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Tue, 23 Nov 2010
Reflections on topsy-turvy process of doing business
Of all the key factors hampering economic growth in Indonesia, one of the most commonly cited is the low-level of new domestic and foreign investment. Although there are many factors that contribute to investment, all firms are essentially facing difficulty obtaining business permits and licenses.
Tue, 23 Nov 2010
Indonesia Investment Grade in Sight, But More Work Still Needed
Jakarta. Indonesia must look beyond its sovereign debt achievements and attract foreign investment in the real economy if it wants to finally achieve an investment-grade rating next year.Although Indonesia is poised to win an upgrade to investment grade from Fitch Ratings, the agency is looking for...
Sun, 21 Nov 2010
Airlines Want Government to Limit Air Deregulation
TEMPO Interactive, Jakarta:Domestic airline operators are demanding that the government limit air liberalization, which will be in line with ASEAN Open Sky in 2015. The concern is that liberalization will have a negative impact on the national aviation industry.
Sun, 21 Nov 2010
Electronic good imports increase sharply
Jakarta (ANTARA News) - Indonesia`s imports of electronic goods in the January - October 2010 period sharply increased to US$3.2 billion compared with that in the same period in 2009 which stood at US$1.8 billion, a deputy minister said.
Sun, 21 Nov 2010
Indonesia govt hopes capital inflows to help country`s economy
Jakarta (ANTARA News) - Indonesia hopes the current foreign capital inflows could be used to help the country`s economy."The government welcomes the capital inflows to Indonesia and we will direct them to productive sectors to help grow the economy," Finance Minister Agus Martowardoyo...
Sun, 21 Nov 2010
Lippo Group exploring investment possibilities in Maluku
Ambon, Maluku (ANTARA News) - One of Indonesia`s conglomerates, Lippo Group, is exploring investment possibilities in various fields in Maluku, a provincial investment official said.The group`s vice president, James Riyadi, met Maluku Governor Karel Albert Ralahalu on Wednesday night to obtain...
Sun, 21 Nov 2010
Mt Merapi eruptions cause huge economic losses
Yogyakarta (ANTARA News) - The fatal eruptions of Mount Merapi have claimed several hundreds of lives and crippled the people`s economy in the volcanic disaster-hit areas.The Mount Merapi`s deadly eruptions that occurred on October 26 and November 5 were expected to have caused economic losses with...
Sun, 21 Nov 2010
Russian investment in RI projected to reach US$7 billion
Jakarta (ANTARA News) - Russian investment in Indonesia may increase to five to seven billion US dollars in the years to come, Russian ambassador to Indonesia Alexander Ivanov said here on Friday.He said Russia`s total investment in Indonesia was at present recorded at more than US$1 billion.
Fri, 19 Nov 2010
Assessing benefits of FDI to the nation
It is a stretch of the imagination to think that domestic capital offers more benefit to a nation compared to FDI (Foreign Direct Investment) or vice versa.This is a false dichotomy, dressed in rhetoric for political expedience. In and of itself, origin is less meaningful than impact.
Fri, 19 Nov 2010
Indonesian Shipping Law to Make Waves in New Enforcement
Hong Kong. Starting in January, all commercial vessels operating domestically in Indonesian waters will be required to fly the Indonesian flag under a 2005 law just coming into effect.Shipping industry executives say some 80 percent of the vessels servicing Indonesia’s offshore oil and gas...
Fri, 19 Nov 2010
Indonesia, Austria sign investment cooperation
Jakarta (ANTARA News) - Indonesia and Austria on Tuesday signed three investment cooperation agreements as a follow up to the results of a recent meeting between Indonesian Coordinating Minister for Economic Affairs Hatta Rajasa and Austrian Economic Minister Reinhold Mitterlehner.
Fri, 19 Nov 2010
Investors Invited to Invest In East Indonesia
Jakarta (ANTARA News) - Maritime Affairs and Fisheries Ministry opens wider opportunities for investors to invest in the fishery sector in East Indonesia."Indonesia is opening wider opportunities for investors to invest in maritime and fishery sector in East Indonesia," Maritime Affairs...
Tue, 16 Nov 2010
Govt to build new cargo port near Jakarta
Tokyo (ANTARA News) - The Indonesian government`s plan to build a new cargo port near Jakarta was discussed by visiting Vice President Boediono and Japan Bank for International Cooperation (JBIC) President Hirose Watanabe here on Monday.
Tue, 16 Nov 2010
Bali's exports to Japan worth US$69 million
Denpasar, Bali (ANTARA News) - While its trade with a number of countries were declining due to the global economic crisis, Bali was still able to increase its exports to Japan, amounting to US$69.7 million in the January-September 2010 period."Bali`s exports of US$69.7 million increased 16.
Mon, 15 Nov 2010
Rupiah Strengthening Affect Electronic Sales
TEMPO Interactive, Jakarta:The head of the Electronic Entrepreneurs Association, Ali Soebroto Oentaryo, said that in general, the strengthening of the rupiah, tend to disrupt electronic goods sales. It creates a dilemma for electronic dealers because consumer wants prices to drop, but the suppliers...
Mon, 15 Nov 2010
Indonesia Unprepared for Asia-Pacific Free Trade
TEMPO Interactive, Tokyo:Indonesia is still considering participating in the Asia-Pacific free trade agreement. “We think we are not ready yet because the agreement is very hard for the local industry,” Trade Minister Mari Elka Pangestu after attending the Asia-Pacific Economic Cooperation...
Mon, 15 Nov 2010
Doing Business in Indonesia 2011
Doing Business in Indonesia 2011 report available here: http://okusiassociates.com/public/idn.pdf
Mon, 15 Nov 2010
Economic nationalism and policy
Transmitting messages to the general public via the mass media is unquestionably one of most effective measures available to policy makers.It is even more pertinent for a country such as Indonesia, which has been a fully fledged democracy since the end of the previous century.
Mon, 15 Nov 2010
The rise of agriculture and Indonesia’s future
Long regarded by many as one of the least profitable industries, the agricultural industry has been attracting greater attention from the global business community in recent days.This is good news for countries such as Indonesia, where most of the population still makes a living in the agricultural...
Mon, 15 Nov 2010
RI`s economy to grow 7.8 pct in 2015
Jakarta (ANTARA News) - The Indonesian economy is projected to grow at a 6.8-7.8 percent pace in 2015 with the inflation rate tending to decline and fundamental factors continuing to improve, Bank Indonesia said.
Mon, 15 Nov 2010
RI still undecided about joining trans-Pacific agreement
Tokyo (ANTARA News) - Indonesia is still undecided about joining negotiations for an expanded trans-Pacific free trade pact on the grounds it still has to prepare a lot of things before making up its mind."We cannot join the negotiations all at once.
Sun, 14 Nov 2010
Business People Asks that Dumai No Longer Be Entry Point for Food Imports
TEMPO Interactive, Jakarta:Food and beverage businessmen have suggested that the port of Dumai no longer be used as the entry point for food and beverage imports. “Based on information from the excise office, very little food and beverage imports come through Dumai,” said Franky Sibarani, the...
Sun, 14 Nov 2010
Foreign investors to build cocoa-processing plants in w Sulawesi
Jakarta (ANTARA News) - Three foreign investors look set to build cocoa-processing plants in West Sulawesi province next year with a combined production capacity of 90,000 tons per month, a spokesman said.
Sun, 14 Nov 2010
Russian investor builds seaweed industry in Bantaeng
Bantaeng, South Sulawesi (ANTARA News) - After noticing potential seaweed in Bantaeng, South Sulawesi, when accompanying Indonesian ambassador to Russia Hamid Awaluddin on September 28, investors of the National Investment Agency of Moscow immediately started building an industry.
Sun, 14 Nov 2010
Foreign investors need legal certainty in Aceh
Banda Aceh, Aceh (ANTARA News) - Foreign investors hope that Aceh would provide legal certainty for investment in the province regardless of the fact that Aceh has recovered from regional conflict and the aftermath of the December 26, 2004 tsunami.
Sun, 14 Nov 2010
Investors want something concrete from Aceh Business Summit
Banda Aceh, Aceh (ANTARA News) - Business circles expressed hope that the Aceh Business Summit organized by the regional government would lead to concrete actions."We hope our meeting would not be a mare ceremonial event but must give birth to a concrete action by the government to invite...
Fri, 12 Nov 2010
Bakrieland talking to Disney on Indonesia park-source
JAKARTA Nov 11 (Reuters) - Indonesian developer Bakrieland (ELTY.JK) is in talks with Walt Disney Company (DIS.N) to build a $1 billion theme park in the country's main Java island, a source with knowledge of the matter told Reuters on Thursday.
Fri, 12 Nov 2010
Indonesia Proposes Biofuel Factory in Austria
TEMPO Interactive, Jakarta:The Indonesian government proposed an Indonesia-Austria collaboration in building a biofuel factory in Austria. “The raw material will come from Indonesia,” said Hatta Rajasa, The Coordinating Minister of Economy, yesterday after meeting the Austrian Economic...
Fri, 12 Nov 2010
Indonesia-US Geothermal Joint-Venture Planned
TEMPO Interactive, Jakarta:The government is preparing a clean energy and geothermal energy scheme in cooperation with the US government. This is a follow-up on the bilateral agreements mentioned by US President Barack Obama in his speech yesterday.
Fri, 12 Nov 2010
Bali-China trade relations increasing
Denpasar, Bali (ANTARA News) - Bali Governor Mangku Made Pastika said Bali-China trade relations have been increasing marked with a plan of big investors wishing to operate in the island paradise in the power sector.
Fri, 12 Nov 2010
Kotabaru`s coal exports reach 31.5 million tons
Kotabaru, S Kalimantan (ANTARA News) - The South Kalimantan town of Kotabaru`s coal exports up to September 2010 reached 31.5 million metric tons worth 1.744 billion US dollars.Head of the Kotabaru trade and export division of the trade, investment and market management agency, Ratnawati, said here...
Thu, 11 Nov 2010
Four obstacles hindering investment in Indonesia, says govt
PS. I'm in Jakarta now.
Thu, 11 Nov 2010
Obama to push greater US ties with Indonesia
As a six-year-old schoolboy, US President Barack Obama played barefoot in Jakarta’s narrow dirt lanes. Electricity was scarce, water was drawn from wells and a dictator ruled the vast, resource-rich archipelago.
Thu, 11 Nov 2010
Four obstacles hindering investment in Indonesia, says govt
Indonesia faces four major obstacles that are stopping investors from spending money here, Coordinating Economic Minister Hatta Radjasa says.“We have to focus on resolving these four problems,” Hatta told journalists on Wednesday.
Thu, 11 Nov 2010
China to Invest in Railway Development
VIVAnews - Indonesia and China are committed to hold a partnership on the economy particularly an investment on infrastructure.According to Deputy Chairperson of the People's Consultative Council (MPR) and Functional Group (Golkar) Party Faction, Hajrianto Thohari, details as to the result of the...
Thu, 11 Nov 2010
US investment in RI expected to hit $1 bln
Jakarta (ANTARA News) - The Industry Ministry has projected US investment in Indonesia will hit a record high of US$1 billion in the next few years following President Barack Obama`s visit to the country on Nov 9-10.
Thu, 11 Nov 2010
RI preparing ISPO certification for oil palm plantations
Jakarta (ANTARA News) - Indonesia is preparing an Indonesian Sustainable Palm Oil (ISPO) certification as a guideline for environmentally friendly oil palm plantations in the country."Indonesia is currently preparing a guidance for developing sustainable oil palm plantations in line with the...
Thu, 11 Nov 2010
Obama: US wants to be RI`s biggest trade partner
Jakarta (ANTARA News) - Visiting US President Barack Obama said the US wants to become Indonesia`s biggest trade partner and investor.He made the statement at a joint press conference with President Susilo Bambang Yudhoyono after holding a bilateral meeting at the Merdeka Palace here on Tuesday.
Thu, 11 Nov 2010
US investment in RI soars to $871 million until Q3
Jakarta (ANTARA News) - US investment in Indonesia grew rapidly to US$871 million until the third quarter of this year, a minister said."Until the third quarter of 2010 (US investment) reached US$871 million, meaning that US investment outside the oil and gas sector grew rapidly,"...
Thu, 11 Nov 2010
Obama`s visit to increase economic relations: Kadin
Jakarta (ANTARA News) - The United States` President Barack Obama`s visit to Indonesia is a chance for both countries to increase their economic ties, a chamber official said."The visit can be an encouragement.
Thu, 11 Nov 2010
Taiwanese bizmen exploring investment opportunities in Riau fisheries
Tanjungpinang, Kepulauan Riau (ANTARA News) - A few Taiwanese businesspeople are to explore possibilities of investing in fisheries in Lingga district, Riau province, a local businessman said."The Taiwanese investors are very serious and tomorrow they will look at the potentials in Lingga...
Mon, 08 Nov 2010
S Africa May Cancel US$10 Bn Investment
VIVAnews - South Africa-based company South Africa Coal, Oil and Gas Corporation (Sasol) is likely to cancel around US$10 billion of investment in Indonesia due to the lack of coal supply from PT Bukit Asam Tbk.
Mon, 08 Nov 2010
Tourists to Bali to be Limited
TEMPO Interactive, Denpasar:The Minister of Tourism and Culture from the Megawati Era, Gde Ardika, has proposed the limitation of Bali tourists so that the Bali support capacity can be maintained.“This is no longer the time for mass tourism, but more of a qualitative target,” he said yesterday...
Mon, 08 Nov 2010
To compete globally RI must improve product quality
Surabaya, E Java (ANTARA News) - The strategy that should be applied in the face of global competition is to improve the quality of domestic products, a deputy minister said."We need a synergy program for the improvement of goods quality and competitive edge in the face of the global...
Mon, 08 Nov 2010
Indonesia should develop seaweed as biofuel
Jakarta (ANTARA News) - Indonesia should develop and use seaweed as a biofuel since the commodity can be easily produced on a massive scale in the country, a marine resources official said."Indonesia should adopt a strategy to develop its seaweed industry to produce biofuel and eventually make...
Mon, 08 Nov 2010
News Focus: RI aims to see 15 pct investment growth next year
Jakarta (ANTARA News) - Indonesia expects investment next year to grow by 15 percent of the target of Rp160.1 trillion for this year but critics suggest much needs to be done to improve the investment climate.
Mon, 08 Nov 2010
Obama May Find US Firms a Tough Sell in Indonesia
In plotting a path to boost US exports, the Obama administration has turned a keen eye to the trillions of dollars Indonesia and other Asian nations plan to spend on power plants, transportation and other infrastructure in coming years, expecting it to boost American makers of heavy equipment and...
Mon, 08 Nov 2010
President’s Trip Will Inspire American Firms to Target Indonesia: US Chamber
Jakarta. US President Barack Obama’s visit to Indonesia this week will encourage more American businesses to explore opportunities in the country, says Joe Bartlett, president of the American Chamber of Commerce in Indonesia.
Wed, 03 Nov 2010
Indonesia, Australia Look to Forge Economic Partnership
Camelia Pasandaran Indonesia and Australia on Tuesday agreed to establish a comprehensive partnership to increase the volume of trade and investment between the two countries.“For the sake of the two nations, we agreed to think about establishing a comprehensive economic partnership between us so...
Wed, 03 Nov 2010
In a golden cage
P.S. SURYANARAYANAin SingaporeA haze blankets the Indonesian city of Batam in Riau province bordering Singapore on October 22. The country's immediate ASEAN neighbours were dismayed that the man-made fires in Sumatra in mid-October were allowed to pose a health hazard to the adjacent areas in...