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Thu, 08 Jan 2009
Mining law passes with unwanted catch
SINGAPORE - A new mining law in Indonesia, long delayed and keenly anticipated by foreign investors, secured passage through parliament last month with complications that dimmed hopes it would quickly unleash a new spate of exploration and development.
Thu, 08 Jan 2009
Bandung Revitalizes Creative Zones
Originally Posted By: DilliBandung municipality will permanently close down the oldest red-light district in the city to make way for a proposed Islamic centre, putting more than 1,000 people out of work in the process.I still lament the loss of Kramat Tunggak.
Thu, 08 Jan 2009
Bandung Revitalizes Creative Zones
I fear that they have overlooked possibly one of the most lucrative "areas"....Bandung municipality will permanently close down the oldest red-light district in the city to make way for a proposed Islamic centre, putting more than 1,000 people out of work in the process.
Thu, 08 Jan 2009
Bandung Revitalizes Creative Zones
TEMPO Interactive, Bandung:The Bandung city administration plans to revitalize creative industry areas as an effort to increase competitiveness among creative industries this year. "There are five creative industrial centers to be revitalized," said Bandung mayor, Dada Rosada, yesterday.
Thu, 08 Jan 2009
Thousands of Port Workers Face Dismisal
TEMPO Interactive, Surabaya:The chairman of the Land Transportation Organization of Tanjung Perak, Surabaya, Kodi Lomahayu, said around 6.000 workers at the local port area are facing the threat of dismissal.
Thu, 08 Jan 2009
President warns domestic industries to remain competitive
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has warned domestic industries to remain competitive and not to use nationalism as an excuse for low performance levels.Speaking at a function to present Upakarti, Technology Pioneer, and Indonesia Good Design Selection (IGDS) awards to 33...
Thu, 08 Jan 2009
Minister Wacik Lobbies for North Bali Airport
Jero Wacik, known as Minister Zero by critics for his complete lack of knowledge of ... well ... everything, denied that he had extensive land holdings in northern Bali.
Wed, 07 Jan 2009
Minister Wacik Lobbies for North Bali Airport
Suggesting There May be Little Alternative, Jero Wacik Urges Serious Consideration for a New Airport in North Bali.(1/3/2009) Radar Bali reports that there are two schools of thoughts are forming on the future of Bali's international airport.
Wed, 07 Jan 2009
Website at the heart of graft scandal shut down
Dozens of notaries flocked to the Justice and Human Rights Ministry office Tuesday as they scrambled to process their clients’ business permits, following the closure of a graft-linked online administration system.The ministry’s website, www.sisminbakum.
Wed, 07 Jan 2009
President says no need for investors to worry about security
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono guaranteed security during the general elections this year, and assured investors not to worry about their security."Indonesia will be able to maintain security, so that it is not necessary for investors to be afraid of anything.
Tue, 06 Jan 2009
Plan to Open New CPO Markets Criticized
Minister of Trade Mari Pangestu has come under fire from an analyst for her plan to “rescue” the nation’s palm oil producers by attempting to create new markets overseas.At a press conference in Jakarta on Monday, Mari announced a plan to open up new export markets in the Middle East and...
Tue, 06 Jan 2009
Indian Investor To Build Steel Plant
TEMPO Interactive, PALANGKARAYA:An Indian investor will soon build a steel plant in Central Kalimantan’s Lamandau, as it is the biggest ore producer in the province.According to Central Kalimantan governor Teras Narang, an MoU is scheduled to be signed by both parties this week.
Tue, 06 Jan 2009
President says no need for investors to worry about security
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono guaranteed security during the general elections this year, and assured investors not to worry about their security."Indonesia will be able to maintain security, so that it is not necessary for investors to be afraid of anything.
Mon, 05 Jan 2009
Malaysia needs 200,000 ha of land in Kalimantan
Kuala Lumpur, (ANTARA News) - Malaysian Religious Affairs Minister Ahmad Zahid Hamidi said Malaysia`s Hajj Saving Institution was seeking 200,000 hectares of land for oil palm plantations in Kalimantan.
Mon, 05 Jan 2009
Infrastructure projects key to safeguarding economy
Mustaqim Adamrah and Aditya Suharmoko, The Jakarta Post, JakartaThe government and businesses seem to have agreed on one solution that could mitigate the impact of the global slowdown while also creating millions of new jobs -- to accelerate government-led infrastructure projects.
Mon, 05 Jan 2009
Govt to revitalize Ngurah Rai airport
The Jakarta Post | Sat, 01/03/2009 5:17 PM | BusinessVice Presiden Jusuf Kalla said Saturday that the government would expand and revitalize the Ngurah Rai International Airport in Denspasar, Bali, and that the construction would begin in April.
Mon, 05 Jan 2009
Land acquisition a long-standing snag
Commuters from Depok commuting to Jakarta will have to wait to enjoy driving down the planned widened 21.7 kilometer Depok-Antasari turnpike as the developer has said it is in difficulty financing the new express lane due to a huge increase in costs.
Mon, 05 Jan 2009
Java-Bali grid set for increased power supply
Java and Bali will receive an additional 1,535 megawatts (MW) of power supply this year, although the increased capacity would still not still reach an ideal level, state power firm PT PLN said over the weekend.
Mon, 05 Jan 2009
Food and Beverage Sector Told to Diversify
With shrinking demand from the main buyers of Indonesia’s exports, such as the United States and the European Union, the country’s food and beverage producers urgently need to diversify their markets, the head of an industry association says.
Fri, 02 Jan 2009
Banks To Scale Down Business Loans
The banking sector will continue lending to businesses this year, although not as aggressively as in 2008, two senior bankers say.“We don’t want to be too conservative about providing loans,” said Agus Martowardojo, chairman of the Indonesian Bankers Institute, or IBI.
Fri, 02 Jan 2009
Yudhoyono Promises Major Economic Stimulus Package
President Susilo Bambang Yudhoyono said on Wednesday that his administration would counter the impact of the global economic recession next year with a fiscal stimulus package worth Rp 12.5 trillion ($1.15 billion).
Fri, 02 Jan 2009
Economic indicators predicted to decline in 2009
Samarinda (ANTARA News) - Economic indicators amidst the global financial crisis are predicted to decline in 2009, an Indonesian Chamber of Commerce and Industry (Kadin) executive says."The global crisis which hit many countries in the world in 2008 will continue this year.
Thu, 01 Jan 2009
Govt cashing in hefty gains from oil, gas, mining, but wary about next year
Alfian, The Jakarta Post, JakartaWhile booking an unprecedented 53.79 percent jump in revenue this year in direct earnings from the energy and mining sectors, the government will prepare for possible economic turbulence next year by lowering revenue expectations for the state coffers.
Thu, 01 Jan 2009
New mining law has its pitfalls
With impeccable timing Indonesia has created a new mining law just as the biggest resource boom in history has come to a grinding halt. Someone recently wrote that Indonesia is the last country miners come to during a mining boom and the first they leave when it ends -- and we have already seen...
Thu, 01 Jan 2009
Investors Wait for Regulation about Industrial Estates
TEMPO Interactive, Jakarta: Chairman of Indonesian Industrial Estates Association, Hendra Lesmana, has said that investors are holding on to their investment funds until the draft government regulation regarding industrial estates is completed.