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Thu, 20 Nov 2008
More Protests Against Joint Regulation
Wednesday, 19 November, 2008 | 17:17 WIBTEMPO Interactive, Jakarta: Around one thousand workers in Banten province resonated protests against new regulation on workers pay on Wednesday by protesting at Banten Governor office.
Thu, 20 Nov 2008
Belgian crown prince to visit Indonesia
Jakarta (ANTARA News) - The Belgian crown prince Philippe will visit Indonesia from November 22 to 26 along with an investment and business delegation, foreign ministry spokesman Teuku Faizasyah told ANTARA here on Wednesday.
Wed, 19 Nov 2008
Candy, biscuits industries increase production
Candy and biscuits industries have increased production by 15% to meet demands from the Asian and European markets which had shifted from China due to dairy products tainted with melamine, Antara reported on Tuesday.
Wed, 19 Nov 2008
October domestic cement demand up 24.3%
Domestic cement consumption in October rose 24.3% to 3.11 million tons, industry data distributed by PT Semen Gresik showed on Thursday, Reuters reported.State-owned Semen Gresik, the country's largest cement maker, said its total sales in October, including exports, rose 8% to 1.45 million tons.
Wed, 19 Nov 2008
2008 palm oil output up sharply: Report
Indonesia's palm oil output in 2008 is likely to rise by 2.0 million tons from 2007 to 19.33 million, increasing the country's exports and stocks, Hamburg-based oilseeds analyst Oil World forecast on Tuesday, Reuters reported.Indonesian palm oil exports are likely to rise to 14.
Wed, 19 Nov 2008
New forex rule not capital control: BI
Bank Indonesia (BI) on Friday reiterated that it has no plan to resort to capital controls following its announcement limiting purchases of foreign currencies without underlying transactions, Dow Jones reported.
Wed, 19 Nov 2008
Growth may fall to 5%: Minister
Finance Minister Sri Mulyani Indrawati says Indonesia's economic growth may fall to as low as 5% next year, according to Bloomberg News. She also warned that Indonesia was at risk from global trends but hoped to stay out of an International Monetary Fund (IMF) emergency package.
Wed, 19 Nov 2008
Investors abandon 18,000 ha of land
Panca Nugraha, The Jakarta Post, Mataram For many years investors have been holding land use permits on 18,600 hectares of land on Lombok and Sumbawa Islands in West Nusa Tenggara without developing the property.
Wed, 19 Nov 2008
Minister defends expansion of oil palm plantations
Agriculture Minister Anton Apriyantono on Tuesday defended Indonesia’s drive to expand oil palm plantations, despite a demand by environmentalists for a moratorium on deforestation.Speaking in his keynote address at the opening of the sixth annual meeting of the Roundtable on Sustainable Palm Oil...
Wed, 19 Nov 2008
Investments in NTB Impeded by Licensing
Originally Posted By: biznewsIn order to accelerate the process, NTB administration has asked the central government to immediately issue a regulation on licensing to follow up on Law no. 25/2007 on Investments. the answer to licensing obstacles is more licensing?!
Wed, 19 Nov 2008
Investments in NTB Impeded by Licensing
Tuesday, 18 November, 2008 | 18:27 WIBTEMPO Interactive, Mataram:West Nusa Tenggara (NTB)Investments Agency's Promotion chief, Manggaukang Rabah, said not many investors have been attracted to his area because of licensing obstacles.
Wed, 19 Nov 2008
Toward a Better Law On Mineral Resources
Indonesia is one of the largest producers of mineral resources in the world. In tin, it comes in second after China, in coal it is third after Australia and South Africa, and the list goes on. Minerals and related products account for 19 percent of the county’s total exports.
Wed, 19 Nov 2008
Indonesia Considers Ban on Ore Exports
Indonesia, which holds the world’s single-biggest gold deposit and second-largest copper reserves, may ban exports of all ores in five years, forcing companies to sell processed products that fetch higher profits.
Wed, 19 Nov 2008
Poultry Producers Crowing Over Plump Profits
Two local poultry producers, PT Charoen Pokhpand Indonesia Tbk and PT Japfa Comfeed Indonesia Tbk, posted strong net profits in the first nine months of the year on the back of robust sales and higher prices for feed.
Wed, 19 Nov 2008
Batam Businesses Decry Power Rates Rise
Companies in Batam, Riau Islands Province, are protesting an electricity rate increase that one industry official says will cause 100,000 layoffs next year.Abdullah Gosse, the deputy chairman of investment and trade at the provincial chamber of commerce, said on Tuesday that the increase was...
Tue, 18 Nov 2008
World tourism growth predicted to decline
This worldwide crisis is going to last to the late 3rd or 4th quarter of 2009 and possibly go in to the 1 or 2nd quarter of 2010. As for people traveling overseas on holiday and spending real money (in large quantities) Indonesia better be ready to see alot less expats and alot more Asians........
Tue, 18 Nov 2008
World tourism growth predicted to decline
Originally Posted By: biznews"Because the global financial crisis is predicted to continue until 2009, the UN-WTO predicted the global tourism growth rate reach only 0 to 2 percent," an expert staff member of the Cultural and Tourism Ministry, Thamrin B Bachri, said by phone on Monday.
Tue, 18 Nov 2008
Asian-African countries committed to using open source software
see also http://www.aagos.ristek.go.id/but forget about registering to attend. it's already closed.
Tue, 18 Nov 2008
Asian-African countries committed to using open source software
Jakarta, (ANTARA News) - Indonesia and other countries in Asia and Africa are determined to strengthen their commitment to using Open Source (OS) software instead of licensed software which was mostly being monopolized by big companies, a research and technology official said.
Tue, 18 Nov 2008
VP says now right time to invest in infrastructure sector
Jakarta (ANTARA News) - Vice President Jusuf Kalla said now was the right time for the government as well as private enterprises to invest in the infrastructure sector as the prices of commodities were down.
Tue, 18 Nov 2008
Palm Oil Futures Continue To Plunge
Singapore. Palm oil futures dropped for a fifth day straight on Monday on concerns that a global recession will cut demand and add to an oversupply that’s driven Malaysian stockpiles to a record.Inventories gained to 2.09 million tons in October, the Malaysian Palm Oil Board said last week.
Tue, 18 Nov 2008
World tourism growth predicted to decline
Jakarta (ANTARA News) - The United Nations World Tourism Organizations (UN-WTO) has predicted that global tourism growth will decline."Because the global financial crisis is predicted to continue until 2009, the UN-WTO predicted the global tourism growth rate reach only 0 to 2 percent,"...
Tue, 18 Nov 2008
Economic growth slowest in 6 quarters
Aditya Suharmoko, The Jakarta Post, Jakarta Indonesia’s third quarter economy grew at the slowest speed in six quarters as slumping commodity prices cut export revenues and the global economic slowdown reduced demand for Indonesian products.
Sat, 15 Nov 2008
A Scenario to Cope With Palm Oil Crisis
Friday, 14 November, 2008 | 21:10 WIBTEMPO Interactive, Palembang:The South Sumatra administration has prepared three scenarios to rescue palm oil and rubber farmers devastated by the impact of the global economic crisis.
Fri, 14 Nov 2008
Plantations struggle as CPO prices in free fall
Manggi Habir, The Jakarta Post, JakartaPlantation companies are one of the first to suffer from the deepening global downturn. And, as the year end nears, it is plantations with scale of production, the right mix of tree maturity and a conservative balance sheet (low debt and high cash levels),...
Fri, 14 Nov 2008
Slowdown jolts RI's commodity-heavy economy
The Indonesian economy has been generating lucrative profits from the soaring prices of agricultural commodities during the last two years. Following increasing dependency on this business, the recent slump in commodity prices has severely impacted on the economy.
Fri, 14 Nov 2008
Container handling fee revoked after protest
After a fierce protest from shipping companies, the Ministry of Transportation temporarily revoked Thursday a new set of Terminal Handling Charge (THC) fees and returned to the old chargesOn Nov. 1, the ministry set new THC fees -- the charges exporters or importers have to pay to shipping...
Thu, 13 Nov 2008
Luxembourg Looks at Investing In Indonesia
Could it be some old family money coming home?
Thu, 13 Nov 2008
In crisis, businessmen asks for economic stimulus
Jakarta (ANTARA News) - Indonesian businessmen have asked the government to give them an economic stimulus to deal with the current economic crisis until 2009.The chairman of the Indonesian Chamber of Commerce and Industry (Kadin), MS Hidayat, said after a meeting between businessmen and bankers...
Thu, 13 Nov 2008
10 years later, RI's legal reform yet to be fulfilled
Frans H. Winarta, Jakarta Reform means the reconstruction of an order. When pertaining to law, legal reform means the reconstruction of the law, such that the law can be applied in accordance with the demands of reformation, and can follow the development and needs of the public according to the...
Thu, 13 Nov 2008
Bureaucratic reform has 'failed'
A decade of bureaucratic reform and new more stringent laws have not helped curb corruption in courts or improved the country's appeal to foreign investors, a discussion heard in Jakarta on Tuesday.Constitutional Court chief Moh.
Thu, 13 Nov 2008
Luxembourg Looks at Investing In Indonesia
Wednesday, 12 November, 2008 | 21:41 WIBTEMPO Interactive, Jakarta:Luxembourg’s Economy and Foreign Trade Minister Jeannot Krecke said the country is looking at the possibility of investing in and cooperating with industries in Indonesia.
Wed, 12 Nov 2008
RI, Dutch business makers encouraged to increase partnership
Jakarta (ANTARA News) - Dutch Economic Affairs Minister Maria van der Hoeven has encouraged Indonesian and Dutch business makers to step up business contacts and partnership among them, although global economic development was at its slow pace.
Wed, 12 Nov 2008
Pertamina starts supplying biodiesel to industries
Jakarta (ANTARA News) - State-owned gas and oil company Pertamina is to start supplying biodiesel to 28 industrial consumers in Jakarta, Banten and West Java, here Tuesday, a Pertamina executive said.The operation would constitute the first phase of a plan to supply biodiesel to 436 industrial...
Tue, 11 Nov 2008
Greenpeace Says Blocks Palm Oil Ships In Indonesia
INDONESIA: November 11, 2008JAKARTA - Greenpeace has blocked three tankers due to transport crude palm oil to China and Europe from leaving an Indonesian port in a bid to highlight deforestation caused by the cash crop, the environmental group said on Monday.
Tue, 11 Nov 2008
Global recession overshadows property market
Indonesia's property sector is already feeling the pinch from the global economic downturn as demand is slowing at a time when interest rate adjustments have become a necessity for developers to keep business going, a property consultant says.
Tue, 11 Nov 2008
Bali tourism fully recovers ... so what?
Hyginus Hardoyo, Denpasar Concerted efforts designed to revive Bali's tourism industry, which had been devastated by two violent bomb attacks on the resort island in 2002 and 2005, have born fruit.The tourism industry in Bali -- an island which is known by many names, including the island of Gods,...
Tue, 11 Nov 2008
Tighter times forecast for luxury market
Mustaqim Adamrah & Olivia Dameria, The Jakarta Post, Jakarta Being single and fairly loaded won't be a guarantee that a big-spender like Jamie, an executive for a foreign-based financial giant in Jakarta, will be able to easily spend away his Rp 80 million (US$7,200) monthly income next year on...
Tue, 11 Nov 2008
Businesses Reluctant To Invest in The Thousand Islands
Monday, 10 November, 2008 | 18:47 WIBTEMPO Interactive, Jakarta:The lack of adequate infrastructure and facilities for maritime tourism in the Thousand Islands is the reason why businesspeople are reluctant to invest in the area.
Tue, 11 Nov 2008
Dutch companies seek cooperation in sustainable energy
Jakarta (ANTARA News) - Dutch businessmen are seeking to cooperate in renewable and sustainable energy development particularly biodiesel, geothermal energy as well as water management, visiting Dutch minister of economy, Maria van der Houven, said here on Monday.
Tue, 11 Nov 2008
Central Bank: Indonesia`s economy to grow five percent
Jakarta (ANTARA News) - Bank Indonesia deputy governor Hartadi A Sarwono said here on Monday the country`s economic growth was expected to reach around five percent or below 6.1 to 6.2 percent predicted in 2008."The growth of around five percent is very good because it can be 5.3 to 5.
Mon, 10 Nov 2008
Oil Palm Farmers Can No Longer Afford Fertilizer
Monday, 10 November, 2008 | 14:46 WIBTEMPO Interactive, Jambi: Oil palm farmers in Jambi cannot afford to buy fertilizer anymore due to the drop in oil palm prices and the rise in fertilizer prices.“We are having a hard time,” Amirullah, 46, a farmer from Mundungdarat village, Muarosebo...
Mon, 10 Nov 2008
Trade minister to meet Australian businessmen in Melbourne
Originally Posted By: MarmaladeTens of? What, 40, 50?Surely 20 is a score? Tens of businessmen. 20 is indeed a score. Indonesians tend not to use the words "dozens" or "a score"; instead, they say "berpuluh-puluh" or "tens of", or "dua-puluhan" or...
Mon, 10 Nov 2008
Trade minister to meet Australian businessmen in Melbourne
Originally Posted By: KuKuKaChuTrade minister to meet Australian businessmen in MelbourneBrisbane (ANTARA News) - Trade Minister Mari Elka Pangestu will speak on the latest developments of the trade sector in Indonesia and the Indonesian trade policy in a planned meeting with tens of Australian...
Mon, 10 Nov 2008
Trade minister to meet Australian businessmen in Melbourne
Why sure Gentlemen, your investments are safe, our laws and court system are more than adequate to protect your millions in investment dollars. As for the terrorism issue brought up, we have just executed the 3 Bali Bomber so they are all gone. No more terrorists.
Sun, 09 Nov 2008
Crab exports to US drop drastically
Originally Posted By: KuKuKaChuCrab exports to US drop drasticallyHe said his company had a production capacity of more than two tons a day but now it produced only two days maximally a day.
Sun, 09 Nov 2008
Crab exports to US drop drastically
Originally Posted By: ANTARA News"Before the fuel price hike and current financial crisis we bought crabs from fishermen at Rp180,000 per kilogram but now as demand is dropping we could buy them at Rp100,000 to Rp110,000 per kilogram," Mujahid said.Probably too much Peditox in the water.
Sun, 09 Nov 2008
Trade minister to meet Australian businessmen in Melbourne
Brisbane (ANTARA News) - Trade Minister Mari Elka Pangestu will speak on the latest developments of the trade sector in Indonesia and the Indonesian trade policy in a planned meeting with tens of Australian major businessmen in Melbourne on November 13, 2008.
Sun, 09 Nov 2008
Crab exports to US drop drastically
Cirebon (ANTARA News) - Crab exports from Cirebon, West Java, to the US have been declining drastically since September due to low demand following current financial crisis in that country."The drop is very drastic up to 50 percent.
Sat, 08 Nov 2008
Pharma grouping to appeal over drug registration
A grouping of pharmaceutical companies will lobby for a review of a Health Ministry regulation that revokes the right of some of its members to register, and thus sell, drugs they import.The regulation, issued last Monday, applies in particular to PBFs -- a corporate classification set by the...