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Fri, 11 Apr 2008
IDB Chief meets Indonesian president`s special envoy
Jeddah (ANTARA News) - Dr. Ahmed Mohammed Ali, President of the Islamic Development Bank (IDB) received here last Wednesday Indonesian President`s Special Envoy for the Middle East Alwi Shihab.The IDB President was briefed on the results of the conference on "Investment opportunities in Indonesia,"...
Fri, 11 Apr 2008
Regional forum seeks to attract investors for RI development
President Susilo Bambang Yudhoyono is set to open a regional investment forum in late May, designed to attract foreign and local investors in development projects across the country.The Indonesian Regional Investment Forum, which will take place at the Ritz-Carlton in the Sudirman Central Business...
Fri, 11 Apr 2008
Arcelor Mittal plans $3b investment
The world’s largest steelmaker Arcelor Mittal plans to team up with state-owned PT Aneka Tambang (Antam) and PT Krakatau Steel to develop mines and a steel plant at a total investment of at least US$3 billion.
Fri, 11 Apr 2008
RI seen as risky investment for miners
A panel of speakers at the fourth Asian Mining Congress in Singapore said Indonesia was still perceived as high-risk to current and potential industry investors.There were three main points of concern raised during the discussion.
Fri, 11 Apr 2008
Private sectors hail endorsed shipping bill
The business community on Wednesday praised the newly endorsed shipping bill, saying it would improve export and import activities and give private sector players more opportunities to engage in port and shipping businesses.
Thu, 10 Apr 2008
Govt urged to review 20% rise in export tax on palm oil
Jakarta (ANTARA News) - The Indonesian Plantation Companies Association (GPPI) has appealed to the government to review its decision to raise progressive tax on palm oil exports to 20 percent.The increase in progressive tax could reduce oil palm plantation companies` and growers` income, GPPI...
Thu, 10 Apr 2008
Shipping bill ends port monopoly
After three years of deliberation, lawmakers endorsed Tuesday a revised shipping bill that will end decades of state monopoly on port ownership.The bill, however, has led thousands of state port workers to threaten strikes in the coming days.
Wed, 09 Apr 2008
Hong Kong companies considering relocation to Indonesia
Jakarta (ANTARA News) - A number of Hong Kong companies are looking into the possibility of relocating their plants to Indonesia, an executive said."Today we are going to visit Surabaya to look at possible locations for the plants," chairman of the Indonesia-China Business Council Alim Markus said...
Tue, 08 Apr 2008
South Korea makes high technology investment in Indonesia
Jakarta (ANTARA News) - South Korean Ambassador to Indonesia Lee Sun-Jin said his country has expanded its investment in Indonesia to high technology industries from labour intensive investment."In the recent years our country's investment in Indonesia was no longer dominated by labour intensive...
Tue, 08 Apr 2008
Government to end port operator`s monopoly despite protest
Jakarta (ANTARA News/Asia Pulse) - The government and the House of Representatives are set to pass a new maritime bill into law calling for an end to the monopoly of state port operators, despite strong opposition from longshoremen.
Tue, 08 Apr 2008
Foreign investors to have access to state exports financing
While deliberations over a bill on state-owned Indonesian Exports Financing Agency (LPEI) are still at an early stage, the government and the House of Representatives have agreed such services will be opened to foreign investors.
Tue, 08 Apr 2008
Palm oil industry continues to destroy Indonesia's peatland forests
Jakarta - The destruction of Indonesia's peatland forests is continuing unstopped despite the government's pledge to halt it, according to a report by environmental group Greenpeace's issued Monday. Greenpeace claims an unregulated industry and "toothless government rules" are to blame.
Tue, 08 Apr 2008
Suramadu bridge expected to be completed next year
Indra Harsaputra and Wahyoe BoediwardhanaVice President Jusuf Kalla has called for the Suramadu bridge linking Surabaya and Madura island in East Java to be completed before the start of general elections in April 2009.
Mon, 07 Apr 2008
Saipem spends Rp 2.5t for largest fabrication yard in Karimun, Riau
Italian-based turnkey oil and gas contractor Saipem International has begun construction of a massive fabrication yard in Karimun, Riau Islands, with a total project investment of Rp 2.5 trillion (US$271 million).
Mon, 07 Apr 2008
Indonesian, Norwegian employers to train local entrepreneurs
Two leading employers associations in Indonesia and Norway will conduct brand leadership training for small and medium scale entrepreneurs and facilitate exports of their products to Scandinavian countries.
Mon, 07 Apr 2008
Another miner going nowhere in Indonesia
LONDON - According to the local tourist literature, the clear blue waters off the soft and sandy beaches of the Lembeh Strait in the Molucca Sea have some of the best muck diving (exploration of low-visibility waters) on the planet as home to the colorful Ambon Scorpionfish, the Orangutan Crab and...
Mon, 07 Apr 2008
Indonesian society still permissive toward corrupt acts
Medan (ANTARA News) - In the view of the Corruption Eradication Commission (KPK), Indonesian society is still permissive in its attidude toward corruption cases happening in the national capital and the regions, a KPK official said."Our people are still permissive.
Mon, 07 Apr 2008
Tax revenue soars on back of higher corporate income
The Ministry of Finance's Directorate General of Taxation announced Friday a 42.7 percent jump in tax revenue during the first quarter of 2008 on the back of strong corporate sector income growth and a vibrant economy.Tax revenue from the non-oil and gas sector rose to Rp 113.53 trillion (US$12.
Mon, 07 Apr 2008
Govt to activate aging fields under new regulation
Novia D.Rulistia, The Jakarta Post, Jakarta To optimize the country's crude oil production, the government will activate 5,000 aging fields under the newly issued 2008 Minister Regulation, says an official.
Mon, 07 Apr 2008
Indonesia planning to export rice
"Coordinating Minister for People's Welfare Aburizal Bakrie" .. Not sure if it makes me laugh or cry every time i see this. Indonesia's wealthiest man in charge of peoples welfare! Give me a fucking break ..
Sun, 06 Apr 2008
Indonesia planning to export rice
Stupidest and most selfish thing the Govt could decide to do, I guess it does open the window for the competing campaigning parties to compete with each other to see who can give away the most rice for the most votes next year..........
Sun, 06 Apr 2008
Indonesia planning to export rice
Originally Posted By: KuKuKaChu 58.26 million tons of unhulled rice, Looks like we're back to Lambert's morning Soto Ayam again.
Sat, 05 Apr 2008
Indonesia planning to export rice
Jakarta (ANTARA News) - Indonesia which experienced frequent rice shortages in the past several years is planning to export the commodity on account of an expected production surplus this year."I agree to any policy to export rice.
Sat, 05 Apr 2008
Three companies to develop sago plantations in Riau, West Papua
Jakarta (ANTARA News) - Three domestic companies are ready to develop sago plantations in Riau and West Papua Provinces to meet demand for raw materials to make bioethanol as alternative energy, an Agriculture Ministry official said.
Fri, 04 Apr 2008
Indonesian bizmen to set up "Indonesia Street" in Shanghai
Personally I hope it does turn out to be Sesame Street and Mickey Mouse all rolled up in 1 but considering the products they are pushing I doubt. With the Middle Class Chinese just coming of age in the next 5 to 10 years and with this Indonesia Street pushing Indonesian Furniture and Handicrafts...
Fri, 04 Apr 2008
Kimia Farma to build US$100 million plant
Quote:Aside from producing branded and essential generic medicine, the company is also authorized to produce narcotics.Which of their outlets can these additional items be purchased from?
Thu, 03 Apr 2008
CPO exports drops 34.85% in February: BPS
Exports of edible oil and fat products, consisting almost entirely of crude palm oil (CPO) and its derivatives, dropped by 34.85 percent to US$1 billion in February, down from $1.6 billion in January.The BPS provided no explanation for the sharp decrease, but the drop was expected because the...
Thu, 03 Apr 2008
Kimia Farma to build US$100 million plant
Publicly listed state pharmaceutical company PT Kimia Farma plans to build a US$100 million plant this year to help reduce its dependency on imported raw materials.President director Sjamsul Arifin said Wednesday that 98 percent of the company's raw materials were still imported.
Thu, 03 Apr 2008
Textile export target set at $11.8b
The Jakarta Post, Jakarta The government has set a record textile exports target for 2009 of $US11.8 billion, achievable because of industry restructuring, industry minister says.Minister of Industry Faahmi Idris said Wednesday the textile industry was one of the government's priorities, which...
Thu, 03 Apr 2008
Economic growth fails to spur employment: ADB
Aditya Suharmoko, The Jakarta Post, JakartaThe Asian Development Bank has warned Indonesia a large part of its population is still vulnerable to shocks from staple foods inflation, as nearly half its citizens still live on less than US$2 a day.
Thu, 03 Apr 2008
ADB cuts Indonesia 2008 growth forecast to 6.0 pct due to global slowdown
Jakarta (ANTARA News) - The Asian Development Bank (ADB) on Wednesday lowered its forecast for 2008 economic growth in Indonesia to 6.0 percent from 6.4 percent due to slowing exports amid a global economic slowdown.
Thu, 03 Apr 2008
Singaporean investor to build cacao processing plant in Palu
Palu, C Sulawesi (ANTARA News) - A Singaporean company is interested in investing in Central Sulawesi by building a cacao processing plant in Palu, a local official said.The investor from the city-state would come to Palu on Thursday (April 3) to further discuss his interest in setting up a cacao...
Thu, 03 Apr 2008
Indonesian bizmen to set up "Indonesia Street" in Shanghai
Beijing (ANTARA News) - A number of Indonesian businesspeople are to set up an "Indonesia Street" in Shanghai, China, as a means to promote and increase sales of furniture and handicraft products from the archipelagic country, a diplomat said.
Thu, 03 Apr 2008
National economy still under control, president
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has expressed hope that the people and all concerned parties in the country would remain calm in the face of the current world economic turbulences that were affecting the national economy.
Thu, 03 Apr 2008
Q1 economic growth in 2008 to drop below 6 pct : BI
Jakarta (ANTARA News) - Senior Bank Indonesia (BI) Deputy Governor Miranda S Goeltom said the Indonesian economy would grow at a rate of less than six percent in the first quarter of this year."Initially, we projected that the economy in the first semester of this year would grow at 6.05 percent.
Tue, 01 Apr 2008
Indonesia`s March CPI up 8.17 pct from year earlier, more than forecast
Jakarta (ANTARA News) - Indonesia's consumer price index (CPI) in March rose 0.95 percent from February and was up 8.17 percent from a year ago led by food prices, an official said Tuesday.The rise in the CPI was bigger than analysts had expected.
Tue, 01 Apr 2008
East Asia faces "testing times in 2008"
Singapore (ANTARA News/Dpa) - Rising food and fuel prices are presenting East Asia with "testing times in 2008," the World Bank warned on Tuesday.Growth for developing countries was forecast at 8.5 per cent compared with 10.
Tue, 01 Apr 2008
Indonesian trade surplus drops to $2.71 bln in Feb. as exports shrink
Jakarta (ANTARA News) - Indonesia's trade surplus dropped to $2.71 billion in February from $3.48 billion in January as exports fell from their all-time high, Central Bureau of Statistics deputy head Ali Rosidi saidExports dropped to $10.53 billion dollars in February, 4.
Tue, 01 Apr 2008
House reassures investors on land use rights
Responding to the Constitutional Court amendment of Article 22 of the Investment Law, the House of Representatives and the Investment Coordinating Board (BKPM) said Monday the de facto duration for property rights would remain unchanged.
Tue, 01 Apr 2008
Most corrupt institutions
Most corrupt institutionsThe findings of an integrity survey conducted by the Corruption Eradication Commission (KPK) in 30 public institutions and state companies providing public services between last August and October in Greater Jakarta simply validated the international perception of...
Tue, 01 Apr 2008
Property developer almost doubles profit
Publicly listed property developer PT Bakrieland Development booked a 98.5 percent increase in audited net profit last year due to robust sales.Bakrieland posted a net profit of Rp 134.2 billion (around US$14.5 million) in 2007, from Rp 67.
Tue, 01 Apr 2008
SBY says no to higher infrastructure budget
Novia D. Rulistia, The Jakarta Post, Jakarta Despite the pleas of business players, the government is unlikely to increase spending for infrastructure development, with the President insisting on securing the state budget in the midst of global price inflation.
Tue, 01 Apr 2008
Inco to spend $212M this year
Publicly listed nickel producer PT International Nickel Indonesia (Inco) said it will spend around $212 million this year, Asia Pulse reported Friday (28/3/08).Inco president Arif S. Siregar said $60 million of the expenditure will be for project construction, $70 million for routine expenditure,...
Tue, 01 Apr 2008
Semen Gresik posts 2007 net profit of $196M
Cement maker PT Semen Gresik said its net profit in 2007 rose 37.04% to Rp1.8 trillion ($196 million) from a year earlier on higher demand for its product, Asia Pulse reported Tuesday (25/3/08).Sales rose 10% to Rp9.601 trillion, PT Semen Gresik president director Dwi Soetjipto said.
Tue, 01 Apr 2008
Govt. to name ports allowed to serve foreign ships
The Transport Ministry will name 25 ports this week which will be allowed to serve ships engaged in international shipping, reducing the number from 141 at present, Asia Pulse reported Tuesday (25/3/08).
Tue, 01 Apr 2008
KS Oils buys 20,000-hectare plantation
India's KS Oils Ltd said on Wednesday (26/3/08) it has acquired 20,000 hectares of palm plantation in Indonesia, where it will invest 2.3 billion rupees ($57.5 million) over a period of three years, Reuters reported.The plantation will yield 80,000 metric tonnes annually, a statement said.