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Wed, 07 Oct 2009
Lady Luck helps Indonesia survive crisis: Economist
Indonesia has managed to cope with the deteriorating impacts of global economic crisis not because of the country’s strong economic structure, but rather due to "luck", economist Faisal Basri said Wednesday.
Wed, 07 Oct 2009
Unbalanced Oil and Gas Profit-Sharing
TEMPO Interactive, Sumenep:Energy and Mineral Resources Office chief in Sumenep, Madura, Mohammad Fadilah, estimated that despite the many foreign oil and gas companies operating in the area, the profit sharing formula for oil and gas revenues was not balanced.
Wed, 07 Oct 2009
Indonesia to Launch Investment Guide During Asia Pacific Week
TEMPO Interactive, Jakarta: Indonesian Embassy in Germany in cooperation with the National Investment Board will launch a guide book on investing in Indonesia during the Indonesian Business Day on October 12th, officials informed on Tuesday.
Wed, 07 Oct 2009
Indonesian Rupiah Reaches One-Year High as Foreign Investment Increases
The rupiah strengthened to its highest level in a year on Tuesday, as the country’s strong economic prospects and comparatively high interest rates boosted foreign investment.It rose 1.2 percent to 9,437 to the US dollar as of the stock market’s close and briefly touched 9,428, the highest...
Tue, 06 Oct 2009
Domestic Shipping Firms Ready for New Rules On Coal, Industry Group Says
The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station coal to be carried by Indonesian-flagged vessels from Jan. 1 next year.Around $4 billion has been invested in preparation for the change so far, said Indonesian National Ship Owners...
Tue, 06 Oct 2009
Advertising on digital and mobile media to boom: Research
Advertisers will soon shift a significant amount of their spending to digital and mobile media, threatening print and even TV media, a recent survey predicts.Global business consultancy Pricewaterhouse Coopers says that global advertising spending on the Internet and mobile media will increase...
Mon, 05 Oct 2009
GE sees Indonesia as regional locomotive assembly hub
General Electric is considering making Indonesia its assembly hub for locomotives for the Asia market, hoping to capitalize on the rising demand in the country and other countries in the region.CEO Jeffrey Immelt said last week that the assembly plant would be developed in cooperation with local...
Mon, 05 Oct 2009
Eyeing investment opportunities in Palu
Ruslan Sangadji, The Jakarta Post, Palu Palu, the capital of Central Sulawesi, which commemorated its 31st anniversary on Sept. 27, is still relatively young for a city. So much so, that it has had to set up various development programs not to be left behind other cities in Indonesia.
Mon, 05 Oct 2009
New Energy Minister Should be a Professional
TEMPO Interactive, Jakarta: The position of the Energy and Mineral Resources Minister in the future cabinet should be filled by a person understanding the weaknesses of oil, gas, and mining management systems.Therefore, this new minister should be able to take action to fix it.
Mon, 05 Oct 2009
Commerce Chamber Seeks Intervention to Accelerate Infrastructure Projects
The Indonesian Chamber of Commerce and Industry is urging the new government to issue an emergency regulation to address the slow pace and high cost of land acquisition for public infrastructure projects.
Mon, 05 Oct 2009
Number of Foreign Tourists Coming to Indonesia Plummets
TEMPO Interactive, Jakarta:The number of foreign tourists coming to Indonesia in August 2009 plummeted by 5,46 percent or 566.800 compared to those in August 2008. Compared to July 2009, the number of foreign tourists in August 2009 also went down by 4,49 percent.
Mon, 05 Oct 2009
Crackdown on Illegal Bali Hotels and Clubs Begins
Badung Officials Start Closing and Sealing of Illegal Hotels and Nightspots in Kuta and Legian Area of Bali.Community enforcement officers have finally begun to take decisive action against Badung regency accommodation and night entertainment venues who have failed to secure required licenses and...
Sun, 04 Oct 2009
Expecting more blackouts
it's news that it's *still* news, that nothing has changed.and jakarta post editorials are always like this. they are recycled frequently. saves thinking.
Sun, 04 Oct 2009
Yogyakarta to develop Batik-related tourism
Yogyakarta (ANTARA News) - The Yogyakarta municipal administration intends to develop batik-related tourism in 2010 now that UNESCO has declared it a world cultural heritage item."We want to develop batik-related tourism next year in which we will acquaint tourists with the batik-making...
Sun, 04 Oct 2009
Expecting more blackouts
As the country faces a severe power shortage, many customers of state-owned electricity firm PT PLN, especially outside Java, have been long familiar with frequent blackouts and have prepared to face the crisis as PLN cannot do much to help. And now Jakarta is eventually hit by the blackout threat.
Fri, 02 Oct 2009
Inflation accelerates, exports improve
Prices accelerated in September due to higher demand in the fasting month and Idul Fitri holiday, according to the Central Statistics Agency (BPS), prompting predictions that the central bank will maintain its benchmark rate.Also on Thursday, BPS announced that August’s exports had reached US$10.
Fri, 02 Oct 2009
Flipping Burgers: Bambang Turns Big Macs to ToniJack’s
Quoting: JGFlamboyant and controversial businessman Bambang Rachmadi is trying to turn around his recently troubled business fortunes by transforming his 13 former McDonald’s fast food outlets into a new food brand, “ToniJack’s Indonesia.
Fri, 02 Oct 2009
Flipping Burgers: Bambang Turns Big Macs to ToniJack’s
Flamboyant and controversial businessman Bambang Rachmadi is trying to turn around his recently troubled business fortunes by transforming his 13 former McDonald’s fast food outlets into a new food brand, “ToniJack’s Indonesia.
Fri, 02 Oct 2009
Indonesian Export Recovery Picking Up Pace
Exports rose 8.9 percent in August on a monthly basis, the Central Statistics Agency announced on Thursday, a result analysts said was further confirmation of a nascent economic recovery among the country’s major trading partners.The agency announced that exports in August rose to $10.
Thu, 01 Oct 2009
Japan Servo shuts down three plants in Batam
Batam (ANTARA News/Asia Pulse) - Japanese electronics company Japan Servo has shut down three of its seven plants in the industrialized island of Batam because of declining orders.Since early this year the company had slashed the number of its workers, Indonesian manpower office head Rudi...
Thu, 01 Oct 2009
Incoming Indonesian Government Urged to Untangle Business Regulations
The Indonesian Employers Association is urging the new government to harmonize central and local regulations in a bid to improve the business climate and encourage investment.The coordination of regulations across different levels of government is the top priority among 10 recommendations put forth...
Thu, 01 Oct 2009
Importers plead for end to customs `extortion'
The Association of Indonesian National Importers (Ginsi) has accused the Finance Ministry's Directorate General of Customs and Excise of years of abuse, and pleaded with the Supreme Audit Agency (BPK) to step in.
Thu, 01 Oct 2009
Corruption busters busted
This was really an anti-climax that will put off investors and disillusion most of the voters who re-elected President Susilo Bambang Yudhoyono last July.Under public-opinion pressures to meet the deadline, the House of Representatives rushed to approve the Corruption Court bill one day before the...
Thu, 01 Oct 2009
Dubai Drydocks World builds employee training centre
Riau Islands Governor Ismeth Abdullah inaugurated on Monday the Batam Training centre established by Dubai Drudocks World, Southeast Asia's biggest shipbuilder, which will train the company's current and prospective employees in an effort to improve their skills in shipbuilding, ship repair and...