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Thu, 19 Feb 2009
Chevron to decide big investment in 2011
US-based energy giant Chevron Corp. may come up with the final investment decision to develop Indonesia's first deep-water gas project off East Kalimantan as early as 2011.Meanwhile the government hints that this expensive project may get privileged exemption from the regulation which requires all...
Thu, 19 Feb 2009
2009 Infrastructure: Time to press the accelerator pedal
Andhika Suryadharma, Analyst The Indonesian Investment Coordinating Board recently stated there are three industries expected to be the prime driving force behind investment in 2009: Agriculture, energy and infrastructure.
Thu, 19 Feb 2009
RI CPO exporters seek to comply with EU certification rules
The Jakarta Post, Jakarta Indonesia's crude palm oil (CPO) exporters are preparing themselves to have their products meet the "sustainable certification" requirement.This requirement is soon to be applied in international markets, and Indonesian exporters need to comply so as not to lose...
Wed, 18 Feb 2009
Foreign firms renew orders for $990M shoe supplies
Five multinational companies have renewed orders for Indonesian shoemakers to supply shoes valued at $990 million until July this year, Asia Pulse reported on Friday. Fila, Adidas, Nike, Reebok and Diadora earlier cancelled the orders on global economic slowdown, Eddy Widjanarko, chairman of the...
Wed, 18 Feb 2009
Rp4T to be injected for new infrastructure body
The government, in concert with the World Bank and Asian Development Bank (ADB), plans to inject up to Rp4 trillion ($340 million) into a special body that will provide loans to investors interested in developing long-term infrastructure projects, a senior government official said on Tuesday, The...
Wed, 18 Feb 2009
Indonesia`s per capita income up 24% in 2008
Jakarta, (ANTARA News/Asia Pulse) - Indonesia's per capita income rose 24 per cent to US$2,271 in 2008 from US$1,942 in 2007 with Gross Domestic Product at Rp4,954 trillion (US$450 billion) based on current prices.Last year, the country's GDP based on constant prices of 2000 reached Rp2,082.
Wed, 18 Feb 2009
No, You Don’t Have to Buy Indonesian, But Please Do
Trade Minister Mari Elka Pangestu on Tuesday reassured reporters that the central government would not be issuing a decree forcing civil servants only to buy domestically made products. She is, however, pursuing a government-sanctioned campaign to encourage the use of Indonesian products.
Wed, 18 Feb 2009
Crisis-hit Indonesian malls have plenty of visitors, few sales
Crisis-hit Indonesian malls have plenty of visitors, few sales AFP/File – Visitors of a mall enjoy music at a café as part of its strategy to attract shoppers in Jakarta, on …JAKARTA (AFP) – With opulent attractions from children's rides and slippery slides to faux-European boulevards, the...
Wed, 18 Feb 2009
Monsanto starts India GM corn trials, eyes Indonesia
SINGAPORE - Monsanto (MON.N), the world's biggest seed company, has started field trials for genetically modified corn in India, but it could take a few years for the seeds to be ready for a commercial launch, company executives said on Tuesday.
Wed, 18 Feb 2009
/Chevron Mulls Deepwater Indonesia Gas Project
Chevron Corp will decide whether to move to the final design of the deepwater Kutai Basin natural gas project off Indonesia's East Kalimantan province by year-end, the U.S. major oil firm said on Tuesday.
Wed, 18 Feb 2009
Consumer sentiment remains strong but jobs need protection
Debnath Guharoy, Consultant Last week's update reported the relative calm in Indonesia's fast moving consumer goods industries.The basket of five "essentials" reflecting all-weather products are still faring well, though there is strong evidence of downtrading in some categories,...
Wed, 18 Feb 2009
Government offering 15 geothernal fields for power bids
The government is to soon offer 15 geothermal fields up for power development tenders expected to generate a total of about 1,500 MW (megawatts) of electricity requiring a total investment of US$ 4.5 billion.
Wed, 18 Feb 2009
Summary of Indonesia Import Trade Restrictions (Decree 56/2008)
English translation of import restrictions imposed by the Minister for Trade.Trade Decree 56, signed on 24 December 2008, supersedes Decree 44. Trade Decree 56 is similar to Decree 44 in terms of the introduction of new import procedures for five broad categories of products, namely: * Electronics*...
Wed, 18 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
Originally Posted By: KuKuKaChuyou could use external supports quite easily; guy wires, stakes, etc. also, hydroponic plants typically grow very shallow and fibrous roots. also, they could be "dwarfed" using hard pruning. Shut ya blud clart mout Kuku mon .]
Tue, 17 Feb 2009
Info minister calls on public to buy Indonesian products
Originally Posted By: biznewsInfo minister calls on public to buy Indonesian products...........He said it was time to change the paradigm that quality and branded products were always imported products while domestic products were always poor.
Tue, 17 Feb 2009
Land certificate process made easy in C. Jakarta
JAKARTA: Starting Monday, the Central Jakarta chapter of the National Land Agency will run a mobile service called Larasita, acronym for the Public Service for Land Certification, in an bid to wipe out illegal fees often occurred in land certificate procedures.
Tue, 17 Feb 2009
Coal Sales to be Below Standard Price
TEMPO Interactive, Jakarta:Mineral, Coal, and Geothermal director general Bambang Setiawan has said the government has indicated coal businesses paying royalties to the government to be selling coal below the standard price.This has created concerns that the state’s revenues will decrease.
Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
you could use external supports quite easily; guy wires, stakes, etc. also, hydroponic plants typically grow very shallow and fibrous roots. also, they could be "dwarfed" using hard pruning.
Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
Originally Posted By: Polisi Cepekaren't they big huge trees? What medium would the roots be in so it didn't fall over?? They are more shrubby than tree-like, but they can grow quite tall - probably over 3 meters.
Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
aren't they big huge trees? What medium would the roots be in so it didn't fall over??
Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
it would be quite possible. the question is, would it be cost effective.
Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
Hydroponic "guava" eh? Nudge, nudge. Sure as hell no-one's growing a tree that size hydroponically.
Tue, 17 Feb 2009
Info minister calls on public to buy Indonesian products
Jakarta, Feb 16 (ANTARA) - Minister of Communications and Information M. Nuh called on the Indonesian public here on Monday to prefer using domestic IT products including computers and laptops."This is important as a real effort to reduce potential lay-offs," he said.
Tue, 17 Feb 2009
State enterprises aim to boost real sector to counter slowdown
The Jakarta Post, JAKARTA State owned enterprises (SOEs) have increased capital expenditure up to a total of Rp 146.9 trillion (US$12.49 billion), in order to boost the growth of the real sector which has been slowing down due to the global economic downturn.
Tue, 17 Feb 2009
Govt to secure 65m tons of coal for the local market
Indonesia expects to secure 65 million tons of coal for the domestic market this year, in part thanks to a planned regulation requiring that coal contractors must sell part of their coal production to the domestic market.
Tue, 17 Feb 2009
Oil investment in weak market
The US$14 billion oil and natural gas mining contractors plan to spend this year on exploration and production development would not generate a lot of new jobs, which we badly needs, as the country is widely predicted to suffer from a steep economic downturn, with a projected growth rate as low as...
Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
TEMPO Interactive, Tangerang: The Tangerang municipality will soon implement hydroponic agro-business to improve its agricultural productivity. "We can develop red rice or guava in limited areas," said Tangerang mayor Wahidin Halim yesterday.
Tue, 17 Feb 2009
Indonesia Proposes Strong Collaboration In Tourism
BATAM, Indonesia, Feb 17 (Bernama) -- Indonesia is proposing a strong collaboration with Malaysia to increase the number of tourists to both countries.Apart from using tourism incentives such as low price packages, the republic has suggested that the two countries promote each other through...
Tue, 17 Feb 2009
Indonesia mulls "use local" decree, denies protectionism
JAKARTA (Reuters) - Indonesia plans to order its nearly four million civil servants to use local products ranging from footwear to heavy machinery to help the economy weather the global financial crisis, officials said on Monday.
Tue, 17 Feb 2009
Indonesia Grows at Slowest Pace in 2 Years on Exports
Feb. 16 (Bloomberg) -- Indonesia’s economy expanded at the slowest pace in more than two years as the global recession crimped demand and reduced prices of the nation’s palm oil, rubber and electronics exports.Southeast Asia’s biggest economy grew a less-than-estimated 5.
Tue, 17 Feb 2009
Batam To Have Internet Center
TEMPO Interactive, Jakarta: To transform Batam into a digital area, PT Telkom yesterday launched the Telkom Internet Center at Batam International port. This center is the first to be launched out of the 50 Internet points scheduled to be installed in Batam.
Mon, 16 Feb 2009
Indonesia may allow conversion of peatlands for palm oil
It's more moot than Miles Davis PC. I actually did some editing for the European Union Forestry Commission once before they packed up and went home in despair (I don't think it was because of me). Indonesia is the world's canary in a coal mine. Environmental catastrophe is assured...
Mon, 16 Feb 2009
Oil, gas firms to invest $14b in 2009
Oil and gas firms have proposed to invest US$14 billion this year, about 15 percent higher than the $13.15 billion calculated last month.Last month’s figure was based on submitted Work Program and Budget (WP & B) proposals from the majority of 203 contract holders.
Mon, 16 Feb 2009
Democrats and PKB say they will focus on agriculture sector
As it tries to ward off the fallout from the global recession, Indonesia’s economy should focus more on developing the agriculture sector.That was the message conveyed by President Susilo Bambang Yudhoyono’s Democratic Party and the National Awakening Party (PKB), when the two parties met...
Mon, 16 Feb 2009
Indonesia may allow conversion of peatlands for palm oil
Right now it is illegal to clear peatland where the depth of peat is more than 4 meters. Presumably this decree plans to change that. Mind you, the ban is from the forestry dpt, whereas the guy quoted is from the Agriculture ministry, who are not in charge of plantations.
Mon, 16 Feb 2009
Indonesia may allow conversion of peatlands for palm oil
The Indonesian government will allow developers to convert millions of hectares of land for oil palm plantations, reports The Jakarta Post. The decision threatens to undermine Indonesia's efforts to reduce greenhouse gas emissions from land use and fashion itself as a leader on the environment...
Mon, 16 Feb 2009
Indonesian GDP Growth Probably Slowed to Two-Year Low
Feb. 16 (Bloomberg) -- Indonesia’s economy, Southeast Asia’s biggest, probably expanded at the slowest pace in more than two years in the fourth quarter as exports slumped.Gross domestic product grew 5.7 percent in the three months ended Dec. 31 from a year earlier, after gaining 6.
Mon, 16 Feb 2009
Businesses Project 4% Growth
The business community remains upbeat that the country will be able to achieve about 4 percent economic growth this year despite the global economic crisis, but that such a rate requires the delivery of a speedy fiscal stimulus package and stable macro-economic indicators.
Sun, 15 Feb 2009
Indonesia sees decline in gas and non-oil exports
JAKARTA: Indonesia's trade minister said yesterday export volumes for non-oil and gas are set to fall 20-30 per cent this year from last year as global trade slows. Earlier this month, Trade Minister Mari Pangestu said Indonesia's non-oil and gas export growth target had been revised to below 4.
Sun, 15 Feb 2009
Indonesia domestic industries hail new import ban
JAKARTA (Xinhua): Some industries in Indonesia are praising controversial new Trade Ministry regulations that restrict imports of consumer goods and food items, saying they have helped to reduce smuggled goods into the country, a local newspaper reported Saturday.
Sun, 15 Feb 2009
UPDATE 1-Indonesia sees container volumes down 20-30 pct in '09 Sat Feb 14, 2009 1:30pm GMT Email |Print | Repri
JAKARTA, Feb 14 (Reuters) - Indonesia's trade minister said on Saturday export volumes for non-oil and gas are set to fall 20-30 percent this year from 2008 as global trade slows, dealing a blow to Southeast Asia's biggest economy in an election year.
Sun, 15 Feb 2009
Property Agents Set for Tighter Control
Certification and Licensing for Real Estate Agents and Property Brokers to be Introduced by August 2009.(2/14/2009) The government and the Indonesian Association of Real Estate Brokers (AREBI) have promised to begin surveying the actual number of property agents operating in Indonesia as part of an...
Sun, 15 Feb 2009
US$100 million Investment in Entertainment Complex
Investment Part of US$750 Million Total Investment in 400 Hectare Pecatu Indah Resort Development.Bali News: US$100 million Investment in Entertainment Complex(2/14/2009) Bisnis Indonesia reports that PT Klapa New Kuta Beach, a company owned by Tommy Soeharto, the youngest son of Indonesia's 2nd...
Sat, 14 Feb 2009
Government to Sign Free Trade Agreement
TEMPO Interactive, Jakarta:The government stated that it will go ahead and sign the ASEAN free trade agreement (FTA) with Australia and New Zealand on February 27. “So far, there has been no changes,” said Trade Minister Mari Elka Pangestu yesterday.
Sat, 14 Feb 2009
Indonesia in cross hairs of global economic slowdown
Proof shows in shrinking cargo volume, growing number of expelled workersTANJUNG PRIOK PORT, Indonesia - Customs officer Tiko Murtiadji is no economist, but as he watches a truck-size X-ray machine inspect a cargo load of car tires here, he knows evidence of the global economic slowdown is standing...
Sat, 14 Feb 2009
Indonesia's Aceh eyes investment to replace aid
JAKARTA, Feb 13 (Reuters) - Indonesia's Aceh, rich in resources ranging from coffee to natural gas, aims to lure more investment now that the state agency to rebuild after the 2004 tsunami is set to close, its governor said on Friday.
Sat, 14 Feb 2009
CPO Hits Monthly High Amid Reduced Stockpiles
Palm oil futures completed a second weekly gain after stockpiles in Malaysia, the world’s second-biggest producer, dropped to a nine-month low.Malaysian CPO fell 10 percent in January from December to 1.33 million metric tons, cutting stockpiles by 8.3 percent to 1.83 million tons.
Sat, 14 Feb 2009
Imports Expected to Slump Due to Rupiah Depreciation
In another sign that the country’s economy is slowing down, the country’s imports are expected to drop by nearly 15 percent in value this year because of the rupiah’s depreciation and slowing production.