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Sun, 18 Mar 2007
Oiltanking to build terminal in Cilegon at cost of $120 million
Responding to the liberalization of the gasoline retailing sector, Oiltanking, the world's second largest independent tank storage provider for petroleum products, gases and chemicals, is planning to build the first independent oil storage terminal in Indonesia at a total cost of US$120 million.
Sun, 18 Mar 2007
Govt told to drop deal with Microsoft
The Business Competition Supervisory Commission (KPPU) has urged the government to annul its recent deal with U.S. giant software producer Microsoft for the use of the latter's software in state offices and institutions.
Sat, 17 Mar 2007
Kadin asks govt to pay more attention to long-established investors
Jakarta (ANTARA News) - The government should not only favor new invstors but also pay attention to old investors with good track records in Indonensia so that they will continue to expand their operations in the country, a senior Indonesian Chamber of Commerce and Industry (Kadin) executive said.
Sat, 17 Mar 2007
Bank Mandiri to allocate Rp 11 trillion for plantation credit
JAKARTA (Antara): PT Bank Mandiri is preparing a credit scheme worth Rp 11 trillion (US$1.2 billion) to help finance investment in the plantation sector in the 2007-2010 period, a Bank Mandiri director said on Friday.
Sat, 17 Mar 2007
SMEs to get easier access to new loans
Bank Indonesia will relax its lending requirements so as to encourage the extending of more loans to the real sector, particularly to small and medium enterprises (SMEs), says Bank Indonesia Governor Burhanuddin Abdullah.
Sat, 17 Mar 2007
MoU with Microsoft Goes On
TEMPO Interactive, Jakarta: The Information and Communication Minister, Sofyan Djalil, said that the delay of the government’s computer census will not disturb the Memorandum of Understanding (MoU) with PT Microsoft Indonesia.
Sat, 17 Mar 2007
British Entrepreneurs Ask Removal of Investment Obstructions
TEMPO Interactive, Jakarta: British entrepreneurs said they hoped that the government would solve matters on legal and capital investment obstruction in the Draft Bill on Capital Investment, now being prepared by the House of Representatives (DPR).
Sat, 17 Mar 2007
Four Facilities of Income Tax for New Investor
TEMPO Interactive, Jakarta: The government keeps pushing investment. Yesterday (03/15), the Finance Minister Sri Mulyani Indrawati has announced the granting of four facilities of Income Tax for new investors of a certain business and/or region.
Fri, 16 Mar 2007
Indonesia 2007 CPO exports seen at 11.7 mln tons
Jakarta (ANTARA News) - The country's crude palm oil (CPO) exports are expected to reach 11.7 mln tons this year up from an estimated 11.3 mln in 2006, with rising local demand limiting export growth, Indonesia Palm Oil Association (GAPKI) chairman Derom Bangun said.
Fri, 16 Mar 2007
Inco appoints new board of commissioners
Jakarta (ANTARA News) - PT International Nickel Indonesia (Inco) at an extraordinary shareholders` meeting here Wednesday appointed new people to its board of commissioners, including a new president commissioner.
Fri, 16 Mar 2007
Clean Biofuel to Invest in Gorontalo
TEMPO Interactive, Gorontalo: Clean Biofuel Pte. Ltd., a Singaporean company, will build a biofuel factory with an investment of US$190 million in Pohuwato, Gorontalo.The factory and plantation that will cover an area of 40,000 hectares are planned to have an installed production capacity of 200...
Thu, 15 Mar 2007
INCO to build two nickel processing plants
JAKARTA (Antara): PT International Nickel Indonesia (INCO) is planning to build nickel processing plants in Bahodopi, Central Sulawesi, and Pomala, Southeast Sulawesi, before 2010, its president director, Arief Siregar, said.
Thu, 15 Mar 2007
Table of corruption scores among 13 Asian economies graded
Originally Posted By: KuKuKaChu Originally Posted By: chewwyUKCant believe we only come in at number two !!! I want a re-count! the indonesian govt probably paid PERC to get them off the bottom of the list ...
Thu, 15 Mar 2007
Table of corruption scores among 13 Asian economies graded
Originally Posted By: KuKuKaChu Originally Posted By: chewwyUKCant believe we only come in at number two !!! I want a re-count! the indonesian govt probably paid PERC to get them off the bottom of the list ... LOL!
Thu, 15 Mar 2007
Table of corruption scores among 13 Asian economies graded
Originally Posted By: chewwyUKCant believe we only come in at number two !!! I want a re-count! the indonesian govt probably paid PERC to get them off the bottom of the list ...
Thu, 15 Mar 2007
Table of corruption scores among 13 Asian economies graded
Cant believe we only come in at number two !!! I want a re-count!
Thu, 15 Mar 2007
Table of corruption scores among 13 Asian economies graded
Singapore (ANTARA News)- Here is a table of the corruption scores of 13 Asian economies, as seen in a survey of businessmen by the Political and Economic Risk Consultancy (PERC) and released Tuesday.On a scale of zero to ten, zero is the best possible score.In brackets are the scores last year.
Wed, 14 Mar 2007
Eni Urged to Explore Ambalat
If I remember correctly, the last time someone went drilling there it became a major diplomatic incident with Malaysia, Brunei and Indonesia rattling sabres and gnashing teeth!
Wed, 14 Mar 2007
Eni Urged to Explore Ambalat
Eni might be more enthusiatic about exploring ambalat if indonesia actually owned it.this announcement from the government -- god knows where the story was sourced -- seems to be a deliberate attempt at provocation towards malaysia.wait for the gunships ...
Wed, 14 Mar 2007
PLN seeks Kalimantan hydro plant partners
State-owned power firm PT Perusahaan Listrik Negara (PLN) is seeking a partnership with private investors to build a 250-megawatt (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...
Wed, 14 Mar 2007
Nation looks to simple pleasures, as should marketers
As we saw in last week's update, more Indonesians are spending more time doing more things at home. What is everybody doing for entertainment, other than watching TV, shopping or pursuing their hobbies?Urban or rural, old or young, man or woman, over 80 million people like entertaining their...
Wed, 14 Mar 2007
Bimantara Citra triples net profit
Media and telco group PT Bimantara Citra wrapped up 2006 with a net profit of Rp 446 billion (US$49 million), more than three times the Rp 136 billion recorded the previous year, the company's full-year consolidated accounts show.Total revenue rose 34 percent from a year earlier to Rp 3.
Tue, 13 Mar 2007
Foreign Firms Eye Local Gasoline Business
PT Chevron Pacific Indonesia (CPI) is set to open gas stations in Indonesia following in the footsteps of other foreign firms, including Malaysia's Petronas and Dutch company Shell, an official says.Erie Soedarmo, director for downstream business at the Energy and Mineral Resources Ministry, told...
Tue, 13 Mar 2007
Eni Urged to Explore Ambalat
Indonesia has urged Italy's major oil group Eni to explore for oil and gas in the Ambalat block. "We have asked Eni to commit for exploration in the Ambalat area to meet its contract," Achmad Luthfi, deputy chief of energy watchdog BP Migas told Reuters on Friday (9/3/07).
Tue, 13 Mar 2007
Finance Ministry Eyes Biofuel Incentives
The Finance Ministry is preparing a package of incentives to support the government's ambitious program to produce 200,000 barrels of biofuel a day by 2010, a senior official says.Unggul Priyanto, the director for energy resources development at the Agency for the Assessment and Application of...
Tue, 13 Mar 2007
Lion Air to Get 7 New Boeing 737-900ERs
Lion Air said the first of seven Boeing 737-900 ER aircraft it plans to buy at a price of $3.9 billion this year will arrive in April.The airline’s commercial director Achmad Hasan said the seven aircraft will be part of 60 Boeing 737-900 ER planes it has ordered from the US aircraft maker until...
Tue, 13 Mar 2007
Samsung to Sell 3G System to Mobile-8
South Korea's Samsung Electronics Co Ltd said on Monday (5/3/07) it would sell Indonesian mobile operator PT Mobile-8 Telecom systems for a "third-generation" (3G) mobile service for $373 million, Reuters reported.Samsung, the world's No.
Tue, 13 Mar 2007
Telkomsel User Growth 6% This Year
Indonesia's largest mobile phone operator PT Telkomsel has added about 2 million new users so far this year, a company official said, signaling growth of about 6% from yearend levels, Reuters reported on Tuesday (6/3/07).
Tue, 13 Mar 2007
PPA to Divest Stake in 20 Companies
State-owned asset management company PT PPA has announced a plan to sell its stake in 20 companies, including some banks, this year.The asset sales are to meet the company's aim to contribute Rp1.5 trillion ($166.
Tue, 13 Mar 2007
CPO Base Price Raised
Indonesia has raised the base price for exports of crude palm oil by $3 to $490 a metric ton, effectively raising the export tax paid on CPO, a trade ministry official told Dow Jones Newswires on Wednesday (7/03/07).
Tue, 13 Mar 2007
Rate Cut May Be the Last
Bank Indonesia (BI) Governor Burhanuddin Abdullah said there is “not much to gain” from more rate cuts after the central bank board dropped the benchmark rate by a further quarter of a percentage point to 9% on Tuesday.
Tue, 13 Mar 2007
S Korean investor to develop plantation for biodiesel in Maluku
AMBON (Antara): South Korea's LML firm will develop Jatropha Curcas, sp. plantations in Oma village, Haruku subdistrict, Central Maluku district, a spokesperson said.The company intended to develop the plantations as a pilot project to produce biodiesel for a power plant, LML chairman Choi Seung In...
Tue, 13 Mar 2007
Microsoft to Collaborate with 500 Software Vendors
TEMPO Interactive, Jakarta:Microsoft Indonesia will collaborate with more than 500 software vendors in marketing its Windows Vista software.This measure is aimed at reducing pirated software sales in Indonesia.
Tue, 13 Mar 2007
Japan-Indonesia Targeting Cellulose for Renewable Energy
TEMPO Interactive, Jakarta: Japan has offered a technological partnership for processing biomass into renewable energy, including the use of cellulose and lignin that are really cheap.“We have the technology and Indonesia has a plenty of its raw materials,” said Koatro Inoue of Japan Science...
Tue, 13 Mar 2007
Administrative Reforms Minister: Bureaucracy Not Yet as Expected
TEMPO Interactive, Jakarta: Taufiq Effendi, the State Minister for Administrative Reforms, has said he believes the bureaucracy reform that has so far been carried out is still far from what is expected.This is because there is not any unity in terms of perception and goals.
Tue, 13 Mar 2007
Jogja`s tourism seriously affected by disasters
Yoyakarta (ANTARA News) - Yogyakarta Governor Sultan Hamengku Buwono X said his province`s tourism had been seriously affected by the series of disasters that had hit the region in the recent past."The series of natural disasters such as earthquakes, volcanic eruptions, cold lava streams,...
Tue, 13 Mar 2007
Delayed Sumatra-West Java gas pipeline comes onstream
After nearly four months of delay, state-owned gas distributor PT Perusahaan Gas Negara's (PGN) US$1.1 billion pipeline linking South Sumatra and West Java finally came onstream Sunday.The pipeline will initially deliver 30 million cubic feet per day from a Pertamina gas field in Pagardewa, South...
Tue, 13 Mar 2007
Condition critical: Economic reforms cannot wait
Reform is never easy when it requires changes to an entrenched economic system. That is why broad-based reforms often require a crisis or perception of crisis, or at least a sense of chronic deterioration. It was economic crisis that brought down Soeharto in May 1998 and ushered in the reform era.
Sat, 10 Mar 2007
Norwegian firm to invest $300m in hydro projects
A Norwegian energy firm, KF Gruppen (KFG), plans to invest US$300 million on the building of two hydro power plants in South Sulawesi over the next three years. The two plants will have a total capacity of 133 megawatts.
Sat, 10 Mar 2007
HSBC opens branch in Mangga Dua
JAKARTA: London-based bank HSBC opened its 14th Indonesian branch in Mangga Dua, Central Jakarta, on Thursday to meet the needs of the company's customers in the area, one of the capital's major shopping centers."We have a big business community in the area.
Sat, 10 Mar 2007
Finance Ministry eyes incentives to support biofuel development
The Finance Ministry is preparing a package of incentives to support the government's ambitious program to produce 200,000 barrels of biofuel a day by 2010, a senior official says.Unggul Priyanto, the director for energy resources development at the Agency for the Assessment and Application of...
Sat, 10 Mar 2007
Investment bill delayed again in House
The passage of the investment bill is set to miss the March 13 deadline as the government and House of Representatives still find themselves at odds over the issue of incentives for investors."There is one final chapter that we haven't agreed upon, but it is the one with the most difficulties --...
Sat, 10 Mar 2007
Government Worried about the Fall in Investors' Perception
TEMPO Interactive, Jakarta: The government is making serious efforts to see that natural disasters and transportation accidents do not affect investors and tourists' to visit and invest in Indonesia.According to Coordinating Minister for the Economy Boediono, safety has been a factor that investors...
Fri, 09 Mar 2007
Moody's to expand rating services in Indonesia
Global rating agency Moody's Investors Service is to expand its services in Indonesia to meet increasing rating needs resulting from the country's growing capital markets.It is currently in the process of rating seven more Indonesian companies -- mostly operating in the financial sector -- through...
Fri, 09 Mar 2007
Indonesia`s Inco 2006 net profit at US$513 mln, up 91.7 pct
Jakarta (ANTARA News) - PT International Nickel Indonesia's (Inco's) net profit rose 91.7 pct to 513.4 mln usd last year from 267.8 mln usd in 2005, the company said.Inco, a subsidiary of Canada's CVRD Inco Ltd, said its sales had risen 51.1 pct to 1.34 bln usd last year from 885.1 mln usd.
Fri, 09 Mar 2007
Indosat Sale Legal, Rules Supreme Court
Interesting outcome; it remains to be seen whether foreign investors (FDI) will come pouring into Indonesia?
Fri, 09 Mar 2007
Uniflora to Build $2b Cocoa Processing Plant
I wonder why we can't get chocolate (let alone good quality chocolate)because most of them are exported, the same story goes for coffee. You'll have to travel far and away from the producing country (Indonesia) to get the real stuff; I blame it on the foreign exchange reserve...
Fri, 09 Mar 2007
Consumer confidence on the up and up, says survey
Indonesian consumer confidence continued to improve in the fourth quarter of last year, Australian research firm Roy Morgan said Tuesday in its latest survey report.The consumer confidence rating for the October-December period moved upward by another 3.2 points to 113.6, which means it is now 8.
Fri, 09 Mar 2007
Indosat Sale Legal, Rules Supreme Court
The Supreme Court has thrown out a lawsuit against the government over the privatization of telecommunications company PT Indosat, in which a subsidiary of Singapore's Temasek Holdings has a substantial stake, The Straits Times reported on Thursday (1/3/07).