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Thu, 19 Mar 2009
Honda to make minivan in Indonesia
What an ironic name given that Jakartan drivers of the "Freed" will instead be trapping themselves in a little metal tin for up to a fifth of their waking lives.
Thu, 19 Mar 2009
Honda to make minivan in Indonesia
Hmm -- I wonder what they will price this little beast at? I wonder if it will be around the same price as the APV? If it is then I may think about a little swap
Thu, 19 Mar 2009
Government May Drop Taxes To Spur Refinery Construction
Indonesia, Southeast Asia’s biggest oil importer, is searching for ways to persuade investors to build oil refineries to process the country’s crude supplies, including cutting taxes to zero on construction inputs and income, Energy Minister Purnomo Yusgiantoro said on Wednesday.
Thu, 19 Mar 2009
Govt to require civil servants to use domestic products
Jakarta (ANTARA News) - The Indonesian government will soon make it obligatory for civil servants, military and police personnel to use domestic products in an effort to improve the performance of national industries.
Thu, 19 Mar 2009
Mari Pangestu: automotive exports hit hardest
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said Indonesia`s automotive exports had been hit by the current global economic crisis."Exposure of the electronic industry is not too big. Automotive exports will likely be hit the hardest.
Thu, 19 Mar 2009
Dark times in taxation sector now over, president says
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono asked all sides to let the dark times of taxation in the past be bygones and to enter an era where taxation is managed through a modern administration system.
Thu, 19 Mar 2009
Honda to make minivan in Indonesia
Japan’s second-largest automaker Honda Motor will make and sell the Freed minivan in Indonesia from June, the model’s first overseas foray, Bloomberg reported.The company also plans to export the Freed from Indonesia to other countries in Southeast Asia by the end of this year, Honda said...
Thu, 19 Mar 2009
Hutchison to build 3,000 new BTS units
PT Hutchison CP Telecom (HCPT) Indonesia plans to build 3,000 new units of base transceiver station (BTS) bringing the number of its BTS to 9,000 units by the end of this year, Investor Daily reported Saturday.
Thu, 19 Mar 2009
Obama, Yudhoyono discuss economic crisis
you can just imagine the conversation can't you?SBY: Well we are a poor country and need lots of money to ensure we can continue to be a "moderate" muslim nation. Obama: How much do you needSBY: How much have you got?
Thu, 19 Mar 2009
Biznet to invest Rp300B in fiber optics
An internet service provider and operator of fiber optic networks Biznet Network said it will invest up to Rp300 billion to build new fiber optic networks in the country this year.Biznet President Adi Kusma said the company will build a total of 500 km of fiber optic networks in Jakarta, Surabaya...
Thu, 19 Mar 2009
Sinar Mas to build new cooking oil factory
Sinar Mas Group said it will have a new cooking oil factory to start operation in Bekasi in July this year with a capacity to produce 1,000 tons per day, Bisnis Indonesia reported Friday.The new factory will increase the daily production capacity of Sinar Mas to 3,200 tons of cooking oil with crude...
Thu, 19 Mar 2009
Semen Tonasa to build fifth cement plant
Cement producer PT Semen Tonasa will start construction of its fifth production facility with an annual production capacity of 2.3 million tons in April, Investor Daily reported on Tuesday.The subsidiary of state cement producer PT Semen Gresik now has four factories.
Thu, 19 Mar 2009
Obama, Yudhoyono discuss economic crisis
US President Barack Obama on Friday spoke to President Susilo Bambang Yudhoyono about the global economic crisis, underscoring warming relations between the two countries.Few details of the telephone call were released but Indonesia recently asked US Secretary of State Hillary Clinton for stand-by...
Wed, 18 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Actually It started with and then ran with it the next day (i think). The correction was in the business section
Wed, 18 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Originally Posted By: Piss SalonThey've bailed. Alwi Shihab is scrambling to cover his arse.That story certainly caused one or two ripples. It looks like they complained to the Globe, eh? Did anyone's globes get clamped in the vice as a result?
Wed, 18 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Originally Posted By: Piss SalonOriginally Posted By: Roy's Hair , always first with the hard hitting news... I'm claiming this one. Ah yes OK then. fail
Wed, 18 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Originally Posted By: KuKuKaChuNeither Emaar Indonesia nor its parent company have made an announcement that they are quitting Indonesia.We regret the error. fail?
Wed, 18 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
From The Jakarta GlobeGovernment Insists Lombok Deal Not Deadby Janeman LatulHigh-ranking Indonesian government officials and Emaar International PJSC have denied that the Dubai-based development company has killed its massive $600 million project to turn a major portion of Lombok Island into...
Wed, 18 Mar 2009
Down, sale of car, motorcycle parts and equipment
Medan, N Sumatra (ANTARA News) - The sale of car and motorcycle parts and equipment in Indonesia has dropped very sharply along with the drop in the sale of motor vehicles by 23 percent in January."Car and motorcycle equipment sales are hindered by illegally imported products in the...
Tue, 17 Mar 2009
Retailers accept new rules
Retailers have agreed to comply with a new regulation that puts limits on listing fees and trading terms that retailers may charge suppliers.Despite its compliance, the Indonesian Association of Retailers (Aprindo) said the regulation would hurt its profit margin even more during these adverse...
Tue, 17 Mar 2009
Rattan craftsmen greet Mari with protests
In an ironic twist during her campaign for the development of creative industries, Trade Minister Mari Elka Pangestu was met Sunday with protests during her visit to a center of creative industry in Cirebon, West Java.
Tue, 17 Mar 2009
Indonesia must boost palm yields to save forests
JAKARTA (Reuters) - Indonesia needs to squeeze far higher yields from existing palm oil plantations rather than open up more land in a country with some of the world's swiftest deforestation, a Greenpeace official said on Monday.
Mon, 16 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Virtually all of this airport project has been run out of Jakarta. The NTB provincial govt and Central Lombok regency are really small fish. I don't doubt that they had their hand out for both the airport and the Emaar project, but they don't hold much power on these big projects.
Mon, 16 Mar 2009
Furniture Entrepreneurs Disappointed at Government’s Lack of Support
TEMPO Interactive, Jakarta:Businessmen from the Indonesian Furniture and Handicraft Industry Association are greatly disappointed at the lack of government support in promoting and marketing furniture products.
Mon, 16 Mar 2009
Five New Mining Regulations to be Issued in 2010
TEMPO Interactive, Jakarta:Mineral, Coal, and Geothermal director-general, Bambang Setiawan, is aiming to produce five drafts on 28 guidelines to complement the Mineral and Coal Law by 2010. He said the drafts cover mining areas, mineral and coal businesses, mining regulations and supervision, as...
Mon, 16 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
“Corruption in international megaprojects is commonplace in our country, especially on the part of local government officials,” he said. “Middle Eastern investors will have a problem with that.”Although that wasn't BAE's experience in Saudi?
Mon, 16 Mar 2009
Bali Property Ownership by Foreigners
Thanks K3C, understood and thanks again for a very timely post. This stuff is all pretty confusing for non legal types. It's already taken me months to get to some level of understanding and I still can't decide what to do! I guess I am still concerned about being separated from my hard-earned cash!
Mon, 16 Mar 2009
Bali Property Ownership by Foreigners
Originally Posted By: chewwyUKwhat is happening to the revision that will allow foreign ownership of property?? nothing. that's just the usual annual beat-up from the english language media. you may quote me: "it won't happen"what *may* happen, at some time in the future, is that...
Mon, 16 Mar 2009
Bali Property Ownership by Foreigners
what is happening to the revision that will allow foreign ownership of property??
Mon, 16 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Nice one. An important story wihich our "Elites" will now try to explain away as being due to Emaars own financial problems? In fact that's already starting I see. After all, it never is the fault of anyone in Indonesia, is it!
Mon, 16 Mar 2009
Bali Property Ownership by Foreigners
Originally Posted By: DontpanicAny Company, Indonesian or foreign capital, can only own land with HGB title. correct. this is direct ownership, where the land title is in the name of the company. this is generally the preferred option for long-term ownership.
Mon, 16 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
The Jakarta Post doesn't seem to covering any of this?
Mon, 16 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Janeman LatulEmaar: Just the Start?The announcement that Dubai’s state-owned Emaar Properties PJSC has pulled the plug on a $600 million property project on Lombok Island may be a signal of worse to come, business players and analysts said on Sunday .
Mon, 16 Mar 2009
Bali Property Ownership by Foreigners
Thanks for the clarification but now I'm even more confused. Any Company, Indonesian or foreign capital, can only own land with HGB title. You suggested in an earlier post that a PMA should become the beneficial owner in a nominee structure.
Mon, 16 Mar 2009
Bali Property Ownership by Foreigners
"HGB atas Hak Milik"?! i dont think so! that is compeltely impossible.you may mean "Hak Pakai atas Hak Milik", which is very common in bali, and not very useful, in my opinion. it's really no more than a long term lease.
Mon, 16 Mar 2009
Bali Property Ownership by Foreigners
Thanks for that, very helpful as I'm in the process of trying to secure a small pied a terre in Bali at present. As this was explained to me by my lawyer in Jakarta, it was very common in Bali until recently to set up a PMA with the sole intention of buying a property.
Mon, 16 Mar 2009
Plantation industry aims big despite economic crisis
The Jakarta Post, Bogor, West Java Betting on higher prices for top commodities and the emergence of new markets, the country’s plantation industry is seeking to buck the trend and expects export values this year to increase by 16 percent.
Mon, 16 Mar 2009
Govt gears up to limit free trade deal adversities
The Agriculture Ministry has proposed Rp 145 billion (US$12.18 million) this year from the stimulus package to boost the competitiveness of the country’s meat, milk and dairy businesses against foreign competitors, ministry officials said Saturday. (JP/J.
Mon, 16 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Most of the funding (about 75%) for the Lombok International Airport is (supposed to be) coming from Angkasa Pura (the state-owned firm that runs airports) and the rest from the NTB provincial govt and Central Lombok regional govt.
Mon, 16 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
To be known as the "Bridge to nowhere" International airport, conveniently located 2 hours away from existing tourism infrastructure in Senggigi?The commissions for the boys on this project must have been really juicy?In terms of ROI, wouldn't the completion of the Jakarta our ring road,...
Mon, 16 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Originally Posted By: Jungle GeorgeWrong, the airport was started before Emaar entered the pictureThe whole Emaar development area is just a takeover of the area previously held by Bambang Tri's LTDC, which had been doing its land grabbing and development planning since before the new airport was...
Mon, 16 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Well we'll see. It looked to be well under construction when I passed it at Xmas. However, economic depression and all that. Work may well grind to a halt. Not much point building it if the Ay-rab resorts don't materialise is there?
Mon, 16 Mar 2009
Bali Property Ownership by Foreigners
Originally Posted By: chewwyUK"Rainy Hendriany: The legal options remain largely unchanged except that the route of ownership of a single residential property investment via a foreign-investment or PMA company many no longer be available"Any comments kuku?? this is only partially true in...
Mon, 16 Mar 2009
Bali Property Ownership by Foreigners
"Rainy Hendriany: The legal options remain largely unchanged except that the route of ownership of a single residential property investment via a foreign-investment or PMA company many no longer be available"Any comments kuku??
Sun, 15 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Wrong, the airport was started before Emaar entered the picture - and right now it is about half completed. I'd give it another 2 years before its close to being operational. But the terminal and runway are both seriously under construction.
Sun, 15 Mar 2009
Bali Property Ownership by Foreigners
Interview: Balidiscovery.com Gets an Update on Foreign Land Ownership Rules from Sanur-Based Notary Rainy Hendriany.(12/26/2008) 15 months after an initial overview of the rules affecting foreign property ownership in Indonesia and Bali, Sanur-based notary Rainy Hendriany recently made time from...
Sun, 15 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
, always first with the hard hitting news...
Sun, 15 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
I think two Jakchat members were heavily involved in breaking this story.
Sun, 15 Mar 2009
New Idea to Boost Economy: Should Police Wear Batik? The Minister of Industry is sticking to his gu
Originally Posted By: VulgarianChrist, your standards are low. That's rich coming from you.
Sat, 14 Mar 2009
New Idea to Boost Economy: Should Police Wear Batik? The Minister of Industry is sticking to his gu
Originally Posted By: Polisi CepekI know this doesn't countQuite. I was hoping for this sort of thing: