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Wed, 24 Mar 2010
Shoe makers expect hefty increase in exports this year
A big increase in exports is expected for Indonesian footwear firms this year, with a projected surge in orders from EU and non-traditional markets, a shoe producers’ association spokesman has said.Indonesian Footwear Industry Association (Aprisindo) secretary-general Binsar Marpaung said...
Wed, 24 Mar 2010
Even Indonesian Sigmunds a Western Capitalist Conspiracy
Quoting: Om PongEka Ginanjar, an internist from Cipto Mangunkusumo Hospital, said Western-style toilets were more unnatural than traditional conveyances because they caused more pressure to the rectal area. I hear this repeated every few years. all I can say is "crap".it just aint true.
Wed, 24 Mar 2010
Even Indonesian Sigmunds a Western Capitalist Conspiracy
Indonesian Hemorrhoid Increase Blamed on Western ToiletsThe recent development of using sitting toilets rather than squat commodes was increasing the incidence of hemorrhoids among Indonesians, a doctor said on Tuesday.
Wed, 24 Mar 2010
Liquor free from luxury sales tax starting April 1
the jezabel! we've been betrayed!!Cheers to Jeers: Indonesia Trades One Alcohol Tax for Anotherby Irvan TisnabudiJust over a week after the country’s producers of alcoholic beverages applauded the government’s move to scrap the luxury tax on their products from April, they are now indignant...
Wed, 24 Mar 2010
Indonesia, Hong Kong sign double-taxation avoidance accord
From TempoIndonesia Signs Tax reduction Deal With Hong KongTEMPO Interactive, Jakarta: Indonesian government and China's Special Administrative Region Hong Kong have signed a tax agreement in Jakarta on Tuesday (23/3), which would cut taxes on revenue from investments by up to 15 percent.
Wed, 24 Mar 2010
Indonesia textile exports expected to grow 12 pct
Jakarta (ANTARA News) - Indonesia expects its textile and textile product exports to rise by 12 percent to between US$10.5 billion and US$10.6 billion this year after dropping by eight percent last year.
Wed, 24 Mar 2010
Indonesia, Hong Kong sign double-taxation avoidance accord
Jakarta (ANTARA News) - Indonesia and Hong Kong signed an agreement on avoidance of double taxation (P3B) here on Tuesday to provide fiscal certainty and stability.The agreement was signed by Indonesia`s Finance Minister Sri Mulyani and the finance secretary of China`s Hong Kong Special...
Tue, 23 Mar 2010
Five oil palm plantation, industries production worth Rp953.2 billion
Jakarta (ANTARA News) -- The Capital Investment Coordinating Agency (BKPM) said five companies which in the January-February 2010 period have made an investment in oil palm plantations and palm oil industry are ready for production worth Rp953.2 billion.
Tue, 23 Mar 2010
World Bank Helps Indonesia Increase Geothermal Energy
The World Bank has announced $400 million to help double Indonesia's geothermal energy capacity, part of a broad effort at the bank to ramp up climate change spending in the developing world.Indonesian leaders estimate the country has about 28,100 megawatts of geothermal capacity -- the equivalent...
Tue, 23 Mar 2010
Indonesia: An expanding market for insurance companies
Having weathered the impact of the international financial crisis, the insurance industry expects steady growth in 2010. However, the landscape is shifting more quickly as some players look to boost their presence in the undervalued market, liberalization takes effect and the emergent Islamic...
Tue, 23 Mar 2010
Govt expects to remove electricity subsidy by 2014
The government expects to remove the electricity subsidy completely by as early as 2014 so that it will have more funds available to fight poverty and improve healthcare directly for the poor, a minister has said..
Tue, 23 Mar 2010
Economic Growth Target of 6.3 Percent in 2011
TEMPO Interactive, Jakarta:The government has made 2011 as the year of economic growth acceleration.In that year, economic growth is predicted to reach between 6 and 6.3 percent of gross domestic product, an increase compared to the 2010 targetof around 5.5 percent.
Tue, 23 Mar 2010
Tourism to grow by six percent
Jakarta (ANTARA News) - The United Nations-World Tourism Organization (UN-WTO) has predicted that the tourism sector in Indonesia this year would grow by six percent."According UN-WTO Secretary General Thaleb Rifai, the Indonesian tourism sector would grow by six percent or three points above...
Tue, 23 Mar 2010
Tourism to grow by six percent
Jakarta (ANTARA News) - The United Nations-World Tourism Organization (UN-WTO) has predicted that the tourism sector in Indonesia this year would grow by six percent."According UN-WTO Secretary General Thaleb Rifai, the Indonesian tourism sector would grow by six percent or three points above...
Tue, 23 Mar 2010
RI seen as conducive place for investment : minister
Jakarta (ANTARA News) - Chief Economic Minister Hatta Rajasa said Indonesia is still considered conducive for investment by foreign investors."Foreign investors still regard Indonesia as a conducive place for investment in portfolio, real sector as well as manufacturing.
Tue, 23 Mar 2010
Duty-free facility for imported electronic components
Jakarta (ANTARA News) - The government is providing a duty-free facility for imported goods and materials for the production of electronic components this year.To improve the competitive edge of the domestic electronic component industry the government had set a budget ceiling of Rp150 billion to...
Tue, 23 Mar 2010
Five oil palm plantation, industries production worth Rp953.2 billion
Jakarta (ANTARA News) -- The Capital Investment Coordinating Agency (BKPM) said five companies which in the January-February 2010 period have made an investment in oil palm plantations and palm oil industry are ready for production worth Rp953.2 billion.
Mon, 22 Mar 2010
US-RI partnership likely be signed despite Obama absence
Jakarta will look into the possibility of signing a cooperation agreement with the US before a state visit by President Barack Obama to Indonesia in June following the postponement of his Asia trip, the foreign minister said Friday.
Mon, 22 Mar 2010
US investment unaffected by Obama’s delayed trip to RI
The government has expressed guarded optimism that United States investment in the country will not be affected by a delay of US President Barack Obama's visit to Indonesia.Coordinating Minister for the Economy Hatta Rajasa told Antara on Friday American private companies had so far shown...
Mon, 22 Mar 2010
Foreign tourists stay shorter in Bali
Foreign tourists stayed in Bali for an average 8.75 days each last year, down from 13.6 days each in the previous year, an official says.As consequence of the shorter stay, each foreign tourist spent only US$136.
Mon, 22 Mar 2010
BKPM chief backs down, telecom towers remain closed
After a few months of uncertainty, the government finally indicated Thursday that investment in telecommunication towers would remain closed to foreign investors.Investment Coordinating Board (BKPM) chairman Gita Wirjawan, who initially floated the government’s initial plan to open the sector to...
Mon, 22 Mar 2010
Why is subsidy reform so necessary?
If the government wants to help lower long-term interest rates,energy subsidy reforms must continue.Recently, the government proposed a 15 percent electricity tariff hike, scheduled for July, in its revision of the 2010 fiscal budget.
Mon, 22 Mar 2010
Fast rise in rupiah will not hurt exports: Govt
The fast appreciation of the rupiah against the US greenback has sparked concern among exporters that this may cause Indonesian goods to become more expensive and undermine exports.But the government is playing down this concern.
Mon, 22 Mar 2010
Indonesia Not Expecting Much from US Investments
TEMPO Interactive, Jakarta:The Investment Coordinating Board (BKPM) chairman, Gita Wirjawan confirmed that US President Barack Hussein Obama’s visit to Indonesia next week would have brought a positive signal for Indonesia’s investment development.
Mon, 22 Mar 2010
Retailers Not to Worry about AC-FTA
TEMPO Interactive, Jakarta:The Head of Indonesia’s Retailers Association, Benjamin J. Mailool, has said that he is not worried about the impact of the ASEAN-China Free Trade Agreement (AC-FTA).“Not many of them (Chinese imported products) are in our segmentation,” he said, on Thursday (18/3).
Mon, 22 Mar 2010
Gita Wirjawan Acknowledges the Indonesian Investment Exodus from China
TEMPO Interactive, Jakarta:The Chairperson of the Investment Coordinating Board (BKPM), Gita Wirjawan, has acknowledged that there is an exodus of Indonesian entrepreneurs who have invested in China.They produced goods in China to be exported to Indonesia.“There is an indication of this.
Mon, 22 Mar 2010
Indonesia can use demographic dividend to boost economic growth
Bekasi (ANTARA News) - Vice President Budiono said that Indonesia must be able to make use of the current transitional demographic dividend to generate its economic growth."If the country does not make use of its demographic dividend it will miss the momentum and fail to take advantage of...
Mon, 22 Mar 2010
RI economy facing investment challenges
Jakarta (ANTARA News) - The most important challenge Indonesia is facing now in its efforts to improve its economy and generate its economic growth is how to increase investment, economist of Citigrup Johanna Chua said.
Mon, 22 Mar 2010
`Land with one million cows program` should have tangible result
Mataram, (ANTARA News) - The "Land with One Million Cows Program" (BSS) in West Nusa Tenggara (NTB) should have a tangible result at the end of this year, an official said."Such a program has been calculated in its funds and the number of cow population, and therefore it should have...
Mon, 22 Mar 2010
Sleman batik clothes promoted in intl markets
Sleman, C Java (ANTARA News) - Batik clothes produced in Sleman district, Yogyakarta special province were promoted in international markets among others in some of the former Soviet Union states, Japan, United States and in South East Asia.
Mon, 22 Mar 2010
Palm Oil Group ‘Plans to Boycott Nestle’
Palm oil farmers in at least 20 provinces are prepared to boycott Nestle products if the company honors its commitment to stop buying crude palm oil from PT Sinar Mas, an industry association said.“About 10 million oil palm farmers in 20 Indonesian provinces have stated their readiness to boycott...
Mon, 22 Mar 2010
Indonesia Offers a Broader Welcome to Foreign Investors
Indonesia plans to unlock more sectors of its economy to overseas investors, including health care, agriculture and creative industries, but will not allow foreign investment in telecommunication towers, the head of the country’s Investment Coordinating Board said on Friday.
Thu, 18 Mar 2010
Four Australian investors to invest US$1 bln in Indonesia
Jakarta (ANTARA News/Asia Pulse) - Four Australian companies plan to invest a combined total of more than US$1 billion in Indonesia this year, an official said. Mining and construction company Thiess, which already has a stake in the mining sector, would take part in the Trans-Java toll road...
Thu, 18 Mar 2010
US Eyes Indonesia's 'Vast' Market for Green Technology
The United States sees vast potential to expand trade with Indonesia but Jakarta needs to undertake economic reforms, a top official said ahead of President Barack Obama's visit next week.Commerce Secretary Gary Locke said Wednesday the administration saw major opportunities in the energy sector as...
Thu, 18 Mar 2010
Indonesia back on the map of Shell’s investment portfolio
Royal Dutch Shell’s Chief Executive 0fficer Peter Voser said Indonesia is now a target for his company’s investment portfolio in both the upstream and downstream hydrocarbon sectors.“We have been in talks with state oil company Pertamina and the government, offering them ourtechnology and...
Thu, 18 Mar 2010
Australia Firms Ready to Invest $1b in Indonesia This Year
Four Australian companies have agreed to invest a combined total of more than $1 billion in Indonesia this year, Gita Wirjawan, chairman of the Investment Coordinating Board, said on Wednesday.Gita, who had just returned from Australia, said the companies were Coca-Cola Amatil, mining and...
Thu, 18 Mar 2010
Indonesia Pulls Back From Plan to Open Telecom Towers to Foreign Investors
The government has backed away from a plan to allow foreign companies to invest in the domestic telecommunication-tower sector, despite warnings from the country’s investment czar that investment by local companies will not be sufficient.
Thu, 18 Mar 2010
U.S. hopes Obama trip will boost trade with Indonesia
WASHINGTON (Reuters) - The United States hopes President Barack Obama's visit next week to Indonesia will help spur reforms that boost trade with Southeast Asia's largest economy and the world's fourth most populous nation.
Thu, 18 Mar 2010
8 firms await permits to import liquor
Eight companies have applied for permits to import alcoholic drinks after the government’s decision late last year to end the monopoly previously awarded to state firm PT Sarinah, a minister has said.“Eight companies have applied. But we haven’t made a decision.
Thu, 18 Mar 2010
BKPM Chairman Supports Revision to Foreign Property Ownership Regulation
TEMPO Interactive, Jakarta:The Chairman of the Investment Coordinating Board Gita Wirjawan has emphasized that revision to foreign ownership term of property in Indonesia is urgently needed.According to Gita, foreign ownership of only 25 years is considered too short and not as competitive as other...
Thu, 18 Mar 2010
Investment Board Supports Foreign Investment in Telecom Towers
TEMPO Interactive, Jakarta: The Economic Ministry has reaffirmed government's perspective in investment policy changes which will determine the stake of foreign investment in Indonesia especially in telecommunication sector.
Wed, 17 Mar 2010
Furniture Entrepreneurs Are Convinced They Can Compete Against China
TEMPO Interactive, Jakarta:The Indonesian Furniture Entrepreneurs Association (ASMINDO) is optimistic that Indonesia’s furniture industry could compete with China.“This is an economic war, but our turf is quality,” said ASMINDO Chairman, Ambar Tjahjono, in Jakarta, on Sunday (14/3).
Wed, 17 Mar 2010
N Sulawesi world`s biggest nutmeg supplier
Manado (ANTARA News) - North Sulawesi province is supplying 75 percent of global nutmeg needs, confirming its position as the world`s biggest supplier of the commodity, an official said.The province exported 1,000 to 2,000 tons of nutmeg every month while global demand for the commodity stood at...
Tue, 16 Mar 2010
Liquor free from luxury sales tax starting April 1
Jakarta (ANTARA News) - Under a newly enacted fiscal law, alcoholic beverages will no longer be subject to luxury good sales tax effective next April 1, Finance Minister Sri Mulyani announced here Monday.
Tue, 16 Mar 2010
Duty-free facilities for telecommunication industry
Jakarta (ANTARA News) - The government is providing duty-free facilities for the importation of goods and materials to produce telecommunication appliances this year.The government-borne import duty facility was provided for in Finance Minister`s Regulation No. 54/PMK.
Tue, 16 Mar 2010
Ministry deports 18 foreigners working in RI illegally
Jakarta (ANTARA News) - The manpower ministry recently deported 18 foreigners who had been working in Indonesia illegally while intensifying its watch over the possible influx of foreign workers under the Asean-China Free Trade agreement, a spokesman said.
Mon, 15 Mar 2010
Indonesia's Neglected Govt Fish Farms Seek Private Investors
Pond after pond stretches out as far as the eye can see in the 450 hectares of fisheries that line the coast in Karawang, West Java. At feeding time, the surface of the water bubbles up as the fish fight over their food.
Mon, 15 Mar 2010
ASEAN ministers to finalize Single Window project draft
ASEAN is pushing for the integration of its members in the ASEAN Single Window (ASW) project, which will allow signatory countries to exchange import and export data online.“There will be an ASEAN customs director general meeting in Kuching, Malaysia, from March 23 to 30 to finalize the MoU draft...
Mon, 15 Mar 2010
14 Industry Sectors Receive BMDTP Facilities
TEMPO Interactive, Jakarta:The government has determined 14 industry sectors to receive government-borne 2010 import duty (BMDTP) facilities with a budget ceiling of Rp1.53 trillion.The facilities are channeled through five budget authorities.