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Wed, 16 Jun 2010
Opening the Door to Foreigners
Ok, I found this PMA thingy, and I'm still confused with this dumb-dumb regulation. as you said earlier ku, you only can lease the property for about 25 yrs and then renew it? Using a PMA Company Although most foreigners have found the above arrangement to work satisfactory without any problems (as...
Wed, 16 Jun 2010
Opening the Door to Foreigners
Indonesia is one of the few countries that successfully escaped the pitfalls caused by the recent global financial crisis. As such, the country is increasingly gaining spotlight in the international stage as one of the new rising stars in Asia.
Wed, 16 Jun 2010
Tax Holiday Considered For Investors, but Bags Not Ready to Be Packed
The government is considering granting a “tax holiday” to some foreign and local investors, amounting to a temporary suspension of tax on certain forms of direct investment in a bid to reach the ambitious goal of attracting Rp 2,000 trillion ($218 billion) in investment per year over the next...
Tue, 15 Jun 2010
Starbucks to have 20 more outlets this year
Lifestyle product retailer and the owner of franchise rights of world’s famous food and beverage (F&B) chains PT Mitra Adiperkasa (MAP) will open 20 more Starbucks Coffee Company outlets this year to cope with the surging demand for better tasting coffee in the country.
Tue, 15 Jun 2010
Fiscal Incentive for New Enterprises Prepared
Hatta refused to say that the future incentive to be given is deemed tax holiday.VIVAnews - The Indonesian government has yet to approve tax holiday for newly-established enterprises. A special team is going in for the issue further.
Tue, 15 Jun 2010
Singapore Investors to build NTB Convention Centre
TEMPO Interactive, Mataram:The West Nusa Tenggara Government has chosen PT Indosinga Invetama as a partner to build an international standard meeting hall, The NTB Convention Centre.The investor from Singapore outbid several other candidates.The meeting hall is planned to have 74.
Tue, 15 Jun 2010
Govt to direct agricultural investment to downstream sector
Jakarta (ANTARA News) - The Agriculture Ministry and the Investment Coordinating Board (BKPM) have agreed to direct agricultural investment to the upstream sector or processing industry.Deputy Agriculture Minister Bayu Krisnamurthi said on Monday it was now very difficult to make large-scale...
Tue, 15 Jun 2010
Malaysian PM, N Sulawesi gov to discuss toll road investment
Kuala Lumpur (ANTARA News) - Malaysian Prime Minister Najib Tun Razak received North Sulawesi Governor Sarundajang at his parliamentary office Monday afternoon to discuss and support Malaysian investment in building the Manado - Bitung toll road, the Bitung port, tourism and fisheries.
Tue, 15 Jun 2010
Asian, Mideast countries to dominate investment in RI agriculture
Jakarta (ANTARA News) - Asian and Middle East countries are predicted to dominate investment in the agricultural sector in Indonesia in the future, Deputy Agriculture Minister Bayu Krisnamurthi said.The dominance of the US and European investors in the sector meanwhile is expected to decline, he...
Tue, 15 Jun 2010
Indian IT Firm Eyes Indonesian Market
Indian information technology services company HCL Technologies on Monday announced plans to set up a subsidiary company in Indonesia, saying it estimated the annual market in the country for its services was about $200 million.
Sun, 13 Jun 2010
Will Convenience Store Giant 7-Eleven Be Coming to a Jakarta Street Near You?
For a global symbol of convenience, the 7-Eleven brand takes some beating for its presence on seemingly every street corner or mall basement.Soon its orange, green and red storefronts will be as familiar in Indonesia as they have become in so many other Asian countries, if the local...
Sun, 13 Jun 2010
Indonesia sees rice crop up, seeks Gulf farm investment
* Looking to attract Gulf Arab investors to develop landJEDDAH, June 12 - Indonesia expects a 6 percent rise in its milled rice harvest this year, leading to a 2 million tonnes surplus, and aims to attract Gulf Arab investors to develop "sleeping land", Agriculture Minister Suswono said.
Sun, 13 Jun 2010
Reformasi in Trouble in Indonesia
Reformasi in Indonesia appears to be disappearing at a quickening pace. * Last week, the National Police said they won't investigate claims that companies owned by coal tycoon Aburizal Bakrie, the head of the Golkar Party, paid bribes to avoid taxes.
Sun, 13 Jun 2010
Bali's Blue Bird of Happiness Threatened with Extinction
From http://www.balidiscovery.com/messages/message.asp?Id=6083 Bali's Taxi War Turns ViolentBali Police Make Arrests as Some 20 Taxis of the Blue Bird Fleet Damaged in Rampage by PJWB Members.Bali police have taken a taxi driver, Made Budiartha, into custody for his participation in damaging 21...
Sat, 12 Jun 2010
Indonesia Records Highest PC Growth Worldwide
VIVAnews - The growth in computer distribution to Indonesia has increased in a considerable pace."Indonesia records the fastest growth in PC market worldwide in the 2010 fiscal year," said Microsoft Office Indonesia Group Head, Bonnie Mamanua, today.
Sat, 12 Jun 2010
Customs Regulations Obstruct Free Market
TEMPO Interactive, Jakarta:The Chairman of the Jakarta Branch of Indonesian Chamber of Commerce and Industry, Edy Kuntadi, said that some customs regulations obstruct free trade implementation.For example, import products letter of origins must be submitted at a maximum of three days after shipping.
Sat, 12 Jun 2010
Govt considering tax holiday to boost investment
Jakarta (ANTARA News) - The government is considering to give a tax holiday to lure investors, a minister said.Industry Minister MS Hidayat said here on Friday "I have talked with the finance minister and head of the Capital Investment Coordinating Board (BKPM) with regard to tax holiday.
Sat, 12 Jun 2010
World Bank provides PLN with us$750 million
Jakarta (ANTARA News) - The World Bank has approved a new investment of US$750 million for Indonesia to help increase the government`s and state power company PLN`s programs in the manpower and training sector, and regional administration investment programs.
Fri, 11 Jun 2010
IMF Puts Indonesian Growth at 6 Percent in 2010, 2011
The International Monetary Fund on Thursday forecast Indonesia’s economic growth will accelerate this year amid improving investment and said the central bank may need to adjust its monetary policy if price pressures rise.
Fri, 11 Jun 2010
Foreign Hospitals to Hold Foreign Currencies
TEMPO Interactive, Jakarta:The Coordinating Minister for the Economy, Hatta Rajasa, has said that the government’s plan to let foreign investors build hospitals in Indonesia is to prevent the foreign exchange of currencies abroad.
Fri, 11 Jun 2010
Kerinci district to build geothermal power plant
Jambi (ANTARA News) - The Kerinci district government plans to build a geothermal power plant with a capacity of 2x55 megawatts to meet rising power needs in Jambi province."Jambi province will need 275 MW of electrical power in the next five years, almost a two-fold increase from the current...
Fri, 11 Jun 2010
President: Creative economy brings in two advantages
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said that creative economy could bring in two advantages at the same time, namely pro-people economic growth and reinforcement of cultural identity which would enrich concrete national identity.
Thu, 10 Jun 2010
Indonesia Opens Wider to Foreign Investment
JAKARTA - Indonesia has raised the foreign ownership limit on certain sectors, such as agriculture and health care, in a bid to lure investments, according to a presidential decree.The decree said the government will allow foreigners to hold up to a 49% stake in individual companies in the staple...
Thu, 10 Jun 2010
Top Investors to Relocate Factories to RI
Indonesia may become the major production base of athlete's shoes worldwide.VIVAnews - Chief of the Capital Investment Coordinating Agency (BKPM) Gita Wirjawan said a number of foreign companies will move their production base to Indonesia.
Thu, 10 Jun 2010
RI, Mozambique to step up trade, investment cooperation
Jakarta (ANTARA News) - Indonesia and Mozambique plan to increase cooperation in trade and investment, and in the process help each other expand economic ties in the regions they each belong to."We wish to make Mozambique an access gate to tap the trade and investment potentials of South...
Thu, 10 Jun 2010
Malaysian company to produce seaweed in Banyuwangi
Banyuwangi, East Java (ANTARA News) - Malaysian food producing company PT Adabi became interested in producing seaweed being cultivated by fishermen in Wongsorejo aubdistrict, Banyuwangi regency, E Java.
Thu, 10 Jun 2010
Lines of business closed to investment
Jakarta (ANTARA News) - The government has declared certain lines of business closed to investment under Presidential Ruling No 36 of 2010 as of May 25, 2010, Chief Economic Minister Hatta Rajasa said here on Wednesday.
Thu, 10 Jun 2010
Indonesia`s worker competitiveness ranks 35th in world
Surabaya, West Java (ANTARA News) - The competitiveness of Indonesian workers ranked the 35th among 58 countries surveyed by International Management Development (IMD) in 2010."Indonesia`s ranking was still below Singapore, Malaysia, and Thailand," Manpower and Transmigration Minister...
Thu, 10 Jun 2010
A Warmer Welcome To Foreign Investors
In a bid to attract more foreign investment, the government announced on Wednesday that it has opened the door to a range of sectors a little bit wider.Coordinating Minister for the Economy Hatta Rajasa said the president had signed a decree revising the negative investment list (DNI), easing...
Wed, 09 Jun 2010
Forty investors to develop sugarcane plantations
Jakarta (ANTARA News) - Forty investors have expressed keen interest in developing sugarcane plantations to help the country achieve self sufficiency in sugar by 2014, a spokesman said.The investors had secured permits to plant sugar cane on 12 thousand to 40 thousand hectares of land in Java,...
Wed, 09 Jun 2010
Tax: Indonesia ranked as implementing international information standards
Jakarta (ANTARA News) - Indonesia is now ranked in the category of jurisdictions that have substantially implemented internationally agreed tax standards, according to the Organization of Economic Cooperation and Development (OECD)`s report received by ANTARA here Wednesday.
Wed, 09 Jun 2010
Indonesia imports surge signals industrial sector is in recovery
JAKARTA -- Indonesia's trade figures for the first four months of this year show manufacturing companies were absorbing more imported raw materials and capital goods to support their growing production volume.Imports of raw materials in the January-April period reached US$30.17 billion, up by 64.
Wed, 09 Jun 2010
No bling in Bali: Bvlgari keeps it subtle
Rather than obviously branding the rooms, Bvlgari has simply made sure that everything spells out the brand's core values of beauty and luxury in its Bali hotelThe people carrier bounced me along the muddy Balinese road, passing a small black sign, so low on the ground that it might easily go...
Wed, 09 Jun 2010
RI provinces woo China's big investors
Three Indonesian provincial administrations met with China's construction and electrical firms in Shanghai on Tuesday, showcasing billions of dollars worth of projects aimed to solve the bottlenecking of economic growth in the Southeast Asian country.
Wed, 09 Jun 2010
Indonesia allows foreign investment in agriculture
JAKARTA June 7 (Reuters) - Indonesian will open up the agricultural sector to foreign investment and raise the level of foreign investment allowed in sectors including healthcare and transport, according to a presidential decree seen by Reuters on Monday.
Wed, 09 Jun 2010
Ornamental Fish to Become Banyuwangi’s Premium Export Commodity
TEMPO Interactive, Banyuwangi:Banyuwangi’s export commodities still rely on fish and sea products.The biggest export commodity is ornamental fish, prawn and conserved fish, sardines.Last year, ornamental fish exports were ranked in first place with a value of Rp2.8 billion.
Wed, 09 Jun 2010
Indonesia hopes for increasing Singaporean investment
Indonesia hopes that Singaporean investment could increase about 10 percent in the future following better knowledge of practice and procedure about arbitration in the country, an official told Xinhua in a recent interview.
Tue, 08 Jun 2010
SBY Decree to Relax Investment Limits
President Susilo Bambang Yudhoyono will sign a decree this week easing restrictions on foreign investment in 40 sectors of the domestic economy, Investment Coordinating Board Chairman Gita Wirjawan announced on Monday.
Mon, 07 Jun 2010
Kadin eyeing US$5 billion in Singaporean investment
Jakarta (ANTARA News) - The Indonesian Chamber of Commerce and Industry (KADIN) intends to attract five billion US dollar in investment from Singapore this year."We have targeted the Singaporean investments will grow 10-15 percent from 4.340,96 billion last year," Iwan D.
Mon, 07 Jun 2010
West Java Traditional Vendors Complain over Expanding Chain
TEMPO Interactive, Jakarta: Small and traditional vendors in West Java have challenged huge chain retailers in Bandung by pressing the regional government to regulate the operation of modern retailers to protect small businesses.
Mon, 07 Jun 2010
Property in Bali: It's Déjà Vu All Over Again
Property Developers Suffer a Setback in Efforts to Allow Foreigners to Own Land in Bali and the Rest of Indonesia.Both the New York Times and Jakarta Globe have stories announcing that the hopes of real estate developers for a significant liberalization of rules for foreign property ownership in...
Mon, 07 Jun 2010
Indonesia to Ease Investment Limits This Week, Wirjawan Says
June 7 (Bloomberg) -- Indonesia President Susilo Bambang Yudhoyono will this week sign a decree easing restrictions on foreign investment, said Gita Wirjawan, chairman of the country’s investment coordinating board.
Mon, 07 Jun 2010
Indonesia Export Growth May Beat Goal, Pangestu Says
June 7 (Bloomberg) -- Indonesia is “optimistic” the country can achieve or exceed export growth of 7 percent to 8.5 percent this year, even as Europe’s debt crisis threatens demand for the region’s goods, Trade Minister Mari Pangestu said today.
Mon, 07 Jun 2010
Lawmakers Support Revision for Inco South Sulawesi Mining Contract
TEMPO Interactive, Jakarta: Regional representatives (senate) supported the regional administration of South Sulawesi to evaluate mining contract of Brazilian Vale-Inco unit in the province in a meeting between the representatives and regional administration in the provincial seat of Makassar...
Mon, 07 Jun 2010
Indonesia overtakes RP in seaweed farming
Indonesia has overtaken the Philippines in seaweed production."We are not just threatened by Indonesia they have already overtaken us," according to Dr. Danilo B. Largo, director, Office of Research of University of San Carlos in Cebu City .
Mon, 07 Jun 2010
Is “Remarkable Indonesia” the New “Incredible India” for Investors?
I’ve written several posts about the innovation, entrepreneurship and promising Web audience I’ve found over several weeks of reporting in Indonesia. As such, friends in the venture capital business are peppering my inbox asking round-about-questions that all go back to the same central query:...
Sun, 06 Jun 2010
RI drops 6 spots in WEF's 2010 Enabling Trade Index
Indonesia's rank in the latest Enabling Trade Index (ETI) published by the World Economic Forum dropped six notches to 68th place from last year due to security issues and inability to improve supporting infrastructure.
Sat, 05 Jun 2010
Wealth of resources, young population make Indonesia a strong bet
Europe's debt woes have had a limited impact on the domestic economy, the central bank said, as it kept benchmark interest rates unchanged at 6.5% for a tenth monthJakarta: Indonesia has a "good" outlook due to its resources and large population, putting the nation in a favourable...
Sat, 05 Jun 2010
Minister asks Australia to tighten cow export supervision
Jakarta (ANTARA News) - Agriculture Minister Suswono said he had asked the Australian government to tighten its supervision over cow exports to Indonesia to avoid transactions in violation of Indonesian import regulations.
Sat, 05 Jun 2010
Indonesia property market: Opportunity in global crisis?
Since the beginning of the year, interest from foreign investors to Indonesia has been seen strengthening. Rising optimism and growing investor confidence helped support the tremendous growth in the domestic stock market over the past several months, leading the Indonesian Stock Exchange (ISX) to...