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Wed, 30 Apr 2008
Government sets target of all areas in RI having broadband access in 2015
Jakarta (ANTARA News) - The government has set itself the target of making all areas in Indonesia have broadband access for connection to universal internet in 2015, a minister has said."At a meeting in Bangkok last week, APEC telecommunications and industry ministers set a target of making all...
Wed, 30 Apr 2008
Govt needs to issue transparency standards for oil and gas companies
Jakarta (ANTARA News) - The Indonesian International Transparency (TII) non-governmental organization (NG) and the Publish What You Pay coalition had urged the government to issue rulings and standards impelling oil and gas companies operating in Indonesia to carry out their business activities...
Wed, 30 Apr 2008
Govt should include training in education system: Apindo
Despite a high number of job seekers here, businesses are still finding it difficult to hire reliable competent workers, says a business group.Nina Tursinah, deputy chairwoman of the Indonesian Employers Association (Apindo), said to help overcome the problem, the government needed to improve the...
Wed, 30 Apr 2008
Rio Tinto secures deal with govt on tax system for massive project
Rio Tinto, the world's second largest mining company, announced Monday it reached an agreement with the government over a tax privilege for its planned US$1.5 billion nickel project in Sulawesi.The tax facility would be given based on a combination of fixed and prevailing rates, the company said in...
Wed, 30 Apr 2008
Govt may again revise industrial growth target on oil prices
Novia D. Rulistia, The Jakarta Post, Jakarta The government may again reduce its industrial output growth target for this year as soaring oil prices push up production costs and inflation."The revision is automatic. The government also revised its state budget and reduced its growth target from 6.
Tue, 29 Apr 2008
Indonesia expects more coal exports
Indonesia's coal mining group expects the country to export 170 million tons of the resource in 2008, the same as in 2007, quelling fears that the world's top exporter of thermal coal may cap shipments to feed fast-growing domestic demand, Reuters reported Tuesday (15/4/08).
Tue, 29 Apr 2008
Govt. plans to limit mining areas: legislator
Indonesia plans to limit the area that metal and coal mining firms can explore in the mineral-rich country in a bid to prevent domination by a few companies, a legislator said on Monday (14/4/08), Reuters reported.
Tue, 29 Apr 2008
Q1 motorcycle sales rise 37%, led by Honda
Motorcycle sales in Indonesia rose 37% to 1.44 million in the first quarter from the same period last year, led by Honda, data from an industry group showed on Monday (14/4/08), Thomson Financial reported.
Tue, 29 Apr 2008
Foreign share in domestic port business limited to 49%
The government is to open the port sector for investments from both national and foreign parties starting from next year following the approval of a government regulation on investments in the port sector, Bisnis Indonesia reported Friday (18/4/08).
Tue, 29 Apr 2008
Malaysia's TDM to develop plantation land
TDM Bhd of Malaysia has signed a heads of agreement (HoA) with its subsidiary, PT Rafi Kamajaya Abadi, and H. Rahman to acquire and develop 30,000 hectares of oil palm plantation land, Asia Pulse reported Monday (14/4/08).
Tue, 29 Apr 2008
1Q investment realization up 80% on year
Indonesia recorded an 80% on-year increase in actual investment in the first quarter of the year, head of the official Investment Board (BKPM) Muhammad Lutfi said Monday (14/4/08), Dow Jones reported.He added that investment in telecommunications, pulp and paper projects accounted for the largest...
Tue, 29 Apr 2008
Commodities to drive investment: BKPM
The country's investment sector will grow 15.2% this year despite fears of global economic woes, the chief of the investment board (BKPM) said, while a survey by ING Bank placed Indonesia third on the list of countries likely to come out best from the crisis, after China and India.BKPM chief M.
Mon, 28 Apr 2008
Investment incentives needed for CPO derivative products: Saratoga
As a country rich with natural resources, Indonesia is adapting to the soaring commodity prices with the hope to balance increasing profits while securing supplies for the domestic market.One commodity seeing rapid growth globally is crude palm oil (CPO), mostly driven by demand from biofuel...
Mon, 28 Apr 2008
RI to miss oil production target this year as subsidy threat looms
Already under threat of a fiscal calamity amid soaring oil prices and unrealistic government fuel subsidy spending, Indonesia is expected to miss this year's oil production target of 977,000 barrels per day (bpd), the Energy and Mineral Resources Ministry said.
Mon, 28 Apr 2008
Ciputra to invest US$1.1 bln in luxury housing project
Jakarta (ANTARA News/Asia Pulse) - Indonesian publicly-traded construction company PT Ciputra Development (JSX:CTRA) said it will build luxury homes worth Rp10 trillion (US$1.1 billion) in Palembang and Balikpapan.
Mon, 28 Apr 2008
Sustainable energy scenario could save Asia US$766 billion
Bangkok (ANTARA News) - If Asian-Pacific governments follow a more sustainable energy paradigm they can shave 766 billion dollars off the estimated 9 trillion dollars needed to improve their energy infrastructure by 2030, a United Nations report concluded Monday.
Mon, 28 Apr 2008
President: Fight against land speculators impeding development
I assumed it was officials with inside knowledge acquiring the desired land then negotiating a sale at vastly inflated rates.
Mon, 28 Apr 2008
President: Fight against land speculators impeding development
What is the definition of land speculation?
Mon, 28 Apr 2008
President: Fight against land speculators impeding development
Surabaya, East Java (ANTARA News) - President Susilo Bambang Yudhoyono on Sunday asked public and government officials to fight land speculators who have impeded the development of infrastructure facilities in the country.
Mon, 28 Apr 2008
PLN to fine suppliers for delayed coal deliveries
Jakarta (ANTARA News) - State-owned electricity company (PLN) is considering imposing a sanction on suppliers who delay their coal supplies to PLN, its president director Fahmi Mochtar said."A fine will be imposed as part of efforts to remind them on the importance of their responsibility for...
Mon, 28 Apr 2008
Foreign tourists to Indonesia up 30 percent
Denpasar (ANTARA News) - Minister of Culture and Tourism Jero Wacik predicted that the number of foreign tourists to Indonesia in the next couple of months will increase by 30 percent compared to last year`s rate of increase.
Mon, 28 Apr 2008
Australia`s Oxiana receives final approval for Martabe project in Indonesia
Sydney (ANTARA News) - Australian base metals miner Oxiana Ltd. said on Monday it has received final approval from Indonesian authorities for the Martabe gold project in the Indonesian province of North Sumatra.
Mon, 28 Apr 2008
Agency to audit groundwater use by businesses
The city mining agency will soon audit businesses that use both groundwater and tap water, agency head Peni Susanti said Wednesday.She said 3,655 businesses held agency-issued permits to use groundwater, 70 percent of which also had artesian wells.
Mon, 28 Apr 2008
Indonesian exports seen bouncing back in March on stronger oil and gas prices
Jakarta (ANTARA News) - Indonesian exports probably bounced back in March, after dropping slightly in February, helped by stronger oil and gas prices, economists said over the weekend.Exports stood at $10.53 billion in February, down 5 percent from theall-time high of $11.
Sat, 26 Apr 2008
Regional Autonomy Should Benefit People, President Says
Batulicin, S Kalimantan (ANTARA News) - President Susilo Bambang Yudhoyono said the exercising of regional autonomy (OTDA) powers and the creation of new provinces or districts should lead to clear benefits for the people and not be done only to imitate others.
Sat, 26 Apr 2008
Crackdown on Construction Near Uluwatu
Governor Beratha Warns Building Owners within 5 KM Radius of Uluwatu They Face Prison and Fines.(4/26/2008) Public complaints that villas have been built within a 5 kilometer "no-building" sacred zone surround Bali's Uluwatu temple, have caused Bali's Governor Made Beratha to request an urgent...
Sat, 26 Apr 2008
Plantation, mining booms give cement market a boost
The Jakarta Post , Jakarta | Sat, 04/26/2008 12:02 PM | BusinessThe cement market grew 17 percent in the first quarter, with eastern parts of the country recording the highest growth, a business executive says.
Sat, 26 Apr 2008
India Aggressive in Controlling Coal Market in Indonesia
Friday, 25 April, 2008 | 19:49 WIBTEMPO Interactive, Jakarta: Indian investors are more aggressive in searching for coal mines in Indonesia to meet the needs of the country’s energy sources. They are now competing to acquire coal producers from Indonesia.
Sat, 26 Apr 2008
Govt advised to raise fuel prices in June 2008
Finally some common sense, however, it may be unlikely as I cannot see SBY wanting to increase fuel prices for a second time in his first term of office...
Sat, 26 Apr 2008
Yudhoyono calls on banks to support small-scale businesses
Batulicin, South Kalimantan (ANTARA News) - President Susilo Bambang Yudhoyono called on the national banking industry to support small-scale businesses in the country with credits."I call on national banks to extend credits in huge amounts to people`s small businesses," he said at a function to...
Sat, 26 Apr 2008
Antam to start building US$400 mln alumina plant in Tayan, W Kalimantan
Jakarta (ANTARA News/Asia Pulse) - Indonesia's state-owned mining company PT Aneka Tambang (Antam) (JSX:ANTM) is set to start construction of a US$400 million alumina factory in Tayan, West Kalimantan.Based on the feasibility study, the cost of the project will rise to to US$400 million from an...
Sat, 26 Apr 2008
India`s Gail, Pertamina to cooperate in oil and gas business
Jakarta (ANTARA News/Asia Pulse) - Indonesian state oil and gas company PT Pertamina said it has agreed with India's GAIL Ltd (BSE:532155) to cooperate in the oil and gas business in the upstream and downstream sectors.
Sat, 26 Apr 2008
Govt advised to raise fuel prices in June 2008
Jakarta (ANTARA News) - The government must make a decision on fuel price hike as early as June 2008 in reaction to the surging global oil prices, an economist said."Whether we like it or not there must be a government decision on fuel price hike next June or the government has the guts to ensure...
Fri, 25 Apr 2008
Eco-friendly timber firms want incentives
Forestry companies producing eco-friendly timber pleaded at the Asia-Pacific forest conference on Thursday for incentives to help with rising operating costs while demand for sustainable wood-related products remains sluggish.
Fri, 25 Apr 2008
Singapore businessmen exploring investment prospects in Yogyakarta
Yogyakarta (ANTARA News) - A group of 30 Singaporean businessmen led by President of The Singapore Chinese Chamber of Commerce and Industry (SCCCI), Chuan Thian Poh, visited Yogyakarta on Thursday to explore business opportunities in the region.
Fri, 25 Apr 2008
Indonesia needs to develop alternative energy sources - observer
Padang (ANTARA News) - Indonesia needs to develop new alternative energy sources in anticipation of an upward trend in world oil prices, agriculture observer Asdi Agustar of Andalas University said here on Thursday.
Fri, 25 Apr 2008
Banking Loans Grow by 30 Percent
Thursday, 24 April, 2008 | 16:54 WIBTEMPO Interactive, Jakarta: Bank Indonesia (BI) has recorded that banking loans up until the first quarter of 2008 have grown by 30 percent.This rate is higher when compared to the targeted loans of 24 percent, and total disbursed loans amounted to more than...
Fri, 25 Apr 2008
Indonesia Can Endure Economic Upheaval
Thursday, 24 April, 2008 | 17:02 WIBTEMPO Interactive, Jakarta: Indonesia is considered still being able to endure the upheavals that have occurred in the global financial market.The International Monetary Fund (IMF) has stated that the financial sector in Indonesia is still showing good...
Thu, 24 Apr 2008
West Sumatra to export 30 tons of tuna to US
I once had some of the most delicious grilled cumi2 in Padang, they cooked it with lemon and some sambal .
Thu, 24 Apr 2008
NTS to invest US$1 bln to expand coverage area
Jakarta (ANTARA News/Asia Pulse) - The operator of the third generation (3G) telecommunication service PT Natrindo Telepon Seluler (NTS) said it plans to invest US$1 billion this year for the expansion of infrastructure networks building more base transceiver stations (BTS) in Java and Sumatra,...
Thu, 24 Apr 2008
West Sumatra to export 30 tons of tuna to US
Padang, W Sumatra (ANTARA News) - West Sumatra is to export, for the first time, 30 tons of tuna fish to the United States through Padang`s Bungus ocean fishing port at the end of April, a local fisheries official said.
Thu, 24 Apr 2008
Superstitious, religious overtones lure RI consumers
Originally Posted By: Piss SalonWhat a great article. Can it be moved to News, Opinion & Current Events?You couldn't write a better piss-take if you tried.1) Prefer immediate benefits2) Do not have long-term plans3) Like to spend time with friends and relatives4) Slow in adapting to...
Thu, 24 Apr 2008
Superstitious, religious overtones lure RI consumers
What a great article. Can it be moved to News, Opinion & Current Events?You couldn't write a better piss-take if you tried.1) Prefer immediate benefits2) Do not have long-term plans3) Like to spend time with friends and relatives4) Slow in adapting to technology5) Prefer context to content6) Like...
Thu, 24 Apr 2008
Superstitious, religious overtones lure RI consumers
Quote:- Prefer immediate benefits- Do not have long-term plans- Like to spend time with friends and relatives- Slow in adapting to technology- Prefer context to content- Like foreign brands- Attracted to the religious and superstitious- Like to show off- Have strong subcultural influences-...
Thu, 24 Apr 2008
Superstitious, religious overtones lure RI consumers
Products with superstitious, religious and luxury overtones are the most appealing to Indonesian consumers, a marketing survey shows."Indonesians like simple and entertaining things rather than complicated things that make them think hard," said Handi Irawan, chairman of marketing and research firm...
Thu, 24 Apr 2008
R&D expo to strengthen business competition
The Industry Ministry and the private sector will jointly organize the nation's first research and development expo next week to promote use of R&D in industry and strengthen competition.Head of standardization at the ministry's R&D agency, M.
Thu, 24 Apr 2008
Agency to audit groundwater use by businesses
The city mining agency will soon audit businesses that use both groundwater and tap water, agency head Peni Susanti said Wednesday.She said 3,655 businesses held agency-issued permits to use groundwater, 70 percent of which also had artesian wells.
Thu, 24 Apr 2008
RI climate turns Fonterra off investing in dairy facilities
New Zealand-based milk producer Fonterra Group says it is unlikely to invest in processing facilities in Indonesia as the climate and environmental conditions are less than ideal for breeding cows and milk of its desired standards.
Thu, 24 Apr 2008
Foreign insurance firms eye expansion
Five insurance companies from France, Singapore, the United Kingdom, Italy and Malaysia are seeking local partners to tap the increasingly lucrative Indonesian life insurance industry, an insurance association says.
Thu, 24 Apr 2008
Apindo demands fiscal certainty
Aditya Suharmoko, The Jakarta Post, JakartaBusiness players have demanded the government immediately provide certainty on its fiscal policy as they struggle to formulate business plans amid global market pressures.