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Fri, 29 Jul 2011
Pelindo to set up consortium to build West Pacific Port
Jakarta (ANTARA News) - State-owned PT Pelabuhan Indonesia (Pelindo) II plans to set up a consortium to build West Pacific Port in Sorong in the eastern province of Papua with an investment of around Rp1 trillion.
Fri, 29 Jul 2011
Krakatau Steel invests trillions of rupiah
Cilegon (ANTARA News) - State-owned steel manufacturer PT Krakatau Steel (KS) has again invested trillions of rupiah after establishing a joint venture with a Korean steel plant, Posco."Besides developing and revitalizing the Krakatau-Posco enterprise, we are also building a 1.
Tue, 26 Jul 2011
Coal India says seeking govt nod for 30 pct in Indonesia mine
(Reuters) - Coal India , the world's largest coal miner, is seeking approval from the Indian government to buy a 30 percent stake in a coal asset in Indonesia, its chairman said on Monday, but declined to give specific details on the possible investment.
Tue, 26 Jul 2011
Soekarno-Hatta International Airport Overhaul Planned
TEMPO Interactive, Jakarta:Work to turn Indonesia's Soekarno-Hatta International Airport into a world-class international gateway by 2014 will begin early next year, initially with the drafting of the grand design.
Tue, 26 Jul 2011
BKPM optimistic Rp240 tln investment target to be reached
Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) is optimistic its investment target of Rp240 trillion for this year can be achieved although the first-semester investment inflows reached Rp115.6 trillion or 48.16 percent.
Tue, 26 Jul 2011
Chinese state-owned company to build ferronickel industry in Kalimantan
Kotabaru, South Kalimantan (ANTARA News) - Chinese state-owned company Dafeng Port Group plans to set up a ferronickel industry in Kotabaru, South Kalimantan with a production capacity of 200 million metric tons a year.The president director of Dafeng Port Group Co. Ltd.
Tue, 26 Jul 2011
Nissan to invest US$312 million in expansion
Jakarta (ANTARA News) - PT Nissan Motor Indonesia (NMI) plans to invest US$321.5 million to increase the production capacity of its plant in Indonesia to 180,000 units a year from presently 50,000."The expansion is expected to finish in 2013," its president director, Takayuki Kimura, said...
Thu, 21 Jul 2011
Exports Indonesia: Three Things Indonesia Needs to Do To Start Competing With Regional Rivals
At the World Economic Forum in Jakarta this month, countries were urged to pursue increasing economic openness and competitiveness to drive new growth in Asia. For a country like Indonesia, which has concentrated on an ever-expanding domestic market, the forum was a timely call for a review of...
Tue, 19 Jul 2011
Tax drama in Indonesia
JAKARTA - A long-running tax saga is keeping this summer's Hollywood blockbusters out of Indonesian cinemas and drawing new negative attention to the country's often dysfunctional and corrupt regulatory environment.
Tue, 19 Jul 2011
Purwakarta Projects New Investments of Rp100 Trillion
TEMPO Interactive, Purwakarta:Purwakarta regency government is optimistic about achieving its Rp100 trillion investment target. Last year, investments were only Rp50 trillion, while up to mid-July this year investments reached Rp60 trillion.
Tue, 19 Jul 2011
Indonesia appoints auditors for green palm oil body
(Reuters) - Indonesia is forging ahead with its own green palm oil body to regulate and punish firms that do not adhere to environmental standards.About a dozen independent auditors for the Indonesia Sustainable Palm Oil (ISPO) standard have been appointed, Gamal Nasir, Director-General of...
Tue, 19 Jul 2011
RI investment in Egypt increases to US$270 million
Cairo (ANTARA News) - Indonesia`s investment in Egypt increased drastically over the past five years to US$270 million while the figure in the 1970-2006 period was only USU$109.31 million, an Indonesian embassy official said.
Mon, 11 Jul 2011
S Kalimantan`s exports increase sharply
Banjarbaru, S Kalimantan (ANTARA News) - South Kalimantan`s non-oil/non-gas exports in the first half of 2011 rose significantly to Rp3.99 billion from Rp2.6 billion in the same period last year.South Kalimantan`s exports grew by an average of 25.
Mon, 11 Jul 2011
Japan interested in building tuna processing plant in Malang
Malang, E Java (ANTARA News) - An Osaka businessman said he became interested in building a tuna processing plant in Malang regency, East Java.The Indonesian Consul General in Osaka Ibnu Hadi when accompanying a group of Japanese businessmen in Malang on Friday said besides the plan to build a tuna...
Mon, 11 Jul 2011
Investment on MP3EI projects worth Rp55.01 trillion
Jakarta (ANTARA News) - The investment made on 19 projects in the framework of the Master Plan for Acceleration and Expansion of Indonesia`s Economic Development (MP3EI) in the first semester of 2011 was recorded at Rp55.01 trillion, a minister said.
Fri, 08 Jul 2011
Vietnam Eyes Indonesian Coal as Own Supply Dwindles: Minister
From: The Jakarta GlobeHanoi. Vietnam, a coal exporter, is projected to import 6.5 million tons of the fuel annually by 2015 as its domestic supply dries up, a minister said.This followed the first import of nearly 10,000 tons of Indonesian thermal coal this year as Vietnam grapples with a rising...
Fri, 08 Jul 2011
Indonesia, EU cooperate to boost capacity in aviation industry
JAKARTA,(Xinhua) Indonesian Transport Ministry Freddy Numberi said on Thursday that Indonesia and European Union (EU) have recently signed a deal to cooperate on aviation industry to boost the capacity in the sector.
Fri, 08 Jul 2011
International cocoa conference to be held in Bali
Nusa Dua, Bali (ANTARA News) - The 5th Indonesian International Cocoa Conference (IICC) and Dinner 2011 will be held in Nusa Dua, Bali, on July 7 and 8, 2011.Organizing committee chairman Antonius Pasaribu said here on Wednesday that the conference would discuss the latest cocoa industrial...
Wed, 06 Jul 2011
Indonesia Energi Mega Boosts Oil Production
VIVAnews - PT Energi Mega Persada pushed oil production by 1,942 barrels of oil per day from the Malacca Strait PSC Block in Riau, Sumatra.According to Energi Mega President Director, Imam Agustino, the additional production is supplied by MD-03 offshore well, which is part of Mengkapan oil field.
Wed, 06 Jul 2011
China to build four cement factories in Indonesia
China to build four cement factories in IndonesiaJakarta (ANTARA News) - China is planning to construct four cement factories in Kalimantan and Papua with a total investment of 2.35 billion US dollars.A memorandum of understanding (MoU) on the cement factories development plan was signed by the...
Wed, 06 Jul 2011
Malaysia wishes to invest in South Lampung plantations
Kalianda, Lampung (ANTARA News) - The Agricultural Development Agency of Negeri Perak, Malaysia, is interested in investing in coconut plantations in South Lampung regency.South Lampung regency administration secretary Sutono said here Friday that they wished to know the potential of coconut...
Wed, 06 Jul 2011
Foreign tourist arrival in Bali up 6.61 pct
Denpasar, Bali Province (ANTARA News) - Bali Island has attracted over 1.05 million foreign tourists during the first five months of 2011.During January-May 2011, Bali received a total of 1,05 million foreign tourists, up 6.
Wed, 06 Jul 2011
Govt discussing tax holiday for investors
Jakarta (ANTARA News) - The government is considering granting a tax holiday to investors who participate in the implementation of the Master Plan for Indonesian Economic Development and Expansion (MP3EI), a minister said.