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Fri, 14 Dec 2007
Marubeni plans carbon projects in Indonesia
Tokyo (ANTARA News) - Marubeni Corp, Japan's fifth-biggest trading company, plans to launch five to 10 carbon credit projects in Indonesia next year, reaping 3 million credits by 2012, a company source said on Friday.
Fri, 14 Dec 2007
Next Year Indonesians Will be Richer
Whoop de doo! US$ 200 a year richer. Given the countries vast reserves of Oil, Gas, Minerals and other natural resources I'm sure that number could be significantly enhanced rather than national companies making obscene profits.
Fri, 14 Dec 2007
Next Year Indonesians Will be Richer
TEMPO Interactive, Jakarta: Bank Indonesia has estimated that next year per capita income will increase to US$2,000 per year.This is equivalent to Rp18.2 million per year at an exchange rate of Rp9,100 against the US dollar, or Rp1.5 million per month.
Fri, 14 Dec 2007
Indonesian banks insulated from direct subprime woes, outlook stable - Moody`s
Mumbai (ANTARA News) - Moody's Investors Service said it sees the financial fundamentals of Indonesian banks remaining steady and has a stable outlook on them as they have escaped direct effects of global credit turmoil due to absence of exposures to structured debt products.
Fri, 14 Dec 2007
Govt to divest 40 percent stake in Merpati
Jakarta (ANTARA News) - The government intends to divest its 40 percent stake in PT Merpati Nusantara Airlines next year as part of efforts to strengthen the company`s capital structure and make it the country`s third largest airline.
Fri, 14 Dec 2007
World oil price to affect Indonesia`s economic growth
Nusa Dua, Bali (ANTARA News) - Finance Minister Sri Mulyani said the surge in the world oil price to US$80 per barrel will affect Indonesia`s economic growth although it showed a positive trend in the past year.
Thu, 13 Dec 2007
Etisalat acquires 15.97% in Indonesian mobile operator Excelcomindo for Dhs1.6bn
Etisalat today announced the acquisition of 15.97% in the Indonesian mobile operator Excelcomindo, the third largest mobile operator in Indonesia.Etisalat has agreed to pay $438m (Dhs1.6bn) for the stake, implying the equity value of Excelcomindo to be $2.742bn (Dhs9.955bn).
Thu, 13 Dec 2007
Entrepreneurs Demanding Tax Exemption
TEMPO Interactive, Jakarta: Entrepreneurs are pushing the government to realize its promise to provide tax holidays.“During this uncertain situation, we’re asking the government not just to talk about giving tax holidays.
Thu, 13 Dec 2007
Indonesian cement consumption rises 5.0 percent in November
Jakarta (ANTARA News) - Indonesian domestic cement consumption rose five percent in November on a year earlier and was 35 percent higher than in October, the Association of Cement Producers said Thursday.The association's chairman, Urip Timuryono, said cement consumption bounced back to 3.
Thu, 13 Dec 2007
It really isn't such a bad investment climate
The public debates over the role of tax holidays in attracting investment that Chairman of the Investment Coordinating Board (BKPM) Muhammad Lutfi revived last week could distract the government from the real reforms needed to reinvigorate the economy.
Wed, 12 Dec 2007
Many Dutch investors shun Indonesia
Promising sources of Dutch investment end up in other Asian countries due to legal uncertainty, a Dutch-Indonesian businessmen association executive said.Chairman of the Indonesian-Netherlands Association Irwan M.
Wed, 12 Dec 2007
Ministry mulls legal action against party intending to sell islands
Depok, West Java (ANTARA News) - Defense Minister Juwono Sudarsono said his ministry was considering to take legal action against the party that had put out an advertisement offering to sell two Indonesian islands in West Nusa Tenggara province.
Wed, 12 Dec 2007
Emaar pledges to attract tourists from Middle East to Indonesia
Jakarta (ANTARA News/Asia Pulse) - Emaar International Properties LLC from Dubai pledged to draw more Middle-east tourists to Indonesia after it completes a tourist resort project in Bali's neighboring island of Lombok.
Wed, 12 Dec 2007
India and China Support Indonesia’s Growth
TEMPO Interactive, Jakarta: Finance Minister Sri Mulyani has stated that targeted national economic growth next year could still be above 6.8 percent despite the sluggishness of both global and United States economic growth.
Wed, 12 Dec 2007
Indonesia failing to cash in on mineral surge: analysts
Originally Posted By: KuKuKaChuIndonesia failing to cash in on mineral surge: analysts Indonesia is failing to cash in on a global surge in mineral prices, with the country's confusing business environment turning off major new investment, analysts say.....
Wed, 12 Dec 2007
Temasek raises stake in Bank Internasional Indonesia
Singapore (ANTARA News) - State-linked investment firm Temasek Holdings said Tuesday it has raised its stake in Indonesia's sixth largest bank, PT Bank Internasional Indonesia (BII), as a result of its increased stake in Sorak Financial Holdings Pte Ltd.
Wed, 12 Dec 2007
Indonesia has 27,000 MW of potential geothermal energy sources
Denpasar, Bali (ANTARA News) - Indonesia has potential geothermal energy sources of 27,000 MegaWatt (MW) or 40 percent of the world`s total reserves, Energy and Mineral Resources Minister Purnomo Yusgiantoro said here on Tuesday.
Wed, 12 Dec 2007
RI`s rice price 30 pct higher than other countries`
Jakarta (ANTARA News) - Indonesia`s rice price is 30 percent higher than the world market price making it uncompetitive in international trading, State Logistics Agency (Bulog) Chief Mustafa Abubakar said."It will be difficult for us to export rice.
Wed, 12 Dec 2007
President asks private sector to develop biofuel
Nusa Dua (ANTARA News) - President of Indonesia Susilo Bambang Yudhoyono Tuesday appealed to the private sector to increase its role in developing biofuel which is environment-friendly and more economical than fossil fuel.
Tue, 11 Dec 2007
Heritage hangs over birth of Indonesian bourse
JAKARTA – Southeast Asia's biggest economy has a brand new bourse, a long-awaited merger of two pre-existing financial markets aimed at attracting more foreign capital through a one-stop shopping platform for both equity and bond investors.
Tue, 11 Dec 2007
Market forces can help change climate for us to live better
Debnath Guharoy, AnalystSome 10,000 delegates from all over Planet Earth are still in Bali, trying to negotiate an acceptable plan to help save it.For the vocal minority who are entitled to remain climate-change skeptics forever, the overwhelming majority has a simple message.
Tue, 11 Dec 2007
Govt moves ahead on copyright
Indonesia is preparing an inventory of its traditional and cultural products prior to registering them with the World Intellectual Property Organization (WIPO).Director general of intellectual property rights Andy Noorsaman Sommeng said that his directorate would cooperate with local...
Tue, 11 Dec 2007
Indonesian pulp output hit by logging curbs
Jakarta (ANTARA News) - A drive to clamp down on illegal logging in Indonesia could cut supplies of raw materials to the pulp and paper industry and slash output by two-thirds next year, an industry official said on Monday.
Tue, 11 Dec 2007
Indonesia failing to cash in on mineral surge: analysts
Jakarta (ANTARA News) - Indonesia is failing to cash in on a global surge in mineral prices, with the country's confusing business environment turning off major new investment, analysts say.Indonesia has massive reserves of minerals such as copper, tin and bauxite, all of which have seen dramatic...
Tue, 11 Dec 2007
RI plans to give incentives to environment-friendly investors
Nusa Dua, Bali (ANTARA News) - The Indonesian government is planning to provide incentives to investors wishing to use environment-friendly technology, raw materials, energy and production process, an investment official said."We need to seek a solution.
Tue, 11 Dec 2007
Indonesia to face food crisis if farm land continues to shrink
Makassar (ANTARA News) - Indonesia will face a food crisis in 2017 or 20 years from now given the disparity between population growth and the rate at which the country`s farm land area is shrinking, Agriculture Minister Anton Apriyantono said here on Monday.
Tue, 11 Dec 2007
RI`s plywood exports expected to increase next year
Nusa Dua, Bali (ANTARA News) - Indonesia`s wood panel exports are predicted to increase in 2008 as a result of a decline in raw materials in a number of competitor countries, an industry spokesman said here on Monday.
Tue, 11 Dec 2007
RI allocates Rp150 billion to promote tourism
Denpasar, Bali (ANTARA News) - The government has allocated Rp150 billion for tourism promotion in 2008, compared to promotion funds in 2007 which stood at Rp100 billion."We proposed Rp200 billion for promotion funds for tourism, but probably we will get only Rp150 billion," Tourism and Culture...
Mon, 10 Dec 2007
Time for climate business
Much is at stake at the current UN Climate Change Conference in Bali. The commitments that can be hashed out will serve as a springboard for more affirmative global action and a policy bridge prior to the end of the first phase of the Kyoto Protocol in 2012.
Mon, 10 Dec 2007
Indonesia`s First Resources rises on Singapore debut
Singapore (ANTARA News) - Indonesia-based crude palm oil producer First Resources Ltd was trading above its initial public offering price on its debut in Singapore.At 9.39 am (0139 GMT), First Resources was at 1.23 Singapore dollars, compared to the IPO price of 1.10 dollars, with 23.
Sun, 09 Dec 2007
Don't send aid -- bring students
Quote:One third of Singapore's 55,000 megarich are Indonesian citizens.what can we learn from this?
Sun, 09 Dec 2007
SBY reprimands officials for not helping businesses
A lack of support from government officials, both at the national and local levels, is damaging the country's business climate and discouraging investors from starting new businesses, President Susilo Bambang Yudhoyono said Friday.
Sun, 09 Dec 2007
Don't send aid -- bring students
Foreign aid is damaging the development of democracy in Indonesia.It’s maintaining the handout culture inherited from the Dutch colonialism that kept Indonesia as a mendicant nation.Aid also perpetuates the image that the country is backward; it is – though only in the reluctance to introduce...
Sat, 08 Dec 2007
Sun Microsystems hopeful of booking 70 percent increase in RI sales this year
The local unit of U.S.-based vendor of computer components and software, Sun Microsystems Indonesia (SMI), estimates that its sales will increase by 70 percent this year, up from 50 percent last year.Increased demand from the telecommunications sector and the banking industry has contributed to the...
Sat, 08 Dec 2007
Govt launches tourism website
JAKARTA: The Culture and Tourism Ministry has launched a website to provide comprehensive information about the country's tourism sector.The website contains information on tourism sites and special events and features an online hotel booking facility.Titled http://www.my-indonesia.
Sat, 08 Dec 2007
Jambi has 500 million tons of exploitable coal deposits
Jambi (ANTARA News) - Jambi`s calculated and exploitable coal potential with calories of 4,500 to 5,400 kkal/kg reached 500 million tons.This vast energy potential needs to be exploited and used for economic development, especially electric energy generation, Jambi Governor H Zulkifli Nurdin said...
Fri, 07 Dec 2007
Australia trade minister visits Jakarta and Bali
Jakarta (ANTARA News) - New Australian Trade Minister Simon Crean in the new Kevin Rudd Government arrived in Jakarta on Thursday for meetings with his Indonesian counterpart Mari Elka Pangestu and other Indonesian ministers, Australian Embassy media release has said.
Thu, 06 Dec 2007
Global economic slowdown may hurt Indonesia, economists say
A global economic slowdown, affected by high oil prices and the weakening U.S. economy, may cause Indonesia's economy to plateau at 6.3 percent growth next year, speakers at a seminar on the economic outlook say.
Thu, 06 Dec 2007
Govt finalizing 'land capping' scheme
The government is finalizing a new scheme to determine the maximum cost of land acquisitions (or clearance) in major infrastructure projects, an issue noted as being one of the main causes of delays in getting projects under way.
Thu, 06 Dec 2007
Komatsu Indonesia to invest $100m for expansion, research
PT Komatsu Indonesia, a subsidiary of Japan-based heavy machinery manufacturer Komatsu Ltd., plans to invest some US$100 million over the next three years for expansion and research.Vice president Nokiaki Tomimuro said here Wednesday the additional investment was needed to expand production and...
Thu, 06 Dec 2007
Mideast bizmen keen to invest in Indonesia, banker says
Jakarta (ANTARA News) - Middle Eastern businessmen are keen to invest in Indonesia without any hidden agenda, the chairman of the Indonesian Syaria Bank Association (Asbisindo), M Riawan Amin, said here Thursday.
Wed, 05 Dec 2007
HSBC to Fund Indosat Satellite
HSBC to Fund Indosat SatelliteSecond-largest mobile phone company PT Indosat has signed a $228.5 million financing agreement with HSBC to acquire a new satellite, Reuters reported.The Palapa-D satellite will replace Palapa-C2 which will come to the end of its service in the first quarter of 2011.
Wed, 05 Dec 2007
Astra to Expand Oil Palm Plantations
PT Astra Agro Lestari will increase the size of its oil palm plantations by 13% to meet demand from India and China and provide for the use of palm oil as an alternate fuel, the International Herald Tribune reported on Monday (26/11/07).
Wed, 05 Dec 2007
President calls for efforts to achieve food self-sufficiency
Bandar Lampung (ANTARA News) - President Susilo Bambang Yudhoyono called on the people and those in the government to make every possible effort to enable the country to achieve food self-sufficiency."Holding protests (against food imports) and blaming each other are not enough if we all agree we...
Wed, 05 Dec 2007
Indonesia`s ecotourism needs serious management, expert says
Tokyo (ANTARA News) - Indonesia`s ecotoursim needs to be managed in a serious way so that it will attract foreign tourists as this archipelagic country has great potentials in the sector, a Japanese ecotourism expert said.
Wed, 05 Dec 2007
Monsanto to invest US$5 million in Indonesian seed industry
December 4, 2007Source: Asia Pulse Pty Ltd via CheckbiotechMultinational company PT Monsanto has expressed readiness to invest around US$5 million in the development of a seed industry in Indonesia, said an Agriculture Ministry official.
Wed, 05 Dec 2007
Coal clouds over climate change talks
SINGAPORE - As industrialists, environmentalists and government officials open discussions in Bali, Indonesia, about the importance of combating global climate change, there is still clearly a long way to go before the rhetoric translates into substantial change in carbon-intensive energy...
Wed, 05 Dec 2007
The love-hate relationship in the mining sector
An investor-focused environment is needed before Indonesia can make the most out of its natural resources.A few weeks ago, I attended a panel discussion about the development of mining in emerging economies. The keynote speaker was a director of a major Brazilian mining company.
Wed, 05 Dec 2007
Government to limit coal exports until 2025: Official
The government's policy of limiting coal exports to about 150 million tons a year will last until 2025 in order to meet the surging demand from domestic buyers, a senior official at the Energy and Mineral Resources Ministry says.
Wed, 05 Dec 2007
Buried wealth is the key to Indonesia's prosperity
The world is undergoing an unprecedented mining boom powered, by the explosive growth of the Chinese and Indian economies. In 2005 the highly regarded Fraser Institute Annual Mining Survey ranked Indonesia as, overall, the most prospective country in world.