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Fri, 08 Oct 2010
Japan, Korea eying tuna processing industry in Kulonprogo
Yogyakarta (ANTARA News) - Japan and South Korea are interested in setting up a tuna processing factory in Kulon Progo district, Yogyakarta."The two countries have sent their teams to explore the possibility of investing in a tuna processing factory in Kulon Progo district," Yogyakarta`s...
Fri, 08 Oct 2010
Indonesian gov't must manage heavy capital inflow well: economist
JAKARTA, Oct. 7 (Xinhua) -- The Indonesian government must manage recent heavy capital inflow to the country well, considering that parts of it are hot money that could fly away anytime, posing danger for economy, a bank executive told Xinhua in an exclusive interview on Thursday.
Fri, 08 Oct 2010
RI urged to enhance trade relations with Taiwan
Jakarta (ANTARA News) - Indonesia has been urged to maintain and even enhance economic and trade relations with Taiwan despite its ever stronger economic relations with the People`s Republic of China."We need to make a distinction between economic and political matters as the two (China and...
Fri, 08 Oct 2010
Govt to boost oil output to achieve target
Jakarta (ANTARA News) - The government will boost its oil production in an effort to meet the assumption as set in the 2010 revised budget at 965,000 barrels per day, a cabinet minister said.Minister of Energy and Mineral Resources Darwin Saleh said here on Thursday that his side would hold a...
Thu, 07 Oct 2010
Floods sink Indonesia’s drive for self-sufficiency
Indonesians are the world’s biggest rice-eaters, consuming 139kg per person per year. With the global commodity markets in turmoil, producing all that rice at home is a point of national pride.In fact, self-sufficiency in rice is a key policy priority - and that’s why such controversy has been...
Thu, 07 Oct 2010
Tidewater Signs Construction Contract with Drydocks World
NEW ORLEANS, Oct 06, 2010 (BUSINESS WIRE) -- Tidewater Inc. /quotes/comstock/13*!tdw/quotes/nls/tdw (TDW 44.00, -0.04, -0.09%) announced today that it has entered into a contract with Drydocks World for the construction of four 265-foot deepwater platform supply vessels at its shipyard in Batam,...
Thu, 07 Oct 2010
Yogyakarta Workers Reject Revision of Manpower Law
TEMPO Interactive, Yogyakarta:The government’s plan to revise the Law no. 13/ 2003 on Manpower raised protests from workers in Yogyakarta. The revision draft was judged to favor businessmen compared to the existing law.“The existing law does not satisfy workers or businessmen.
Thu, 07 Oct 2010
Govt to build commercial port in Pacitan
Pacitan, East Java (ANTARA News) - The government will build a commercial port in Pacitan district, East Java, Regional Development and Capital Investment spokesman Edy Junan Ahmadi said on Wednesday."The Detail Engineering Design (DED) has been made at Transportation Ministry and hopefully...
Wed, 06 Oct 2010
Want to Understand Indonesia’s Web Surge?
Want to Understand Indonesia’s Web Surge? Go Hereby Sarah LacyA few months ago I wrote about the nascent, juicy Web market in Indonesia. It’s Facebook’s second largest market, and a place that is causing surprising swells in traffic throughout the Web 2.0 world.
Wed, 06 Oct 2010
Indonesia, United States Discuss Trade and Investment
Washington - The United States and Indonesia concluded a two-day meeting in Indonesia on October 2 under the bilateral trade and investment framework agreement (TIFA), reviewing in detail the comprehensive agenda between the two countries.The 2007 expansion of the U.S.
Wed, 06 Oct 2010
National Car Program Offered to All Manufacturers
TEMPO Interactive, Jakarta:The government has confirmed that the low cost green car program is open to all car manufacturers as long as they meet the requirements. “This is not a national car like the old days because there are no more discrimination,” said Edy Putra Irawady, the Coordinating...
Wed, 06 Oct 2010
Certification Leads to Increase in Timber and Wood Exports
TEMPO Interactive, Jakarta:Certification on timber and wood products sold overseas can eliminate the national wood producers’ concerns about being labeled companies that damage the environment. The certification can even increase the volume and value of wood exports to European countries.
Wed, 06 Oct 2010
Govt approves 65 foreign investment proposals in Aceh
Banda Aceh, Aceh (ANTARA News) - The Investment Coordinating Board (BKPM) has since 2007 approved 65 foreign investment proposals worth US$1.908 billion in Aceh province.Meanwhile, between 2007 and 2009 the agency also endorsed 6 domestic investment proposals worth Rp840.
Wed, 06 Oct 2010
BI: RI economy to grow 6.5 pct next year
Jakarta (ANTARA News) - Bank Indonesia (the central bank/BI) has predicted the Indonesian economy will expand by a range of 6.0-6.5 percent next year on the back of improving global and domestic economy.
Tue, 05 Oct 2010
AFITA conference in Bogor on it application in agriculture
Bogor (ANTARA News) - Asian experts on the application of information technology in agriculture began a four-day meeting here Monday to discuss ways of speeding up the dissemination of information technology among Asian farmers.
Tue, 05 Oct 2010
Foreign tourist arrivals expected to exceed target
Jakarta (ANTARA News) - Minister of Culture and Tourism Jero Wacik said he was optimistic that the number of foreign tourists who visited Indonesia in 2010 would exceed the target of seven million."I am confident that the 7 million foreign tourist arrival target would be achieved or even...
Tue, 05 Oct 2010
Govt issues mineral, coal check prices
Jakarta (ANTARA News) - The government has issued an energy and mineral resources ministerial decisiion no 17 of 2010 on mineral and coal sales check prices."The regulation took effect September 23, 2010, must be followed by all mineral and coal producers," Mineral and Coal Director...
Tue, 05 Oct 2010
AFITA conference expected to encourage agribusiness
Bogor, West Java (ANTARA News) - The seventh international conference of the Asian Federation for Information Technology in Agriculture (AFITA) being held in Bogor, West Java, is expected to give a boost to the agribusiness sector, one of the meeting`s organIzers said.Prof. Dr.
Tue, 05 Oct 2010
Gov't urged to develop growth centers in E Indonesia
JAKARTA, Oct. 4 (Xinhua) -- The Indonesian government was urged to develop growth centers in the eastern part to fill economic gap with western and central ones, a press statement said here on Monday.Eastern Indonesia public figures, parliament and senate agreed that the economic gap pushed...
Tue, 05 Oct 2010
Indonesia Applies Highest Logistics Tariff
"In other countries, the percentage never reaches above five percent"VIVAnews - The costs for logistics in Indonesia are apparently higher compared to other countries. However, the efforts to reduce the amount have yet to be carried out by the government.
Mon, 04 Oct 2010
Manufacturers, importers ready for Indonesian language labeling
Manufacturer associations have expressed readiness for implementation of a trade minister regulation on mandatory Indonesian language labeling for non-food and medicine products, which came into effect on Oct. 1.
Mon, 04 Oct 2010
As Indonesia Matures, Taiwan Sees ‘Ideal’ Investment Hot Spot
Jakarta. Indonesia expects annual investment from Taiwan to double to $2 billion next year, primarily in the textiles, manufacturing and infrastructure sectors, the head of the national investment board said on Friday.
Mon, 04 Oct 2010
Taiwan Eyes Investing in Indonesia
TEMPO Interactive, Jakarta:The Taiwanese Economy Minister, Yen-Shiang Shih, has said that he feels Indonesia is one of the important investment destination countries in Southeast Asia.Indonesia was judged positive because it has a large domestic market, a low inflation rate, and it is rich in...
Mon, 04 Oct 2010
Indonesian Businessmen Very Optimistic
TEMPO Interactive, Jakarta:The result of a survey carried out by Hongkong and Shanghai Banking Corporation (HSBC) Trade Confidence Monitor during the second quarter of 2010 has showed that businessmen in Indonesia are very optimistic, and the index is even the third highest after India and United...
Mon, 04 Oct 2010
First Media to invest $75 mln in HDTV
Jakarta (ANTARA News) - PT First Media Tbk, publicly-listed Internet and pay-TV broadband access provider, said on Friday it has set aside US$75 million to develop high definition-based broadcast (HDTV).
Mon, 04 Oct 2010
RI`s imports down 3.21 pct in August
Jakarta (ANTARA News) - Indonesia`s imports in August fell 3.21 percent to US$12.22 billion from a month earlier, bringing imports in the first eight months of 2010 to US$87.78 billion, the Central Statistics Agency (BPS) said.
Mon, 04 Oct 2010
RI`s manufactured goods exports jump 34.7 pct
Jakarta (ANTARA News) - Indonesia`s manufactured goods exports in the first eight months of 2010 jumped 34.7 percent to US$61.4 billion from a year earlier on the global economic recovery, a minister said."The global economic recovery has raised demand for our manufactured goods.
Mon, 04 Oct 2010
Govt targets US$300 million in Trade Expo transactions
Jakarta (ANTARA News) - The government has set itself a target of US$300 million in the 25th Trade Expo Indonesia (TEI) transactions which will be held at the Jakarta International Expo in Kemayoran on October 13-17, 2010, a minister said.
Mon, 04 Oct 2010
Govt to continue protecting oil palm development
Govt to continue protecting oil palm developmentJakarta (ANTARA News) - The government will continue to protect sustainable oil palm plantations and crude palm oil (CPO) industry and support steps to increase exports and to develop various CPO down stream industrial programs, a vice minister said.
Fri, 01 Oct 2010
Investment climate and RI’s stagnant oil production
Amid declining oil production, a long-standing issue that the Indonesian government has not satisfactorily resolved is whether to continue to be tough against oil companies on the question of financial incentives or to be flexible.
Fri, 01 Oct 2010
Infrastructure Expenditure Must Be Doubled
VIVAnews - To achieve growth in the gross domestic products at seven percent by 2012, the Indonesian government must advance the capital expenditure twice as much as this year's budget.The government this year have just spent infrastructure expenditure by 3.5 percent of the GDP.
Fri, 01 Oct 2010
Thailand Eyes Indonesia’s Machinery Industry
TEMPO Interactive, Jakarta:Thailand Trade representative, Suthad Setboonsarng, said most of the 18 countries participating in the 2010 Indonesia-Thailand Business Forum and Business Networking Programs are engine producers.
Fri, 01 Oct 2010
Hyundai Interested in Building a Factory in Indonesia
TEMPO Interactive, Jakarta:Gita Wirjawan, the Investment Coordinating Board (BKPM) chairman, said Hyundai, the car producer from South Korea, had expressed its interest in building a car manufacturing factory in Indonesia.
Fri, 01 Oct 2010
Indonesia`s Jakarta Industrial Estate to build US$130 mln plant
Jakarta (ANTARA News/Asia Pulse) - PT Jakarta Industrial Estate Pulogadung (JIEP), said it would start building a 130-megawatt power plant for its own use this year.Agus Dwitarto, the president of the company, which is owned by the Jakarta city administration, said the US$130 million project will...
Fri, 01 Oct 2010
Chinese steel co Guo Feng ordered to move plant to Indonesia
Jakarta (ANTARA News/Asia Pulse) - China's state-owned steel company Guo Feng Iron and Steel plans to move its factory from Tangshan, China, to Indonesia with a total investment of US$1 billion, a government official said.
Fri, 01 Oct 2010
Indonesia on Verge of Becoming an Economic Power
Some economists say Indonesia is poised to become an emerging economic power similar to China and India. Economic growth slowed slightly during the worst of the global economic crisis, but now it is again expanding at a rate of over six percent a year, and Indonesia has the second-best performing...