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Fri, 18 Jan 2008
Govt to move up start of massive soybean planting drive
Manado, N Sulawesi (ANTARA News) - The government will move up the launching of a massive soybean planting drive to 2010 from 2015 as originally planned to reduce the country`s dependence on imported soybean, a minister said.
Fri, 18 Jan 2008
Pertamina to lift investment by 50 percent
Jakarta (ANTARA News) - Indonesia's state oil and gas firm, Pertamina, aims to lift investment by 50 percent to 21 trillion rupiah ($2.2 billion) this year to boost crude output and upgrade refineries, its president said on Thursday.
Fri, 18 Jan 2008
Indonesian 2008 car sales expected to rise a fifth
Jakarta (ANTARA News) - Indonesian vehicle sales are expected to jump by a fifth this year to 520,000 units, powered by economic growth in rural areas and extra spending ahead of an election year, the head of an industry group said on Friday.
Fri, 18 Jan 2008
2008 is Good Year to Buy Property
Thursday, 17 January, 2008 | 18:13 WIBTEMPO Interactive, Jakarta: Sanggam Sitorus, Marketing Research Manager at PT Bakrie Swasakti Utama, gas said that this year is a good year for the public to buy property.
Thu, 17 Jan 2008
Soybean debacle highlights government mismanagement
At the start of his presidential term four years ago, Susilo Bambang Yudhoyono promised to put the agriculture sector at the top of his agenda with the aim of reaching self-sufficiency in producing strategic commodities.
Thu, 17 Jan 2008
SBY hasn't set deadline for issuing the severance law
A favorite topic of mine this one! Unless Indonesia makes some very drastic changes very quickly to the manpower laws they will see a mass reduction in Manufacturing as the MNC head to India, China and Vietman.While it may seem Indonesia has cheap labor ..
Thu, 17 Jan 2008
Indonesias Top Priorities of Increasing Oil Production and Market Liberalization
Indonesia's top lawmakers are now starting to face the reality of the nation's Production Sharing Contracts system, which have been unable to stop the steady decline in Indonesia's crude production.Putting the archipelago's oil production on the road to recovery remains the key issue among...
Thu, 17 Jan 2008
Govt may increase number of soybean importers
Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Boediono said the government may increase the number of soybean importers as part of its short-term measure to curb the upward trend in the price of the commodity.
Thu, 17 Jan 2008
Govt urges importers to release soybean stocks
Jakarta (ANTARA News) - The government called on importers on Wednesday to release their soybean stocks to the market in order to help stabilize the commodity`s price.Director General for Processing and Marketing of Agricultural Products Djoko Said Damardjati said his office had held talks with the...
Thu, 17 Jan 2008
Container terminal set for massive expansion
JAKARTA (JP): The Jakarta International Container Terminal (JICT) will expand its 72-hectare container yard by 12.4 hectares to increase its storage capacity by 57 percent to 55,000 twenty-foot equivalent units (TEUs), president director Bambang Bhakti said Wednesday.
Thu, 17 Jan 2008
SBY hasn't set deadline for issuing the severance law
JAKARTA (JP): President Susilo Bambang Yudhoyono refused Wednesday to set a deadline for the issuance of the controversial government regulation on dismissal benefits."I haven't set a date ... but it will be issued soon," he told a press conference after chairing a cabinet meeting at the Ministry...
Wed, 16 Jan 2008
Indonesia’s infrastructure stunts growth
(REUTERS) Indonesia’s rust-bucket ferries are a symbol of the decrepit infrastructure which has plagued Southeast Asia’s biggest economy and prevented it from matching China’s meteoric growth rate.
Wed, 16 Jan 2008
Indonesia, Malaysia to boost trade, investment ties
Indonesia and Malaysia have signed a Memorandum of Understanding (MoU) on the establishment of a joint committee as an effort to increase two-way trade and investment.Addressing at the MoU signing of the Joint Trade and Investment Committee (ITIC) on January 11, Indonesia’s President Susilo...
Wed, 16 Jan 2008
Malaysia’s edge over Indonesia if EU bans palm biodiesel
PETALING JAYA: Malaysia, with regulators more in control of land issues, is better positioned than Indonesia if the European Union bans certain biofuels derived from crops grown on forests, wetlands or grasslands, a research house said.
Wed, 16 Jan 2008
Ciputra plans new Rp 7t project
Publicly listed property company PT Ciputra Property plans to invest Rp 7 trillion (US$747.36 million) on an integrated shopping mall, hotel and apartment project in Jakarta.President director Candra Ciputra said Tuesday the project would underline the reputation of the Ciputra Group as one of the...
Wed, 16 Jan 2008
Industrial fuel price raised
State oil and gas company Pertamina on Tuesday raised the price of industrial fuels following depreciation of the local currency against the U.S. dollar early this month.The company raised the price of gasoline for industrial use by 6.7 percent to Rp 7,833 (84 U.S. cents) per liter.
Wed, 16 Jan 2008
More imports 'could curb soaring soybean prices'
To curb the surging price of soybeans, legislators suggested Tuesday the government scrap its policy limiting the number of designated importers.The policy is considered a major factor for the skyrocketing prices.
Wed, 16 Jan 2008
Indonesia to boost soybean output to 900,000 tonnes
Jakarta (ANTARA News) - Indonesia plans to boost domestic soybean output to 900,000 tonnes this year to reduce dependence on imports as soaring prices have hurt the local food industry, Agriculture Minister Anton Apriyantono said on Tuesday.
Tue, 15 Jan 2008
Soybean scarcity may fuel inflation in January
Jakarta (ANTARA News) - A soybean scarcity that happened early this year is predicted to fuel inflation in rest of January - something which could affect the government`s annual inflation target of 5 percent with plus or minus one percent.
Tue, 15 Jan 2008
Bali`s exports exceed target
Denpasar, Bali (ANTARA News) - Bali province in the first eleven months of 2007 exported US$461.9 million worth of non-oil/non-gas commodities, exceeding its target of US$458.7 million for the year."I believe the foreign exchange earnings from Bali`s non-oil/non-gas exports will be 10 percent...
Tue, 15 Jan 2008
Tofu, tempe factories in Bogor stop production
Originally Posted By: KuKuKaChuTofu, tempe factories in Bogor stop production"President SBY likes tofu and tempe very much. He has instructed the trade and agriculture ministers to meet tofu and tempe producers and deal with the price hike problem," presidential spokesman Andi Mallarangeng...
Tue, 15 Jan 2008
Tofu, tempe factories in Bogor stop production
Bogor, W Java (ANTARA News) - Most tofu and tempe (fermented soybean cake) producers have temporarily stopped production as a solidarity with their colleagues who staged a rally in front of the Merdeka Palace here on Monday following the recent soyabean highrocketing price.
Tue, 15 Jan 2008
Govt to lower soybean import duty
Jakarta (ANTARA News) - The government would lower the soybean import duty to lower the domestic price of soybean, Trade Minister Mari Elka Pangestu said here, Monday."One concrete move that we can take is to lower the import duty from 10 percent to five or zero percent.
Tue, 15 Jan 2008
Indonesia to switch 10 pct petroleum to biofuel
Jakarta (ANTARA News) - Indonesia plans to substitute around 10 percent of its fossil fuel transport consumption with biofuel products by 2010, a senior government official said on Monday.The resource-rich tropical nation has been pushing the use of biofuels made from various resources such as palm...
Tue, 15 Jan 2008
Entrepreneurs Complain about Listing Fee
Monday, 14 January, 2008 | 16:19 WIBTEMPO Interactive, Jakarta: Several groups that are members of the Nine Associations Alliance are complaining about the government's attitude as regards the legalization of a listing fee or administration fee for registering goods.
Mon, 14 Jan 2008
Coal association sees higher 2008 exports
Coal exports can still exceed 150 million tons this year due to higher supply, despite fears that the government may curb exports to protect domestic demand, a senior industry figure said Tuesday (8/1/08), Reuters reported.
Mon, 14 Jan 2008
Rigging, testing facility for Batam
Aqua-Terra Supply is to set up a rigging and testing and certification facility on Batam, Singapore's Business Times reported Tuesday (8/1/08).The facility will be run under PT MH Global Indonesia, which is a subsidiary of Aqua-Terra unit Marinehub.
Mon, 14 Jan 2008
Excelcom subscribers jump 63% in 2007
Mobile phone operator PT Excelcomindo Pratama's subscribers jumped 63.2% last year, driven by lower prepaid rates and cheaper handset prices, Reuters reported.Excelcom, 67% owned by Telekom Malaysia, said in a statement on Friday (11/1/08) it ended 2007 with 15.5 million subscribers compared with 9.
Mon, 14 Jan 2008
Krakatau Steel to cut steel exports
State steel firm PT Krakatau Steel plans to cut exports of hot-rolled coil and cold-rolled coil by 50% this year to meet rising domestic demand, a company official said on Wednesday (9/1/08) Reuters reported.
Mon, 14 Jan 2008
PT Telkom to spend $2.2B in 2008
The country's largest telecommunications company PT Telkom said it will set aside Rp20 trillion ($2.2 billion) for capital spending in 2008, Asia Pulse reported Tuesday (8/1/08).Around 5% of the fund will be used for business innovation and to acquire information technology, company vice president...
Mon, 14 Jan 2008
Garment makers to invest $122M
A number of textile companies plan to build new garment factories with a total investment of Rp1.1 trillion ($122 million) this year, the Indonesian Textile Association (API) said, Asia Pulse reported Tuesday (8/1/08).
Mon, 14 Jan 2008
Rajawali to spend $200M on oil palm planting
Rajawali Group said it will spend $200 million for expansion in the plantation sector, especially in oil palm plantations, Asia Pulse reported Tuesday (8/1/08).The group, which has stakes in various other sectors including hotels, tourist resorts, coal mining, cement manufacturing and transport...
Mon, 14 Jan 2008
Smelter deal kicks off investment
A preliminary deal between the government and India's state-run National Aluminum Co Ltd on Friday (11/1/08) for a $3.2 billion project to build an aluminum smelter and power plant in Sumatra promises the start of a strong year for growth in Indonesia.
Mon, 14 Jan 2008
House says govt tax holiday plan not possible
Andi Haswidi, The Jakarta Post, JakartaThe House of Representatives said Sunday the government may have to postpone its plan to introduce a tax holiday in a series of incentives proposed in the final draft of a presidential decree on industry development.
Mon, 14 Jan 2008
Natural rubber prices set to climb
This year there are less factors to cite which could reduce the price of natural rubber, with many signs pointing toward the commodity climbing up the chart.A higher demand for automotive products, intensive global campaigns for the use of environmentally friendly materials, poor climatic...
Mon, 14 Jan 2008
RI rubber business set to reach new heights
If booming investment in the rubber processing sector amid tight raw material supply is any indication, the country's natural rubber business is set to reach new heights in the coming year.The Indonesian Rubber Association (Gapkindo), said 10 new rubber processing plants came into operation by...
Mon, 14 Jan 2008
Indonesia`s actual FDI hits US$10.34 bln in 2007, up 73.2 pct
Jakarta (ANTARA News) - Actual foreign direct investment (FDI) in Indonesia reached 10.34 billion US dollars last year, 73.2 percent more than in 2006, the National Investment Coordinating Board said Monday.The board said actual domestic investment rose 57.8 percent last year to 34.
Mon, 14 Jan 2008
Indonesia`s foreign investment jumps 73.2 pct in 2007: official
Jakarta (ANTARA News) - Foreign direct investment (FDI) in Indonesia reached 10.34 billion dollars last year, 73.2 percent up on 2006, the National Investment Coordinating Board said Monday.The amount was well above the board's target of 42.6 trillion rupiah (4.5 billion dollars), it said.
Mon, 14 Jan 2008
Bali`s textile, garment imports rise to $5.9 million
Denpasar, Bali (ANTARA News) - Bali`s textile and garment imports in the first nine months of 2007 rose to US$5.9 million from US$5.4 million a year earlier, a report said.Textile and garment imports stood at US$1.9 million in 2004 and climbed to US$9.3 million in 2005 but declined to US$9.
Mon, 14 Jan 2008
A Call to Demolish Unlicensed Commercial Villas
Despite Demands of Local Legislators, Regional Governments Reluctant to Get Too Tough with Illegal Villas.Bali News: A Call to Demolish Unlicensed Commercial Villas(1/12/2008) The Regional Legislative Council (DPRD) in Tabanan is calling on the Regent and Governor to demolish illegal luxury villas...
Mon, 14 Jan 2008
2008: A Bumper Year for Meetings in Bali
Meeting and Conference Business from Australia Expected to Return to Bali in 2008.Bali News: 2008: A Bumper Year for Meetings in Bali(1/12/2008) The hospitality industry in Bali is optimistic of more MICE (Meetings, Incentives, Conferences and Exhibitions) business from Australia following the...
Mon, 14 Jan 2008
Foreign investment in Batam up 56%
Batam (ANTARA News) - Foreign investment inflows to Indonesia`s industrialized island of Batam last year jumped 56 percent to US$288.52 million from US$184.99 million a year earlier, a report said.In 2007, the government licenced 79 new foreign investment projects worth US$288.
Mon, 14 Jan 2008
Thai government to import palm oil
Bangkok (ANTARA News) - Thailand plans to import 60,000 tons of palm oil this month, either from Malaysia or Indonesia, to ease a domestic shortage of the commodity, which is used both for cooking oil and as bio-fuel, news reports said Saturday.
Mon, 14 Jan 2008
Govt needs to reconsider decision to sugar imports
Semarang, C Java (ANTARA News) - The government needs to consider its plan of importing sugar, because such decision would only benefit sugar speculators in the country."The government`s decision to import sugar would even cause uncertainties in the life of the growers," Chairman of the Indonesian...
Mon, 14 Jan 2008
Rich, Asian and all-natural
Indonesia’s wealthy partake of a booming spa tourism industry, joining a pan-Asian community of well-to-do consumers of the ‘non-west’ A Javanese businesswoman, Martha Tilaar, popularly known as the ‘mother of natural based cosmetics’, has recently launched her 'Dewi Sri' line of body...
Fri, 11 Jan 2008
Indonesia mulls local flour subsidy - Industry official
Jakarta (ANTARA News) - Indonesia's government may subsidise the price of wheat flour by paying a 10 percent value added tax for locally processed wheat in order to lower the price of local flour, an industry official said on Wednesday.
Fri, 11 Jan 2008
India consumers replace South Africa coal with Indonesian
London (ANTARA News) - Some Indian coal consumers which have taken predominantly South African coal during 2007 are switching to cheaper Indonesian material in tenders issued this week, Indian traders told Reuters.
Fri, 11 Jan 2008
Toyota to import Indonesia-made vehicles for sale in Japan
Nagoya (ANTARA News/Asia Pulse) - Toyota Motor Corp. (TSE:7203) said Wednesday that it will begin importing compact commercial vehicles produced in Indonesia and selling them in Japan.Production of its fully remodelled Townace/Liteace vans and trucks, to be rolled out in Japan on Feb.
Wed, 09 Jan 2008
Retail association hails new presidential decree
The Indonesian Retailers Association (Aprindo) has hailed a presidential decree on the retail sector as a breakthrough in the perceived disharmony between traditional and modern retail marketsAprindo chairman Handaka Santosa said Tuesday the decree covered the interests of both sides, allowing them...
Wed, 09 Jan 2008
2007 economic growth highest since crisis
Jakarta (ANTARA News) - Bank Indonesia (Central Bank) Governor Burhanuddin Abdullah said that last year`s Indonesian economic growth predicted to reach 6.3 percent, was a record high since the 1997 economic crisis.