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Tue, 12 Aug 2008
Foreign cell phone producers to expand presence in RI
Three cellular phone manufacturers, possibly including world leader Nokia, are constructing plants in Indonesia to take advantage of the rapidly growing industry, an association and a ministry official say.Many of the plants are scheduled to begin operating before the end of this year.
Tue, 12 Aug 2008
Government Allocates Rp19 Trillion for Indonesian Railways
Tuesday, 12 August, 2008 | 14:41 WIBTEMPO Interactive, Bandung: The Government has allocated Rp19 trillion from the state budget for developing Indonesian railways within the next three years.“This is a challenge for the Directorate General of Railways,” said State Minister for State...
Tue, 12 Aug 2008
Trade between China and Indonesia Growing Fast
Tuesday, 12 August, 2008 | 15:00 WIBTEMPO Interactive, Jakarta: Trade between China and Indonesia during the first half of 2008 amounted to a total US$15 billion.Deputy Director for the Shanghai Foreign Economic Relations and Trade Commission Wang Qing Jiang said that trade was growing fast as this...
Tue, 12 Aug 2008
Shopping Centers Await New Electricity Tariff Structure
Tuesday, 12 August, 2008 | 14:43 WIBTEMPO Interactive, Jakarta: Business electricity customers (offices, hotels, and shopping centers) are waiting for the new electricity tariff structure from the Government.
Tue, 12 Aug 2008
Tourism industry mired in poor regulation, infrastructure
Vincent Lingga, The Jakarta Post, JakartaAlthough tourist arrivals in Indonesia increased by a respectable rate of almost 12 percent in the first half of the year to 2.9 million, that record is still far from the target of 7 million visitors set for the Visit Indonesia 2008 campaign.
Tue, 12 Aug 2008
Indonesia and Malaysia Agree to Secure Palm Oil Supply
Monday, 11 August, 2008 | 18:01 WIBTEMPO Interactive, Jakarta:Deputy-Coordinating minister for the economy, Bayu Krisnamurthi, explained that the collaboration will not be in the form of a cartel or a monopoly. “Malaysia and we have common interests,’ he said in Jakarta last week.
Tue, 12 Aug 2008
Singapore Seeks Clarification on Batam’s Status
Monday, 11 August, 2008 | 18:15 WIBTEMPO Interactive, Jakarta:Lee said Singapore and Indonesia have collaborated well in Batam, Bintan and Karimun, islands grouped under the Riau Archipelago. “Certainty on Batam’s status will motivate Singaporean businesspeople to increase investment there,”...
Mon, 11 Aug 2008
Geothermal energy hangs on pricing plan
Alfian, The Jakarta Post, JakartaThe government has said geothermal power will contribute 30 percent to its 10,000 megawatts (MW) electricity program, but investment in the clean energy source is being threatened by an unexpected pricing plan.
Sun, 10 Aug 2008
President Yudhoyono launches energy efficiency movement
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono announced the National Energy and Water Efficiency Movement in the National Monument (Monas) square here on Sunday."We know that oil and fuel are becoming more and more expensive and electricity subsidies are becoming higher and higher.
Sun, 10 Aug 2008
A New Airport for Bali – Let Governor Pastika Decide
Emm, errr, let me guess where the new Airport will be?Where ever the most lucrative offer comes from I would think?http://www.balibs.org/news-update/Police_Chief_Made_Pastika.shtml
Sat, 09 Aug 2008
A New Airport for Bali – Let Governor Pastika Decide
Tourism Minister Wacik Says Egotism Should not Play a Role in Solving Bali's Need for More Airport Capacity.(8/9/2008) Indonesia’s Minister of Culture and Tourism, Jero Wacik, used the opening of the Sanur Village Festival on Thursday, August 7, 2008, to remind that Bali is in need of a new or...
Sat, 09 Aug 2008
S. Korean firms to invest $200m in RI shoes industry Mustaqim Adamrah , The Jakarta Post , Jakarta | Sat, 08/09
Three unnamed South Korean shoemakers are set to invest US$200 million in Indonesia, with two planning to build new factories and the third to expand output of Adidas shoes at its existing site.Eddy Widjanarko, chairman of the Indonesian Shoemakers Association, said Friday the two new factories...
Sat, 09 Aug 2008
More work needed to meet tourism target
The Jakarta Post, Jakarta Indonesia, Southeast Asia's largest economy, has been cashing in from increasing foreign tourist arrivals, thanks to better security, more money on promotion and mushrooming leisure events.Between January and June this year, the country recorded a 11.
Sat, 09 Aug 2008
Tanners group looks to overseas amid shortage
The Indonesian Tanners Association is seeking suppliers to source raw and pickled goat leather and sheep skin from nine countries to compensate for a lack of leather supply in the country.The association's secretary general Agit Punto Yuwono said Friday the grouping was now eyeing at least nine new...
Sat, 09 Aug 2008
A Moratorium on New Hotel Development in Bali.
Bali Tourism Chief Says Bali Has Sufficient Rooms with an Estimated 50,000 Rooms.(8/9/2008) Beritabali.com quotes Bali's Chief of the Provincial Tourism Authority, Gede Nurjaya, as recommending that the City of Denpasar and all regencies in Bali undertake a moratorium on the issuance of new...
Sat, 09 Aug 2008
Corruptive Attitude Remains, Says KPK
Friday, 08 August, 2008 | 19:11 WIBTEMPO Interactive, Jakarta: Members of the Indonesian general public still considers the country has a corruptive attitude despite the existence of the Commission for Eradication of Corruption (KPK).
Fri, 08 Aug 2008
Demand for industrial land robust in H1: Procon
The Jakarta Post, JakartaNet take-up in 36 industrial estates in Greater Jakarta has doubled in the first semester from the previous period, a report by property consultant Procon Indah shows.During the January-June period, 58.
Fri, 08 Aug 2008
Major cities a haven for shopping malls
Jakarta, Surabaya, Medan and Bandung are the most sought after cities for investors seeking to engage in the retail sector, a recent study from property consultant Jones Lang LaSalle reveals.The study, revealed Thursday, suggests that the cities are launch pads for new entrants into the retail...
Fri, 08 Aug 2008
Purchasing power is strong enough to support economic growth
Purbaya Yudhi Sadewa, AnalystThe fuel price hikes in May resulted in double-digit inflation. By July 2008, the year-on-year inflation rate had reached 11.97 percent.Some analysts might have contended that the heightening inflationary pressures were likely to hurt consumer purchasing power and...
Fri, 08 Aug 2008
More work needed to meet tourism target
The Jakarta Post, JakartaIndonesia, Southeast Asia's largest economy, has been cashing in from increasing foreign tourist arrivals, thanks to better security, more money on promotion and mushrooming leisure events.Between January and June this year, the country recorded a 11.
Fri, 08 Aug 2008
East Java to seek out illegal expat workers
The East Java Manpower Agency said it would cooperate with police and immigration officials to conduct raids on thousands of expatriates working in the province without the proper authorization."Raids will be conducted simultaneously in a number of companies on Aug.
Thu, 07 Aug 2008
Forging strategic ties
Khazanah Nasional, the investment arm of the Malaysian Government, is now a major corporate player in Indonesia with nearly $2 billion in investments. As it seeks to expand its corporate presence, Khazanah is also mindful of having a positive socio-economic impact.
Wed, 06 Aug 2008
Rise in BI rate to hit hard property sector
Jakarta, (ANTARA News) - The rise in the benchmark interest rate or BI Rate to 9 percent from 8.75 percent will deal a blow to demand for property, a real estate developer predicted."We predict the key rate will continue to increase to up to 9.
Wed, 06 Aug 2008
Foreign investment in N Sumatra reaches $44 million until June
Medan, N Sumatra, (ANTARA News) - The North Sumatra Provincial Investment and Promotion Board (Bainprom) said eight foreign investors realized their investment proposals worth US$44.95 million in the first half of this year.
Tue, 05 Aug 2008
BP-MIGAS warns oil output to finish in 10 years' time
Oil watchdog BPMIGAS warned that the country's dwindling oil reserves could be exhausted in 10 years' time if no new reserves are found, Reuters reported.Indonesia has struggled to develop its rich energy resources, turning into a net importer of crude oil in recent years.
Tue, 05 Aug 2008
Telkomsel's customer base increases to 55 million
Indonesia's largest cellular operator PT Telkomsel disclosed that its customer base had increased to a total of 55 million numbers as of end of July from 48 million by the end of last year, Antara reported.
Tue, 05 Aug 2008
Govt. to streamline regional taxation
The central government and the House of Representatives are amending the 2000 Law on Regional Tax and Retribution in an effort to prevent regions from enacting selfish bylaws, The Jakarta Post reported.
Tue, 05 Aug 2008
Better inflation on July
Although inflation rate in July showed an improvement against the June’s inflation, analyst says that inflation could be further down if the government works harder to improve some factors that affect the supply and demand process.
Tue, 05 Aug 2008
RI, Malaysia discussing CPO pricing scheme
Sukabumi, W Java (ANTARA News) - Indonesia and Malaysia are holding talks to set up a crude palm oil (CPO) pricing scheme as means to prevent prices from fluctuating in the world market, Indonesian Minister of Agriculture Anton Apriantono said.
Tue, 05 Aug 2008
Sugar Palm to be Gasoline
If I remember correctly I believe 85% of the cars in Brazil run on ethanol made from sugar cane and it is not like corn where the States spends more energy through the process to make ethanol from corn than what they receive back from the finished product.
Mon, 04 Aug 2008
Global Obsession
Reza V. Maspaitella owns the first integrated outsourcing company in Indonesia with a focus on banking, finance and insurance. Now, it's his obsession to go global.The 18th floor of his Kuningan office is packed.
Mon, 04 Aug 2008
An empire built from a superstition
Mon, 08/04/2008 11:28 AM | BusinessThe Gudang Garam empire came to life under the leadership of its founder Surya Wonowidjojo, or Tjoa Jien Hwie, in June 1958.After gaining valuable experience working for his uncle's cigarette company, Surya set up his home business, Pabrik Rokok Tjap Gudang Garam,...
Mon, 04 Aug 2008
Sugar Palm to be Gasoline
Monday, 04 August, 2008 | 11:36 WIBTEMPO Interactive, Bandung: The energy crisis has forced people to look for energy alternatives. Johan Mononutu from North Sulawesi has discovered sugar palm as a potential ethanol.
Sun, 03 Aug 2008
Investors burnt in biofuel explosion
Brave predictions that Indonesia would emerge as the “Middle East of Biofuel” have evaporated. The industry faces testing times and opening the local market appears the only way to survive.Biofuel went big globally with a slick public relations package in 2005.
Sun, 03 Aug 2008
Global investors eye Indonesia
The recent Indonesia Regional Investment Forum 2008 brought together more than 200 international investors with a shared objective: to explore investment opportunities in one of the fastest growing economies in Asia.
Sun, 03 Aug 2008
Indonesia loses appeal to investors on high regulatory risk
PETALING JAYA: When domestic growth dwindles or when a company plans for expansion, going overseas seems like a smart move. For Malaysian companies, Indonesia presents good opportunities because of its large population, low labour cost and vast natural resources.
Sat, 02 Aug 2008
Indonesia boosting cooking oil exports to Pakistan
Jakarta (ANTARA News) - Indonesia, which has secured 45 percent of Pakistan`s market share of imported cooking oil, planned to boost the export of the commodity to that country."We are currently handling it with Pakistan.
Fri, 01 Aug 2008
Astra posts hefty growth on robust auto, CPO sales
PT Astra International, the country's largest publicly traded company, posted hefty growth in the first semester of the year due to higher automotive sales and strong performance of its agribusiness.Astra's revenue increased by 46 percent to Rp 46.27 trillion (US$5.06 billion) from Rp 31.
Fri, 01 Aug 2008
Tax and NPWP
Thu, 07/31/2008 10:23 AM | Reader's ForumI refer to The Jakarta Post's report of July 22 titled "Errant taxpayers to face fines, jail".The report says that the tax office will impose fines and prison sentences upon those who fail to apply for tax identification numbers (NPWP) by the end...
Fri, 01 Aug 2008
Half of oil, gas blocks offered fail to attract investment
Half of the 21 oil and gas blocks offered by the government last year failed to attract investors due primarily to inaccurate data, unfavorable locations and a lack of technology available to tap the resources, an official says.
Fri, 01 Aug 2008
Sampoerna Agro cashes in on CPO boom
Agribusiness giant PT Sampoerna Agro saw a 176 percent increase in sales in the first semester from a year earlier, thanks to a huge increase in prices and sale volume of crude palm oil (CPO), an executive said Wednesday.The publicly listed company gained Rp 1.