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Thu, 05 Jul 2007
19 lines of business allowed in certain locations only
Jakarta (ANTARA News) - The government has decided that 19 lines of business are open to investment only in certain locations on the basis of regional administration regulations."This decision is not retroactively applicable, and applied to existing companies and to those whose operating license is...
Thu, 05 Jul 2007
43 lines of business for micro, small and medium businessmen
Jakarta (ANTARA News) - The government has declared 43 lines of business of micro, small and medium entrepreneurs under presidential regulation No 77/2007 closed and open with certain requirements."In addition to lines of business for micro, small and medium intrepreneurs, there is a part of the...
Thu, 05 Jul 2007
Indonesia restricts foreign ownership in booming telcom sector
JAKARTA(AP): Indonesia has set limits on the foreignownership of companies in several sectors it says are key to national security, including cellular and fixed line telecommunications firms, the country's trade minister said Wednesday.
Thu, 05 Jul 2007
New negative investment list 'treading water'
The government has issued its latest so-called negative investment list, which sets out a more comprehensive description of which business sectors are closed to foreign investors.The new list, required under the recently enacted Investment Law, governs a total of 338 business sectors, of which...
Thu, 05 Jul 2007
Indonesia restricts foreign investment
Published: July 4 2007 17:42 | Last updated: July 4 2007 17:42Indonesia on Wednesday announced a 49 per cent foreign ownership cap on companies in sectors such as multimedia, ports, airports, and education.
Wed, 04 Jul 2007
Batam FTZ Considered Not Beneficial
TEMPO Interactive, Jakarta: The Change in Government Regulation (Perpu) No.1/2007, the basis of making Batam a free trade zone (FTZ), is regarded as causing the state to suffer a loss. The reason is, by this regulation, all goods that enter this zone will be free from duty, value-added-tax (VAT),...
Wed, 04 Jul 2007
Batam and Karimun to be fully included in the special economic zone
Batam (ANTARA News) - The government has decided to build Batam and Karimun into a full special economic zone, while Bintan will only be developed into an enclave, the head of the Capital Investment Coordinating Board, Muhammad Lutfi, said here on Tuesday.
Wed, 04 Jul 2007
Indonesia may lose US$444 mln annualy from EU flight ban
Jakarta (ANTARA News/Asia Pulse) - Indonesia will potentially suffer losses of Rp4 trillion (US$444 million) annually in tourism earnings if a plan to ban all local airlines from flying to the European Union (EU) is carried out, according to tour operators.
Wed, 04 Jul 2007
Economist warns govt against favoritism in drawing up DNI
Yoyakarta (ANTARA News) - University of Gajah Mada economist Dr Sri Adiningsih said the government should not show favoritims in selecting areas to be included in the Negative Investment List (DNI)."If the criteria for areas to be included in the DNI have been formulated, the government should be...
Tue, 03 Jul 2007
Entrepreneurs Want New Imported Milk Channel
TEMPO Interactive, Jakarta: Thomas Darmawan, Head of the Indonesian Food and Beverages Entrepreneurs Association, has said he considers that with the milk price increase, now is the right time to open import cooperation with other milk producing countries, in addition to old partners New Zealand...
Tue, 03 Jul 2007
Cosmetic Harmonization Puts Indonesia into Loss
TEMPO Interactive, Jakarta: Head of the Drug and Food Monitoring Agency (BPOM) Husniah Runiana Thamrin Akib is of the opinion that harmonization of cosmetics at the level of Southeast Asian countries tends to cause a loss for Indonesia.
Tue, 03 Jul 2007
Batam FTZ Considered Not Beneficial
TEMPO Interactive, Jakarta: The Change in Government Regulation (Perpu) No.1/2007, the basis of making Batam a free trade zone (FTZ), is regarded as causing the state to suffer a loss. The reason is, by this regulation, all goods that enter this zone will be free from duty, value-added-tax (VAT),...
Tue, 03 Jul 2007
Bakrieland Expands CBD Land Bank
oh those honest Bakrie boys know how to make a deal. It would be nice to see this lot get what they deserve wouldn't it!
Mon, 02 Jul 2007
Jatropha Oil for China Market
Indonesia has plans to expand its area under jatropha cultivation to 1 million hectares, producing roughly around 2.3 million tons of crude jatropha oil annually and is targeting China as a key market, Dow Jones Newswires quoted deputy minister for the development of disadvantaged regions, Tatang...
Mon, 02 Jul 2007
Bakrieland Expands CBD Land Bank
Property developer PT Bakrieland Development said it has bought an additional 8.8 hectares of land in the Rasuna Said business district in South Jakarta, raising its total land ownership in the area to 53.5 hectares, Thomson Financial reported.
Mon, 02 Jul 2007
Australia, Indonesia Consider Trade Deal
Australia and Indonesia are considering a feasibility study into a Free Trade Agreement (FTA) as a way to boost trade between the two countries.Australian Trade Minister Warren Truss warned any deal would be at least two years off.
Mon, 02 Jul 2007
Incitec Mulls Investment in Gasification Plant
Australia's largest fertilizer maker Incitec Pivot Ltd on Tuesday (26/6/07) signed a preliminary agreement with two Indonesian partners to look into the feasibility of investing in a gasification plant to convert coal into synthesized gas, Agence France-Presse reported.
Mon, 02 Jul 2007
Rajawali to Expand CPO, Coal Business
The Rajawali Group is planning to invest $400 million to expand its natural resources business, including bringing a coal mine on-line by the end of the year and more than doubling its oil palm plantations over the next five years, the company's chief executive said Thursday, Dow Jones Newswires...
Mon, 02 Jul 2007
Batam Gets Free Trade Zone Status
The government has decided to give the entire island of Batam in Riau Islands province free trade area status, Asia Pulse reported.Industry Minister Fahmi Idris said after a meeting of economics ministers on Friday (29/6/07) that the decision had been made to give legal certainty for investors in...
Mon, 02 Jul 2007
Non-Oil/Gas Exports to Grow 16% in 2008
The government expects the country's non-oil and -gas exports to grow by up to 16% next year, Trade Minister Mari Pangestu said on Monday (25/6/07), although she warned that performance would depend partly on global demand.
Mon, 02 Jul 2007
Sharp Jump in Project Approvals
The Investment Coordinating Board (BKPM) approved foreign direct investment proposals worth $21.99 billion during the five months to May, up fivefold from a year ago, a senior official of the agency said Friday (30/6/07).
Mon, 02 Jul 2007
Mobile-8 seeks greater market share, expands network coverage
Cellular operator PT Mobile-8 Telecom has gone nationwide to take on its competitors in Indonesia's growing mobile phone market, rolling out its "Fren" brand service outside Java in Medan, Makassar and Denpasar.
Mon, 02 Jul 2007
Negative investment list criticism is 'premature'
The upcoming Negative Investment List has infuriated some foreign investors, who fear they may lose some of their shares and have fewer options for further investment.The list, which should be approved by President Susilo Bambang Yudhoyono in the next two to three weeks, is expected to impose more...
Mon, 02 Jul 2007
ASITA optimistic tourist arrival projection will be met
Medan (ANTARA News) - The Indonesian Tour and Travel Agencies Association (ASITA) is optimistic that this year`s foreign tourist arrival projection at six million would be met following an improved security situation in the country.
Mon, 02 Jul 2007
Ban on RI airlines to EU deals blow to tourism sector
He don't fly Indonesian airlines, so he's not worried. But some folk are miffed:EU`s flight ban begins showing impact on IndonesiaBy Andi Abdussalam07/02/07 00:54Jakarta (ANTARA News) - Indonesia begins to feel the impact of the European Commission`s plan to ban Indonesian airline companies from...
Sun, 01 Jul 2007
Ban on RI airlines to EU deals blow to tourism sector
While Australia, often fond of kowtowing to demonstrate its keen understanding of Javanese mateship values, seems to have already forgotten this year's Garuda crash in Yogya:AAP -- Garuda to remain in Australian airspaceIndonesia's national carrier Garuda Airlines will continue to fly in Australian...