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Sat, 31 Oct 2009
Indonesia's Ministers Pledge New Focus On Removing Bottlenecks
Removing policy bottlenecks is key to boosting investment and stimulating economic growth, economics ministers said at the opening of the Indonesian Chamber of Commerce and Industry’s National Summit on Thursday.
Sat, 31 Oct 2009
How to Improve Indonesia? National Summit Counts the Ways
It took two days and more than 1,500 people to make a wish list for the next 100 days and five years of government.Those are the bald figures that describe the first-ever National Summit, which ended on Friday evening with promises from the administration that each of the hundreds of ideas put...
Sat, 31 Oct 2009
Buying Land for Infrastructure Not Easy: Public Works Official
Indonesians will have to wait at least three more years before they see the massive Trans Java Toll Road project fully operational, because only around 24 percent of the land for the 650 kilometers of road needed for the project has been freed up.
Sat, 31 Oct 2009
Indonesia Min: Legal Certainty Vital for Investment
JAKARTA -(Dow Jones)- Legal certainty is vital to Indonesia's goal of supporting economic growth by improving its investment climate, Finance Minister Sri Mulyani Indrawati told reporters Friday, following the controversial arrest of two of the corruption-ridden southeast Asian nation's top...
Sat, 31 Oct 2009
Furniture exports expected to fall 40%
Indonesia's furniture exports may plunge by about 40 percent by the end of 2009, the Indonesian Craft and Furniture Producers Association (Asmindo) said Friday.Asmindo chairman Ambar Tjahyono said the global economic crisis had drastically reduced overseas demand for furniture from Indonesia.
Sat, 31 Oct 2009
Regulation on Land Clearance to be Completed in 100 Days
TEMPO Interactive, Jakarta:To accelerate infrastructure development, the government will soon issue a government regulation to replace a law (Perpu) on land clearance. “I propose that be completed in 100 days,” said Industry Minister M.S. Hidayat at the National Summit yesterday.
Sat, 31 Oct 2009
Indonesia Needs Investment of Rp2.1 Trillion
President Susilo Bambang Yudhoyono has stated that Indonesia needs investment of Rp2.1 trillion per year to reach the 7percent economic growth target by 2014.The single source of capital has been always relying on the state budget while unfortunately it can only cover 10 to 15 percent of government...
Fri, 30 Oct 2009
Indonesia Should Coax Warungs Into Formal Economy, Says World Bank
Quoting: adelinawarung owners are rich people.
Fri, 30 Oct 2009
Indonesia Should Coax Warungs Into Formal Economy, Says World Bank
Another pearl from Mrs. Kurang Paham there.
Thu, 29 Oct 2009
Indonesia looked strongest in region by 2014
JAKARTA, Oct. 28 (Xinhua) -- Indonesia is estimated to become the strongest economy in Southeast Asia region in terms of U.S. dollars currency in the next five years, following China and India in greater Asia region, according to an IMF (International Monetary Fund) estimation data disclosed by UBS...
Thu, 29 Oct 2009
Indonesia Touts Tropical Sugar Beets As Cost-Effective Alternative to Cane
The Agriculture Ministry has launched a program aimed at widespread cultivation of tropical sugar beet as part of efforts to achieve self-sufficiency in sugar production and augment ethanol supplies, a senior ministry official said.
Thu, 29 Oct 2009
Indonesian Trade Expo Opens Doors to Overseas Buyers and Criticism
Kicking off a major annual trade expo in Jakarta on Wednesday, Trade Minister Mari Elka Pangestu said the event was expected to bring in export deals worth up to $230 million, compared with $217 million last year.
Thu, 29 Oct 2009
XL Hangs Up on Telecom Regulation Requiring Providers to Use Local Parts
PT Excelcomindo Pratama said on Wednesday that it would be unable to comply with a new regulation requiring mobile providers to use more locally made network equipment. The company said the domestic firms did not yet have the capacity to meet demand.On Oct.
Thu, 29 Oct 2009
Producers benefit from coal's tight supply and strong demand
The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic and export markets.Despite the delayed completion of the 10,000 megawatts (MW) coal-fired steam power plant (PLTU) program, we expect to see additional electricity capacity starting...
Thu, 29 Oct 2009
Miners told to spend on local service firms
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies in a bid to expand local capacity.The regulation is part of the enactment of the new mining law, M.
Thu, 29 Oct 2009
North Sumatra should have free trade zone: official
Batam (ANTARA News/Asia Pulse) - North Sumatra province deserves to have a free trade zone (FTZ) to support the local economy and the region`s development, a local official said.North Sumatra Communication and Information office head Eddy Syofian said the existence of a free trade zone in North...
Wed, 28 Oct 2009
Singapore to Invest More in Indonesia
The plan is related to the visit of 22 Singaporean delegations.VIVAnews – The Singaporean government may likely invest more in Indonesia as a result of the visit of 22 Singaporean delegations led by Low Sin Leng.
Wed, 28 Oct 2009
Singapore businessmen intend to increase business ties with Indonesia
JAKARTA, Oct. 28 (Xinhua) -- Singaporean businessmen intend to increase business ties with Indonesia in sectors of logistics, transportation, and property, Bisnis Indonesia daily quoted an official as saying on Wednesday. However, the intention is hampered by lack of domestic infrastructure.
Wed, 28 Oct 2009
Government to Increase Cooperation with Private Sector
TEMPO Interactive, Jakarta: The government is committed to increase cooperation with the private sectors in order to accelerate infrastructure development.It is reported that the previous government did not reach the maximum level of such cooperation.
Wed, 28 Oct 2009
Batam Builds Rp 800 Billion Toll Road
TEMPO Interactive, Batam:To ensure efficiency of traffic serving the free trade zone in Batam, the local government will build a 25 kilometer-long toll road. “The feasibility study is has been completed.
Wed, 28 Oct 2009
ADB to fund Lahendong IV geothermal
The Asian Development Bank (ADB) will finance the construction of the Lahendong IV geothermal power plant in Tomohon, North Sulawesi, to meet local power shortages.“We’ve agreed to provide a loan of US$40 million, which is 90 percent of the total constructioncost of the geothermal power plant.
Wed, 28 Oct 2009
Indonesia Should Coax Warungs Into Formal Economy, Says World Bank
Indonesia urgently needs to make it easier for companies to legally register if the millions of tiny businesses in the country are to develop properly, a senior World Bank official said on Tuesday.“The development of small businesses in Indonesia is critical because the number of people working...
Wed, 28 Oct 2009
Culture, Copyrights Not the Same Thing
Protests by legislators and ministers over the so-called theft of Indonesian culture have highlighted just how little the government knows about intellectual property. Should we be concerned? Yes. There are serious implications for the country’s economic future.
Wed, 28 Oct 2009
Palm oil planters, buyers and NGOs face off at roundtable
KUALA LUMPUR, Oct 27 (Reuters) - The palm oil industry confronts critics and consumers in a meeting next week in Malaysia as it looks to beef up green standards that already include commitments to preserve rainforests and wildlife.
Tue, 27 Oct 2009
Rajawali to expand plantation, eyes bourse
The investment company Rajawali Group is planning to expand its palm oil plantations to 250,000 hectares from 40,000 hectares in the next 5 years and will list its plantation firm on the Indonesia stock exchange (IDX) in 2011.
Tue, 27 Oct 2009
Investment in mining sector hampered by late regulations
Indonesia may have to wait for a potential massive inflow of new investment into the mining sectordue to delays in preparing the implementing regulations needed to make the revised mining laweffective.“The formulation of the implementing regulations involve various departments.
Tue, 27 Oct 2009
Big boys going open-source to cut costs
The wave of migration from propriety software to open-source applications is gaining momentum as big companies are jumping on the bandwagon to make cost efficiencies and avoid legal charges for piracy.The enthusiasm for "going open-source" was summed up at the 2009 Global Conference on...
Tue, 27 Oct 2009
Bali's Nusa Penida May Go Under
There are several endangered islands, which include Bangka and Belitung islands.VIVAnews – Climate change is threatening small islands across the world, including the Nusa Penida island in Indonesia, which will be drowned if the climate change mitigation scenario is not prepared any soon.
Tue, 27 Oct 2009
Indonesia's infrastructure projects
JAKARTA, Oct 27 (Reuters) - Indonesia's new presidential delivery unit will tackle stalled toll road, power plant, and mining projects in order to eliminate bottlenecks and speed up economic growth. Southeast Asia's biggest economy needs to spend billions of dollars on upgrading and expanding...
Tue, 27 Oct 2009
Indonesia says land acquisition stalls Binladin rice investment
JAKARTA, Oct 26 (Reuters) - The Saudi Binladin Group's $4.3 billion planned investment in Papua, east Indonesia, to develop rice fields has stalled because of problems acquiring land from local people, an agriculture ministry official said on Monday.
Tue, 27 Oct 2009
Indonesia Government Vows To Cut Time Needed To Start A Business
JAKARTA -(Dow Jones)- The Indonesian government is determined to cut the time needed to start a business in the country, a minister said Tuesday."Indonesia recognizes the importance of implementing administrative reforms to support private-sector development," said Minister of Justice and...
Tue, 27 Oct 2009
Mining Companies Say Govt Delay In Regulations Could Hurt Investment
Investment in the mining sector could suffer as the implementing regulations for the Mining Law passed in December are now likely to be delayed until March due to “technical problems,” a legislator said on Monday.
Tue, 27 Oct 2009
ASEAN free trade to commence on schedule: Mari
Indonesian Trade Minister Mari Elka Pangestu confirmed the ASEAN (Association of Southeast Asia Nations) free trade area (FTA) would start up on time with planned tariff cuts by January 2010.Speaking on the sidelines of the 15th ASEAN Summit here over the weekend, Mari said that the tariff...
Tue, 27 Oct 2009
New Waste Treatment Facilities Planned in Five Cities
TEMPO Interactive, Jakarta: The Public Works Department announced plans build public waste treatment facilities in five cities in indonesia worth around Rp1 trillion each, which will be supported by the Australian government.
Tue, 27 Oct 2009
Government to Switch Some Coal Power Plant Projects Into Geothermal
TEMPO Interactive, Jakarta: The Energy and Mineral Resources Departement revealed that the government is raising the portion of geothermal energy in the second phase of 10,000 megawatt power plant projects following instruction by President Susilo Bambang Yudhoyono last week, to reduce reliance on...
Tue, 27 Oct 2009
Banks need to be involved in revitalizing industries
Faisal Basri (ANTARA/Prasetyo Utomo/*)Jakarta (ANTARA News) - Banks need to be involved in the revitalization of industries because financing from the state budget alone is not enough, an economist said.
Tue, 27 Oct 2009
Banten concentrates on geothermal energy exploitation
Serang, Oct 25 (ANTARA) - The Banten provincial mining and energy agency is currently focusing on the exploitation of geothermal energy in Serang, Pandeglang, and Lebak regency.According to the result of a survey by the regional administration, the three regencies have the capacity to produce at...
Mon, 26 Oct 2009
ASEAN free trade to commence on schedule: Mari
Indonesian Trade Minister Mari Elka Pangestu confirmed the ASEAN (Association of Southeast Asia Nations) free trade area (FTA) would start up on time with planned tariff cuts by January 2010.Speaking on the sidelines of the 15th ASEAN Summit here over the weekend, Mari said that the tariff...
Mon, 26 Oct 2009
India has huge market for Indonesian palm oil: PM
Hua Hin, Thailand, Oct 25 : Prime Minister Manmohan Singh today said India was going to open its market to goods such as palm oil from Indonesia, as there was a huge and unsatisfied demand for vegetable oils in the country.
Mon, 26 Oct 2009
Beware of fake carbon brokers, says govt
The government has warned local authorities not to sign any agreements with fake carbon brokers who promise huge profits from carbon trading in the forestry sector.Wandojo Siswanto, an expert working with the Forestry Ministry, said carbon brokers were approaching regents or mayors directly, asking...
Mon, 26 Oct 2009
Govt preparing business summit
Jakarta (ANTARA News) - The government is preparing itself to hold a national business summit in late November in an effort to increase investment and economic growth.Chief Economic Minister Hatta Radjasa said that Vice President Boediono would lead the organization of the national business summit.
Sun, 25 Oct 2009
Indonesia's New Cabinet Lineup
Some pluses, some minuses disappoint reformers who expected moreIndonesian President Susilo Bambang Yudhoyono's new 37-member cabinet – if you include three state officials of cabinet rank – which was sworn in Wednesday can probably be viewed as a marginal upgrade from the one that left office...
Sat, 24 Oct 2009
Indonesia's new ministers elaborate programs
JAKARTA, Oct. 23 (Xinhua) -- Indonesia's ministers of the new cabinet inaugurated on Oct. 22 have elaborated their programs in their first 100 working days, local media reported on Friday. The Minister for Culture and Tourism Jero Wacik has set a target of cutting the "short visa on...
Sat, 24 Oct 2009
Pimco Says Indonesia May Win Investment Grade Rating
Oct. 23 (Bloomberg) -- Pacific Investment Management Co., which oversees $842 billion globally, said there is a “good chance” Indonesia will regain its investment grade debt rating in three to five years. Standard & Poor’s today raised the nation’s outlook to positive.
Sat, 24 Oct 2009
New team on economy vows to revive real sector
The new point man: Newly inaugurated Coordinating Minister for the Economy Hatta Radjasa (right) and Finance Minister Sri Mulyani Indrawati (left) chat with economic ministers (from second left) Trade Minister Mari Elka Pangestu, State Minister for National Development Planning Armida Alisjahbana,...
Sat, 24 Oct 2009
Darwin eyes private investment
The new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the realization of private investment in the sector through various programs andregulations.“Increasing production has been our concern and challenge.
Sat, 24 Oct 2009
Riau Islands to market BKK free-trade zone in Japan
The Riau Islands province administration has set up a representative office in Japan to market the Batam, Bintan and Karimun (BKK) free-trade zone.Hajime Kinoshita, former president director of PT National Panasonic Gobel Indonesia, has been appointed to lead the representative office in Osaka.
Sat, 24 Oct 2009
Thousands of Buyers Participate in Trade Expo
TEMPO Interactive, Jakarta:Around 90 percent of the preparations for the Trade Expo Indonesia (TEI) have been completed.“Physical and construction preparations are still being made. But it is 90 percent done,” said Hesti Indah Kresnarini, the National Export Development Agency chief, yesterday...
Sat, 24 Oct 2009
Yudhoyono Mulls Less Reliance on Coal
TEMPO Interactive, Jakarta: President Susilo Bambnag Yudhoyono reportedly has ordered the energy and mineral Resources Department to manage efforts to reduce energy reliance on coal in the first cabinet meeting of his last term in office.