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Tue, 07 Jul 2009
Indonesia mining sector faces election risks
JAKARTA, July 7 (Reuters) - Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by politicians ahead of Wednesday's presidential election has hardly helped.
Tue, 07 Jul 2009
Tourism industry grows 1.69%
The tourism industry grew around 1.69% from January to May, with foreign tourist arrivals reaching 2.4 million, up 40,098 from the same period last year, giving optimism that the target for the Visit Indonesia Year 2009 of 6.5 million foreign tourist arrivals would be achieved, Antara reported.
Tue, 07 Jul 2009
Polish businesses eye Indonesia as business base
A number of Polish businesses are considering making Indonesia a base for their business activities, a Polish diplomat said, Asia Pulse reported.Damian Irzyk, economic affairs chief at the Polish Embassy in Jakarta, said on Thursday Indonesia was now seen as being on equal footing with other Asian...
Tue, 07 Jul 2009
$153M likely for electronics, IT industries: Ministry
Five foreign producers of electronic and information technology products plan to invest around $153 million in Indonesia this year, the Industry Ministry said, Asia Pulse reported.South Korea's Yu Won and Samsung through its local unit PT Samsung Electronic Indonesia, plan to build cellular phone...
Tue, 07 Jul 2009
Investment cluster proposed for C., E. Java
East and Central Java administrations have announced plans to develop their northern and southern border areas to improve domestic and foreign investment, an official said Thursday, The Jakarta Post reported.
Tue, 07 Jul 2009
Govt to make Lombok island world tourist destination
Quoting: Derek GratisQuoting: biznewsRegarding human resources the minister said that "it is our task to develop them. It will be a hard task and therefore we must work hard for it." (*) Looks like old Lombers will remain unsullied by mass tourism then.
Tue, 07 Jul 2009
Govt to make Lombok island world tourist destination
Quoting: biznewsRegarding human resources the minister said that "it is our task to develop them. It will be a hard task and therefore we must work hard for it." (*) Looks like old Lombers will remain unsullied by mass tourism then.
Tue, 07 Jul 2009
Investment reaches US$7.3b in first semester
Total investment of US$7.3 billion (inward and domestic) in the first semester indicated brighter prospects, although lower than figures for last year, the Investment Coordination Board (BKPM) says.BKPM chairman Muhammad Lutfi said Monday that the figure for inward investment was 27 percent up from...
Tue, 07 Jul 2009
Govt to make Lombok island world tourist destination
Mataram, (ANTARA) - The Indonesian government plans to turn Lombok island in West Nusa Tenggara into a world-class tourism destination by 2012 with the target of drawing a million tourist arrivals.Culture and Tourism Minister Jero Wacik made the statement here on Monday during the launching of the...
Tue, 07 Jul 2009
Indonesia to boost exports to China
Jakarta (ANTARA News) -The Ministry of Trade will try to boost the country`s exports to China by having 80 Indonesian companies take part in an international exhibition, the China Asean Expo, in Naning, Guangxi, China in October 2009.
Tue, 07 Jul 2009
Car sales in Indonesia down 28% in first half of 2009
Jakarta (ANTARA News/Asia Pulse) - Car sales in Indonesia plunged 28 per cent to 209,679 units in the first half of 2009 from 292,670 units in the same period last year on price hikes.All car makers in Indonesia raised their prices early this year, forcing consumers to delay plans to buy new cars,...
Tue, 07 Jul 2009
Public Companies not to be in Negative Investors List
TEMPO Interactive, Jakarta: The Investment Coordinating Board (BKPM) recently announced that public companies will not be included in the government’s list of ‘negative’ investors.This was announced by BKPM chairman, M.
Tue, 07 Jul 2009
BPKM Says Foreign Direct Investment Boosted by Natrindo Telecom Spending
Foreign direct investment realization in the first half of this year rose 20 percent to $5.3 billion from $4.4 billion in the second half of 2008, thanks to large investment in the telecommunications sector, the Investment Coordinating Board announced on Monday.
Tue, 07 Jul 2009
Alcohol: Why Indonesia Isn’t Producing Enough (And How to Fix That)
by Dian AriffahmiIndonesia tops a lot of global lists: It is the world’s largest archipelago; it has the world’s largest Muslim population; and, unknown to many, it is also one of the largest importers of alcoholic beverages.
Tue, 07 Jul 2009
Confidence Surveys Suggest Consumers And Businesses See Better Times Ahead
Both consumer confidence and business sentiment continued to improve in June, driven by expectations of increased spending by political campaigns ahead of Wednesday’s presidential election, two polls released on Monday showed.
Mon, 06 Jul 2009
Indonesia Considering Removing Taxes For Refinery Operations
JAKARTA -(Dow Jones)- Indonesia's finance ministry is considering proposals to remove the value-added tax on imported catalysts for refineries, tax on capital goods imports for refineries and providing loan guarantees to refinery developers, the Ministry of Energy and Mineral Resources said in a...
Mon, 06 Jul 2009
Indonesia to clean up timber exports
Indonesia will launch a new system of independent certification for all timber exports to combat widespread illegal logging, the forestry minister said Monday.From September all timber leaving the country must be certified by an independent body of business and NGO representatives, Malam Sambat...
Mon, 06 Jul 2009
Batam Free Trade Zones Will Not Be Reviewed Again
TEMPO Interactive, Jakarta: The government will not review the implementation of the free trade zones (FTZ) in Batam, Bintan, and Karimun again as they are important to increase foreign investment in the area.
Mon, 06 Jul 2009
New regulation ‘favorable but may spark conflicts’
A new regulation which lays down a one-stop service for the processing of investment licenses is a step forward in making Indonesia more attractive, but it also has some potential to spark conflicts.The Indonesian Chambers of Commerce and Industry (Kadin) said last week the presidential regulation...
Mon, 06 Jul 2009
Thirsty for Market Share, Dairy Farmers Mull How to Stem Flood of Milk Imports
It is high time for the domestic dairy industry to put an end the domination of imported milk products by improving its productivity, efficiency and quality, a senior official at the National Dairy Council said on Thursday.
Sun, 05 Jul 2009
Volkswagen to Invest $140 Million in Its First Indonesia Plant
From http://paultan.org/archives/2009/07/03/volkswagen-to-invest-us140-million-in-indonesia/Volkswagen to invest US$140 million in IndonesiaAt first, the figure was said to be about US$47 million, but the latest is a whopping US$140 million! It’s heartbreaking I know but yes, we’re talking...
Sun, 05 Jul 2009
RI facing better economic prospects this year
Jakarta (ANTARA News) - Amid signs of economic recovery, particularly in emerging markets like China, India and South Korea, Indonesia is also facing better economic prospects this year.While the global financial crisis caused the world economy to undergo a minus 1.
Sun, 05 Jul 2009
Call for a Moratorium on New Bali Projects
Local Forum Wants a Moratorium on New Projects Until Bali's New Zoning Law is Finalized.(7/4/2009) The Forum of Concern for the Island of Bali (Forum Peduli Bumi Bali) has called on the government to introduce a moratorium on any new building that will further diminish the island's shrinking land...
Sun, 05 Jul 2009
Bali Tourism Reaps Singular Success in a World Plagued by Economic Woes.
(7/4/2009) The prestigious STR Global - a world leader in benchmarking hotel performance, has singled out Bali's hotel industry as a star performer in a world hotel market currently dominated by under performers.
Sat, 04 Jul 2009
RI to have brighter economic prospects in 2010
Jakarta (ANTARA News) - Indonesia is predicted to have brighter economic prospects next year in 2010 in tandem with the recovery of the world economy on account of the country`s ability to boost its exports, an observer says.
Sat, 04 Jul 2009
Bali`s pearl imports up nearly 100 Percent
Denpasar, (ANTARA News) - Imports of pearls, gems, gold and artificial accessories in the first three months of 2009, increased to US$4.4 million, or up almost 100 percent from 2.4 percent in 2008.The imported jeweleries were usually reexported after being processed in Bali, Gusti Viraguna Bagoes...
Sat, 04 Jul 2009
Number of foreign tourist arrivals in jakarta increases
Jakarta, (ANTARA News) - Th number of foreign tourist arrivals in Jakarta went up 22.32 percent in May 2009 from the previous month.In May 2009, some 124,928 foreign tourists visited Jakarta through the Soekarno-Hatta International Airport, Halim Perdanakusuma air force base airport, and Tanjung...
Fri, 03 Jul 2009
Indonesia's presidential election:More of the same
THERE are myriad reasons why Indonesia’s president, Susilo Bambang Yudhoyono (often called SBY), ought to be worried as the days count down to the country’s presidential election on July 8th. Only a quarter of the measures he promised in 2004 to improve the investment climate have been...
Fri, 03 Jul 2009
Indonesia to settle its Trans Asia road by 2014: Minister
there are two obvious options for where this bridge might be located: one is from just north of Malacca and crosses directly over the strait; distance about 40km; the second is to island-hope from the southern tip of malaysia through the Riau archipelago; largest span there would be 20km.
Fri, 03 Jul 2009
Indonesia to settle its Trans Asia road by 2014: Minister
JAKARTA, July 2 (Xinhua) -- Part of Trans Asia road that passes through Indonesian territory will be completed by 2014, Indonesian Public Works Minister Joko Kirmanto said here. "The trans-Sumatra and trans-Kalimantan roads will be connected by the end of this year.
Fri, 03 Jul 2009
Investment From Overseas Tipped To Plummet 58%
Finance Minister Sri Mulyani Indrawati has forecast that foreign direct investment for 2009 will be $6.2 billion, less than half of last year’s total of $14.87 billion, as companies remain cautious about expansion plans amid the global downturn.
Thu, 02 Jul 2009
Volkswagen to Invest $140 Million in Its First Indonesia Plant
July 2 (Bloomberg) -- Volkswagen AG, Europe’s largest automaker, will spend $140 million in the next two years to build its first factory in Indonesia, where economic growth is helping boost demand.The automaker plans to build a factory that can make 50,000 Touran multi-purpose vehicles a year,...
Thu, 02 Jul 2009
Exports, imports still tough in May
The slump in Indonesia’s exports and imports continued in May, although on a monthly basis imports of raw materials and capital goods now show signs that industrial activities are starting to pick up.
Thu, 02 Jul 2009
Coconut-based industry largely untapped
Quoting: biznewsFrom http://www.iesingapore.gov.sg/Coconut-based industry largely untapped I tapped a pair the other night.
Thu, 02 Jul 2009
Coconut-based industry largely untapped
The Indonesian Coconut Forum (FOKPI) has tied up with the Indonesian Institute of Science to conduct several pilot projects designed to diversify coconut-based products in the hope of developing the largely untapped industry.
Thu, 02 Jul 2009
Riau to develop Indonesia’s first crude palm oil downstream industry
With a plantation area of 1.6 million hectares and production capacity of 5.1 million tons per year, Indonesia’s Ministry of Industry has identified Riau as an ideal place to develop the country’s first downstream industry cluster for the palm oil industry.
Thu, 02 Jul 2009
Aker Solutions Opens Expanded Facility for Surface Products in Indonesia
Aker Solutions has officially opened its significantly modernized and expanded manufacturing facility for surface trees and wellheads in Batam, Indonesia. The expansion is part of Aker Solutions' long-term strategy to increase its presence in the rapidly growing oil and gas markets in the Asia...
Thu, 02 Jul 2009
Realized investment in production forests tops Rp 6.1 trillion in first half
Benget Besalicto Tnb., The Jakarta Post, Jakarta The Indonesian forestry industry could see up to Rp 15 trillion (US$1.5 billion) in investments this year, of which Rp 6.1 trillion has already been realized, a senior Forestry Ministry official said Monday.
Thu, 02 Jul 2009
Time to invest in RI's oil and gas sector
Ridwan Rusli, SingaporeThe sharp increase in crude oil and fuel prices between 2004 and 2008 ended abruptly when crude prices dropped from around US$140 per barrel to $40 as the global financial crisis took hold.
Thu, 02 Jul 2009
Government To Ban Foreign Investments in Cigarette Industry
TEMPO Interactive, Jakarta: Government was pushing to block foreign investment in cigarette industry, as the government is revising regulation on investment.After a meeting to discuss the regulation at the Industry Department on Wednesday Minister Fahmi Idris said “Cigarette industry is on the...
Thu, 02 Jul 2009
RI`s non-oil/non-gas exports down 21.19 pct
Jakarta (ANTARA News) - The Central Bureau of Statistics (BPS) said the country`s non-oil/non-gas exports in the January - May period dropped by 21.9 percent if compared with the same period a year earlier."The exports of animal and vegetable fat/oil group experienced a significant drop by 42.
Wed, 01 Jul 2009
Indonesia's regional leaders attract investors
SOLO, Indonesia (Reuters) - A quiet revolution is under way in Solo, Central Java, and in other parts of Indonesia where local leaders are learning that one way to get re-elected is to take voters and their needs seriously.
Wed, 01 Jul 2009
Canada looks to Indonesia amid global downturn
One of the silver linings of the global economic downturn is the fresh attention given by developed nations to emerging economies, particularly Indonesia, which has proven to be remarkably resilient to the crisis.Outgoing Canadian Ambassador to Indonesia, John T.