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Fri, 30 Mar 2007
Investment bill passed by House
The House of Representatives finally endorsed the long awaited Investment Law on Thursday amid a walk-out by legislators of one of the main political parties, and noisy protests from non-governmental organizations.
Fri, 30 Mar 2007
Hutchinson Launches 3G Service
TEMPO Interactive, Jakarta: PT Hutchinson CP Telecom Indonesia launched third generation-based (3G) cellular telecommunication service yesterday (29/3). In the first stage, the service called '3' will be available commercially in 67 cities in Java.Hutchinson Telecommunication International Ltd.
Fri, 30 Mar 2007
Norway Asks Indonesia to Apply Definitive Tax System
TEMPO Interactive, Jakarta: Norwegian Prime Minister Jens Stoltenberg has asked Indonesia to apply a tax system that is open, stable and has legal certainty. According to him, many companies in Norway are interested in investing here: for example, an oil and gas company.
Fri, 30 Mar 2007
Two Parties Turn Down Law on Capital Investment
TEMPO Interactive, Jakarta: The House of Representatives (DPR) has yesterday (03/29) approved a Draft Bill on Capital Investment to be legalized as law. However, in the plenary session, the Indonesian Democratic Party-Struggle (PDIP) and National Awakening Party (PKB) Factions rejected the decision.
Fri, 30 Mar 2007
Deliberation of tax bills deadlocked again
Coordinating Minister for the Economy Boediono said Thursday he was upbeat that a much-awaited new package of tax legislation could be passed into law this year, despite the prolonged debate."We're optimistic (that the deliberations can be completed this year), as this is necessary for all our...
Fri, 30 Mar 2007
Qatar Airways expected to bring more foreign tourists to Bali
With the launch of direct flight from Doha to Bali's provincial capital, Denpasar, last week, Qatar Airways is expected to help bring more tourists from the Middle East and Europe to the resort island.Speaking Thursday to reporters at a media gathering at the Ritz Carlton hotel in Jimbaran Bay,...
Fri, 30 Mar 2007
Hutchison enters tight RI mobile market
Hutchison Charoen Pokphand Telecom (HCPT) Indonesia became the latest newcomer to the country's already crowded cellular communications industry after it rolled out its nationwide GSM-based services Thursday.
Fri, 30 Mar 2007
Govt to reduce number of sectors in negative investment list
Jakarta (ANTARA News) - The Indonesian government will slash the number of sectors on its negative investment list to attract more investors after the House of Representatives passed an investment bill into law on Thursday, an official said.
Fri, 30 Mar 2007
Indonesia expects investment to grow by 10 percent
Jakarta (ANTARA News) - Indonesia is expecting this year`s investment to grow like before the economic crisis reaching around 10 percent following the passage of the new investment bill into law by the House of Representatives on Thursday.
Thu, 29 Mar 2007
NGOs may seek judicial review of investment bill
A coalition of non-governmental organizations has said it will seek a judicial review if the House of Representatives passes the investment bill on Thursday.After nearly a year of deliberation, the House is set to pass into law the bill, which aims to improve the country's investment climate by...
Thu, 29 Mar 2007
Slower-than-expected economic growth in 2007? Think again
Recent statements made by high-ranking Indonesian officials suggest that the Indonesian economy may not grow as briskly as expected. A deeper analysis, however, suggests that the country's growth momentum remains intact.
Thu, 29 Mar 2007
Shell Indonesia expands Jakarta retail locations
The local arm of Royal Dutch Shell Plc. opened a new gas station in Jakarta on Wednesday, which should further intensify the competition in the country's retail gasoline industry.The new Shell Indonesia station, located on Jl. Yos Soedarso in North Jakarta, is its seventh outlet in the country.
Thu, 29 Mar 2007
Japan funds infrastructure
Japan, Indonesia's largest donor country, has agreed to provide Jakarta with US$847.2 million in soft loans to help finance nine infrastructure and social projects in the country.The terms of the loans vary among the nine projects, with annual interest rates ranging from 0.4 to 1.
Thu, 29 Mar 2007
Warnets Reject Microsoft MoU
TEMPO Interactive, Jakarta: Internet kiosk, or Warnet entrepreneurs have objected to continue the computer legalization agreement with Microsoft.The “Microsoft software rental agreement” (MSRA) has been going on for a year.
Thu, 29 Mar 2007
Draft Bill on Taxes Only to be Completed in May
TEMPO Interactive, Jakarta: It is certain that the legalization of Draft Bill on General Provisions and Guidelines of Taxes (Draft Bill on Taxes) into law will be delayed.“The Draft Bill on Taxes cannot be completed in March.
Thu, 29 Mar 2007
Pro-National Ship Regulation to be Completed in June
TEMPO Interactive, Jakarta: The government is targeting that the regulation on national ship empowerment will be completed in June 2007.The regulation is aimed at backing up Presidential Instruction Number 5/2005 on the empowerment of National Shipping Industry which was been enacted two years ago.
Wed, 28 Mar 2007
Capital Investment Draft Bill Pro-Foreign Investors
TEMPO Interactive, Jakarta: The government has confirmed that the Draft Bill on Capital Investment, which the Trade and Industry Commission of the House of Representatives (DPR) has approved, does not differentiate between local and foreign investors.
Wed, 28 Mar 2007
ADB: Indonesia's Economic Development Continues Improving
TEMPO Interactive, Jakarta: Indonesia’s economic improvement in 2007-2008 will continue rising.This optimism has been stated by the Country Director of Asia Development Bank (ADB) Edgar A. Chua.According to ADB's predictions, the growth in Indonesia's economy this year is estimated to reach six...
Wed, 28 Mar 2007
Pertamina Acknowledges LPG Scarcity
TEMPO Interactive, Jakarta: PT Pertamina has acknowledged that there is a scarcity of Liquefied Petroleum Gas (LPG) in several regions in Indonesia.Toharso, Pertamina’s spokesperson, said that the shortage of LPG supplies was because Processing Refinery Unit V in Balikpapan was carrying out...
Wed, 28 Mar 2007
Bill ends government railway monopoly
Under the spotlight of a massive rally in front of the State Palace, the House of Representatives approved Tuesday the rail transportation bill, allowing the private sector to take part in the rail industry.
Wed, 28 Mar 2007
Politics of corruption in Indonesia
JAKARTA - Indonesia's politics of corruption has always been murky, with untold billions of dollars spirited from state coffers into politicians' personal accounts during strongman Suharto's 32-year tenure.
Tue, 27 Mar 2007
House Approves Investment Bill
TEMPO Interactive, Jakarta: Despite being opposed by many groups, the House Commerce and Industry Commission approved the Investment Draft Bill to be passed into a Decree. According to several parliament members, the bill still contains many weaknesses.
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
I never said they were small --- The point i am trying to make is they are not set up to be commercially viable. They have more chance of being profitable if they stick to the local market, Singapore, Malaysia routes.
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
Garuda it's not a small company. why in your opinion they should stick to the local market? please read again the topic.
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
How is that an insult Ella?? The simple fact is the International airline industry has over the past few years cut staffing levels by thousands in order to compete. Garuda is still a government company and therefore will never cut staffing levels.
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
I can't see garuda competing in the international market these days .... They are still run by a bunch of "government people" who don't posses the commercial skills needed to become a trusted airline. They have lost too many routes and Indonesia's safety record will make people think twice before...
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
loh kok postingnya pindah?? tadi kan nggak disini hahahaha............!!
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
Flag carrier Garuda Indonesia says it will purchase 25 new Boeing 737-800 aircraft as part of its long-term business plan to upgrade its aging fleet and return the airline to profitability.Garuda Indonesia president director Emirsyah Satar said in Jakarta on Monday the first Boeing planes would be...
Tue, 27 Mar 2007
Govt told to get out of banking
Indonesia's banking sector must improve its risk management capabilities to avoid a repeat of the 1997 economic crisis, a former Australian prime minister and treasurer says.Paul Keating said giving up government ownership in commercial banks, developing more sustainable lending markets fitted to...
Tue, 27 Mar 2007
Minister: East Asia forum not to discuss new membership
Jakarta (ANTARA News) - Foreign Minister Hassan Wirajuda said here on Monday the East Asia Forum would not discuss new membership, but would rather focus on internal consolidation."In the past two meetings the number of participants remained unchanged at 16 countries - 10 from the Association of...
Tue, 27 Mar 2007
Firm launches top 10 guide to RI banking
Independent research and advisory firm Financial Insights, an IDC company, announced Monday a set of guidelines for banks and service providers that want to take advantage of the strong growth prospects in Indonesia's banking sector.
Tue, 27 Mar 2007
KTB launches new truck models to increase sluggish sales
PT Krama Yudha Tiga Berlian Motors (KTB), manufacturer of the country's leading commercial vehicle, the Mitsubishi Colt Diesel truck, has launched eight new product series. The company aims to boost vehicle sales to 48,000 this year from 40,000 last year.
Tue, 27 Mar 2007
Bankers summit showcases RI progress
Having gone through years of slow, painful and costly recovery since the 1997-1998 monetary crisis, the country's banking sector is now ready to take the lead in supporting economic growth, Bank Indonesia Governor Burhanuddin Abdullah said Monday.
Tue, 27 Mar 2007
Sampoerna Acquires Marlboro License
TEMPO Interactive, Jakarta: PT Hanjaya Mandala Sampoerna Tbk. has acquired the license from PT Philip Morris Products SA to produce Marlboro Filter and Marlboro Mix 9 cigarettes.“The license was the permission to produce and/or market Philip Morris cigarette products directly or indirectly in...
Tue, 27 Mar 2007
Cocoa Exports to Exceed US$1 Billion
TEMPO Interactive, Jakarta: Cocoa producers have stated that the value of exports this year is estimated to reach US$950 million.Head of the Indonesian Cocoa Association Halim Abdul Razak said that the growth of export this year will be between 20 percent and 30 percent.
Tue, 27 Mar 2007
Tanjung Priok Customs Reduces Employees by 400
TEMPO Interactive, Jakarta: The Customs & Excise Regional Bureau IV of Tanjung Priok Harbor will reduce the number of its employees by 400.They will be moved to other bonded zone areas under the aegis of the Customs Directorate General.
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
i think it's to make a new image on Garuda buying new boeing planes
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
I heard that Garuda is buying new Boeing planes.Are these new planes going to be use for domestic, International routes? Anyone with more insight on this?I am smelling Garuda's public relation working hard to ease the fear of public flying.
Tue, 27 Mar 2007
President denies govt obstructs improvement of investment climate
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono denied that the government has no commitment to improve the current investment climate in the country as certain circles claimed."I am fed up with those charges.
Mon, 26 Mar 2007
Indonesia`s Medco to build US$58 mln office tower
Jakarta (ANTARA News/Asia Pulse) - The country's largest local energy company the Medco Group is building its own 43-floor tower in South Jakarta, with a total investment of Rp520 billion (US$57.7 million).
Mon, 26 Mar 2007
Govt affirms commitment to investment projects
The government has reiterated its commitment to attracting more foreign investment, affirming its guarantees for major infrastructure projects and longer-term land and property use titles for foreign investors.
Mon, 26 Mar 2007
Change in RI gas policy may affect ambitious ASEAN pipeline plan
Almost five years ago, energy ministers from countries grouped in the Association of Southeast Asian Nations (ASEAN) reached an agreement to build a regional gas pipeline project, called Trans ASEAN Gas Pipeline (TAGP), to alleviate future energy shortages and bolster regional development.
Mon, 26 Mar 2007
Indosat plans to invest US$1 billion to boost growth
The country's second largest phone company, PT Indosat, has set aside a minimum of US$1 billion in capital expenditure this year to bounce back from slower growth last year."This year's net profit growth will be somewhat equal to income growth which is around 20 percent," Indosat finance director...
Mon, 26 Mar 2007
Entrepreneurs Protest at Proposed New Taxes Draft Bill
TEMPO Interactive, Jakarta: Entrepreneurs are once again protesting at the government's new proposals in discussing the Draft Bill on Taxes’ General Provisions and Guidelines.Entrepreneurs consider that the new proposal will burden entrepreneurs and may hamper the investment climate in the future.
Mon, 26 Mar 2007
Carrefour to Open 10 New Hypermarkets
Kuku, do you know if Carrefour owns the buildings or lease in Indonesia? I read recently about a majority shareholder (French national) wants to sell most of Carrefour's properties worldwide and lease them back to Carrefour.
Mon, 26 Mar 2007
Investment in Auto Sector Tipped to Surge
In the US, the big three car makers, GM, Ford, Chrysler are in trouble, losing billion of dollars for the last few years. Chrysler is selling its European, Aston Martin, I believe to private equity firm. However, GM is finding China to be lucrative market now and GM cars selling like crazy in China.
Mon, 26 Mar 2007
Investment in Auto Sector Tipped to Surge
the local car market is starting to stall ... I know that GM, Ford and Astra are finding things a little sticky in Indonesia
Mon, 26 Mar 2007
Investment in Auto Sector Tipped to Surge
hard to know whether it's "real" investment or not. car industry worldwide is always throwing huge figures about to impress governments. one question is, how strong really is the local car market? frankly, it's looking soft to me.
Mon, 26 Mar 2007
Investment in Auto Sector Tipped to Surge
For the past few months I have read article and article about how strong the automotive industry is looking .... My question is does anybody know if this investment is secured and are car manufacturers looking at Indonesia seriously, or is this the government talking things up in a desperate...