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Tue, 19 Oct 2010
Seven foreign investors to build cocoa plants in RI
Jakarta (ANTARA News) - Seven foreign investors have expressed keen interest in building cocoa processing plants in Indonesia following the imposition of duties on cocoa exports as of April 1, 2010.The seven investors are ADM Cocoa and Olam International of Singapore, Guanchong Cocoa of Malaysia,...
Tue, 19 Oct 2010
Joint Malaysia-Indonesia Council proposed to fight threats against palm oil
Kuala Lumpur (ANTARA News/Bernama) - Malaysia and Indonesia should set a joint council based in Europe and the United States to fight negative perceptions and unfounded allegations made against the palm oil industry.The proposal came from former primary industries minister Tun Dr Lim Keng Yaik.
Tue, 19 Oct 2010
Indonesia’s Resource Firms Wary of Chinese Takeovers
China may have to settle for minority stakes and financing deals when it comes to mergers and acquisitions targets in Indonesia’s resources sector, given a reluctance of locals firms such as Bumi Resources to cede control of assets.
Mon, 18 Oct 2010
South Sulawesi govt to sue INCO
Manhora should get involved. She's the face of Southeast Sulawesi I believe.
Mon, 18 Oct 2010
India biggest contributor to N Sumatra`s forex earnings
Medan, North Sumatra (ANTARA News) - India has been the biggest contributor to North Sumatra`s foreign exchange earnings which in August this year totaled US$5.553 billion."From January to August, India`s contribution to North Sumatra`s foreign exchange earnings has reeched 15.
Mon, 18 Oct 2010
Bali`s export products remain competitive in global markets
Denpasar, Bali (ANTARA News) - Bali`s exports of different commodities to 83 countries are expected to remain competitive on the global market, head of the Bali provincial industry and trade office Gede Darmaja said here Saturday.
Mon, 18 Oct 2010
Bali earns us$125.6 million from light industry exports
Denpasar, Bali (ANTARA News) - Bali earned 125.6 million US dollars from its light industry exports in the first semester of this year, a 14.7 percent increase over the same period last year when the figure was 109 million US dollars, a local trade official said.
Mon, 18 Oct 2010
South Sulawesi govt to sue INCO
Kendari, SE Sulawesi (ANTARA News) - The Southeast Sulawesi provincial government is planning to file a lawsuit with the local court against nickel mining company PT Inco on the grounds it has harmed the local people`s interests.
Mon, 18 Oct 2010
Astra Agro plans to increase production capacity
Astra Agro plans to increase production capacityBandung, W Java (ANTARA News) - Publicly-listed oil palm plantation company PT Astra Agro Lestari Tbk plans to increase the production capacity of its crude palm oil processing plants this year to 1,125 tons/hour from 985 tons/hour previously.
Mon, 18 Oct 2010
Lack of security hampers foreign investors to operate in Aceh
Lhokseumawe, Aceh Province (ANTARA News) - Lack of security and the imposition of Islamic syariah law have hampered foreign investors in investing in the Aceh province, a local councilor has said."Of the lack of security and Islamic syariah law, the former is the one the foreign investors fear...
Sat, 16 Oct 2010
Indonesia gives official blessing to Canadian wheat
Indonesia, a major international buyer of Prairie wheat, has given Canadian grown crops its official blessing, eliminating the need for costly testing at Indonesian ports.The move gives Canada preferred status in a market worth more than $300 million a year to Prairie wheat farmers, and effectively...
Sat, 16 Oct 2010
Indonesia eases restrictions on Canada's agriculture imports
Indonesia has agreed to recognize Canada’s food quality-control system, federal agriculture Minister Gerry Ritz said Friday, meaning shipments of wheat and potatoes won’t have to undergo additional and costly testing when arriving at that country’s ports.
Sat, 16 Oct 2010
Japanese Firms Eye Energy, Infrastructure Projects Here
Jakarta. A number of Japanese companies are mulling investments in Indonesia, including energy and infrastructure projects, with cooperation from government officials in both countries.Japan and Indonesia will cooperate on developing power, port and road projects, according to government documents.
Sat, 16 Oct 2010
Indonesia offers investment opportunities to China
Jakarta (ANTARA News) - Indonesia is offering investment opportunities to Chinese investors to do business in natural wealth on the basis of mutual benefit, a deputy minister said."Indonesia has abundant natural resources, a huge market and positive economic growth, plenty of human resources...
Sat, 16 Oct 2010
Indonesia still dependent on overseas food supplies: observer
Yogyakarta (ANTARA News) - Indonesia still relies on several food supplies from abroad, an agricultural observer at Gajah Mada University (UGM), Prof Triwibowo Yuwono, said here on Friday.Since Indonesia still relies on overseas food supplies, he said, the country had yet to fully gain food...
Sat, 16 Oct 2010
RI inviting oil, gas investors from US
Jakarta (ANTARA News) - Indonesia is currently conducting a roadshow in Houston, the US, in an effort to invite US oil and gas companies to invest more in the country."Indonesia is asking US businesses especially oil and gas companies in the South to invest more in Indonesia," Indonesian...
Sat, 16 Oct 2010
PT Angkasa Pura to expand five airports
Jakarta (ANTARA News) - PT Angkasa Pura I plans to expand five airports in the country in the next two or three years with an investment reaching Rp4 trillion, its president director, Tomy Sutomo said here on Friday.
Sat, 16 Oct 2010
Indonesian Millioners Rely on Property
VIVAnews - Property assets have become the main source of Indonesian milioners to raise their wealth significantly.According to the "Credit Suisse Global Wealth Report", Indonesia is included one of the countries worldwide recording significant growth in millioners' wealth.
Sat, 16 Oct 2010
Colombia Interested in Indonesian Fashion Products
TEMPO Interactive, Jakarta:As many as 25 Colombian businessmen are studying the possibility of cooperating with young Indonesian retailers in the field of arts and craft and fashion. Albert Jahja, the Deputy Marketing Director of Mazee, said there will be 60 local brands producing accessories,...
Fri, 15 Oct 2010
Indonesian Labor Minister Vows to Bring End to Outsourcing
Jakarta. The minister of manpower on Thursday vowed to “eventually” abolish labor outsourcing, starting with restrictions on the scope of the practice.“I myself will issue a ministerial regulation to restrict outsourcing,” Muhaimin Iskandar said in Surabaya.
Fri, 15 Oct 2010
Japanese Firms Eye Energy, Infrastructure Projects Here
Jakarta. A number of Japanese companies are mulling investments in Indonesia, including energy and infrastructure projects, with cooperation from government officials in both countries.Japan and Indonesia will cooperate on developing power, port and road projects, according to government documents.
Fri, 15 Oct 2010
Indonesia ready to ratify OIC`s preferential trade arrangement
Jakarta (ANTARA News) - Indonesia is ready to ratify the Preferential Trade Arrangement (PTA) of the Organization of Islamic Countries (OIC), a trade ministry official said.The trade ministry`s director general of international trade cooperation, Gusmardi Bustami, said here on Thursday the...
Fri, 15 Oct 2010
Singapore Eyes Indonesian-Produced Electronic Spare Parts
TEMPO Interactive, Jakarta:Indonesian Trade Attaché in Singapore, Djunari, said Singapore will look at the electronic spare parts booth in the 2010 Trade Expo Indonesia which will take place in Jakarta.
Fri, 15 Oct 2010
PLN Urged to Buy Geothermal Electricity
TEMPO Interactive, Jakarta:The Indonesian Geothermal Association chairman, Surya Darma urged the government to instruct state-run electricity company PT PLN to buy geothermal electricity. The reason was that although the Energy and Mineral Resources Ministry Regulation no.
Thu, 14 Oct 2010
Patra Jasa attracts foreign investors
The plan of state oil and gas PT Pertamina to divest a stake in its subsidiary PT Patra Jasa has attracted many investors, including foreigners, a property consultancy said Wednesday.“Five foreign investors have called us to conduct some reviews of the divested stake in Patra Jasa,” Jones Lang...
Thu, 14 Oct 2010
Govt urged to continue fighting negative campaign on palmoil
Medan, North Sumatra (ANTARA News) - Indonesia needs to continue fighting the negative campaign on palmoil to maintain the price of crude palmoil which had increased to US$955 per metric ton, a palm oil producers` spokesman said.
Wed, 13 Oct 2010
Indonesia's Sept motorcycle sales rise 14 pct y/y
JAKARTA Oct 12 (Reuters) - Indonesia's motorcycle sales, an indicator of consumer demand in Southeast Asia's biggest economy, rose 14 percent from a year ago to 479,240 units in September, slower growth than seen earlier this year, industry data showed on Tuesday.
Wed, 13 Oct 2010
RI manufacturing industry grows by 4.3% in Q2
The Industry Ministry says that the country's manufacturing industry grew by 4.3 percent in the second quarter of the year compared to the same period last year, thanks to the steady performance of non-oil and gas manufacturing sector.Industry Minister M.S.
Wed, 13 Oct 2010
Other Indonesian Products in Danger
VIVAnews - Indonesia-based world's largest instant noodle manufacturer, Indofood Sukses Makmur, is under a spotlight after its famous product Indomie is alleged of containing hazardous materials. A national businessman, Rahmat Gobel, viewed that the product has been victimized from the global...
Wed, 13 Oct 2010
Indonesia's Indosat eyes $1.4 bln tower sale -sources
JAKARTA, Oct 12 (Reuters) - PT Indosat (ISAT.JK), Indonesia's No. 2 mobile phone provider, may sell up to 14,000 telecom towers worth about $1.4 billion in coming months, three sources with direct knowledge of the matter said on Tuesday.
Wed, 13 Oct 2010
Hankook to invest $1.2 bln in tyres in Indonesia
JAKARTA Oct 12 (Reuters) - South Korea's Hankook Tire (000240.KS) will invest $1.2 billion in the tyre industry in Indonesia, part of a wave of increasing Asian foreign direct investment in Southeast Asia's biggest economy.
Wed, 13 Oct 2010
C Sulawesi`s Tolo Bay to Become seaweed development center
Palu, Central Sulawesi (ANTARA News) - Central Sulawesi province will turn Tolo Bay into a seaweed development center, local maritime and fisheries office spokesman Hasanuddin Atjo said here on Tuesday.
Wed, 13 Oct 2010
Japan to develop six economic corridors in RI
Jakarta (ANTARA News) - Japan is expected to develop six economic corridors as part of its efforts to increase its investment in Indonesia, Chief Economic Minister Hatta Radjasa said.The minister said here on Tuesday that he would discuss with Japan its plan to develop the six economic corridors...
Tue, 12 Oct 2010
Lippo Karawaci Enjoys Surge in Profit as Residential Sales Drive Strong Growth
Jakarta. Lippo Karawaci, the nation’s biggest property company, projected 35 percent growth in net profit this year to Rp 524 billion ($58.69 million), following a healthy financial performance in the third quarter, it said on Monday.
Tue, 12 Oct 2010
RI, Turkey to double bilateral trade by 2013: minister
Jakarta (ANTARA News) - Indonesia and Turkey are to boost their bilateral trade and double its value in the next few years, Coordinating Minister for Economic Affairs Hatta Rajasa said.The value of Indonesia-Turkey trade was now recorded at two billion US dollars per year but it will be increased...
Tue, 12 Oct 2010
Seaweed processing plant needed in Southeast Sulawesi
Kendari (ANTARA News) - Southeast Sulawesi`s provincial government is planning to build a seaweed processing plant, local maritime and fisheries office spokesman Abdul Salam said on Monday."We are planning to build seaweed processing factory in a bid to step up regional revenue," Abdul...
Tue, 12 Oct 2010
Kendari`s maritime, fishery service managing Rp4.54 billion
Kendari, SE Sulawesi (ANTARA News) - The Maritime Affairs and Fisheries Service (DPK) of Kendari, Southeast Sulawesi, is managing a budget for 2010 amounting to Rp4.54 billion, the local DKP head said."This budget consisted of Rp2.3 billion from the special fund allocation (DAK), Rp717.
Tue, 12 Oct 2010
Gorontalo needs more infrastructure to attract investors
Gorontalo (ANTARA News) - The regional government of Gorontalo said that the lack of infrastructure facilities affected the realization of investment in the province, a regional government official said.
Mon, 11 Oct 2010
Entrepreneurs Ask Government for Tax Break
Jakarta. In order to boost the competitiveness of small and medium enterprises, the Indonesian Young Entrepreneurs Association has urged the government to waive the value-added tax for many SMEs with turnover up to Rp 2.5 billion ($280,000) annually.
Mon, 11 Oct 2010
Bangka Barat district to develop three tourism objects
Muntok, Babel (ANTARA News) - Bangka Barat district administration in Bangka-Belitung (Babel) province is currently developing three tourism objects in the area."With their appealing natural beauty, the three tourism objects namely Batu Rakit Beach, Menumbing rest house, and Dendang Hot Spring...
Mon, 11 Oct 2010
CPO-based industry wishes to expand European market
Jakarta (ANTARA News) - PT Megasurya, a CPO-based consumer goods industry, planned to expand the market in the European Union with an export growth of 30 percent.It made the pan following the obtainment of a Roundtable Sustainable Palm Oil (RSPO) certificate in July this year.
Mon, 11 Oct 2010
Vietnamese firm to invest in RI fishery sector
Hanoi (ANTARA News) - A Vietnamese company is conducting a feasibility study as part of efforts to invest in the fishery sector in the Indonesian province of Riau Islands, an envoy said."The company has contacted BKPM (Investment Coordinating Board) as part of its intention to invest in the...
Mon, 11 Oct 2010
India signs FTA with Indonesia
India has implemented a free trade pact with Indonesia that slashes import duties on thousands of products, like seafood, chemicals and apparel. This takes the FTA with the 10-nation Asean bloc a step further. In turn, Indonesia would also slash import duties on Indian goods.
Sun, 10 Oct 2010
Japan takes stake in Indonesia’s future
For decades, Indonesia enjoyed a simple economic relationship with Japan. The poor, resource-rich country exchanged oil, gas and other commodities for cash, while fuelling the advanced manufacturing sector of its wealthy Asian neighbour.
Sun, 10 Oct 2010
Reformists lose hope for Indonesia
JAKARTA - The vaunted Reformasi era of democratic change in Indonesia is coming to a dead end under President Susilo Bambang Yudhoyono's leadership, if his candidate for police chief is any indication, activists say.
Sat, 09 Oct 2010
RI becoming more attractive to international business
Jakarta (ANTARA News) - Indonesia is becoming more attractive to international business as its players increasingly trust this country`s stability and good prospects fuelled as they are by consistent year-on- year growth.
Sat, 09 Oct 2010
Lion Air builds US$40 M hangar in Manado
Jakarta (ANTARA News) - Indonesia`s largest private airline companies, Lion Air, is building a hangar complete with maintenance, repair and overhaul facilities worth US$40 million in Manado, North Sulawesi.
Sat, 09 Oct 2010
CPO-based industry wishes to expand European market
Jakarta (ANTARA News) - PT Megasurya, a CPO-based consumer goods industry, planned to expand the market in the European Union with an export growth of 30 percent.It made the pan following the obtainment of a Roundtable Sustainable Palm Oil (RSPO) certificate in July this year.
Fri, 08 Oct 2010
Aceh to intensify tourism promotion
Banda Aceh, Aceh Province (ANTARA News) - Aceh Province will intensify promotion of its tourist objects by launching Visit Banda Aceh Year 2011.Culture and Tourism Minister Jero Wacik is expected to launch Visit Banda Aceh Year 2011 on October 19, 2011, according to Reza Fahlevi, head of the Aceh...
Fri, 08 Oct 2010
Kadin supports East Java-West Australia sister province cooperation
Surabaya, East Java (ANTARA News) - East Java`s Indonesian Chamber of Commerce and Industry (Kadin) fully supports a "Sister Province" cooperation between East Java and Western Australia."The cooperation has a positive impact on both sides, especially the increase in East Java...