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Mon, 26 Mar 2007
Carrefour to Open 10 New Hypermarkets
Carrefour, the largest hypermarket operator in the country, plans an additional investment of $207 million to open 10 new outlets in 10 provincial capitals in the country.The French retailer, which already has 29 outlets in eight other provincial cities, has secured the license from the government...
Mon, 26 Mar 2007
Policy Priority to 10 Major Export Earners
The government, bankers and business leaders agreed in a meeting Thursday (22/3/07) to give priority to financing expansion of 10 major industrial sectors to boost exports, Antara reported.The sectors - textile, rubber, rubber goods, electronic, automotive component, forest product, crude palm oil,...
Mon, 26 Mar 2007
Investment in Auto Sector Tipped to Surge
The government predicts the nation's automotive industry will boom this year and in 2008. In the first quarter of 2007, investment in the automotive sector has already reached $173 million, said Budi Dharmadi, Director General of Transport Equipment and Information Technology Industry, Antara...
Mon, 26 Mar 2007
KLK to Expand Plantation Land Bank
Palm oil producer Kuala Lumpur Kepong Bhd (KLK) plans to expand its plantation land bank by another 50,000 hectares to 250,000 hectares, preferably by investing in green field projects in Indonesia, Malaysia’s New Straits Times reported on Friday (23/3/07).
Mon, 26 Mar 2007
Investment Bill to Plenary
A new investment bill will go to a plenary of the House of Representatives on Thursday (29/3/07) after being approved by a special committee.Irmadi Lubis, a member of the House special commission preparing the bill, said the legislation is needed to attract foreign investment to spur economic...
Mon, 26 Mar 2007
Investment Law to Pass
The new investment law will be put to a plenary session of the House of Representatives on Thursday (29/3/07) after being approved by a special working committee.The long-awaited bill provides tax incentives for new investors and existing operations that want to expand.
Mon, 26 Mar 2007
BRI will not abandon micro, small and medium enterprises
Jakarta (ANTARA News) - State-run Bank Rakyat Indonesia (BRI) will not abandon the micro, small and medium enterprises sector, although it has entered the infrastructure sector and provides corporate credits, a director has said.
Mon, 26 Mar 2007
Foreign investors may own properties in Indonesia
Jakarta (ANTARA News) - The government is proposing a regulation to be included in the draft bill on investment which would allow foreign buinesses to own properties if they make direct investments in Indonesia.
Sat, 24 Mar 2007
Govt easing procedures of doing business in densely-indutrialized areas
Quote:Under the present procedure, a foreign investor needed 97 days to start a business in the country and the government had been trying to reduce the period to 23 days, he said.yeah, right.
Sat, 24 Mar 2007
Govt easing procedures of doing business in densely-indutrialized areas
Jakarta (ANTARA News) - The Indonesian government is trying to loosen six procedures for doing businesses in the country`s eight densely-industrialized regions to raise its investment privilege rating to 75th in 2008 from 135th in 2006, an official said.
Sat, 24 Mar 2007
RI expected to gain sugar self-sufficiency in 2009
Surabaya (ANTARA News) - Indonesia will be able to gain self-sufficiency in sugar by 2009 with national sugar production by then projected to reach around 3 million tons, an official said on Friday."Indonesia has very great potentials to gain sugar self-sufficiency.
Sat, 24 Mar 2007
9.7 million bank accounts closed or emptied in three months, says official
Urip Hudiono and Yuli Tri Suwarni, The Jakarta Post, BandungSome 9.7 million bank accounts have in the past three months been closed or been emptied of funds, the National Development Agency (Bappenas) has found, raising alarm bells for the country's banking sector and the economy as a whole.
Sat, 24 Mar 2007
Capital Investment Draft Bill Approved
TEMPO Interactive, Jakarta: The government as well as Industry and Trading Commission at the House of Representatives (DPR) have agreed to propose the Draft Bill on Capital Investment to the Plenary Session next week.
Sat, 24 Mar 2007
Entrepreneurs Pessimistic about Reaching Export Target
TEMPO Interactive, Jakarta: Entrepreneurs have stated that they are pessimistic of being able to meet the target of non-oil and gas export growth this year of 20 percent. They have argued that export growth requires an increase in domestic investment.“Although the target is only 14.
Sat, 24 Mar 2007
NGO sues NEWMONT!
They have already withdrawn the civil lawsuit. maybe because they knew they wouldn't win without corrupt support? Nobody actually "sees" Buyat Bay, so assume that it may well be polluted. However, there was a tourist promo in the JP last year claiming how "beautiful" buyat is.
Fri, 23 Mar 2007
NGO sues NEWMONT!
Indonesian NGO sues Newmont over alleged Buyat Bay pollution22-March-2007 - MinewebMineweb -- 22 March 2007Indonesian NGO sues Newmont over alleged Buyat Bay pollutionAuthor: Dorothy Kosich, Posted: Thursday , 22 Mar 2007PT Newmont Minahasa Raya now faces a civil lawsuit brought by an Indonesian...
Fri, 23 Mar 2007
Indofood books record sales growth in 2006
The world's largest instant noodle producer, PT Indofood Sukses Makmur, reported record sales growth in 2006, which the company attributed in part to improved marketing strategies.President director and CEO Anthoni Salim said that consolidated net sales rose by about 17 percent to Rp 21.
Fri, 23 Mar 2007
High-powered Korean delegation to visit RI
A high-powered South Korean delegation will meet Indonesian government and business representatives next month to follow up on an economic cooperation pact signed last December, an official from South Korea's Commerce Ministry says.
Fri, 23 Mar 2007
Govt may exempt power projects from tendering
The government is considering exempting a number of planned power plant projects from lengthy tender processes by applying the much faster direct appointment mechanism instead.Energy and Mineral Resources Minister Purnomo Yusgiantoro said during a seminar on power-plant procurement mechanisms...
Fri, 23 Mar 2007
House agrees on investment bill with major changes
watch the bureaucrats sabotage this ...
Fri, 23 Mar 2007
House agrees on investment bill with major changes
A working committee of the House Representative has finally concluded the prolonged debate on the investment bill, which is now expected to be endorsed by a House plenary session scheduled for March 29.
Fri, 23 Mar 2007
RI`s rubber output projected at 2.4 M tons in 2007
Jakarta (ANTARA News) - Indonesia, the world`s second largest natural rubber producer, is expected to produce 2.4 million tons of rubber this year compared to 2 million tons in 2004, an official said.Indonesia whose rubber plantations cover an area of around 3 million hectares saw a 5-7 percent...
Fri, 23 Mar 2007
President believes RI could be one of world`s five biggest economic power
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono is optimistic that Indonesia would be included in the group of five biggest economic powers in the world by 2030, if all the country`s omponents were cooperating in the management of natural resources and settle the problems facing the...
Thu, 22 Mar 2007
Miners issue 'white paper' against draft mining law
Dump every other regulation, law or decree and return to the spirit of the 1967 Investment Law!
Thu, 22 Mar 2007
Hutchison to start services soon
The Indonesian unit of Hong Kong-based telecommunications giant Hutchison Telecommunications International Ltd. announced Wednesday the successful completion of the company's 2G and 3G user trials.The company said that the completion of the trials, with threshold levels defined for all key network...
Thu, 22 Mar 2007
Bakrie Telecom books first profit
Publicly listed Bakrie Telecom (BTEL), a subsidiary of Bakrie and Brothers, reported net revenues Wednesday of Rp 607.9 billion (US$67.7 million) for 2006, a 149.4 percent increase from Rp 243.7 billion in 2005.
Thu, 22 Mar 2007
Mobile-8 to merge with three CDMA-based cellular phone operators
Jakarta (ANTARA News) - Cellular telephone operator PT Mobile-8 (FREN) will form a merger with its subsidiaries PT Metro Selular Nusantara (Metrosel), PT Komunikasi Selular Indonesia (Komselindo) and PT Telekomindo Selular Raya (Telesera), a report said.
Thu, 22 Mar 2007
Thousands of Companies not Registered with Jamsostek
TEMPO Interactive, Jakarta: Suwito Ardiyanto, Director General of Manpower Monitoring Development at the Manpower and Transmigration Department, has said that out of the 95.6 million workers in Indonesia, only 28, 7999,207 are registered as members of the Manpower Social Security (Jamsostek)...
Thu, 22 Mar 2007
Miners issue 'white paper' against draft mining law
I am reminded once again of S.P. Huntington's "Clash of Civilizations". Even though he doesn't consider Indonesia or SEAsia a 'civilization' -- more an offshoot of Chinese or Arab -- it still applies. In the 80s and 90s, many American "nationalists" were going ballistic over the Japanese investing...
Thu, 22 Mar 2007
Miners issue 'white paper' against draft mining law
Major mining companies issued a `white paper' Tuesday, calling on the government to retain the Contract of Work (CoW) system under the proposed new mining law if it wanted to avoid creating a major impediment to new investment.
Wed, 21 Mar 2007
Kalimantan-Java Gas Pipeline Project to be Reviewed
TEMPO Interactive, Jakarta: Tubagus Haryono, Head of the Oil and Gas Downstream Supervisory Body (BPH Migas), has said that the status of the Bakrie Brothers as the holder of special rights for the gas pipeline project between East Kalimantan and Central Java will be reviewed.
Wed, 21 Mar 2007
Telekom Malaysia to boost investments in Indonesia, India
KUALA LUMPUR (AP): Telekom Malaysia Bhd., the country's main telecommunications company, plans to increase investments in Indonesia and India, but has no plans to expand in Bangladesh, its chief executive said Wednesday.About half of the 4.9 billion ringgit (US$1.
Wed, 21 Mar 2007
S'pore apartment developer eyeing Indonesia
Singaporean property developer Chyau Fwu Group (CFG) is targeting Indonesian buyers for its latest development on the back of figures showing that Indonesian's account for about 33 percent of overseas property purchasers in Singapore.
Wed, 21 Mar 2007
Govt expects higher growth next year despite doubts
The government is forecasting higher growth of 6.6 percent next year, despite renewed doubts over the achieving of this year's growth target."The figure for next year is still a preliminary one," Finance Minister Sri Mulyani Indrawati said Tuesday after a Cabinet meeting to discuss the government's...
Wed, 21 Mar 2007
Further progress in talks to develop Sabang with Dublin Port
Banda Aceh (ANTARA News) - The Sabang Area Management Agency (BPKS) and Dubln Port company of Ireland have made further progress in their negotiations to set up a joint venture company to develop and manage Sabang as a free port, a BKPS spokesman said.
Wed, 21 Mar 2007
President Yudhoyono fills out yearly tax assesment
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono and First Lady Ani Yudhoyono went to the office of the Directorate General of Tax Affairs on Gatot Subroto street to fill out yearly tax assessment (SPT) on Wednesday.
Tue, 20 Mar 2007
House, govt meet to discuss key bill
As the deadline for the passage of the investment bill draws near, members of House of Representatives' Commission VI and government representatives in charge of steering the bill through the House held an informal meeting Monday evening to hammer out an agreement on the remaining points of...
Tue, 20 Mar 2007
How can marketers respond to a more conservative Indonesia?
If conservative values aren't making way for more liberal views in this young democracy, how should marketers, media owners, media buyers and advertising agencies respond? That's a question I've been asked by many these last few weeks.
Tue, 20 Mar 2007
Brazil, Indonesia To Sign Ethanol Agreement
so much buzz around ethanol as an alternative fuel. As a result of this push toward ethanol production, we're seeing the higher prices of food such as cereal, drinks (fructose), etc. I heard about this bush-like plant in Africa that is supposed produce oil.
Tue, 20 Mar 2007
Brazil, Indonesia To Sign Ethanol Agreement
Brazil signed an ethanol agreement with Indonesia on Thursday (15/3/07), Brazilian daily O Estado de Sao Paulo reported.In the near future, Indonesia is expected to receive $12 billion investments from international companies to develop its ethanol production.
Tue, 20 Mar 2007
PLN Seeks Kalimantan Hydro Partners
State-owned power firm PT PLN is seeking a partnership with private investors to build a 250- MW hydro power plant in South Kalimantan."We are trying to figure out what kind of financial options are suitable for this project," PLN business unit oversight and civil engineering head Kabul Sutijono...
Tue, 20 Mar 2007
BCA Eyes 50% Consumer Loan Growth
Bank Central Asia (BCA), the country’s second largest lender, aims to boost its consumer loans by 50% to Rp13.5 trillion ($1.47 billion) by the end of 2007 from Rp9 trillion last year, Bisnis Indonesia reported on Monday (12/3/07).
Tue, 20 Mar 2007
Faster Recovery Predicted for Car Market
The automotive industry predicted a sharp increase in car sales starting this month with improved macroeconomic conditions and purchasing power.The Association of Motor Vehicle Manufacturers (Gaikindo) said car sales are forecast to reach 30,000 units in March, bringing total sales to 80,598 units...
Tue, 20 Mar 2007
Telkom, SingTel Team Up on Global Data
State-owned telecommunications company PT Telkom said it will team up with Singapore Telecommunications Ltd (SingTel) to expand coverage of its global data communications services.Telkom and SingTel target to dominate the Asian market with a capitalization of $500 million, Telkom executive general...
Tue, 20 Mar 2007
Indonesia, Malaysia Look to Commodities Bourse
Indonesia and Malaysia may establish a joint commodities bourse to sell crude palm oil and natural rubber, The Jakarta Post reported on March 10.The report said Vice President Jusuf Kalla had told a meeting in Jakarta between officials of the Malaysian and Indonesian chambers of commerce that a...
Tue, 20 Mar 2007
Fisheries Sector Wins Investment
A total of 13 overseas companies from China, Thailand and Australia are to invest a total of $120.5 million in fishing and fish processing ventures around the country, an official from the Maritime Affairs and Fisheries Ministry says, The Jakarta Post reported.
Tue, 20 Mar 2007
Investment Bill to Pass Soon
The House of Representatives is expected to pass the long-awaited new investment bill that will offer tax and duty incentives to both local and foreign investors.The government has agreed in principle that incentives can be offered not only to new investors, but also to those who expand their...
Tue, 20 Mar 2007
Agency Offers Disaster-Free Land Map Service
Data packages containing information on disaster-free regions in Indonesia will be made available through a service provided by the National Coordinating Agency for Land Survey and Mapping (Bakosurtanal).
Tue, 20 Mar 2007
Saratoga to invest in CPO business in Papua and Kalimantan
Jakarta (ANTARA News) - PT. Saratoga Investama Sedaya owned by national businessman Sandiaga S. Uno, is planning to invest in crude palm oil (CPO) business in Papua and Kalimantan."We are allocating around 10-20 percent out of our total investment this year (for the CPO business)," Sandiaga said...
Tue, 20 Mar 2007
Corrupted pipe dreams in Indonesia
JAKARTA -The opening of a new US$1.1 billion gas pipeline would appear to mark a rejuvenation of Indonesia's until now woefully inefficient natural-gas sector and boost the fortunes of publicly listed, majority state-owned gas-distribution company PT Perusahaan Gas Negara (PGN).