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Thu, 22 Apr 2010
Microlink sees huge potential in Indonesia
MICROLINK Solutions Bhd (MSB) is hopeful of securing its first client to offer software solutions for Islamic banking services in Indonesia this year, its top official said.Chief executive officer Peter Yong Kar Seng said the company sees tremendous potential in the republic after setting up office...
Wed, 21 Apr 2010
Cooperation between Chinese - Indonesian Companies is Limited
TEMPO Interactive, Jakarta:Cooperation between Chinese and Indonesian companies is still limited. “Normally, only big companies collaborate with Chinese companies,” said the Indonesian Chamber of Commerce’s (Kadin) ad interim Adi Putra Tahir, yesterday.
Wed, 21 Apr 2010
President urged to rescue Indonesia from corruption
Jakarta (ANTARA News) - Corruption has become a serious threat to Indonesia and therefore President Susilo Bambang Yudhoyono should immediately rescue the country, a senior politician said.Acts of corruption were not only rife in the executive body but also in the legislative and judicial organs,...
Wed, 21 Apr 2010
Finance minister: green economics implementation needs innovation
Tampang Siring, Bali (ANTARA News) - Finance Minister Sri Mulyani Indrawati said Indonesia needs technological innovation, and competitive as well as productive data for the implementation of green economics.
Wed, 21 Apr 2010
Govt set to issue ISPO standard in August
Jakarta (ANTARA News) - The government has set itself the target of issuing Indonesian Sustainable Palm Oil (ISPO) standards in August 2010 at the latest, an Agriculture Ministry official said.The ISPO standard would prove that development of oil palm plantations in the country did not destroy the...
Tue, 20 Apr 2010
Indonesian industries suffer US$1.2 billion due to black campaign
but it's true. indonesia is a victim of a vicious campaign by foreigners and NGOs to undermine it's environmentally friendly paper industry.USD800 per tonne! wuhu!!
Tue, 20 Apr 2010
Freeloaders Delay First Media’s WiMax Rollout
Pay-TV and Internet provider PT First Media announced on Monday that it was unlikely to offer broadband wireless until the second half of the year on concerns that illegal freeloaders would clog its bandwidth for paying customers.
Tue, 20 Apr 2010
Red Tape Removal Aims to Lure Chinese Investment to Indonesia
The nation’s efforts to streamline permit processes may entice China to help the government double foreign participation in infrastructure projects by 2014, said Gita Wirjawan, head of the Investment Coordinating Board.“I have reasons to be optimistic with what we’re doing,” Gita said.
Tue, 20 Apr 2010
Oil and Gas Reserves Found in Indramayu
TEMPO Interactive, Jakarta:The state oil and gas company PT Pertamina Exploration and Products (Pertamina EP) have found new oil and gas reserves in Akasia Bagus well (ABG)-1 with a gas production potential of 8,6 MMSCFD (standard cubic feet per day) and 180 barrels of condensate per day.
Tue, 20 Apr 2010
Indonesian industries suffer US$1.2 billion due to black campaign
Jakarta (ANTARA News) - Black campaigns launched by foreign non-governmental organizations (NGO) had incurred a loss of about US$1.2 billion to the country`s paper and pulp industries, a pulp businessman said.
Mon, 19 Apr 2010
Indonesia Seeks China’s Help in Doubling Foreign Investment
April 19 (Bloomberg) -- Indonesia’s streamlined permit process may entice China to help the government double foreign participation in infrastructure projects by 2014, said Gita Wirjawan, head of the country’s investment coordinating board.
Mon, 19 Apr 2010
Indonesian Real Estate Sector Ready for Takeoff: Bakrieland Exec
caution: re new laws foreign persons owning property: don't believe anything until you see it. and even then, remain skeptical.
Mon, 19 Apr 2010
Indonesian Real Estate Sector Ready for Takeoff: Bakrieland Exec
The government’s relaxation of property ownership rules, which will take effect next month and allow foreigners to own property for up to 90 years, is expected to be a windfall for the market. However, Hiramsyah Thaib, president director of property developer PT Bakrieland Development, told the...
Sat, 17 Apr 2010
BKPM seeks extra budget to improve business climate
The Investment Coordinating Board (BKPM) is seeking an extra budget of about Rp 100 billion (US$11 million) this year to finance programs aimed at improving the business climate.BKPM deputy head Yus’an said in Jakarta on Wednesday that additional funds which would increase the agency’s total...
Sat, 17 Apr 2010
Tycoon Chairul Takes Big Stake in Carrefour
A subsidiary of the Para Group, which is chaired by powerful businessman Chairul Tanjung, has acquired a 40 percent stake in Carrefour stores in Indonesia and will add two well-known former security officials to the company’s board.
Sat, 17 Apr 2010
BI : Country to reach investment grade next year
Jakarta (ANTARA News) - Bank Indonesia (the central bank/BI) believes the country will reach the investment grade next year thanks to its improved economic indicators."We are optimistic that Indonesia will reach the investment grade next year.
Sat, 17 Apr 2010
BKPM chief : Q1 investment growth expected to reach 10-15 pct
Jakarta (ANTARA News) - Capital Investment Coordinating Board (BKPM) Chief Gita Wirjawan expressed optimism investment in Indonesia will grow 10 percent to 15 percent in the first quarter of this year."We are optimistic growth will be above 10 percent, between 10 percent and 15 percent,"...
Fri, 16 Apr 2010
RI set to become car production hub: Minister
Each car will come with a kretek pre-stubbed out in the ashtray.
Fri, 16 Apr 2010
BKPM Proposes to Add Promotional Office
TEMPO Interactive, Jakarta:The Investment Coordinating Board (BKPM) is proposing an additional promotional office, the Indonesia Investment Promotion Centre (IIPC).”The office addition is proposed in China and United Arab Emirates (UAE),” said the Deputy Head of BKPM Yus’an at the House of...
Fri, 16 Apr 2010
China Relocates Textile Factories to Indonesia
TEMPO Interactive, Jakarta:Several Chinese textile companies will relocate their factories to Indonesia in a large scale.“But they have asked to be gathered in one area,” said the Head of the Association of Indonesian Textile, Ade Sudrajat, to reporters at the Jakarta International Expo,...
Fri, 16 Apr 2010
OPIC signs new investment agreement with Indonesia
Jakarta (ANTARA News) - The ability of American companies to invest in Indonesia - the world`s fourth most-populous country - through the support of the Overseas Private Investment Corporation (OPIC) was improved in Wednesday by the conclusion of an agreement between the two countries.
Fri, 16 Apr 2010
Taiwanese Groups Commit to Big Indonesian Projects
Two Taiwanese companies plan to invest billions of dollars in Indonesia’s petrochemical and biofuel industries, Coordinating Minister for the Economy Hatta Rajasa said on Thursday.He said that Taiwan-based oil and gas firm CPC Corporation planned to build a $2.
Fri, 16 Apr 2010
Summit on Infrastructure Investment Offers Opportunities and Frustrations
As the second day of the four-day Asia Pacific Ministerial Conference on Public-Private Partnerships in Infrastructure Development drew to a close at the Jakarta Exhibition centre on Thursday, delegates were divided about how useful the event has been so far.
Thu, 15 Apr 2010
3i to Join Carlyle in Search for First Indonesian Investment
April 15 (Bloomberg) -- 3i Group Plc, Europe’s largest publicly traded private-equity firm, said it is seeking its first investment in Indonesia because the nation offers the biggest growth potential in Southeast Asia.
Thu, 15 Apr 2010
Demand for offices up 40% as businesses begin to expand
The demand for office space in Jakarta continues to expand, as companies begin to carry out expansion programs and resume delayed projects, property consulting company Jones Lang LaSalle says.The Chicago-based property consulting firm on Wednesday said the demand for rented office space in the...
Thu, 15 Apr 2010
RI manufacturing industries: Some opportunities ahead?
Indonesia’s economy entered 2010 with a very bright outlook, seeing it hoping to become one of the best performing countries in the region, together with China and India.This optimism led the government to target to reduce unemployment to 7.6 percent from 7.
Thu, 15 Apr 2010
Bajaj expects 100% increase in 2010 sales
PT Bajaj Indonesia is seeking to double its Pulsar sport motorcycle sales from 11,954 units in 2009 to around 24,000 this year, with the launch of its new sport motorcycle called the Bajaj Pulsar 135 Light Sport (LS).
Thu, 15 Apr 2010
CPO firms brainstorm greener PR
Mounting market pressure on Indonesia’s palm oil industry has forced producers to unite and consolidate efforts to combat what they deem an incomplete assessment by environmentalists.Government representatives, members of the Association of Indonesian Palm Oil Producers (Gapki) and company CEOs...
Thu, 15 Apr 2010
Indonesia Business Forecast Report Q2 2010 - New Report
Newly released report, Indonesia Business Forecast Report Q2 2010, provides detailed company analysis(Companiesandmarkets.com and OfficialWire)LONDON, ENGLAND Political Bickering A Drag On Strong Economic Fundamentals.
Thu, 15 Apr 2010
China’s Wen Visit May Prove Boon for Indonesia Infrastructure
April 14 (Bloomberg) -- A visit by Chinese Premier Wen Jiabao to Indonesia later this month may lead to increased investment in the infrastructure Southeast Asia’s biggest economy needs to sustain growth.
Thu, 15 Apr 2010
IdaTech announces fuel cell deal in Indonesia
Fuel cell company IdaTech announced Wednesday an expanded partnership with technology services company Cascadiant and a deal to ship 108 of its backup power fuel-cell systems to Indonesia.Bend-based IdaTech, which did $4.
Thu, 15 Apr 2010
Shaping governance in Indonesian family businesses
Past economic crises have served as a constant reminder that observance of modern corporate governance principles continues to be a clear reflection of corporate commitment to responsible citizenship.Both corporate governance and responsible citizenship draw inspiration from the fundamental...
Thu, 15 Apr 2010
Indonesian manufacturers should not blame China: Ambassador
China has defended that it should not be the one “to blame” over Indonesian manufacturers’ concerns that they will suffer from the full implementation of a free trade agreement between ASEAN and China.
Thu, 15 Apr 2010
Fiber Optic Cable to Crisscross Indonesia by 2012: Minister
The construction of a 50,000 kilometer fiber optic cable that will crisscross the entire archipelago, delivering better and cheaper data and voice services, should be finished by 2012, Minister of Communications and Information Technology Tifatul Sembiring said on Wednesday.
Thu, 15 Apr 2010
China's CIC to invest more in Indonesia-minister
JAKARTA, April 14 (Reuters) - China is shopping for ways to invest its sovereign wealth fund in Indonesia's infrastructure, resources and manufacturing sectors, the Indonesian trade minister said on Wednesday.Chinese Premier Wen Jiabao will visit Indonesia next week, just two months before U.S.
Thu, 15 Apr 2010
JP Morgan mulls increasing investments in Indonesia: minister
JAKARTA, April 14 (Xinhua) -- U.S. investment bank JP Morgan considers raising its stakes in Indonesia by investing in mining company PT Newmont Nusa Tenggara (NTT) and several banks, a paper said here Wednesday.
Thu, 15 Apr 2010
Panasonic to move audio digital factory from China to Indonesia
Jakarta (ANTARA News/Asia Pulse) - Japan's electronic giant Panasonic Corp. (TSE: 6752) plans to move its audio digital factory from China to Indonesia this year.Labor costs in China are no longer competitive, says Rinaldi Sjarif, the vice president of Panasonic's Indonesian unit, PT Panasonic...
Thu, 15 Apr 2010
Invest in Indonesia Now or Miss the Boat, Mari Says
Trade Minister Mari Elka Pangestu has urged foreign investors to invest in Indonesia now or risk “missing the boat.”Speaking at a forum held by the Jakarta Foreign Correspondents Club on Wednesday, Mari said international investors should take advantage of the country’s growth prospects while...
Wed, 14 Apr 2010
BlackBerry fever sweeps Indonesian market
The dominance in Indonesia of Nokia's mobile phones is under threat as a more demanding public dumps old models for sleeker, Internet-capable handsets, which in many cases means a BlackBerry.Across Indonesia, southeast Asia's largest economy, the "BlackBerry phenomenon" is taking hold,...
Wed, 14 Apr 2010
A momentum for civil service reform
Judging from the amount of money involved, the corruption case implicating the Directorate General of Taxation in the Finance Ministry can be regarded as a slap in the face of Finance Minister Sri Mulyani Indrawati.
Wed, 14 Apr 2010
RI set to become car production hub: Minister
The government is preparing an industrial concept to turn Indonesia into one of Asia’s automotive production hubs, Industry Minister M.S. Hidayat says.Hidayat said in Jakarta on Tuesday the concept was being formulated and would propose the provision of fiscal incentives to support automotive...
Wed, 14 Apr 2010
Rethinking the current free trade debate in Indonesia
The Indonesian government’s failure to renegotiate the ASEAN-China Free Trade Area (ACFTA) this week was seen by many as a major threat to many Indonesian producers. China’s refusal to renegotiate the 228 tariff posts proposed by Indonesia raised concern among not only producers but among...
Wed, 14 Apr 2010
U.S., Indonesia sign investment financing agreement
WASHINGTON, April 13 (Reuters) - The United States and Indonesia signed an agreement on Tuesday paving the way for increased U.S. investment in Southeast Asia's largest economy and the world's fourth most populous country.
Wed, 14 Apr 2010
ADB: RI economy to grow 5.5% in 2010
Jakarta (ANTARA News) - Rising private consumption and investment will allow the Indonesian economy to grow by 5.5 percent in 2010 from 4.5 percent last year, according to the Asian Development Bank (ADB)`s annual flagship economic publication.
Wed, 14 Apr 2010
Agriculture minister promises to evaluate cocoa export tax
Makassar, S Sumatra (ANTARA News) - Agriculture Minister Suswono has promised to evaluate a finance ministerial decree which imposes a 15 percent tax on cocoa exports."Basically, this policy will fully be supported if it has the aim of improving farmers` income and competitiveness but we will...
Wed, 14 Apr 2010
Guarantees Needed to Draw Investment to Indonesia, World Bank Says
Indonesia has the geographic, economic and social potential to become a gateway not only between Europe and Asia but also between the rest of the world and the Middle East, according to Juan Jose Daboub, managing director of the World Bank.
Tue, 13 Apr 2010
Services sector: An alternative route to high growth?
Indonesian economic growth has been marked by the rapid growth of its services sector, as indicated in the growth of its non-tradable sectors.This sector, including trade, services, finance, transport, communication and construction, has been growing at 8 percent each year for several years, which...
Tue, 13 Apr 2010
Banks still see high risk in manufacturing sector
Banks will remain reluctant to lend to the labor-intensive manufacturing sector, particularly the textile industry, due to a lack of competitiveness, a latest survey by Bank Indonesia (BI) has revealed.
Tue, 13 Apr 2010
Mari insists ACFTA will benefit Indonesia
Trade Minister Mari Elka Pangestus has insisted the implementation of the ASEAN-China Free Trade Area (ACFTA) will benefit Indonesia in the long term.The minister said that in order to minimize negative impacts of the free trade agreement, the government would implement a program to help local...
Tue, 13 Apr 2010
Maluku to show economic potentials through `investment Day`
Jakarta (ANTARA News) - In its first-ever effort to attract investment to develop its marine-resource-rich territory, Maluku`s provincial administration is to stage a "Maluku Investment Day."The event will take place in Jakarta on April 15-16 and is expected to be attended by around 150...