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Tue, 08 Jan 2008
Khazanah announces merger of Lippo, Niaga
Khazanah Nasional, the Malaysian government's investment arm, confirmed it will merge Lippo Bank and Bank Niaga in Indonesia, creating the country's sixth largest bank by assets to comply with competition regulations, The Financial Times reported Monday (31/12/07).
Tue, 08 Jan 2008
Bakrie Sumatra raises stake in Agri Resources
PT Bakrie Sumatra Plantations said Wednesday (2/1/08) it has raised its stake in Agri Resources BV to 25% after acquiring an additional 5% stake for $8.24 million, Thomson Financial reported.Agri Resources BV, which is incorporated in the Netherlands, is a joint venture between Bakrie and...
Tue, 08 Jan 2008
Riau Islands to get container port
Karimun District administration in Riau Islands province will soon build a container port on a 70-hectare plot of land only 25-minutes sailing from Singapore and Malaysia, Asia Pulse reported Friday (4/1/08).
Tue, 08 Jan 2008
Envoy expects $5B in Middle East investment
Indonesia’s special envoy to the Middle East, Alwi Shihab, says he expects up to $5 billion in investment from the region this year, The Jakarta Post reported on Saturday (5/1/08).He said agreement on a $1 billion investment fund with the Qatar Investment Authority late last year should unlock...
Tue, 08 Jan 2008
Tourist arrivals jump in 2007
The number of tourists visiting Indonesia jumped 14% in the first 11 months of 2007 compared to the same period a year ago, Central Bureau of Statistics data showed Wednesday (2/1/08), Agence France-Presse reported.The 4.
Tue, 08 Jan 2008
Unemployment down to 9.1% in August
Unemployment in Indonesia fell to 9.1% in August 2007 from 10.3% a year before, Dow Jones reported Wednesday (2/1/08).The Central Statistics Agency (BPS) said the number of jobless dropped to 10.01 million people in August from 10.93 million a year before.
Tue, 08 Jan 2008
Slower growth in exports expected: Minister
The country's non-oil and gas exports may grow at a slower pace of 14.5% this year compared to the 16-16.5% pace estimated for last year amid weaker global demand, Trade Minister Mari Pangestu said Friday (4/1/08), Thomson Financial reported.
Mon, 07 Jan 2008
French firm to invest in power, clean water in S Kalimantan, Bali
Banjarmasin, S Kalimantan (ANTARA News) - A French company, NTC, is ready to invest in thermal power generation and clean water production and distribution in South Kalimantan and Bali provinces, Thalib of the Regional Capital Investment Coordinating Board (BKPMD) said here on Monday.
Mon, 07 Jan 2008
Negative investment list still ambiguous, say business leaders
the maximum foreign equity for the business category "business and management consultancy services" was changed from 100% to 49% last july. it was one of the worst aspects of that last change to the investment negative list.
Mon, 07 Jan 2008
Negative investment list still ambiguous, say business leaders
The Indonesian Chamber of Commerce and Industry (Kadin) said Sunday that the newly revised negative investment list was not enough to bolster investor confidence due to remaining ambiguities."Aside from the grandfather clause and the retail sector, revisions to the list are only on those (issues)...
Sat, 05 Jan 2008
Palembang to have compost plant soon
Originally Posted By: KuKuKaChuPalembang to have compost plant soon That's nice. Good on 'em. I was hoping that would happen.
Sat, 05 Jan 2008
Putting Our Tourism House in Order
Leading Expert Examines Why Indonesia Continues to Get Less than its Share of the Tourism Pie.(1/5/2008) The former Executive Director of the Indonesian Promotion Board and a frequent contributor to balidiscovery.
Sat, 05 Jan 2008
Tourism Expert Calls for a Freeze on New Accommodation.
Oversupply of Rooms and Diminishing Water Supply Should Cause Government to Refuse New Accommodation Licenses.(1/5/2008) A leading academic and observer of Balinese tourism from Udayana University’s Tourism Study Department, Drs.
Sat, 05 Jan 2008
Indonesia looking at $5b in investment from Middle East
The government eyes up to US$5 billion in investment from the Middle East this year in financial services, natural resources, infrastructure, property and plantations.Alwi Shihab, special government envoy to the Middle East, said he was optimistic about the target with the country having secured...
Sat, 05 Jan 2008
Justice ministry vows to improve public services
Originally Posted By: KuKuKaChu"The directorate general has also simplified the authorization of legal status for companies," Andi said.oh yes. since when? Originally Posted By: KuKuKaChu"It usually takes more than 60 days for companies to obtain their licenses, but now it takes between...
Sat, 05 Jan 2008
Justice ministry vows to improve public services
The Jakarta Post, JakartaThe Ministry of Justice and Human Rights has claimed progress and achievements in 2007, but has pledged to improve and simplify its services for the public in 2008."Our directorate general of legal administration has reinstated the citizenship status and passports of 14,653...
Sat, 05 Jan 2008
Palembang to have compost plant soon
Palembang, S Sumatra (ANTARA News) - PT Organic Recovery Group Indonesia, a subsidiary of an Australian company, will soon build a compost plant in Palembang, capital of South Sumatra province, at a cost of US$1.5 billion.
Sat, 05 Jan 2008
Lampung earns $276 M from coffee exports
Bandarlampung (ANTARA News) - Lampung province`s coffee exports in the first eleven months of 2007 dropped in volume to 168.12 million kg but increased in value to US$276.48 million from the same period in 2006.Lampung earned US$264.87 million from exporting 230.
Fri, 04 Jan 2008
Kadin urges focus on labor-intensive industries
The government needs to place more focus on the development of labor-intensive manufacturing industries, and the agricultural and mining sectors in order to maintain sustainable growth and reduce the country's high unemployment, the Indonesian Chamber of Commerce and Industry said, The Jakarta Post...
Fri, 04 Jan 2008
Govt. may limit licenses for cellular operators to protect customers
The government may limit the number of licenses issued to cellular operators wanting to enter the telecommunications market, citing fierce competition in the industry that has led to "panic and excessive marketing efforts",The Jakarta Post reported Saturday (29/12/07).
Fri, 04 Jan 2008
Retail law would better regulate hypermart expansion
The government has passed a law designed to restrict store locations for retail chain operators including Carrefour SA and PT Matahari Putra Prima, Bloomberg reported Friday (28/12/07)."The outlet locations of modern and traditional retailers should be administered more properly,'' Trade Minister...
Fri, 04 Jan 2008
Manufacturing seen picking up in 2008
The manufacturing sector is expected to grow by 7.4% in 2008, helped by growing demand in the automotive and information technology sectors, an industry ministry official said on Thursday (27/12/07), Reuters reported.The government estimates manufacturing output will grow 6.
Fri, 04 Jan 2008
Indonesia is progressing: President
President Susilo Bambang Yudhoyono, launching a book of his articles and speeches at an opening of “the largest bookstore in South-East Asia” in Jakarta on Friday (28/12/07), called on his critics to admit that Indonesia was making progress in a number of areas, Kompas reported.
Fri, 04 Jan 2008
RI ranks 8th for Japanese investors
TOKYO (Antara): Indonesia's ranking has improved to eighth from ninth last year in the top ten countries for Japanese investors, a survey has revealed.An official at the Indonesian embassy in Tokyo, M. Abas Ridwan, said Friday the survey was conducted by the Japan Bank for International Cooperation...
Fri, 04 Jan 2008
RI to host UN conference on corruption
Jakarta (ANTARA News) - Indonesia will host the 2nd Conference of Parties to the United Nations Convention against Corruption (UNCAC) in Bali on January 28-February 1."President Susilo Bambang Yudhoyono is slated to open the conference," Director for Legal Affairs and International Agreement of the...
Fri, 04 Jan 2008
Aceh police ensure security for investors
Banda Aceh (ANTARA News) - Nanggroe Aceh Darussalam Police chief Inspector General Rismawan has said he would ensure security for investors who wanted to invest in the province."I will ensure the security and thus, the investors are welcomed because no criminal act will disturb them in Aceh,"...
Fri, 04 Jan 2008
Indonesia Becomes Royal Doulton's Production Center
Friday, 04 January, 2008 | 14:08 WIBTEMPO Interactive, Jakarta: The world ceramic company Royal Doulton will turn Indonesia into the center of its global production center. Through PT Doulton's subsidiary, the company will build a new factory this February with a capacity of 10 million pieces a...
Fri, 04 Jan 2008
Negative investment list revised for clarity
Originally Posted By: KuKuKaChuIn the capital ownerships category, the government also scrapped in the list business and management consultation services, in which foreign investment was previously limited to 49 percent -- now completely open, ...
Fri, 04 Jan 2008
Negative investment list revised for clarity
Andi Haswidi, The Jakarta Post, JakartaThe government revised its so-called negative investment list -- a list of business sectors, wholly or partly closed to investment -- last week, aiming to clarify rules and fair treatment within the business community.
Fri, 04 Jan 2008
Dairy industry fares well, but milk not enough
Emanuel Shahaf, JerusalemIt is no secret that the Indonesian dairy industry is seriously undersized for the nation's 240 million population permitting a milk consumption of only 7 liters/capita/year. In comparison, consumption in Europe is frequently above 200 liters, Singapore is 60 liters and...
Fri, 04 Jan 2008
Rupiah fate may hang on Indonesian inflation
Singapore (ANTARA News) - The rupiah was Asia's worst-performing currency in 2007 and may struggle again this year if a global slowdown cuts demand for Indonesia's exports, but a healthy economy and an end to official rate cuts may help.
Fri, 04 Jan 2008
Karimun to have container port
Karimun, Riau (ANTARA News) - Karimun District administration in Riau Islands province this year will soon build a container port on a 70-hectare plot of land which is only 25-minute sailing from Singapore and Malaysia.
Thu, 03 Jan 2008
Govt imposes restrictions on foreign retailing companies
no matter how many times I read stuff like this it still astounds me. The only people that suffer when restrictions are imposed is the Indonesian consumerOut of interest how does this effect the buyout of Alfa Mart?
Thu, 03 Jan 2008
Govt imposes restrictions on foreign retailing companies
Jakarta (ANTARA News/Asia Pulse) - A new presidential regulation imposes restrictions on foreign retailing companies allowing them to operate only in hypermarkets to protect Indonesia's local retailing industry.
Thu, 03 Jan 2008
Cooperation with industry players 'key to reaching tourism target'
The Jakarta Post, JakartaIn order to achieve a targeted seven million foreign tourists under this year's Visit Indonesia Year program, the government should intensify cooperations with players in the tourism industry and grab new potential markets, observers said.
Thu, 03 Jan 2008
Indonesia`s CPO exports in November down
Jakarta (ANTARA News) - The Central Bureau of Statistics (BPS) said that Indonesia`s CPO exports in November 2007 dropped drastically by 61 percent compared to that in October 2007."The drop in the CPO exports is caused by the grand harvest season in the September - October period, and probably...
Thu, 03 Jan 2008
Khazanah to merge Bank Niaga, Bank Lippo
Khazanah Nasional Berhad's decision to pursue the option to merge Bank Niaga and Bank Lippo was welcomed by economists who said the move could spark further banking sector mergers.The Malaysia-based Khazanah last week said it had opted for the merger to comply with the central bank's "single...
Thu, 03 Jan 2008
World economic slowdown to have minimum impact on Indonesia
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said the expected slowdown in the world economy`s growth in 2008 would have a minimum impact on Indonesia as its national economy was running on the right track with stronger fundamentals and the country was experienced in surviving global...
Thu, 03 Jan 2008
Govt optimistic mutual fund industry to recover this year
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indarwati has expressed optimism that the country`s mutual fund industry will grow at the same level as in 2004 or at a pre-crisis pace.Foreign confidence in the mutual fund industry in Indonesia was returning, she said here Wednesday.
Wed, 02 Jan 2008
Despite infrastructure, CBD still good property investment
Andhika Suryadharma, AnalystFor the average Indonesian, prices of land in the Jakarta CBD already seem sky-high. However, they are relatively cheap compared to other CBDs in the region, and there is potential yet to be unleashed.
Wed, 02 Jan 2008
Indonesia`s Jasa Marga to start work on three toll roads
Jakarta (ANTARA News/Asia Pulse) - State-owned Indonesian company PT Jasa Marga has set itself the target of starting the physical construction of three toll roads in Java in 2008, a spokesman said."Work on the 4 kilometre Sentul-Kedung Halang section of the Bogor Ring Road will begin in the first...
Wed, 02 Jan 2008
Market Zoning Cannot be Implemented
Wednesday, 02 January, 2008 | 14:56 WIBTEMPO Interactive, Jakarta: The zoning of modern and traditional markets in the regions is already regarded as being proper.The reason for this is that the presidential regulation on markets does not regulate every region with different typology.
Tue, 01 Jan 2008
Visitors Spending More, But Leaving Sooner
(12/29/2007) The authoritative Indonesian Digest prepared by Ibu Wuryastuti Sunario reports: The most recent 2007 Passenger Exit survey conducted among international visitors to Indonesia reveals that, on average, tourists spent US$ 57.89 more per stay this year than was the case in 2006.
Tue, 01 Jan 2008
Despite higher oil prices, economy makes soft landing
Despite the surge in oil prices and lower government spending, the Indonesian economy has managed to make a soft landing this year, with an improvement in most of the country's economic indicators.Finance Minister Sri Mulyani Indrawati said here Saturday that the economy in general had been...
Tue, 01 Jan 2008
Telco regulators need to keep up with changes
With its high population but low telephone penetration rate, Indonesia remains among the most lucrative telecommunications markets in the world.However, the lack of clear regulations has created confusion among operators and the public.
Tue, 01 Jan 2008
Indonesia finance ministry issues incentives to boost oil output
Jakarta (ANTARA News) - Indonesia's Finance Ministry announced new fiscal incentives on Saturday to boost the country's oil production, which is likely to be below thisyear's target.Indonesia is expected to produce 899,000 barrels per day this year, below the target of 950,000 bpd in the 2007...