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Wed, 24 Jun 2009
Indonesian parliament enacts public service law
Indonesian House of Representatives finally enacted Tuesday the much-expected public service law that punishes government officials who delivered ill-conducted services to the public.After four years of discussions, lawmakers in the parliament unanimously agreed to enact the law called Public...
Wed, 24 Jun 2009
`Coconut economy' untapped
Indonesia's coconut-based industries remain largely untapped and lag behind regional peers due to lack of development in the sector, despite Indonesia being one of the world's largest growers of coconut palms, an association says.
Wed, 24 Jun 2009
Cement market hit by property slump
Indonesia's cement consumption in May shrank 14.4% year-on-year to 3.05 million tons amid a slump in the property and construction sector, Asia Pulse reported.It was the steepest contraction in monthly consumption from 3.56 million tons in April, the association of cement companies said.
Wed, 24 Jun 2009
Nokia, Samsung mull cellular phone plants Electronic companies
Electronic companies Nokia of Finland and Samsung of South Korea are exploring the possibility of building cellular phone manufacturing and assembling plants in Indonesia, a ministry official said on Tuesday, Antara reported.
Wed, 24 Jun 2009
Business scents recovery
A number of business sectors appear to be experiencing a boost, with higher sales in areas such as automotives and heavy equipment, while banks are starting to lower credit rates, likely increasing the momentum of recovery.
Wed, 24 Jun 2009
Kadin seeks tax incentives to boost growth in IT sector
Benget Besalicto Tnb. , The Jakarta Post , Jakarta | Tue, 06/23/2009 1:22 PM | BusinessThe country's business lobby has called on the government to provide tax incentives for the information technology sector and allow it greater access to financing to accelerate its growth amid the sector's...
Wed, 24 Jun 2009
Emaar and Indonesian Government extend JV to develop The Lombok Project by six months
Quoting: Jungle GeorgeIf Arabs and Indonesians can get their collective sh't together there is a lot of money to be made from this project. can't disagree there. it will be the new hawaii bali. and, i guess, therein lies the problem.
Tue, 23 Jun 2009
Emaar and Indonesian Government extend JV to develop The Lombok Project by six months
Quoting: Jungle GeorgeIn a perverted sort of way, this Lombok Project fits perfectly the Arabs and the Indonesians. Both are Muslims, both like to pretend they lead a life according to the Koran, and both like to find a safe place to get away and drink, party and monger with pretty girls.
Tue, 23 Jun 2009
Emaar and Indonesian Government extend JV to develop The Lombok Project by six months
In a perverted sort of way, this Lombok Project fits perfectly the Arabs and the Indonesians. Both are Muslims, both like to pretend they lead a life according to the Koran, and both like to find a safe place to get away and drink, party and monger with pretty girls.
Tue, 23 Jun 2009
Emaar and Indonesian Government extend JV to develop The Lombok Project by six months
1. Follows meeting of Government and Emaar International representatives in Dubai2. The Lombok Project is a mixed-use resort-style developmentThe Indonesian Government has extended the joint venture between Emaar Indonesia and PT Pengembangan Pariwisata Bali (Persero), a government entity, to...
Tue, 23 Jun 2009
Number of taxpayers jump to 14m in May
Aditya Suharmoko, The Jakarta Post, Jakarta The number of taxpayers stood at 14.1 million in May, a jump from 10.6 million at the end of 2008, indicating an increasing awareness of people to pay tax, according to the tax office.
Tue, 23 Jun 2009
Cool response seen to new Indonesia CPO contract
JAKARTA, June 22 (Reuters) - Indonesia is due to launch on Tuesday a physical crude palm oil contract, but low volumes and a lack of transparency will crimp the move to establish a new benchmark in the world's top producer, traders said.
Tue, 23 Jun 2009
Indonesia`s CPO exports down 54 percent: Greenomics
Jakarta (ANTARA News) - Indonesia`s crude palm oil exports dropped 54.02 percent in the first three months of 2009, compared with the same period last year.The executive director of Greenomics Indonesia.
Mon, 22 Jun 2009
Reality in Indonesia is still better than perception: FBAI head
The role of foreign business in Indonesia has come under the microscope once again, as presidential candidates debate the merits of a more nationalistic economic policy. This sentiment has been gathering as the country's economy is affected by the global downturn, which originating from the...
Mon, 22 Jun 2009
Indonesia's franchise industry burgeoning
While many industries are struggling to survive, franchises in Indonesia are surviving the test of times and have become a lucrative industry, generating close to Rp 50 trillion (US$4.96 billion) in sales annually.
Sun, 21 Jun 2009
Jalan Tengah Economy
Middle Path sometimes is considered equivocal, undecided, in doubt or deliberately deceptive. But Middle Path is also considered the wisdom of Confucius. As Mencius so aptly says, "Confucius did not go to the extremes." Anthony Giddens calls it "third way".
Sun, 21 Jun 2009
Transport Association Condemns Private Villa Transport
Transport Association Chief Says Unless Government Takes Action Against Illegal Tourist Transport His Members May Stop Renewing their Vehicle Permits.(6/20/2009) The Chief of the Tourism Transport Association (Pawiba), Bagus Soediana, told BisnisBali that he deeply regretted the growing fleet of...
Sun, 21 Jun 2009
Bali Braces for Higher Electricity Rates
New Electricity Regulations Will See People Paying More for Electricity in Java and Bali than in Other areas of Indonesia.(6/20/2009) Electricity rates for customers on the Indonesian islands of Java and Bali are likely to be higher than elsewhere in the Republic if current plans to introduce...
Sun, 21 Jun 2009
August may see implementation of new regulations
Alfian, The Jakarta Post, JAKARTA The Energy and Mineral Resources Ministry said Friday it expects to submit a draft on the implementing regulations of the new mining law for final approval from the president in August.
Sun, 21 Jun 2009
Beefing about Indonesia
Duncan GrahamIn the slightly less polluted suburbs of Jakarta and other big Indonesian cities, restaurants specialising in beef dishes are doing well, particularly those serving steaks from New Zealand and Australia.
Sat, 20 Jun 2009
Lombok Resort Still Facing Land and Share Disputes
Quoting: KuKuKaChuQuoting: JGLand speculation was also a problem, with Gusmin noting that 135 hectares allotted for the site were currently held by locals who refused to sell their land.how dare they not sell their land!Quoting: JGI Made Manda, BTDC’s president director, earlier said Emaar would...
Sat, 20 Jun 2009
In Dubai, Signs of Life Appear for Emaar Deal
A government official said late on Thursday that the planned $600 million tourism megaproject on Lombok Island may finally go forward, after a high-level meeting in the United Arab Emirates with the chairman of Dubai-based Emaar Properties.
Sat, 20 Jun 2009
Lombok Resort Still Facing Land and Share Disputes
Quoting: JGLand speculation was also a problem, with Gusmin noting that 135 hectares allotted for the site were currently held by locals who refused to sell their land.how dare they not sell their land!Quoting: JGI Made Manda, BTDC’s president director, earlier said Emaar would not break ground...
Sat, 20 Jun 2009
Lombok Resort Still Facing Land and Share Disputes
Despite the positive note sounded by government officials on Thursday that Emaar Properties’ Lombok project was still on track, two serious stumbling blocks remain: land acquisition and the ownership of the joint venture company.
Fri, 19 Jun 2009
Sink or Swim Time for Emaar Lombok Project
Quoting: Roy's HairGawdy resorts that'll be full of Ayrabs and hoes whilst the Sasaks are made to feel like second class citizens on their own island? 36 hole golf courses despoiling the environment, bowel shatteringly banal live entertainment and his and hers matching hotel monogrammed bath robes...
Fri, 19 Jun 2009
Investors await East Java's development plan for Madura
Investors from the property sector are waiting for East Java's development overview of Madura before investing their capital on the island, says an executive.The secretary of the East Java branch of the Indonesian Real Estate Association (REI) Muhammad Nur Wakhid said Thursday that a number of...
Fri, 19 Jun 2009
Coal forum to be held in Bali next week
Alfian Idrisahmad, The Jakarta Post, JakartaBali will host a forum on coal, involving coal producers, consumers and government representatives from Southeast Asia next week.The Indonesian Energy and Mineral Resources announced on its official website on Friday that a council meeting of the ASEAN...
Thu, 18 Jun 2009
Sink or Swim Time for Emaar Lombok Project
Gawdy resorts that'll be full of Ayrabs and hoes whilst the Sasaks are made to feel like second class citizens on their own island? 36 hole golf courses despoiling the environment and bowel shatteringly banal live entertainment. Yeah, let's all evolve.
Thu, 18 Jun 2009
Sink or Swim Time for Emaar Lombok Project
As a big fan of Lombok's south coast I hope the whole deal's been fatally holed beneath the waterline.
Thu, 18 Jun 2009
Government to Issue Rule Limiting Exports of Raw Rattan
Responding to protests of furniture and handicraft makers over a lack in supply, the government will soon issue a new regulation limiting rattan producers - except for in the two largest centers in the country - from exporting the commodity, Ardiansyah Parman, the Trade Ministry secretary general,...
Thu, 18 Jun 2009
Sink or Swim Time for Emaar Lombok Project
As the final deadline of Friday nears for agreement on a $600 million mega-tourism project on Lombok Island to be jointly developed by the government and Dubai-based Emaar Properties, government officials say it is now up to Emaar to push through with the development.
Wed, 17 Jun 2009
Retail market growing despite crisis
The Indonesian retail market is weathering the ongoing economic crisis, the latest Nielsen survey shows."Despite an increase in prices, consumers are still spending more money" Nielsen Company retail executive director Teguh Yunanto said on Tuesday.
Wed, 17 Jun 2009
Crude palm oil price increases: Fact or fiction?
Achmad Syafriel, Researcher Predicting commodity prices including for CPO is never an easy task. While data may show a certain trend in price propensity, actual materialization on pricing may be entirely different.
Wed, 17 Jun 2009
Sony Chemicals to close Batam plant
Run by electronics giant Sony, PT Sony Chemicals, which produces chemicals for electronic goods, will close its plant in Batam, Riau Islands, as of August 31 because of falling global demand.As a result of the closure, the company would lay off some 350 workers, Batam manpower agency chief Rudy...
Wed, 17 Jun 2009
Tax Revenue Down 3.01 Percent In May
Tuesday, 16 June, 2009 | 23:27 WIBTEMPO Interactive, Jakarta: Overall tax income down 3.01 percent in May 2009 from the same period last year, as a result of decreasing tax revenues from non oil and gas commodity and property, the Finance Ministry reported on Tuesday (16/6).
Wed, 17 Jun 2009
Managing the economy: Grasping the notion of `Neorealism'
Quoting: biznewsAs with any other country, Indonesia's economy cannot grow at higher speed and in a sustainable manner if the economy is not firing on all three cylinders. Well no wonder the economy's fucked, turns out it's one of those lameass Daihatsu Charades.
Tue, 16 Jun 2009
KADIN Again Urges Updated Negative Investment List
According to a senior official of the country’s most influential business association, a revised negative investment list is unlikely to be finalized by the current government, whose term expires in October, given that business leaders first would first have to be consulted.
Tue, 16 Jun 2009
Alam Sutra Delays Tangerang Mall for Lack of Tenants
Plagued by difficulty in securing commitments from anchor tenants, PT Alam Sutera Realty said on Monday that it would hold off until next year on the development of its Rp 500 billion ($49.5 million) mall, the linchpin of an integrated town and community centre in Tangerang.
Tue, 16 Jun 2009
Timber Exports Cut Down to Size in Q1
The nation’s downstream timber products industry has been hit hard by the global economic crisis, with export values plummeting 28 percent year on year to $559.7 million in the first quarter, the Central Statistics Agency reported on MondayThe export volume of lumber-based products and their...
Tue, 16 Jun 2009
Steel Producers Complain About Illegal Import Practises
Monday, 15 June, 2009 | 20:41 WIBTEMPO Interactive, Jakarta: The Indonesian Iron and Steel Industry Association has complained to Tempo about three common illegal import practices, during an interview last weekend with Irvan Kamal, vice chairman of the association.
Tue, 16 Jun 2009
Managing the economy: Grasping the notion of `Neorealism'
Any government that gets elected to office will eventually have to deal with the realities of today. Debates about neoliberalism are futile; the relevant issue is: "neorealism".Watching Indonesia's presidential campaigns can be entertaining.
Tue, 16 Jun 2009
Kadin Calls for More Protection
Monday, 15 June, 2009 | 20:58 WIBTEMPO Interactive, Jakarta: The Indonesian Chamber of Commerce (Kadin) has called for more protection for the domestic market to maintain the pace of the economic recovery, citing the importance of market availability.
Mon, 15 Jun 2009
Free trade zone in shackles
Trade Minister Mari Elka Pangestu admitted last week that the implementation of free trade zones on the three Indonesian islands near Singapore - Batam, Bintan and Karimun - is beset with administrative problems and that institutional capacity is inadequate.
Mon, 15 Jun 2009
Sweeping Raids Ahead for Bali's Illegal Villas?
I think sweeping raids are a great plan. Some of those villas could do with smartening up. To whom do I post a broom?
Mon, 15 Jun 2009
Sweeping Raids Ahead for Bali's Illegal Villas?
I guess you could say its a villa that is being rented out on a short terms basis (say under 1 year) and tax not being paid on the income.I know it will be hard but I have come across a lot of privately owned villas that are rented out to tourists.
Mon, 15 Jun 2009
Best Western Hotel Sapta Patala Closed Before it Opens
110-Room Kuta Hotel Ruled an Illegal Structure in Area Reserved for Single Family Residences.(6/13/2009) NusaBali and Bali Post both report that the 110-room Best Western Hotel Sapta Patala on Jalan Kubu Anyar in Kuta now faces a possibly insurmountable obstacle to its eventual opening.
Mon, 15 Jun 2009
Sweeping Raids Ahead for Bali's Illegal Villas?
Bali Villa Association Urges Government to Close Down Unregistered Commercial Villas.(6/13/2009) The Chief of the Bali Villa Association (BVA), Ismoyo S. Soemarlan, is calling on the government to undertake sweeping raids against illegal commercial villas in Bali and close all illegal villas down.
Mon, 15 Jun 2009
Indonesia plans to assess Newmont unit's value
Indonesia plans to appoint an independent appraiser to assess the value of the local unit of Newmont Mining Corp (NEM.N: Quote) in order to speed up a divestiture sale, the energy and mining minister said on Friday.
Sun, 14 Jun 2009
India`s TVS to expand Indonesian motorcycle factory
Jakarta (ANTARA News/Asia Pulse) - India's PT TVS Motor Company Indonesia said it will invest US$40 million this year to expand the capacity of its motorcycle plant in Indonesia.The additional investment will increase its total investment to US$90 million in its factory in Karawang, West Java,...
Sun, 14 Jun 2009
Seventy Chinese bizmen to join RI investment forum
Beijing (ANTARA News) - Some 70 Chinese businessmen from 30 companies have confirmed their participation in an Indonesian Investment Forum to be held in Beijing on June 17, 2009."At least 70 businessmen from 30 companies in China have expressed their confirmation of participation in the...