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Wed, 18 May 2011
Jasa Tirta Prepares Electricity Investment
TEMPO Interactive, Malang:State water supplier Jasa Tirta I plans to maximize the company’s potential to increase its revenue. The Brantas River manager has prepared Rp37.6 billion to invest in electricity and a potable water system, including a solar-generated power plant, Lodagung 1, worth Rp4...
Wed, 18 May 2011
Govt temporarily stops allowing foreign investment in oil palm sector
Solo, Central Java (ANTARA News) - The government has temporarily stopped allowing foreign investors to develop new oil palm plantations so as to give opportunities to local businessmen, Forestry Minister Zulkifli Hasan said.
Wed, 18 May 2011
Bapepam-LK issues permit to Mega Capital Investama as investment manager
Bapepam-LK issues permit to Mega Capital Investama as investment managerJakarta (ANTARA) - The Capital Market and Financial Institutions Supervisory Board (Bapepam-LK) has issued a business permit to PT Mega Capital Investama as an investment manager.
Wed, 18 May 2011
LG opens branch in Cirebon
Cirebon, West Java (ANTARA News) - Electronics manufacturer PT LG Electronics Indonesia has opened a new branch in Cirebon, West Java, to serve customers in Java`s northern coastal areas between Cirebon and Tegal.
Wed, 18 May 2011
Jambi gets Rp55 billion in coal production sharing
Jambi (ANTARA News) - The Jambi provincial government got a production share of Rp55 billion in the exploitation of coal potentials in the province in 2010, a local government official said."The Rp55 billion value constitutes a share the Jambi province should receive based on Law No.
Wed, 18 May 2011
Indian IT businessmen wish to invest in Surabaya
Surabaya, East Java (ANTARA News) - An Indian information technology business company is interested in making an investment in Surabaya known to have a big potential in this field."The major Indian company whom we have invited to come here today is very interested in capital investment in...
Wed, 18 May 2011
Korean firm to build pipe plant in Makassar
Makassar, South Sulawesi (ANTARA News) - South Korea`s PEM Korea Co.Ltd plans to build a polyethylene pipe plant on two hectares of land at Makassar industrial estate in June.PEM Korea Co. Ltd. President Director Jin Hwan Ho signed a cooperation agreement for the construction of the plant with...
Mon, 16 May 2011
Will Indonesia lose the next oil palm?
By: Rhett Butler Deep in the rainforests of Malaysian Borneo in the late 1980s, researchers made an incredible discovery: The bark of a species of peat swamp tree yielded an extract with potent anti-HIV activity.
Mon, 16 May 2011
Quota hampers rattan exports
Jakarta (ANTARA News) - The rattan export quota for the April - June 2011 period has not yet been issued so that rattan exports are now being hampered, a rattan businessman said.The delay in their exports caused the quality of rattan products which are now ready for export to be reduced, Lisman...
Mon, 16 May 2011
Tourism serves as backbone of Bali`s economy
Denpasar, Bali (ANTARA News) - The tourism industry is the driving force of Bali`s economy which is able to provide job opportunities for locals as well as for those from other regions in Indonesia, a statistics official said.
Mon, 16 May 2011
I takes part in AIM 2011 to attract Mideast investors
London (ANTARA News) - Indonesia took part in the Annual Investment Meeting (AIM) 2011 at the Dubai International Convention and Exhibition Center recently as part of efforts to attract more Middle Eastern investors.
Mon, 16 May 2011
Some 400 Chinese firms to exhibit goods in Jakarta
Jakarta (ANTARA News) - About 400 Chinese companies will display electronic and machinery products in an international Expo to be staged in Kemayoran here on May 19 - 21, 2011, a Chinese official said."The number of participants in the exhibition - the sixth to be staged in Indonesia - will be...
Mon, 16 May 2011
RI-China trade in 2011 expected to reach US$50 billion
Jakarta (ANTARA News) - The value of non-oil/non-gas trade between Indonesia and China is expected to reach US$50 billion in 2011, a Chinese official said."The actual figure may even exceed US$50 billion," Chinese embassy spokesman Xu Qi Yi said at a press conference on a planned Chinese...
Mon, 16 May 2011
Pertamina encouraged to take part in Angolan oil field block
Jakarta (ANTARA News) - State Enterprises (BUMN) Minister Mustafa Abubakar said he had encouraged state-owned oil and gas company Pertamina to take part in the development of an oil and gas block in Angola.
Mon, 16 May 2011
Lebanese City offers space for Indonesian trade promotions
Cairo (ANTARA News) - The mayor of the Lebanese city of Baalbeck, Hachem Osman, has offered to provide space for Indonesian trade promotion activities in his territory.The offer was made at a meeting with the Indonesian ambassador to Lebanon Dimas Samodra Rum on Thursday, according to a press...
Fri, 13 May 2011
Indonesia Aims Australia's Mining Service
ASEAN-Australia-New Zealand free trade agreement gives other advantages to Indonesia.VIVAnews - Trough bilateral agreement with Australia, the government aims mining service imports from Australia. This cooperation is the continuance from the free trade agreement between ASEAN, Australia, and New...
Fri, 13 May 2011
Wilmar Q1 net profit down 3.7 pct, remains positive on outlook
SINGAPORE, May 13 (Reuters) - Wilmar International , the world's largest listed palm oil firm, posted a smaller-than-expected fall in first-quarter net profit hit by weakness in consumer products segment, derivative losses and loss from its new sugar milling business.
Fri, 13 May 2011
US$ 683 Million Needed for Solar Energy Investment
TEMPO Interactive, Jakarta:The government needs an investment of around US$ 683 million to optimize solar energy as an energy resource. The investment is needed to produce solar electricity with a capacity of 180 megawatts (MW) in 2013.
Fri, 13 May 2011
National investor to build sugar mill in Pandeglang
Pandeglang, Banten (ANTARA News) - National company PT Geulis Tebu Perkasa plans to build a sugar mill and open sugarcane plantations in Pandeglang district, Banten province.The company had already applied for a permit to build a sugar mill and open sugarcane plantations, Head of the Pandeglang...
Wed, 11 May 2011
Taiwan to Explore Investment Opportunity in South Sulawesi
TEMPO Interactive, Makassar:Taiwan, through the Chamber of Trade and Industry, is considering investing in South Sulawesi. “I just found out that South Sulawesi is the biggest seaweed producer in the world.
Wed, 11 May 2011
Overhaul of Mining Law May Deter Investment, S&P Says
From: The Jakarta GlobeBy:Ririn Radiawati Kusuma & Shirley Christie A report by Standard & Poor’s Ratings Services that a regulatory overhaul of Indonesia’s mining industry would hurt companies’ performance received mixed reviews from industry players on Tuesday.
Wed, 11 May 2011
America Asked for Energy Investment Certainty
TEMPO Interactive, Jakarta:The United States has asked the Indonesian government for certainty on time limited contracts, especially for oil and gas development. “We don’t want modifications on contracts once they are agreed on,” Tom Cutler from the United States Department of Energy said...
Wed, 11 May 2011
Indonesia promises incentives for investors in energy sector
Indonesia promises incentives for investors in energy sectorJAKARTA, (Xinhua) Indonesian Energy and Mineral Resources Minister Darwin Zahedy Saleh has promised to consider providing fiscal incentives and more attractive production-sharing arrangements for potential investors in the energy sector, a...
Wed, 11 May 2011
RI-US open energy investment roundtable
Jakarta (ANTARA News) - Indonesian Minister of Energy and Mineral Resources Darwin Zahedy Saleh and US Ambassador Scot Marciel opened the US-Indonesia Energy Investment Roundtable on May 9 in Jakarta.According to a press release from the US Embassy to Indonesia received here, Tuesday, the...
Tue, 10 May 2011
Laos seeking RI investors
Jakarta (ANTARA News) - The Laotian government has asked Indonesia to encourage its national businessmen and state-owned companies to invest in that country.Laotian Prime Minister Thongsing Thammavong made the request in a bilateral meeting with President Susilo Bambang Yudhoyono at the Merdeka...
Tue, 10 May 2011
Over 35% of tourist arrivals from other ASEAN countries
Jakarta (ANTARA News) - Indonesia received 210,372 tourists from other ASEAN member states in March, accounting for 35.17 percent of the overall tourist arrivals in the country in that month."In March 2011, ASEAN tourists, for instance, from Singapore, Malaysia, the Philippines and Thailand...
Mon, 09 May 2011
Palm Oil Companies Hope to Persuade EU to Lower Its Standards for Imports
From: The Jakarta GlobeIndonesian palm oil producers hope the Asean-European Union Business Summit leads to a breakthrough in exports of crude palm oil to Europe, which fell sharply after more stringent environmental regulations were put in place last year.
Mon, 09 May 2011
Australian tourists to Bali up 28.89 pct
Australian tourists to Bali up 28.89 pctDenpasar (ANTARA News) - The 155,093 Australian tourists who visited Bali in the January-March 2011 period, increased by 28.89 pct compared to the 120,328 in last year`s same period.
Mon, 09 May 2011
Boediono Assures Foreign Investors
TEMPO Interactive, Jakarta:Vice President Boediono has assured foreign investors about Indonesia’s economic strength and stability. The government, he said, was carefully implementing its fiscal and monetary policy.
Fri, 06 May 2011
Volkswagen to Build Factory in Indonesia
Volkswagen, Europe’s biggest automaker, plans to build a factory in Indonesia by the end of this year at the latest, Industry Minister M.S. Hidayat said.“I had a talk with them [Volkswagen] about their plan.
Fri, 06 May 2011
OPIC Urges US Investors to Turn Their Focus to Regions
The chief of the Overseas Private Investment Corporation has urged US companies to cast their gaze outside of Java Island to tap the growing potential of Indonesia’s outlying regions.“Be patient, be persistent and aim for long-term partnerships,” OPIC president and chief executive Elizabeth...
Thu, 05 May 2011
Foreign Companies Eye Suburbs
TEMPO Interactive, Jakarta:Foreign companies operating in Indonesia are relocating to the suburbs, say industry experts. According to Tommy H. Bastamy, senior vice president of research and consultancy firm Coldwell Banker Indonesia, companies are starting to build retail and offices space on the...
Thu, 05 May 2011
Foreign Gas Stations Compete to Lure Customers
TEMPO Interactive, Jakarta:The non-subsidy fuel business is attractive to foreign gas stations, especially as the government is encouraging people to switch from using subsidized premium fuel to non-subsidized Pertamax.Last Monday, Pertamina increased the price of Pertamax to Rp 9,050.
Thu, 05 May 2011
Geothermal Power House Contract Reviewed
TEMPO Interactive, Banjarnegara:The contract and profit sharing agreement on Dieng’s geothermal resources will be reviewed, said House of Representatives’ (DPR) Commission VII member, Sugihono Karyosuwondo.
Thu, 05 May 2011
VP Boediono assures investors of RI`s prudent economic policies
Jakarta (ANTARA News) - Vice President Boediono has assured investors that the Indonesian government will continue to manage the country`s economy prudently in both fiscal and monetary terms, his spokesman, Yopie Hidayat, said.
Thu, 05 May 2011
EU will inject €30m to boost RI trade, investment climate
The European Union’s (EU) 27 member states will inject €30 million (US$44.66 million) into Indonesia to strengthen the trade and investment climate, according to the countries’ joint press statement.
Thu, 05 May 2011
Govt Wants US Investment To Double in Short Order
Indonesia expects the United States to more than double investment in Southeast Asia’s largest economy to capitalize on the stable political climate and growing economic clout.“I expect [US investment] to be steady at between $1 billion and $2 billion per year,” Gita Wirjawan, chairman of the...
Thu, 05 May 2011
New Regulation Throws Open Ports to Private Competition
Medan. Saturday will bring an end to state seaport operator Pelabuhan Indonesia’s dominance of the country’s ports as private competitors join the fray.Law No. 17/2008 on port operation, which goes into effect this week, limits seaport operators Pelindo I, II, III and IV from acting as...
Wed, 04 May 2011
President invites US businessmen to invest more in Indonesia
[b]President invites US businessmen to invest more in IndonesiaJakarta (ANTARA News) - President Susilo Bambang Yudhoyono has invited US businessmen to increase their investment in Indonesia. saying that living conditions in the country have improved.
Tue, 03 May 2011
Indonesia to Host Int'l Investment Conference
The conference will be held in Jakarta from May 3 to 5VIVAnews - Indonesian President Susilo Bambang Yudhoyono will open the seventh Overseas Private Investment Corporation (OPIC) international investment conference on May 4 in Jakarta. Also speaking at the opening ceremony will be U.S.
Tue, 03 May 2011
Queensland to Expand Trade with Indonesia
Indonesia is Queensland’s largest non-coal export destinationVIVAnews - Andrew Fraser, Treasurer of Queensland and Minister for State Development and Trade is visiting Indonesia this week to promote deeper trade, showcase Queensland expertise in geothermal energy, mining technology and share...
Tue, 03 May 2011
U.S. hopes to increase investment in Indonesia
JAKARTA, May 3 (Xinhua) - The Overseas Private Investment Corporation (OPIC), an investment vehicle of the U.S. government, was hoping that investment in Indonesia could increase through an international investment conference in Jakarta on May 3-5, an official said here on Tuesday.Dr.
Mon, 02 May 2011
Taxing questions
Taxation revenue comprises only around 13 per cent of Indonesia’s Gross Domestic Product (GDP) and only 14 per cent of Indonesians are registered to pay tax. In comparison, Australian tax revenue runs at 30 per cent of GDP and in Sweden it is 48 per cent; nearly all adults are registered...
Mon, 02 May 2011
Manpower Minister committed to restrict labor outsourcing
Jakarta (ANTARA News) - Manpower and Transmigration Minister Muhaimin Iskandar is committed to tighten and restrict outsourcing or the contract system of Indonesian laborers."Outsourcing will be tightened and restricted and may eventually be revoked," said Muhaimin when accompanying...
Mon, 02 May 2011
RI signs tax information exchange accord with Guernsey
London (ANTARA News) - The Indonesian government signed a tax information exchange agreement (TIEA) with the Guernsey and Jersey governments in Guernsey early this week.Indonesian Ambassador to Britain Yuri Octavian Thamrin on behalf of the Indonesian government signed the accord with Chief...
Mon, 02 May 2011
China to provide US$8 billion for RI infrastructure projects
Jakarta (ANTARA News) - China has pledged US$8 billion in commercial funds for Indonesia to support infrastructure and industrial development in the country.Visiting Chinese Prime Minister Wen Jiabao said at a joint press conference with President Susilo Bambang Yudhoyono here on Friday the funds...
Mon, 02 May 2011
RI, China agree to step up economic cooperation
Jakarta (ANTARA News) - Indonesia and China have agreed to increase the volume of their economic cooperation to up to US$80 billion through a series of programs in various sectors until 2015."Thanks to the two countries` efforts it could be US$80 billion until 2015," visiting Chinese...
Mon, 02 May 2011
RI offers China investment opportunities in six Economic corridors
Jakarta (ANTARA News) - Indonesia has offered China investment opportunities in the development of six economic corridors over the next 15 years."Indonesia will increase and expand its economy in the next 15 years through development of six economic corridors in the country and invites China...
Mon, 02 May 2011
China advised to relocate industries to Indonesia
Jakarta (ANTARA News) - Noted businessman Sukamdani Sahid Gitosardjono has called on the Chinese government to encourage its business players to relocate their industries to Indonesia to tap the latter`s economic potentials for the benefit of both nations and other ASEAN nations.
Mon, 02 May 2011
Indonesia Rides Ratings High, But Reforms Are Still Needed
When Standard & Poor’s upgraded Indonesia’s sovereign credit rating to BB+ in April, it meant all three mainstream ratings agencies had the country at just one notch below investment-grade level.