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Found 188 articles

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...

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).

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.

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,...

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,...

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.

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...

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...

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...

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.

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.

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...

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...

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.

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...

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.

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.

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.

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.

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...

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.

'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...

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.

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.

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.

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...

Lack of incentives leaves local chocolate industry struggling

the way indonesian chocolate tastes, i expect they would do very well making chocolate starfish.

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.

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...

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.

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.

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...

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.

Furniture companies seek wood certification

more pieces of paper ...

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...

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...

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.

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.