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Tue, 13 Apr 2010
Indonesian Exporters Wince as Rupiah Hits 33-Month High
The rupiah traded at its highest level since July 2007 on Monday as foreign investors continued to snap up the nation’s financial assets, leading some Indonesian exporters to express concerns about the currency’s strength.
Tue, 13 Apr 2010
Sampoerna Agro Mulls Making Biofuel from Sago
PT Sampoerna Agro, the palm oil plantation company owned by the Sampoerna family, said on Monday that in the long term it might convert sago producer PT National Sago Prima into a biofuels company.Sampoerna’s purchase of 91.
Tue, 13 Apr 2010
As Indonesian Economy Heats Up, More Finance Companies Offering Easy Money for Motorcycle Sales
As the economy continues to pick up steam, motorcycle sales are on the rise and the competition between financing companies for a share of this lucrative market is intensifying.The Indonesian Motorcycle Industry Association (AISI) is forecasting 6.
Tue, 13 Apr 2010
Australia offers soybean substitute for tempeh production
An Australian bean called lupin can potentially be used as a cheaper substitute for soybean in the production of tempeh, but more research is needed to produce yeast suitable for it, according to a visiting Australian minister.“Presently, lupin can be used up to 30 percent in making tempeh.
Mon, 12 Apr 2010
Lunch with Trade Minister Mari Pangestu on Wednesday, April 14 at 12 PM, Intercontinental Hotel
Indonesia's stock market is booming, its currency is soaring and foreign investment is starting to flow, but the more Jakarta engages with the global economy the louder the calls for protectionism seem to grow.
Mon, 12 Apr 2010
Govt Woos Foreign Investors For Infrastructure Projects
The government aims to attract Rp 440 trillion ($48.8 billion) of private investment to develop about 100 public-private partnership projects from 2010-14, the National Development Planning Board said on Saturday.
Sun, 11 Apr 2010
Indonesia tax case shows need for more reforms
* Massive syndicate is defrauding tax dept - task force* Tax office must introduce effective oversight systems* Illegal logging business in Riau under scrutiny nextJAKARTA, April 9 (Reuters) - A scandal in Indonesia's tax department has exposed how corrupt tax and law enforcement officials set up a...
Sun, 11 Apr 2010
Bali Tourism Will Suffer form Higher Alcohol Taxes
Bali Business Leader Sees Threats and Opportunities in Higher Taxes on Imported Alcohol.BisnisBali reports that high taxes in the form of customs and excise tax applied on imported alcohol are a great concern for Bali business people.
Sat, 10 Apr 2010
Biodiesel plant in Bireuen to operate this year
Banda Aceh, Aceh (ANTARA News) - A biodiesel and ethanol plant under construction in Beunyot village, Juli subdistrict, Bireuen regency, Aceh province, is scheduled for operation in the middle of this year.
Sat, 10 Apr 2010
Govt More Optimistic on Economy, Eyes 6% Growth
The government is proposing to lift the nation’s 2010 growth forecast as high as 6 percent this year, in line with favorable macroeconomic indicators, Finance Minister Sri Mulyani Indrawati said on Friday at the House of Representatives.“A rise to between 5.
Sat, 10 Apr 2010
Inflows Will Boost Rupiah: Sri Mulyani
Indonesia is expected to see further capital inflows this year and the rupiah is likely to continue appreciating, Finance Minister Sri Mulyani Indrawati said on Friday.Stocks, bonds and the rupiah have extended gains this year, driven by foreign interest in the nation’s assets and a combination...
Fri, 09 Apr 2010
Bali `must treat local tourists well'
Balinese tourism-related businesses must improve the courtesy shown to domestic visitors and put it on a par with that afforded to overseas visitors, if the island is to remain a top leisure destination, a study says.
Fri, 09 Apr 2010
Stronger rupiah could hurt exports: Analysts
While the fast appreciation of rupiah against the US dollar will make imported products cheaper, analysts have warned that “too strong” rupiah would hurt Indonesia’s exports.The appreciation of the rupiah against the greenback may lead to danger signals for Indonesia’s exports if it stays...
Fri, 09 Apr 2010
Badung to revive hotel and restaurant association
BADUNG: Badung regency said it plans to revive its hotel and restaurant association, following a five-year absence.Perry Markus, the secretary of the Bali branch of the Indonesian Hotels and Restaurant Association (PHRI), said Badung was a key tourist destination with hundreds of rated hotels,...
Fri, 09 Apr 2010
Indonesian House Ready to Review Draft of Land-Acquisition Law
The government is ready to submit to the House of Representatives in the second half of this year a draft law on land acquisition for public interest in a bid to provide certainty for investors in the infrastructure sector, Coordinating Minister for the Economy Hatta Rajasa said on Thursday.
Fri, 09 Apr 2010
Growing Indonesian Mobile and Internet Sectors Boost Net Profit at Telkom
PT Telekomunikasi Indonesia, the largest telecommunications company in the country, said on Thursday that 2009 net profit rose by 6.7 percent from the previous year, driven mainly by the strong performance of its cellular phone and Internet services businesses.
Fri, 09 Apr 2010
Coconut Treatment Industrialization to be Reactivated
TEMPO Interactive, Jakarta:The Department of Industry wants to reindustrialize all sectors, including the coconut industry, a tropical plant spread around the archipelago.“This is part of the national reindustrialization policy,” said Deputy Minister of Industry Alex Retraubun at a press...
Fri, 09 Apr 2010
Pertamina, State Electricity Company Sign Biofuel Deals
TEMPO Interactive, Jakarta: The State Electricity Company and Pertamina have signed multiple agreements with state plantation companies forestry authority as plantation firms trying to take advantage from the contentious biofuel solution to the environmental problem.
Fri, 09 Apr 2010
Indonesia to propose regional infrastructure fund
Jakarta (ANTARA News) - Indonesia will propose a regional infrastructure fund (RFI) during the Asia Pacific Ministerial Conference on Public & Private Partnerships for Infrastructure Development (APMC PPP 2010) here in April.
Fri, 09 Apr 2010
Indonesia’s Economy Builds Momentum
Jakarta, April 8, 2010 – The World Bank’s just-released Indonesia Economic Quarterly reports that Indonesia’s economy accelerated through 2009, with growth ending the year above pre-crisis averages.
Thu, 08 Apr 2010
New Lombok airport may be delayed
MATARAM, West Nusa Tenggara: Lack of road access may delay the opening of the new Lombok International Airport in Central Lombok, an official has said.Head of management at PT Angkasa Pura I Selaparang International Airport in Mataram, I Ketut Erdy Nuka, said construction had not been completed on...
Thu, 08 Apr 2010
France to double investment in Indonesia
French companies have expressed their interest to double investment up to US$ 2 billion over the next five years in Indonesia, an employer says.“Seeing your country’s capability in rapid development has assured us to double the investment for the next five years,” director of the Movement of...
Thu, 08 Apr 2010
SBY promises to protect local firms from ACFTA impacts
President Susilo Bambang Yudhoyono promises the government will protect sectors that might be harmed by the full implementation of the ASEAN-China Free Trade Area (ACFTA).The President told a press conference here Wednesday the government was paying considerable attention to Indonesian public...
Thu, 08 Apr 2010
Petronas ‘Keen to Expand’ in Indonesia: Hatta
Malaysian state oil and gas company Petronas plans to expand its investments in Indonesia, including in the upstream sector, Coordinating Minister for the Economy Hatta Rajasa said on Wednesday.“They expressed a commitment to expand investment in the upstream and downstream sectors of the oil and...
Thu, 08 Apr 2010
Unilever Indonesia Says it May Resume Buying Sinar Mas Palm Oil
PT Unilever Indonesia said on Wednesday it would consider resuming purchases of crude palm oil from the Sinar Mas Group after reviewing the conclusions of two studies of the producer’s environmental practices.
Thu, 08 Apr 2010
Indonesia not discriminating in foreign investment
Jakarta (ANTARA News) - Vice President Boediono said the Indonesian government was not discriminating in accepting foreign investment as capital from any country was welcome provided it complied with Indonesian rules."There is no discrimination.
Thu, 08 Apr 2010
Indonesia, China to cooperate in verifying exports` certificates Of Origin
Jakarta (ANTARA News) - Indonesia and China have agreed to cooperate in the verification of certificates of origin of exports (SKA) from the two sides to minimize smuggling."To prevent smuggling or illegal imports the two sides have agreed to cross-check the SKA of every export from Indonesia...
Thu, 08 Apr 2010
Chinese investor to develop container port in West Sulawesi
Mamuju (ANTARA News) - A Chinese investor will develop an international container port in Belang-Belang, Mamuju, West Sulawesi, in 2011, governor Anwar Adnan Saleh said here on Wednesday.He said the Chinese investor`s plan was the result of cooperation between the Indonesian and Chinese governments.
Wed, 07 Apr 2010
Total Direct Investment in Indonesia Up 10% in First Quarter
Quoting: KuKuKaChuThe country’s investment czar said on Tuesday investment czar? oh, good grief. he's not the messiah. he's just a very naughty boy.
Wed, 07 Apr 2010
Total Direct Investment in Indonesia Up 10% in First Quarter
The country’s investment czar said on Tuesday that realized foreign and domestic direct investment in the first quarter was expected to grow by 10 percent year on year as investors become increasingly confident about the nation’s economic prospects.
Wed, 07 Apr 2010
Indonesia tax scandal puts spotlight on corruption
Jakarta - A scandal involving an Indonesian tax official accused of amassing millions of dollars in his bank accounts has put a spotlight on corruption in the country's bureaucracy.Indonesia embarked on sweeping reforms after the fall in 1998 of autocratic president Suharto, whose 32-year rule was...
Wed, 07 Apr 2010
Kadin: Offer China Investment Facility in Energy Sector
TEMPO Interactive, Jakarta:The Indonesian Chamber of Industry and Commerce (Kadin) is proposing that the government offer China an investment facility in the energy and mineral sector.“For example a facility on investment management permits,” said Ali Herman Ibrahim, Head of Kadin Energy...
Wed, 07 Apr 2010
Indonesia, China to provide US$800 million for infrastructure
Jakarta (ANTARA News) - The Indonesian and Chinese governments will provide US$800 million to finance four toll road and bridge building projects in Indonesia by the middle of this year, a minister said.
Tue, 06 Apr 2010
Singapore companies urged to ride on Indonesia’s growth
Quoting: KuKuKaChuSingapore companies urged to ride on Indonesia’s growth coattails by Mohamed Hairul Borhan
Tue, 06 Apr 2010
Singapore companies urged to ride on Indonesia’s growth
Indonesia’s vast geography and plentiful natural resources continue to present plenty of opportunities for Singapore companies, said Minister for Trade and Industry Lim Hng Kiang.In his speech at the “Indonesia New Investment Climate and Business Opportunities Forum”, he said that every...
Sun, 04 Apr 2010
Indonesian Film Industry Association Opposes Plan to Open Investment to Foreign Players
Quote:“The quality [of local duplication] is good. Some 98 percent of our films are duplicated here,” he said.And available at your local ITC for only 7,000 rupes, too.
Sun, 04 Apr 2010
Indonesian Film Industry Association Opposes Plan to Open Investment to Foreign Players
A film industry body has come out against the government’s plan to open up the sector to foreign investment, saying liberalization would undermine the interests of local players.The film sector is one of several reportedly being opened up to foreign investment through the government’s revision...
Sun, 04 Apr 2010
Indonesia's Sweet Decades
Foreign investors are usually either over-optimistic or wildly pessimistic about Indonesia. Before 1997 they were piling in without a qualm. Then in the wake of the Asian crisis they convinced themselves that it was close to being a failed state.
Sun, 04 Apr 2010
Bali Demands a Share of the Lucrative Revenues Generated from Visas on Arrival
(4/3/2010) Beritabali.com says that the provincial government of Bali is demanding a share of the income the national government collects through the sale of visa-on-arrivals purchased at the island's Ngurah Rai International Airport. At present all funds collected for visas are remitted to Jakarta.
Sun, 04 Apr 2010
China promises to increase imports from Indonesia
Yogyakarta (ANTARA News) - China has pledged to encourage its private companies to increase imports from Indonesia to create growth in trade between the two countries."To maintain trade growth we will keep pushing businessmen to increase imports from Indonesia particularly crude palmoil,...
Sun, 04 Apr 2010
Indonesia, China agree to strengthen partnership
Yogyakarta (ANTARA News) - Indonesia and China agreed on steps to strengthen the strategic partnership agreement the two countries signed in April 2005.Indonesia`s minister of trade Mari Elka Pangestu and her Chinese counterpart Chen Deming signed "Agreed Minutes of The Meeting for Further...
Sun, 04 Apr 2010
Indonesia, China to implement ACFTA as scheduled
Yogyakarta (ANTARA News) - Indonesia and China have agreed to implement the ASEAN-China Free Trade Agreement (ACFTA) as scheduled and not to postpone its application to 228 tariff posts as requested by Indonesian entrepreneurs.
Sun, 04 Apr 2010
Four investors ready to enter Aceh
Banda Aceh (ANTARA News) - Four investors have been confirmed to invest in Aceh in 2010, according to the head of Aceh Promotion and Investment Agency, Anwar Muhammad, here on Saturday."Two of the four investors are from abroad and they will cooperate with local companies and start investing...
Sun, 04 Apr 2010
Yogyakarta`s exports to China increasing
Yogyakarta (ANTARA News) - Yogyakarta`s exports to China and other countries grouped in the free trade area agreement have been increasing from year to year, a regional trade official said."In the last several years, Yoyakarta`s exports to countries which had joined the free trade area...
Fri, 02 Apr 2010
Alcohol consumption in Indonesia
The Buddha Bar Restaurant in Jakarta, Dec. 4, 2008. Tariffs can create a near 500 percent increase in the cost of alcohol in Indonesia, and much of that cost is passed on to the consumer. (Beawiharta/Reuters)Enlarge PhotoJAKARKTA, Indonesia - Despite the government’s best efforts to curb the...
Fri, 02 Apr 2010
Key political risks to watch in Indonesia
JAKARTA, April 1 (Reuters) - Strong growth and political stability made Indonesia southeast Asia's most attractive investment destination last year, but the outlook is threatened by a struggle between reformers and powerful vested interests.
Fri, 02 Apr 2010
Indonesian Consumers Were More Confident in March, BI Says
Indonesians were more confident about the economy in March, according to a central bank survey released on Wednesday.Perry Warjiyo, Bank Indonesia’s director of economic and monetary research, said the Consumer Confidence Index, which reflects the level of optimism toward the economy, was 107.
Fri, 02 Apr 2010
RI posted US$1.71 billion trade surplus in February
Jakarta (ANTARA News) - Indonesia`s trade surplus in February reached US$1.71 billion, slightly up from US$1.1 billion in January, according to the Central Bureau of Statistics (BPS) on Thursday."The balance of trade shows a surplus of US$1.
Fri, 02 Apr 2010
Indonesia, China to discuss trade balance
Jakarta (ANTARA News) - The Indonesia-China Joint Commission will meet to discuss various issues including their trade balance, Trade Minister Mari Elka Pangestu said here on Thursday."A number of important issues will be discussed in the trade ministerial meeting such as our trade...
Fri, 02 Apr 2010
Chinese tourists to Bali up by 175.27 pct
Denpasar (ANTARA News) - The number of Chinese tourists visiting Bali increased by 175.27 pct from 11.422 in February 2009 to 31,441 in the same month this year."Thus, the number of Chinese tourists was only second to Australians of the ten countries with the highest number of tourists to the...