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Wed, 08 Dec 2010
Investment-grade status still some way off for Indonesia
Indonesia has made significant strides towards building the political institutions necessary for the country to achieve investment-grade status, according to Standard & Poor’s. But, unfortunately for more sanguine investors and the country’s policymakers, it is not there yet.
Tue, 07 Dec 2010
RI's oil, gas fields unappealing
A lack of information is stymieing government plans to auction off oil and gas fields, a senior official says.Only three of 14 fields offered by the government this year attracted investors, Evita Herawati Legowo, the Energy and Mineral Resources Ministry’s oil and gas director general, said on...
Tue, 07 Dec 2010
Shaping the future of the palm oil industry
The pros and cons regarding the role of the Roundtable on Sustainable Palm Oil (RSPO) have been discussed in an on and off manner since the group’s inception. Similar debate arose ahead of its recent eighth meeting in Jakarta from Nov.
Tue, 07 Dec 2010
President inaugurates shrimp breeding center
President Susilo Bambang Yudhoyono on Monday inaugurated the world's biggest shrimp breeding center (broodstock) located in Bugbug village in Karangasem regency, Bali.The broodstock, having a production capacity of 675,000 shrimps per year, is expected to improve the country's competitiveness in...
Tue, 07 Dec 2010
Increased Planting May Boost Indonesian Palm Oil Production by 8.5% in 2011
Indonesia’s palm oil output may grow by 1.8 million metric tons to 22.8 million tons in 2011 because of increased planting, Indonesian Palm Oil Board vice chairman Derom Bangun said in on Friday.“World demand will be more than 2 million tons, maybe 3 million tons,” Bangun said in Bali.
Tue, 07 Dec 2010
Foreign Ownership Restrictions Should Not Be Applied
VIVAnews - The Indonesia Stock Exchange (IDX) authorities claimed foreign ownership in the domestic market has yet to change much within the last three years. Given the percentage of between 66 and 67 percent, foreign ownership still dominates the stock floor.
Tue, 07 Dec 2010
RI to need 1,000 appraisers by 2015
Bekasi, W Java (ANTARA News) - The Indonesian Appraisal Society (MAPPI) said Indonesia will need an estimated 1,000 certified appraisers in 2015 to support national economic growth."Right now we only have 330 certified appraisers," MAPPI General Secretary Robinson Tampubolon said on the...
Tue, 07 Dec 2010
RI tourism to emphasize eco-cultural attractions in 2011
Jakarta (ANTARA News) - Indonesia`s tourism is to be promoted in 2011 with emphazis on the country`s eco-cultural attractions in the hope it will draw 7.3 - 7.6 million foreign visitors, a tourism ministry spokesperson said.
Sun, 05 Dec 2010
Indonesia's palm oil tax at comfortable levels: SMART
NUSA DUA, Indonesia (Reuters) - Indonesia's export tax on palm oil products remains at comfortable levels but any steps by the government to change the structure needs to equally benefit planters and refiners, a top planter said late on Thursday.
Sun, 05 Dec 2010
Indonesia to make small aircraft to connect regions
Jakarta (ANTARA News) - Indonesia plans to produce the prototype of a small capacity aircraft for air travel to and from regions inaccessible by land in 2013."I have coordinated with the National Development Planning Agency (Bappenas), the transportation ministry and the Technology Assessment...
Sun, 05 Dec 2010
Talks of investing in Indonesia island yet to happen: envoy
TAIPEI -- Recently improved relations between Taiwan and China have enhanced Taiwan's trade ties with Indonesia, but no formal talks have been launched on the possibility of Taiwan investing in an Indonesian island, said Andrew Hsia, Taiwan's top envoy to Indonesia, last week.
Sat, 04 Dec 2010
Indonesia Protects Its Shipping Industry
Let me get this right.If a vessel is in Indonesian waters it should be Indo registered but if it goes to the US it has to be US registered.I can't be right.
Sat, 04 Dec 2010
RI opposed to WB`s draft framework for palm oil engagement
Nusa Dua, Bali (ANTARA News) - The Indonesian government on Thursday lodged a protest with the World Bank against the draft framework for engagement in palm oil which it said will harm the development of palm oil industry in the country.
Sat, 04 Dec 2010
Indonesia Protects Its Shipping Industry
Starting in January, as a result of legislation pushed through the Indonesian House of Representatives, all vessels operating in Indonesian waters will be required to be registered domestically, which could kick off seagoing chaos.
Thu, 02 Dec 2010
Moody's puts Indonesia on upgrade review due to economic 'resilience'
JAKARTA -- Ratings agency Moody's said Wednesday it is putting Indonesia on review for a possible credit rating upgrade thanks to its economic “resilience” and improved management of the national finances.
Thu, 02 Dec 2010
Solo Techno Park to Use Solar Power
TEMPO Interactive, Surakarta:The Surakarta Research Council will build a solar-generated power plant early next year for the Solo Techno Park. However, the technology applied will not use solar cell tools. “Solar cell tools are not economical because they are costly,” said the Council Chief, B.
Thu, 02 Dec 2010
RI sees trade deficit of $5.3 bln with China
Jakarta (ANTARA News) - Indonesia saw a trade deficit of US$5.3 billion with China in the first ten months of 2010, the Central Statistics Agency (BPS) said.In October 2010 alone, the deficit reached US$415.7 million, BPS Chief Rusman Heriawan said on Wednesday.
Thu, 02 Dec 2010
Mandiri disburses Rp 30.2t in palm oil sector loans
Bank Mandiri says it has disbursed Rp 30.2 trillion (US$3.35 billion) in palm oil sector loans in the first nine months of 2010, up 35 percent from the same period last year.The nation's largest lender by assets lent Rp 231.85 trillion from January to September with loan growth up 23.
Thu, 02 Dec 2010
Indonesia's Exports in Oct Highest in History
VIVAnews - Indonesia booked US$14.22 billion worth of exports during October 2010, 16.72 percent increase compared to September 2010. It was the first time that the country exceeded US$14 billion worth of exports in its history.