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Sat, 14 Feb 2009
Indonesia to provide housing to low-incomes through secondary mortgage
JAKARTA, Feb. 13 (Xinhua) -- The Indonesian government will boost house financing through the sales of mortgage-backed securities, so as to help provide decent housing to low-income people, the Jarkata Post reported Friday.
Fri, 13 Feb 2009
Pertamina plans refinery projects
Originally Posted By: Polisi CepekCopywriter fail too. And final check desk, etc etc journalist FAIL. business desk editor FAIL. check desk editor FAIL.
Fri, 13 Feb 2009
Govt to focus on fishery diversification
The Jakarta Post, JAKARTA The Ministry of Marine Affairs and Fisheries plans to increase the volume of processed fishery product exports up to 25 percent of total fisheries production in order to increase the value of exports.The ministry’s director of foreign marketing Saut P.
Fri, 13 Feb 2009
Pertamina plans refinery projects
Mustaqim Adamrah, THE JAKARTA POST, JAKARTA State oil and gas firm PT Pertamina plans to build two new refineries and expand its biggest existing one to meet domestic demand and cut imports.President Bambang Susilo Yudhoyono said on Thursday the country produced a great deal of oil but still had to...
Fri, 13 Feb 2009
State firms may get privileges in mining law
Following the enactment of the new mining law, the government is drafting a regulation which will give special treatment for state enterprises.“We will regulate the status of the state enterprises in the government regulation.
Fri, 13 Feb 2009
Riau Gets Ready Five Ports
TEMPO Interactive, Batam:Five ports around Batam, Bintan and Karimun are being spruced up following the plan to establish a free trade and port zones for certain products. Riau Industry and Trade Office chief Jon Arizal said the ports include Batu Ampar, Sekupang and Kabil.
Fri, 13 Feb 2009
M`sia plans on exporting electricity to Sumatra
Putrajaya (ANTARA News/Bernama) -- The Ministry of Energy, Water and Communications is planning to export electricity power of up to 45 percent from the government`s reserves margin to Sumatra, Indonesia in the near future.
Fri, 13 Feb 2009
Ministry proposes low duty on imported raw materials of textiles
Jakarta, (ANTARA News) - The Industry Ministry has proposed a cut in duty on the import of raw materials of textiles to increase the competitive edge of the commodity."It is true we have proposed a cut in duty on the import of raw materials of textile products which have strong market such as...
Thu, 12 Feb 2009
Property Market Reduced by Ten Percent
TEMPO Interactive, Jakarta: Research by property consultant Jones Lang LaSalle, said the market in Indonesia was reduced by ten percent. However, Indonesia is still a potential market. Chairperson Lucy Rumantir, said that since the fourth quarter last year, the property market has slowed down due...
Thu, 12 Feb 2009
Government Asks ASEAN Free Trade to be Delayed
TEMPO Interactive, Jakarta: Entrepreneurs are asking ASEAN free trade (AFT) to be delayed. The government is asked to focus on the national interest. “We better delay it until the crisis is over,” said head of Indonesian Employers Association (Apindo), Sofjan Wanandi, yesterday.
Thu, 12 Feb 2009
China-made Shoes Flood Local Markets
TEMPO Interactive, Jakarta:The Indonesian Shoe Producers Association chairman, Eddy Widjanarko, said local shoe production was being squeezed out by imported products from China. "We are concerned that the crisis will force China to dump their products worldwide, including in Indonesia,"...
Thu, 12 Feb 2009
Budget hotels may buck property trend
Benget Besalicto Tnb., THE JAKARTA POST, JAKARTASlowing up: Three towers are under construction in Central Jakarta. Weaker demand and high interest rates are slowing down growth in the property sector this year, delaying start-up dates for planned building sites.
Thu, 12 Feb 2009
Excelcomindo cancels tower sales
The Jakarta Post, JAKARTA Publicly listed cellular phone operator PT Excelcomindo Pratama (XL), the country’s third largest telcom company, has cancelled plans to sell 7,000 telecommunications towers and will instead turn to a rights issue to raise funds.
Thu, 12 Feb 2009
Mazars Accounting Firm to Set Up Shop
France-based accounting firm Mazars is to enter Indonesia through a merger with the local arm of Moores Rowland, said executive Jon Mellows.Mazars will join the list of the big four international accounting firms that already have operations here.
Thu, 12 Feb 2009
Thomson Financial News Indonesia consumer confidence edges up -surveys
Bank Indonesia's survey of 4,600 households in 18 cities across Indonesia, released on its website (www.bi.go.id) released on Wednesday, Journalism FAIL
Thu, 12 Feb 2009
Indonesia seeks greater control over its energy resources
only $201.57 million?Cheapskates...
Wed, 11 Feb 2009
Indonesia seeks greater control over its energy resources
Eric WatkinsOGJ Oil Diplomacy EditorLOS ANGELES, Feb. 10 -- The Indonesian government, aiming to play a greater role in managing its own energy resources, plans to step up the participation of domestic firms in developing the country's oil and gas industry.
Wed, 11 Feb 2009
Thomson Financial News Indonesia consumer confidence edges up -surveys
JAKARTA, Feb 11 (Reuters) - Indonesian consumer confidence rose slightly in January, helped by expectations of easing inflation in Southeast Asia's biggest economy after a series of cuts in subsidised fuel prices, two surveys showed.Indonesia's annual inflation in January eased to 9.
Wed, 11 Feb 2009
Steel Imports to be Restricted
TEMPO Interactive, Jakarta:The government will intensify steel imports following the dumping of cheap iron ore from outside the country. Metal, Machinery, and Textile Industry director-general, Anshari Bukhari, said the measure is taken to protect the national steel industry.
Wed, 11 Feb 2009
Infrastructure Fund ready to be set up; WB, ADB contribute
The Infrastructure Fund - which would provide alternative financing for development projects - may be up and running as early as March.The World Bank and the Asian Development Bank (ADB) will contribute around Rp 2 trillion (US$170 million) to help fund the country's infrastructural development,...
Wed, 11 Feb 2009
Business Trust Improved
TEMPO Interactive, Jakarta: The level of trust and hope of doing business in Indonesia still remain high.Companies in Indonesia are perceived as trustworthy companies, according to research by Tust Barometer published yesterday (10/2).
Wed, 11 Feb 2009
RI may prefer lead role in oil, gas: Kalla
Originally Posted By: biznewsRI may prefer lead role in oil, gas: KallaThe government has hinted that PT Pertamina should consider to take the lead in all oil and gas energy projects in the country. How do you hint to yourself?
Wed, 11 Feb 2009
Ministry: Indonesia Will Miss Soy Target
The Ministry of Agriculture has had to push back its target of reaching national soybean self-sufficiency three years - from 2011 to 2014 - because low yields and fluctuating prices for the crop have continued to hamper local production.
Tue, 10 Feb 2009
Seminar in Taipei to focus on investment opportunities in Indonesia
Taipei, Feb. 10 (CNA) The Taipei-based Chinese National Association of Industry and Commerce will hold a seminar Wednesday to allow Taiwanese entrepreneurs to familiarize themselves with investment opportunities in Indonesia.The seminar is scheduled to take place from 2 p.m. to 4:30 p.m.
Tue, 10 Feb 2009
RI may prefer lead role in oil, gas: Kalla
Aditya Suharmoko , THE JAKARTA POST , THE HAGUE Indonesia will gradually improve the roles of local energy companies and will not let foreign firms control the country’s energy resources, Vice President Jusuf Kalla says.
Tue, 10 Feb 2009
Singapore Temasek loses $39 billion in 8 months
The Jakarta Post | Tue, 02/10/2009 5:11 PM | BusinessSingapore state investment company Temasek says it lost about US$39 billion, or 31 percent of its holdings, in eight months last year as big bets in the financial sector went sour.
Tue, 10 Feb 2009
Loan defaults ring alarm bells
Soaring loan defaults in some economic sectors has raised questions over the severity of the impact of the global economic crisis on Indonesia.While Bank Indonesia insists that last year's nonperforming loans (NPL) were still manageable at 4 percent - less than the BI tolerance level of 5 percent -...
Tue, 10 Feb 2009
Indonesia Wants Fair International Trade: VP
The Hague (ANTARA News) - Vice President Jusuf Kalla said Indonesia wanted that international trade would not be a mere free trade but also a fair one."Indonesia wants not only a free trade in the world but also a fair one because otherwise it would lead to protectionism where all countries...
Tue, 10 Feb 2009
Japanese tourists top list of tourist arrivals to Bali
Denpasar, Bali (ANTARA News) - A total of 359,827 Japanese tourists visited Bali in 2008, accounting for 18.06 percent of the total number of foreign tourists coming to the resort island that year.The number of Japanese tourists visiting Bali last year represented a 2.
Tue, 10 Feb 2009
President calls for speedy completion of new power plants
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono called on state-owned electricity company PLN to speed up the construction of new power plants to reduce the number of regions facing electricity shortages and to overcome outages.
Tue, 10 Feb 2009
Ports Wallow In Dry Dock as Exporters Suffer
The country’s notoriously inefficient and corrupt ports, and their grossly inadequate infrastructure, are further exacerbating the problems of exporters struggling to cope with the effects of the economic crisis, the head of the country’s association of exporters said.
Tue, 10 Feb 2009
Kadin Says US Stimulus Plan Will Have Minor Impact on Indonesian Exports
The proposed US government stimulus package, which includes some measures that may limit trade, is not expected to have a major impact on Indonesian exports, Sofyan Wanandi, deputy advisory chairman of the Indonesian Chamber of Commerce and Industry, or Kadin, said on Monday.
Tue, 10 Feb 2009
SMBs set to dominate Indonesia Growing
SMBs set to dominate IndonesiaGrowing number of private enterprises and SMBs due to the collaboration of financial institution, governmentDUBLIN, IRELAND: Research and Markets has announced the addition of the "IT Market in Indonesia" report to their offering.
Tue, 10 Feb 2009
House Rejects Demand to Raise Biofuel Subsidies
The House of Representatives on Monday rejected a government proposal to raise subsidies for the development of biofuels from an initial plan of Rp 774.47 billion ($66.6 million) to Rp 831.42 billion, arguing that it was irrational.
Mon, 09 Feb 2009
The existence of the informal sector is often forgotten
Didit Eko Setiawan , Jakarta According to the Central Statistics Agency (BPS), the unemployment rate decreased in February 2008 compared to that in February 2007. How could that be possible? The reason is the number of unemployed absorbed by that tough and self-reliant sector - the informal sector.
Mon, 09 Feb 2009
Veep: Shell ready to move to Indonesia
Even with the 10:1 ratio you stated I cannot see almost 1 million jobs being created within Indonesia
Mon, 09 Feb 2009
Veep: Shell ready to move to Indonesia
Originally Posted By: DilliShell only have 108,000 employee's worldwide! perhaps. but how many wholly- or partially-dependent contractors do they employ?
Mon, 09 Feb 2009
Veep: Shell ready to move to Indonesia
the indonesian investment coordinating board, BKPM, here represented by Lufti, is filled with failed lawyers who have never worked in the private sector and who cannot do the simplest of maths.nonetheless, the 930,000 he was referring to was possibly a "multiplier effect" figure.
Mon, 09 Feb 2009
Veep: Shell ready to move to Indonesia
I think they made it up .. either that or they are estimating the number of knock on jobs it will create. I mean think of all the Bakso boys, Ojeks, bar girls etc etc that will be needed
Mon, 09 Feb 2009
Veep: Shell ready to move to Indonesia
The Hague (ANTARA News) - Vice President Jusuf Kalla said here on Sunday that Shell Royal Dutch oil company had expressed its readiness to move its oil processing operations to Indonesia."In a meeting over dinner Shell has expressed its readiness for it," he said after visiting the port...
Mon, 09 Feb 2009
Veep calls for speedy development of Tanjungpriok port
Rotterdam (ANTARA News) - Vice President Jusuf Kalla has called for a speedy completion of the development of Tanjungpriok port in Jakarta into an international export-import center and a national transit port.
Sun, 08 Feb 2009
Bali makes $553.8 million in non-oil and gas exports
Andra Wisnu, The Jakarta Post, Denpasar The global financial crisis has not hampered much Bali's non oil and gas exports from growing.Last year the island recorded US$553.8 million (Rp 6.44 trillion) from such exports, up by 9.87 percent from $504.
Sat, 07 Feb 2009
Liquidity clog may ease in 6 months: BI
Bank Indonesia Governor Boediono sees a relief in the global liquidity squeeze within the next six months as terrified investors will eventually resurface after seeking shelter in safe-haven instruments.
Sat, 07 Feb 2009
CPO Ends Week Higher Amid Soybean Concerns
Kuala Lumpur. Palm oil futures completed their first weekly gain in a month on speculation production may be slowing just as drought curbs the supply outlook for rival soybean oil from South America.Palm oil in Kuala Lumpur advanced 5.
Sat, 07 Feb 2009
House Wants Boost in Infrastructure Spending to Ward Off Economic Crisis
The government is considering a boost in infrastructure spending in this year’s fiscal stimulus package, after a House of Representatives’ commission requested it be increased on Thursday. The boost would help the domestic economy mitigate the local impact of the global economic crisis, a...
Sat, 07 Feb 2009
Ritz-Carlton postpones US$65 mln hotel project in Indonesia
Jakarta (ANTARA News/Asia Pulse) - The Ritz-Carlton Hotel Company and the Sahid Group have decided to shelve a resort and hotel project on Bintan island south of Singapore due to the global financial crisis.
Fri, 06 Feb 2009
A Bio-fuel Plant to be Built in Surakarta
TEMPO Interactive, Surakarta:The Technical Faculty of March Eleventh University (UNS) in Surakarta, collaborating with the Research and Technology's Science, Research and Technology Development Agency, will build a bio-fuel (BBN) processing plant in the region.
Fri, 06 Feb 2009
Palm Oil Poised to Gain On Talk of Slower Output
Palm oil futures headed for the first weekly gain in a month on speculation production may be slowing even as demand is sustained during the global recession.The price may be “well supported” at about 1,800 ringgit ($498) a ton on signs of lower output, Penny Yaw, an analyst at Citigroup Inc.
Fri, 06 Feb 2009
New Tax Law Will Mean More Disputes: Lawyers
The Finance Ministry’s tax directorate may face a soaring number of tax disputes in 2009 as the number of taxpayers grows rapidly from the last financial year and a new tax law is imposed, the Tax Lawyers Association warned on Thursday.