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Fri, 09 Mar 2007
Telkom to Focus on Growth
PT Telkom’s new president, Rinaldi Firmansyah will focus on expanding the company’s networks to thwart rivals, Bloomberg News reported on Thursday (1/3/07)."The competition is out there, not within Telkom," Firmansyah said. "We'll accelerate building infrastructure and information technology.
Fri, 09 Mar 2007
Tourism Competitiveness Ranked
Indonesia has ranked 60th out of 124 in a new global survey on tourism competitiveness, The Jakarta Post reported.Switzerland, Austria and Germany have the most attractive environments for developing the travel and tourism (T&T) industry, according to the very first ranking of its kind in the...
Fri, 09 Mar 2007
SGC to Invest $700m in Sugar Plantations
The Sugar Groups Company (SGC) has announced plans to invest $700 million in a sugar factory and plantations."The company wants to build a sugar factory and expand its sugarcane plantations by 60,000 hectares to 100,000 hectares over a period of two years," president Gunawan Yusuf said Monday...
Fri, 09 Mar 2007
Hyundai to Start Producing Trucks, Buses
South Korea's leading automaker Hyundai Motor said Wednesday (28/2/07) it would assemble trucks and buses at a plant in Indonesia starting this month.Hyundai Motor said the plant, which has been built by Indonesia's Korindo Group with an investment of $23 million, would have an annual production...
Fri, 09 Mar 2007
Uniflora to Build $2b Cocoa Processing Plant
PT Uniflora will soon build a $2 billion cocoa processing plant in Serang district, Banten province, an official said."The plant will be built in Jalung village, Cikande sub-district, Serang district. Hopefully, it will employ thousands of workers when it is operational," Serang district head...
Thu, 08 Mar 2007
Govt has much to gain by reducing piracy: Microsoft
The government could increase tax revenues by US$150 million and the country's gross domestic product (GDP) by $3 billion if it managed to reduce piracy by 10 percent from the current level of 87 percent, says an official of PT Microsoft Indonesia.
Thu, 08 Mar 2007
RI industrial property subsector stuck in slow lane
Growth in industrial property sales has been lagging in Indonesia. Are things likely to stay that way going forward or is there hope for improvement?The Indonesian property market can be divided into a number of subsectors, i.e.
Thu, 08 Mar 2007
New landscape will require flexibility, forum told
Andi Haswidi, The Jakarta PostIndonesia will inevitably face a new global landscape within 20 years, where people, goods, services and capital will be able to move more freely across borders, a Bank Indonesia discussion was told Tuesday.
Thu, 08 Mar 2007
Government eyes 38% increase in mining investment, despite concerns
The government is optimistic that mining investment will rebound this year despite concerns that the mining bill currently being debated will result in a major setback for the sector.In its latest report, the Energy and Mineral Resources Ministry says that total mining investment is expected to...
Thu, 08 Mar 2007
SAS Institute's Investment Totals US$2 Million
TEMPO Interactive, Jakarta: SAS Institute Inc., a developer of software for business applications, plans to invest US$2 million, or around Rp18.4 billion, over the next three years for developing the business application market in Indonesia.
Thu, 08 Mar 2007
Governmental Regulation on SEZs to Be Issued Soon
TEMPO Interactive, Jakarta: Muhammad Lutfi, Head of the Coordinating Body for Capital Investment, has said that the government will soon issue a governmental regulation substituting the law that arranges special economic zones (SEZs).
Tue, 06 Mar 2007
Government to Start Intensifying Tax
TEMPO Interactive, Jakarta: Job-based tax extensification is to start tomorrow (6/3).For the initial phase, the Directorate General of Taxes will give tax-payer identification number (NPWP) to workers of PT Sampoerna and PT Petrokimia in Surabaya.
Tue, 06 Mar 2007
ABB keen to strengthen local footprint in Indonesia
A global leader in power and automation technologies, ABB (Asea Brown Boveri) is keen to deepen its footprint in Indonesia amid signs, it claims, of significant improvements in the country's economy and investment climate.
Tue, 06 Mar 2007
Central bank sees 20% lending growth this year
The central bank expects Indonesia's banking sector to be able to provide up to 20 percent more loans this year, as business and investment in the country improves amid recent macroeconomic stability.The expected increase in the industry's credit figures -- which Bank Indonesia (BI) had previously...
Tue, 06 Mar 2007
Foreign firms eye local gasoline retailing business
A unit of a U.S-based energy company, PT Chevron Pacific Indonesia (CPI), is set to open gas stations in Indonesia following the footsteps of other foreign firms, including Malaysia's Petronas and Dutch company Shell, an official says.
Tue, 06 Mar 2007
Accountability is an alien concept in Indonesia
Accidents happen. Sure. But the spate of recent disasters in Indonesia's transportation industry can no longer be counted as accidents. The frequency with which they are happening suggests a much deeper problem in the way we run our public transportation.
Sun, 04 Mar 2007
Trade Ministry enters new world of electronic licensing
With a view to improving the business climate and competitiveness, the Trade Ministry launched a new trade facilitation unit Friday that should lead to more transparent, fast and efficient licensing procedures.
Sun, 04 Mar 2007
Indonesia warned of global slowdown
Indonesia must seek alternative markets for its exports and promote local consumption to secure growth amid a slowdown this year in the world's economy, global financial services firm UBS said.Current policies to ease inflation and cut interest rates are on the right track for reviving domestic...
Sat, 03 Mar 2007
Govt to oil works for CPO producers
The government looks likely to provide incentives to crude palm oil (CPO) producers to encourage them to supply the domestic market, instead of forcing them to do so by imposing higher export duties."I think we have all agreed to use incentives, rather than taxing exports, as the primary instrument...
Sat, 03 Mar 2007
Two Foreign Investors Leave Bintan
TEMPO Interactive, Batam: After a number of investment companies (PMA) removed their factories from Batam, this week another two foreign investors, Singapore’s Pacific and Italy’s Nordek, said that they left the Inti Industrial Estate Bintan Bonded Zone, Bintan Regency.
Sat, 03 Mar 2007
January’s Exports Down by 12 Percent
TEMPO Interactive, Jakarta: Export performance during January 2007 decreased 12.04 percent compared to December, 2006. The export decline was caused by the fall of oil and gas exports.Indonesia’s exports in January was US$8.35 billion, declined from December 2006’s of US$9.49 billion.
Sat, 03 Mar 2007
Government Studies Incentives of Oil Palm Industry
TEMPO Interactive, Jakarta: The Department of Industry is preparing some incentive packages to boost the development of the downstream oil palm industry. Tax assessments on exported oil palm that has been widely discussed is still being considered.
Sat, 03 Mar 2007
Foreign and Major Entrepreneurs Have Opportunities for Corruption
TEMPO Interactive, Jakarta: Transparency International (TI) Indonesia has stated that it is very easy for foreign and major entrepreneurs to carry out business involving corruption and collusion.As for local, medium and small entrepreneurs, they have started to be conscious about carrying out clean...
Sat, 03 Mar 2007
Indonesia's Competitiveness Ranking Improves
TEMPO Interactive, Semarang: Indonesia's competitiveness in 2006 improved compared to the previous year's.Last year, Indonesia ranked 50th out of 125 countries.“Previously, Indonesia was only in 69th position out of 107 coutries,” said Syamsul Arief Rivai, Director General of Regional...
Sat, 03 Mar 2007
Govt terminates gas exports to Singapore, Malaysia
Jakarta (ANTARA News) - The Indonesian government has terminated its natural gas exports to Singapore and Malaysia in order to meet domestic demand for the commodity, a minister said.Minister for Energy and Mineral Resources Purnomo Yusgiantoro said here on Thursday that the decision to stop gas...
Fri, 02 Mar 2007
Arrivals of foreign tourists in Indonesia down 18.74 pct
Jakarta (ANTARA News) - The arrivals of foreign tourists in Indonesia in January 2007 fell 18.74 percent compared with those in the previous month of December, a statistics official said here on Thursday.
Fri, 02 Mar 2007
France biggest buyer of Bali handicraft products
Denpasar, Bali (ANTARA News) - France was the biggest buyer for Bali`s handicraft and other non-oil products with a total value of US$40.5 million in 2006, a report said on Wednesday."France has replaced Italy which was previously the biggest buyer of the product," the report from the local...
Fri, 02 Mar 2007
BI believes rupiah depreciation be temporary
Jakarta (ANTARA News) - Bank Indonesia believes current depreciation of the country`s currency, the rupiah, will be only temporary."As it is only temporary do not say that it will drag on," the the spokesman of the central bank, Budi Mulia, said here on Wednesday.
Fri, 02 Mar 2007
Indonesian exporters 'need to adapt to Australian standards'
Indonesian exporters to Australia may face difficulties in meeting that country's import requirements unless they keep abreast of the latest information.The growing variety of products exported to Australia means that the Australian authorities have to keep updating their import regulations, says...
Fri, 02 Mar 2007
Oil and gas sector: A better regulatory framework needed
Indonesia's crude oil production fell to 1.01 million barrels per day in 2006 from 1.06 million barrels in the previous year, much less than the government's budget target of 1.05 million barrels per day.
Fri, 02 Mar 2007
Auto industry sees doubling of SUV sales this year
Despite a slow start to the year, the automotive industry remains optimistic that sales will exceed its 20 percent growth target over the year, betting in part on a doubling of the sport utility vehicle (SUV) market.
Fri, 02 Mar 2007
Govt`s commitment to combatting corruption remains unchanged
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono affirmed that the government`s commitment to combatting corruption and all its respects, at central government level down to regional administration level would continue.
Fri, 02 Mar 2007
Indonesia Still Rated High for Corruption
Great, that means that we are still good at something!
Fri, 02 Mar 2007
Indonesia Still Rated High for Corruption
TEMPO Interactive, Jakarta: Indonesia is still ranked as one of the most corrupt countries in the world.Despite a slight improvement in the Corruption Perception Index, based on 2006 data from Transparency International, Indonesia was still ranked 135th out of 136 countries.
Fri, 02 Mar 2007
BKPM to be separated from trade ministry
JAKARTA (Antara): The government and the House ofRepresentatives' working committee (Panja) on drafting capital investment law have agreed to separate the Capital Investment Coordinating Board (BKPM) from the Trade Ministry and to make itfully responsible to the president.
Thu, 01 Mar 2007
PT Telkom plans to lower Internet Speedy access rate
"slowly". hmmm ... not very appealing.there is no requirement whatsoever in indonesia for truth in advertising.
Thu, 01 Mar 2007
PT Telkom plans to lower Internet Speedy access rate
Can I also suggest they change the name for Slowy? Lower the price is just making it fair, right now it's so expensive for a crapy connection like that.
Thu, 01 Mar 2007
PT Telkom plans to lower Internet Speedy access rate
Nusa Dua, Bali (ANTARA News) - State telecommunications firm PT Telkom is trying to reduce the rate of Internet broadband access called Speedy by 30 percent in 2007 and by another 20 to 30 percent in 2008, the company`s director Arwin Rasyid said here.
Thu, 01 Mar 2007
Investment in construction industry to grow 10%, says industry executive
Total investment in the national construction industry is likely to increase by 10 percent to Rp 250 trillion (US$27.5 billion) this year, according to an industry executive."The investment will be used to finance both government and private-sector projects," Sulistijo Sidarto Mulyo, the president...
Thu, 01 Mar 2007
New bill offers more protection for rupiah
A House special committee was established Tuesday tasked with deliberating the new legal tender bill, which will replace provisions governing the national currency that are currently found in the Bank Indonesia Law, the Criminal Code, the 1981 Currency Counterfeiting Law and the 2003 State Finances...
Thu, 01 Mar 2007
Let us cheer, not fear, the arrival of foreign banks
The dilution of the deposit insurance scheme to a maximum of Rp 100 million (US$10,500) per account next month will unleash stronger market forces to screen banks, as depositors will have to be more careful about choosing the financial institutions they deal with.