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Sat, 08 Nov 2008
Foreign Investment in Pharmaceuticals Hampered by Regulations
Friday, 07 November, 2008 | 14:34 WIBTEMPO Interactive, Jakarta:The inclusion of the pharmaceutical industry in the negative investment list will hamper its expansion. The policy is seen to be affecting future foreign investment in Indonesia.
Fri, 07 Nov 2008
Govt. introduces new measures to meet crisis
The government and central bank on Tuesday unveiled a series of measures to bolster foreign exchange reserves and market confidence as the rupiah hit a seven-year low of Rp11,900 against the US dollar, The Jakarta Post reported.
Fri, 07 Nov 2008
Riau Islands to cut red tape
The Batam, Bintan and Karimun (BBK) Special Economic Zone Commission has ensured speedy licensing procedures free from illegal levies in a bid to attract foreign investors impacted by the global financial crisis, The Jakarta Post reported.
Fri, 07 Nov 2008
Govt. lowers 2009 agricultural growth target
The Agriculture Ministry has lowered the growth target for the agricultural sector for 2009 to 4.2% from 4.6% as the exports of a number of farm commodities decline due to the current global financial crisis.
Fri, 07 Nov 2008
House approves macro assumptions for 2009
The House of Representatives on Thursday approved macroeconomic assumptions for use in calculating the 2009 state budget, Dow Jones reported."We have agreed with the government that economic growth (will be assumed at) 6% and inflation at 6.
Fri, 07 Nov 2008
Govt. takes more steps for business survival
The government took more steps last week to improve the prospects of businesses under threat from the effects of the global financial crisis, while the capital market improved at the end of the week in line with gains on Wall Street and regional markets.
Fri, 07 Nov 2008
What is destroying our rainforests? Greed, palm oil
Rita Sastrawan, Paris The establishment of oil-palm plantations in Kalimantan and Sumatra poses the greatest threat to orangutans today. In fact, the clearing of forest and the establishment of oil-palm plantations has a negative impact not only on orangutan populations but also on climate, the...
Fri, 07 Nov 2008
Chinese fruit has replaced US, A`lian products in RI market
Jakarta, (ANTARA News) - Fruit imported from China has over the past few years taken over the dominant position of US and Australian fruit in the Indonesian market, a horticulure researcher said.Such fruits as apples, oranges or pears in the Indonesian market in the past always came from the US or...
Fri, 07 Nov 2008
Australian firm wins Indonesia iron mining contract
Australian mining firm Indo Mines Limited has secured Indonesian government approval to mine iron ore deposits in Kulon Progo, Yogyakarta, with a total investment commitment of US$1.7 billion.The company's local subsidiary, PT Jogja Magasa Iron, inked a 30-year work contract with the government...
Fri, 07 Nov 2008
Property sector heads for slowdown
The property business in Jakarta and surrounding areas is heading for a slowdown next year due to increases in interest rates, inflation, prices of materials and rental costs, according to a property consulting company.
Fri, 07 Nov 2008
Indonesia revises tourist targets
Erwida Maulia, The Jakarta Post, JakartaThe global economic slowdown has forced the tourism ministry to revise down its targets for numbers of foreign tourist arrivals for 2008 and 2009 by 9 percent and 20 percent, respectively.
Fri, 07 Nov 2008
Impact of global crisis will be felt as early as end of year: Central Bank
Aditya Suharmoko, The Jakarta Post, Jakarta Having expanded by a fairly healthy 6.4 percent in the third quarter, the economy is facing a slowdown in the last quarter as it begins to feel the impacts of the global crisis, according to the central bank.
Fri, 07 Nov 2008
Kadin wants more funds for real sector
Mustaqim Adamrah, The Jakarta Post, JakartaThe Indonesian Chamber of Commerce and Industry (Kadin) has asked the government to add Rp 10 trillion (US$950 million) to the funds set aside for next year to help cushion the real sector from the impact of the global economic slowdown.
Fri, 07 Nov 2008
Indonesia to blacklist 30 Indian companies
NEW DELHI: In a move that could sully India’s image in the international market, top vegetable oil supplier, Indonesia, has accused 30 Indian companies, including Nafed, of taking it for a ride.What’s worse, some of these defaulters are allegedly using public sector companies MMTC, PEC and STC...
Fri, 07 Nov 2008
Taiwan Financier to Invest Rp200 Billion
Friday, 07 November, 2008 | 08:41 WIBTEMPO Interactive, Jakarta: The chairman of the Ceramic Industry Association Achmad Wijaya said a businessman from Taiwan is interested in the ceramics industry in Indonesia and intends to invest Rp200 billion next year.
Mon, 03 Nov 2008
Harvey Nichols opens amid economy slowdown
I was in Harvy Nics yesterday. Somehow I dont think The people back in the UK would be happy with the store in the UK. For whatever reason the Brand name for Indonesia was given to Mitra Adiperkasa who have failed to deliver a store that lives up to the reputation of the Brand.
Mon, 03 Nov 2008
Harvey Nichols opens amid economy slowdown
The global financial crisis has affected the fashion industry, prompting one of the British high-end fashion retailers Harvey Nichols to set modest targets for its newly opened store in Jakarta.The British luxury fashion retailer opened late October its 12th store in Jakarta amidst a weakening...
Sun, 02 Nov 2008
Government Mulls to Use Biofuel to Generate Energy
The eruption of the Lusi mud volcano in Indonesia was caused by drilling for oil and gas, a meeting of 74 leading geologists has concluded.Lusi erupted in May 2006 and continues to spew out boiling mud, displacing around 30,000 people in East Java.
Sat, 01 Nov 2008
Government Mulls to Use Biofuel to Generate Energy
Friday, 31 October, 2008 | 18:17 WIBTEMPO Interactive, Jakarta: Ministry of Energy and Mineral resources said the government will impose the Domestic Market Obligations on biofuel producers to prevent fuel shortage in local market.
Sat, 01 Nov 2008
President: good public services may boost economic growth
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has said good public services may boost the country`s economic growth.Speaking at a function marking the conferment of prime service awards at the State Palace here late Friday, President Yudhoyono said the economy would grow significantly...
Sat, 01 Nov 2008
Businesses give mixed reaction as provinces raise minimum wages
Tifa Asrianti, The Jakarta Post, Jakarta Several provinces have announced a significant rise in workers’ minimum wage, but the amount of the increase is facing opposition from certain business groups.