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Fri, 29 Oct 2010
India to negotiate free trade agreements with Indonesia, Thailand soon
Indonesia News.NetIn a move that can change the dynamics of trade in East Asia and also throw a challenge to China's economic dominance in its own backyard, India is looking forward to negotiate comprehensive free trade agreements with Indonesia and Thailand.
Fri, 29 Oct 2010
Japanese Water Company to Invest in Makassar
Makassar:Kubotech, a Japanese water pipe manufacturing company, plans to invest in Makassar, said Makassar Mayor Ilham Arief Sirajuddin, following his visit to Japan to present the concept of maritime mitigation.“In the near future, Kubotech will invest in Makassar.
Thu, 28 Oct 2010
Tapping into China’s economy
The 27 joint-venture deals signed by Indonesian and Chinese businesspeople during President Susilo Bambang Yudhoyono’s visit to Shanghai on Monday are further evidence of the accelerating expansion of the countries’ economic ties, especially since the launch of the Indonesia-China strategic...
Thu, 28 Oct 2010
Indonesia Most Complicated Country:World Bank
VIVAnews - Indonesia compared to the BRIC countries (Brazil, Russia, India and China) is considered the most complicated by the World Bank according to the survey which shows that Indonesia's bureaucracy hits the level of 16.2 compared to those BRIC countries at 13.7.
Thu, 28 Oct 2010
Cargill Considers Joining Eco-Friendly Palm Oil Production Scheme
Agribusiness giant Cargill may become the first major palm oil buyer to invest in a carbon credit scheme that rewards nations like Indonesia for preserving forests, a key official said on Wednesday.The Reducing Emissions from Deforestation and Forest Degradation (REDD) proposal would provide a...
Thu, 28 Oct 2010
Fund Manager Levitt Puts His Faith, And Much of His Money, in Indonesia
Jakarta. Like many fund managers and analysts, Robert Levitt is bullish on Indonesia, so much so that he now has more money invested in the country than in China.With Indonesia’s economy heating up and access to Chinese markets getting difficult, Levitt, the internationally known founder of...
Wed, 27 Oct 2010
Record Car Sales Overtaking Stalled Road-Building Plans
Booming car sales are rightly touted as a sign of the strength of Indonesia’s economy and the emergence of a middle class with robust purchasing power. But Indonesia is selling cars faster than it is building roads, increasing gridlock in cities and doing no favors for its efforts to attract...
Wed, 27 Oct 2010
Thousands of SMEs Face Difficulties in Expanding Products
TEMPO Interactive, Yogyakarta:Around 51.95 percent pf 22.091 small, micro, and medium-scale businesses (SMEs) in many sectors in Yogyakarta have difficulties expanding their business.The main problem is the lack of marketing network.
Wed, 27 Oct 2010
President Launches Indonesia – China Business Forum
TEMPO Interactive, Shanghai:President Susilo Bambang Yudhoyono officially opened the Indonesia-China business forum yesterday afternoon. The forum involves a number if businessmen from both countries.At least 500 businessmen from Indonesia and China welcomed the President at China Hall, Pudong...
Tue, 26 Oct 2010
West Lombok Hoteliers Submit Complaint on Bad Infrastructure
TEMPO Interactive, Mataram:Tourism development in Sekotong, West Lombok, West Nusa Tenggara (NTT) has been hindered by the limited road infrastructure in the regency. Although Sekotong tourism has developed in the past 10 years, the existing roads are inadequate to support its activities.
Tue, 26 Oct 2010
RI, China sign cooperation agreement in energy, mining fields
Shanghai (ANTARA News) - Indonesia and China signed six cooperation agreements in the fields of mining and energy on Monday.The signing of the memorandum of understanding between Indonesian and Chinese businessmen in the fields was done during a business forum in Shanghai, witnessed by Indonesian...
Tue, 26 Oct 2010
Indonesia asks China to increase investment
Shanghai (ANTARA News) - Indonesia has asked China to continue increasing its investment in the country."We hope there will be more investments from China," Indonesian president Susilo Bambang Yudhoyono said when opening a business forum between Indonesian and Chinese businessmen here on...
Tue, 26 Oct 2010
Changes to Indonesian Business Laws
In this article, Kelvin Chia and Marlon Wui share on the latest changes to Indonesian Business Laws. A must read for all doing business in Indonesia.What are some of the latest changes to Indonesian Business Laws that Singaporean businesses need to take note of?Certain developments in the laws and...
Mon, 25 Oct 2010
Java, Indonesia: the sleeping giant
When the sorcerer arrived, things got stranger still. Until then, the dancers had been prancing like horses, playing out some beautiful atrocity. Now they tore off their armour and rolled on the ground, thrashing and licking the dirt.
Mon, 25 Oct 2010
Will Indonesia be the world’s fifth largest economy?
Since surviving from the recent global crisis, with economic growth rate at 4.5 percent in 2009, while many other countries suffered economic contraction, some economic observers have started projecting the emerging economic power of Indonesia.
Mon, 25 Oct 2010
Indonesian Infrastructure PPP Projects Delayed
Jakarta. The government is unlikely to tender five infrastructure projects worth $4.44 billion that were offered through a pilot public-private partnership program this year because a key regulation is not yet ready, an official said on Friday.
Mon, 25 Oct 2010
News Focus: Economic zones designed to improve locals` welfare
Jakarta (ANTARA News) - If successful, the government`s plan to divide the country`s economic development into economic zones and clusters will create jobs for members of the local community for mutual welfare.
Mon, 25 Oct 2010
Unemployed Bachelor Degree Holders Apprehensive: Muhaimin
Semarang, Central Java (ANTARA News) - The number of unemployed bachelor degree holders had reached an apprehensive level, Minister of Manpower and Transmigration Muhaimin Iskandar said here on Sunday."Many of our bachelor degree holders does not have sufficient skills to work in the field...
Mon, 25 Oct 2010
Jamsostek has 9.12 million active participants
Jakarta (ANTARA News) - The number of active participants of the workers social insurance company PT Jamsostek has up to September 2010 reached 9.12 million, an increase compared to last year`s 8 million, the company said a press release on Sunday.
Mon, 25 Oct 2010
Aceh govt not to shut down iron ore mining
Banda Aceh, Aceh (ANTARA News) - Aceh Governor Irwandi Yusuf said the local government will not shut down PT Lhong Setia Mining`s iron ore mining activities in Aceh Besar district following a report the company dumped mud into rice field.
Mon, 25 Oct 2010
Govt planning us$60 billion economic corridors
Bandarlampung, Lampung (ANTARA News) - The government is discussing a US$60 billion worth of economic corridor development plan which will divide the country`s economic development areas into economic zones and clusters beginning in 2011, Chief Economic Minister Hatta Rajasa said.
Sun, 24 Oct 2010
President to address business forum in Shanghai
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono will be the key speaker at a business forum attended by 300 leading Chinese and Indonesia businessmen in Shanghai, China next week.According to a press statement from the office of the president`s special assistant for international affairs...
Sun, 24 Oct 2010
Astra to expand into three other sectors
Jakarta (ANTARA News) - PT Astra International said the automotive industry would remain its backbone while implementing a plan to expand into three other sectors."We will not leave the automotive industry as it is our backbone," the company`s president director, Prijono Sugiarto, said...
Sun, 24 Oct 2010
Indonesia ready to rival Thailand as automotive production base
Jakarta (ANTARA News) - Indonesia is ready to rival Thailand as an automotive production base, the president director of PT Astra Internasional (ASI), Prijono Sugiarto, said here on Saturday."This year is the year of automotive for Indonesia as a number of supporting indicators grow...
Sun, 24 Oct 2010
Indonesia expecting more Chinese investment
Jakarta (ANTARA News) - Indonesia hopes investment from China will increase and more of its products can be sold in that country following President Susilo Bambang Yudhoyono`s upcoming meeting with Chinese businessmen.
Sun, 24 Oct 2010
Japan Invests in Cassava Cultivation
TEMPO Interactive, Garut: Japan Invests in Cassava CultivationGarut– A Japanese company, Nihon Yakuzen Food, through PT Java Energy will invest Rp 742,1 billion in cassava cultivation. Wahyudijaya, the Garut Investment Office chief, said the project that will be carried out on a 15.
Sat, 23 Oct 2010
‘Stop the Foolishness’ in Production Of Food and Energy: New Kadin Chief
Suryo Bambang Sulisto, the newly elected chairman of the Indonesian Chamber of Commerce and Industry (Kadin), sat down with Yanto Soegiarto to discuss his plan to help Indonesia compete with China and India, his longtime ties to controversial businessman and politician Aburizal Bakrie and the need...
Sat, 23 Oct 2010
Gorontalo to host World Maize Conference
Gorontalo (ANTARA News) - Gorontalo province is expected to host the World Maize Conference (WMC) in October 2011 where exporters and importers will discuss maize development and exchange expertise, Gorontalo Deputy Governor Tony Uloli said.
Sat, 23 Oct 2010
Dubai companies to invest in South Sumatra`s energy sector
London (ANTARA News) - Two Dubai companies, Salam Investments and Mas ClearSight Investment Bank, plan to invest in the energy sector in South Sumatra, an Indonesian official said."The two companies from Dubai are interested in investing in coal mining and power generation and prepared to sink...
Fri, 22 Oct 2010
Foreign Governments Eye Indonesia’s Geothermal Projects
TEMPO Interactive, Jakarta:A number of foreign countries have confirmed their intention to invest in geothermal resource sector in Indonesia. "We will push for this starting today until Christmas,” Murray McCully, the New Zealand Foreign Minister who has been in Indonesia since last Monday,...
Fri, 22 Oct 2010
The World Eyes South Sulawesi’s Economic Potentials
TEMPO Interactive, Makassar:The world is now eyeing South Sulawesi’s large economic potential. This was conveyed by Austrian Ambassador to Indonesia, Klaus Wolfer, at a meeting to discuss strategies in utilizing domestic potentials to support foreign politics, at the Golden Makassar Hotel,...
Fri, 22 Oct 2010
Jambi industries advised to replace fuel with coal
Jambi (ANTARA News) - To avoid being constrained by fuel scarcities or price hikes, industries in Jambi province should switch to alternative energy sources such as coal to run their factories, a local energy official said.
Fri, 22 Oct 2010
Leased office occupancy rate nears 90 % in Q3
Indonesia's stellar economic performance and strong growth in investment realization have helped boost the occupancy rate of offices in Greater Jakarta to 89.89 percent in the third quarter of this year.
Fri, 22 Oct 2010
Telkomvision launches prepaid TV
Telkomvision, a pay television operator in Indonesia, launched Thursday a prepaid TV in a bid to net more subscribers. The company has aimed at increasing subscription rate to 500,000 this year, up from 300,000 last year.
Fri, 22 Oct 2010
Indonesian Government Urged to Ensure PLN Support for Geothermal
Jakarta. The Indonesian Geothermal Association is pushing the government to demonstrate its commitment to renewable energy by forcing the state electricity utility to purchase geothermal energy to help spur investment in the lagging sector.
Fri, 22 Oct 2010
Seven Foreign Investors Interested in Indonesian Cocoa
TEMPO Interactive, Jakarta:Benny Wachjudi, the Industry Ministry’s Agro and Chemical director-general, said there were seven foreign investors interested in investing in the cocoa industry. They are ADM Cocoa from Singapore, Guanchong Cocoa from Malaysia, Olam International from Singapore,...
Thu, 21 Oct 2010
Indonesia
To say that Indonesia has outperformed would be an understatement. A thousand dollars invested in the MSCI Asia ex-Japan index ten years ago would be worth about $3,600 now, with dividends reinvested. The same sum invested in the Jakarta Composite would have grown to almost $13,000.
Thu, 21 Oct 2010
Tire Exports to Brazil Run Smoothly
TEMPO Interactive, Jakarta:National tire businessmen have not had problems in exporting heir products to Brazil. Tjutju Darmawan, the Indonesian Tire Companies Association secretary-general, said he has not received any report from his members concerning the Brazilian government’s import...
Thu, 21 Oct 2010
Chinese VP: Trade with Indonesia rising
Beijing (ANTARA News) - Chinese Vice President Xi Jingping said trade with Indonesia had continued to rise reaching US$26.7 billion in the January-August period of 2010."It has increased by 59 percent compared with the same period last year," he said here on Wednesday when receiving...
Thu, 21 Oct 2010
Vietnamese investors explore opportunities in Babel
Pangkalpinang, Bangka Belitung (ANTARA News) - Investors from Vietnam have explored a location in Bangka Selatan district in Bangka-Belitung (Babel) province to invest in the fisheries sector."The investors from Vietnam intended to invest in the fisheries sector and have visited Bangka Selatan...
Thu, 21 Oct 2010
Indonesia included in big three projector market
Jakarta (ANTARA News) - Indonesia is one of the big three projector market in Asia Pacific after China and India, a senior sales manager of PT NEC Indonesia said."This indicates the big chance for businesses to tap projector market in Indonesia," Ferry Faried Badjeber, senior sales...
Thu, 21 Oct 2010
BKPM to assign more staff at overseas offices
Jakarta (ANTARA News) - The Capital Investment Coordinating Agency (BKPM) will assign more staff at its overseas offices to ease their increasing workload in attracting investment, a spokesman said."We will strengthen the human resources at several of our overseas offices," BKPM Deputy...
Tue, 19 Oct 2010
US Billioner Warren Buffet Eyeing Indonesia
VIVAnews - A US investor, Warren Buffet, is willing to put in investment in Indonesia. Through Build Your Dreams Co Ltd Investor, a China-based manufacturer of batteries and electric cars, he will channel the investment.
Tue, 19 Oct 2010
Will Indonesia's planned land law speed up infrastructure?
JAKARTA Oct 18 (Reuters) - Indonesia plans to revamp its land law, which investors hope will speed up the acquisition of land to help build infrastructure ranging from roads to airports.Inadequate infrastructure is seen as a deterrent to attracting foreign direct investment to Southeast Asia's...
Tue, 19 Oct 2010
Which One to Invest in: Gold or CPO?
VIVAnews - The prices of crude palm oil and gold in the market are rising quite unexpectedly. Gold is now tagged at US$1,372 per troy ounce, a 30 percent increase within this year. "Analysts predicted that gold prices will be at US$1,450 per troy ounce until the end of 2010," said...
Tue, 19 Oct 2010
PLN Considers that Geothermal Electricity Price is too Expensive
TEMPO Interactive, Jakarta:The Managing Director of state-owned power firm PLN, Dahlan Iskan, said that they will have trouble using geothermal energy as electricity, because its domestic price of US$ 9.
Tue, 19 Oct 2010
Palu immigration hunting problematic Indian national
Palu, C Sulawesi (ANTARA News) - The Palu immigration office has launched a hunt for a problematic Indian national identified as Sunil Dut, a spokesman said.Yusus Sadu, head of the Local immigration detention center, said here on Tuesday there was information that Sunil Dut was hiding in Tojo...
Tue, 19 Oct 2010
Germany's Ferrostaal Aiming Oil Palm Industry
VIVAnews - Germany-based firm Ferrostaal AG will put in investment in the downstream sector of oil palm industry such as biodiesel and beta-carotene in Sei Mengkei, North Sumatra.Ferrostaal will joint with PT Perkebunan Nusantara III and PT Perkebunan Nusantara IV to develop agriculture-based...
Tue, 19 Oct 2010
Processing industry`s growth exceeds target
Jakarta (ANTARA News) - Indonesia`s non-oil/non-gas manufacturing industries grew 4.91 percent in the second quarter of this year, exceeding the government-set target of 4.65 percent, a deputy minister said.
Tue, 19 Oct 2010
Japan pledges to build economic zones in RI
Jakarta (ANTARA News) - Coordinating Economic Minister Hatta Rajasa said Japan had pledged to develop Indonesia`s special economic zones in several parts of the country at a cost of 52.9 billion US dollars.