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Thu, 15 Jul 2010
Nielsen Survey Shows Growing Indonesian Online Shoppers
TEMPO Interactive, Jakarta: The Indonesian branch of consumer research firm Nielsen reported a growing trend in online shopping the in the country in the last several months.Executive Director of Consumer Reserach Catherine Eddy said today (14/7) almost 70 percent of indonesia's 30 million Internet...
Thu, 15 Jul 2010
Government Prepares Incentive for Geothermal Entrepreneurs
TEMPO Interactive, Jakarta:The government will provide incentives in the form of free import duty and value added tax (PPN) for companies managing geothermal energy.The policy is a form of government concern on the development of renewable energy.
Thu, 15 Jul 2010
Riau Expo eyes foreign investors
Jakarta (ANTARA News) - Riau Expo 2010 will be conducted in the city of Pekanbaru from August 1 to 9, to attract both domestic and foreign investors to invest in Riau province."Excellent regional potentials will be promoted during the Expo in a bid to net both domestic and foreign...
Tue, 13 Jul 2010
U.S. eyes geothermal for Exim Bank's $1 bln Indonesia credit
JAKARTA (Reuters) - Part of a $1 billion credit facility backed by the Export-Import Bank of the United States (Exim Bank) for Indonesia should be used to help develop clean energy projects such as geothermal power, a senior U.S. official said on Monday.The U.S.
Tue, 13 Jul 2010
Indonesia Wants to Be Biggest Seaweed Producer
TEMPO Interactive, Jakarta:Indonesia is determined to become the world’s biggest seaweed producer with a production projected at 10 million tons by 2014. According to the Indonesian Seaweed Commission chairman, Farid Ma'ruf, seaweed has the potential to become a select commodity.
Tue, 13 Jul 2010
Immigration to summon sponsor of seven problematic expatriates
Palu, C Sulawesi (ANTARA News) - Immigration authorities will summon the sponsor of seven problematic expatriates arrested in a raid in the Central Sulawesi provincial capital of Palu last Sunday."Their fate will largely depend on the sponsor," Head of the Palu Immigration Quarantine...
Tue, 13 Jul 2010
Target of 5.8% economic growth realistic
Jakarta (ANTARA News) - The government is of the opinion that the target of 5.8 percent economic growth is realistic, although several parties say it can be higher."We set it at 5.8 percent as realistic figure because in the first quarter of this year realization reached 5.
Tue, 13 Jul 2010
Investment board to handle all public-private partnership projects
Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa said all public-private partnership (PPP) invesment projects would be handled by the Capital Investment Coordinating Board (BKPM).
Tue, 13 Jul 2010
New Financing to Help Meet Growing Electricity Demands of Indonesian Economy
Washington DC, July 8, 2010 – The World Bank is set to help Indonesia meet its growing electricity demand and make electricity supplies in Java and south-central Sumatra more reliable, through a newly approved financing package worth US$ 225 million.
Tue, 13 Jul 2010
LG Eyeing Indonesia as Regional Hub?
South Korean electronics giant LG Electronics is considering making Indonesia its manufacturing hub for Southeast Asia, according to Gita Wirjawan, chairman of the Investment Coordinating Board.In an interview late on Sunday after meeting LG executives in Seoul, Gita told the Jakarta Globe that...
Tue, 13 Jul 2010
Industries Shocked by Steep Electricity Hikes
Manufacturers are up in arms over the recent electricity rate hikes, with some saying their rates have doubled and accusing the Energy Ministry and state utility PT Perusahaan Listrik Negara of deceiving them about the true extent of the increase.
Mon, 12 Jul 2010
A Tale of Two Surveys: Polls On Economic Future Differ
Two surveys have given opposing pictures of Indonesian consumer sentiment, with one reporting growing optimism on the back of recent salary bonuses for civil servants, while another showed pessimism as rising food prices discouraged spending.
Mon, 12 Jul 2010
Indonesia to Change the Face of the World
VIVAnews - Vice President Boediono pointed out Indonesia’s crucial role in the next decades to the members of Muhammadiyah on Thursday. According to the economic professor from Universitas Gadjah Mada, Indonesia is in the center of historical movement.
Mon, 12 Jul 2010
Export Business May Apply Transfer Pricing
VIVAnews - The Directorate General of Taxes reveals that companies in Indonesia that administers export trade and controlled from overseas could potentially carry out transfer pricing. The businesses include automotive, mining and palm oil products.
Mon, 12 Jul 2010
Malaysia Interested in Water Factory
TEMPO Interactive, Surakarta:Malaysia plans to invest in building a bottled water factory in Surakarta.The Malaysian International Trade and Industry Committee said this on Wednesday night and they are ready to invest Rp200 billion.
Mon, 12 Jul 2010
Businessmen must calculate impact of electricity price hike
Jakarta (ANTARA News) - Trade minister Mari Elka Pangestu called on businessmen here on Friday to carefully calculate the direct impact of the recent power price hike.She said after attending a meeting on macro-economy led by vice president Boediono "if the average hike is ten percent and the...
Mon, 12 Jul 2010
Star-rated hotels in E Nusa Tenggara see 60.08% occupancy rate
Kupang, E Nusa Tenggara (ANTARA News) - Star-rated hotels in East Nusa Tenggara province saw a more than 4 percent increase in their occupancy rate to 60.08 percent in May from a month earlier.The occupancy rate of star-rated hotels in the province rose to 56.06 percent in March, 56.
Mon, 12 Jul 2010
Bank BNI to focus on favored industries
Jakarta (ANTARA News) - Bank BNI Director Gatot M Suwondo said his bank in the next two years would focus on the financing of favored industries in the regions."We are now studying the conditions of selected industries in every region in the country that we believed could receive our...
Mon, 12 Jul 2010
Bengkulu`s annual CPO production reaches 1.8 million tons
Bengkulu (ANTARA News) - The Sumatran province of Bengkulu is able to produce 1.8 million tons of crude palm oil (CPO) this year, an increase of 25.3 percent from that a year earlier, a regional official said.
Fri, 09 Jul 2010
Indonesia to import 800,000 tons of corn in 2010
JAKARTA, July 9 (Xinhua) -- Indonesia will import 800,000 tons of corn in 2010 to fulfill domestic needs as the country is predicted unsuccessful in meeting its production target, Kompas daily quoted an official as saying on Friday.
Fri, 09 Jul 2010
Indonesia says labour law review may take two years
JAKARTA July 8 (Reuters) - A review of Indonesia's strict labour laws could be completed in one or two years, an official from the manpower ministry said on Thursday, longer than hoped for by investors looking for flexibility in hiring.
Fri, 09 Jul 2010
Swiss-E Java cooperation promotes access to investment
Surabaya, E Java (ANTARA News) - The Swiss Confederation Republic administration has established cooperation with the East Java provincial administration after developing various potentials of businesses by way of investment access facilities.
Thu, 08 Jul 2010
Indonesia Chief Among Countries Limiting Foreign Access to Domestic Markets: World Bank
Washington. The vast majority of countries are missing out on lucrative investment opportunities by limiting foreign companies’ access to their domestic markets, the World Bank said on Wednesday. Nearly 90 per cent of the 87 countries surveyed have laws that bar foreign companies from some...
Thu, 08 Jul 2010
West Lombok Power Plant Project to Be Delayed
VIVAnews - State electricity company PT Perusahaan Listrik Negara (PLN) President Director Dahlan Iskan said the development of steam-powered electricity generator in Jeranjang, West Lombok, West Nusa Tenggara would not be finished until October.
Thu, 08 Jul 2010
Indonesia to scrutinise firms' export earning flows
JAKARTA, July 8 (Reuters) - Indonesia plans to issue new rules this year that will require companies to report where and in which banks they expect to put their export earnings, as it seeks to monitor capital flows and improve tax collection.
Thu, 08 Jul 2010
Indonesian president vows to improve business environment
JAKARTA, July 7 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono Wednesday reassured investors that the country would boost business environment by exercising good governance and strengthening efforts to combat corruption.
Thu, 08 Jul 2010
Switzerland offers SBY contribution in corruption eradication
Jakarta (ANTARA News) - The President of the Swiss Confederation Doris Leuthard has offered a contribution of the Swiss government in corruption eradication in Indonesia."We have a long procedure but we are willing to contribute," President Leuthard said at the Merdeka Palace in Jakarta...
Thu, 08 Jul 2010
Indonesia expects trade with Turkey to double
Jakarta (ANTARA News) - Indonesia expects its trade with Turkey to double to five billion US dollars in the next two years."Our trade volume in 2008, before the crisis, reaches 2.1 billion US dollars.
Thu, 08 Jul 2010
Govt controls imports of cow meat
Jakarta (ANTARA News) - The Indonesian government is controlling imports of cow meat while at the same time increasing domestic production to realize self-sufficiency in the meat supply by 2014."Now the domestic production is improving.
Thu, 08 Jul 2010
RI starts negotiating economic partnership with EFTA
Jakarta (ANTARA News) - The Indonesian government will soon discuss a comprehensive economic partnership agreement with the European Free Trade Association (EFTA) consisting of Switzerland, Norway, Iceland and Liechstentein, a minister said.
Thu, 08 Jul 2010
The Easy Sell of Organics
Emilia Nursanti Wibisono, or Santi, is one of the more well-known proponents of the organic food movement here in Jakarta. Her introduction to organic food came in 2001, when her son, Kay, a toddler at the time, was diagnosed as a special-needs child.
Mon, 05 Jul 2010
Regulation of Property Ownership by Foreigners
Interview: Notary Rainy Hendriany Provides Latest Update on Rules for Land Ownership by Foreigners in Bali, Indonesia.Despite failed promises by the Indonesian government to liberalize the rules on foreign land ownership and expectations that the international real estate conference held in Bali in...
Mon, 05 Jul 2010
Understanding RI’s logistics costs
Indonesian top politicians and policy makers are all talking about our competitiveness in the world market. Some are quoting the results of World Bank’s Logistics Performance Index (LPI) 2007 and 2010, which basically demonstrates the lack of competitiveness in the Indonesian logistics system.
Mon, 05 Jul 2010
Indonesia’s year of living prosperously
Quoting: flingwingThis, then, prompts the question: “how can we convert our long-term, often hard-won knowledge of this place into money now”? so, you want to monetize your experience here? problem is, most newbies coming to this country don't value such experience.
Mon, 05 Jul 2010
Quest for Beauty Provides Plastic Surgery Sector Lift
An increasingly image-conscious Indonesia is seeing a boom in plastic surgery. The industry has enjoyed 400 percent growth over the past five years, according to a representative of the Indonesian Plastic Surgeons Association (Perapi).Dr.
Mon, 05 Jul 2010
Indonesia and Asian Rivals Spy A Chance if Factories Quit China
Labor costs and the value of China’s currency are sending ripples around Asia as countries jostle to lure manufacturers that are rethinking their Chinese operations, analysts and officials said.Worker unrest at foreign-owned factories and the prospect of higher wage costs are causing some...
Mon, 05 Jul 2010
Calls for Australia To Open Fruitgates
The Agriculture Ministry is renewing calls for Australia to open its borders to Indonesian fruit as part of ambitious efforts to grow the country’s tiny fruit export industry by thirtyfold by the end of the year.
Mon, 05 Jul 2010
Indonesia’s year of living prosperously
That article is a veritable tour-de-force of economic history. In it, it states something an investment counselor said: “When we started out in 2003, nobody wanted to look at Indonesia”. For many “old hands” we can go one better.
Sun, 04 Jul 2010
Indonesia’s year of living prosperously
The mineral-rich nation once dominated by a dictatorship may grow faster than Brazil this year. It’s poised to become an emerging-market giant - if it can finally shake off crony capitalism.If al-Qaeda-linked terrorists thought they could drive foreign investors out of Indonesia, they didn’t...
Fri, 02 Jul 2010
Key political risks to watch in Indonesia Factboxes
JAKARTA July 1 (Reuters) - Strong growth and political stability made Indonesia Southeast Asia's most attractive investment destination last year, but the outlook is threatened by a struggle between reformers and powerful vested interests.
Thu, 01 Jul 2010
Trade with China, Indonesia Loses Rp 19 Tn
VIVAnews - The trade between Indonesia and China from January until May this year is believed as causing Indonesia to book losses.Chief of the Central Statistics Agency (BPS) Rusman Heriawan said the losses reached US$2.11 billion.
Thu, 01 Jul 2010
Tax Refunds Prone to Manipulation
TEMPO Interactive, Jakarta:Tax restitutions or the refund of overpayment of taxes is one of the tax services susceptible to manipulation. According to chief of Inspection Strategy at the Tax Directorate General, Tunjung Nugroho, the commonly-used modus is submitting a fake proof of overpaid tax.
Thu, 01 Jul 2010
Indonesia Now on Everyone’s Radar Screen: Consultant
Indonesia is starting to get the attention it deserves and can no longer be ignored by multinational companies seeking growth, according to James Castle, an American business consultant with 30 years experience in the country.
Thu, 01 Jul 2010
Govt to issue new power rates
Jakarta (ANTARA News) - The government will issue energy and mineral resources decree No 7 of 2010 dated June 30, 2010, on new power rates.Minister of Energy and Mineral Resources Darwin Saleh said in Jakarta on Wednesday that the decree will serve as a legal umbrella in the introduction of an...