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Sun, 19 Jul 2009
Bomb blasts won`t affect taiwanese investment in Indonesia
Jakarta, (ANTARA News) - The two low-level bomb blasts which slightly damaged two hotels in Jakarta and killed nine people will mot affect Taiwanese investment in Indonesia, a Taiwanese official here said.
Sun, 19 Jul 2009
Bali Seeking Special Autonomy Status?
Bali's Desire to Obtain Special Administrative Status Gets Support from Indonesian House of Representatives.(7/18/2009) The Indonesian House of Representative (DPR) has joined the island's governor, Made Mangku Pastika, in calling for the province of Bali to be declared a special autonomous region...
Sun, 19 Jul 2009
Investment in Batam FTZ not affected by bombings
Suicide bombings at two South Jakarta hotels on Friday will not affect investment in the Batam, Bintan and Karimun free trade zones, an official has said.Riau Islands Governor Ismeth Abdullah said Saturday the free trade zones were far away from Jakarta.
Sat, 18 Jul 2009
Indonesia’s Economy May Be Unharmed by Bombings, Citigroup Says
July 18 (Bloomberg) -- Indonesia’s economy is resilient enough to withstand yesterday’s bomb attacks on the Ritz Carlton and JW Marriott hotels in Jakarta, economists said.“Terrorist threats in Indonesia are nothing new,” said Johanna Chua, head of Asian economic research at Citigroup Inc.
Sat, 18 Jul 2009
Government to maintain liquor import monopoly
The state enterprises ministry has rejected a proposal by the Customs and Excise Office that the government allow more companies to import alcoholic drinks, to prevent smuggling of liquor.State-owned PT Sarinah remains Indonesia’s sole importer of alcoholic beverages.
Sat, 18 Jul 2009
Tourism Industry Expresses Fear Over Impacts of Jakarta Bombing
TEMPO Interactive, Jakarta: Hotel Association in Yogyakarta one of the main tourist attraction in Java predicted that hotel occupancy rate in Yogyakarta to slip by 5-10 percent after the bombings in Jakarta which killed nine people an injured around 60 others.
Sat, 18 Jul 2009
Promotion of Local Product Has Not Increased Consumption Level
TEMPO Interactive, Jakarta: The government program to support products produced by local industry is considered ineffective as it does not encourage local consumption.The Indonesian Machine and Tool Industry Association (ASIMPI) chairman, Dasep Ahmadi, said that the implementation of the program...
Sat, 18 Jul 2009
What will be the impact of Indonesia's hotel bomb attacks
Quoting: kaziIndonesia: The President is a target of terror attacks Indonesian President is target of attacks i'm a little suspicious about the information given to SBY concerning the assassination plot against him. seems just a little too convenient.
Sat, 18 Jul 2009
What will be the impact of Indonesia's hotel bomb attacks
Indonesia: The President is a target of terror attacks Indonesian President is target of attacks
Fri, 17 Jul 2009
What will be the impact of Indonesia's hotel bomb attacks
JAKARTA, July 17 (Reuters) - Bomb blasts ripped through the JW Marriott and Ritz-Carlton hotels in Jakarta's business district on Friday, killing nine people and wounding dozens in attacks that could dent investor confidence in Indonesia.
Fri, 17 Jul 2009
Motorcycle Sales to June Skid by 16%; Yamaha Edges Honda for Market Lead
With cities and villages around the country clogged by devil-may-care bikers, it may come as a surprise that motorcycle sales tumbled by about 16 percent in the first half in 2009. The decline, however, represents improved performance compared with sales of cars and commercial vehicles, which...
Thu, 16 Jul 2009
Tax office to create program to reduce tax evasion
i doubt it's just one person. this has been an on-going process for some years now, starting with Finance Ministry, then with direct KPK involvement in designing systems that reduced the opportunities for corruption.
Thu, 16 Jul 2009
Tax office to create program to reduce tax evasion
things have certainly changed over the past 3 or so years. remains to be seen if they can sustain it, especially while other govt depts continue to wallow in the shit of corruption. Immigration Office is getting worse, Manpower is getting worse, police have barely advanced at all since 2003, law...
Thu, 16 Jul 2009
Tax office to create program to reduce tax evasion
I will say I have been impressed with my dealings with the tax office. Of all the government departments they seem to be making the most effort to clean themselves up. The changes seem to be affecting SME business and individuals, and I am sure over time the big companies and high wealth...
Thu, 16 Jul 2009
More firms to import alcoholic drinks sought
The Customs and Excise Office has urged the Trade Ministry to allow more companies to import alcoholic beverages, instead of just one currently, to help curb smuggling.Today the import of alcoholic drinks is monopolized by state-owned company PT Sarinah.
Thu, 16 Jul 2009
Govt told to rethink regional autonomy
The government and lawmakers have been urged to reevaluate the regional autonomy policy, which in 10 years has led to the creation of more than 200 new regions which have not always improved conditions for local communities.
Thu, 16 Jul 2009
Over 10 foreign firms in Batam threaten to relocate to other countries
More than 10 oil-based companies currently operating on Batam, Riau Islands, threatened they would relocate to other countries, most possibly Singapore, because of double taxation that they have to bear.
Thu, 16 Jul 2009
Trade Ministry: Taxes, Not Monopoly, Reason for Smuggled Alcohol Market
Extremely high taxes on imports and weak government monitoring are the main reasons why the black market in alcohol is flourishing, a senior official at the Trade Ministry told reporters on Wednesday.Diah Maulida, the ministry’s director general for foreign trade affairs, said state firm PT...
Thu, 16 Jul 2009
Tax office to create program to reduce tax evasion
The tax office is creating a program application that will include its efforts in "profiling" and "benchmarking" of taxpayers in its information and technology system to reduce the rate of tax evasion, tax office chief Darmin Nasution says.
Wed, 15 Jul 2009
Indonesian Index on Corruption Perception Reaches 2.6
TEMPO Interactive, Mataram: The Indonesian index on corruption perception reaches 2.6 in 2008. This is higher than the index in 2004 which was only 2.0.The increase in the index was reported by the Secretary of the State Minister for Administrative Reforms, Tasdik Kinanto, at a regional...
Wed, 15 Jul 2009
Trade Department Reprimands 1,500 Importers
TEMPO Interactive, Jakarta: Trade Department said it is evaluating performance of around 1,500 importers for failing to report their activities to the ministry, and began to reprimand the importers to immediately submit their report or they will face import ban.
Wed, 15 Jul 2009
Energy company to add investment in Indonesia's South Sulawesi
China's Hong Kong-based World Energy firm has planned to increase investment to boost the capacity of its steam-power plant in South Sulawesi of Indonesia, Investment Coordination Board (BKPM) Chairman Muhammad Lutfi said Tuesday.The firm would increase its investment by 130 million U.
Wed, 15 Jul 2009
Finance Official Says Government Alcohol Monopoly Must Go
The government must break the monopoly that state alcohol importer PT Sarinah has on importing wine, beer and spirits, or else illegal shipments will continue to flood the country, a high-ranking official at the Finance Ministry has said.
Tue, 14 Jul 2009
More investment as companies turn to wood pellets for energy
As more businesses adopt environmentally friendly practices, demand for wood pellets as a source of renewable fuel is on the rise, a senior government official has said.Hadi Daryanto, the director general for development of forest production at the Forestry Ministry, said recently that demand was...
Tue, 14 Jul 2009
Manufacturing key sector for development: Minister
Aditya Suharmoko, The Jakarta Post, Jakarta The government will make manufacturing a key sector in designing its 2010-2014 development plan to reduce poverty and unemployment, a minister said Tuesday."The role of the manufacturing industry in development is very important," State Minister...
Tue, 14 Jul 2009
Investors waiting for new cabinet line-up
Jakarta (ANTARA News) - Foreign investors overseas are still waiting for the composition of the new cabinet ministers in President Susilo Bambang Yudhoyono`s next government, an observer said."Foreign investors will see first who are to be appointed ministers in the new cabinet of the...
Tue, 14 Jul 2009
Keeping Recipes Simple
Government Enforces Strict Rules on Food Imports by Destroying Imported Food Stocks at Local Supermarkets.(7/12/2009) The Bali branch of the Agency for the Supervision of Food and Drugs (BPOM) has conducted on-site destruction of imported food items at several locations around Bali.
Tue, 14 Jul 2009
Inco May Slash 500 Jobs to Cut Costs
The nation’s largest nickel producer, PT International Nickel Indonesia (Inco), plans to dismiss about 500 employees as the global slump forces the company’s biggest shareholder to pare costs back to a minimum, an Inco source said on Monday.
Tue, 14 Jul 2009
Work on infrastructure stimulus awaits new cabinet
Aditya Suharmoko, The Jakarta Post, Jakarta To investors engaging in the real sector, the game of wait and see does not end automatically with the grand finale of last week's presidential election.Investment, although likely to improve, still craves the long-awaited boost from government...
Tue, 14 Jul 2009
Free trade delay with China sought: Ministry
Mustaqim Adamrah, The Jakarta Post, JakartaBowing to pressure from textile producers, the Industry Ministry has agreed to reassess the costs and benefits of the China-ASEAN free trade agreement, and may even propose a postponement.
Mon, 13 Jul 2009
Indonesia issues first forest-carbon revenue rules
JAKARTA, July 10 (Reuters) - Indonesia's forestry ministry has released what are believed to be the world's first set of revenue sharing rules governing forest carbon projects, a ministry official said on Friday.
Mon, 13 Jul 2009
Japanese investors postpone projects in E Java
Surabaya, E Java (ANTARA News) - Many Japanese investors have delayed their plans to invest in East Java as a consequence of the global economic crisis, a capital investment official said."As a result of the global economic crisis which hit Japan, many investors from that country have delayed...
Mon, 13 Jul 2009
Regulations Key to Infrastructure, Analyst Says
The country needs leaders who can create a sustainable regulatory framework to guide the speedy development of infrastructure, rather than decision-makers who act quickly but put the country at risk in the process, a prominent analyst said.
Sat, 11 Jul 2009
Indonesian Firms Need to Go Global
Few Indonesian companies are among the largest in the world. By comparison, Malaysia and Singapore have a handful. No Indonesian companies are global champions or global brands. Singapore has one in Singapore Airlines.
Sat, 11 Jul 2009
World Bank Dubs Indonesia a ‘Winner,’ Says Economic Growth May Soar to 7%
With the country set to emerge a “winner” from the global financial crisis, the economy has the potential to expand “significantly” by more than 7 percent, according to Joachim von Amsberg, the World Bank’s representative in Jakarta.
Sat, 11 Jul 2009
Exporters Knock Govt Efforts at Promoting Trade
Trade associations representing exporters say they are dismayed by the lack of state help in opening up new markets, and are urging the government to devise a strategy to help them cope with the slump in demand from traditional export destinations.
Fri, 10 Jul 2009
Qatar to Open Local Investment Firm: Government
Qatar Holdings, the direct investment arm of the Qatar Investment Authority, plans to open a wholly owned investment firm in Indonesia by the end of the year, the government’s special envoy to the Middle East said.“Based on our latest meeting with Mr.
Thu, 09 Jul 2009
Indonesia: An "in-danger" state?
Alexandra Retno Wulan, JakartaForeign Policy magazine just released its 2009 Failed States Index (FSI) in its July/August edition. Unsurprisingly, Indonesia is still listed in the second “worst” category - titled the “in-danger” list.
Thu, 09 Jul 2009
Government to Raise Foreign Stake in Local Hospital
TEMPO Interactive, Jakarta: Health Ministry informed that the governemnt is proposing to raise the maximum stake of foreign investment in local hospitals from 49 percent to 65 percent.Minister Siti Fadilah Supari said on Wednesday after casting her vote near her residence in Jakarta that the...
Thu, 09 Jul 2009
Money Supply Rises 18 Percent During Election
TEMPO Interactive, Jakarta: Bank Indonesia said on Wednesday the amount of money in domestic economy during the presidential election period rose 18 percent from a month earlier. Bank Indonesia however said the rise could not be linked solely to the election while the Finance Ministry said the...
Thu, 09 Jul 2009
Businesses Laud SBY’s Lead, Expect Action in Next Term
The business community welcomed quick-count poll figures suggesting that incumbent President Susilo Bambang Yudhoyono, had easily won a second term without a runoff. But those interviewed also said they would expect the president to honor his campaign promises and act faster on a number of economic...
Thu, 09 Jul 2009
Belt Collins opens Bali office
Belt Collins has opened its sixth office in Asia with its newest in Indonesia.The Honolulu-based planning, design and consulting firm opened a new office in Bali, with nine employees.The office is working on projects including the Sawangan Bali Resort, Pullman Bali Legian Nirwana and The Regent...
Thu, 09 Jul 2009
Riau Islands to build airstrips in isolated regions
The Riau Islands provincial administration is to build airstrips in Bintan and Anambas regencies to open access to the two isolated regions, the governor has said.Governor Ismeth Abdullah said the airstrips, to be built in Tambelan Island (Bintan) and Jemaja Island (Anambas), would also play an...
Thu, 09 Jul 2009
S Korea`s Kolon to invest US$10.6 mln for epoxy plant expansion
Seoul (ANTARA News/Asia Pulse) - South Korea's leading synthetic fiber maker Kolon Industries Inc. (KSE:002020) said Tuesday that it will invest 13.5 billion won (US$10.6 million) to expand its epoxy plant in the southeastern area of the country by the first half of 2010.
Thu, 09 Jul 2009
Finance minister hopes investment to grow seven percent
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati hopes investment will grow seven percent to support the economy so that it could grow four percent this year."If growth is still quite strong we hope investment in the second quarter and in the second semester could grow higher...
Thu, 09 Jul 2009
RI-UAE trade far less than actual potential
Jakarta (ANTARA News) - Indonesian Ambassador to the United Arab Emirates (UAE) M. Wahid Supriyadi said while the trade relations between the two countries in 2008 increased 44 percent to 2.18 billion US dollars, the matter is still no picture of the true potentials of the two nations.
Wed, 08 Jul 2009
Alcohol: Why Indonesia Isn’t Producing Enough (And How to Fix That)
So Quoting: biznewsBeer manufacturers PT Multi Bintang Indonesia and PT Delta Djakarta, which produces Anker beer, are the sole alcohol producers on the stock exchange and cannot meet domestic demand.=local producers were not even presently operating at maximum capacity. Fucking clown.
Wed, 08 Jul 2009
Indonesia: Tax appointment crucial to reform drive
JAKARTA (Reuters) - Indonesia's tax chief, Darmin Nasution, who is credited with cleaning up the notoriously corrupt department and boosting tax revenues, moves to the central bank this month to become a senior deputy governor.
Wed, 08 Jul 2009
Govt to make Lombok island world tourist destination
I wonder how many of the current crop of ruling elite have recently purchased property in Lombok?
Tue, 07 Jul 2009
Research In Motion To Set Up Facility In Indonesia
JAKARTA (Dow Jones)--Research In Motion Ltd. (RIMM) is arranging for a repair facility in Indonesia to expand its after-sales service and will continue investing in the country, the company said in a statement Tuesday.