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Fri, 23 Oct 2009
Indonesia's Kuntoro in line to head new reform unit
Quoting: biznewsIndonesia's Kuntoro in line to head new reform unit"He will be like a special staff for the president in order to help the president to accelerate development and reform," a source close to President Susilo Bambang Yudhoyono told Reuters.
Fri, 23 Oct 2009
Indonesia's Kuntoro in line to head new reform unit
JAKARTA (Reuters) - Kuntoro Mangkusubroto, a former Indonesian energy minister, is in line to head a new presidential unit which could speed up reform of the civil service and accelerate infrastructure projects, a minister said on Tuesday.
Fri, 23 Oct 2009
New Masters of the Indonesian Economy
Dian Ariffahmi, Teguh Prasetyo & Venissa TjahjonoThe appointment of MS Hidayat as industry minister has been welcomed by the Indonesian Employers Association (Apindo). The group is confident that Hidayat’s frequent anti-free trade stances would not seriously disrupt cooperation with the Trade...
Fri, 23 Oct 2009
Indonesia Minister: Removing Investment Obstacles A Priority
JAKARTA -(Dow Jones)- Indonesian's Coordinating Minister for the Economy Hatta Rajasa said Thursday that the removal of investment obstacles is a priority for the government in the next 100 days."I will give more attention on energy infrastructure in order to increase the country's electricity...
Fri, 23 Oct 2009
Market signals disappointment with new cabinet
The market has signaled disappointment with the cabinet lineup announced by President Susilo Bambang Yudhoyono on Wednesday night, according to analysts.The market may be somewhat disappointed that except for some key technocrats, cabinet posts may signal 'business as usual'," Citi analyst...
Fri, 23 Oct 2009
Gemalto Interested in Developing Chip Cards in Indonesia
TEMPO Interactive, Jakarta:Gemalto, a company dealing in digital security solutions, yesterday opened a centre for personalized sales in the Indonesian market, located in Pancoran, South Jakarta.The new facility is expected to support Gemalto in providing card production services to provide...
Fri, 23 Oct 2009
Economic ministers facing three challenges : observer
Jakarta (ANTARA News) - Indonesian economic ministers are facing at least three main challenges, according to economic observer Tony A Prasentyantono."The first is realizing infrastructure projects to promote efficiency and then curbing inflation and attracting investment," he said to...
Thu, 22 Oct 2009
President Yudhoyono announces new cabinet line-up
From http://www.nytimes.com/2009/10/22/world/asia/22iht-indo.html?_r=1&partner=rss&emc=rssNew Indonesian Cabinet Disappoints Reform-Minded AnalystsBy PETER GELLINGJAKARTA - President Susilo Bambang Yudhoyono of Indonesia on Wednesday began to unveil his revamped cabinet, a mix of...
Thu, 22 Oct 2009
President Yudhoyono announces new cabinet line-up
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono in Merdeka Palace on Wednesday night (Oct 21) announced the United Indonesia cabinet line-up for 2009-2014 term of office as follows:Names: Posts:1. Coordinating minister for political, legal and security affairs = Joko Suyanto2.
Thu, 22 Oct 2009
Germany and West Java In Talks Over Investments
TEMPO Interactive, Jakarta: West Java province offered investments deal in several sectors especially renewable energy, textile, and waste management to a group of German business persons, in a meeting on Wednesdayday in Bandung.
Wed, 21 Oct 2009
RI paves way for domestic carbon credit market
The forestry ministry is drafting a proposal to facilitate growth of a domestic voluntary carbon trading market, while regulated markets are demanding for local firms to administer and uncertain after 2012.
Wed, 21 Oct 2009
Yudhoyono dents Indonesia reform hopes
it appears so. something or someone got SBY by the balls mid year some time, and he's been steadily back-pedalling ever since.
Wed, 21 Oct 2009
Yudhoyono dents Indonesia reform hopes
Susilo Bambang Yudhoyono, the Indonesian president, has indicated he will appoint fewer technocrats to his new cabinet than expected as he prioritises consolidation of his parliamentary majority over implementation of investor-friendly reform.
Wed, 21 Oct 2009
India, Indonesia Set To Launch Talks For Free Trade Agreement
(RTTNews) - Following India-ASEAN Free Trade Agreement, India and Indonesia are set to begin talks for initiating trade in goods and services, reported the media.A Joint Study Group (JSG) that was set to explore the feasibility of a Comprehensive Economic Cooperation Agreement (CECA), recommended...
Wed, 21 Oct 2009
Singapore Moves to End Tax-Haven Accusations
Singapore. Singapore has passed a law tightening the screws on cross-border tax cheats and complying with stricter standards for world banking centers, the finance ministry said on Tuesday.The move is the latest measure by Southeast Asia’s financial capital, which denies being a haven for tax...
Wed, 21 Oct 2009
$10b needed for new power plants: PLN
State power firm PT Perusahaan Listrik Negara (PLN) and independent private power producers (IPPs) will need about US$10 billion for power plant construction in the second phase of the 10,000 megawatt (MW) power program.
Wed, 21 Oct 2009
Power crisis exacerbates in NTB, Lampung
Customers of state electricity company PT PLN in West Nusa Tenggara (NTB) and Lampung protested the frequent blackouts in their areas, claiming they had led to significant losses.Law practitioners and non-governmental group activists, naming themselves the NTB Power Users Advocating Coalition, on...
Wed, 21 Oct 2009
Dairy tariff cut will not hurt Indonesian producers: NZ minister
New Zealand Trade Minister Tim Groser assured Indonesian dairy producers on Tuesday that the elimination of import tariffs on dairy products from New Zealand to Indonesia under the ASEAN free trade framework would not affect local farmers.
Tue, 20 Oct 2009
Yudhoyono promises inclusive, high economic growth
what? not one word about the one thing that threatens the very foundations of the economy and social fabric?seems SBY is now going soft on corruption. don't expect much from him this next 5 years.
Tue, 20 Oct 2009
Yudhoyono promises inclusive, high economic growth
Newly inaugurated President Susilo Bambang Yudhoyono promised on Tuesday that he would pursue better shorter- and longer-term working programs to ensure high but inclusive economic growth.Speaking before the plenary meeting at the People's Consultative Assembly, Yudhoyono said that he had prepared...
Mon, 19 Oct 2009
Remittances from Saudi Arabia to Indonesian Workers Soaring
Riyadh. Remittances from Saudi Arabia’s estimated nine million foreign workers, including up to one million Indonesians, are rising as the kingdom recruits for its massive development plan, an economist said.Saudi Arabia said this year it wanted to recruit more skilled Indonesian workers. At $18.
Mon, 19 Oct 2009
Gita to take care of investment flows
Security firm Ancora Capital owner Gita Wirjawan says he is to take care of foreign and domestic investment to help alleviate poverty and unemployment in Indonesia."I have been given a mandate to manage matters related to capital inflows from overseas and investment in Indonesia," he said...
Mon, 19 Oct 2009
New tax law threatens sales, car sellers say
The newly passed law authorizing city and regional administrations to set vehicle tax rates on a progressive basis will cause car sales to drop in 2010, representatives of Daihatsu and Isuzu, both grouped under Astra International, said over the weekend.
Sun, 18 Oct 2009
Corruption Showdown in Indonesia
Indonesia's Corruption Eradication Commission appears to have wandered too close to the country's power centers, kicking off an ugly squabble in which a top police official is accusing anticorruption officials of abuse of power and bribery, and lawyers for the officials are accusing a top cop of...
Sun, 18 Oct 2009
Bali's Worsening Water Crisis
Hotels in Nusa Dua and Kuta Affected by Diminishing Water SuppliesA page-one story in the Bali Post on Thursday, October 15, 2009, has confirmed the worsening water crisis affecting the island. A number of hotels in Nusa Dua, Kuta and Seminyak are reported to be suffering critical water shortages...
Sun, 18 Oct 2009
Bali escapes tide of recession
UBUD, Bali - The island's ability to stand out from the crowd has for decades made Bali an acclaimed tourist destination. Its distinctive landscape of terraced rice fields on volcanic slopes leading to white sand beaches and renowned surf, epitomizes a tropical paradise.
Sun, 18 Oct 2009
UT expands business to barging sector
The Jakarta Post, Bandung As part of its business expansion, PT United Tractors (UT), a subsidiary of PT Astra International focusing on heavy machinery supplier, has developed its barging industry in Kalimantan through its subsidiary company PT Patria Maritime Lines.
Sat, 17 Oct 2009
Time needed for Indonesia environment law: official
JAKARTA, Oct 16 (Reuters) - Indonesia's tough new environment law, passed last month and aimed at any firm with an effect on the environment, may take as long as two years to implement, a senior government official said on Friday.
Sat, 17 Oct 2009
Indonesian Liquor Makers Yet to Toast New Distribution Regulation
A new Trade Ministry regulation issued on Friday will allow alcoholic-beverage makers to supply their products directly to retailers without having to go through distributors, a move that the government hopes will help reduce costs for producers.
Sat, 17 Oct 2009
Mining Regulation Generates Confusion in Indonesia
Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the work contractors were allowed to perform for mining concessionaires, saying it failed to clearly explain what contractors could and could not do.
Sat, 17 Oct 2009
Batam Needs Thousands of Workers
TEMPO Interactive, Batam: Companies in Batam need thousands of workers as the area including Batam, Bintan, and Karimun has been named as a free trade zone.Former Chairman of the Indonesian Employers Association (Apindo) for the Riau Islands, Abidin Hasibuan, said yesterday (15/10) that currently...
Fri, 16 Oct 2009
Investment up 400 percent under Yudhoyono
Under President Susilo Bambang Yudhoyono’s watch, the total capital expenditure of state firms reached Rp 128 trillion, nearly a 400 percent increase compared to the previous government leadership, and is expected to continue growing.
Fri, 16 Oct 2009
National oil management reforms imperative
There are at least three reasons why the structure of the national oil industry today requires reform by improving or substituting the 2001 Law on Oil and Gas.First, the application of this oil and gas law has proven to be highly unprofitable for the state.
Fri, 16 Oct 2009
Kadin wants postponement of RI-Australia FTA`s signing
Jakarta (ANTARA News) - The Indonesian Chamber of Commerce and Industry (Kadin) has asked the government to postpone the signing of a free trade agreement (FTA) with Australia until domestic industries were in a stronger bargaining position.
Fri, 16 Oct 2009
Businessmen demand Batam administration remove regulation on newcomers
The Riau branch of the Indonesian Employers Association (Apindo) has demanded the Batam administration remove a regulation limiting the number of newcomers claiming it will restrict the number of qualified workers needed on the island.
Fri, 16 Oct 2009
Fruit Growers Say Indonesia's New Rules Costly
Fruit growers say they are opposed to the Agriculture Ministry’s plan to introduce new rules next month to control the quality of fresh agricultural produce, arguing the move is unrealistic given current conditions in Indonesia’s agribusiness sector.
Thu, 15 Oct 2009
Offices set to spearhead rebound in property
A recovery in the fairly depressed property sector, which was hit this year by the global financial downturn, will be spearheaded by the office market next year, a survey by a property consultant shows.
Thu, 15 Oct 2009
Next govt faces plenty of homework
Economic ministers held their last meeting Wednesday and left plenty of homework for their successors, with unresolved problems ranging from boosting infrastructure, reform of the bureaucracy, to revitalizing the real sector.
Thu, 15 Oct 2009
That old song: Infrastructure
President-elect Susilo Bambang Yudhoyono’s decision to include basic infrastructure development as key programs of action for the first 100 days of his government is a strategic move given our huge infrastructure deficit.
Thu, 15 Oct 2009
Indonesia to Revise Oil, Gas Law in Light of Industry Changes
The House of Representatives (DPR) for the 2009 - 2014 term is planning to revise Law No. 22 / 2001 on Oil and Natural Gas because it is viewed to be no longer suitable in light of latest developments in the oil and gas industry.
Thu, 15 Oct 2009
Carrefour insists not monopoly despite KPPU ruling
French-based retail giant Carrefour has questioned the results of a Business Competition Supervisory Commission's (KPPU) study one month before the commission issues a verdict on the firm’s alleged monopolistic practices.
Thu, 15 Oct 2009
Opportunities to Start Supermarkets Still Open
– The opportunity for investors to launch new supermarkets in Surakarta is still open. “If they want to open supermarkets in the northern area, we can still grant them permits,” said Surakarta Mayor, Joko Widodo, yesterday.
Thu, 15 Oct 2009
Govt to limit coal exports to 150 million tons/year
Jakarta (ANTARA News) - The government plans to limit coal exports to 150 million tons per year in order to ensure fulfillment of increasing domestic demand, a minister said here on Wednesday.Energy and Mineral Resources Minister Purnomo Yusgiantoro said domestic need for coal following the...
Wed, 14 Oct 2009
Japan to strengthen ties with ASEAN, boost investment in Indonesia
JAKARTA, Oct. 13 (Xinhua) -- Japan would strengthen its relation with ASEAN and increase investment in Indonesia, Indonesian Foreign Minister Hassan Wirajuda quoted Japanese Foreign Minister Katsuya Okada as saying on Tuesday evening here.
Wed, 14 Oct 2009
Builders Say Cement Prices Slowing Construction
Abuilding industry association said soaring cement prices have been seriously hampering the progress of construction projects throughout the country.“The failure [by the government] to control cement prices is deplorable, as it affects small, mid-size and large-scale contractors,” said Ahmad...
Wed, 14 Oct 2009
Govt sets up new site for creative surfers
Creative industries need support to grow: MinisterThe country’s emerging creative industries need support from banking and non-banking institutions to flourish, Trade Minister Mari Elka Pangestu says.
Wed, 14 Oct 2009
Govt sets up new site for creative surfers
The government has launched a website aimed at creative industry players and others interested in meeting in the cyber world and gaining information about the industry.“We need a database to record all creative communities. Physical meetings [between them] already exist, which is good.
Wed, 14 Oct 2009
Bukit Asam and Railway Company Ink Deal
TEMPO Interactive, Jakarta:PT Bukit Asam yesterday signed a long-term coal transportation agreement with state-owned railway company PTKA. The agreement included additional transport capacity from 10 million tons to 20 million tons per year for Tanjung Enim South Sumatera - Tarahan, Lampung route,...
Wed, 14 Oct 2009
Government to Improve Sea Transportation Facilities
TEMPO Interactive, Jakarta:The government plans to improve sea transportation facilities in some areas to develop the potential of local economies. Optimizing inter-island system of distribution is expected to strengthen and sustain the national economy.