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Thu, 31 May 2007
Real sector seen lagging
Indonesia's real sector is still hampered by poor infrastructure and access to financing, resulting in continued slow growth despite stable macroeconomic conditions.These problems, which had been increasing in severity since the 1997-1998 Asian financial crisis, could not be simply resolved by the...
Thu, 31 May 2007
RI to announce policies to improve investment
JAKARTA (AP): Indonesia will announce new policies to improve investment in the country this week, Coordinating Minister for the Economy Boediono said Wednesday.The policies will be unveiled in one to two days, he said, without giving further details.
Thu, 31 May 2007
Crude Palm Oil Policy to be Effective from June 1
TEMPO Interactive, Jakarta: Crude palm oil (CPO) producers are to be obligated to set aside some of their products for domestic needs.The domestic market obligation (DPO) policy will come into effect as from June 1, 2007.
Thu, 31 May 2007
Business in Yogyakarta starts to recover from 2006 earthquake
Small and medium enterprises in Yogyakarta, the mainstays of the province's economy, have started to show signs of recovery after last year's earthquake.The recovery of SMEs in Bantul regency, the area worst affected, had now reached 60 percent.
Thu, 31 May 2007
BAT to focus on luxury brands to offset mid-range market losses
The Indonesian unit of one of the world's biggest cigarette producers, British American Tobacco Plc., will focus on the sale of premium-brand cigarettes to offset losses resulting from declining sales in its mid-range cigarettes, a company executive says."We will focus on our premium brands.
Thu, 31 May 2007
Regulator to probe price-fixing allegations
The Post and Telecommunications Directorate General says it will follow up on the findings of the University of Indonesia's Institute for Economic and Social Research (LPEM-UI) on indications of price fixing involving Telkomsel and Indosat.
Wed, 30 May 2007
RI on the outs with tourists: Survey
Indonesia fares poorly in a survey on the most popular tourist destinations in Asia, being ranked outside the top ten and way behind Thailand, Japan and China, which were named the top-three destinations.
Wed, 30 May 2007
Mobile-content industry looks promising
With Indonesia's mobile-phone market being one of the biggest in the world, coupled with the increasing availability of 3G services, the country's content industry appears to have a promising future.Agustinus Haryawirasma, the chairman of the Indonesian Mobile and Online Content Providers...
Wed, 30 May 2007
Housing and apartments pace property growth
Despite modest growth in office and industrial property sales, the residential-property sector has shown substantial improvement.Although economic growth has been improving, data from Procon Indah shows quite a disappointing picture for office and industrial-estate rentals.
Wed, 30 May 2007
Govt should be more active in creating conducive investment climate
Jakarta (ANTARA News) - The government should be more active in creating a conducive investment climate in the country, otherwise Indonesia will be lagging behind other countries which are currently intensifying the promotion of themselves as interesting places for investment.
Tue, 29 May 2007
CDMA tech operators face image problem
With more CDMA-based cellular handsets entering the market, variety and price are no longer the main obstacles to the industry's growth in Indonesia, operators claim.When CDMA technology entered the Indonesian market some six years ago, most operators targeted entry-level users by positioning...
Tue, 29 May 2007
Malaysia & Indonesia Build Oil Pipeline
TEMPO Interactive, Kuala Lumpur: Companies from Malaysia, Indonesia and Saudi Arabia signed an oil pipeline building contract worth US$7 billion or around Rp61.6 trillion in Malaysia for a seven year period, yesterday (28/5).
Tue, 29 May 2007
Indonesia offers Malaysian businessmen wider cooperation
Kuala Lumpur (ANTARA News) - Indonesian President Susilo Bambang Yudhoyono here on Monday offered Malaysian businessmen wider, fairer and mutually beneficial cooperation.He made the offer at a meeting with dozens of Malaysian businessmen grouped in the Malaysia-Indonesia Business Council, which was...
Mon, 28 May 2007
Campaign Against Software Piracy Launched
The Business Software Alliance (BSA), a non-profit anti-piracy organization funded by the software industry, has launched a nationwide campaign against software piracy by conducting a raid in collaboration with the police.
Mon, 28 May 2007
CP to Hike Oil Palm Investment
Thailand's Charoen Pokphand Group is increasing its oil palm plantation investments in Indonesia through its subsidiary PT Central Palma Plantation, as part of its plan to own up to 100,000 hectares of plantations in Indonesia by the end of the year, executive vice president Virachai Ratanabanchuen...
Mon, 28 May 2007
Australia's Bluescope to Expand
Australia's biggest steelmaker BlueScope Steel Ltd on Monday (21/5/07) announced it will spend $101 million to expand its operations in Indonesia, Dow Jones Newswires reported.The Melbourne-based company plans to build a second metallic coating line at its Cilegon operation west of Jakarta.
Mon, 28 May 2007
Telkomsel to double its call center capacity
Jakarta (ANTARA News) - Cellular telephone operator PT Telkomsel plans to double its call center capacity to 1.1 million calls a day."The service supported by an interactive voice response system is operated by around 4,000 personnel and has been the busiest call center in the country," VP Customer...
Mon, 28 May 2007
Foreign investors wish to build low-cost apartments
Yogyakarta (ANTARA News) - Several foreign investors have become interested in investment in low-cost apartments for rent to be built in various regions in Indonesia, Housing Affairs Minister Yusuf Asyari said here on Sunday.
Mon, 28 May 2007
Changing Demographics May Change Bali's Character
Will the 'Magic Kingdom' of Bali Soon Have Donald Duck Selling Tickets at the Gate?Bali News: Changing Demographics May Change Bali's Character(5/26/2007) A recent article in the Indonesian language Nusa Bali suggests that the increasingly large share of domestic travelers coming to Bali may play a...
Mon, 28 May 2007
Has Anyone Seen Our Tourists?
Despite Record Setting Foreign Tourist Arrival Numbers, Many Businesses Complain that Business is Bad. (5/26/2007) While balidiscovery.com's continuing series "Bali by the Numbers" suggest foreign tourist arrivals to Bali are hitting record highs [See: April Foreign Arrival Numbers Set New...
Sun, 27 May 2007
Govt must revise law on oil, gas to attract investors
indeed. these "go-between" institutions are no more than parasites. including the BKPM (investment coordinating board), who seem to think it is their function to stop indonesia being ravaged by investment. they are doing a good job.
Sun, 27 May 2007
Govt must revise law on oil, gas to attract investors
I suggest taking BPMIGAS out of the system as a starter. Archaic institution which does less to assist rather than the more they should be.
Sun, 27 May 2007
Austria interested in investing in biofuel in Indonesia
Jakarta (ANTARA News) - Austria was interested in investing in a biofuel industry development, both from crude palm oil and jatropha curcas plants, according to a diplomat.Austrian Ambassador to Indonesia Klaus Wofer made the statement in Purwakarta, West Java, on Friday after attending the...
Sun, 27 May 2007
Handicraft industry bounces back
Amid all the destruction and loss of life caused by last year's Java earthquake, one often overlooked casualty was Yogyakarta's handicraft industry.But a year after the May 27 quake, which devastated Yogyakarta and parts of Central Java, the industry is beginning to bounce back.
Sun, 27 May 2007
Govt must revise law on oil, gas to attract investors
Jakarta (ANTARA News) - The government should soon amend Law No. 22/2001 on Oil and Gas as part of its efforts to attract foreign investors, particularly for development of new oil fields in the country, oil observer Kurtubi said here on Saturday.
Fri, 25 May 2007
KL, RI reaffirm biodiesel plans despite industry uncertainty
KUALA LUMPUR (AP): The Malaysia and Indonesian governments Friday reaffirmed plans to set aside a combined 12 million metric tons of palm oil a year for biodiesel production despite uncertainty about the future of the industry.
Fri, 25 May 2007
Govt hopes China build automotive industry in Indonesia
Jakarta (ANTARA News) - The Indonesian government hopes that major Chinese companies which are holding a machinery and electronic exhibition here would build an industrial base in Indonesia for their machinery, automotive and electronic products.
Fri, 25 May 2007
BI Doubts household consumption growth to reach target
Jakarta (ANTARA News) - Senior Deputy Bank Indonesia (BI) Governor Miranda Goeltom has expressed doubt that the country`s household consumption growth in 2008 will reach the government-set target of 5.7-6.2 percent."In the past five years household consumption grew only 2.3-4 percent.
Fri, 25 May 2007
House, govt still at odds over taxation review bill
The sluggish deliberation of the government's taxation law amendment bills resumed Thursday with the government and lawmakers still at odds over a number of key issues, which will likely further delay the enactment of the much-need legislation.
Thu, 24 May 2007
Candy business is tasty, thanks to the RI's sweet tooth
Problems solved (no diabetes or coronary diseases) if we all switch to dark chocolate.
Wed, 23 May 2007
Candy business is tasty, thanks to the RI's sweet tooth
Yes -too much ketjap manis too. I like silver queen, because its a bit salty imo.
Wed, 23 May 2007
Medicine Prices in Indonesia Extremely High
Good luck on getting that law passed here. To much money is being made by the companies and doctors. I know the practice of giving doctors incentives is practiced all over the world but Indonesia takes it to a whole new level. You have Kalbe, Sanbe and Suharto to thank for the system.
Wed, 23 May 2007
Candy business is tasty, thanks to the RI's sweet tooth
Originally Posted By: DilliThats why there is a "Doktor Gigi" on evry corner.... yes, and why the rate of diabetes amongst Indonesians is the highest in the world, and one of the leading causes of death here. Many coronary related deaths are in fact the result of diabetes.
Wed, 23 May 2007
Candy business is tasty, thanks to the RI's sweet tooth
Thats why there is a "Doktor Gigi" on evry corner....
Wed, 23 May 2007
BI urges govt to use new funds for infrastructure
The central bank has urged that the proposed increase in government spending next year be used primarily for infrastructural development so as to spur faster growth in the real sector.For its part, Bank Indonesia will continue to encourage more bank lending, and help keep inflation under control...
Wed, 23 May 2007
US, Indonesia agree to boost trade, investment links
US, Indonesia agree to boost trade, investment linksTue May 22, 12:29 PM ETWASHINGTON (AFP) - The United States and Indonesia are to launch a set of initiatives aimed at boosting bilateral trade and investment ties, their trade ministers said after talks here Monday.
Wed, 23 May 2007
RI needs Rp 1,296 trillion in investment next year to grow 6.8 percent
JAKARTA (Antara): Indonesia will need Rp 1,296 trillion (US$145 billion) in investment next year to meet the economic growth target of 6.8 percent, a minister said Tuesday."To post a growth rate of 6.8% in 2008, investment level should increase by 14 percent reaching the amount of Rp 1,296...
Wed, 23 May 2007
Medicine Prices in Indonesia Extremely High
TEMPO Interactive, Jakarta: The public buys medicine with a price that is actually higher than the standard price. This fact is rarely realized because the medicines are needed and the consumers are not given an option to use other medicines.
Tue, 22 May 2007
Bakrie Builds Biodiesel Plant
PT Bakrie Rekin Bio Energy is building a biodiesel processing plant in Batam, which is expected to start operating mid next year and be able to process 100,000 tons of biodiesel annually, mainly for the overseas market, The Jakarta Post reported.
Tue, 22 May 2007
President Vows Better Investment Climate
President Susilo Bambang Yudhoyono on Monday (14/5/07) pledged to make Indonesia a better place for foreign and domestic investors engaged in oil and gas exploration and production.Speaking at the opening of the 31st annual Indonesian Petroleum Association Convention and Exhibition in Jakarta, Dr.
Tue, 22 May 2007
Ad Spending Up 19% in Q1
Advertising industry spending on TV and print media spots grew 19% in the first quarter, hitting Rp7.03 trillion ($798.75 million), according to ACNielsen Indonesia.This represents a significant rise from advertising spending of Rp5.92 trillion in the January-March period of 2006, and Rp5.
Tue, 22 May 2007
Watch on Palm Oil Exports
Trade Minister Mari Pangestu said Thursday (17/5/07) the government is watching if palm oil exports need to be taxed more to ensure domestic supply, but will wait a few more weeks to determine what it will eventually do to prevent cooking oil prices from rising further.
Tue, 22 May 2007
Astra Agro to Expand Oil Palm
Leading agribusiness company PT Asra Agro Lestari said it will acquire 17,000 hectares of palm oil plantation this year, mainly in East Kalimantan, Antara reported.The acquisition is part of its plan to expand its oil palm plantations by 100,000 hectares by 2010, director Bambang Palgunadi said.
Tue, 22 May 2007
Malaysia's Alkauthar Eyeing Revival of Bali Air
Malaysia's Alkauthar Eyeing Revival of Bali AirMalaysia's Alkauthar Sdn Bhd is eyeing a majority stake in Bali Air, which suspended operations in April 2005.Alkauthar told the Investor Daily it plans to convert Bali Air, which had five aircraft before it stopped operating, into a cargo carrier.
Tue, 22 May 2007
Chinese Manufacturers Studying Market
Some 54 major manufacturing companies from China are studying market expansion in Indonesia, Antara reported on Wednesday (16/5/07).The companies, which deal with the automotive and component, machinery, heavy equipment, communication and technology, and electronics industries, will take part in a...
Tue, 22 May 2007
Economy Grew 6% in Q1
Strong exports and reviving consumption helped push the economy in the first quarter, momentum that could see it grow even faster over the course of the year, The Jakarta Post reported.First-quarter growth in terms of gross domestic product (GDP) was at 6% year-on-year, the Central Bureau of...
Tue, 22 May 2007
A who's who of Indonesian biofuel
JAKARTA - Some of Indonesia's most influential and politically connected companies have refocused their business strategies and are joining hands with foreign investors to push forward the government's multi-billion dollar ambition to transform the country into the world's leading biodiesel...
Tue, 22 May 2007
Candy business is tasty, thanks to the RI's sweet tooth
Casinos and tollroads are highly rated by entrepreneurs as guaranteed money-makers, second only to the mint itself. Candy would probably come close, if you stop to ask yourself how much it could have actually cost to produce that popular little lozenge you're about to pop into your mouth.
Mon, 21 May 2007
Housing minister to declare start of building low-cost apartments in four cities
Padang, West Sumatra (ANTARA News) - Housing affairs minister M Yusuf Asy`ari during a visit to Padang, West Sumatra provincial capital, on Monday, led a ground breaking ceremony marking the start of the construction of a low-cost apartment for rent in the university campus in Padang, and...
Mon, 21 May 2007
Veep calls on university alumni to create job opportunities
Palembang (ANTARA News) - Vice President Jusuf Kalla has called on University Alumni Association (IKA) to help create job opportunities through the introduction of new innovation."The Alumni Association of whatever university should be able to create job opportunity for their junior colleagues,"...