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Fri, 08 Feb 2008
Industrial Court ineffective solving business cases, Apindo says
JAKARTA (JP): Indonesian Employers Association (Apindo) said Wednesday the industrial relations court was ineffective in settling business-related disputes because of a lack of technical guidance.Apindo chairman Sofjan Wanandi said the ineffectiveness started when many essential points regulated in...
Thu, 07 Feb 2008
Fuel Oil Use to be Limited Soon
Wednesday, 06 February, 2008 | 16:24 WIBTEMPO Interactive, Jakarta: The government will soon limit the use of kerosene, “Premium” petrol and diesel oil by using control cards.This was the result of a meeting led by Vice President Jusuf Kalla at the vice presidential office, on Tuesday (5/2).
Thu, 07 Feb 2008
CPO Export Levy Increase Not Effective
Wednesday, 06 February, 2008 | 16:25 WIBTEMPO Interactive, Jakarta: The government’s policy to increase crude palm oil (CPO) export levy up to 25 percent - if international prices go beyond US$1,300 per ton - will not be effective to lower cooking oil price in the domestic market.
Wed, 06 Feb 2008
Investor Briefing on Southeast Asia's New Expanded Special Economic Zone (off Coast of Singapore) to be Held in NYC
(off Coast of Singapore) to be Held in NYC - Feb. 27, 2008 New York, New York - February 1, 2008 - The American Indonesian Chamber of Commerce (AICC) in cooperation with the Province of Riau Islands and the Consulate General of Indonesia in New York invite internationally-focused investors,...
Wed, 06 Feb 2008
Investor Briefing on Southeast Asia's New Expanded Special Economic Zone
(off Coast of Singapore) to be Held in NYC - Feb. 27, 2008 New York, New York - February 1, 2008 - The American Indonesian Chamber of Commerce (AICC) in cooperation with the Province of Riau Islands and the Consulate General of Indonesia in New York invite internationally-focused investors,...
Wed, 06 Feb 2008
Indonesian producers worried CPO tax hike may boomerang on economy
Jakarta (ANTARA News) - Indonesia's latest move to hike the crude palm oil (CPO) export tax rate to a maximum of 25 percent from 10 percent previously could boomerang on the economy and even hurt local CPO producers, industry officials said Tuesday.
Wed, 06 Feb 2008
Another price to pay for the surge commodity prices
Achmad Syafriel, Research AnalystWithout self-sufficiency in food supply, Indonesia may continue to lose out in the midst of a global surge in commodity prices.Over the past two years, prices of soft commodities such as palm oil, soybean, corn and wheat have sky-rocketed and reached historical...
Wed, 06 Feb 2008
Chamber of commerce closes economic advisory committee
The powerful lobbying group the Indonesian Chamber of Commerce and Industry (Kadin) on Tuesday dissolved the high-profile Committee for National Economic Recovery (KPEN).To take over KPEN's duties and a number of other important areas of the economy, Kadin will set up the Committee for the National...
Wed, 06 Feb 2008
Government sets new benchmark price for geothermal power
The government has set the benchmark selling price for geothermal power generated by independent power producers at between 5.9 U.S. cents to 10 cents per kilowatt hour (kwh).Director General of Electricity and Energy Utilization Purwono told The Jakarta Post on Tuesday the calculation of the...
Wed, 06 Feb 2008
Shopping mall leasing price to dip by 30%
Agustina Wayansari, The Jakarta Post, JakartaWith an oversupply of spaces in Greater Jakarta's shopping malls, developers are likely to cut leasing prices by 30 percent over the next two years in order to survive stiff competition in the sector, a property consultant says.
Wed, 06 Feb 2008
Survey shows gloomy SMEs employment growth in Indonesia
The Jakarta Post, JakartaDespite feeling optimistic about their businesses this year, about two-third small and medium-sized enterprises (SMEs) in the country will not add more employees, an HSBC sponsored survey says.
Wed, 06 Feb 2008
Govt cuts joint leave days
Responding to mounting concerns from the public, the government has decided to slash this year's annual collective leave for civil servants from eight to four days.State Minister for Administrative Reforms Taufik Effendi told a media gathering Tuesday that government employees would be given joint...
Wed, 06 Feb 2008
Forecasts blamed for economic weaknesses
In a review of the government's performance in 2007, the Indonesian Chamber of Commerce and Industry (Kadin) says that it is disappointed with the government's economic plans and their implementation.Kadin's economic research team head Faisal Basri said Tuesday that the government had failed to...
Wed, 06 Feb 2008
Indonesia Exports Cars to Japan
Tuesday, 05 February, 2008 | 16:38 WIBTEMPO Interactive, Jakarta: Indonesia will export Daihatsu cars to Japan starting February 14. Toyota Astra Motor Indonesia’s President Director, Johny Darmawan, said that the export target is not only Daihatsu, but also Toyota.
Wed, 06 Feb 2008
Soekarno-Hatta Airport Toll Road to be Elevated Soon
Tuesday, 05 February, 2008 | 15:26 WIBTEMPO Interactive, Jakarta: : PT Jasa Marga Tbk is planning to accelerate elevating and widening the Professor Sedyatmo toll road. The toll road which leads to Soekarno-Hatta Airport that was planned to be reconstructed in the middle of this year will be...
Wed, 06 Feb 2008
Yamaha to lift Indonesian capacity 40 pct via new motorbike plant
Tokyo (ANTARA News/Asia Pulse) - Japan's Yamaha Motor Co. (TSE:7272) plans to bring online a new motorcycle factory in Indonesia this year, seeking to raise capacity in that country by 40 per cent to 3 million to 3.2 million units a year in 2010, The Nikkei learned Monday.
Wed, 06 Feb 2008
Bali wins best exotic destination award from English magazine
London (ANTARA News) - The Island of Bali has received an appreciation as the Best Exotic Destination from the Luxury Travel Magazine handed by editor Alyson Cook to Indonesia, in this case the Indonesian Embassy`s Economic Counsellor Tumpal MH Hutagalung and First Secretary Mayuzar Adamy in London.
Tue, 05 Feb 2008
State firms to establish biodiesel plant in Medan
Novia D. Rulistia, The Jakarta Post, JakartaState-owned plantation firms have jointly set up a consortium for the construction of a biodiesel plant aimed at supporting the government program to develop alternative energy resources.
Tue, 05 Feb 2008
Firms prefer fresh grads as unemployment looms
While the country's unemployment rate remains high, there is a tendency among local companies to recruit fresh graduates over the longer-term unemployed who mainly prefer to open their own small businesses, the Central Statistic Agency (BPS) says."Every year, there are around 2.
Tue, 05 Feb 2008
Govt. to establish export financing agency
The government, in a bid to boost foreign trade, has proposed the establishment of an agency to provide financing, underwriting and insurance for exporters, Asia Pulse reported Monday (28/1/08). The agency, to be called the Indonesian Exports Financing Agency (LPEI), will replace Bank Ekspor...
Tue, 05 Feb 2008
Exports at record, inflation jumps
Indonesia's trade surplus surged to $4.06 billion in December from $2.27 billion the previous month on strong exports, but inflation jumped in January to its highest level for two years, the Central Statistics Agency said Friday (1/2/08). Exports rose to a record $10.86 billion from $9.
Tue, 05 Feb 2008
'Grand design' for regional map: Ministry
The government is finalizing a 'grand design' for Indonesia’s regional subdivisions that should be completed this year, Home Affairs Ministry spokesman Saut Situmorang said on Thursday (31/1/08). The grand design, said Situmorang, would determine the ideal number of provinces and regencies for...
Tue, 05 Feb 2008
Govt introduces new CPO export tax benchmarks
JAKARTA (JP): The government has issued a new progressive tax regulation on crude palm oil (CPO) and its derivative products, implementing three main benchmarks based on the Rotterdam commodity market prices on CPO.
Tue, 05 Feb 2008
Govt issues ruling on interconnection tariff reduction
Jakarta (ANTARA News) - The Indonesian government on Monday issued a regulation on the reduction of interconnection tariffs which is expected to lower retail telecommunication rates."Interconnection tariffs are one of the three price components in retail telecommunication rates.
Mon, 04 Feb 2008
Lack of incentives leaves local chocolate industry struggling
If you like dark chocolate which is considered a health food by some people, then the best deal in the country is not in the candy section of the supermarket but in the *cooking* section.There you can buy 2 brands of local, dark, unmixed cooking chocolate.
Mon, 04 Feb 2008
Rising China and the implications for SE Asia
China started to focus on economic and military modernization programs in the late 1970s. This modernization has elevated China's profile at both the regional and global levels.The rise of China can be seen since the launch of the Fourth Modernization program in 1978, and specifically in the late...
Mon, 04 Feb 2008
Lack of incentives leaves local chocolate industry struggling
the way indonesian chocolate tastes, i expect they would do very well making chocolate starfish.
Mon, 04 Feb 2008
Lack of incentives leaves local chocolate industry struggling
Novia D. Rulistia, The Jakarta Post, JakartaSilver Queen and Beng Beng are among the few locally produced chocolate bars that have gained any kind of following with Indonesians, while other local brands have ceased to exist or struggle simply to survive.
Mon, 04 Feb 2008
Trade deficit with China blows out
The trade deficit with China in the non-oil and gas sector skyrocketed by more than 3500 percent from US$35 million in 2006 to $1.28 billion last year, the Central Statistics Agency says.In its latest report, the agency also shows that China emerged as Indonesia's biggest import origin for non-oil...
Mon, 04 Feb 2008
RI`s exports up 19 pct to $113 B
Jakarta (ANTARA News) - Indonesia`s exports in 2007 grew by 13.09 percent to US$113.99 billion from a year earlier, the Central Bureau of Statistics (BPS) said Friday.Non-oil/non-gas exports grew by 15.51 percent to US$91.94 billion, outstripping the government-set export growth target of 14.
Mon, 04 Feb 2008
Stable to positive outlook for Indonesian coal producers in 2008 - Fitch
Mumbai (ANTARA News) - Fitch Ratings said it expects the outlook for Indonesian coal producers to remain stable to positive in 2008 on the back of strong global coal demand, the country's ability to increase export volume, and relatively high but stable price.
Mon, 04 Feb 2008
New formula to bring mobile phone bills down
The Jakarta Post, JakartaThe government is set to introduce a new tariff formula for the mobile phone industry that will reduce tariffs between operators by 10 to 30 percent, an official said."The interconnection tariff is expected to be announced on Monday, and implemented on April 1," Indonesian...
Sun, 03 Feb 2008
Export growth below target in 2007
JAKARTA (JP): The country's total exports grew by 13.09 percent in 2007, a figure which was below the government's target of 14.5 percent, said the latest report from the Central Statistics Agency (BPS).The BPS report issued Friday shows exports reached a total value of US$113.99 billion last year.
Fri, 01 Feb 2008
Furniture companies seek wood certification
The government and furniture associations have begun to promote wood certification in response to a movement among many global buyers to procure products derived only from legally cut logs."Recently, we received massive orders for window and doorframes from abroad and we had difficulty in finding...
Fri, 01 Feb 2008
RI`s cellular phone subscribers grow 51 pct
Jakarta (ANTARA News) - The number of cellular phone subscribers in Indonesia in 2007 rose 51 percent to 96.41 million from a year earlier, a minister said."The increase in the number of cellular phone and FWA (fixed wireless access) subscribers indicates that Indonesia has made remarkable...
Fri, 01 Feb 2008
Lapan to develop second satellite
JAKARTA (JP): After successfully launching its LAPAN-TUBSAT satellite last year, the National Aeronautics and Space Agency (Lapan) is preparing to construct a second generation version of the earth surveillance satellite for orbit in 2010.
Fri, 01 Feb 2008
More incentives sought to stabilize food prices
Businesspeople grouped in the Indonesian Chamber of Commerce and Industry (Kadin) called on the government to act to help stabilize the soaring prices of staple foods."We want the government to provide free fiscal, zero import tax and drop the value-added tax for staple foods," Kadin chairman M.