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Sun, 07 Mar 2010
BKPM streamlining negative investment list
Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) is streamlining the country`s negative investment list (DNI) to avoid different interpretations among investors, its chairman Gita Wirjawan said.
Sun, 07 Mar 2010
Palm oil tested on sustainability
NUSA DUA, Bali - Palm oil plantations play a major role in the growing problems of deforestation and greenhouse gas emissions in Indonesia and tropical woodlands around the world. Last week's gathering of the International Conference on Oil Palm and Environment (ICOPE) is one move toward making the...
Sun, 07 Mar 2010
IPA to hold exhibition to boost investment
JAKARTA: The Indonesian Petroleum Association (IPA) will hold its 34th Convention and Exhibition themed "Investing Together for Future Growth".Indonesia's premier event for the oil and gas industry aims to help boost and attract investment.
Sat, 06 Mar 2010
Indonesia says Unilever move on palm oil "unfair"
JAKARTA (Reuters) - A move by Unilever to stop buying palm oil from Indonesia's top supplier Sinar Mas and to blacklist another supplier PT Duta Palma was "unfair," Indonesian Agriculture Minister Suswono said on Friday.
Sat, 06 Mar 2010
Netherlands to help promote Indonesia’s CPO exports
The Netherlands has agreed to provide Indonesia with capacity building programs to help deal with a new European Union directive on imports of crude palm oil (CPO).“There’s an EU directive. The Netherlands has promised to help us, firstly, to understand the EU directive and help us meet the...
Fri, 05 Mar 2010
Indonesia, Netherlands agree to Boost trade, investment relations
Jakarta (ANTARA News) - Indonesia and the Netherlands at a meeting here Thursday agreed to step up their bilateral relations in the trade and investment fields.The mutual commitment was formalized in the agreed minutes of the 20th meeting of the two countries` Joint Commission on Bilateral Economic...
Fri, 05 Mar 2010
Indonesian Environmental Forum: Food Estate a Dangerous Project
TEMPO Interactive, Jakarta:There is a protest against the food estate project once again.This time it is the Indonesian Environment Forum (WALHI) that has spoken up."If this project continues, then Indonesia would enter a period of validated land seizures," said M.
Fri, 05 Mar 2010
‘Good Economics’ to Trump ‘Bad Politics’ in Indonesia Over the Longer Term, Analysts Predict
Bitter divisions in the government’s ruling coalition will stifle policy making and slow reform, but the country’s strong fundamentals, founded on robust domestic demand, should prevent asset prices from suffering much for the moment.
Fri, 05 Mar 2010
Indonesian Property Sector Backs New Rules for Foreigners
The property sector applauded the government’s announcement on Wednesday that it intended to allow foreign nationals to take out property leases of up to 95 years, instead of the current 25-year maximum, but noted that key details of the plan had yet to be released.
Thu, 04 Mar 2010
Indonesia's Energy Firms Eager To Access Forest Land
Quoting: VulgarianOh how thinly veiled is this? From the slant, you'd think that they're trying to set up nothing but geothermal energy plants. You almost miss the intro: Quote:A new presidential decree allowing mining, power plant, transport and renewable energy projects in protected forests was...
Thu, 04 Mar 2010
Indonesia's Energy Firms Eager To Access Forest Land
Oh how thinly veiled is this? From the slant, you'd think that they're trying to set up nothing but geothermal energy plants. You almost miss the intro: Quote:A new presidential decree allowing mining, power plant, transport and renewable energy projects in protected forests was welcomed by...
Thu, 04 Mar 2010
Indonesian Lenders Planning to Create Credit Bureau to Expand Market Reach
Domestic lenders are planning to establish an independent credit bureau to help target retail customers and small companies, a senior PT Bank Danamon executive said on Wednesday.To speed up the loan-application process, the credit bureau would be designed to offer lenders more up-to-date and...
Thu, 04 Mar 2010
Indonesia's Energy Firms Eager To Access Forest Land
A new presidential decree allowing mining, power plant, transport and renewable energy projects in protected forests was welcomed by companies in those sectors on Wednesday.PT Pertamina Geothermal Energy said it could now proceed with the construction of geothermal projects that could produce as...
Thu, 04 Mar 2010
Agricultural Exports Face Cargo Problems
TEMPO Interactive, Semarang:The Central Java Agriculture Office’s Food, Plants and Horticulture chief Aris Budiono said the exports of horticultural products face delivery problems because no airlines have offered direct cargo delivery overseas.
Wed, 03 Mar 2010
Rio Tinto Wins Indonesia Permit
JAKARTA - The Indonesian unit of Rio Tinto PLC has been granted a mining permit for its planned $2 billion nickel project on Sulawesi island, the company said Tuesday, making it the first mining company to gain investment approval under Indonesia's new mining law.
Wed, 03 Mar 2010
$600m Lombok Mega-Resort Tender Results Slated for May
The nation’s Investment Coordinating Board confirmed to journalists on Tuesday that tender results for the long-delayed $600 million resort project in Lombok would be released in May.“We now have a total candidate of five candidates, and Emaar [Properties] is still one of them,” Gita...
Wed, 03 Mar 2010
$1b Qatari Investment Fund Nears Realization
$1b Qatari Investment Fund Nears Realizationby Janeman LatulAfter months of uncertainty, Qatar Holding, the investment arm of the sovereign fund Qatar Investment Authority, is on the brink of establishing a wholly owned investment vehicle in Indonesia with start-up capital of $1 billion, a senior...
Wed, 03 Mar 2010
Foreign Investment 'Vital to GDP Growth'
The government’s top investment official on Tuesday appealed to the Indonesian people not to fall under the spell of a counter-productive economic nationalism, saying foreign investment was needed to develop the economy.
Wed, 03 Mar 2010
Indonesia sees investment spin-off from Obama visit
US President Barack Obama's trip to Indonesia should boost investment in Southeast Asia's biggest economy and curb negative perceptions on doing business in the nation, Indonesia's investment agency said today.
Wed, 03 Mar 2010
RI builds warning system for food safety
The government is currently building an early warning system on food safety to ensure that all food products entering the country meet both national and international standards. Chairwoman of the food and drug monitoring agency (BPOM) Kustantinah said in Jakarta on Tuesday that the system would be...
Wed, 03 Mar 2010
BKPM chief believes Century chaos not to affect investment
Jakarta (ANTARA News) - Head of the Capital Investment Coordinating Board (BKPM), Gita Wirjawan, said he did not believe the chaos over the Bank Century case at the House plenary session on Tuesday would affect investment."It will not affect investment in general.
Wed, 03 Mar 2010
BKPM promoting "Remarkable Indonesia"
Jakarta (ANTARA News) - Head of Investment Coordinating Board (BKPM) Gita Wirjawan said he will start promoting investment with the slogan of the Indonesian Chamber of Commerce and Industry (Kadin) "Remarkable Indonesia".
Tue, 02 Mar 2010
Indonesia, Vietnam agree to strengthen business ties
Indonesian and Vietnamese businessmen have pledged to help each other in promoting trade and investment opportunities in the two countries, both members of the Association of Southeast Asian Nations (ASEAN).
Tue, 02 Mar 2010
FACTBOX-Key political risks to watch in Indonesia
CurrenciesJAKARTA, March 2 (Reuters) - Strong growth and political stability made Indonesia Southeast Asia's most attractive investment destination last year, but the outlook is threatened by a struggle between reformers and powerful vested interests.
Tue, 02 Mar 2010
Indonesia’s Potential Geothermal Energy Equivalent to 19 Billion Barrels of Oil
TEMPO Interactive, Bengkulu:The potential of Indonesia’s geothermal energy is 27,710 megawatts (MW) or equivalent to 19 billion barrels of oil.The capacity presently installed is only 4.3 percent or 1,189 MW out of the 2025 geothermal energy development target which was set at 9,500 MW.
Tue, 02 Mar 2010
Enough is Enough in Karangasem
Bali Lawmaker in Karangasem Claims Hotel and Restaurant Sector is Overbuilt.(3/1/2010) A member of the local House of Representatives in Karangasem (DPRD-Karangasem), Nyoman Sadra, told the Bali Post that the hotel and restaurant sector in Karangasem is over-saturated and new developments should...
Mon, 01 Mar 2010
‘Good Reason for Optimism’ Ahead of Obama’s Indonesia Visit
The chairman of the Investment Coordinating Board has said closer ties with the United States and President Barack Obama’s forthcoming visit should help push Indonesia closer to being a trillion-dollar economy within five years, despite that meaning a growth rate of up to 15 percent a year.
Mon, 01 Mar 2010
Negative List Changes Won’t Hit Existing Foreign Investors
The planned revisions to the negative investment list will not be enforced retroactively, according to Finance Minister Sri Mulyani Indrawati.The government is finalizing a revision of the 2007 presidential decree that bans or limits foreign investment in certain sectors.
Mon, 01 Mar 2010
Asean Works to Boost Trade, ‘Project Voice’ on World Stage
The 10-member Association of Southeast Asian Nations will accelerate efforts to increase investment and to boost trade in services as it seeks a greater role in driving the global economy.Asean trade ministers set deadlines for completing agreements covering investments and trade in goods and...
Mon, 01 Mar 2010
House Urges KPPU to Protect Indonesian Companies Under ACFTA
The House of Representatives’ Commission VI, which oversees trade and industry, has asked the Business Competition Supervisory Commission to step up efforts to protect domestic businesses from unfair business practices under the Asean-China Free Trade Agreement.