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Sat, 06 Jan 2007
Plan For Revisions of Workers’ Guarantee Law
TEMPO Interactive, Jakarta: Worker circles support the government's plan of revising the payment system of severance pay that entrepreneurs offer to the insurance system of Workers’ Guarantee (Jamsostek). The support is given as long as the amount of payment does not alter.
Sat, 06 Jan 2007
Only 40% of pharmacies ready for free trade
Only 40 percent of local pharmaceutical firms comply with the "current good manufacturing practices" (CGMP), which promote standardized product quality, required under the ASEAN Free Trade Agreement (AFTA) that takes effect in 2008, an association says.
Sat, 06 Jan 2007
Burger King will begin opening stores in Indonesia
MIAMI (AP): Burger King Holdings Inc., the world's No. 2 burgerchain, said Thursday said it will begin opening restaurants inIndonesia in June.Burger King said its subsidiary, BK AsiaPac Pte Ltd. gavedevelopment rights for Indonesia to PT Sari Burger Indonesia,which is principally owned by PT Mitra...
Fri, 05 Jan 2007
VP agrees to let Jamsostek handle workers' severance pay
Jakarta (ANTARA News) - Vice President Jusuf Kalla has agreed to a proposal that the severance pay of laid-off workers be paid by state-owned workers` insurance company PT Jamsostek with the understanding that employers increase their premium payments to PT Jamsostek.
Fri, 05 Jan 2007
New Investment to Gain Attractive Tax Incentives
TEMPO Interactive, Jakarta: The government is offering tax incentives for new investment that will be far more attractive than tax holidays.There are 15 specific business sectors as well as nine business sectors in certain regions that will be granted the incentives.
Fri, 05 Jan 2007
New bill aims for mining-sector integration
To promote greater integration in the mining industry, a new minerals bill will requires investments in the sector to include the establishment of complete upstream-to-downstream processing plants, an official says.
Fri, 05 Jan 2007
Price Increases of Industrial Fuels Reduce Competitiveness
TEMPO Interactive, Jakarta: The government considers that the price increases of fuels for the industrial sector in January 2007 will reduce production competitiveness.Both the steel and textile industries will experience the impact of these fuel price increases.
Fri, 05 Jan 2007
Total to open five gas stations in 2007
Ika Krismantari, The Jakarta Post, JakartaFollowing in the footsteps of Shell and Petronas, Total E&P Indonesie -- the local affiliate of the world's second largest LNG producer, Total SA, is to build five gas stations selling high-quality fuels in Greater Jakarta this year.
Thu, 04 Jan 2007
Food and beverage exports may break $2 billion mark in 2006
Exports of food and beverages will grow by between 10 and 15 percent this year from the US$2 billion in earnings estimated for 2006, the Indonesian Food and Beverage Producers Associations (GAPMI) says."It is only an interim estimation as we haven't completed all the calculations for last year.
Thu, 04 Jan 2007
Exports hit $8.02b in November, highest level in history
The country's exports broke yet another record in November at US$8.92 billion, the Central Statistics Agency (BPS) reported Tuesday, adding weight to predictions that full-year exports will hit $100 billion for the first time."According to our records, the $8.
Thu, 04 Jan 2007
Mining investment may reach over US$1.5 bln in 2007
Jakarta (ANTARA News)- The government has predicted that investment in general and geothermal mining may reach over US$1.5 billion in 2007, while that in 2006 reached only $1.307 billion, a spokesman said.
Thu, 04 Jan 2007
Duri-Medan Pipeline for Tender
State-owned gas distributor PT Perusahaan Gas Negara (PGN) will invite bids next year for the construction of a $600 million pipeline linking Riau and North Sumatra, The Jakarta Post reported. PGN president director Sutikno said that the 360-km pipeline, which will transmit between 200 million and...
Thu, 04 Jan 2007
Pertamina Retains Distribution Rights
Pertamina Retains Distribution Rights State oil firm Pertamina will retain its exclusive rights to supply and distribute subsidized oil products in 2007 in the domestic market, an official at the country's downstream oil regulator (BPH MIGAS) said on Thursday, Reuters reported.
Thu, 04 Jan 2007
$41 Billion Needed in Investment: Report
State power utility PT Perusahaan Listrik Negara (PLN), says the country needs $41 billion to develop new power plants between 2006 and 2015, Bisnis Indonesia reported on Tuesday (26/12/06). PLN President Eddie Widiono said the amounts of investment required were $26.
Thu, 04 Jan 2007
Expansion, for Retailers
Retailers say they are looking at a quieter year for sales in 2007, amid strong expansion programs by major domestic and international operators.Retailers expect 17% growth this year compared to an estimated 20% last year, in which they made an estimated Rp50 trillion.
Thu, 04 Jan 2007
President Approves Capital Injections
President Susilo Bambang Yudhoyono on Thursday (28/12/06) signed a government regulation ordering the government to inject funds into 12 state-owned enterprises, State Secretary Yusril Ihza Mahendra told reporters.
Thu, 04 Jan 2007
Indonesia Ready for ‘Single Window’ Licensing
Indonesia is ready to support the realization of ASEAN's electronic export-import system called the ASEAN Single Window (ASW), scheduled to become operational in 2008, a senior official said on Tuesday (26/12/06), Antara reported.
Thu, 04 Jan 2007
Govt. Guarantees Investor Security
Property developer PT Ciputra Development plans to build Rp1.2 trillion ($132.2 million) worth of projects that were delayed by the Asian economic crisis, Investor Daily reported on Wednesday (27/12/06).
Thu, 04 Jan 2007
Govt. Guarantees Investor Security
The government guaranteed the security of foreign investment in Indonesia, needed to help boost the country’s economic growth, Coordinating Minister for Political, Legal and Security Affairs Widodo AS said."Security is a matter of perception. The important thing is how to manage problems well.
Wed, 03 Jan 2007
Minimarkets forcing us out, say angry shopkeepers
Though impinging on a traditional way of life in Indonesia, Warung owners are racist (they overcharge bule) and don't, generally, sell cold beer. I don't agree with the overkill on the part of circle K et al either though.
Wed, 03 Jan 2007
Minimarkets forcing us out, say angry shopkeepers
The growing number of minimarkets and convenience stores in Jakarta is forcing many small-scale traders out of business."I lost most of my customers when a minimarket opened up right in front of this market (Bintang Mas market in Kemanggisan, West Jakarta) a few months ago," Lilis, a shopkeeper,...
Wed, 03 Jan 2007
Itochu eyeing railway track project in Central Kalimantan
Jakarta (ANTARA News/Asia Pulse) - The government has received a letter from Japan's Itochu indicating interest in building a railway track in Central Kalimantan, Transport Minister Hatta Rajasa said.Hatta told the newspaper Investor Daily, however, the government has to pass a law on railway...
Wed, 03 Jan 2007
Bakrie Given Time Until July 2007
TEMPO Interactive, Jakarta: The government has given Bakrie Brothers until July 2007 to solve the matters of gas supply and off takers (buyers of gas). Bakrie was the winner of a special rights tender on East Kalimantan-Central Java pipeline.
Mon, 01 Jan 2007
Kalimantan Gold in Deal with Oxiana
Kalimantan Gold Corporation Limited said Monday (18/12/06) that it has finalized its option deed with Australian copper and gold mining company, Oxiana Ltd.Previously announced as a Heads of Agreement in October, the option deed grants Oxiana an option to earn up to a total interest of 66.
Mon, 01 Jan 2007
Sinar Mas to Build Bio-diesel Plant
Sinar Mas Group, through its subsidiary PT Nabati Energi Mas, plans to construct a bio-diesel plant next year with capacity of 400,000 tons per annum, Investor Daily reported, citing a company official.
Mon, 01 Jan 2007
Tenders Open for Small Plants
State power utility PT PLN has called for bids to build 25 coal-fired steam power plants as part of a program aimed at fast tracking additional power supply, XFN-ASIA reported.Under the plan PLN is seeking to bring on-stream new electricity capacity of 10,000 MW.
Mon, 01 Jan 2007
$2.8 bn in Loans for Bio-fuel
Five Indonesian state-owned and regional banks have been tasked to lend $2.8 billion next year to help develop bio-fuel projects and revitalize the country's plantation sector, Dow Jones Newswires reported.
Mon, 01 Jan 2007
Tender for Fiber-Optic Expansion
The government will hold a tender in March in a bid to expand its fiber-optic cable network in a bid to strengthen its telecommunications sector, a communications department official said on Tuesday, according to Reuters.
Mon, 01 Jan 2007
World Bank Loan for Reform Program
The World Bank has approved a loan package of $600 million to support Indonesian reforms, which it said were already bearing fruit.The assistance comprises a $530 million loan and a concessional credit of $70 million, it said Wednesday in a statement, Agence France-Presse reported.
Mon, 01 Jan 2007
Indonesia Named Regional Base for LG
South Korean electronics producer LG Electronics Corporation is planning to make Indonesia a base for production of four types of domestic appliances for the Asian and Australian markets, Antara reported.
Mon, 01 Jan 2007
Russia's Alfa May Invest $2bn
One of Russia's largest privately owned holding companies, the Alfa Group, announced Wednesday (20/12/06) it plans spend up to $2 billion in Indonesia's mobile telecommunications industry, The Jakarta Post reported.
Mon, 01 Jan 2007
China Leads Investment Interest
A Chinese official has said his government intends to increase investment in Indonesia, particularly in the power and resources sectors, as a number of other investment deals were taking shape.The reports provided an optimistic note to the end of a year in which investment realizations have been...
Mon, 01 Jan 2007
World Bank to Fund Java Quake Reconstruction
A project to build 21,500 permanent houses and 24,500 temporary shelters for victims of the Java earthquake and tsunami was launched Wednesday, the World Bank said.Some 6,000 people were killed and 300,000 homes destroyed or seriously damaged in the May 27 quake which hit Yogyakarta and its...