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Fri, 31 Jul 2009
Property demand in H2 to remain weak
Demand for apartments and condominiums in the second semester in Jakarta are likely to remain weak despite an improvement in the economy, global property consultant Jones Lang LaSalle said."Continuing negative sentiment among foreign investors impeded demand for apartments, while the...
Fri, 31 Jul 2009
RI consumer confidence improving
Consumer confidence in Indonesia continued to be strong in the second quarter, growing by 8.5 percent from the previous three-month period, a survey reveals.The consumer confidence index in Indonesia reached 112.1 points in the second quarter, 8.
Fri, 31 Jul 2009
Shipping Route between Lombok and Surabaya should be Opened Soon Say Entrepreneurs
TEMPO Interactive, Mataram: Entrepreneurs have asked the provincial government of West Nusa Tenggara (NTB) to open shipping route between Lombok and Surabaya.A journey by the current route of Sumbawa-Lombok-East Java through Bali takes between 14 to 24 hours.
Fri, 31 Jul 2009
Antimonopoly Group Ponders Move To Look Into Escalating Sugar Prices
With sugar prices skyrocketing over the past few months, the country’s antimonopoly watchdog said it was on the cusp of launching a formal investigation.“As part of the effort to prevent monopolies and protect the public from the consequences of unfair business practices, the Business...
Fri, 31 Jul 2009
Soybean Board Pushes for 20% Tariff On Imports, but Processors Urge Caution
The Indonesian Soybean Board is calling on the government to slap a 20 percent duty on soybean imports to protect domestic soy, which is usually more expensive than its imported counterpart.The board, known as DKI, said the tariff would encourage farmers to grow more soybeans and ultimately reduce...
Fri, 31 Jul 2009
Minister alerts building contractors about foreign companies` arrival
Padang (ANTARA News) - Public works minister Djoko Kirmanto called on building contractors here on Thursday to improve their performance so that their market share would not be taken over by foreign companies.
Thu, 30 Jul 2009
Siemens Indonesia spends 8.7m euro on expansion
JAKARTA: PT Siemens Indonesia is investing 8.7 million euro this year to expand of its power-generation factory in Cilegon, Banten.The expansion includes the installation of new machines and equipment to accommodate international orders awarded by parent company Siemens AG.
Thu, 30 Jul 2009
Geothermal projects `less attractive' for investors
Poor resource data, opaque tender processes and inadequate provisions in Power Purchase Agreements (PPA), have made investors shy away from developing geothermal power plants in Indonesia, an investment officer at the International Finance Corporation (IFC) said on Wednesday.
Thu, 30 Jul 2009
Indonesia Not Ready for ASEAN-China Free Trade
TEMPO Interactive, Jakarta: Indonesia is considered to be not ready to face the effects of excise fee removal as part of the ASEAN and China free trade agreement in 2010.Deputy of the Indonesian Chamber of Commerce and Industry (Kadin) for Domestic Trade, Benny Sutrisno, said that during the last...
Thu, 30 Jul 2009
Malaysian Agriculture Minister to Prioritize Products from South Sulawesi
TEMPO Interactive, Jakarta: The Malaysian Agriculture and Agricultural Industry Minister, Dato' Noh Bin Haji Omar, is visiting South Sulawesi today (30/7) and meeting the governor Syahrul Yasin Limpo.The visit is to follow up the earlier visit of Malaysian Prime Minister, Najib Tun Rajak who said...
Thu, 30 Jul 2009
Seven ASEAN Nations to Join Batam Expo
TEMPO Interactive, Batam: The Batam Chamber of Commerce and Industry (Kadin) is holding the 2009 Batam Expo that will be attended by 7 of the 10 member countries in the Association of Southeast Asian Nations (ASEAN).
Thu, 30 Jul 2009
Exxon oil find shows Indonesia investment hurdles
GAYAM, Indonesia (Reuters) - Exxon Mobil Corp's (XOM.N) Cepu find in this poor rice-growing area of Java was meant to revive Indonesia's flagging oil output, but nearly a decade later there has been barely a trickle of oil from the huge field.
Thu, 30 Jul 2009
Jakarta Property Market Still Down, But Recovery Is Near: Consulting Firm
The local arm of the Chicago-based property consulting firm Jones Lang LaSalle said Jakarta’s residential market has yet to recover from the global economic downturn, with figures for property sales and leases down dramatically compared to last year.
Wed, 29 Jul 2009
Demand for Office Space In Jakarta Rises in Q2
Jakarta-based property consultancy PT Procon Indah said the office rental property market showed signs of improvement in the second quarter, while the retail property market, which usually spearheads recovery in the property sector after a downturn, was suffering from oversupply.
Wed, 29 Jul 2009
SME Confidence Survey Shows Uptick In Sentiment, Investment and Hiring
The nation’s small and medium-sized enterprises are increasingly optimistic that their businesses will improve in the second half of the year and are planning to make more investments and hire more workers, according to a survey released on Tuesday.
Wed, 29 Jul 2009
Incoming Indonesian Tax Chief Promises to Chase Down Cheaters
Mochamad Tjiptardjo, the country’s new top taxation official, pledged at his swearing-in ceremony on Tuesday to do his best to hit tax-revenue targets this year and continue the government’s efforts to chase down tax evaders, especially big corporations.
Wed, 29 Jul 2009
Pertagas to build $27 million LPG plant in Bekasi
PT Pertamina Gas (Pertagas), a subsidiary of state oil and gas company PT Pertamina, has allocated about US$27 million to build a liquefied petroleum gas (LPG) plant in Bekasi, west of Jakarta.The company is tendering the project, the company's president director Suharyanto told reporters Tuesday.
Wed, 29 Jul 2009
Batam to hold small and medium enterprises expo
The Indonesian Chamber of Commerce (Kadin) will stage an expo on small and medium enterprises from eight Southeast Asian (ASEAN) countries in Batam from July 30 to Aug. 2.Head of the Batam branch of Kadin, Nada Faza Soraya, said Tuesday that business players from the ASEAN countries - Indonesia,...
Wed, 29 Jul 2009
Industry Department Says Sanyo to Improve Capacity In Indonesia
TEMPO Interactive, Jakarta: Sanyo Electric Co Ltd Global the Japanese electronic appliances maker reprtedly to move some of its capacity from its facility in China to Indonesia, the Industry Department said on Tuesday.
Wed, 29 Jul 2009
Research in Motion Could Face Sanctions From Indonesia Trade Department
TEMPO Interactive, Jakarta: Trade Department said Canadian Research in Motion, the producer of the latest communication gadget, Blacberry will face sanctions if the company failed to comply with local regulation on after sales service.
Tue, 28 Jul 2009
Investors in Jababeka opt to stay despite recent bomb blasts
Foreign and local investors at the Jababeka industrial complex in Cikarang, just outside Jakarta, opted to remain in Indonesia despite the recent bomb blasts in Jakarta that killed nine people and injured more than 50."There is no investor exodus from Jababeka.
Tue, 28 Jul 2009
Tjiptardjo picked to continue tax office reform
Rendi A. Witular and Aditya Suharmoko, The Jakarta Post, Jakarta President Susilo Bambang Yudhoyono has appointed Mochamad Tjiptardjo, the director of investigation and intelligence at the directorate general of taxation, as the new tax chief.
Tue, 28 Jul 2009
Jakarta govt to raid illegal electronics
Jakarta (ANTARA News) - The Jakarta administration will conduct a raid on illegal electronics sold at electronic shops and outlets in the capital, an official said.The raid was aimed at protecting domestic electronics producers and importers that pay taxes, head of the Jakarta cooperatives, micro...
Tue, 28 Jul 2009
Minister: "I Love Indonesia" campaign not protectionism
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said the "I Love Indonesia" campaign launched by the government was not a form of protectionism but a means to promote domestic consumption."This campaign is not a protectionist ploy at all .
Tue, 28 Jul 2009
RI`s export performance improving
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said that Indonesia`s export performance was improving following the increase in commodity prices and in demand for Indonesian commodities overseas."It can be better than the previous prediction.
Tue, 28 Jul 2009
Indonesia Sees Significant Rise in ’09 Export Outlook
Rising demand and prices for primary commodities have led the Ministry of Trade to raise its 2009 export projections from a 30 percent contraction to a 15 percent year-on-year decline.Trade Minister Mari Pangestu on Monday said that the recent rise in commodity prices and the impact of economic...
Tue, 28 Jul 2009
HSBC commits to support Indonesia's SMBs
JAKARTA, July 28 (Xinhua) -- The Hong Kong and Shanghai Banking Corp. Ltd. (HSBC), the world's third-largest bank, is committed to support small and medium business (SMBs) in Indonesia, providing credit to the sector more than requirement of the Bank Indonesia (BI), the central bank, an official...
Sat, 25 Jul 2009
EU offers incentives to eco-friendly palm oil producers
The European Union has pledged to offer incentives to Indonesia’s palm oil producers that promote an eco-friendly management to slash emissions.EU Ambassador and Head of Delegation to Indonesia and Brunei Darussalam Julian Wilson said Friday the emission cut target requirement would not hurt...
Fri, 24 Jul 2009
Government Hikes Tariff for Export Document
TEMPO Interactive, Jakarta: Trade ministry hiked tariff for export document by 400 percent which effectively starts on August 1.In a release by the Trade Ministry on Friday, Minister Mari Elka Pangestu said “the previous tarrif for every issuance of certificate of origins for export commodities...
Fri, 24 Jul 2009
Indonesia to open 400,000 ha of new oil palm plantations this year
Jakarta (ANTARA News/Asia Pulse) - Indonesia, one the world's largest palm oil producers, plans to expand its oil palm plantations by 400,000 hectares this year from 7.1 million hectares it has now.The expansion, twice as large as earlier projected by the association of palm oil companies (Gapki),...
Fri, 24 Jul 2009
Indian Car Firm Tata May Invest In Local Production
Some of India’s biggest automotive manufacturers on Thursday expressed interest in possibly investing in Indonesian factories, underscoring the attractiveness of the market ahead of the opening of the country’s annual auto show, a senior Industry Ministry official said.
Fri, 24 Jul 2009
RI-Thai trade ties increasing: official
Jakarta (ANTARA News) - Trade relations between Indonesia and Thailand have shown an upward trend in recent years, a Thai official said.Two-way trade reached US$11.734 million in 2008, an increase of 33 percent from a year earlier, Thai Minister Counsellor Officer of Commercial Affairs Supawadee...
Thu, 23 Jul 2009
Bombings, business and the future of Indonesia
I think this time, it's gonna take much a long time for Jkt, Indonesia to recover from this. I mean, the image in foreigners' eyes.I hope no more terrors happen
Thu, 23 Jul 2009
Govt. hopes to produce cheap cars in 2012
The government will launch a program to produce low-cost cars in the next two years, the Industry Ministry said, Asia Pulse reported.The national cars will come in two levels - one with prices from Rp60 million ($6,000) to Rp70 million and another at Rp40 million to Rp50 million, said Director...
Thu, 23 Jul 2009
US explores Indonesia train revitalization project
The US government is exploring chances to assist in the revitalization of Indonesia's trains with a $20 billion 10-year loan to run from 2010 to 2020, an official was quoted as saying on Tuesday, Xinhua reported.
Thu, 23 Jul 2009
Direct investment forecast to grow 7.1% in 2010
The government predicted the country's direct investments would grow 7.1% next year, lower than this year's prediction of 7.4% and 11.8% in 2008, Asia Pulse reported on Friday.The value of direct investment should be able to expand by at least 10% but it would be difficult with the global economic...
Thu, 23 Jul 2009
Bombings have little impact on economy: Analysts
The latest bombings at the Ritz Carlton and JW Marriott hotels in Jakarta that killed at least nine people will have little impact on the country's economic recovery, analysts said on Friday, Channel News Asia reported.
Thu, 23 Jul 2009
Attacks rattle expats, foreign firms heighten security
Most foreign businesses in Jakarta will step up security measures following Friday's twin blasts, but few will consider quitting Indonesia's growing economy, business chiefs say, The Age reported."This country is powering ahead.
Wed, 22 Jul 2009
UNWTO official: Indonesia records amazing tourism growth
Indonesia became the only country in the world that recorded growth in tourism industry during the first five months of this year, the deputy secretary general of the United Nations for the World Tourism Organizations (UNWTO) Xu Jing told reporters here on Wednesday.
Wed, 22 Jul 2009
Indonesia and Canada Discuss Investment Agreement
TEMPO Interactive, Jakarta: The governments of Indonesia and Canada are discussing an investment agreement during the summit of the Asia Pacific Economic Cooperation (APEC) in Singapore, July 21-22.Indonesian trade minister, Mari Elka Pangestu, said the discussions include investment protection,...
Wed, 22 Jul 2009
Ministry Says Plantation Overhaul Scheme a Failure
A government lending program designed to help rejuvenate the country’s plantations has so far fallen flat, an Agriculture Ministry official acknowledged on Tuesday, with critics blaming a complicated regulatory structure and high interest rates for the flop.Of the Rp 37.4 trillion ($3.
Wed, 22 Jul 2009
Indonesia's Bakrie sees 2010 palm output up 17 pct
JAKARTA, July 21 (Reuters) - Indonesia's PT Bakrie Sumatra Planations said on Tuesday it expects its palm oil output to rise 17 percent to 420,000 tonnes in 2010, boosted by increased output from maturing plantations.
Wed, 22 Jul 2009
nvestment in manufacturing sector unaffected by bombings
Investment in the manufacturing sector will remain unaffected by the two hotel bombings last week, Industry Minister Fahmi Idris said Tuesday."The bombings have had no impact [on investment in the manufacturing sector]," he said at the ministry office in Jakarta.
Wed, 22 Jul 2009
City, Pelindo team up to develop Tanjung Priok port
The Jakarta administration and state-owned port operator PT Pelindo II will work together to turn the congested Tanjung Priok Port in North Jakarta into an international hub, say officials.Governor Fauzi Bowo said Tuesday the development was aimed at accelerating business at the country’s biggest...
Wed, 22 Jul 2009
Chinese car makers eye RI
Two Chinese car maker giants are considering investing in Indonesia given the Southeast Asian country’s promising market."There are one or two investors from China [interested in investing in Indonesia]," industry ministry director general for transportation and telecommunications and...
Tue, 21 Jul 2009
‘Attacks Will Not Slow Growth, Shake Stability’
The first major terrorist attack in Indonesia in nearly four years will not hurt economic growth or the country’s hard-won economic stability, Minister of Trade Mari Pangestu said on Monday.“Based on past experiences, post-bombing the impact is usually on tourism and travel,” Mari said during...
Sun, 19 Jul 2009
Bombings, business and the future of Indonesia
Ironic, they don't even hurt any american... can not stop thinking about those jihad idiot sacrifice their life for a war? what war, they only bring chaos to poor jakarta and terror in Inndonesia..Noordin top he's fucken malay, isn't he. Bastard.And why everybody think SBY is talking shit?
Sun, 19 Jul 2009
Bombings, business and the future of Indonesia
Reporting from Jakarta, IndonesiaFor years, James Castle has been Mr. Indonesia, a well-known Western face here promoting the world's most populous Muslim nation as a sensible international investment destination.
Sun, 19 Jul 2009
Market confidence shaken, not shattered
Indonesia’s healthy economic growth and market resilience will sustain the damaging impact of blasts that ripped through the JW Marriott and the Ritz-Carlton hotels on Friday, analysts said.Analyst for Citigroup Global Markets said the market impact would be short-lived in line with the still...