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Fri, 13 Aug 2010
Singaporean investors pour money into Indonesia to tap commodities
SINGAPORE -- Singapore investors are flocking to Indonesia with an eye to tapping its rich commodity reserves and fast-expanding consumer base.Foreign direct investment (FDI) in the country - once shunned because of its corruption, political unrest and poor infrastructure - rocketed from SG$508...
Fri, 13 Aug 2010
Jakarta’s chance to lead fashion for faithful
Models present creations by Indonesian designer Ian AdrianThe fashion models lounged in the public hallway of a Jakarta retail mall in hot pants, batting false eyelashes and adjusting their hairdos.Minutes later, they hit the catwalk wearing headscarves and covered by full-length prayer gowns in an...
Fri, 13 Aug 2010
Indonesia plans to give incentives for investment in 5 provinces
JAKARTA, Aug. 13 (Xinhua) -- The Indonesian government plans to provide fiscal incentives for investment in five provinces in the sectors of agriculture, oil and gas, a paper reported here Friday.Industry Minister Mohamad S.
Fri, 13 Aug 2010
Indonesia to build a new container port
Indonesia’s state port firm will start building a new container terminal in Jakarta this year to cope with overflowing volumes at the main shipment hub in Indonesia’s capital as trade grows.The first phase of the 22tn rupiah ($2.
Fri, 13 Aug 2010
Indonesia hopes exports to rise by end of 2010
Jakarta (ANTARA News) - Industry Minister MS Hidayat hoped Indonesia`s exports could be increased to reduce any trade deficit."China indeed is now the preference for increasing exports of commodities. They now import more than exporting.
Thu, 12 Aug 2010
Massive Papua Food Estate to Serve As Nation’s Bread Basket Launched
Indonesia. Indonesia on Wednesday launched a giant project to create a $5 billion agricultural estate spanning three districts in Papua.The Merauke Integrated Food and Energy Estate program is the latest attempt by the government to gain self-sufficiency in food production, with a longer-term goal...
Thu, 12 Aug 2010
4 New Terminals Center of $2.4b Tanjung Priok Upgrade
Jakarta. The government is planning to pour Rp 22 trillion ($2.46 billion) into expanding the Tanjung Priok port in a bid to speed up the movement of goods.“We will expand the port with four more terminals and hope the groundbreaking on the first one will happen by the end of this year,”...
Wed, 11 Aug 2010
PMorgan Sees Rising Investor Interest in Indonesia, Southeast Asia Stocks
Stock markets in Thailand, Indonesia, the Philippines and Malaysia have been “remarkably resilient” and investor interest may increase, drawn by Southeast Asia’s economic growth and an equities rally, JPMorgan Chase & Co. said.Thailand’s economy is estimated to expand 8.
Wed, 11 Aug 2010
Yahoo’s ‘Serious Investment’ Targets Indonesian Mobile Net Users
Indonesia. The rapid growth of mobile Internet users and the untapped market of people yet to have online access had spurred Yahoo to “seriously invest in Indonesia,” an executive of the Web giant said on Tuesday.
Wed, 11 Aug 2010
Indonesia says restriction on beef imports to protect domestic industry
JAKARTA, Aug. 11 (Xinhua) -- Indonesia's restriction on beef imports is aimed at protecting local breeders, spokesman of Trade Ministry Robert Bintaryo said here Wednesday.The statement was made following a concern from New Zealand over Indonesia's import regulation, which it considers very...
Wed, 11 Aug 2010
Indonesia aiming at soyabean self-sufficiency by 2014
Lahat, S Sumatra (ANTARA News) - Minister of Agriculture H Suswono said that the government is trying to become self-sufficient in soybean by 2014, and develop Lahat in South Sumatra, as its barn.The minister said this in a working visit and soybean grand harvest in Pagarjati village, Kikim Selatan...
Wed, 11 Aug 2010
Marine sector contributes 22 pct to GDP
Jakarta (ANTARA News) - The marine sector contributes nearly 22 percent of the country`s gross domestic product, a marine expert said on Monday night calling on the government to pay more attention to the sector."Based on the results of my calculation, the marine sector contributes 22.
Wed, 11 Aug 2010
Bin Laden group postpones investment in SE Sulawesi
Kendari, South East Sulawesi (ANTARA News) - Saudi Arabia`s Bin Laden Group has postponed its plan to invest in South East Sulawesi as a consequence of the global financial crisis last year, the region`s governor said.
Wed, 11 Aug 2010
Rupiah`s appreciation weakens furniture exports
Jakarta (ANTARA News) - The appreciation of the rupiah which now has reached Rp8,900 per US dollar is weakening the competitiveness of furniture industry and handicraft products, a furniture businessman said.
Tue, 10 Aug 2010
Indonesia and Turkey Beat Investors’ Expectations by Outperforming BRICs
Jakarta. Indonesia and Turkey are outpacing the biggest emerging markets by almost any financial measure, even while they may be too small to join the BRICs.Indonesia’s equity index has climbed 21 percent this year and Turkey’s rose 13 percent, both hitting all-time highs on July 29.
Tue, 10 Aug 2010
Hotel Business in Yogyakarta is Promising
TEMPO Interactive, Yogyakarta:Hotel business in Yogyakarta continues to grow. Every holiday season, many tourists cannot find hotel accommodations. “The business is promising,” said the Yogyakarta branch of the Indonesian Hotel and Restaurants Association secretary, Deddy Pranowo Eryono, during...
Tue, 10 Aug 2010
Bali`s hotel occupancy rate up 4.17 pct
Denpasar, Bali (ANTARA News) - The average occupancy rate of hotels in Bali in June was 64.56 percent, or an increase of 4.17 percent compared with that in the previous month which was 60.39 percent, a statistics official said.
Tue, 10 Aug 2010
Bali`s imports reach US$136.91 million
Denpasar, Bali (ANTARA News) - The value of Bali`s imports in the second quarter of 2010 increased 242.34 percent to US$136.91 million from US$39.99 million in the same period a year earlier, a statistics official said."The imports in the second quarter also increased 207.35 percent from US$44.
Mon, 09 Aug 2010
Investment, Consumption Fuel Faster GDP Growth
Singapore. Indonesia’s economy grew at a better-than-expected 6.2 percent in the second quarter of 2010 from the same period a year ago, thanks to strong investment, exports and steady household spending, fueling predictions that more than 6 percent growth can be achieved for the year.
Mon, 09 Aug 2010
Indonesian Study Shows Trade Pact Led to Flood of Chinese Goods
A study by the Indonesian Young Entrepreneurs Association has found that more than 70 percent of products from small- and medium-sized industries sold in Indonesia in the six months to June were imported from China.
Mon, 09 Aug 2010
Indonesian Government Ready to Finalize Land Acquisition Reform
The government plans to finalize a draft bill this week that regulates land acquisition for public purposes. The legislation aims to improve infrastructure and ease traffic flow.The government hoped to present it to the House of Representatives soon, a spokesman for Vice President Boediono said on...
Mon, 09 Aug 2010
Non-oil/gas export growth in 2010 may reach 10 pct
Jakarta (ANTARA News) - Indonesia`s non-oil/gas exports in 2010 had been estimated to reach 10 percent, surpassing the earlier set 7 to 8.5 percent."We have targeted non-oil/gas exports at 7 - 8.5 percent, which may even be more than that," Minister of Trade Mari Elka Pangestu said in...
Sat, 07 Aug 2010
Indonesia’s First 24/7 Business Television Channel Ready for Launch
Jakarta. Media Nusantara Citra, the operator of satellite-TV provider Indovision, on Monday will launch MNC Business, Indonesia’s first channel offering 24-hour business and financial news.According to MNC Business project director Arief Suditomo, the channel is “Indonesia’s answer to foreign...
Sat, 07 Aug 2010
Indonesia Takes on an Attractive Sheen
JAKARTA - After years of being known for inefficiency, corruption and instability, Indonesia is emerging from the global financial crisis with a surprising new reputation - economic golden child.The New York TimesThe country’s economy, the largest in Southeast Asia, grew at an annual rate of 6.
Sat, 07 Aug 2010
Govt to raise tourist arrival to target to 7.6 mln
Jakarta (ANTARA News) - The government will increase its foreign tourist arrival target from 7 million this year to 7.6 in 2011, Marketing Secretary of the Tourism Directorate General Noviendi Makalam said.
Sat, 07 Aug 2010
Singapore opens consulate in Batam
SINGAPORE: Singapore's Minister for Foreign Affairs George Yeo visited Batam on Friday for the official opening of the Singapore Consulate in Batam.The consulate in Batam is Singapore's third representation in Indonesia.
Thu, 05 Aug 2010
President : decentralization intended to optimize development in regions
Bogor, West Java (ANTARA News) - President Susilo Bambang Yudhoyono said Indonesia had adopted the decentralization or regional autonomy concept in order to optimize development in each and every region as mandated by the reform movement.
Thu, 05 Aug 2010
Italy third biggest European investor in Indonesia
London (ANTARA News) - Italy is the third biggest European investor country in Indonesia after Britain and the Netherlands with an investment value of US$4.05 million in the first quarter of this year, a diplomat said."Italy`s investment of US$4.
Thu, 05 Aug 2010
President backs idea to make Morotai special economic zone
Ternate, N Maluku (ANTARA News) - President Susilo Bambang Yudhoyono has thrown his weight behind the North Maluku provincial government`s wish to turn Morotai Island into a special economic zone.Addressing a ceremony marking the relocation of North Maluku`s provincial capital from Ternate to...
Wed, 04 Aug 2010
Design is the Weakness of Furniture Products
TEMPO Interactive, Surakarta:Furniture craftsmen in Surakarta have so far been relying on the designs made by foreign buyers. “From 218 furniture businessmen in Surakarta, only 10 percent design their own products,” said the Surakarta Indonesian Furniture Association chief in charge of Raw...
Wed, 04 Aug 2010
China's CIC may invest up to $25 bln in Indonesia
JAKARTA, Aug 3 (Reuters) - China Investment Corp (CIC) may invest up to $25 billion in Indonesia, a minister of Southeast Asia's biggest economy said, a move that will help the fund secure resources in a country hungry for foreign financing.
Wed, 04 Aug 2010
Corruption, Maze of Rules Hinder British Investment
Jakarta. Indonesia could be a prime target for UK investment if it cleared some pitfalls, British Ambassador Martin Hatfull said on Tuesday.The government must overcome corruption, confusing regulations and impediments like the negative investment list if it wanted to realize its full potential as...
Tue, 03 Aug 2010
Manpower minister promises to rearrange outsourcing system
Minister of Manpower and Transmigration Muhaimin Iskandar promised on Monday to rearrange existing outsourcing work contract system because the system was considered to cause losses on the part of the workers.
Tue, 03 Aug 2010
Key political risks to watch in Indonesia
JAKARTA Aug 2 (Reuters) - Indonesia is attracting enormous emerging market investor interest, partly thanks to President Susilo Bambang Yudhoyono's market-friendly reforms.That trajectory, however, is imperilled by vested interests who stand to lose out if measures aimed at increasing transparency...
Tue, 03 Aug 2010
Japan to Build Biofuel Plant in East Java
TEMPO Interactive, Jakarta: Japan has pledged a US$16 million assistance in form of machinery, equipments, and working capital for Indonesia to develop biofuel production of byproducts from sugar industry in the country, the Industry Department said, which is expected to pave way for a similar...
Tue, 03 Aug 2010
Maluku Expo serves as investment gate
Ambon, Maluku (ANTARA News) - The Maluku Expo 2010 will benefit Maluku province and could serve as a gate for the entry of investment for its economic development, a vice minister said."The presence of 169 handicraft product stands in the Maluku Expo arena is proof the rapid growth of...
Tue, 03 Aug 2010
Lampung`s seaweed exports down
Bandarlampung (ANTARA News) - Lampung province`s seaweed exports over the past six months were recorded at US$6,225 only with a volume of 34.86 tons."The seaweed exports declined both in term of values or volumes respectively by 94.12 percent and 59.
Tue, 03 Aug 2010
Bali exports 7.1 tons of coffee
Sunday, August 1, 2010 16:20 WIB | Economic & Business | | Viewed 448 time(s)Denpasar, Bali (ANTARA News) - The Indonesian tourist resort province of Bali exported 7.1 tons of coffee worth US$58,645 in the five period of January-May 2010, a regional government spokesman said.
Tue, 03 Aug 2010
Indonesia exports down 2.87 pct in June
Jakarta (ANTARA News) - Indonesia`s exports in June 2010 fell 2.87 percent to US$12.29 billion from a month ago on a decline in oil and gas exports, the Central Statistics Agency (BPS) said.However, compared to the same period last year, Indonesia`s exports in June 2010 rose 31.
Tue, 03 Aug 2010
Tourist arrivals up 14 pct
Jakarta (ANTARA News) - More than 3.38 million foreign tourists visited Indonesia in the first half of 2010, up 14 percent from the same period last year, the Central Statistics Agency (BPS) said.In June 2010 alone, more than 613.4 thousand foreign tourists visited the country, an 11.
Tue, 03 Aug 2010
Auto industry grows 26.15 pct in second quarter
Jakarta (ANTARA News) - Indonesia`s auto industry grew 26.15 percent in the second quarter oF 2010 compared to the first quarter, according to the Central Bureau of Statistics (BPS).The auto industry`s growth in the second quarter of 2010 was higher than the average growth of medium and big...
Tue, 03 Aug 2010
Rupiah Blamed for Slowdown In Exports
The country’s exports for June slowed partly as a result of the stronger rupiah and a fall in some commodity prices, analysts have said.The Central Statistics Agency (BPS) announced on Monday that exports for June were worth $12.29 billion, a 31 percent increase year-on-year.
Tue, 03 Aug 2010
Trade With Malaysia Bouncing Back To Pre-Crisis Levels, Minister Says
Jakarta. Indonesian Trade Minister Mari Elka Pangestu is optimistic two-way trade with Malaysia will rebound to $15 billion this year - its level before the global financial crisis - thanks to strong commodity prices and the improving economies of both countries.
Mon, 02 Aug 2010
Improving Services for Domestic Connectivity
The Indonesia Services Dialogue is an informal forum to discuss and consider ways to increase growth and efficiency in the Indonesian Services sector. The debate includes government policy makers, regulators, and services providers and users from the business community.
Sun, 01 Aug 2010
Chinese enterprises contribute to Indonesia's economy, society
JAKARTA, Aug. 1 (Xinhua) -- Along with the implementation of " going out" strategy, there has been more than 700 Chinese enterprises registered in Indonesia, contributing a lot to Indonesia's economy and society.
Sun, 01 Aug 2010
Minister : Maluku`s fishery potential can boost its economy
Ambon, Maluku Province (ANTARA News) - Maluku`s fishery potential can boost the province`s s economy, said Fisheries and Marine Affairs Minister Fadel Muhammad."The fishery potential existing in Maluku must be used to support the economy of this region in particular and Indonesia in...
Sun, 01 Aug 2010
Indonesia offers tremendous business opportunities for M`sian firms
Kuala Lumpur (ANTARA News/Bernama) -- The Malaysia External Trade Development Corporation (Matrade) recently concluded a specialised marketing mission to Jakarta and found tremendous business opportunities for Malaysian construction companies.
Sun, 01 Aug 2010
Darmin: Currencies appreciate because Asian economies improving
Jakarta (ANTARA News) - Bank Indonesia governor Darmin Nasution said Asian currencies are appreciating including the rupiah because economic growth in the region is better than in the US."This is more because data about the US economy are not as good as expected by main players and analysts...
Sun, 01 Aug 2010
Customs, excises agency continuously reforming itself
Jakarta (ANTARA News) - The Customs and Excises Directorate General is continuously reforming itself in order to optimize state revenue, its chief said."We have been continuously implementing bureaucratic reform since 2007, and we do it systematically.