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Sat, 15 Aug 2009
Small Businesses Say Jakarta Zoning Enforcement May Push Them Out
In a city known for its chaotic, unplanned growth, an apparently sudden conversion of the Jakarta administration to the merits of urban planning and the enforcement of zoning rules has small businesses in residential areas both up in arms and worried about the future.
Sat, 15 Aug 2009
Morgan Stanley Expecting Rupiah Reversal; Bank Indonesia Disagrees
The central bank and two economists on Friday cast doubt on a report from financial-services firm Morgan Stanley that predicted the rupiah would slump to 11,000 to the dollar by the end of the year.Stewart Newnham, Morgan Stanley’s Hong Kong-based currency strategist, wrote in a research report...
Fri, 14 Aug 2009
RI not an 'export-oriented' country: President
''It is the domestic market, not the export market, that currently offers the most viable opportunities,'' says President Susilo Bambang Yudhoyono in his state of the nation address Friday."The economic growth (principle) we uphold is that of growth and equality to bring justice along with...
Fri, 14 Aug 2009
Bridge over the Sunda Strait will Stimulate Economy Growth in Banten and Lampung
The Banten Provincial Government is optimistic that the bridge over Sunda Strait will raise economic growth by between 2 and 8 percent.The Banten Governor, Ratu Atut Chosiyah, said that the bridge would have an important role in improving economic growth in Banten and Lampung.
Fri, 14 Aug 2009
President : RI should strengthen domestic economy, market
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono stressed here Friday that Indonesia should strengthen its domestic economy and domestic market."In the future we have to strengthen the domestic economy, the domestic market and we should never become dependent on potential exports as...
Fri, 14 Aug 2009
Most SEZ workers live in slums
Over 90 percent of the 350,000 workers employed in Batam, Bintan and Karimun Special Economic Zones (SEZ) in the Riau Islands province have no access to adequate housing and live in slum areas.Head of the provincial manpower agency Azman Taufik said most workers could not afford to rent apartments,...
Fri, 14 Aug 2009
Smuggled electronics continue to control RI market
Mustaqim Adamrah, The Jakarta Post, JakartaSmuggled electronics have continually increased their grip on the domestic market in the last five years and may continue to beat local manufacturers due to “minimum effort in law enforcement”.
Fri, 14 Aug 2009
Regulation extension sought to curb smuggling
for the uninitiated, KADIN and the Dept of Trade are using SNI ("Indonesian National Standards") as a protectionist measure.
Fri, 14 Aug 2009
Regulation extension sought to curb smuggling
Mustaqim Adamrah, The Jakarta Post, Jakarta The Indonesian Chamber of Commerce and Industry (Kadin) is calling on the government to extend a regulation on the terms and conditions of particular imported products and impose the mandatory implementation of Indonesian National Standards (SNI) on them...
Fri, 14 Aug 2009
U.S. grant backs Indonesia ethanol production study
The U.S. Trade and Development Agency awarded a $320,924 grant to PT Medco Downstream Indonesia on Wednesday to fund a feasibility study for a sweet sorghum-based ethanol production facility in Papua Province.
Thu, 13 Aug 2009
New system to smooth flow of goods: Customs
The customs and excise office has prepared a new system to ensure a smoother flow of goods as part of its aim to cut high-cost economy as often complained by businesses.The system, named the Customs Advance Trade System (CATS), is an integrated national logistics system, which jobs is to expand...
Wed, 12 Aug 2009
Nalco smelter construction may face delay
India’s state-run National aluminium Company (Nalco) may postpone the construction of an aluminium smelter in Indonesia due to problems in securing coal supplies for power generation, an official said Tuesday.
Wed, 12 Aug 2009
Barriers to renewable energy development
Energy Law has been promulgated and has set the direction of our future energy policies. The government is committed to increasing our primary energy portfolio from the current 4.5 percent of energy used from renewable resources and low carbon sources, to over 17 percent by 2025.
Wed, 12 Aug 2009
Carrefour Says French Embassy to Help Resolve Dispute Over Closed Market
The French Embassy has been enlisted to help PT Carrefour Indonesia resolve disputes that have led to the closure of one of its Jakarta stores and a threat to close a Palembang outlet, a company lawyer said on Tuesday.
Wed, 12 Aug 2009
Hess Indonesia Says It May Have Struck Huge Gas Reserve
PT Hess Indonesia said it believed it has found a huge gas reserve in the Semai V field in the Arafuru sea off Papua.The Semai V field may hold gas reserve as big as that of Tangguh, Hess operation superintendent Joseph Witjaksono said.
Wed, 12 Aug 2009
Apindo: Terrorists` arrests make investors feel safer
Palangkaraya, C Kalimantan (ANTARA News) - The chairman of the Association of Indonesian Businessmen (Apindo), Sofyan Wanandi, said the recent arrests of terrorists had given the investors` community a greater sense of security.
Wed, 12 Aug 2009
CPO Exports From Indonesia Could Grow 10% Under Indian Trade Deal
The volume of crude palm oil exports to India is expected to rise by 10 percent next year, thanks to the Asean-India Free Trade Agreement, according to a commerce promotion body.Under the deal, which is due to be signed at this week’s Asean Economic Ministerial Meeting in Bangkok, India is...
Tue, 11 Aug 2009
Retailers expect a good H2
As the economy improves, modern retailers expect their sales to grow by 15 percent in the second half-year from a year earlier, compared to the 10 percent growth they witnessed between the first six months of 2008 and 2009.Between January and June 2009, modern retailers booked Rp 30.
Tue, 11 Aug 2009
Indonesia's Texas? Rural Java braces for oil boom
I reckon Texans and Indonesians do have a few things in common though.
Tue, 11 Aug 2009
Statistics: Economic Growth Hits 4 Percent
TEMPO Interactive, Jakarta: National economic growth in the second quarter this year hit the highly expected four percent the statistics agency claimed on Monday. The agency said the economy rose by 4 percent year on year and about 2.3 percent from the previous quarter.
Tue, 11 Aug 2009
Indonesia's Texas? Rural Java braces for oil boom
i could speculate that there may be a few too many newbie american sub-editors at the Globe. i shall stand corrected.
Tue, 11 Aug 2009
Indonesia's Q2 Domestic Growth Slows To 4%, but Still Leads Region
The domestic economy grew at a slower pace in the second quarter of this year, in line with expectations and largely due to falling exports and declining private consumption, although by global standards the country remained among the world’s best-performing economies.
Tue, 11 Aug 2009
Indonesian Economy Shows Fastest Growth in Southeast Asia
Official statistics showed on Monday that Indonesia still had the fastest-growing economy in Southeast Asia, with improving prices for the country’s key export commodities and a robust domestic market credited for the good result.
Mon, 10 Aug 2009
Indonesia's Texas? Rural Java braces for oil boom
Sorry, but what a lousy way to frame Cepu. Indonesia's Texas? That's just daft in so many ways.
Mon, 10 Aug 2009
Indonesia's Texas? Rural Java braces for oil boom
BOJONEGORO, Indonesia (Reuters) - Few things seem to happen at speed in this sleepy Java town where rickshaws ply the streets. But this rural area of rice fields and teak forests is set to be transformed by Indonesia's biggest oil find in years.
Mon, 10 Aug 2009
ANZ targets big growth in Indonesia
Australia and New Zealand Bank (ANZ)expects the bulk of its business here to come from institutional, retail and wealth banking, following its acquisition of Royal Bank of Scotland's (RBS) local assets.
Sat, 08 Aug 2009
Jakarta plans palm oil exchange
Indonesia is launching a commodities exchange to trade crude palm oil and other raw materials, in a fresh sign of Asian emerging countries following the path of independent projects in Singapore and Hong Kong.
Sat, 08 Aug 2009
Demand for condominiums and office space to rise
Hendra Hartono, Consultant The domestic property market has slowed down amid the global financial slump, with industry players erring on the side of caution as they anticipate the prevailing situation will last a while longer.
Sat, 08 Aug 2009
Trade Ministry to spread ‘virus K’
Jakarta has a new virus fully supported by the government.“We call it virus K or the creative virus. We hope this virus will infect people in Indonesia to be more creative in order to develop creative industry in the country,” Trade Minister Mari Elka Pangestu told journalists during a press...
Sat, 08 Aug 2009
RI, India committed to leveraging two-way direct investment, trade
The governments of Indonesia and India have pledged to increase foreign direct investment in each other's countries and bilateral trade to boost both economies.Indian Trade and Industry Minister Jyotiraditya Madhavrao Scindia said Friday the two governments had identified particular industries that...
Sat, 08 Aug 2009
BHP divesting Indonesian assets
Alfian, The Jakarta Post, Jakarta BHP Billiton, the world’s largest mining company, has officially told the government it would divest all of its assets in Indonesia, Energy and Mineral Resources Minister Purnomo Yusgiantoro said Thursday.
Sat, 08 Aug 2009
India will strengthen presence in Indonesia
Indonesia may see more trades and investments from India, one of Asia’s emerging giants, in particular in sectors such as textile and electricity, says the Confederation of Indian Industry (CII) business group.“People are coming … for example, Lakshmi Machine Works [Limited].
Sat, 08 Aug 2009
India Trade Exhibition Opens in Jakarta
TEMPO Interactive, Jakarta: An industry confederation in India began on Friday a trade exhibition in Jakarta joined by 40 indian companies from industries including mining, technology, steel, handicraft, jewelry, financial, information technology, and communication.
Sat, 08 Aug 2009
India Initiates Talk For Electricity and More Textile Investment
TEMPO Interactive, Jakarta: Industry Department held a meeting with a business delegate from India on Thursday prior to the opening of India trade exhibition on Friday to discuss the posibility of investment in power plants and textile machinary.
Thu, 06 Aug 2009
EU grants boosts Indonesia's oil palm exports
The Jakarta Post, OpinionThe Jakarta Post carried an opinion feature by Oxley on Aug. 3 entitled "A new protectionist threat: Anti-growth environmentalism". I wish to take this opportunity to respond.
Thu, 06 Aug 2009
Govt to revise regulations hampering infrastructure development
Jakarta (ANTARA News) - The government is ready to revise a number of regulations considered to have hampered acceleration of infrastructure development in the country."We are going to revise and develop some regulations for the acceleration of infrastructure development," State Minister...
Thu, 06 Aug 2009
Indonesia Inco says nickel mine normal, despite protest
SOROWAKO, Indonesia, Aug 6 (Reuters) - PT International Nickel Indonesia (INCO.JK) said its nickel mine on Indonesia's Sulawesi island was operating normally on Thursday despite road blocks by about 500 villagers protesting over job cuts.
Thu, 06 Aug 2009
Indonesia's Appetite for Credit Cards Still Strong
Credit card use by the nation’s consumers has been little affected by the global financial crisis, with outstanding loans and transaction values showing continued growth, according to the latest data from the Indonesian Credit Card Association.
Wed, 05 Aug 2009
Moratorium on Regional Autonomy
TEMPO Interactive, Jakarta: Government has stopped regional autonomy for the rest of this year until 2010 as most regions with regional autonomy have displayed bad performances.Deputy for Regional Development and Autonomy of National Development Planning Board (Bappenas), Max H.
Wed, 05 Aug 2009
Customs office revokes 5,000 importers' licenses
lucky i have a massive king size jar under lock and key at che chewton
Wed, 05 Aug 2009
Customs office revokes 5,000 importers' licenses
The Directorate General of Customs and Excise has revoked the licenses of 5,086 importers for violating customs regulations as of Aug. 3, an official said Tuesday.“The majority of the importers have not been actually importing goods for the last 12 months, while the rest have violated other...
Wed, 05 Aug 2009
Customs office to strictly select exporters
The Directorate General of Customs and Excise will start tightening the registration of exporters in the country in 2010.“The stricter registration is important to boost income and to implement the World Exporters Organization regulations which Indonesia, as a member, has to uphold,”...
Tue, 04 Aug 2009
Peugeot plans to resume production in Indonesia
Quoting: Derek GratisThey're gonna need that new plant to keep up with demand from Chewwy's missus. Goes through Peugeots like whisky colas she does... Never a truer word,... said in jest
Tue, 04 Aug 2009
Peugeot plans to resume production in Indonesia
At least the parts will be cheaper!
Tue, 04 Aug 2009
Peugeot plans to resume production in Indonesia
They're gonna need that new plant to keep up with demand from Chewwy's missus. Goes through Peugeots like whisky colas she does...
Tue, 04 Aug 2009
China automaker to set up assembly plant
China-based automotive manufacturer Beiqi Foton Motor plans to set up an assembly plant in Indonesia to support its aim to enter the Asia Pacific market, Xinhua reported on Tuesday.Dong Haiyang, vice president of Beiqi Foton Motor Co. and general manager of Foton International Trade Co. Ltd.
Tue, 04 Aug 2009
Peugeot plans to resume production in Indonesia
French automaker Peugeot is considering resuming car production in Indonesia, Peugeot's Indonesian partner said on Thursday."We plan to set up an assembling plant in Indonesia. The plant would commence operation no later than 2012," Constantinus Herlijoso, president director of Astra...
Tue, 04 Aug 2009
Trans Java an economic necessity
Some time ago policy makers in this country identified the need to develop a framework for the Trans Java Highway Network: a high standard toll-way connecting cities along the North Coast corridors of Java Island.
Tue, 04 Aug 2009
Indonesians optimistic on economy, U.S. gloomy: survey
SINGAPORE (Reuters Life!) - Indonesians are the most optimistic that their economy will get better, while the French, British and Americans are the most pessimistic, a survey by market research firm Synovate showed on Monday.
Mon, 03 Aug 2009
Indocement to invest US$80 mln in expansion
Jakarta (ANTARA News/Asia Pulse) - Indonesia's second-largest cement maker PT Indocement Tunggal Prakarsa (JSX:INTP) will invest US$80 million this year.Part of the funds will be used to build a cement mill now under construction in Cirebon, West Java, with a capacity of 1.5 million tons a year.