIBTEMPO Interactive, Jakarta: The State Logistics Agency (Bulog) has not yet found any alternative to the soybean exporting country other than the United States. Temporarily, Bulog will continue to import soybeans from Uncle Sam.
Fri, 18 Jan 2008
House to summon agriculture minister on soybean crisis
Jakarta (ANTARA News) - The House of Representatives (DPR)`s Commission IV is to summon its working partners in the execuive branch, including the agriculture minister, next week for discussions to solve the current soybean crisis.
Fri, 18 Jan 2008
Pertamina to become RI's most profitable firm
Ika Krismantari, The Jakarta Post, JakartaState oil and gas company PT Pertamina may have booked a staggering Rp 23 trillion (around US$2.5 billion) net profit in 2007, on the back of high crude oil prices and the company's efficiency programs, its president director says.
Fri, 18 Jan 2008
'Lack of coordination hampers growth'
The Jakarta Post, JakartaThere is a visible lack of coordination between the central government and local administrations in the development of the real sector and micro, small and medium businesses, a minister says.The government, through last year's policy package under Presidential Decree No.
Fri, 18 Jan 2008
Lack of coordination affects policy implementation
JAKARTA (JP): There is a visible lack of coordination between the central government and local administrations in the development of the real sector and micro, small and medium businesses, Coordinating Minister for the Economy Boediono said Thursday.