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Mon, 12 May 2008
SBY to issue new economic package
Rendi Akhmad Witular, The Jakarta Post, Jakarta The administration of President Susilo Bambang Yudhoyono is slated to issue its last package of economic policies later this month to help expedite private investment and spur economic growth ahead of next year's elections.
Mon, 12 May 2008
What a shameful mess
Editorial, The Jakarta PostWhat a mess greeted air travelers to Jakarta last Thursday when for the third time in the past six months the toll road to Soekarno-Hatta International Airport became impassable because of tidal flooding.
Mon, 12 May 2008
New Bintan Island resort gets millions
PT Bintan Resort Cakrawala, an integrated resort developer, over the weekend launched a new 1,300 hectare resort development site on Bintan Island, already attracting US$32.99 million in transactions from a host of investors and partners.
Mon, 12 May 2008
Indonesia GDP grew more than 6 pct in Q1, pace to moderate in next 3 quarters
Jakarta (ANTARA News) - Indonesia's gross domestic product (GDP) probably grew more than 6 percent in the first quarter from a year ago due to robust domestic consumption and exports, 10 economists polled by Thomson Financial said.On an annual basis, first-quarter GDP growth is seen at 6.
Sat, 10 May 2008
Arcelor Mittal to invest $10 bn in Indonesia
So how many more decent state enterprises are let for selling to meet the needs of the State Budget? They will runout soon of State companies that outside investment will want to buy. What's next Telkom, Pertamina, PLN (na no one would want to buy PLN)?
Sat, 10 May 2008
Arcelor Mittal to invest $10 bn in Indonesia
Oh boy, I know of several steel resellers in the city that will not be happy with this arrangement once it takes hold. Some have exclusivity in Krakatau to certain sizes of steel that gives them the ability to sell at their set price.
Sat, 10 May 2008
Arcelor Mittal to invest $10 bn in Indonesia
Indonesia News.NetFriday 9th May, 2008 (IANS)Jakarta, May 9 (Xinhua) Luxembourg-based steel maker ArcelorMittal has raised its investment cap for new operations in Indonesia to $10 billion from $3 billion that includes bid to acquire shares in state-owned Krakatau Steel, media reports said Friday.
Sat, 10 May 2008
Indonesia mismanaged its oil potentials, observer
What a twat. Where would it get refined!
Sat, 10 May 2008
Govt distributes funds for boosting rice, corn and soybean production
Jakarta (ANTARA News) - The Finance Ministry is taking care of the distribution of funds allocated by the Agriculture Ministry to the farmers to increase the production and productivity of rice, corn and soybean.
Sat, 10 May 2008
Indonesia mismanaged its oil potentials, observer
Jakarta (ANTARA News) - Indonesia could have reaped great profits from the current high world crude oil prices and would not have plunged into its present difficult situation if it had managed its oil potentials well, oil industry observer Dr Kurtubi said.
Sat, 10 May 2008
Govt plans scrapping subsidies for wealthy households
I'll have to give up at least one off my hobbies...
Sat, 10 May 2008
Govt plans scrapping subsidies for wealthy households
Quote:The company has also scrapped subsidies for the 6,600-watt user group, which includes businesses and wealthy consumers.i'm in this category (no, not as a wealthy consumer!)oh well, free ride is over ...
Sat, 10 May 2008
Govt plans scrapping subsidies for wealthy households
Quote:For households with a 2,200-watt capacity, the benchmark is set at 283 watts. These households would have to a pay nonsubsidized rates of Rp 1,092 per kilowatt hour (KwH) if their electricity usage exceeds the benchmark.Thats me fucked then....
Fri, 09 May 2008
Free Software from Bill Gates
Originally Posted By: viperaberushitam Originally Posted By: KuKuKaChuthere have been far too many meetings over the past year between Gates and SBY for my liking.Gates' 'charity' seems to be comprised of giving away 'free' software in order to entrap a future generation of computer...
Fri, 09 May 2008
Free Software from Bill Gates
Originally Posted By: KuKuKaChuthere have been far too many meetings over the past year between Gates and SBY for my liking.Gates' 'charity' seems to be comprised of giving away 'free' software in order to entrap a future generation of computer users into the micro$oft monopoly.
Fri, 09 May 2008
Free Software from Bill Gates
there have been far too many meetings over the past year between Gates and SBY for my liking.Gates' 'charity' seems to be comprised of giving away 'free' software in order to entrap a future generation of computer users into the micro$oft monopoly.
Fri, 09 May 2008
Free Software from Bill Gates
I want to know what the real purpose of Gates' visit is. He has long had a close relationship with SBY. The Prez even flew, if I am not mistaken, to Seattle (is that where Microsoft is based) to visit Gates when he went to the US after the 2004 elections.
Fri, 09 May 2008
Free Software from Bill Gates
Friday, 09 May, 2008 | 16:15 WIBTEMPO Interactive, Jakarta: Chairman of the Microsoft Corporation Bill Gates offered free computer software for improving the information technology capability of junior and senior high school students in Indonesia.
Fri, 09 May 2008
Power Trading to spend 3 bln rupees on Indonesian coal mines
Mumbai (ANTARA News/Thomson Financial) - Power Trading Co. India Ltd. (PTC) plans tospend 3 billion rupees buying coal mines in Indonesia over the next year, said the Daily News and Analysis newspaper, citing PTC chairman and managing director Tantra Narayan Thakur.
Fri, 09 May 2008
China to become important country to Indonesia
Beijing (ANTARA News) - China will become an important and strategic country for Indonesia, which has become apparent in view of the fact that many Indonesian high-ranking government officials had been visiting China to expand cooperation in many sectors.
Fri, 09 May 2008
Yudhoyono calls on youths to use their brains in facing global competition
Magelang, Central Java (ANTARA News) - Defence Minister Juwono Sudarsono said President Susilo Bambang Yudhoyono has called on members of the younger generation to use their brains in the current world developments full of competition.
Fri, 09 May 2008
Govt plans scrapping subsidies for wealthy households
The government plans to scrap electricity subsidies for middle and upper-income households to ease pressure on the state budget.Should the House of Representatives clear the proposal, state power firm PT Perusahaan Listrik Negara (PLN) would apply the policy in July.
Fri, 09 May 2008
Indonesia Adopts Stringent "Green" Palm Oil Standard
JAKARTA - Indonesia, the world's biggest palm oil producer, plans to take firm measures aimed at ensuring palm oil firms meet stringent standards before labelling their products as eco-friendly, an industry watchdog said on Wednesday.
Fri, 09 May 2008
Indonesia losing US$16 bln per year by natural resources theft
Quote:He said the natural resource thieves had strong capital and ships and were well-organized to operate illegally in Indonesia`s watersSounds very much like the military fighting themselves!
Fri, 09 May 2008
Govt speeds up $10b Java Sumatra bridge
The government is slated to begin construction next year of the country's longest and most expensive bridge, linking Sumatra and Java islands, a year ahead of schedule.Lampung Governor Sjachroedin Z.P. said Thursday the government would start work on the 29 kilometer bridge across the Sunda strait...
Fri, 09 May 2008
China considers buying land overseas to secure food supply
Beijing (ANTARA News/XFN-Asia) - The Chinese government may encourage domestic companies to buy farmland abroad, particularly in Africa and South America, to help guarantee food security, the Financial Times reported.
Fri, 09 May 2008
Indonesia losing US$16 bln per year by natural resources theft
Magelang, Central Java (ANTARA) - Defense Minister Juwono Sudarsono said Indonesia`s natural resources which were stolen each year reached a total value of US$16 billion."We have been losing 16 billion dollars every year since 2004," the minister said after planting a `sawo` tree within the...
Fri, 09 May 2008
China to become important country to Indonesia
Beijing (ANTARA News) - China will become an important and strategic country for Indonesia, which has become apparent in view of the fact that many Indonesian high-ranking government officials had been visiting China to expand cooperation in many sectors.
Thu, 08 May 2008
Food firms may post lower profit due to soaring production costs
Quote:Food company Siantar Top, which produces snacks, recorded an almost nine-fold drop in net profit during the first quarter of this year to Rp 744 million from Rp 3.02 billion in the same period last year. I do wish they could standardise a number system.
Thu, 08 May 2008
Food firms may post lower profit due to soaring production costs
Novia D. Rulistia and Rendi Akhmad Witular, The Jakarta Post, Jakarta While most publicly listed food processing companies have enjoyed hefty first-quarter profits, rising global food crop and energy prices are likely to squeeze earnings in the coming months.
Thu, 08 May 2008
Local shipping not yet ready for proposed 2011 cabotage
Stakeholders said the local shipping industry would not be ready for the implementation of the cabotage principle, scheduled for 2011, without more incentives and regulatory reforms.President director of PT Samudera Indonesia Tbk Randy Effendi said the local shipping industry might need more than...
Thu, 08 May 2008
Chinese investor to build thermal power plant in Padang
Padang, W Sumatra (ANTARA News) - State electricity company PT PLN will appoint China National Technical Import Corporation (CNTIC) to build a government-funded thermal power plant at Teluk Sirih in Padang, West Sumatra, at a cost of Rp2.5 trillion, a spokesman said.
Thu, 08 May 2008
Kalla Considers Indonesian Economy to be Not Too Bad
Wednesday, 07 May, 2008 | 13:03 WIBTEMPO Interactive, Jakarta: Vice president Jusuf Kalla has he considers that the government’s performance under President Susilo Bambang Yudhoyono and himself has not been too bad.
Wed, 07 May 2008
New investments down on oil price, realization to grow 15%
Indonesian govt likes foreign Investor money, but doesn't like foreign investors. We've perfectly seen this with telco tower sharing issue. Lots of foreign investors started to put money into this (large sums), just to find out that few months later govt issued regulation forbidding foreign...
Wed, 07 May 2008
PT KA to form a new subsidiary for Greater Jakarta rail network
State railway operator PT Kereta Api (PT KA) is forming a new subsidiary to handle operations in Greater Jakarta, a company official said Monday.PT KA head of public relations Adi Suryatmini said the company was restructuring its business to become more efficient.
Wed, 07 May 2008
New investments down on oil price, realization to grow 15%
A year has passed since the House of Representatives amended the law on investment in March 2007, promising incentives and equal treatment for domestic and foreign investors. The amendment was only the first major step in a series of promised regulatory reforms targeted at improving the domestic...
Wed, 07 May 2008
Kadin: Help labor-intensive industries
Aditya Suharmoko and Rendi A. Witular, The Jakarta Post, JakartaWith the fuel prices hike imminent, the government should provide incentives to labor-intensive industries that will be the hardest hit by the policy, says the Indonesian Chamber of Commerce and Industry (Kadin).
Wed, 07 May 2008
SMEs able to adapt to higher fuel oil prices, minister says
Jakarta (ANTARA News) - Cooperatives, Small and Medium Scale Businesses Minister Suryadharma Ali said he was confident small- and medium-scale enterprises (SMEs) will be able to adapt themselves to increased fuel oil prices.
Wed, 07 May 2008
IRIF 2008 offers 200 projects in 75 districts and municipalities
Jakarta (ANTARA News) - Some 200 projects in 75 districts and municipalities will be offered in the Indonesian Regional Investment Forum (IRIF) to be held here on May 26 and 27.President Susilo Bambang Yudhoyono is scheduled to open the event jointly held by the Regional Representatives Council...
Wed, 07 May 2008
Bill Gates to Visit Indonesia This Thursday
I thought they already had been locked into Microsoft about two years ago....
Tue, 06 May 2008
Emaar Jakarta tower to be the tallest in SE Asia
It was only four years ago that Sutiyoso launched construction of the "Jakarta Tower" in Kemayoran, announcing it would be the world's tallest tower at 558 meters. Then again, around that time he also launched construction of the city's monorail, which was to be up and running by 2006.
Tue, 06 May 2008
Bill Gates to Visit Indonesia This Thursday
with the frequency of his visits to indonesia, one would be forgiven for thinking that bill was wanting to immigrate.but no. more like he's trying to lock in the indonesian government into using microsoft's crappy and expensive software.SBY, here's some free advice: open source.
Tue, 06 May 2008
Bill Gates to Visit Indonesia This Thursday
Tuesday, 06 May, 2008 | 16:06 WIBTEMPO Interactive, Jakarta: The founder of Microsoft, Bill Gates, will come to Indonesia on Thursday this week.He is scheduled to give a speech at the annual Asia Pacific government leaders forum.
Tue, 06 May 2008
Holcim to build new plant in Tuban by 2009 to meet domestic demand
The Jakarta Post , Jakarta Publicly listed PT Holcim Indonesia, the nation's third largest cement producer, plans to build a new plant worth US$400 million with an annual production capacity of 3.5 million tons in Tuban, East Java, by the end of 2009.
Tue, 06 May 2008
RI economy grows slower in Q1, BI says
Aditya Suharmoko, The Jakarta Post, JakartaThe economy grew at a lesser rate in the first quarter of 2008, compared to in last year's fourth quarter, on a slower growth in investment and consumption amid rising inflation and a global economic slowdown, Bank Indonesia (BI) said Monday.
Tue, 06 May 2008
Emaar Jakarta tower to be the tallest in SE Asia
The Jakarta Post , JakartaDubai-based real estate giant Emaar Properties plans to build a landmark tower in Jakarta, which would be the tallest skyscraper in Southeast Asia, a presidential envoy says.Special envoy for the Middle East Alwi Shihab said Monday the Chairman of Emaar, Mohamed Ali...
Tue, 06 May 2008
VP signals fuel oil prices to rise by 30 percent
Jakarta (ANTARA News) - Vice President Jusuf Kalla has signaled that the domestic fuel prices would rise by 30 percent."The government twice raised the domestic fuel prices, namely by 30 percent in March 2005, and by 120 percent in 2006," the vice president said at the National Development Planning...
Tue, 06 May 2008
Apac Coal looking to raise $15M for mine
Australia's explorer APAC Coal Ltd is looking to raise $15 million through an initial public offering to fund the development of a thermal coal mine in Indonesia, Australian Associated Press reported.APAC Coal's flagship project is located in East Kalimantan, and contains a resource of 5.
Tue, 06 May 2008
Reliance Power to buy coal mines
India’s Reliance Power Ltd. plans to invest $650 million to develop an Indonesian coal mine to ensure supplies as prices rise to a record, Bloomberg reported Tuesday.The cost includes the mine, a railway and a jetty to ship coal from the South Sumatra province to a power station being built in...
Tue, 06 May 2008
Govt. considering cutting coal royalty
The government is considering cutting coal royalty to be paid by coal contractors to the government from 13.5% to 7.5% Asia Pulse reported Tuesday.The policy is to encourage contractors to supply low grade coal for state electricity company PLN, which needs large supply to feed its coal-fired power...