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Sat, 21 Jul 2007
Bali's Booming Arrival Numbers
Bali by the Numbers: June Foreign Arrivals Set New Record and Pass the 1 Million Arrival Mark Only Half Way Through the Year.(7/21/2007) Despite stories of EU aviation blacklists and rekindled travel advisories, Bali continued to set new records with 145,174 foreign visitors arriving on the island...
Sat, 21 Jul 2007
Bali Guides Seek a 100% Increase in Guide Fees
Newly Elected Chairman of Guide Association Wants Current US$10.90 Daily Fee Increased to Improve Living Standards and Professionalism of Island's Guides.Bali News: Bali Guides Seek a 100% Increase in Guide Fees.
Fri, 20 Jul 2007
Investors want stability, not democracy: Indonesia
Well, he does have a tiny part of it correct about democracy (look at Vietnam, Singapore, China -- all doing well with investment, but poor democracy), what he does not seem to grasp is that those countries DO have a "democratic" (read: equitable) playing field for foreign businesses.
Fri, 20 Jul 2007
Investors want stability, not democracy: Indonesia
Originally Posted By: KuKuKaChu"I mean, what you look you needed, democracy or stability?""I think you need stability, not democracy," he said. i'll tell you what we investors need, you moron: we need transparancy in investment regulations; we need a clean bureaucracy; we need govt based on...
Fri, 20 Jul 2007
Investors want stability, not democracy: Indonesia
Mr Kalla says investors in Indonesia need stability rather than democracy. [File photo] (AFP: Toru Yamanaka)Indonesia's Vice-President Jusuf Kalla says stability is more important to Indonesia than democracy.
Thu, 19 Jul 2007
Govt to put mining rights out to tender under law
The government will use a tender process, rather than the existing direct-appointment mechanism, to award the mining permits that will be issued under the proposed new mining law.The Energy and Mineral Resources Ministry's director general of geology and mineral resources, Simon Sembiring, said in...
Thu, 19 Jul 2007
Govt urged to get serious about promoting biotechnology
Experts have called on the government to urgently start promoting biotechnology in order to ensure food security and improve the living standards of farmers.Speaking Tuesday during a seminar organized by the Indonesian Biotechnology Information Center (IndoBic), economist Bustanul Arifin said that...
Thu, 19 Jul 2007
Medco, Pertamina start exploring for methane gas
A number of local firms, including PT Pertamina and PT Medco Energi, will later this year conduct feasibility studies on the exploration and production of coal-bed methane (CBM) in two different locations in South Sumatra.The projects will mark the first of their kind in Indonesia.
Thu, 19 Jul 2007
President asks private sector of New Zealand to invest in Indonesia
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has invited investors of New Zealand to operate in Indonesia now that the investment and business climate in this world`s largest archipelagic country has become favorable.
Thu, 19 Jul 2007
Government to continue pursuing 10,000 MW power plant project
Jakarta (ANTARA News) - State Enterprises Minister Sofyan Djalil said here on Wednesday the government would continue to pursue its 10,000 megawatt power plant project despite existing hindrances.Speaking to reporters after a meeting with Vice President Jusuf Kalla, Sofyan said there were still...
Thu, 19 Jul 2007
Biofuel demand makes fried food expensive in Indonesia
Record-high palm oil prices due to voracious global demand for the oil used for food and now increasingly as a biofuel have left many ordinary Indonesians without their usual culinary fare.Palm oil-derived cooking oil is a staple in the Indonesian pantry.
Wed, 18 Jul 2007
RI's "Pink" Rupiah
Probably dill, to accept the existence of gay people means there is tolerance, people want to live in tolerant area, not where is 'fanatic god knowing people' crap area
Wed, 18 Jul 2007
RI's "Pink" Rupiah
In the states value of the property will go up if there is a gay in the neighbourhood
Wed, 18 Jul 2007
RI's "Pink" Rupiah
Originally Posted By: DilliI'm definately on the "Blue" side of the bus! so you keep telling us. constantly. dilli, is there something you want to share with us??
Wed, 18 Jul 2007
RI's "Pink" Rupiah
Very few people talk about them. To most, it's a subject best left alone. To some they are an embarrassment, to others an oddity and to many of the faithful, they are there to be condemned. They are Indonesia's homosexuals.At 5.
Tue, 17 Jul 2007
Investment list to stay as it is, for now
The government said Monday it would try to accommodate all suggestions from foreign and local businesses about the newly introduced negative investment list (DNI), but would leave it as it was for now."We will carry on with what we have at the moment.
Tue, 17 Jul 2007
Nike reaffirms commitment to Indonesia
Nike Inc. restated its commitment Monday to doing business in Indonesia despite its recent decision to cease placing orders with two of its suppliers here, which has prompted massive protests from the companies' workers.
Tue, 17 Jul 2007
Foreign investors still interested in Indonesia, minister says
Jakarta (ANTARA News) - Industry Minister Fahmi Idris said that foreign investors are still interested in Indonesia in view of this world largest archipelagic country`s increasing economic growth in addition to its vast population.
Mon, 16 Jul 2007
Cadbury Remains in Indonesia
TEMPO Interactive, Jakarta: Although two of its subsidiaries have closed their factories, PT Cadbury Indonesia - the chocolates and sweets company, still remains in Indonesia.“It’s not true that Cadbury is leaving. They’re still trading here. I’ve spoken with the president director.
Mon, 16 Jul 2007
More Biofuel Incentives Proposed
To help develop the renewable energy sector and the use of biofuels, the government is considering providing various incentives, including value-added tax (VAT) reductions for business players, and excise duty cuts for biofuel users.Evita H.
Mon, 16 Jul 2007
Moody’s Looks to Upgrade
Moody’s Investors Service is considering an upgrade in Indonesia’s sovereign debt rating, according to a Bloomberg News report citing two analysts with the rating agency.Steven Hess and Thomas Byrne said Friday (13/7/07) that the government is handling national finances well and has brought...
Mon, 16 Jul 2007
Motorola looks to connect with RI's largely untapped mobile phone market
With its large population and current low penetration rate, Indonesia is among the most attractive markets for mobile phone makers in the Asia and Pacific region.It is no wonder, then, Indonesia has become the battleground for some of the world's biggest mobile phone producers, including Nokia,...
Mon, 16 Jul 2007
Miners may be slapped with deposit obligation
A regulation is being drafted that would oblige mining firms to conduct post-exploration activities after their concessions end, a senior lawmaker says.The regulation, which would supplement the mining bill, is part of efforts to help ensure responsible mining operations that meet natural and...
Mon, 16 Jul 2007
Qatar wants Indonesia tax treaty legalized
Qatar has asked Indonesia to ratify a tax treaty so it can continue a US$1 billion infrastructure development fund it committed to Indonesia last year.The treaty against double taxation in both countries may be needed because Qatar and Indonesia could manage the infrastructure fund through a joint...
Mon, 16 Jul 2007
Indonesia`s new investment limits seen as a step towards untangling
Jakarta (ANTARA News) - Indonesia's new list of foreign investment limits by sector has caused head-scratching among investors. But analysts and the government say that despite confusion, it is a step towards untangling the infamous bureaucracy of Southeast Asia's largest economy.
Mon, 16 Jul 2007
Penetration of culture-based products to global markets to be prioritized
Jakarta (ANTARA News) - The government was expected to intensify the penetration of national culture and history based products to the global market by providing various facilities and incentives to the exporters, Industry Minister Fahmi Idris said here over the weekend.
Sun, 15 Jul 2007
Bali: We're the Tops!
For the Sixth Consecutive Year Bali Named the World's Best Island by Travel and Leisure Magazine.(7/14/2007) Each year Travel + Leisure magazine polls its sophisticated readership and then names the World's Best in cities, hotels, islands, airlines, cruise lines, tour operators + safari outfitters,...
Sun, 15 Jul 2007
Register Your Villa or Else!
Chief of Tourism for Bali's Badung Regency Warns Villa Owners He Will Put Them Out of Business if They Fail to Register Before August 29, 2007.(7/14/2007) The Head of the government tourism office for the regency of Badung in Bali has warned that owners who fail to properly register their...
Sun, 15 Jul 2007
Biznet to spend $20m on network expansion
Internet service and network provider Biznet is spending up to US$20 million on an ongoing project to expand its fiber-optic network to reach more commercial buildings in Jakarta's central business district.
Fri, 13 Jul 2007
Open-source firms need 'equal treatment'
To help boost the application of open source technology, which could in turn benefit local industry, the government needs to help out with better regulations, an IT firm says.Harry Kaligis, business and marketing general manager of Sun Microsystems Indonesia (SMI), said that although open-source...
Fri, 13 Jul 2007
Mining bill close to completion
Moving one step closer to the wrapping up of the deliberations on the mining bill, lawmakers and the government clinched a deal Wednesday on a special scheme, similar to the current contract of work (CoW) arrangements, for major mining projects.
Fri, 13 Jul 2007
Plea over Indonesia palm oil plan
BBC News, JakartaBorneoHuge swathes of Borneo's jungles are under threatA coalition of environmental groups in Indonesia has called on the United Nations to intervene in a palm oil project being planned in Borneo.The project will allocate up to 1.8 million hectares (4.
Fri, 13 Jul 2007
RI`s first-semester economy grows 6.04%: finance ministry
Jakarta (ANTARA News) - Indonesia`s economy is estimated to have grown by 6.04 percent in the first half of 2007 on improving economic conditions in June, the Finance Ministry said."Economic growth hit six-month highs in June.
Thu, 12 Jul 2007
Investors confused by govt's new restrictions
Confused by the new negative investment list issued recently by the government, the Indonesian Chamber of Commerce and Industry (Kadin), together with associations representing foreign investors, plans to go to the government to seek explanations."We have identified so many gray areas in the list.
Thu, 12 Jul 2007
Indonesia still adhering to social justice-oriented economy, says Yudhoyono
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has said Indonesia still adhered to an economic system marked by social justice even though the world had entered the globalization era."In accordance with the consensus reached among our founding fathers, the economic system we adhere to...
Wed, 11 Jul 2007
$65.5m Investment in Jambi in 2006
Five foreign investors and their Indonesian partners invested $65.5 million in Jambi province last year, a report said, according to Antara.The investment projects created jobs for more than 2,700 people, said the report, issued by the provincial development and promotion body on Monday (2/7/07).
Wed, 11 Jul 2007
Details of Investment List Issued
The government has issued its latest “priority investment list”, which sets out a more comprehensive description of which business sectors are opened and closed to investors.The new list, required under the recently enacted Investment Law, governs a total of 338 business sectors, of which Trade...
Wed, 11 Jul 2007
Indonesia blacklists FDI
JAKARTA - In an unexpected lurch toward more market protectionism, Indonesia last week greatly expanded its "negative investment list" of local industries to which foreign investment is partially or wholly restricted in Southeast Asia's largest economy.
Wed, 11 Jul 2007
More biofuel incentives proposed
To help develop the renewable energy sector and the use of biofuels, the government is considering providing various incentives, including value-added tax (VAT) reductions for business players, and excise duty cuts for biofuel users.Evita H.
Wed, 11 Jul 2007
New bill hoped to energize power sector competition
After liberalizing the oil and gas sector, the government now plans to do the same in the power sector, with a bill allowing new players to compete with state utility PT PLN in electricity generation, distribution and transmission.
Fri, 06 Jul 2007
Telekom Malaysia sees Indonesian investment unchanged from Jakarta`s new ruling
Kuala Lumpur (ANTARA News) - Malaysia's largest telecommunications provider Telekom Malaysia does not expect the new ruling in Indonesia governing foreign ownership in telecom companies to affect its shareholding in PT Excelcomindo Pratama Tbk.
Fri, 06 Jul 2007
Telekom Malaysia sees Indonesian investment unchanged from Jakarta`s new ruling
Kuala Lumpur (ANTARA News) - Malaysia's largest telecommunications provider Telekom Malaysia does not expect the new ruling in Indonesia governing foreign ownership in telecom companies to affect its shareholding in PT Excelcomindo Pratama Tbk.
Fri, 06 Jul 2007
Aceh Jaya still wide open to foreign investors
Banda Aceh (ANTARA News) - Aceh Jaya district, Nanggroe Aceh Darussalam (NAD) province, is still wide open to national and foreign investors to sink their capital in the district in a bid to create new job opportunities and accelerate economic growth, a local official has said.
Fri, 06 Jul 2007
Kadin wants changes to investment blacklist
Indonesian Chamber of Commerce and Industry (Kadin) may look for a review of the newly signed presidential decree on sectors prohibited to foreign investment."We want to set things in perspective and correct a few errors so that the decree will be capable of being successfully applied," Kadin...
Thu, 05 Jul 2007
Government Issues Negative Investment List
TEMPO Interactive, Jakarta: The government has issued the President Regulations No. 76/2007 and No. 77/2007 on closed and open business with conditions.Boediono, Coordinating Minister for the Economy, said the regulations provide businesspeople clarity about investing in Indonesia.
Thu, 05 Jul 2007
Government should not upset over lower tax receipts
I would be interested to know the tax generated by local companies and the tax revenue generated by foreign companies
Thu, 05 Jul 2007
Indonesia restricts foreign investment
I know SBY has a difficult job to do but the fact that one part of the government is aggressively seeking foreign investment while another part is trying to choke it goes to show how weak his leadership is at the moment.
Thu, 05 Jul 2007
Indonesia restricts foreign investment
Originally Posted By: riccardoHow can we shoot ourselves in the foot today? i suspect we are going to be hearing this expression an awful lot over the next weeks/months.
Thu, 05 Jul 2007
Indonesia restricts foreign investment
Every parliament or cabinet meeting must start with: How can we shoot ourselves in the foot today?Usually answered with some new rent-seeking policy. And they've done it again.
Thu, 05 Jul 2007
Government should not upset over lower tax receipts
Government should not upset over lower tax receiptsMedan (ANTARA News) - The government must not go "berserk" in responding to its decreased income from taxes because the decline is a consequence of the lingering economic crisis and the wretched mentality of its tax collecting personnel, an...