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Sun, 12 Apr 2009
Villa construction frenzy paving Bali paradise
I imagine absentee landlords owning a lot of property are a bad thing, and the developments are pretty insensitive. But without getting into that, I am wondering specifically about the water/swimming pool issue.
Sun, 12 Apr 2009
Villa construction frenzy paving Bali paradise
No, it has to stop. The development is destroying life for the Balinese and, in the process, destroying the beauty of the place which brought us all here in the first place. Some of us over 30 years ago. It's time to stop and take a new look at the big picture for the long term.
Sun, 12 Apr 2009
Holes in Indonesia's mining law
But of course the Indians and Chinese are much more attuned to and prepared the play the local rules and smooth the process. Another reason, IMHO, why this is a step backwards if Indonesia truly wants to reform. Still at issue of course.
Sun, 12 Apr 2009
Villa construction frenzy paving Bali paradise
CANGGU, Indonesia (AFP) - Villas are part of the latest building boom on the famous Indonesian holiday island of Bali, where homes for wealthy holidaymakers and expatriates are mushrooming across the bottle-green landscape.Some see the growth of the villas as a boon.
Sun, 12 Apr 2009
Bali Halts New Hotel, Homestays and Villa Construction
Development Moratorium Exempts Projects Holding Permits Issued Prior to 2009.(4/11/2009) Kompas reports that following criticism and input from a number of sources inisting Bali's environment is under severe threat, the Provincial Government of Bali has decided to refuse new permits for hotels,...
Sun, 12 Apr 2009
Holes in Indonesia's mining law
You're talking your book, which is fine.Regarding Copper, if there is no new investment there is no new production and nothing new to ship, so it has to come from Chile?Regarding coal and mining in general, Western MNC Companies make LARGE investments, employ large numbers of people, put resources...
Sun, 12 Apr 2009
Holes in Indonesia's mining law
Originally Posted By: Dontpanic1. In SHARE terms, Indonesia continues to decline, losing out in particular to Chile, which has a more accomodating FDI regimen.perhaps, but transport costs from Chile to China or India would be much higher.
Sat, 11 Apr 2009
Holes in Indonesia's mining law
Several interesting issues to discuss. Not that anyone ever does in this section!!1. In SHARE terms, Indonesia continues to decline, losing out in particular to Chile, which has a more accomodating FDI regimen.2. Don't be mislead by the figures for "New" investment.
Sat, 11 Apr 2009
Holes in Indonesia's mining law
JAKARTA - Indonesia's highly anticipated new mining law threatens to become a non-starter just three months after its passage, denting hopes generated over three years of parliamentary debate that a new legal regime would spur more development in the sector.
Sat, 11 Apr 2009
RI exports may drop by 50% in Q2, Kadin says
As the global downturn is still nowhere near recovering, Indonesia’s exports - having dropped 30 percent in the first quarter - will fall even faster in the second three-month period, a business grouping predicts.
Sat, 11 Apr 2009
BI: Processing industry to grow only two percent
Jakarta (ANTARA News) - Indonesia`s processing industry is predicted to grow only two percent this year, down from 3.7 percent in 2008, according to Bank Indonesia`s economic report issued on Wednesday."The slowdown occurs because of decreased exports and domestic demand," it states.
Sat, 11 Apr 2009
UAE advises Indonesia to sign FTA with GCC
Abu Dhabi (ANTARA News) - The United Arrab Emirates (UAE) has proposed to Indonesia to enter into a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC), Indonesian Ambassador to the UAE M Wahid Supriyadi said.
Sat, 11 Apr 2009
Greenearth establishes geothermal entity in Indonesia
JAKARTA, INDONESIA: Greenearth Energy has established a geothermal exploration and development entity based in Jakarta, Indonesia with the aim of establishing a suite of geothermal exploration and development opportunities in the country.
Sat, 11 Apr 2009
Non-Oil Exports May Plummet 30% As Big Contracts Evaporate, Says GPEI
Indonesia’s non-oil and gas exports are expected to plunge as much as 30 percent over the next three months, including rubber, palm oil and mining products, as fewer overseas buyers sign long-term contracts, said Toto Dirgantoro, secretary of the Indonesian Exporters Association, or GPEI.
Sat, 11 Apr 2009
Minister Unlikely to Approve Donggi Senoro Deals
Following conflicting signals, intrigue and confusion - and despite the risk of straining trade relations with Japan - Indonesia seems set to repudiate the provisional gas sale agreements signed by the Donggi Senoro liquefied petroleum gas project, with the energy minister now insisting the gas is...
Sat, 11 Apr 2009
Exports Could Hurt Foreign Debt Repayment
Jakarta - Though President Susilo Bambang Yudhoyono said on Sunday that the government was committed to repaying its foreign debts on time to maintain foreign investor confidence in Indonesia, economists warned that falling exports could affect the country’s ability to make those payments.
Wed, 08 Apr 2009
ADB invests 140 million dollars in Indonesia`s infrastructure
Jakarta (ANTARA News) - The Asian Development Bank (ADB) had approved of an investment up to 140 million US dollars as an Indonesian Infrastructure Financing Facility (IIFF) with government support to help develop infrastructure projects in Indonesia.
Wed, 08 Apr 2009
Possible investment outcomes from Indonesia's polls
JAKARTA (Reuters) - Indonesia holds parliamentary elections on April 9. The outcome will determine who runs in the more important presidential poll on July 8 and influence how Southeast Asia's biggest economy performs in the next five years.
Wed, 08 Apr 2009
7-Eleven to Enter Market; Small Vendors Alarmed
The logo of yet another convenience-store chain will soon be strewn throughout Jakarta, with Dallas-based 7-Eleven, Inc., the world’s largest convenience store firm, announcing on Tuesday it plans to expand its ubiquitous franchise into Indonesia.
Tue, 07 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
Originally Posted By: KuKuKaChuthe root of all indonesia's problems is the military/bureaucracy. Put that way, it sounds remarkably like the US?
Tue, 07 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
That was tried already but had its own problems. I'd suggest either Singapore Inc. or Goldman Sachs?
Tue, 07 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
the root of all indonesia's problems is the military/bureaucracy.ideally, indonesian government and military should be outsourced to a responsible party. like, for instance, a dutch company.
Tue, 07 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
Which in turn explains why most folks don't really see the need for a tax number!The whole sytem needs deleting and a new drive inserted. In most countries, the Government is at least a part of the solution. In Indonesia, the Government is the problem?
Tue, 07 Apr 2009
Indonesian Rupiah May Gain by Year-End as Polls Buoy Investment
I share that view, and I do think that Boediono and Sri have done an excellent job of putting backup borrowing funding in place adequate to get the country through the crisis in what is likely to be a very difficult environment for developing countries to raise capital.
Tue, 07 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
That's almost 1% of Indonesians. Things are looking up. With this kind of penetration rate, the economic model is unsustainable. I mean how can the Government continue stealing from the people when the people simply will not cooperate? That and KPK.
Mon, 06 Apr 2009
Indonesian Rupiah May Gain by Year-End as Polls Buoy Investment
April 6 (Bloomberg) -- Indonesia’s central bank Governor Boediono said the rupiah will strengthen by year-end as investors return to the world’s third-largest democracy after peaceful elections.The rupiah has declined 15.
Mon, 06 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
Despite all its efforts to encourage more people to pay taxes, the government only managed to get 1.9 million of the country’s 12.7 million registered taxpayers to file their tax returns as of the March 31 deadline, according to initial data from the Ministry of Finance’s Directorate General of...
Mon, 06 Apr 2009
Exports slide and economy gets worse
Aditya Suharmoko, The Jakarta Post, JAKARTA Exports have continued falling, by another third in February, signaling a further drop in forecast growth, says the Central Statistics Agency (BPS).Exports in February contracted by 32.
Sun, 05 Apr 2009
KPPU to Probe Claims of Carrefour Monopoly
Not sure I would believe any GOI data over Nielsen,even though it is now Dutch, which shows Carrefour having a 7.7% market share. Also, if this is a monopoly, why do they have the best prices out there?Surely, there couldn't be other motives could there? I would be shocked. Shocked.
Sun, 05 Apr 2009
Government to Closely Scrutinize Foreign Workers
Ah yes, but that would be applying common sense and logic?There is still a need to apply a large dose of BS and Xenophobia so as to pass political scrutiny. And you should realise by now, Indonesia is special!!
Sun, 05 Apr 2009
Anti-Monopoly Board Says Carrefour Faces Millions Of Dollars in Fines
We already have this thread.
Sun, 05 Apr 2009
Chinese tourist arrivals in Bali up 11.35 pct
Denpasar, Bali (ANTARA News) - A total of 34,539 Chinese tourists visited Bali in the first two months of 2009, accounting for 11.35 percent of the total foreign tourist arrivals to the resort island over the period."The number of Chinese tourists increased 5,740 or 19.
Sun, 05 Apr 2009
Government to Closely Scrutinize Foreign Workers
that attitude has always amazed me. what company would be stupid enough to employ a foreigner, when they could get an equivalent qualified indonesian to do the same job for 2,3,5,10 times less cost?
Sun, 05 Apr 2009
Government to Closely Scrutinize Foreign Workers
They still seem to believe that these nasty foreign Companies will employ expats at multiples of the cost, even though suitably qualified locals are available?
Sun, 05 Apr 2009
As of 2010, all means af sea transport must fly Indonesian flag
Medan (ANTARA News) - All means of sea transport operating in Indonesia need to fly the Indonesian flag as of 2010."Meanwhile, commodities imported using government funds must use Indonesian ships," head of the foreign sea transportation sub directorate of the transportation ministry,...
Sat, 04 Apr 2009
Government to Closely Scrutinize Foreign Workers
Government Worried that Economic Crisis will Bring Flood of Foreigners Looking for Work.(4/4/2009) The Department of Manpower and Transmigration (Depnakertrans) will tighten permission for foreign workers in anticipation of a coming wave of foreigners traveling to Indonesia, seeking work during the...
Sat, 04 Apr 2009
Small Suppliers May Be Certified Soon As Retail Sector Becomes Sophisticated
As Indonesia’s retail sector grows more sophisticated, there is an increasing need for a set of professionally certified standards for suppliers, many of whom are small operators who lack an understanding of trading terms, the country’s retailer association says.
Sat, 04 Apr 2009
Three Islands in Riau Find That Not All Are Free in FTZs
Despite the designation of three Riau islands as free trade zones, the government will continue to control the import of primary commodities like sugar and rice into these areas, Diah Maulida, the director general of foreign trade at the Trade Ministry, said on Thursday.
Sat, 04 Apr 2009
Tourist arrivals in Bali down 15.57 pct in February
Denpasar (ANTARA News) - The number of foreign tourists visiting Bali fell 15.57 percent to 139,282 in February from 164,962 in January."Compared to February 2008, the number of tourist arrivals in February 2009 dropped 9.
Fri, 03 Apr 2009
Indonesia ramps up infrastructure with new fiber optic networks
god, don't i know. my bali branch has to connect to my jakarta intranet everyday, and it's pure pain to use. decent broadband in bali is years overdue. the bureaucrats/govt there truly do not understand the importance of this to investment, esp.
Fri, 03 Apr 2009
Indonesia ramps up infrastructure with new fiber optic networks
Thank God for that, bring it on! In the meantime, in Darkest Bali, we remain stuck with Speedy, which is oxymoronic. Actually, no just plain moronic. You too can have dialup download speeds from a "Broadband" service which is only actually connected half the time anyway!!
Fri, 03 Apr 2009
RI asks for fairness on protectionism
Mustaqim Adamrah, THE JAKARTA POST, LONDON Indonesia has asked for fair treatment concerning protective economic policies taken by developing countries in response to the global crisis, Trade Minister Mari Pangestu said Wednesday in London.
Fri, 03 Apr 2009
Indonesia ramps up infrastructure with new fiber optic networks
Subsea cables to improve domestic and overseas linksIndonesia is ramping up its submarine network cabling infrastructure with the first quarter of this year by installing two subsea cable projects totalling US$300 million to improve high-speed domestic and overseas network.
Fri, 03 Apr 2009
Higher Soybean Demand Seen for Indonesia
Singapore. Indonesia, the largest US export market for soybeans in Southeast Asia, is likely to increase purchases of the beans this year, a US executive said, despite an overall decline in demand in Southeast Asia predicted at as much as 10 percent.
Fri, 03 Apr 2009
Anti-Monopoly Board Says Carrefour Faces Millions Of Dollars in Fines
French supermarket chain PT Carrefour Indonesia could face a hefty penalty of up to Rp 25 billion ($2.2 million) if it is found to have been involved in unfair or monopolistic business practices, an official at the Business Competition Supervisory Commission, or KPPU, said on Thursday, after the...
Thu, 02 Apr 2009
Gold mine dispute seen as test case for Indonesia
Around Indonesia in 180 Days would be a suitable title for the latest foreign investor soap opera to emerge from south-east Asia’s largest economy. That is how long international arbitrators have given Newmont Mining of the US and Sumitomo of Japan to divest 17 per cent of a subsidiary that owns...
Thu, 02 Apr 2009
Indonesia To Change Beef Import Regulations
A senior official at the Ministry of Agriculture says new regulations have been drafted to open Indonesia’s market to beef imports from countries with foot-and-mouth disease.To date, such imports have been prohibited, leaving Indonesia reliant on beef from Australia and New Zealand to make up for...
Thu, 02 Apr 2009
Government Grants Exemptions From New L/C Rules to Designated Exporters
The government says it will temporarily exempt exporters that are already bound by contractual obligations from the unpopular requirement to obtain letters of credit from local banks, which came into force on Wednesday.
Thu, 02 Apr 2009
Newmont Divestment Raises Eyebrows
The decision by an international arbitration unit based in Jakarta to order the US-based Newmont Mining Corp. to divest its holdings in the copper and gold-rich PT Newmont Nusa Tenggara mine is being watched closely by mining interests both domestically and internationally, because of allegations...
Thu, 02 Apr 2009
Exports and Imports Weaken in February
The nation’s exports continued to fall in February, off by nearly 33 percent year-on-year and 1.02 percent month-on-month to $7.08 billion, the Central Statistics Agency, or BPS, announced on Wednesday.Analysts said the trade picture would likely deteriorate further as the global economy weakens.