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Sun, 30 Dec 2007
No more taxes on exploration equipment
It stands to reason there is more than 1 Minister importing this equipmwnt for his own company, the 1 we all know about is the world famous Minister of Welfare. SO I would expect high powered Indonesians will import equipment this year with most companies havinga new exploration budget to spend so...
Sun, 30 Dec 2007
No more taxes on exploration equipment
Originally Posted By: DilliI better research this one more fully! indeed, you better. i would not entirely trust the word of a JP journalist.and just because the regulation will be "issued" in January, does not mean it will be "implemented" in January.
Sun, 30 Dec 2007
SBY book shows 'true face' of Indonesia
President Susilo Bambang Yudhoyono launched Friday Indonesia on the Move, a compilation of his articles and speeches depicting a "true picture" of Indonesia.Yudhoyono said the book could be used to tell the global community about Indonesia.
Sun, 30 Dec 2007
New regulation restricts modern retail expansion
The government has issued a regulation to restrict the expansion of modern retailers including supermarkets, hypermarkets and convenience stores, which have been widely criticized for edging out traditional retailers.
Sun, 30 Dec 2007
No more taxes on exploration equipment
A regulation exempting oil and gas operators from paying import duties and other taxes on drilling equipment will issue in January, Finance Minister Sri Mulyani Indrawati said here Friday.Speaking at the year-end meeting of the Ministry of Energy and Mineral Resources, the finance minister said the...
Sat, 29 Dec 2007
Can Indonesia use momentum to attract mining investors?
"The most important question now is "Can Indonesia use the momentum to attract new investments in the mining sector". "lol.....NOOOOOOOOI suppose i am talking to myself, but the muppets who run this train smash of a country still don't get that the govt cannot be investor/ regulator/ arbitrator/...
Thu, 27 Dec 2007
Can Indonesia use momentum to attract mining investors?
With the sharp increase in the world commodity prices, Indonesian miners have become the most profitable companies in the country this year.PT Timah, the world's second biggest tin miner and refiner, could be a good example to prove this trend.
Thu, 27 Dec 2007
Legal uncertainty remains major problem
Classic Indonesian problems, such as regulatory uncertainty, excessive bureaucracy and lack of incentives, have also hampered the development of new and renewable energy.Of almost Rp 200 trillion in investment commitments to the biofuel sector as of September, only a few of these have been...
Thu, 27 Dec 2007
Trade outlook promising enough, but could be better
The negotiations under the World Trade Organization (WTO) framework may well end in a stalemate, but that will unlikely shatter the faith in multilateralism, with more and more groupings of countries embracing free-trade agreements (FTAs).
Thu, 27 Dec 2007
Economy doing well, ready to enter fast lane
Despite much criticism over its inability to cope with growing unemployment and poverty, the government has in general managed to get the economic wheels back on the right track this year.The government's success in achieving the economic targets set out in the 2007 budget can be seen from the...
Thu, 27 Dec 2007
Visit Indonesia Year 2008 officially launched
The government officially launched Visit Indonesia Year 2008 on Wednesday, with the main aim of luring up to 7 million foreign tourists and booking US$6.4 billion in foreign exchange income.To help reach the target, the government is setting aside $15 million for a domestic and international...
Thu, 27 Dec 2007
Hero to Spend Rp200B on Expansion
Retailer PT Hero Supermarket will spend Rp200 billion next year to open 10 to 20 new supermarkets in the country, company president Ipung Kurnia said Tuesday (18/12/07), Thomson Financial reported.The company will also rebrand 10 to 20 "Hero" supermarkets into "Giant" supermarkets, he said.
Thu, 27 Dec 2007
Internet Service Industry to Grow 40% in 2008
The country's internet service industry is predicted to grow 40% next year following a 50% cut in tariff by bandwidth providers, Asia Pulse reported Wednesday (19/12/07).Chairperson of the association of internet service providers (APJII) Sylvia Efi Widyantari Sumarlin said the change in the tariff...
Thu, 27 Dec 2007
Motorcycle Sales Up 7.8% Year-on-Year
Motorcycle sales were up 7.8% for the first 11 months of the year compared to the same period of last year, data from the Indonesian Motorcycle Industry Association showed on Monday -(17/12/07), Agence France-Presse reported.
Thu, 27 Dec 2007
Japan to Accept 1,000 Nurses: Report
Japan will accept 1,000 nurses and health care workers from Indonesia from as early as next year under a free trade pact to help ease the country's shortage, a report in the Nikkei business daily said Saturday (22/12/07).
Thu, 27 Dec 2007
BI Expects Investment to Reach $124B in 2008
Senior Deputy Governor of Bank Indonesia Miranda Goeltom said she expected investment to reach Rp1,165 trillion ($124.6 billion) in 2008 to help meet economic growth target of over 6%, Asia Pulse reported Wednesday (19/12/07).
Thu, 27 Dec 2007
Direct Investment at 40-Year High: BKPM
Direct investment hit a 40-year record high of Rp125.94 trillion ($13.99 billion) in the first nine months of 2007, the Capital Investment Coordination Board (BKPM) Asia Pulse reported Wednesday (19/12/07).
Thu, 27 Dec 2007
BI Concerned Over Speed of Consumer Credit
TEMPO Interactive, Jakarta: Bank Indonesia (BI) has started to become concerned over the rapid growth of consumer credit.Agusman, BI's senior researcher from the Banking Assessment and Regulations Directorate, said that an increase in consumer credit that is not balanced by improvements in credit...
Wed, 26 Dec 2007
Electronics sales higher in November
With a surge in sales during November and likely this month, electronics traders are hopeful a 15 percent sales target for television, DVD players and other audio devices can be achieved.Electronics Marketer Club (EMC) spokesman Handojo Soetanto also said the sales of televisions had increased...
Wed, 26 Dec 2007
Passage of mining bill likely to be delayed
The mining bill cannot be endorsed as scheduled as the government and legislators are still at loggerheads over the transitional arrangements, a source close to the negotiations says.The transition period is a period granted to the holders of existing contracts of work (CoW) in order to allow them...
Wed, 26 Dec 2007
Internet charges may drop by half in 4 years
The telecommunications regulatory body is preparing a number of policies in order to gradually lower Internet charges, currently among the highest in the world, by 50 percent within four years."Compared to other countries, our Internet connection charges are too high.
Wed, 26 Dec 2007
Kadin urges focus on labor-intensive industries
The government needs to place more focus on the development of labor-intensive manufacturing industries, and the agricultural and mining sectors in order to maintain sustainable growth and reduce the country's high unemployment, the Indonesian Chamber of Commerce and Industry says.
Mon, 24 Dec 2007
Indonesia hopes for more economic improvement in 2008
Jakarta (ANTARA News) - The government believes that Indonesia is moving towards full recovery from the economic crisis that has hit the country since 1998.Inspired by better economic performance in 2007 which is likely to achieve its growth target of 6.
Sun, 23 Dec 2007
UNFCCC`S success expected to boost tourists arrivals in Bali
Denpasar (ANTARA News) - Tourism agents have expressed optimism that the number of foreign tourists visiting the resort island of Bali in the coming years will increase following the success of the United Nations Framework Convention on Climate Change (UNFCCC) in Nusa Dua.
Sun, 23 Dec 2007
Indonesia's FDI hits five-year high
Wednesday, December 19, 2007AFPJAKARTA -- Actual foreign direct investment (FDI) in Indonesia reached US$10.2 billion as of mid-December, the highest since 2002, National Investment Coordinating Board chief Muhammad Lutfi said Tuesday.The figure is well up on the US$5.
Fri, 21 Dec 2007
SE Asia offers haven from US turmoil
BANGKOK - To decouple or not to decouple, that is the question that will loom over Southeast Asian economies and markets throughout 2008.Global investors are bracing for the possibility of a US recession next year, an increasingly likely scenario as the staggering scale of the subprime housing loan...
Thu, 20 Dec 2007
Carrefour expects negotiations to buy Alfa stake completed shortly
Paris (ANTARA News) - PT Carrefour Indonesia, a unit of Carrefour, said Wednesday it expects negotiations for the purchase of a majority stake in retailer PT Alfa Retailindo to be completed shortly."We have just signed a memorandum of understanding for the stake purchase.
Thu, 20 Dec 2007
BI expects investment to reach Rp1,165 trillion in 2008
Jakarta (ANTARA News) - Senior Deputy Governor of Bank Indonesia (the central bank) Miranda Swaray Goeltom said she expected that investment in 2008 would reach Rp1,165 trillion to meet the economic growth target of more than 6 percent.
Thu, 20 Dec 2007
Govt wants RI`s investment rating to rise to 75th place
Jakarta (ANTARA News) - The Indonesian government intends to do its best to have the country`s investment rating rise to 75th from the present 135th place among the 175 countries usually surveyed by the International Finance Corporation, a minister said.
Thu, 20 Dec 2007
Govt to let private business engage in railways
Jakarta (ANTARA News) - The government will let private enterprise enter the railway business through a railway revitalization program to be implemented in 2008-2010, Transportation Minister Jusman Syafii Damal said.
Thu, 20 Dec 2007
Investment Monitoring Team to Start Work Next Week
TEMPO Interactive, Jakarta: Next week the government will assign the Implementation and Monitoring Team for Investment Climate Improvements to major cities.This effort is for supporting the government's target to raise the “doing business” rating in 2009.
Wed, 19 Dec 2007
Mobile-8 moves to net more customers
Cellular company PT Mobile-8 Telecom, the operator of CDMA-based mobile phone service Fren, launched a wireless application system for mobile phone handsets Tuesday in another effort to meet the company's target to raise its subscriber base by 66 percent next year.
Wed, 19 Dec 2007
Geothermal promoters told to seek opportunities in carbon market
The government wants geothermal energy promoters to take advantage of global carbon trading market as an alternative source of funding to help lower their investment and production costs, a minister says.
Wed, 19 Dec 2007
Govt may drop duties on drilling equipment
The government plans to scrap import duties and taxes on oil and gas drilling equipment to help boost spending on exploration.The finance minister will abolish 27.5 percent of taxes ``soon,'' Anggito Abimanyu, head of fiscal policy at the ministry, said in Jakarta Tuesday after meeting Indonesian...
Wed, 19 Dec 2007
Arndt's Story: Seeing the possibilities above the problems
SEEING THE POSSIBILITIES ABOVE THE PROBLEMS © 2007 Duncan GrahamWhat’s the premier academic journal on the Indonesian economy? The answer is going to upset nationalists, but according to the authors of a biography on 'the grand old man of Asian economics' it’s an Australian publication.
Wed, 19 Dec 2007
Bali`s canned fish exports jump to $10 million
Denpasar, Bali (ANTARA News) - Bali province`s canned fish exports in the first ten months of 2007 jumped 120 percent to US$10.8 million from a year earlier.Canned fish exports in the January-October 2007 period more than trippled in volume to 5,572 tons from 1,865 tons in the same period last...
Wed, 19 Dec 2007
Investment in Indonesia expected to grow 15.2 percent
Jakarta (ANTARA News) - Capital Investment Coordination Board (BKPM) Chief M. Lutfi said investment in Indonesia is expected to grow by 15.2 percent in 2008 or faster than 12.54 percent as projected by the Finance Ministry.
Wed, 19 Dec 2007
Government allows foreign investment in small islands - ministers
Jakarta (ANTARA News) - The Indonesian government allows foreign investors to develop the economies of small islands in Indonesia provided they care for the local people`s welfare, ministers said.Marine and Fishery Minister Freddy Numberi and Culture and Tourism Minister Jero Wacik made the remarks...
Tue, 18 Dec 2007
AES to Invest $400M on Biomass Power Projects
Britain’s Applied Energy Services (AES) plans to build 20 units of biomass power plants with a total investment of $400 million, Asia Pulse reported Friday (14/12/07). Each unit will have a generating capacity of 10 to 15 MW, president and chief executive officer of AES Paul Hanrahan said.
Tue, 18 Dec 2007
Sales of Electronic Goods Predicted to Rise 21%
Sales of electronic goods in Indonesia are predicted to reach Rp14.7 trillion ($1.63 billion) in value or an increase of 21% from last year's Rp12 trillion, Antara reported Monday (10/12/07). Secretary general of the Electronic Marketer Club Handojo Soetanto said in the first 10 months of this year...
Tue, 18 Dec 2007
Hutchison Telecom Steps Up Network Rollout
Hutchison Telecommunications International Ltd said it will accelerate the rollout of its mobile network in Indonesia with the assistance of PT Excelcomindo Pratama, XFN-ASIA reported Thursday (13/12/07).
Tue, 18 Dec 2007
Marubeni Plans Carbon Projects
Marubeni Corp, Japan's fifth-largest 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 (14/12/07), Reuters reported.
Tue, 18 Dec 2007
Incentives Planned for Eco-Friendly Investors
The government is planning to provide incentives to investors wishing to use environment-friendly technology, raw materials, energy and production process, an investment official said, Asia Pulse reported Tuesday (11/12/07).
Tue, 18 Dec 2007
Consumer Confidence Improves: BI
Indonesian consumers last month were more confident about their income prospects over the next six months than they were a month earlier, the results of a Bank Indonesia survey issued Monday (10/12/07) showed, Dow Jones Newswires reported. The central bank's Consumer Confidence Index rose 1.
Mon, 17 Dec 2007
Managing Palm Oil & Biofuel Business
Managing Palm Oil & Biofuel Business IPM Consulting 16 – 17 January 2008 Time : 09.00 – 17.00 Wib Venue : Sultan Hotel, Jakarta A 2 day seminar on Integrated Palm Oil Business that gives the participant a working knowledge and useful benchmarks for individuals or organizations interested in...
Sat, 15 Dec 2007
Number of Chinese and Australian tourist arrivals increasing: minister
Jakarta (ANTARA News) - The number of Chinese and Australian tourists arriving in Indonesia in the January - October 2007 period increased significantly, according to the Data Center of the Ministry of Culture an Tourism here on Friday.
Sat, 15 Dec 2007
Indonesian provincial govt threatens to shut down Newmont gold mine
Jakarta (ANTARA News/Asia Pulse) - The West Nusatenggara (NTB) provincial administration has threatened to shut down U.S. mining company PT Newmont Nusa Tenggara's (NNT) gold mines in the region if it continues to delay the process of divesting its shares.
Sat, 15 Dec 2007
Are biofuels a sustainable solution to climate change?
Many countries at this year’s climate change conference – including China, the European Union countries, and the U.S. – have set targets for the use of biofuels to reduce their greenhouse gas emissions.Biofuels are liquid fuels made from animal or plant matter.
Fri, 14 Dec 2007
Temasek wants to merge Indonesian banks: BII
Jakarta (ANTARA News) - Singapore's Temasek Holdings wants to merge Indonesia's Bank Internasional Indonesia (BII) and Bank Danamon pending approval from banking regulatory bodies here, BII said Thursday.Bank Danamon is the fourth largest bank in Indonesia by assets, while BII is the sixth largest.
Fri, 14 Dec 2007
Timah invests US$50 million in downstream industries
Pangkalpinang (ANTARA News) - The management of state tin company PT. Timah invested 50 million US dollars in the production of downstream products including tin bars for the chemical industry, food industry, pharmaceutical industries, and others.