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Wed, 04 Apr 2007
Longer titles to land, if you can get it, that is
Last week, the government and House of Representatives finally approved the long-awaited new investment law, replacing the 1967 Foreign Investment Law and 1968 Domestic Investment Law.One important change brought about by the new legislation involves extensions to the duration of land cultivation...
Wed, 04 Apr 2007
Investment Value of Broadband Network to Reach US$8.3 Billion
TEMPO Interactive, Jakarta: The investment value of the global telecommunication industry using the broadband network or Wimax is estimated to reach US$8.3 billiion or around Rp74.7 trillion by 2010.Country General Manager of Networks and Enterprise of PT Motorola Indonesia Didit Hermawan has said...
Wed, 04 Apr 2007
India Asks Indonesia to Continue Exporting CPO
TEMPO Interactive, Jakarta: Indian industrial groups making use of oil palm have asked Indonesia to continue importing crude palm oil (CPO).Should the government revise its export policy for crude oil palm, they would be threatened with having to stop using Indonesian oil palm products.
Wed, 04 Apr 2007
President told to get tough on high-level corruption
Professionals, lawmakers, academics and journalists have joined forces to urge President Susilo Bambang Yudhoyono to honor his campaign commitment to eradicate corruption at all levels.In a communique issued Tuesday, the group Civil Society Professionals asked the government to target those...
Wed, 04 Apr 2007
Govt. determines 11 telecommunication development blocks
JAKARTA (Antara): The Indonesian government has determined 11 universal service obligation (USO) telecommunication block areas in the country to continue its telecommunication infrastructurenetwork development scheme covering 18,000 villages in 2007, a telecommunication official said.
Wed, 04 Apr 2007
Do execs really want feedback?
Originally Posted By: Roy's hairha. This is all so true. You can't talk to Indo bosses about how to improve. They just don't wanna know. true for most bosses, probably. but far more true for asian bosses than western.
Wed, 04 Apr 2007
Do execs really want feedback?
ha. This is all so true. You can't talk to Indo bosses about how to improve. They just don't wanna know.
Tue, 03 Apr 2007
Customs and Excise Calling for Improvement on Importer’s Permit
TEMPO Interactive, Jakarta: Directorate General of Customs and Excises at the Department of Finance is asking the Department of Trade to improve permit issuance for importers to Indonesia. So far, the importer's permit has been so lax that the potentials of smuggling and state injury grow larger.
Tue, 03 Apr 2007
Oil Production Short of Target
TEMPO Interactive, Jakarta:Oil and condensate production up to March 2007 has not yet reached the target in the 2007 State Budget of 1.05 million barrels per day. Oil production is only 966,449 barrels per day.
Tue, 03 Apr 2007
US Offers Investment in Oil
TEMPO Interactive, Jakarta: US oil and gas company Powder River Basin Gas Corp (PRVB) has offered Indonesia to invest in a retail scale oil exploitation and manufacturing project in Saltdome, Texas, the US.
Tue, 03 Apr 2007
Focus on the Economy Until 2008
TEMPO Interactive, Jakarta: Coordinating Minister for the Economy Boediono estimated that the improvement of Indonesian economics will only be restricted to 2008. In 2009, the government and legislative members will focus on political issues instead of economic ones.
Tue, 03 Apr 2007
Bakrie Group earns quick profit from deal
India's Tata Power Company Limited (TPCL) raised many eyebrows here by agreeing to acquire 30 percent stakes in Indonesia's top coal-mining firms -- PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia -- for US$1.3 billion.
Tue, 03 Apr 2007
India's Tata Power enters RI coal sector with $1.3b purchase
In the early 1990s, India adopted the "Look East" policy to enhance its engagement with the dynamic East and Southeast Asian regions. After 15 years, Indians are not only looking at Southeast Asia, but are actually coming to the region in a big way.
Tue, 03 Apr 2007
Do execs really want feedback?
Monday, April 02, 2007DAVID SCHRIEBERDO EXECUTIVES REALLY WANT FEEDBACK? © Duncan Graham 2007Memo: All managers:"Do not copy US management texts. Write your own. Put advice in the context of Indonesian case studies. Local solutions can only come out of local cases." David Schrieber, consultant.
Tue, 03 Apr 2007
Newmont Rethinks RI
Newmont may re-evaluate Indonesian investment if exec found guilty in Buyat Bay gold trialNewmont Mining, as well as other overseas mining companies, may need to evaluate future Indonesian investment risks should Newmont executive, Richard Ness be found guilty in Buyat Bay pollution case.
Mon, 02 Apr 2007
Saratoga Investama to invest US$300 mln in oil palm plantations
Jakarta (ANTARA News/Asia Pulse) - PT Saratoga Investama Sedaya has said it will invest US$300 million to expand its oil palm plantations in Indonesia to 100,000 hectares this year.The investment will put the company, which is owned by tycoon Sandiago Uno, among the 10 largest oil palm plantation...
Mon, 02 Apr 2007
Centralizing investment licensing a bad idea
Below is a comment I left on the Jakarta Post website, in response to the above article. Section in red was deleted by JP.-----------------------Then president Megawati Soekarnoputri tried to centralize the licensing of foreign and domestic investment in the Investment Coordinating Board (BKPM) in...
Mon, 02 Apr 2007
Centralizing investment licensing a bad idea
Then president Megawati Soekarnoputri tried to centralize the licensing of foreign and domestic investment in the Investment Coordinating Board (BKPM) in 2004, but failed because of the strong bureaucratic jealousy between government institutions.
Mon, 02 Apr 2007
Investment law not enough: Businesses
Despite the enactment of the Investment Law last week, business players continue to reserve their enthusiasm, maintaining that it is far from enough to improve the country's investment climate."The new law gives legal certainty for business, especially on the land-use rights issue.
Mon, 02 Apr 2007
Do Indonesian companies really need foreign help
"Do not copy U.S. management texts. Write your own. Put advice in the context of Indonesian case studies. Local solutions can only come out of local cases." David Schrieber, consultant.Schrieber, a former University of Wisconsin (U.S.
Mon, 02 Apr 2007
Bakrie revenue up thanks to telecom surge
Widely diversified Bakrie and Brothers reported a nearly 60 percent increase in consolidated net revenue in 2006, largely on the back of gains in the business group's telecommunications and infrastructure businesses.The company's total net revenue rose to 4.33 trillion (US$481.
Mon, 02 Apr 2007
Bill Ends Govt. Railway Monopoly
The House of Representatives on Tuesday (27/3/07) approved the railway transportation bill, allowing the private sector to take part in the rail industry.All 10 factions of the House supported the bill in a plenary session in an effort to reform the public transportation system in the country,...
Mon, 02 Apr 2007
Germany's Metro Plans to Enter Retail
Europe's largest retail company, Metro AG, is planning to set up a network of 20 wholesale markets in Indonesia with an investment of 500 million euro ($666.2 million), a newspaper reported on Thursday (29/3/07).
Mon, 02 Apr 2007
FDI Up 15% in 1Q: BKPM
Actual foreign direct investments into Indonesia rose 15% on year to around $3 billion in the first quarter, preliminary figures issued Friday by the Investment Coordinating Board (BKPM) indicated, according to Dow Jones Newswires.
Mon, 02 Apr 2007
Investment Law Passed
The House of Representatives on Thursday (29/3/07) passed the long-awaited investment law designed to provide various incentives for both local and foreign investors.Among the incentives are exemptions or reductions of income tax, import duties and value-added taxes; accelerated accounting of asset...
Mon, 02 Apr 2007
Government Looks to Higher Growth
The government will set the growth target for the economy in 2008 at between 6.6% and 6.8%, higher than this year's state-budget target of 6.3%, Coordinating Minister for Economic Affairs Boediono said on Monday (26/3/07), ahead of the passage of new investment legislation.
Sun, 01 Apr 2007
India`s Tata Power in $1.1 bln Indonesian coal purchase
New Delhi (ANTARA News) - India's Tata Power said Saturday it is buying 30 percent stakes in two Indonesian coal producers for 1.1 billion dollars, giving it access to one of the world's largest exporting thermal coal mines.
Sun, 01 Apr 2007
Jani and the Bees
THE SWEET TASTE OF SUCCESS © Duncan Graham 2007The quotes and comments in this story could not have been published during Soeharto's New Order era. That's because they would have offended SARA – the government prohibition on discussing issues of religion, race and ethnic relations.