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Mon, 11 Jan 2010
Indonesia gets Traffic Laws! Kompas protests!
Law number 22/2009 concerning Traffic comes into effect today!and already people are demanding that it be delayed until it has been "socialised"! Today's Kompas front page screams: "The Community will become Victims: Law No 22/2009 concerning Traffic should be delayed"here's...
Sat, 09 Jan 2010
Palm Oil Under Heavy Fire Over Environmental Toll
Palm oil has always been under fire, first because of its allegedly adverse effect on cholesterol, since disproven, and then because of tropical deforestation to clear the way for oil palm plantations.However, the ante has been raised considerably in recent months.
Sat, 09 Jan 2010
Miners, Property Developers Best Bets For Indonesian Investors in 2010, Danareksa Says
Coal, nickel and tin prices will probably rise as the global economy recovers, making mining stocks such as PT Bumi Resources a good investment, while property developers will benefit from lower borrowing costs, analysts at state-owned brokerage PT Danareksa Sekuritas said.
Sat, 09 Jan 2010
RI's lack of infrastructure exacerbates FTA's impacts
Business associations blame Indonesia's unreadiness to face the ASEAN-China free trade agreement (FTA) on the poor quality of infrastructure.The chairman of the Indonesian Motorcycle Industry Association, Gunadi Sindhuwinata, said Friday that infrastructure all across the country had remained...
Sat, 09 Jan 2010
China and India Threaten Local Pharmaceutical Industry
TEMPO Interactive, Jakarta:Head of the Indonesia Pharmaceutical Entrepreneurs Association Anthony C.H. Sunarjo has confirmed that ASEAN-China free trade threatens the domestic pharmaceutical industry.“Especially small- and medium-size companies,” he said when contacted on Wednesday.
Sat, 09 Jan 2010
Businessmen Need Free Trade Information
TEMPO Interactive, Surakarta:Businessmen in the provinces do not have enough information regarding the ASEAN-China Free Trade Agreement. They are urging the central government and business groups in Jakarta to immediately share the information with them.
Sat, 09 Jan 2010
BKPM plans to hold massive promotional campaigns abroad
Pontianak, W Kalimantan (ANTARA News) - The Investment Coordinating Board (BKPM) is gearing up for massive overseas campaigns starting next month to promote the country`s regional potentials."We aim to conduct the promotional campaigns in five to seven countries each month," BKPM Chief...
Fri, 08 Jan 2010
A new world order
Indonesia is well placed to share in the most significant theme shaping the world economy: the shift in the balance of economic and financial power from the West to the East. The countries that succeed in this shift will fit into one of three categories.
Fri, 08 Jan 2010
Indonesian Government May Unlock Real Estate For Expats
Expatriates in Indonesia may soon be able to make the jump from being renters to owners, as the State Ministry of Public Housing announced on Thursday that it was planning changes to the law that would allow foreigners to own homes in cities and special economic zones.
Thu, 07 Jan 2010
Indonesia's key minerals output expected to plunge in 2011
JAKARTA, Jan. 7 (Xinhua) -- Production of three key minerals will plunge in 2011 as technical problems and other delays take their toll, the Jakarta Globe reported on Thursday. Bambang Setiawan, the director general of coal, minerals and geothermal energy at the Ministry of Energy and Mineral...
Thu, 07 Jan 2010
Domestic Investors Help Fill Void as Indonesia FDI Plunges
Indonesia recorded a 28 percent drop in realized foreign direct investment in 2009, the chief of the Investment Coordinating Board said on Wednesday.Analysts said this showed that the nation had not escaped the impact of the global financial crisis, which hampered the ability of banks to supply the...
Wed, 06 Jan 2010
Wealth Managers Roll Out Red Carpet For Indonesia's Multiplying Millionaires
Singapore. Sandiaga Uno, the second-youngest man on Forbes’s Indonesia rich list, says private bankers inundate him with investment pitches and have offered everything from wine-tasting and concerts to karaoke evenings and gambling trips to Macau to solicit his business.
Wed, 06 Jan 2010
Investment in mining to top $2.5b in 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.Bambang Setiawan, the director general of mineral resources, coal and geothermal mining at the Energy and Mineral Resources Ministry, told Antara the government had increased its investment target from $1.
Wed, 06 Jan 2010
Indonesia Tourist Arrivals Rose in 2009 but Spending Declined
More foreign tourists visited Indonesia last year than in 2008, but they spent less, resulting in a sharp decline in total tourism revenue, the government reported on Monday.A total of 6.45 million foreign nationals visited the country in 2009, an increase of 0.
Wed, 06 Jan 2010
Foreign tourists catch some rays at Bali
Foreign tourists catch some rays at Bali's Kuta Beach. (Photo: J.P. Christo, JG)Indonesia Tourist Arrivals Rose in 2009 but Spending DeclinedMore foreign tourists visited Indonesia last year than in 2008, but they spent less, resulting in a sharp decline in total tourism revenue, the government...
Wed, 06 Jan 2010
Indonesia's Pawn-Shop King Seeking Rp 7 Trillion to Lift Lending
State-owned PT Perum Pegadaian, the country’s biggest operator of pawn shops, said on Tuesday that it would seek Rp 7 trillion ($756 million) from the capital markets this year to strengthen its capital structure and increase its total lending.
Wed, 06 Jan 2010
Insurance Fund to Protect Indonesia Infrastructure Investments
The government has established a state-owned guarantee fund to protect investors in infrastructure projects from any “unfavorable” policies that could hurt their investments, the Finance Ministry said on Tuesday.
Tue, 05 Jan 2010
Indonesian president happy with country's 2009 economic performance
Indonesian President Susilo Bambang Yudhoyono said Tuesday that the country's economic performance in 2009 was quite well at the backdrop of a crisis that rammed global economy, the Antara news agency reported.
Tue, 05 Jan 2010
Customs foil attempt to smuggle in second-hand clothing
Jakarta (ANTARA News) - Riau Islands customs officers in Natuna waters on Monday (Jan 4) foiled an attempt to smuggle thousands of bales of second-hand clothing from Malaysia to Flores, East Nusa Tenggara.
Tue, 05 Jan 2010
Manufacturing Growth to Surge, Says Indonesian Government
The government is forecasting that the manufacturing sector will grow by 4.55 percent in 2010, in line with the recovery of the domestic and global economies, a senior cabinet minister said on Monday.Although still modest, that represents a significant improvement over last year, when the sector is...
Tue, 05 Jan 2010
Indonesian Bankers Call for Restrictions To Limit Expansion of Foreign Rivals
Indonesian bank executives on Monday called on the government to use licensing restrictions to limit foreign investors’ expansion in the domestic banking industry.Agus Martowardojo, chairman of the Indonesian Bankers Association (IBI), said Bank Indonesia should follow the lead of neighboring...
Tue, 05 Jan 2010
RI proposes ASEAN to delay FTA
The Indonesian government submitted a proposal to the ASEAN Council last week to postpone tariff reductions on 228 items under the free trade agreement between the regional grouping and China.“The notification we sent to the ASEAN Council last week stipulates we want a renegotiation,” Industry...
Tue, 05 Jan 2010
Power supply problems overcome by October 2010 : Minister
Jakarta (ANTARA News) - The electricity supply problems in a number of regions in Indonesia will be overcome by October 2010, Coordinating Minister for Economic Affairs Hatta Radjasa said here on Monday.
Mon, 04 Jan 2010
Energy and mining revenue expected to drop in 2010
The failure to attract enough investors for new oil and gas blocks offered in 2009 will cost the government a Rp 60 trillion (US$6.36 billion) drop in state revenue this year, the energy and mineral resources ministry said.The ministry estimated the revenue from the sector would drop to Rp 175.
Mon, 04 Jan 2010
Plantation Sector Set for Steady Growth: Govt
Plantation sector investment is forecast to grow by 11 percent per year over the next five years while the amount of land used for palm oil plantations will jump by almost 20 percent, according to an Agriculture Ministry forecast released last week.
Mon, 04 Jan 2010
Analysts Say Domestic Demand, Not Government Stimulus, Saved Indonesian Economy
Despite the turbulence in financial markets decimating global commerce and nearly toppling trade-driven economies in February, the Bank Indonesia governor at the time, Boediono, said the nation had “a blessing in disguise.
Mon, 04 Jan 2010
Regional Free-Trade Deal With China Comes Into Effect
Bangkok. A free-trade agreement between China and Southeast Asia came into force on Friday, consolidating a sixfold surge in economic activity over the past decade between countries representing a quarter of the world’s population.
Mon, 04 Jan 2010
Local Biofuel Output Dives In 2009 as CPO Price Rises
Indonesia fell woefully short of its biofuels target in 2009 as producers halted operations because of the surging price of crude palm oil, the main raw material.Total biofuel production was just 104,100 kiloliters in 2009, a 96 percent fall from the 2.
Sat, 02 Jan 2010
Govt to solve overlapping regulations
Quoting: biznewsGovt to solve overlapping regulations by overlapping the overlapsby Banyak Babiyo., The Jakarta Post, Jakarta The government is to issue a new regulation next February to help solve the classic problem of overlapping regulations between central government and regional and provincial...
Sat, 02 Jan 2010
To reject trade protectionism, actions matter
BEIJING, Jan. 1 (Xinhua) -- A free-trade agreement between China and Association of Southeast Asian Nations (ASEAN) took effect on the first day of the 2010, a solid move from the two sides to demonstrate their craving for and determination on cooperation and free trade while some other nations are...
Sat, 02 Jan 2010
Biggest regional trade deal unveiled
China and the 10-country Association of South East Asian Nations on Friday launched the final stage of the world’s biggest regional trade agreement, measured by population, in spite of Indonesia’s last-minute attempts at renegotiation.
Sat, 02 Jan 2010
RI needs to increase competitiveness in facing ACFTA
Yogyakarta (ANTARA News) - Indonesia needs to increase its product competitiveness in facing the ASEAN China Free Trade Area (ACFTA) in 2010, economic analyst of the Yogyakarta Muhammadiyah University (UMY) Lilies Setiartiti said.
Fri, 01 Jan 2010
Indonesia to enhance export growth
2010 has just begun, and many are waiting for something better to happen. With the establishment of the Free Trade Area between ASEAN countries and China, Indonesia hopes to enhance its export growth in the midst of concerns from manufacturing industries.
Fri, 01 Jan 2010
China-ASEAN free trade area starts operation
NANNING, Jan. 1 (Xinhua) -- China and the Association of Southeast Asian Nations (ASEAN) kicked off the world's largest free trade area (FTA) embracing developing countries Friday as businessmen and trucks loaded with vegetables and fruits thronged border markets.
Fri, 01 Jan 2010
Govt to solve overlapping regulations
The government is to issue a new regulation next February to help solve the classic problem of overlapping regulations between central government and regional and provincial administrations.Director general for forest planning at the Forestry Ministry, Soetrisno said Wednesday the ministry was...
Fri, 01 Jan 2010
RI at a crossroads: Which way to go in the Asian century
After passing through an extraordinary year, 2009, as well as the first decade of the 21st century, Indonesia finds itself at a crossroads just ahead of both the new year and the century’s second decade.