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Fri, 21 Sep 2007
Sharp increase in foreign tourist arrivals in N Sulawesi
Manado, N sulawesi (ANTARA News) - The number of foreign tourist arrivals in North Sulawesi last August increased sharply by 15.3 percent compared to the figure in the previous month, a local statistics official said.
Thu, 20 Sep 2007
Govt to abolish fiscal fees in 2010
in fact, Indonesian residents, not just citizens, are required to pay fiskal. but we can't expect The Jakarta Post to get these minor facts correct, can we?nonetheless, don't believe anything till you see it. this same story makes a guest appearance every 2-3 years.
Thu, 20 Sep 2007
Govt to abolish fiscal fees in 2010
JAKARTA (JP): The government has said it would abolish fiscal fees in 2010.Finance Minister Sri Mulyani said the government had drafted a bill removing the fees, Metro TV reported Wednesday.Indonesian citizens are currently required to pay a fiscal fee of Rp 1 million (US$ 107) to go overseas via...
Wed, 19 Sep 2007
Bakrie Wins International Connection Project
TEMPO Interactive, Jakarta: PT Bakrie Telecom won the tender of international fixed-line direct connection (SLI). The SLI selection team regarded Bakrie Telecom as meeting the most requirements. However, there is not any detailed explanation about the tender assessment result.
Wed, 19 Sep 2007
BKPM chief: Govt Regulation No 1/2007 to be revised soon
Jakarta (ANTARA News) - The head of the Investment Coordinating Agency (BKPM) M.Lutfi said the government will soon revise Government Regulation No 1 of 2007 on income tax facility for capital investment in certain lines of business or regions in Indonesia so that investors would enjoy the benefits...
Tue, 18 Sep 2007
George Soros to invest in oil palm sector in Aceh
yes, but this is Indonesia, and his money is as good as Adolf Hitler's...
Tue, 18 Sep 2007
James Riady making quality education his business
Is this the same guy that owns Kabelvision AND Astro satellite tv?Well thanks James for screwing all of your customers over the EPL and making them pay again. You sound like a very charitable guy!!!Nice company that Lippo Group ... ask Mr B. Clinton
Tue, 18 Sep 2007
RI, Iceland to realize geothermal cooperation accord in 2008
From the Foreign Affairs site:Embassy of the Republic of Indonesia to Norway and accredited to the Republic of Iceland Ambassador H.E.Mrs. Retno L.P. Marsudi Address Fritzners Gate 12, 0244 Oslo, Norway Phone (47) 2212-5130 Fax (47) 2212-5131 Email kbrioslo@online.no Website http://www.
Tue, 18 Sep 2007
RI, Iceland to realize geothermal cooperation accord in 2008
Originally Posted By: Dilli"The Indonesian Embassy in Oslo"? means the indonesia embassy there also doubles up as the embassy for iceland. common where governments don't want to waste resources with full-time representation, especially in smaller countries.
Tue, 18 Sep 2007
TV advertising is growing in volume, but declining in value
While every medium has the innate ability to engage and entertain the audience, most people would agree that there is none more capable than television.In a country where almost everybody watches the small screen almost everyday, it's no surprise that the overwhelming share of the advertising...
Tue, 18 Sep 2007
RI, Iceland to realize geothermal cooperation accord in 2008
"The Indonesian Embassy in Oslo"?
Tue, 18 Sep 2007
Temasek Looks to Merge BII, Danamon
Singapore’s state-owned investment company, Temasek Holdings Pte, may merge its two Indonesian banks into the country's fifth largest to meet ownership rules and boost their competitiveness, Bloomberg News reported on Friday (14/9/07).
Tue, 18 Sep 2007
Govt. Seeks Level Retail Playing Field
The government is planning legislation aimed at ensuring fair competition in the retail sector where large operators, including foreign companies, have been squeezing smaller, local companies, Trade Minister Mari Pangestu said Wednesday (12/9/07).
Tue, 18 Sep 2007
2007 Worker Remittances Seen Up
Money sent home by Indonesians working overseas is likely to rise 41% to $4.8 billion this year from last year as more workers seek jobs abroad, an official said Thursday (13/9/07).Arini Rahyuwati, who heads a unit monitoring workers remittances at the state agency for overseas workers, said...
Tue, 18 Sep 2007
RI, Iceland to realize geothermal cooperation accord in 2008
Jakarta (ANTARA News) - Indonesia and Iceland hope to realize an agreement on cooperation in a geothermal development project in 2008, the Foreign Ministry said.Indonesia was hoping the cooperation agreement could be implemented when the two countries mark the 25th anniversary of their diplomatic...
Tue, 18 Sep 2007
ADB revises up RI growth forecast to 6.2 percent
Indonesia's economy is expected to register higher growth this year and ahead as a revival in domestic demand continues to drive more consumption and investment, the Asian Development Bank (ADB) says in its latest economic outlook.The ADB revised upwards its 2007 growth forecast for Indonesia to 6.
Tue, 18 Sep 2007
Australia extends loan to Indonesia to rebuild roads
Sydney (ANTARA News) - Australia will extend a 300 million AUD (close to 252 millionUSD) interest-free loan to Indonesia to help rebuild roads destroyed by the 2004 tsunami.Australian Foreign Minister Alexander Downer said that the loan was part of the 1 billion AUD Australia-Indonesia Partnership...
Mon, 17 Sep 2007
Indonesia's Mobile-8 ratings affirmed after completion of bond issue - Moody's
MUMBAI (Thomson Financial) - Moody's Investors Service affirmed the 'B2' corporate family rating of PT Mobile-8 Telecom Tbk, Indonesia's fourth-largest cellular operator.At the same time, Moody's (nyse: MCO - news - people ) affirmed the 'B2' rating for the 100 mln usd senior unsecured 11.
Mon, 17 Sep 2007
Anantara Plans Bali Resort
SEPTEMBER 14, 2007. Anantara Resorts is set to open a luxurious boutique property on a prime beachfront location in the chic resort area of Seminyak, Bali.Anantara Resort Seminyak, with a total of just 59 luxurious suites, is a comfortable 30 minute drive from the international airport and is...
Mon, 17 Sep 2007
Indonesia August motorcycle sales up 17 pct from July, led by Honda
Jakarta (ANTARA News) - Indonesian domestic motorcycle sales in August rose 17 percent from July to 429,156 bikes, with Honda taking the biggest market share, data released Monday by the Indonesian Motorcycle Industry Association show.
Mon, 17 Sep 2007
Indonesia expects China to invest more in manufacturing
Jakarta (ANTARA News) - Indonesia expects China to invest more in Indonesia`s manufacturing field such as automotive, electronic and textile industries, a minister said."Most of (Chinese) investment currently goes into natural resources and infrastructure.
Mon, 17 Sep 2007
RI promotes Bali in Japan's expo
TOKYO (Antara): Indonesia again promoted Bali as the famous tourist object with a good security in an international tourism expo organized by the Japan Association Travel Agency (JATA) in Tokyo, Japan."To attract more foreign tourists to visit Indonesia, we really want to promote Bali as the most...
Mon, 17 Sep 2007
James Riady making quality education his business
For some, the notion of a businessman running a company for profit and at the same time a school for charity might seem odd.Not so for James Riady, chairman of the Lippo Group of companies and the Pelita Harapan Educational Foundation.
Sun, 16 Sep 2007
ASEAN Tourism Investment Forum in Bali Sept 20-22
Bali Meeting Seeks to Expand Pan-ASEAN Tourism Investment Opportunities.Bali News: ASEAN Tourism Investment Forum in Bali Sept 20-22(9/15/2007) As reported in TBSC-Strategic Communication's Indonesian Digest, the ASEAN Tourism Investment Forum (ATIF) will be held in Bali September 20-22, 2007.
Sun, 16 Sep 2007
PATA Mart Bali Set for Record Attendance
Major Travel Show in Bali September 25-28 Underlines Island's Draw as World's Favorite Tropical Island.Bali News: PATA Mart Bali Set for Record Attendance(9/15/2007) According to the Indonesian-language Bisnis Indonesia, the Indonesian Ministry of Culture and Tourism is optimistic that the Pacific...
Sun, 16 Sep 2007
Raffles Lands on Bali's Jimbaran Coast
Luxury Villa and Private Residence Property Managed by Raffles Hotels & Resorts to Open at Pecatu in 2010.Bali News: Raffles Lands on Bali's Jimbaran Coast(9/15/2007) Raffles Hotels & Resorts have signed an agreement with PT Asia Pasifik Properti, a subsidiary of the Rekso Group, to manage a luxury...
Sun, 16 Sep 2007
20% of Foreign Visitors to Bali from MICE Sector?
Meeting and Conference Delegates will Largely Determine if Indonesia can Meet its 6 Million Foreign Visitors Target in 2007.Bali News: 20% of Foreign Visitors to Bali from MICE Sector?(9/15/2007) Meetings, incentive, conference and exhibition (MICE) participants are expected to represent 20% of all...
Fri, 14 Sep 2007
George Soros to invest in oil palm sector in Aceh
Soros in Aceh? Ha, they're gonna love him there.
Fri, 14 Sep 2007
George Soros to invest in oil palm sector in Aceh
JAKARTA (JP): One of the world's best-known fund managers, George Soros, plans to invest in the oil palm plantation sector in the country's westernmost province, Nanggroe Aceh Darussalam, its governor,Irwandi Yusuf, said Thursday after meeting with Soros in New York recently.
Thu, 13 Sep 2007
House challenges legality of new FTZs
The fate of the newly inaugurated Batam, Bintan and Karimun free trade zones (FTZs) appears to be in limbo as members of the House of Representatives continue to question the legal basis for their establishment.
Wed, 12 Sep 2007
Smoking US-Indonesia trade debate
JAKARTA - A bill under deliberation by the US Congress has caused much concern among Indonesia's big cigarette producers and threatens to ignite a bilateral trade row if the restrictive legislation is fully implemented.
Wed, 12 Sep 2007
Special 'cyber' law 'needed' to support ICT development
Neglect and conflicting interests are hampering the expansion of Indonesia's information and communications technology (ICT) industry so that special legislation is needed to encourage its development, an expert said Tuesday.
Wed, 12 Sep 2007
Back to the city in property sector? Not so fast!
At the Jakarta Property Expo last week, a number of new apartment developments were offered as part of the so-called "back to the city" concept -- the modern way of living. The concept was introduced by a property developer that has been aggressive in offering high-rise options for living in the...
Wed, 12 Sep 2007
Steps to Lower Cooking Oil Prices
I was refering to the information in this article from last weeks JP...Bekasi residents in kerosene craze City News - September 07, 2007 BEKASI: A kerosene agent in Jl. Teuku Umar, Bekasi, was overwhelmed Thursday as Rawalumbu district residents gathered early in the morning to collect cooking fuel...
Wed, 12 Sep 2007
Steps to Lower Cooking Oil Prices
"cooking oil" in this case does not mean fuel oil, but oil for cooking/frying. indonesians use *heaps* of this, being one of the "9 basic commodities" (sembako) for ordinary people, thus its importance ...
Wed, 12 Sep 2007
Sharp to Build LCD TV Assembly Plant in Jakarta
I suppose they will just move into the now defunct Sony LCD factory in Cibitung which is right next door to LG who make emm err LCD TV's.....
Wed, 12 Sep 2007
Steps to Lower Cooking Oil Prices
This seems to go against the government decision for consumers to use LPG? Sounds like two dogs pulling at different leashes to me!
Tue, 11 Sep 2007
Credit Disbursement Accelerates
Credits disbursed by the banking sector rose to an estimated Rp20 trillion ($2.2 billion) in August from Rp11.4 trillion in the previous month, Bank Indonesia spokesman Budi Mulya said, according to Asia Pulse.
Tue, 11 Sep 2007
Global Media Sells Plaza Indonesia Stake for $59m
PT Global Mediacom, Indonesia's largest media company, said it sold a stake in PT Plaza Indonesia Realty, raising Rp552 billion ($59 million).Global Mediacom sold 649.3 million Plaza Indonesia shares at Rp850 each in a series of transactions from August 22 to 24, it said in a statement to the...
Tue, 11 Sep 2007
Excelcom to Cut Some Mobile Call Rates
The country’s third largest mobile phone company, PT Excelcomindo Pratama, will offer price discounts in Jakarta and Bali to win subscribers.Excelcom plans to charge rates as low as Rp60 a minute in the two cities starting this month, president director Hasnul Suhaimi said in a recent interview...
Tue, 11 Sep 2007
30m Hectares of Land for Farm Bank
The government has set a target of earmarking a total of 30 million hectares of land in the country as permanent farmland, which cannot be converted for other purposes, Agriculture Minister Anton Apriyantono said."To date, Indonesia only has about 7.4 million hectares of farmland.
Tue, 11 Sep 2007
Steps to Lower Cooking Oil Prices
The government is planning steps to ensure that domestic cooking oil prices ease by 10% to 15% in the next few weeks, a senior government official said on Wednesday (5/9/07)."We cannot afford cooking oil prices to remain high as our main festival season of Ramadhan and Idul Fitri is approaching,"...
Tue, 11 Sep 2007
Sharp to Build LCD TV Assembly Plant in Jakarta
Japanese electronic company PT Sharp Electronics Indonesia plans to build an assembly plant for liquid crystal display (LCD) television sets in Jakarta early next year.The facility is planned to increase the market share of Sharp LCD especially for 20-, 26- and 32-inch types in the country, company...
Tue, 11 Sep 2007
Bayer to Set Up Production Base in W. Java
A unit of German drug and chemicals group Bayer AG aims to make an expanded plant in Indonesia an Asia-Pacific production base for consumer care products.Hans-Josef Schill, president director of PT Bayer Indonesia, was quoted as saying by The Jakarta Post on Friday (7/9/07) that the expansion of...
Tue, 11 Sep 2007
India’s KS Oils to Buy Palm Plantations
India's leading rapeseed oil manufacturer, KS Oils Ltd, plans to buy palm plantations in Indonesia and Malaysia to meet growing edible oil demand in India, its managing director said Thursday (6/9/07)."We have chalked out a plan to buy around 8,000 to 12,000 hectares of palm plantations in both...
Tue, 11 Sep 2007
Investment Back to Pre-Crisis Level: BKPM
Investment approvals have returned to those before the economic crisis of 1998, the head of the Investment Coordinating Board (BKPM), M. Lutfi, was quoted as saying by Dow Jones Newswires. Lutfi said he expects total investment commitments by both foreign and local investors to reach $55 billion by...
Tue, 11 Sep 2007
Foreign Capital Flows Back
Foreign capital has begun to return to domestic financial instruments after large capital outflows from Bank Indonesia promissory notes (SBI) and state bonds as a result of global financial turmoil, a Bank Indonesia (BI) official said, according to Antara.
Tue, 11 Sep 2007
Investments More Than Double in First 8 Months
Actual domestic and foreign direct investments (FDI) in Indonesia during the first eight months of the year rose 123% from a year earlier to $11.70 billion, the National Investment Coordinating Board (BKPM) said Friday.Actual FDI in the January to August period rose 106.9% from last year to $8.
Tue, 11 Sep 2007
US To Lift Bali Travel Warning
The US will soon lift its travel warning to Bali as the Ngurah Rai international airport has met international security standards.Chadik Wibowo, aviation security manager of state-owned airport operator PT Angkasa Pura I at Ngurah Rai, told The Jakarta Post on Saturday (8/9/07) the Transportation...
Tue, 11 Sep 2007
Shanghai Electric starts construction of US$800 mln power plant in Indonesia
Jakarta (ANTARA News) - Indonesian state-owned power company PT Perusahaan Listrik Negara (PLN) said that a consortium led by Shanghai Electric Group will begin construction Monday of a coal-fired power plant worth about 800 million US dollars in the west Java town of Pelabuhan Ratu.