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Fri, 11 Mar 2011
Explosive WikiLeaks Cables Nail Yudhoyono
IndoLeaks! Woo hoo! Been waiting for this a while now.i_j - you're not surprised? Maybe not, but is any of that new to you? Some of it certainly is to me.Let the leaks keep coming, says I. So what do you lot want to see next? Off the top of my head, I'd like to details about Munir, Bakrie and...
Fri, 11 Mar 2011
Explosive WikiLeaks Cables Nail Yudhoyono
well, I'm not surprised.that's why it's so hard to catch corruptors in Indonesia, because they all corrupt and abuse of power.with or without wikileaks' information, It always ends the same.
Fri, 11 Mar 2011
Three yachts to call at Benoa
Denpasar, Bali (ANTARA News) - General Manager of PT Pelabuhan Indonesia (Pelindo) III in Benoa Iwan Sabatini said by the end of this month and early next month, at least three tourist cruisers will be calling at Benoa port in Bali.
Fri, 11 Mar 2011
Govt improving transparency of investment regulations
Perth, Australia (ANTARA News) - Visiting Vice President Boediono said the Indonesian government is improving transparency of investment regulations at central and regional levels as part of efforts to attract more investment."Our long-term attention is particularly for foreign investors.
Fri, 11 Mar 2011
Govt studying proposal for flat export tax on CPO From: Antara News
Jakarta (ANTARA News) - The government is studying a proposal to impose a flat export tax on crude palm oil, Trade Minister Mari Elka Pangestu said."We have looked again at the proposal for a would flat export tax on CPO.
Fri, 11 Mar 2011
RI sets footwear export target at US$3.2 bln
From: Antara NewsJakarta (ANTARA News) - The government has set itself a target of exporting US$3.2 billion worth of footwear in 2011, Trade Minister Mari Elka Pangestu said.The exports are expected to increase by US$6 million from that in the previous year which stood at US$2.
Fri, 11 Mar 2011
Bio-chemical industry needs serious management: minister
Bio-chemical industry needs serious management: ministerFrom: Antara NewsJakarta (ANTARA News) - Industry Minister MS Hidayat said that the development of bio-chemical industry in Indonesia needed serious and optimal management.
Fri, 11 Mar 2011
Indonesia has great potential in hospitality industry: Observer
Indonesia has great potential in hospitality industry: ObserverFrom: Antara NewsJakarta (ANTARA News) - Indonesia has a great potential in the hospitality industry as the contribution of the world`s travel and tourism economy is expected to rise in 2020, an observer said.
Fri, 11 Mar 2011
DPR Gives Foreign Vessels an Exemption
After years of delays and legal wrangling, the government and lawmakers agreed on Thursday to exclude ships in the oil and gas industry from the country’s cabotage law.The government and House of Representatives Commission V, which oversees transportation matters, met on Thursday.
Fri, 11 Mar 2011
Properties: In Bali, Bamboo Is the Bricks and Mortar
From:Indonesia News.NetSIBANG, INDONESIA - When Macarena Chiriboga came to Bali in 2009, she had just finished a master's degree in architecture in the United States, doing her thesis on the use of bamboo as a building material.The trip was meant to be a vacation.
Fri, 11 Mar 2011
West Nusa Tenggara, poorest region rich in minerals
From: The Jakarta PostKurtubi, Jakarta The management of non-oil and gas mining resources has, since 1967, applied the model of working contracts pursuant to the law on mining operation. By this model, the management of these resources is fully in the hands of contractors.
Fri, 11 Mar 2011
Explosive WikiLeaks Cables Nail Yudhoyono
ImageUS embassy in Jakarta has serious doubts about the Indonesian president's own integrityWhen Susilo Bambang Yudhoyono won a surprise victory in Indonesia's 2004 presidential elections, the United States Embassy in Jakarta hailed it as "a remarkable triumph of a popular, articulate figure...
Fri, 11 Mar 2011
UPDATE 1-Indonesia govt to exempt oil, gas vessels from new cabotage rule
From: ReutersJAKARTA, Indonesia - Indonesia will issue a regulation to exempt oil and gas vessels from a new cabotage rule, a move that will ensure foreign vessels can continue offshore oil and gas exploration, a senior energy ministry official said on Thursday.
Thu, 10 Mar 2011
Trade minister launches national shoes day
Jakarta (ANTARA News) - Trade Minister Marie Elka Pangestu has launched a National Shoes Day, here Wednesday, to encourage the Indonesian people to wear Indonesia-made shoes especially on every Friday.On the occasion, Minister Pangestu wore brown snake-leather shoes, while football player Bambang...
Thu, 10 Mar 2011
17 foreign investors to build shoe factories this year
From: The Jakarta PostAs many as 17 foreign investors are investing in shoe factories in Indonesia this year, an association says.Indonesian Shoe Producer Association (Aprisindo) chairman Eddy Wijanarko said five of the 17 investors had begun to build the factories.
Thu, 10 Mar 2011
Europe Eyes Local Rattan Industry
TEMPO Interactive, Jakarta:The local rattan industry could benefit from Europe’s increasing interest in the product. “This is the revival of rattan in the European market,” said agro industry director general Benny Wachyudi in Jakarta yesterday, following a meeting with a German expert who is...
Thu, 10 Mar 2011
New procurement regulation opens greater access for local companies
From: The Jakarta PostBy Rangga D. Fadillah, The Jakarta Post, JakartaThe government says local companies will have greater opportunity to supply goods and services for upstream oil and gas operations due to the revision of a regulation on procurement mechanisms.
Thu, 10 Mar 2011
Huawei gets Indonesia submarine deal
Huawei is to build a submarine cable across the Straits of Malacca between Malaysia and IndonesiaHuawei Marine Networks has been awarded a contract for the Batam-Dumai-Melaka submarine cable project linking Malaysia and Indonesia.
Thu, 10 Mar 2011
Indonesia - Minister of Singapore meet Hatta Rajasa
Minister of Trade and Industry of Singapore, Lim Hng Kiang met Coordinating Minister for the Economy, Hatta Rajasa, at the office of Coordinating Ministry for the Economy in Jakarta, on January 4th, 2011.
Thu, 10 Mar 2011
Rakuten Joins Clamor for Growing Indonesian Market
By Shirley Christie The allure of Indonesia’s burgeoning online market has hooked another big name, with Japan’s largest online retailer set to join the local marketplace in short order.Rakuten, which has a presence throughout East Asia as well as the US and Europe, plans to launch its full...
Thu, 10 Mar 2011
Indonesia Believes It Has Bigger Shoe Orders to Fill
By Shirley Christie Despite being the world’s third-largest exporter of shoes, Indonesia still wants to stamp out a bigger share of the market.“There are many high-quality Indonesian shoes gaining recognition in both the domestic and international markets,” Trade Minister Mari Elka Pangestu...
Thu, 10 Mar 2011
Infrastructure Development Delayed
TEMPO Interactive, Jakarta:Infrastructure development will be delayed this year due to a lack of funds. “Out of US$ 143 billion required, the government can only provide US$ 51 billion until 2014," said Fiscal Policy Board chief Bambang Brodjonegoro yesterday.
Thu, 10 Mar 2011
Taiwan Debt Tops Asia as Rising Oil Prices Punish Indonesia, Philippines
By Lilian Karunungan and David Yong Bonds from Taiwan are beating debt from Asia’s developing nations as surging oil prices punish economies with the fastest inflation.Local-currency debt sold by Taiwan returned 1.4 percent this year, the best performance in the region excluding Japan.
Thu, 10 Mar 2011
Indonesia plans to cut Australian cattle imports
By Matt Brown, JakartaIndonesia is planning to cut imports of Australian cattle by around 200,000 head this year.Indonesia's Vice Minister for Agriculture Bayu Krisnamurti, says his government wants to cut imports of Australian cattle to 500,000 and 50,000 tonnes of boxed chilled beef.
Thu, 10 Mar 2011
The Philippines Invest in RI’s Fishery Sector
TEMPO Interactive, Jakarta:The government has targeted US$50 million in investment for two years from Philippine businessmen in the maritime sector. “We will give them the space and cooperate with them so that the fish are processed here,” said Maritime and Fishery Affairs Minister Fadel...
Wed, 09 Mar 2011
Bali Back to Coffee
Restoring Bali's Coffee Industry Can Bring Economic Advances and Reduce Landslides and Erosion.Kompas reports that the government of Bali is undertaking aggressive steps to revitalize the island's coffee growing industry both as a means of improving the economic welfare of its citizens and also as...
Wed, 09 Mar 2011
The Grapes of Wrath
Poor Market and High Production Costs Causing North Bali Farmers to Abandon Their Grape Vineyards.North Bali's once thriving grape growing industry is now threatened with near extinction. Bali Post reports that many grape farmers are choosing to either abandon their vineyards or to dig up their...
Wed, 09 Mar 2011
Fewer Cruise Ships Headed to Indonesia
Cruise Visits Down as Bali Port at Tanah Ampo Still Not Ready to Receive Large Ships.The number of cruise ship visits to Indonesia in 2011 is put at only 31, a decline from the numbers projected last year due to the cancellation of planned ship visits to Bali and Komodo.
Wed, 09 Mar 2011
Indonesia Coal Areas Have Infrastructure Hurdles, WoodMac Says
Indonesia’s new coal supply areas in South Sumatra and the Wahau field must overcome infrastructure limitations to help meet demand from emerging markets including India, according to Wood Mackenzie Consultants Ltd.
Wed, 09 Mar 2011
Bali ’s import drops by 44 percent
Bali saw a sharp drop of its import in January this year, which was valued at US$7.04 million, down by 44 percent from January last month.The figure also decreased by 77 percent compared to December 2010, Head of the Bali Statistics Central Bureau Gede Suarsa said in Denpasar on Tuesday,...
Wed, 09 Mar 2011
Indonesian Govt May Curb Film Importers
VIVAnews - Ministry of Finance calls down on film importers to pay Rp 30 billion ($3.4 million) of import tax on film royalties and could have to pay up to 10 times the owed amount on March 12, 2011, at the latest.
Wed, 09 Mar 2011
Heavy Equipment Investment Valued at US$1 Billion
TEMPO Interactive, Jakarta:Budi Dharmadi, the Director General of Technology Based-Industry at the Industry Ministry, has targeted an investment of US$ 1 billion in heavy equipment for the next 4-5 years. The investment is expected to bring about 8 to 9 percent of industrial growth per year.
Wed, 09 Mar 2011
Australian Minister to Visit Indonesia
Jakarta (ANTARA News) - Australian Minister for Agriculture, Fisheries and Forestry, Senator Joe Ludwig, will visit Indonesia this week for his first overseas trip to talk on agriculture, trade and food security.
Wed, 09 Mar 2011
SOE Minister to Reject Foreign Investment in the Defense Industry
TEMPO Interactive, Jakarta:The State-owned Enterprises (SOE) Minister Mustafa Abubakar rejects foreign investment in the defense industries, especially those considered strategically important. The industries he meant are weapons and ammunition producer PT Pindad, ship builder PT PAL, explosive...
Tue, 08 Mar 2011
Miners Say Value-Added Law Will Hurt in the Long Run
Government plans to require miners to give added value to their exported commodities could end up costing the country income, a mining association official said on Monday.Priyo Pribadi Sumarno, an executive director at the Indonesian Mining Association, said the domestic market for minerals such as...
Tue, 08 Mar 2011
Aussie Minister: Indonesia Our Top Market
VIVAnews - Indonesia is the largest market for several Australian agricultural and dairy products. In order to extend the bilateral trade, the Australian Minister for Agriculture, Fisheries and Forestry, Senator Joe Ludwig, is visiting Indonesia today.
Tue, 08 Mar 2011
Finance minister to discuss FTZ with businessmen
Tanjungpinang, Riau Islands (ANTARA News) - Finance Minister Agus Martowardojo is scheduled to meet with businessmen and local government officials here on Monday to discuss problems arising from the implementation of Batam, Bintan and Karimun free trade and free port zones.
Tue, 08 Mar 2011
Minister calls for improvement of free trade zone system
"We want to make the areas to become economic zones focusing on industry and exports." Batam, Riau Islands (ANTARA News) - Finance Minister Agus DW Martowardojo has called for the improvement of the system and concept of the country`s Free Trade Zone (FTZ).
Tue, 08 Mar 2011
Emerging Indonesia: lessons for middle-income countries
World Bank Managing Director, Sri Mulyani Indrawati, opened the two-week "Emerging Indonesia" series at the World Bank Headquarter, Washington, DCPresentations from the event * Indonesia: Partnering with a Middle Income Client * Common Disasters and Uncommon Responses * Leveraging World...
Tue, 08 Mar 2011
The Extractive Industries Transparency Initiative (EITI) implementation in Indonesia
The EITI's long term benefits may include increased investment in the oil and gas sector which will lead to greater energy security for Indonesia * The Extractive Industries Transparency Initiative (EITI) is an internationally developed standard that promotes oil, gas and mining revenue...
Tue, 08 Mar 2011
Boom, Bust and Up Again? Evolution, Drivers and Impact of Commodity Prices: Implications for Indonesia
KEY MESSAGES FROM THE REPORT * The main driver of the food price increases from 2002 to 2008 was the increased demand for biofuels and the consequent pressure on grain stocks, large land-use shifts, speculative activity and export bans.
Thu, 03 Mar 2011
Mitsubishi to Invest Up to $20b in Indonesia
Japan’s Mitsubishi Corp. is committed to expanding its business in Indonesia and will back up that commitment with capital, the Investment Coordinating Board chief said on Wednesday.Gita Wirjawan, who heads the board, also known as the BKPM, said Mitsubishi would invest in projects in sectors...
Thu, 03 Mar 2011
Enforcing the Cabotage Law Could Cost Country Billions
An Energy Ministry official urged legislators on Wednesday to rethink the cabotage law as it could hurt oil and gas production in a nation already straining to keep up with demand.Evita Legowo, director of oil and gas at the ministry, warned members of House of Representatives Commission V, which...
Thu, 03 Mar 2011
Indonesia plans new food estate in Aceh: minister
JAKARTA, INDONESIA - Indonesia plans to build this year a new food estate for growing rice and rearing cattle in Aceh province on Sumatra island, chief economics minister Hatta Rajasa said on Wednesday, in a move to bolster food security amid rising commodities prices.
Thu, 03 Mar 2011
RI set to attract more investment in 2011: UBS
Indonesia's relatively stable political situation and improved economic fundamentals will help the nation attract more investment in 2011, Switzerland-based investment bank UBS says.Indonesia was the only nation in the ASEAN-5, a group comprised of Indonesia, Malaysia, the Philippines, Singapore...
Thu, 03 Mar 2011
Will the economic corridor policy live on paper only?
President Susilo Bambang Yudhoyono launched on Feb. 22 a blueprint for the nation’s economic development for the next 14 years. Inside the plan was an ambitious policy to develop economic corridors on the archipelago’s five major islands. The Jakarta Post’s Rendi A.
Thu, 03 Mar 2011
Canada interested in investment in S Sumatra
Palembang, S Sumatra (ANTARA News) - Canadian businessmen have become interested in investing in South Sumatra because of its big potentials and opportunities.Canadian Ambassador to Indonesia Mackenzie Clugson, and an entourage in a meeting with the South Sumatra Chamber of Commerce and Industry...
Tue, 01 Mar 2011
Govt to tighten meat import regulations
The government is planning to tighten regulations on meat imports because of varying demand for different kinds of meat. "There have only been increases in demand on meat of certain kinds," Deputy Agriculture Minister Bayu Krisnamurthi said on the weekend, as quoted by kontan.co.id.
Tue, 01 Mar 2011
Govt wants Riau Islands to be main supplier of vegetables, fruits to Singapore
The government is planning to make Riau Islands the main supplier of vegetables and fruits to Singapore.“Singapore needs thousands of tons of vegetables, fruits and other goods. Why not supply them from this place, which is only 45 minutes away from Singapore?” President Susilo Bambang...
Tue, 01 Mar 2011
Government Announces Incentives To Boost Manufacturers, Help the Poor
The government issued six initiatives on Monday aimed at bolstering the purchasing power of low- income citizens and improving business competitiveness, Finance Minister Agus Martowardojo said.The initiatives, he said, are effective immediately.