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Tue, 31 Oct 2006
Growth too slow for comfort in Indonesia
JAKARTA - As Indonesian President Susilo Bambang Yudhoyono enters his third year in office, the world's most populous Muslim country is widely viewed simultaneously as one of the region's most stable democracies yet one of its most unpredictable economies.
Tue, 31 Oct 2006
Investors Hunting for SOE Shares
TEMPO Interactive, Jakarta: Shares of State-Owned Enterprises (SOEs) will become the focus of attention of market players this week.This is triggered by the government's plan to issue the blueprint of SOEs privatization as part of its policy package in the monetary sector, which will be released...
Tue, 31 Oct 2006
Doubts over Investment Growth Target
TEMPO Interactive, Jakarta: Sofjan Wanandi, Head of the Association of Indonesian Entrepreneurs, has said he doubts the government's investment growth target of 10.5 percent by the end of 2006.The Infrastructure Summit is considered of not being capable of boosting the investment target by around...
Tue, 31 Oct 2006
Pertamina Asks for Biosolar Materials Price Mechanism
TEMPO Interactive, Jakarta: PT Pertamina (Persero) is asking that the government re-examine the price mechanism of biosolar raw materials such as fatty acid methyl ester (FAME).The reason for this, according to Hanung Budya, Pertamina’s Deputy Director for Marketing and Trade, the price mechanism...
Mon, 30 Oct 2006
China, Indonesia sign MOU on energy cooperation
China and Indonesia signed a memorandum of understanding (MOU) here on Saturday concerning cooperation in the energy and mineral resources sectors.Chinese Vice Premier Huang Ju and visiting Indonesian President Susilo Bambang Yudhoyono attended the signing ceremony held at the second...
Sun, 29 Oct 2006
Off to China again, balancing act
President Susilo Bambang Yudhoyono (SBY) starts a five-day visit to China today, mainly to strengthen economic ties between the two countries, just weeks ahead of US president George Bush's visit to Jakarta and days after VP Jusuf Kalla visit US.Last year, both the president and VP visited China.
Sun, 29 Oct 2006
SBY promises to eliminate investment obstacles
Shanghai, China (ANTARA News) - Visiting Indonesian President Susilo Bambang Yudhoyono said he would eliminate major obstacles in every sector in Indonesia to ensure the entry of foreign investment into the country.
Sat, 28 Oct 2006
SBY visiting Shanghai to seek business opportunities
Manila (ANTARA News) - President Susilo Bambang Yudhoyono said he would make a working visit to Shanghai, China, not only to enhance bilateral relations but also to identify opportunities for Indonesian businessmen to benefit from China`s economic resurgence.
Fri, 27 Oct 2006
Minister says economy to grow faster in 3rd,4th Q
Finance Minister believes economy to grow faster in 3rd,4th quartersJakarta (ANTARA News) - Finance Minster Sri Mulyani said she believes the Indonesian economy will grow more rapidly in the third and fourth quarters of 2006 than in the two previous quarters as economic activities on the ground...
Tue, 24 Oct 2006
Foreign investment remains in doldrums
Foreign investment remains in doldrumsThe Jakarta Post, JakartaActual investment entering the country remains at an all-time low, with direct foreign investment up until the year's first nine months coming to nearly half of its level during the same period last year.
Sat, 21 Oct 2006
Taking the pulse two years into the SBY administration
Taking the pulse after two years into the SBY administrationKahlil Rowter, JakartaIt is that time of year again when report cards are being contemplated. And not just for school children but for the government of Susilo Bambang Yudhoyono.
Sat, 21 Oct 2006
Government Prepares Management Contracts
Government Prepares Management ContractsFriday, 20 October, 2006 | 12:48 WIBTEMPO Interactive, Jakarta: The government is preparing management contracts with the board of directors of state banks for the settlement of non-performing loans (NPL) at the banks.
Sat, 21 Oct 2006
Government to Help Fertilizer Factory
Government to Help Fertilizer FactoryFriday, 20 October, 2006 | 13:25 WIBTEMPO Interactive, Jakarta: The government is allocating a budget valued at US$111 million for the gas to coal conversion program on five state-owned fertilizer factories.
Sat, 21 Oct 2006
Agriculture ministry releases new cacao varities
Agriculture ministry releases new cacao varitiesJakarta (ANTARA News) - The Agriculture Ministry has released new cacao varieties which were developed jointly by its research and development institute and ACIAR, Australia`s agricultural research agency, an Indonesian official said.
Sat, 21 Oct 2006
Paper firm posing threat to Indonesian forest : WWF
Originally posted by: DilliMay I suggest we ban anyone who works for them from joining Jakchat!Just a thought! would be a good idea, except the ban list would be extraordinarily long ...
Sat, 21 Oct 2006
Paper firm posing threat to Indonesian forest : WWF
May I suggest we ban anyone who works for them from joining Jakchat!Just a thought!
Sat, 21 Oct 2006
Singapore ranked most globalized country
Originally posted by: patungThey forgot to mention Indonesia's position - 60th of 62. funny that ANTARA should miss that in their report ...
Sat, 21 Oct 2006
Singapore ranked most globalized country
They forgot to mention Indonesia's position - 60th of 62.
Sat, 21 Oct 2006
Singapore ranked most globalized country
Funny thing is that most Indonesian go there and they could be discipline, smart and follow the rule, I wish Singapore could take over Indonesia gov't too
Sat, 21 Oct 2006
Singapore ranked most globalized country
Singapore ranked most globalized countrySingapore (ANTARA News) - Singapore has been rated the world's most globalized country, according to the Globalization Index compiled by management consultancy AT Kearney and Foreign Policy magazine.
Sat, 21 Oct 2006
Paper firm posing threat to Indonesian forest : WWF
Paper firm posing threat to Indonesian forest : WWFJakarta (ANTARA News) - Asia Pulp and Paper, one of the world's largest paper companies, poses a threat to a massive peatland forest sheltering rare animals on Indonesia's Sumatra, conservation group WWF said Friday.
Sat, 21 Oct 2006
Govt to announce state firms to be privatized in 2007
Govt to announce names of state firms to be privatized in 2007Jakarta (ANTARA News) - The government will announce next month the names of state firms to be privatized in 2007, State Enterprises Minister Sugiharto said.
Fri, 20 Oct 2006
Aneka Tambang’s Factory Restarts Production
Aneka Tambang’s Factory Restarts ProductionThursday, 19 October, 2006 | 16:37 WIBTEMPO Interactive, Jakarta: The FeNi III factory that belongs to PT Aneka Tambang Tbk will start producing again in the end of November after suffering leaks.
Fri, 20 Oct 2006
Coal Supplier Tender for Power Plant Completed
Coal Supplier Tender for Power Plant CompletedThursday, 19 October, 2006 | 15:53 WIBTEMPO Interactive, Jakarta: The tender for suppliers of low quality coal for the 10,000 megawatt electricity project has netted five out of six companies that put in offers.
Fri, 20 Oct 2006
Decrease in Electronic Products Because of Smuggling
Decrease in Electronic Products Because of SmugglingThursday, 19 October, 2006 | 14:54 WIBTEMPO Interactive, Jakarta: The domestic electronic industry has cut production by 50 percent during 2006 on account of many smuggled electronic goods.
Fri, 20 Oct 2006
President urges new envoys to lure investors
President urges new envoys to lure investorsTony Hotland, The Jakarta Post, JakartaPresident Susilo Bambang Yudhoyono swore in 24 new Indonesian ambassadors Wednesday, urging them to do more in promoting the world's fourth most populous country as an investment destination.
Fri, 20 Oct 2006
Indocement sees sales volume to increase 4-5 pct
Indocement sees sales volume to increase 4-5 pct next yearJakarta (ANTARA News) - PT Indocement Tunggal Prakarsa, controlled by Germany's HeidelbergCement AG, said it expects its sales volume to grow 4-5 pct next year, after an estimated 2.5 pct rise this year.
Fri, 20 Oct 2006
Sampoerna and Phillip Morris in Strategic Alliance
Sampoerna and Phillip Morris in Strategic AllianceThursday, 19 October, 2006 | 11:53 WIBTEMPO Interactive, Jakarta: PT Hanjaya Mandala Sampoerna Tbk is to form a strategic alliance with PT Philip Morris Indonesia.
Fri, 20 Oct 2006
Customs Draft Bill Approved
Customs Draft Bill ApprovedThursday, 19 October, 2006 | 12:37 WIBTEMPO Interactive, Jakarta: The plenary meeting of the House of Representatives yesterday (10/18) approved the Draft Bill on Revisions to Law 10/1995 concerning Customs to be legalized as a law.
Fri, 20 Oct 2006
Bimantara's profit grows sharply on surge in broadcasting
Bimantara's profit grows sharply on surge in broadcasting businessAndi Haswidi, The Jakarta Post, JakartaPT Bimantara Citra booked a net profit of Rp 302.7 billion (about US$33 million), an increase of about 1,200 percent from the Rp 22.
Thu, 19 Oct 2006
Pertamina to provide free bio-diesel supply for Idul Fit
Pertamina to provide free bio-diesel supply for Idul FithriJakarta (ANTARA News) - As part of efforts to introduce bio-diesel, Indonesia`s state oil/gas company Pertamina will give free supply of 90,000 liters of bio-diesel to those serving Lebaran/Idul Fithri public transport.
Thu, 19 Oct 2006
Korean businessman to invest in US$300 mln resort projec
Korean businessman to invest in US$300 mln resort project in BintanBatam, Riau islands (ANTARA News) - A Korean businessman will invest in a resort amounting to US$300 million in Pulau Bintan, Na Hyeon Chui, director of Raja Wali Koresia said here Wednesday.
Thu, 19 Oct 2006
PGN to produce coal bed methane in cooperation with thre
PGN to produce coal bed methane in cooperation with three foreign partnersJakarta (ANTARA News) - State-owned gas company PGN will initiate cooperation with three foreign partners in the production of coal bed methane (CBM) in South Sumatra and Central Kalimantan.
Thu, 19 Oct 2006
Indonesia-Japan to sign MoU on import duty on agricultur
Indonesia-Japan to sign MoU on import duty on agricultural productsJakarta (ANTARA News) - The Indonesian government will sign a memorandum of understanding (MoU) with Japan shortly on the import duty on agricultural and plantation commodities in each of the two countries.
Thu, 19 Oct 2006
Enercoal resources obtains $200 million loan
Enercoal resources obtains $200 million loanJakarta (ANTARA News) - Enercoal Resources said on Wednesday it has obtained a US$200 million loan from the Credit Suisse`s branch in Singapore.The loan may increase but the rise would not be more than $100 million, Bumi Resources Finance Director Eddie J...
Thu, 19 Oct 2006
Indonesia free from IMF pressures
Indonesia free from IMF pressures after paying off its debtsJakarta (ANTARA News) - House Speaker Agung Laksono said that the House of Representatives (DPR) lauded the government`s step in paying off its debts to the International Monetary Fund (IMF) as it would politically and economically free...
Thu, 19 Oct 2006
National Team to Handle TNI’s Business
National Team to Handle TNI’s BusinessWednesday, 18 October, 2006 | 17:47 WIBTEMPO Interactive, Jakarta: In order to handle the businesses of the Indonesian Military (TNI), the government is establishing a National Team for TNI Business Transformation.
Thu, 19 Oct 2006
Indonesia pushes for geothermal renewal
Indonesia pushes for geothermal renewalBy ROBIN MCDOWELLASSOCIATED PRESS WRITER SALAK MOUNTAIN, Indonesia -- Indonesia, land of earthquakes and volcanos, is literally sitting on top of the solution for its energy needs: Vast reservoirs of hot water deep beneath the earth's crust can be harnessed to...
Thu, 19 Oct 2006
Bank Permata reshuffles management
Bank Permata reshuffles managementJakarta (ANTARA News) - PT Bank Permata, Indonesia's seventh largest bank by assets, has revamped its board of commissioners and directors after recent changes in the ownership structure, corporate secretary Imam Teguh Saptono said.
Thu, 19 Oct 2006
Japan's Inpex plans final test drilling at Indonesian ga
Japan's Inpex plans final test drilling at Indonesian gas fieldTokyo (ANTARA News) - Inpex Holdings Inc said it has decided to shortly launch a final test drilling at an offshore natural gas field in Indonesia to verify reserve levels and to determine whether to go ahead with commercial production...
Thu, 19 Oct 2006
Astra Argo Lestari 9 month-CPO sales 711,901 tons
Astra Argo Lestari 9 month-CPO sales 711,901 tonsJakarta (ANTARA News) - PT Astra Agro Lestari said its crude palm oil (CPO) sales volume rose 14.4 pct to 711,901 tons in the nine months to September from 622,396 tons the year before.The company said high grade "Super" CPO accounted for 59.
Thu, 19 Oct 2006
Indonesia's Jan-Sept FDI approvals $10.52 bln
Indonesia's Jan-Sept FDI approvals $10.52 blnJakarta (ANTARA News) - Approved foreign direct investment (FDI) in the nine months to September declined in value to 10.52 bln usd from 10.66 bln in the same period last year.
Thu, 19 Oct 2006
Indonesia September motorcycle sales rise to 494,111
Indonesia September motorcycle sales rise to 494,111Jakarta (ANTARA News) - Industry-wide motorcycle sales rose to 494,115 in September from 440,288 in August, according to a report compiled by the Indonesian Motorcycle Industry Association (AISI).
Thu, 19 Oct 2006
Indomobil upbeat on vehicle sales in 2007
Indomobil upbeat on vehicle sales in 2007 on easing interest ratesThe Jakarta Post, JakartaPT Indomobil Sukses International, the second largest automotive distributor and manufacturer in the country, says it is upbeat that the central bank's plan to further lower interest rates will help boost...
Thu, 19 Oct 2006
U.S. protests ban on fruit imports
U.S. protests ban on fruit importsThe Jakarta Post, JakartaThe U.S. government has lodged a protest with the Indonesian Agriculture Ministry for its decision to ban the importation of several types of fruit from the U.S.
Thu, 19 Oct 2006
Pro-business customs law on the cards for enactment
Pro-business customs law on the cards for enactmentUrip Hudiono, The Jakarta Post, JakartaExporters and importers may finally be seeing some light at the end of the tunnel as the House of Representatives appears set to approve amendments to the Customs Law that promise to cut bureaucracy and...
Wed, 18 Oct 2006
Pegadaian sees robust demand ahead of Idul Fitri celebrat
Pegadaian sees robust demand ahead of Idul Fitri celebrationThe Jakarta Post, JakartaState-owned pawn-shop operator Perum Pegadaian has set aside a total of Rp 500 billion (US$55 million), a rise of almost 70 percent from last year's Rp 300 billion, to prepare for rising demand ahead of Idul Fitri,...
Wed, 18 Oct 2006
Noodle giant to enter biofuel sector
Noodle giant to enter biofuel sectorAndi Haswidi, The Jakarta Post, JakartaThe world's biggest instant noodle maker, PT Indofood Sukses Makmur, plans to enter the biodiesel industry and, as part of the venture, to acquire 60 percent stakes worth Rp 125 billion (some US$13.
Wed, 18 Oct 2006
BI finds consumer confidence improving
BI finds consumer confidence improvingThe Jakarta Post, JakartaConsumer confidence rebounded slightly in September, the latest survey from the central bank shows, as more people said they expect rises in their incomes and better employment prospects.