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Fri, 28 Nov 2008
Aussie investors complain of fraud
Panca Nugraha, The Jakarta Post, MataramAn Australian couple who had intended to develop a resort in West Lombok, West Nusa Tenggara, have been allegedly cheated out of Rp 4.2 billion (approximately US$380,000) by a local real estate agent.
Fri, 28 Nov 2008
Six Australians Lost Rp12 Billion
TEMPO Interactive, Mataram: Four Australians who planned to invest in hotels in West Nusa Tenggara were deceived. They were to buy land in Sekotong, West Lombok Regency. Attorney Muhammad Taufik Budiman yesterday accompanied Paul Frederick Robson, Deborah Cynthia, Michael Edward Gadsby, Valerie Ann...
Fri, 28 Nov 2008
Global Crisis Affecting Bird Livestock
Thursday, 27 November, 2008 | 23:58 WIBTEMPO Interactive, Jakarta: The global crisis has started affecting bird livestock. Out of 100,000 tons of chicken in South Sumatera, only 50 percent is absorbed in the market.
Fri, 28 Nov 2008
Cabinet meeting to discuss regulation on food estates
Jakarta (ANTARA News) - A cabinet session scheduled for Thursday noon is to discuss a regulation on food estates to be established to support Indonesia`s food resilience."In the cabinet session at noon, there will be a report on this matter (regulation of food estates)," Bayu...
Fri, 28 Nov 2008
Tourism Ministry projects foreign tourists at 6.7 mln in 2009
Jakarta (ANTARA News) - The Ministry of Culture and Tourism has projected the number of foreign tourists to Indonesia in 2009 would increase by 6.2 percent, or 6.7 million.The statement was made by the Ministry`s marketing director general Sapta Nirwandar when disclosing the result of the 2009...
Wed, 26 Nov 2008
Govt may ban imports of used machinery
The government is planning to scrap permits for the import of secondhand machinery in a move aimed at supporting locally made machinery and to help save energy, an Industry Ministry senior official says.
Wed, 26 Nov 2008
Heavy equipment sales to drop
The credit squeeze will reduce heavy equipment sales by 40 percent next year, a business player says.The sales of heavy equipment will decrease to around 6,000 units in 2009 from 10,000 units this year, Gidion Hasan, director of finance at the heavy equipment company PT United Tractors told...
Wed, 26 Nov 2008
Domestic Investments Decline By 54 Percent
Tuesday, 25 November, 2008 | 18:39 WIBTEMPO Interactive, Surakarta:Domestic investments up to September 2008 has declined by 54 percent compared to last year. The government is urging public agencies providing services to investors to improve their performance.
Wed, 26 Nov 2008
Japan to Increase Investment in West Java
Wednesday, 26 November, 2008 | 01:06 WIBTEMPO Interactive, Bandung: Several of investors from Japan are committed to increase their investments in West Java.West Java Governor Ahmad Heryawan said that Japan was asking for confirmation about the setting up of a special economy zone in the province.
Wed, 26 Nov 2008
Indonesia tourism industry still waiting to rebound
Jakarta (ANTARA News) - Indonesia, a vast archipelago nation with the world's second-longest shoreline, has consistently underachieved in the tourism sector and 2008 is proving no exception."The global economic crisis has started to have an impact," said Sapta Nirwandar, director-general...
Wed, 26 Nov 2008
Indonesia gets tough with foreign drug companies
Originally Posted By: Polisi CepekAfter Bakrie, she must be the most embarrassing serving minister. Not content with excluding foreign doctors because they're too good and hence create unfair competition with clueless local specimens, she now wants to deny Indonesians decent drugs.
Wed, 26 Nov 2008
Palm Oil's Environmental Cost
As my recent traipsing about to several of the biggest palm oil expansion provinces has convinced me, this article is spot on. Except for the bit about NGOs just now spotting the RSPO as bullshit, they've been saying that for a couple of years.
Tue, 25 Nov 2008
Indonesia gets tough with foreign drug companies
After Bakrie, she must be the most embarrassing serving minister. Not content with excluding foreign doctors because they're too good and hence create unfair competition with clueless local specimens, she now wants to deny Indonesians decent drugs.
Tue, 25 Nov 2008
Indonesia gets tough with foreign drug companies
I wonder if there are any unique "drugs" in particular that Supari is targetting here.. she always has a separate agenda in her outbursts...
Tue, 25 Nov 2008
M`sian minister ascertaining Indonesia`s coal supply capability
Jakarta (ANTARA News) - Malaysia`s Energy Minister Shariman bin Abu Mansur is visiting Jakarta to make sure Indonesia can meet his country`s need for coal.Speaking to the press after meeting Indonesian Energy and Mineral Resources Minister Purnomo Yusgiantoro here Monday, Shariman said he was...
Tue, 25 Nov 2008
Special Tax Offices to Be Opened
TEMPO Interactive, Bukittinggi: The Tax Directorate General at the Finance Department is to open special service offices for high wealth individuals in Indonesia.The office is to maximize tax revenue from wealthy people.
Tue, 25 Nov 2008
Indonesia gets tough with foreign drug companies
Jakarta (ANTARA News) - Foreign drug companies can quit Indonesia if they do not like new rules requiring them to have local production facilities, Health Minister Siti Fadilah Supari said Monday.Rules introduced earlier this month are designed to encourage foreign companies to transfer...
Tue, 25 Nov 2008
Political Fight Threatens to Shred Rupiah
Market fears that Indonesia may impose capital controls to rescue the rupiah may prove to be a self-fulfilling prophecy, but only if the finance minister loses a power struggle with influential business leaders.
Mon, 24 Nov 2008
Global Crisis Starting To Affect Bali Tourism
Monday, 24 November, 2008 | 17:03 WIBTEMPO Interactive, Denpasar:The impact from the global financial crisis is starting to be felt by the tourism business in Bali. Hotel room cancellations for December have reached 20 percent, according to reports.
Mon, 24 Nov 2008
Tax income exceeds target: Director general
The Jakarta Post, Jakarta The tax office reported on Monday it was optimistic that this year's tax revenue would exceed the targeted amount, despite impacts of the global financial downturn.Finance Ministry taxation director general Darmin Nasution told journalists that this year his office had...
Mon, 24 Nov 2008
Sea Wave Powered Electricity Generating Plant Delayed
Monday, 24 November, 2008 | 13:51 WIBTEMPO Interactive, Mataram: The installation of a sea wave powered electricity generating plant in the waters of Tanjung Menangis, Pringgabaya sub-district, Lombok Timur Regency, in West Nusa Tenggara (NTB), will not be carried out this November.
Mon, 24 Nov 2008
Palm Oil's Environmental Cost
Despite endorsement by a tame certifier, Southeast Asia’s miracle oil faces troubleJust outside Danau Sentarum National Park, a large and diverse wetland area in West Kalimantan on the Indonesian side of Borneo, lumberjacks working for an Indonesia plantation company are busy felling trees and...
Mon, 24 Nov 2008
SBY Says Growth Forecasts May Be Revised Downward
Lima, Peru. Indonesia may revise its economic growth forecasts, as declining foreign investment and weakening demand for exports slows the country’s expansion, President Susilo Bambang Yudhoyono said over the weekend.
Mon, 24 Nov 2008
Govt optimistic tourist arrivals to reach 10 millions in 2009
Jakarta (ANTARA News) - The government said it is optimistic the number of foreign tourists visiting Indonesia next year will reach 10 million with foreign exchange earnings estimated at US$10 billion."We hope the condition will be getting more stable so that the tourism sector will contribute...
Sun, 23 Nov 2008
Bali News: Worse to Come?
Bali Hotel Association Reports Cancellations in Response to Global Financial Crisis.Bali News: Worse to Come?(11/21/2008) Kompas quotes the Executive Director of the Bali Hotel Association (BHA), Djinaldi Gosana, as confirming that the Island's hotels are beginning to report cancellations tied to...
Sun, 23 Nov 2008
Changes Urged to Permit Foreign Land Ownership
Government Now Scrutinizing Foreign Property Transactions.Bali News: Changes Urged to Permit Foreign Land Ownership(11/21/2008) The National Defense Agency (BPN) has formally asked the National Ministry for Housing and the Indonesian Real Estate Association (REI) to commence collecting information...
Sun, 23 Nov 2008
Bali News: Waiting for the Bump in the Road
Bali by the Numbers: Arrivals Remain Strong Through End of October as Island Waits for Fallout from World Economic Crisis.(11/21/2008) Bali's foreign tourist arrival numbers through the end of October have yet to show any ill effects from a much-feared coming drop in tourist arrivals precipitated...
Sun, 23 Nov 2008
Coal Growth to Slow on Low Demand
Indonesia’s coal production growth will slow as the global credit crisis hampers expansion plans by the world’s biggest exporter of the fuel, Fitch Ratings said.“Companies that have not secured long-term funding will likely have to cut back’’ on their spending, the ratings company said in...
Sun, 23 Nov 2008
RI coal mines attractive for buyout
Alfian, The Jakarta Post, Jakarta A drop in the share price of Indonesian coal companies is making the sector more attractive for potential acquisitions by foreign investors, a report from global rating agency Fitch Ratings says.
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
Originally Posted By: DilliPertamina corrupt? Well I never! Next thing you know I will be paying a different price for my petrol. Then how do you explain that 2009 S-Class MB siting in your garage Minister........
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
Pertamina corrupt? Well I never! Next thing you know I will be paying a different price for my petrol.
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
Originally Posted By: DilliOK, PLN is one company, what is the other one....? Originally Posted By: KuKuKaChuThe International Energy Agency recommended on Friday that Indonesia do away with fuel and electricity subsidies, arguing that they constrain investment, cause inefficiencies and impede the...
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
Purnomo Yusgiantoro, in the job for about eight years or so, is a corrupt dog who needs to pay for his crimes.
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
I believe it would be good if they did away with all corruption in those 2 companies or do I ask for too much.........
Sat, 22 Nov 2008
Corn Import Ban Slammed by Feed Firms
Poultry feed producers have objected to government plans to cease corn imports next year, saying they are concerned that domestic output may not cover their need for the commodity.Corn imports “cannot be stopped at all because we’re often running out of corn, mostly during the non-harvest...
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
The International Energy Agency recommended on Friday that Indonesia do away with fuel and electricity subsidies, arguing that they constrain investment, cause inefficiencies and impede the diversification of the energy sector.
Sat, 22 Nov 2008
Merpati's Flight of Fancy Ends in Crash Landing
The government has stepped in to try to renegotiate the terms of a $210 million aircraft-purchase deal between financially troubled state airline PT Merpati Nusantara Airlines and a Chinese aircraft maker in an attempt to head off a brewing dispute with the Chinese government over Merpati’s...
Fri, 21 Nov 2008
Energy Industry Pans BPMigas Banking Rule
Originally Posted By: DilliI think the big boys are more worried about the safety of their deposits....... pfft. why should they be worried? indonesian banks are as solid as 1997
Fri, 21 Nov 2008
Energy Industry Pans BPMigas Banking Rule
I think the big boys are more worried about the safety of their deposits.......
Fri, 21 Nov 2008
Energy Industry Pans BPMigas Banking Rule
A proposed regulation requiring both local and foreign oil and gas companies to use domestic commercial banks for deposits and transactions needs to be further studied before it can be introduced, industry players said on Thursday.
Thu, 20 Nov 2008
Investment in Domestic Mining May Fall 70% in 2009
Investment in Indonesia’s mining sector is expected to drop by 70 percent next year due to the global recession, according to a mining industry official.Priyo Pribadi Soemarno, executive director of the Indonesian Mining Association, said most mining companies would cut production and spending in...
Thu, 20 Nov 2008
Indonesia, Indian investors urged to work together facing crisis
Bandung, West Java (ANTARA News) - Indian investors and Indonesian businessmen are encouraged to make synergetic efforts to deal with the impact of the current global financial crisis."In principle, there is a need for Indian investors and West Java businessmen to make synergistic efforts to...
Thu, 20 Nov 2008
Indonesia economic and investment climate still promising
Jakarta (ANTARA News) - The government should continue to show to the international community that Indonesia`s economic conditions and investment climate are still promising despite the global economic crisis, a minister said.
Thu, 20 Nov 2008
Indonesia orders energy companies to bank locally
Jakarta (ANTARA News) - Oil and gas companies doing business in Indonesia must use local banks for their transactions from December onwards, a move to help the struggling rupiah, an official said Thursday.
Thu, 20 Nov 2008
US, Indonesia Link Up On Forest Carbon Credits
SINGAPORE - California and two other US states signed a pact late on Tuesday with Indonesia's Aceh province that could see forest carbon credits from Aceh accepted into US emissions trading schemes.The pact, the first of its kind, marks a major step in global acceptance of carbon credits derived...
Thu, 20 Nov 2008
Investors pick from Indonesia's best, worst regions
SEKAYU, Indonesia (Reuters) -- When Indonesia shifted power from the capital, Jakarta, to the regions, investors had to start dealing with a confusing constellation of districts, some business-friendly, others downright unwelcoming.