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Wed, 11 Jun 2008
Facing Indonesia's Problems Clearly
Indonesia has changed in the past decade and so must our attitudes, according to Andrew MacIntyre from the ANU and Douglas Ramage from the Asia Foundation writing in The Age (27 May). Duncan Graham has a different...
Wed, 11 Jun 2008
Jakarta lags in living quality and safety
The Jakarta Post, Jakarta Jakarta trails Singapore, Kuala Lumpur, Bangkok and Manila in terms of the quality of living, but is ahead of Ho Chi Minh City and Hanoi, a survey of 215 cities worldwide revealed Monday.
Wed, 11 Jun 2008
Indonesian economy still performing well
Jakarta (ANTARA News) - Despite a persistent steep rise in global crude oil and food prices, the Indonesian economy is still performing better than the rest of the world, an economist said."The Indonesian government can actually manage the good condition by means of financial policies.
Wed, 11 Jun 2008
Govt preparing policy on investment in food sector
Jakarta (ANTARA News) - The government is preparing the adoption of a special policy on investments in the food sector to boost production of such important staples as rice, corn, soybean and cassava, a senior economic official said.
Tue, 10 Jun 2008
House proposes across-the-board tax cuts
Aditya Suharmoko, The Jakarta Post, Jakarta A House of Representatives committee is proposing a cut in income tax for both businesses and individuals to help stimulate the economy amid record crude oil prices and a global economic slowdown.
Tue, 10 Jun 2008
Indonesia Threatened by Potable Water Network Crisis
Monday, 09 June, 2008 | 15:28 WIBTEMPO Interactive, Jakarta: Indonesia is facing the threat of a potable water network backlog for up to nine million people in 2009.Budi Yuwono, Director General of Housing, Building, Planning and Urban Development at the Public Works Department, said that regional...
Tue, 10 Jun 2008
Vocational Schools to Produce Computers
Monday, 09 June, 2008 | 15:33 WIBTEMPO Interactive, Jakarta: The Education Department in cooperation with the Zyrex Computer Company will develop a computer assembling industry through vocational schools.It is targeted to have 200 computer assembling workshops in schools throughout Indonesia.
Tue, 10 Jun 2008
Indonesia set to become exporter of corn
Indonesia is optimistic it could become an exporter of corn after recording a steady increase in production in the past five years, an official said, Asia Pulse reported Friday.The country's corn production has increased by 10-15% annually in the past five years, Agriculture Minister Anton...
Tue, 10 Jun 2008
Thaksin interested in Indonesia investment
Thaksin Shinawatra, Thailand’s former prime minister, is interested to invest in Indonesia because of its growth and political stability, presidential spokesman Dino Patti Djalal said Wednesday, Antara reported."Thaksin was impressed with the growth of Indonesian economy," he said.
Tue, 10 Jun 2008
Foreign investors to build biofuel plant
Foreign investors from the United States, Australia and South Korea have expressed interest in building a biofuel plant with a capacity of two million kiloliters worth $500 million in Gorontalo province, Gorontalo Governor Fadel Muhammad said, Asia Pulse reported Tuesday.
Tue, 10 Jun 2008
IMF maintains growth forecast
The International Monetary Fund is maintaining its growth forecasts for Indonesia, saying that steady exports and investment will support the momentum of growth, Milan Zavadjil, assistant director in the Asia and Pacific department, told Reuters in an interview.
Mon, 09 Jun 2008
Kadin, Amcham say U.S. travel ban removal good for business
A number of organizations in the country have come out in support of the United States' decision to lift its travel warning for Indonesia, and hope the policy reversal will benefit trade between the countries.
Mon, 09 Jun 2008
RI's tire exports to Egypt may grow 15%
Egypt's decision to drop dumping allegations against Indonesia could result in a 15 percent increase in Indonesian tire exports to Egypt, an ambassador said.With the removal of the main trade barrier, there would be greater room for Indonesia to increase its tire exports to Egypt, Indonesian...
Mon, 09 Jun 2008
RI firms' position in Asia
Asian companies are quickly becoming global players. The UNCTAD recently compiled a list of the hundred largest multinationals from developing economies, and firms from most of the larger Southeast Asian nations were represented, including Malaysia, Thailand, Singapore and the Philippines -- but...
Mon, 09 Jun 2008
ST Telemedia move on Indosat stake `an insult` to RI legal system - KPPU
Jakarta (ANTARA News) - Singapore Technologies Telemedia's (ST Telemedia) decision to sell its entire stake in PT Indosat Tbk, Indonesia's second-largest mobile phone company, to partner Qatar Telecom is "an insult" to the legal system here, an official of the country's anti-trust body said on...
Mon, 09 Jun 2008
WB ready to hold dialogs on Jakarta monorail project
Jakarta (ANTARA News) - The World Bank said still had no plan to finance the Jakarta monorail project because it was not included in its priority projects but it was ready to hold dialogs on the possibility of providing financial assistance.
Mon, 09 Jun 2008
Indonesia to open trade promotion centers in 11 cities abroad
Jakarta (ANTARA News) - Indonesia will open trade promotion centers (ITPC) for export products in eleven cities in the world in 2008 to strenghten penetration to foreign markets."We have just received a permit to process another eleven.
Mon, 09 Jun 2008
Agriculture minister offers opportunities to invest in agribusiness
Jakarta, (ANTARA News) - The Agriculture Ministry had offered investment opportunities in the agribusiness sector in Indonesia to foreign participants at the Food Resilience Summit in Rome, Italy, sometime ago.
Sun, 08 Jun 2008
RI, India to finalize talks on economic cooperation accord in August
Jakarta (ANTARA News) - Indonesia and India are expected to finalize talks for conclusion of a comprehensive economic cooperation agreement in August, an envoy said."It is being drafted. We hope in one month`s time there will be a meeting to that effect.
Sun, 08 Jun 2008
Wood certification ups market access
Hyginus Hardoyo, The Jakarta Post, Jakarta Indonesian wooden furniture producers verified under third-party sustainable forest or legal logging licenses are guaranteed better access to the international market, a discussion revealed Wednesday.
Sun, 08 Jun 2008
Govt`s tax receipts up 47.63 percent
Jakarta (ANTARA News) - Taxation Director General Darmin Nasution said the government`s tax receipts in the first five months of 2008 increased 47.63 percent to Rp217.3 trillion from Rp147.2 trillion in the same period a year earlier.
Sun, 08 Jun 2008
Indonesian govt to launch 2nd crash program to generate power
Jakarta (ANTARA News/Asia Pulse) - The Indonesian government plans to launch another crash program to build power plants with a total investment of Rp100 trillion (US$11 billion) after the completion of the first program.
Sun, 08 Jun 2008
Property developer BSD eyes Rp 1.5t sales
JAKARTA: PT Bumi Serpong Damai (BSD), developer of the popular satellite city complex southwest of Jakarta, expects to seal Rp 1.5 trillion (US$163 million) in sales revenue this year on the back of stronger property demand.
Sun, 08 Jun 2008
Chevron, Medco to tap RI geothermal potential
Seventeen companies, including U.S. oil giant Chevron and the nation's second largest oil producer Medco Energi Internasional, have tabled bids to develop geothermal projects in West Java, an official says.
Sun, 08 Jun 2008
Non-performing Loans Reach 50 percent
Friday, 06 June, 2008 | 14:29 WIBTEMPO Interactive, Jakarta: The head of the Industrial-Trading & Cooperating Agency (Disperindagkop) for Banyuwangi, I Nyoman Wirayatsa, said non-performing loans of small-to medium- sized firms and enterprises reached an average of 50 percent in 2003 to 2008.
Fri, 06 Jun 2008
RI to record highest economic growth in Asia by 2011, says chief minister
Bandarlampung (ANTARA News) - People`s Welfare Coordinating Minister Aburizal Bakrie said the highest economic growth in Asia in 2011 may prevail in Indonesia."In his meeting with Vice President Yusuf Kalla, Bakrie said Indonesia may reach the highest economic growth in Asia in 2011 by implementing...
Thu, 05 Jun 2008
Entrepreneurs Raise Food and Transport Allowances
This policy was advised in order to maintain stable relationships between companies and their employees.“This is so that employees do not need to ask for salary rises which would place a burden on companies,” he said.
Thu, 05 Jun 2008
Ecotourism is the way to go for Bali, activists say
Dicky Christanto, The Jakarta Post, DenpasarEnvironmental activists have urged the Balinese to abandon the island's prevailing mass tourism scheme and embrace ecotourism, believed to be the only way to generate profits without damaging the environment.
Thu, 05 Jun 2008
Govt to shield creative industry with copyrights
Novia D. Rulistia, The Jakarta Post, Jakarta The government plans to provide a framework for the protection of copyrights and financial assistance to help encourage creative businesses, a minister Wednesday said.
Thu, 05 Jun 2008
Govt planning second 10,000-MW series of power plants
Jakarta (ANTARA News) - The government is drawing up a program to build a second series of power plants with a combined capacity of 10,000 MW across the country to keep up with the mounting public need for electricity, a minister said.
Thu, 05 Jun 2008
Exports, investments remain key driving force for 2008 economic growth
Jakarta, (ANTARA News) - Exports and investments will remain the key driving force of Indonesia`s economic growth this year, a National Development Planning Agency (Bappenas) official said."Thus, it is important to maintain the community`s and business world`s confidence in the national economy.
Thu, 05 Jun 2008
Jakarta and environs will have 15,000 new businessmen
Jakarta, (ANTARA News) - Cooperatives, Small and Medium Entrepreneurs Ministry has projected 15,000 new businessmen in the Jakarta and environs including Depok, Bogor, Tangerang and Bekasi this year."We will develop a national entrepreneurs movement program (Getuknas) for high school and university...
Thu, 05 Jun 2008
Entrepreneurs Raise Food and Transport Allowances
Wednesday, 04 June, 2008 | 14:36 WIBTEMPO Interactive, Jakarta: The Indonesian Employers Association (Apindo) has stated that entrepreneurs have eventually followed the government's suggestion about helping reduce the burden on employees after the fuel price rises by increasing their meal and...
Wed, 04 Jun 2008
Waterlogged Jakarta
Poor infrastructure and lack of planning mean Indonesia’s capital will likely be under water again this weekIt was the ultimate traffic-jam solution. Tidal floods early this year had blocked the road to Jakarta’s airport, turning an hour-long journey into the day trip from hell.
Wed, 04 Jun 2008
Oil and gas investment to rise, but risks remain
The Jakarta Post , JakartaDespite a trend of investment growth in the oil and gas sector helped by rising prices of the commodities, Indonesia is still in danger of a sudden capital outflow, a survey says.
Wed, 04 Jun 2008
Lower CPO prices help push down exports
Total exports in April dropped by 7.78 percent from the previous month, due to a combination of declining crude oil and gas exports and lower crude palm oil prices, the Central Statistics Agency (BPS) said Monday.
Wed, 04 Jun 2008
For foreign investors, copyright is not a joke
Achmad Zen Umar Purba, JakartaThis is certainly not a joke -- unless data provided by the World Bank (WB) in Doing Business 2008 is incorrect.In the book, the WB ranked Indonesia 123 of 178 countries in terms of doing business.We are far behind Singapore, which ranked number 1. But this isn't news.
Wed, 04 Jun 2008
RI should not become flooded by smuggled goods: minister
Jakarta (ANTARA News) - Minister for Cooperatives and Small-and-Medium Scale Enterprises Suryadharma Ali said that all parties should try to prevent Indonesia from being flooded by smuggled goods as it would harm the interest of small-and medium-sized businesses.
Wed, 04 Jun 2008
Domestic demand for textiles falls 27 Pct
Jakarta, (ANTARA News) - Domestic demand for textiles and garments fell 27 percent in the first quarter of 2008 due to high inflation resulting in a decline in the people`s purchasing power, an executive said.
Tue, 03 Jun 2008
BA to improve coal transport systems
The Jakarta Post, Jakarta Having received approval during a shareholders meeting Thursday night, publicly listed state coal mining company PT Tambang Batubara is set to begin upgrading its coal transportation systems.
Tue, 03 Jun 2008
Lower CPO prices help push down exports
Total exports in April dropped by 7.78 percent from the previous month, due to a combination of declining crude oil and gas exports and lower crude palm oil prices, the Central Statistics Agency (BPS) said Monday.
Tue, 03 Jun 2008
Indonesia`s Lippo and Niaga banks merge
Jakarta (ANTARA News/afp) - Indonesia's Lippo and Niaga banks, majority owned by the Malaysian government, merged Monday to meet Jakarta's competition rules and create the country's fifth largest lender, a spokesman said.
Tue, 03 Jun 2008
Minister upbeat 2008 touriust arrival target to be achieved
Padang (ANTARA News) - Culture and Tourism Minister Jero Wacik has expressed optimism the target of the Visit Indonesia Year (VIY ) 2008 program to attract seven million foreign tourists will be achieved.