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Wed, 04 Mar 2009
Less imported raw materials: Industrial output to fall
In addition to declining exports, Indonesia’s industry is under another threat of equally great significance - a continued drop in imports of key raw materials.Such conditions could have a major impact on the unemployment rate, said Edy Putra, a deputy to the Coordinating Minister for the...
Wed, 04 Mar 2009
CPO Imports to European Union Increase
TEMPO Interactive, Jakarta: Crude Palm Oil (CPO) imports from Indonesia and Malaysia to the European Union (EU) increased last year. At the same time however, the EU is discussing a proposal accusing Indonesia of deforestation.
Tue, 03 Mar 2009
Mining Law regulations expected by July: Ministry
The Energy and Mineral Resources Ministry expects implementing regulations for the recently enacted Mining Law to be ready by July at the latest, hopefully clearing the way for a resumption of investment in the sector, The Jakarta Globe reported.
Tue, 03 Mar 2009
Govt. expects higher 2009 oil exploration: BP Migas
The government expects oil contractors operating in Indonesia to boost exploration spending by 50% to $2.7 billion in 2009 from $1.8 billion in 2008, a senior official at the upstream oil and gas regulatory body told Reuters on Friday.
Tue, 03 Mar 2009
Tourism revenue predicted to decline 10%
Earnings from the tourism sector are forecast to shrink 10% to $6.75 billion this year from $7.5 billion last year despite an expected increase in the number of visitors, an official from the Tourism and Culture Ministry said, Asia Pulse reported.Last year, 6.
Tue, 03 Mar 2009
Hutchison to invest up to $1B in Indonesia
Hong Kong-based telecommunications company Hutchison Telecom International says it is committed to Indonesian and will invest up to $1 billion until 2010, Asia Pulse reported.The statement came after reports that it would abandon projects in the country and was seeking buyers for its stake in PT...
Tue, 03 Mar 2009
Foreign investment jumps 61% in January: BKPM Foreign direct investment jumped 61% to Rp6.39 trillion ($536 milli
Foreign direct investment jumped 61% to Rp6.39 trillion ($536 million) in January from a year ago despite the global economic downturn, the Investment Coordinating Board (BKPM) said on Tuesday, Reuters reported.
Tue, 03 Mar 2009
Indonesia's Exports Plunge Most in 22 Years, Inflation Slows Email | Print | A A A By Aloysius Unditu and Ari
March 2 (Bloomberg) -- Indonesia's exports fell the most in more than 22 years in January and inflation slowed the following month, increasing scope for the central bank to reduce its benchmark interest rate this week.Overseas shipments plunged 35.5 percent to $7.
Tue, 03 Mar 2009
UAE fund plans Indonesia coal rail link
JAKARTA, March 2 (Reuters) - A United Arab Emirates' fund signed a memorandum of understanding on Monday with an Indonesian provinicial government on developing a 125 km (80 mile) rail link and jetty for coal transportation in East Kalimantan.
Tue, 03 Mar 2009
Indonesia realizes promotion to Middle East still insufficient
Jakarta (ANTARA News) - Indonesia realizes that its promotion to the Middle East is still insufficient causing investment from the region remains low.The country`s state enterprise minister, Sofyan Djalilm said here on Monday "we are still under-promoted in the Middle East so that only few...
Tue, 03 Mar 2009
Exports Tumble in January As Global Slump Hits Home
Indonesia’s exports skidded dramatically in January, by 36.8 percent year-on-year and 17.70 percent month-on-month, the Central Statistics Agency, or BPS, reported on Monday.Demand weakened in every major trading destination. Imports fell as well, down 17.63 percent from December to $6.
Tue, 03 Mar 2009
$3 billion WIEF Investment Falls Short of Goal
Indonesia’s high hopes of netting a hefty investment package at the much-awaited fifth World Islamic Economic Forum were sobered on Monday with conference organizers announcing oil-rich Middle Eastern countries were only bringing $3 billion in potential investments to the table, well short of the...
Mon, 02 Mar 2009
Jakarta Predicted to be Underwater By 2012
we're sinking!!Jakarta Predicted to be Underwater By 2012TEMPO Interactive, Jakarta:Firdaus Ali, a technical environment researcher from the University of Indonesia, predicts that Jakarta will be underwater before the year 2012.
Mon, 02 Mar 2009
High Hopes That Economic Forum Will Pay Off
Indonesia will try to lure Middle Eastern investors to put their money to work in Southeast Asia’s largest economy during the fifth World Islamic Economic Forum, or WIEF, being held in Jakarta from Monday through Tuesday.