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Thu, 31 Jul 2008
Indonesia’s Retail Corruption
Counter-corruption commission highlights local flavor of widespread graftEver since Susilo Bambang Yudhoyono was elected president of Indonesia in 2004 on a pledge to root out corruption, the country has been waiting for him to do it.
Wed, 30 Jul 2008
Local firms invited to invest in Indonesia
LOCAL companies are urged to invest in Indonesia in a bid to boost investment cooperation between Brunei and Indonesia.Indonesian Ambassador to Brunei Darussalam, Herijanto Soeprapto, told the local business community during the Jakarta Business Forum, yesterday that "the experience of...
Tue, 29 Jul 2008
Govt. to cut income tax, dividend tax rates next year
Originally Posted By: KuKuKaChuas a general policy, better not to believe anything in indonesia until you see it.and even then, remain skeptical. Things will be better once they ratify that bill concerning stopping all of the corruption...........
Tue, 29 Jul 2008
Govt. to cut income tax, dividend tax rates next year
"The new rates, effective next year, are pending approval by a plenary session of the nation's parliament."Maybe I peaked to soon thinking it was a done deal ... anybody have any information on when this is scheduled?
Tue, 29 Jul 2008
State-owned pawnshop set to chalk up $70M in net profit
State-owned pawnshop Perum Pegadaian said it is optimistic to chalk up around Rp650 billion ($70 million) in net profit this year, Asia Pulse reported.Pawnshop service is more popular and higher in demand at present under difficult economic condition, its president Chandra Purnama said, without...
Tue, 29 Jul 2008
Papua: 1.63M hectares for food crops & biofuel
The government said it has set aside 1.63 million hectares of land in southern Papua for food crops and plants to produce feedstock for biofuel industry, Asia Pulse reported.The government will give priority to local investors to develop the plantations and invite foreign investors to invest in the...
Tue, 29 Jul 2008
Govt. to cut income tax, dividend tax rates next year
The government plans to cut the maximum taxation rates for personal and corporate income and reduce charges on dividend revenue, the chief tax official said, quoted by Dow Jones.The government and a parliamentary commission last week approved a cut in the maximum tax rate on personal income to 30%...
Tue, 29 Jul 2008
Dutch investment in Batam now over $15M
The investment of 13 Dutch companies in the province of Batam has reached $15.171 million, Asia Pulse reported.Their investment is in electronic components, information technology and telecommunications, heavy equipment maintenance, ship instruments and equipment, and the metal industry, Batam...
Tue, 29 Jul 2008
Indonesia Reforms its Tax Structure
[size:14pt]Indonesia Reforms its Tax StructureJakarta hopes to gain revenue and investment by cutting tax brackets, increasing collectionsIf all goes well, at the first of 2009 Indonesia will engineer a radical redesign of its tax structure, instituting election-year tax sweeteners, slashing income...
Tue, 29 Jul 2008
HSBC targets SMEs for credit products
JAKARTA: HSBC Indonesia has launched an import credit facility for mostly small and medium enterprises.Senior vice president for trade and supply chain Vincent C. Sugianto said Express DC was available with a cash collateral of between 25 percent to 35 percent, and a maximum credit line of...
Mon, 28 Jul 2008
Japan wants to increase investment in Indonesia
Jakarta (ANTARA News) - Japan intends to step up the value of its investment in Indonesia, Japanese Parliamentary League chairman Taku Yamasaki told President Susilo Bambang Yudhoyono at the presidential office here on Friday.
Mon, 28 Jul 2008
Government to propose 200 pct increase to luxury goods tax
Jakarta (ANTARA News) - The government is proposing to the House of Representatives (DPR) a 200 percent in increase in maximum luxury good sales` tax (PPnBM), or a drastic increase from the current PPnBM at 75 percent, according to a government`s draft proposal on increase in value added tax (PPN)...
Mon, 28 Jul 2008
Govt to streamline regional taxation
The central government and the House of Representatives are amending the 2000 Law on Regional Tax and Retribution in an effort to prevent regions from enacting selfish bylaws.The amendment is aimed at encouraging investment in cities and regencies that have in the past enacted bylaws designed to...
Mon, 28 Jul 2008
Tax rate cut, a 'friendly' policy
A proposed amendment of the income tax law by the Susilo Bambang Yudhoyono government would cut the corporate income tax rate to a flat rate of 25 percent from between 10 and 30 percent at present.Discussions about lowering taxes on businesses invite several objections.
Sun, 27 Jul 2008
Businesses to brief KPK on high cost of building
Ballooning costs are leading to delays in public construction projects, but government officials are hesitant to renegotiate budgets for fear of being accused of corruption, the Indonesian Chamber of Commerce and Industry (Kadin) has found.
Sat, 26 Jul 2008
H1 orders for office space up 280%: Provis
Despite a decline in the second quarter, the net take up for office space in Jakarta's central business district throughout the first semester reached 196,000 square meters, or a 280 percent jump from a year earlier, a property survey shows.
Sat, 26 Jul 2008
RI needs more liberalization: OECD
Indonesia must raise ownership ceilings for foreign investment and liberalize state-owned monopolies to resolve infrastructure bottlenecks, the Organization for Economic Cooperation and Development (OECD) has said.
Sat, 26 Jul 2008
Indonesia: Progressing, But not Fast Enough
Lisa Murray 25 July 2008The OECD says Indonesia has to try harder despite 5.5 percent growthAsked about his view of the Indonesian economy, Angel Gurria, the head of the Organization for Economic Co-operation and Development, harks back to an old Avis rental car ad campaign.
Sat, 26 Jul 2008
Expensive Jakarta
Friday, 25 July, 2008 | 17:19 WIBTEMPO Interactive, Jakarta:The survey was conducted by Mercer Human Resource Consulting, an international consultant company that regularly organizes a yearly survey on the living costs in 143 major cities on six continents in the world.
Fri, 25 Jul 2008
Income tax overhaul offers rate cuts and business incentives
Aditya Suharmoko, The Jakarta Post, JakartaThe government and the House of Representatives last week finalized an amendment to the income tax law, which, when enacted next month, will cut taxes and offer incentives to businesses.
Fri, 25 Jul 2008
Samsung Group to develop biodiesel in Indonesia
The Jakarta Post, JakartaSamsung Group, South Korea's largest company, plans to develop a 25,000-hectare oil palm plantation and a biodiesel refinery in Riau province with an investment of up to Rp 15 trillion (US$1.63 billion).
Fri, 25 Jul 2008
Errant taxpayers to face fines, jail
Aditya Suharmoko, The Jakarta Post, JakartaIn a bid to amend the country's drastic ratio of registered tax payers to eligible tax payers, the tax office will impose fines and prison sentences upon those who fail to apply for tax identification numbers (NPWP) by the end of the year.
Fri, 25 Jul 2008
Govt recommended 2,000 bylaws to be canceled
The central government has recommended the cancellation of about 2,000 regional bylaws on tax and retribution, in an attempt to simplify the management of local economy and to create aconducive investment climate, says the finance minister.
Fri, 25 Jul 2008
Tea export to rise by 8 percent this year
Indonesia's tea exports may increase 8 percent this year on the back of stronger demand, an industry player says.The national tea council chairman Abdul Halik said Tuesday tea shipments this year may increase to 102,600 tons of green and black tea from 95,000 tons shipped out last year.
Fri, 25 Jul 2008
Regional autonomy: Which administrations govern best?
Which local governments govern best? That is the central question addressed by the Local Economic Governance report launched Tuesday by KPPOD (Regional Autonomy Watch) and The Asia Foundation.The report ranks 243 districts across Indonesia on the quality of their local economic governance based on...
Fri, 25 Jul 2008
RI needs better business climate, labour inputs for growth - OECD
Paris (ANTARA News) - Indonesia needs to improve the business environment and make better use of labour inputs to put the economy on a higher growth trajectory, the Organisation of Economic Cooperation and Development (OECD) said.
Fri, 25 Jul 2008
RI`s exports expected to fall short of target over global slowdown
Jakarta, (ANTARA News) - Indonesia`s non-oil/non-gas exports are expected to grow 8.98 percent this year, falling short of the target of 13.5 percent due to low demand in export destination countries such as the United States, Europe and Japan, an economist said.
Fri, 25 Jul 2008
Govt urged to ban foreign investment in rubber processing industry
Jakarta, (ANTARA News) - The Union of Indonesian Rubber Companies (Gapkindo) is asking the government to ban foreign investment in the rubber processing industry in the country, a spokesman said."There is no reason to allow foreign investment in the rubber processing industry because the...
Thu, 24 Jul 2008
Lights Out in Indonesia
Jakarta leads the region in desperation over power shortagesAfter years of chronic underinvestment in energy infrastructure, Indonesia is heading the list of Asian countries struggling to keep its lights on.
Thu, 24 Jul 2008
China and India Look For Coal in Indonesia
Hello friends,Yes, India is moving towards indonesia for Coal. Am a good friend of Indonesian Vice President and Mr.Jeffrey. Alreadyi made some deals happen between both countries. If any onelooking for mineral related business feel free to email meindoglobaltouch@gmail.com.
Tue, 22 Jul 2008
ANZ to expand presence in Indonesia; eyes organic growth
PT ANZ Panin Bank, a unit of Australia & New Zealand Banking Group, plans to expand in Indonesia and Asia as a fundamental part of its growth strategy, executives said, Dow Jones reported. Indonesia is a high priority in ANZ's push to become a super-regional bank and generate 20% of its revenue...
Tue, 22 Jul 2008
Indonesian ships increase domination of domestic cargo transport
Indonesian ships are strengthening their domination of domestic cargo transport carrying 148.7 million tons or 65.3% of the total domestic cargoes in 2007, an official said, Asia Pulse reported.In 2004, ships flying the Indonesian flag carried only 54% or 101.
Tue, 22 Jul 2008
Govt. prepares weekend industry schedule
The government will introduce regulations requiring industries to work a maximum of two days per month at weekends in order to spread peak power loads, Energy and Resources Minister Purnomo Yusgiantoro and Industry Minister Fahmi Idris said Friday, Kompas reported.
Tue, 22 Jul 2008
Investors required to use more efficient machines by 2009
The Industry Ministry said it will issue a regulation requiring new investors in manufacturing industry to use new machines starting 2009 to be more energy efficient, Asia Pulse reported.Metal, Machines, Textile and Multifarious Industries Director General Ansari Bukhari said the use of new...
Tue, 22 Jul 2008
Four Japan investors eye Batam-Bintan-Karimun FTZ
Four Japanese investors have expressed interest in investing in the Batam-Bintan-Karimun (BBK) free trade zone, a minister said, Asia Pulse reported."Four companies are interested in investing in Batam or Bintan, and there will be a business mission from Japan to visit the BBK region in...
Tue, 22 Jul 2008
First semester investment grows 56.2%
Realized direct investment in Indonesia grew 56.2% in the year's first half compared to the same period last year, with robust foreign investments offsetting a domestic decline, the Investment Coordinating Board (BKPM) said, quoted by The Jakarta Post.
Tue, 22 Jul 2008
Income tax on small businesses slashed by 50%
The House of Representatives and the government have agreed to reduce income taxes by 50% of normal tariffs for micro, small and medium businesses which have legal entities, Antara reported.The reduced income tax tariff was given to taxpayers with a business turnover of Rp4.
Tue, 22 Jul 2008
Foreign investor confidence grows stronger amid spiking inflation
Data released by Bank Indonesia shows that foreign participation in local financial markets through Bank Indonesia Certificate (SBI) in June increased more than two times to Rp33.6 trillion from Rp16.6 trillion in May.
Tue, 22 Jul 2008
Income tax overhaul offers rate cuts and business incentives
Aditya Suharmoko, The Jakarta Post, JakartaThe government and the House of Representatives last week finalized an amendment to the income tax law, which, when enacted next month, will cut taxes and offer incentives to businesses.
Tue, 22 Jul 2008
Indonesia invites Saudi firms for show Ghazanfar
Ghazanfar Ali Khan | Arab News RIYADH: Saudi Arabia and Indonesia are all set to enter into a new vision of commercial relation with two-way trade showing 70 percent increase during the first two months of the current year.
Tue, 22 Jul 2008
Bribery a mainstay for local businesses
Ten years into the reform movement, many businesses in the country are still engaging in corruption to ensure their financial success.Money for bribes remains a variable in a company's production costs, spent to ensure safe and timely delivery of goods, obtain business permits or win government...
Tue, 22 Jul 2008
Anger grows over Indonesia’s power crisis
Published: July 16 2008 16:08 | Last updated: July 16 2008 16:08Companies operating in Indonesia have criticised the government over power cuts and Jakarta’s attempts to deal with them, including an edict forcing factories to move production to weekends from next week.
Tue, 22 Jul 2008
Regional Autonomy: Riau Islands province plans more autonomous regions
The House of Representatives on June 24 approved a draft law on the formation of 12 new regencies in the country, including Anambas in Riau Islands province.The formation of new autonomous regions is part of Riau Islands' strategy to enhance balanced development and provide improved public services.
Tue, 22 Jul 2008
Government to Launch One-Million Cow Program
Monday, 21 July, 2008 | 18:27 WIBTEMPO Interactive, Gorontalo:“At the moment, Indonesia imports 400.000 cattle and beef equivalent to 200.000 cattle. We still need an additional 600.000 cattle for the program,” said Vice-President Jusuf Kalla, following the launching of integrated and...
Tue, 22 Jul 2008
Electrical tariff hike will not apply to all industries
Jakarta (ANTARA News) - State electricity company PT Perusahaan Listrik Negara (PLN) said on Monday its planned electrical tariff hike will not apply to all industries.The tariff hike will only apply to industries and businesses of group three and above, Al Hilal, chief of the company`s board of...
Mon, 21 Jul 2008
Dog Gone or a Dog of a Different Color?
last week, one of my clients had a collection of animals sacrificed in a hindu ceremony and buried in the ground of his hotel. including, of course, a very cute, cuddly, long-nosed puppy dog. think about that the next time you stay in a hotel in bali ...
Mon, 21 Jul 2008
Dog Gone or a Dog of a Different Color?
JD? a prime business opportunity? I'm not sure I's describe it as that.
Mon, 21 Jul 2008
Dog Gone or a Dog of a Different Color?
Originally Posted By: Capt. MainwaringFucking hell, BaliDiscovey shite AGAIN. Why did you give that twat column inches kuku? i see it as a prime business opportunity for someone with the stomach for it!
Mon, 21 Jul 2008
Dog Gone or a Dog of a Different Color?
Fucking hell, BaliDiscovey shite AGAIN. Why did you give that twat column inches kuku? I do hope that my luaks aren't in any danger for they are coming on holiday to Bali with us.
Mon, 21 Jul 2008
Political Showdown Looming at Padang Bai?
Originally Posted By: www.balidiscovery.comimbroglioThis is almost as pretentious as when a few subs at The Jakarta Post started chucking the word "brouhaha" into articles.