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Mon, 17 May 2010
Logistics Firm Has Pounced on Opportunities
With the increased pace of globalism and foreign investment opening markets in Asia, companies must be quick to establish a presence on the ground to seize the opportunities.Helping with this is Asian Tigers Lane Moving and Storage, a international logistics company that specializes in relocating...
Sun, 16 May 2010
Bali contributes 45 pct of forex from tourism
Denpasar, Bali (ANTARA News) - The Bali provincial administration contributed 45 percent of the foreign exchange of the Rp34 trillion earned from foreign tourists visiting Indonesia.Head of the Bali Tourism Service Ida Bagus Kadek Subhiku said here Friday Bali contributed to the national tourism...
Fri, 14 May 2010
Indonesian Trade with China Rises, Despite Fears of Tough Competition
When Chinese President Hu Jintao visits Indonesia May 17, the free-trade agreement between China and its neighbors in Southeast Asia will be a major topic of discussion. Some labor groups in Indonesia want the government to cancel the agreement.
Fri, 14 May 2010
Indonesia's Entertainment Tax World's Highest
From Jakarta GlobeBusinesses Not Amused By Tax Hikes on Entertainmentby Arientha PrimanitaProposed steep tax hikes on the cost of entertainment in Jakarta - including cinemas, high-end nightclubs and spas - have left many business operators in the capital warning of a potential economic disaster...
Wed, 12 May 2010
Indonesia's Entertainment Tax World's Highest
VIVAnews - The government is viewed by many as having too much ambition in increasing the income of the provincial governments by rising taxes. Entertainment tax, which is expected to go up by 75 percent, is seen by many as an effort to bring down tourism.
Wed, 12 May 2010
Indonesian businesses ask for delaying FTA with India
JAKARTA, May 12 (Xinhua) -- Indonesia's business associations asked the government to delay the implementation of ASEAN-India Free Trade Agreement (AIFTA) in the country scheduled to take in to effect on June 1 this year due to various reasons, local media reported on Wednesday.
Wed, 12 May 2010
Indonesia develops production of plantation-based lubricants
I think there's a JC marketing opportunity here: branded tubes of lube sawit
Wed, 12 May 2010
Bakrie Invests $100m for Broadband Launch
PT Bakrie Telecom is spending $100 million this year to fund its entry into the wireless broadband market through newly established subsidiary PT Bakrie Connectivity, an executive at the parent company said on Tuesday.
Wed, 12 May 2010
Investors to Get $3b Project Guarantee
State-owned PT Penjaminan Infrastructure Indonesia, which protects infrastructure investors against losses caused by bad policy, can guarantee up to Rp 26 trillion ($2.9 billion) of projects after it secured $500 million of support from the World Bank on Tuesday.
Wed, 12 May 2010
Yudhoyono Demand a Five Year Financial Plan Before Sri Mulyani Leaves
TEMPO Interactive, Jakarta: President Susilo bambang yudhoyono has ordered the outgoing Finance Minister Sri Mulyani to prepare a precise financial and budget plans for the next four years until 2014, that will facilitate sustainable taxation reform, government programs, and debt management until...
Wed, 12 May 2010
Indonesia develops production of plantation-based lubricants
JAKARTA, May 11 (Xinhua) -- The Indonesian government agencies have started researches to produce lubricant that uses oils processed from palms and castor in a bid to reduce dependence to fossil-based resources and address the environmental issue,local media reported Tuesday.
Tue, 11 May 2010
Investors should look beyond China
With the world transfixed by the growing economic importance of China, SooHai Lim, manager of the Baring ASEAN Frontier Fund, warns that investors only focused on this country could be missing many promising opportunities elsewhere in Asia.
Tue, 11 May 2010
House inspects infrastructure projects in W Sumatra
Padang (ANTARA News) - Members of Commission V of the House of Representatives made a working visit to West Sumatra for an inspection of infrastructure construction activities and for a close look at site of the landslide at Anai Vallue on the Padang-Bukittinggi highway.
Tue, 11 May 2010
Indonesia to cut meat imports by 10 pct per year
Mataram, W Nusa Tenggara (ANTARA News) - The government is trying to cut meat imports by 10 percent per year until the country achieves meat self-sufficiency in 2014, an Agriculture Ministry official said.
Tue, 11 May 2010
W Java offering geothermal energy potentials to New Zealand
Bandung, W Java (ANTARA News) - The West Java government is to offer opportunities to invest in geothermal energy development to New Zealand to speed up its regional electrification program, a provincial official said."Only 20 percent of West Java`s geothermal energy potential of 6.
Sun, 09 May 2010
Small-Scale Artisans Face Hurdles in Copyrighting Their Designs
While the Trade Ministry has been encouraging Indonesian exporters to add value to their goods, some handicraft producers are complaining about the difficulty in getting copyright protection for their designs.
Sun, 09 May 2010
Strongest Growth in a Year for Indonesia Expected as Recovery Momentum Builds
Indonesia’s economy probably expanded at the fastest pace in more than a year last quarter as record-low interest rates boosted consumer spending and exports and investment recovered.Gross domestic product grew 5.79 percent in the three months to March 31 from a year earlier, compared with 5.
Sun, 09 May 2010
Government Introduce New Transparency Law on Mining
TEMPO Interactive, Jakarta: The government announced that it has introduced a new regulation on transparency of state revenue from extraction industry to regulate revenue reports off all parties involved in mining idustry from the regional authorities to state mining firms.
Fri, 07 May 2010
Middle East investors eye Indonesia banking sector
Jakarta: Malaysia's Bank Islam and Middle East investors are keen to buy a stake in Bank Muamalat, the Indonesian bank said yesterday, as they look to tap Indonesia's vast but untested Islamic banking market.
Fri, 07 May 2010
Total Broadband Subscribers Will Nearly Double in 2010: Indosat
The number of broadband subscribers in Indonesia will almost double this year to 14.12 million and will reach 46.1 million in 2013 as more people access the Internet on wireless handsets, mobile telecom firm PT Indosat predicted on Thursday.Indonesia had 7.
Fri, 07 May 2010
Bakerie Plans Wireless Foray to Connect With Rising Youth Demand for Internet
PT Bakrie Telecom plans to enter the wireless broadband business in the third quarter amid growing demand from young consumers. It will use proceeds from an April bond sale to fund the expansion.“Indonesia is a young country with 50 percent of the population below 35, said Amit Bose, the...
Fri, 07 May 2010
Palm Oil Producers to Seek WTO Help Over Green Fears
Indonesia and Malaysia, the world’s biggest palm oil producers, may seek advice from the World Trade Organization to ensure that the European Union’s biodiesel rules do not reduce exports of the commodity, ministers have said.
Fri, 07 May 2010
Indonesia Ranked Six in Cell Phone Users
VIVAnews - Minister of Communications and Information Tifatul Sembiring stated that only 20 percent of total Indonesian population have the ability to access infrastructures and tech contents."In addition, 80 percent of Indonesian people are not tech literate," said Tifatul today, May 6,...
Fri, 07 May 2010
United Tractors Targets Sales at 5,500 Units
VIVAnews - PT United Tractors is targeting that the sales of heavy equipment Komatsu this year would reach 5,500 units, higher than last year's 3,400 units, with the projected income of Rp 20 trillion.According to United Tractors Director Hendrik K Hadiwinata, the estimated increase in sales aims...
Fri, 07 May 2010
Power Plant Operator to Cease Operation Over Electricity Price
TEMPO Interactive, Jakarta: Operator of a coal power plant in Central Sulawesi has threatened to cease its operation within four days if the State Electricity Company refused to respond to its demand for a higher selling price.
Fri, 07 May 2010
Jakarta, Kuala Lumpur agree to deal with campaigns against palm oil
Yogyakarta (ANTARA News) - Indonesia and Malaysia, the world`s two largest palm oil producers, agreed at a meeting here on Thursday to deal with negative campaigns against the two countries` palm oil industry.
Thu, 06 May 2010
IBM to Invest More in Indonesia
IBM is getting more serious in trying new changes in Indonesia.by Hadi Suprapto, Bayu GalihVIVAnews - Indonesian Vice President Boediono welcomed top officials from IBM Corporation in his office. During the visit, the IBM officials stated that Indonesia has been targeted one out of 20 countries for...
Thu, 06 May 2010
Malaysia and Indonesia enhance cooperation in content industry
Kuala Lumpur (ANTARA News/Bernama) - Malaysia and Indonesia Tuesday signed an agreement to boost cooperation in the fields of information and communications especially those involving the content industry for mutual benefits.
Thu, 06 May 2010
Rampant Economic Inequality Threatens to Taint Indonesia’s Impressive Rise
Seen from Jakarta’s glass-walled towers, the government’s reform drive is bearing fruit, with rising economic growth and foreign investment promising an even brighter future.But in the grimy Pasar Senen market, char-ridden from a recent fire, the economic benefits reaped by the city’s...
Thu, 06 May 2010
Indonesia's Diluted Expatriate Property Rule Nearly Completed
Quoting: KuKuKaChuThe government has backpedaled on a proposal to allow foreigners to own property in Indonesia for 90 years and will now only simplify the extension process and not change the maximum length of title from the current 70-year tenure. did I happen to say, "I told you so!"?
Thu, 06 May 2010
Indonesia's Diluted Expatriate Property Rule Nearly Completed
The government has backpedaled on a proposal to allow foreigners to own property in Indonesia for 90 years and will now only simplify the extension process and not change the maximum length of title from the current 70-year tenure.
Thu, 06 May 2010
Loss of Indonesia finance minister could hit reform
JAKARTA, May 5 (Reuters) - Indonesian Finance Minister Sri Mulyani Indrawati has quit after a bruising battle with anti-reformists in what could be a major blow to a crackdown on graft and tax evasion in Southeast Asia's biggest economy.
Thu, 06 May 2010
Unilever unit says Indonesia remains key palm oil supplier
JAKARTA, May 5 (Reuters) - The Indonesian unit of Unilever (ULVR.L) (UNc.AS), the world's top palm oil buyer, on Wednesday said it gets 65 percent of its palm oil from Indonesia despite halting purchases from a unit of market leader Sinar Mas Group.
Thu, 06 May 2010
People in Surakarta Uninterested in Job Opportunities
Quoting: KuKuKaChuAgus lamented job seekers in Surakarta who are being selective about their job. too right. let's bring back indentured labour.
Thu, 06 May 2010
People in Surakarta Uninterested in Job Opportunities
Surakarta:The Surakarta Social, Manpower, and Transmigration Office chief in charge of Manpower Placement and Work Expansion, Agus Alwanto, said not many people in the area were interested in jobs whose tasks includes getting customers, such as insurance, banking, and marketing.
Thu, 06 May 2010
Business Confidence in Indonesia is Higher than in other Asian Countries
TEMPO Interactive, Jakarta:The level of trust of businesses in Indonesia is higher than the average rate in Asian countries. The 2010 Edelmen Trust Barometer survey said the level of trust in Indonesia is as high as 64 percent while that in Asia – Pacific is 58 percent, and globally it is 54...
Wed, 05 May 2010
Indonesian finance minister to join World Bank
Sri Mulyani Indrawati, Indonesia’s well-regarded finance minister, will leave Jakarta next month to take a senior position with the World Bank in a move that could have long-term consequences for the country’s booming economy, stock market and anti-corruption drive.
Wed, 05 May 2010
Govt gives incentives to oil exploration companies
Jakarta (ANTARA News) - The government, under decree of the Finance Minister No 24/PMK.011/2010, is giving a fiscal incentive to upstream natural oil and gas as well as geothermal explorations.Finance ministry spokesman Harry Z Soeratin said in Jakarta Tuesday the fiscal incentive is given under...
Wed, 05 May 2010
RI's processed wood exports soar 1,270 pct
Jakarta (ANTARA News) - Indonesia`s processed wood exports in the first quarter of 2010 soared 1,270 percent to 3.15 million cu meters from the same period last year."Demand in the international market began to recover from the global financial crisis in the first quarter of 2010.
Wed, 05 May 2010
Govt to allow old foreigners to own property
The Ministry of Public Housing is drafting a revision of a government regulation that will allow foreigners aged at least 55 years old to own property in the country.Housing Minister Suharso Monoarfa said Tuesday the revision was expected to be completed at the end of this month and submitted to...
Tue, 04 May 2010
Indonesia’s Exports Increase 54% as Recovery Firms
Indonesia’s exports soared by 54 percent year-on-year during the first quarter, and 13 percent during March, providing further evidence that the economic recovery is gaining ground, analysts said.The Central Statistics Agency (BPS) reported on Monday that total exports reached $35.
Tue, 04 May 2010
China plans to invest US$618m in Batam
Import of Goods from Singapore Down 4.17 PercentTuesday, May 4, 2010 06:18 AM | Economy & Business | BusinessTanjung Pinang - Imports from Singapore to Riau Islands Province (KEPRI) decreased by 4.17% during February 2010 compared to the previous month, authorities said.
Tue, 04 May 2010
China plans to invest US$618m in Batam
At least 15 companies from China have planned to enter power generation business in Batam, Riau Islands, with combined investment commitments amounting to US$618 million.“The investors also look for other fields,” Batam Mayor Ahmad Dahlan said Monday after receiving a visit from China...
Tue, 04 May 2010
Key political risks to watch in Indonesia
JAKARTA, May 3 (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.
Tue, 04 May 2010
Investment in Dumai reaches rp 14 trillion
Dumai (ANTARA News)- Up to the end of last year investment in Dumai city, Riau, reached Rp 14 trillion, including Rp 4.49 trillion domestic investment, and Rp 9.695 trillion foreign investment.The favorable development had a positive effect on per capita income both in terms of prevailing and fixed...
Mon, 03 May 2010
Fake tax refund scheme costs hundreds billions losses
The Finance Ministry is investigating fake tax refund scheme that may cost the state hundreds of billions rupiah, Minister Sri Mulyani Indrawati said Monday.The scheme, by claiming value added tax refund for fictitious transactions, has become a structuralproblem, she told a press conference.
Mon, 03 May 2010
Singapore Highest in Investment in Indonesia
VIVAnews - Albeit the signed agreement of free trade between Asean and China, the investment from China along Q1 2010 was in fact lower than other countries.Singapore is listed as the country realizing investment in the first three months of 2010 worth US$675.8 million for 62 projects.
Mon, 03 May 2010
Four Investors Interested in Managing Jurug
TEMPO Interactive, Surakarta:Four investors have expressed their interest in managing Taru Jurug Animal Park located by the Bengawan Solo River. “All of the investors are from Solo, cooperating with partners from Jakarta, East Java, and Bogor,” Surakarta Mayor Joko Widodo told reporters...
Mon, 03 May 2010
Spike in Foreign Investment in Indonesia Puts 2010 Target in Reach
Indonesia posted a 41 percent rise in foreign direct investment in the first quarter of 2010 over the same period a year ago, but domestic investment fell 30 percent, the Investment Coordinating Board said on Sunday.
Mon, 03 May 2010
Geothermal Energy and Indonesia
When President Olafur Ragnar Grimsson of Iceland came to open the 2010 World Geothermal Congress on April 226 in Bali with Indonesian President Susilo Bambang Yudhoyono it was as if the fiery spirit of geothermal energy was angry with the human race.