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Wed, 20 Jan 2010
Indonesia's finance minister may go by Feb: report
Jakarta Globe's versionYudhoyono Slams Report as ‘Fiction’Sri Mulyani Indrawati’s job seemed more secure on Tuesday after an angry President Susilo Bambang Yudhoyono lashed out against a newspaper article reporting a supposed deal that would see the Finance Minister replaced by the end of...
Wed, 20 Jan 2010
National Board for Special Economic Zones to be Formed
TEMPO Interactive, Jakarta:The Coordinating Ministry for the Economy’s secretary, Edi Abdurrahman, has said that the government will form a Special Economic Zone (KEK) National Board.The establishment of the board will be regulated in a government regulation.
Wed, 20 Jan 2010
Government Looking to Restrict Surge of Imported Fruit
Government Looking to Restrict Surge of Imported Fruit
Wed, 20 Jan 2010
Government Looking to Restrict Surge of Imported Fruit
The Ministry of Agriculture plans to impose a new national standard on imported horticultural products in 2012 to stem the tide of low-quality fruits, vegetables and plants.“Hopefully it can reduce the import volume of the fruits entering the country, since only the high-quality fruits will be...
Wed, 20 Jan 2010
Indonesians Growing in Financial Confidence
Indonesians are far more confident about their personal finances than other Asian consumers, a survey by credit card company Visa has revealed.However, people are still spending cautiously and planning to save more because of the rising cost of living.
Wed, 20 Jan 2010
Incentives mulled for industries affected by ACFTA
Government may provide incentives if needed for industries negatively affected by full implementation of the free trade agreement between ASEAN countries and China (ACFTA), Finance Minister Sri Mulyani Indrawati said Tuesday.
Wed, 20 Jan 2010
Transfer pricing practice in Indonesia
Robertus Winarto, Jakarta Indonesia marks a significant development in the transfer pricing area this year. For the first time, companies engaged in related party (controlled) transactions are required to maintain transfer pricing (TP) documentation.
Wed, 20 Jan 2010
HSBC employs expatriates illegally: Sources
London-based HSBC Group, which are in the process of acquiring a majority stake in publicly listed Bank Ekonomi Raharja, has illegally employed expatriates, raising unrest among the bank’s local employees, according to sources.
Wed, 20 Jan 2010
Govt to give early warnings if imports rise
Jakarta (ANTARA News) - The government will turn on an early warning system it has prepared in case there are indications of excessive imports of commodities resulting from the free trade agreements, a chief minister said.
Wed, 20 Jan 2010
Foreign Investors Cheer New Policy Plan
Foreign investors are welcoming moves by the Investment Coordinating Board to push for changes to the much-maligned “negative investment list,” which limits foreign ownership in a number of sectors.
Tue, 19 Jan 2010
Indonesian economy to be more resilient in 2010: economist
JAKARTA, Jan. 19 (Xinhua) -- With its Gross Domestic Product (GDP) growth estimated to be at 5.5 percent and global economic recovery probable in 2010, Indonesian economy would become more resilient, a senior economist said here on Tuesday.
Tue, 19 Jan 2010
Asia, Indonesia to lead global economic recovery: SCB analysts
JAKARTA, Jan. 18 (Xinhua) -- With economic growth expected to reach 5.5 percent this year and 7 percent next year, Indonesia, along with some Asian economic growing countries would lead the world's economic recovery, analysts of Standard Chartered Bank ( SCB) said here on Monday.Dr.
Mon, 18 Jan 2010
State plantations to spend Rp 9t in 2010, mostly on factories
State plantation firms are to spend big this year, mostly to build and revitalize sugar factories as well as constructing fertilizer plants to improve supply to the sugar plantations, a 2010 business plan shows.
Mon, 18 Jan 2010
RI looking good for L’Oreal
With a population approaching 250 million and promising economic growth, the Indonesian growing beauty market is increasingly alluring for Paris-based cosmetics giant L’Oreal which aims to make that French style affordable here.
Mon, 18 Jan 2010
Indonesia's finance minister may go by Feb: report
JAKARTA (Reuters) - Indonesia Finance Minister Sri Mulyani Indrawati, a top reformer in President Susilo Bambang Yudhoyono's cabinet, may be replaced by February, the Jakarta Post reported, quoting anonymous sources from a political party.
Mon, 18 Jan 2010
S. Sumatra to adopt outsourcing system for new bureaucrats
Having phased out the hiring of temporary workers across its agencies, the South Sumatra administration is preparing to implement an outsourcing system as stipulated under a 2005 government regulation on the appointment of temporary employees to become full-fledged civil servants.
Mon, 18 Jan 2010
Indonesian Govt Gives Green Thumb-Up To Plant Papua ‘Food Estate’
The government has finalized plans and is ready to move ahead with the country’s first integrated food production zone in Merauke, Papua, a minister told the Jakarta Globe on Sunday.“Drafting of the regulation has been finished and it is ready to be signed by the president,” Agriculture...
Sun, 17 Jan 2010
Indonesia expecting hike in imports from China
Jakarta (ANTARA News) - Indonesia predicts imported products from China will rise by the end of the first quarter or around March this year following the implementation of the Asean-China Free Trade Agreement (ACFTA).
Sat, 16 Jan 2010
Indonesia Considers Change in Property Law
Those Eager to Expand the Property Sector in Indonesia Will Have to Deal with Restrictions and Constitutional Challenges to Foreign Land Ownership.(1/15/2010) An international real estate conference planned for Bali in May is prompting Indonesian property developers to lobby intensively for a...
Sat, 16 Jan 2010
Indonesian Banks Turn to Consumers as Businesses Sit On Sidelines
Domestic banks will rely on consumers to drive lending growth again this year, as corporate demand is expected to remain stagnant because of fears about the free-trade agreement with China and the political risk from the Bank Century bailout investigation, analysts said.
Sat, 16 Jan 2010
Indonesia Gives Out Mixed Signals on China FTA
The government remained committed to the free-trade agreement with China and a letter sent to the Asean Council was only a “notification” of potential problems in a number of sectors, not an official request to renegotiate the pact, as previously indicated, a senior Trade Ministry official said...
Sat, 16 Jan 2010
Harbour Construction Permits in Only a Week
TEMPO Interactive, Makassar:The Transportation Department has shortened the permit issuance time of harbour construction from one year to one week.“This no longer time enough to bribe people into issuing a permit,” said the Director General of Sea Transport Sunaryo yesterday.
Fri, 15 Jan 2010
Lombok Deal With Emaar Expires, says Indonesia
i wonder what they want to talk about ...From http://wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1261832851701&p=1135099400295&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNewsUAE ambassador meets Indonesian officialsWAM JAKARTA, Jan.
Fri, 15 Jan 2010
Ministers to Announce New Regulations For Riau Regional Trade Zone
TEMPO Interactive, Jakarta: Three ministers were scheduled to be in Batam Island in Riau Islands today (15/1) to attend the formal announcement of new trade regulations for Batam, Bintan and Karimun islands.
Thu, 14 Jan 2010
Lombok Deal With Emaar Expires, says Indonesia
Yes!! It's dead! The deal is dead!! Tank de lawd.
Thu, 14 Jan 2010
Indonesia Real Estate: What Led To 2009's Lackluster Performance?
Despite strong GDP growth, Indonesia's real estate prices were flat in 2009. Key factors affecting the market include foreign ownership restrictions, unpredictable inflation fluctuations, a construction boom and an underdeveloped mortgage system.
Thu, 14 Jan 2010
Lombok Deal With Emaar Expires, says Indonesia
The Indonesian government says an agreement with Dubai-based Emaar Properties to develop a massive tourist resort on Lombok has officially expired, but Emaar will be given the chance to sign a new deal.
Thu, 14 Jan 2010
Indonesia Opens ‘Fast-Track’ Door To Private Energy Producers
A presidential decree signed on Friday has formalized a plan for private-sector power producers to supply power under the second phase of the government’s “fast-track” generating program , a senior Energy Ministry official said on Wednesday.
Thu, 14 Jan 2010
Egypt Mulls Trade Barrier Talks With Indonesia
TEMPO Interactive, Jakarta: Trade Minister Mari Elka Pangestu met with her egyptian counterpart Rachid Mohamed Rachid to discuss trade barriers and improve commercial ties between the two countries.After the meeting at the Trade Department on Wednesday (13/1) Minister Mari Elka said Indonesia sees...
Wed, 13 Jan 2010
Graft threatens Indonesia's carbon offset billions: report
JAKARTA (Reuters) - Billions of dollars set to flood into Indonesia under a U.N.-backed forest protection scheme are at risk because of graft unless the country puts strong oversight mechanisms in place, a report released on Tuesday warned.
Wed, 13 Jan 2010
Sharing the burden of producing sustainable biofuels
Palm oil is one of the world's most traded and versatile agricultural commodities. It can be used as edible vegetable oil, industrial lubricant, raw material in cosmetic and skincare products and feedstock for biofuel production.
Wed, 13 Jan 2010
Indonesia's Investment Board Seeking Solutions
Pak Gita, while you are picnicking in the provinces, you may wish to note that since the 4th of January, when you introduced your "radical changes" to procedures at the BKPM, not *one* investment permit has been issued.you turkey.
Wed, 13 Jan 2010
Indonesia's Investment Board Seeking Solutions
Gita Wirjawan, the chairman of the Investment Coordinating Board, has embarked on a tour of 25 provinces to find solutions to problems hampering investment in the regions.“If we can bring in regional leaders to help solve these problems, we may maximize investment,” he said on Tuesday.
Wed, 13 Jan 2010
Tourists to spend $7b in 2010
Tourism Minister Jero Wacik said Tuesday the foreign exchange reserves from the tourism industry would be raised from the 7 million tourist arrivals.“We have set tourist arrivals at 7 million people, with each of them spending an average $1,000,” Jero said as quoted by Antara state news agency.
Wed, 13 Jan 2010
Japan Asked to Invest Agressively
TEMPO Interactive, Jakarta:The government is targeting that Japan investment value increases 14 percent this year to develop various industrial sectors, especially steel, automotive and shipping.Last year Japan invested around US$ 21 million or Rp192 trillion.
Wed, 13 Jan 2010
Investment in cellular telecommunications US$2.2 billion
Makassar (ANTARA News) - Investment in the cellular telecommunications industry in Indonesia in 2010 is projected to reach US$2.2 billion, with the market estimated to grow by 11 percent.Telkomsel Coorporate Communications Manager for Pamasuka area Jowvy Kumala said here Tuesday to reach the growth...
Wed, 13 Jan 2010
Minister to alert port customs to possible import surge
Jakarta (ANTARA News) - Industry Minister MS Hidayat plans to visit Tanjung Priok seaport on Thursday to alert customs authorities to a possible surge in imports following the coming into force of the ASEAN-China Free Trade Agreement (ACFTA).
Wed, 13 Jan 2010
Kadin : Foreign trade`s contribution to growth to see deficit
Jakarta (ANTARA News) - The Indonesian Chamber of Commerce and Industry (Kadin) predicts Indonesia`s foreign trade will continue to see a deficit in its contribution to national economic growth in 2010.
Wed, 13 Jan 2010
Foreign Ownership Would Triple Indonesia's Property Sector, Says Industry
buying an apartment in the best of circumstances is a bit of a gamble. in indonesia, with the complete lack of a responsible maintenance culture, the average foreigner would be mad to buy.even indonesians don't like them.
Wed, 13 Jan 2010
Foreign Ownership Would Triple Indonesia's Property Sector, Says Industry
Agree kuku -- plus I dont see many "non-indonesians" wanting to buy apartments anyway. Have you had a look at the new ones going up? So small you cant swing a cat in them!
Wed, 13 Jan 2010
Foreign Ownership Would Triple Indonesia's Property Sector, Says Industry
seems mr riady is using his Jakarta Globe to push commercial agendas. who would have thought?this property-ownership-for-foreigners story has been dusted off annually for at least 10 years now. but i guess with the glut of apartments in jakarta, there is added incentive for the developers to push...
Wed, 13 Jan 2010
Foreign Ownership Would Triple Indonesia's Property Sector, Says Industry
A government plan to allow foreign nationals to buy houses and condominiums would provide an important boost to the economy, likely more than tripling the property sector’s contribution to 10 percent of GDP, industry players said on Tuesday.“Currently, the property sector only contributes 2.
Tue, 12 Jan 2010
Bureaucracy Slows Indonesia Oil & Gas Development
As the country's resources flag, an ill-considered government move puts a roadblock in the wayIndonesian oil and gas development is expected to stall in 2010, with state revenue from the sector falling US$6.36 billion, down 25 percent on 2009, and direct investment falling to $12.
Tue, 12 Jan 2010
Navy Complain Over Shipyard Construction in Batam
TEMPO Interactive, Jakarta: The National Armed Forces have filed compliant over a construction of a new shipyard near the Batam Naval Base in Riau Islands, Sumatra, and demanded cease on the project on ground that the new facility was too close to the naval base.
Tue, 12 Jan 2010
Indonesia, Japan agree to boost cooperation on investment
JAKARTA, Jan. 11 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono on Monday met Japanese Minister of Economy, Trade and Industry Masayuki Naoshima at the State Palace, both agreeing to boost cooperation on investment.
Tue, 12 Jan 2010
Govt to offer two economic zones to investors soon
Jakarta (ANTARA News) - The government has named two special economic zones as economic development hubs it will offer to investors this year, a chief economic minister said."In 2010, there have been two zones which are ready to be offered soon," Coordinating Minister for Economic Affairs...
Tue, 12 Jan 2010
Tech Pirates Find Safe Port In Indonesia
Software piracy in Indonesia is an open secret. Copies of everything from Microsoft Windows 7 to the latest games line the shelves of software shops in Ratu Plaza and other malls. All are illegally duplicated, and sell starting at just Rp 25,000 ($2.75) per disc.
Tue, 12 Jan 2010
Allow Foreigners to Purchase Property by May, Govt Urged
The government should revise rules to allow foreign nationals to buy apartments and houses in Indonesia before an international real estate forum in Bali in May, the head of a real estate association said on Monday.
Mon, 11 Jan 2010
Team to overcome obstacles faced by national products
Jakarta (ANTARA News) - An official said that the government has set up a coordination team to overcome obstables faced by national products in their competition with foreign products."The team is tasked with conducting coordination among ministries and between the central and regional...
Mon, 11 Jan 2010
China Trade Deal to Cost Indonesia 'Millions of Jobs’
In the latest and most authoritative warning about a new region-wide free-trade agreement with China, an executive with the state social security provider PT Jamsostek predicts that as many to two million Indonesians will be laid off because their firms can’t outperform their Chinese rivals.