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Mon, 14 Sep 2009
Palm Oil Producers Want Indonesia's Support on Tough EU Biofuel Regulation
The country’s crude palm oil producers have called on the government to defend their interests against the European Union over a draft directive on renewable energy and fuel quality that they said would be detrimental to them.
Mon, 14 Sep 2009
Forcing Foreign Drug Makers to Open Factories Won’t Hurt Industry: KPPU
The Business Competition Supervisory Commission says an upcoming Ministry of Health regulation on drug registration procedures and the establishment of production facilities will not have a negative impact on competition in the industry, a senior official from the state antitrust watchdog said.
Sat, 12 Sep 2009
$1.5b Kalimantan Coal Rail Tender Expected by Year-End
In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official said on Friday that the proposed 185-kilometer rail line linking Puruk Cahu and Bangkuang - expected to cost $1.5 billion - will be put out to tender before the end of the year.
Sat, 12 Sep 2009
Crisis, Politics Blamed for Tepid Interest in Indonesia's Oil, Gas
A senior official at the Energy Ministry said the global economic crisis and political pressure over oil companies’ costs were the reasons for the lukewarm response from investors toward exploring new oil and gas blocks.
Sat, 12 Sep 2009
Indonesia's Mandiri to open remittance unit in Malaysia
JAKARTA, Sept 11 (Reuters) - Indonesia's Bank Mandiri (BMRI.JK) will open a new unit in Kuala Lumpur dedicated to collecting remittances from the millions of Indonesians working in Malaysia, a senior executive said late on Thursday.
Sat, 12 Sep 2009
Oil and gas blocks fail to attract investors
Indonesia failed to attract enough investors to develop all the oil and gas blocks offered in the first quarter of this year due to the global economic slowdown and concerns over revisions to the cost recovery mechanism.
Sat, 12 Sep 2009
Time to be more optimistic than ever for Bali tourism market
The JW Marriott and Ritz-Carlton Bombings in Jakarta last July may have caused a setback for the Bali tourism market that has performed relatively very well despite the global financial crisis and the threat of a global H1N1 pandemic.
Sat, 12 Sep 2009
VP not informed about sugar importation
Jakarta (ANTARA News) - Vice President Jusuf Kalla said he had no knowledge about imported sugar which had reportedly entered the country through Batam."I don`t know about it (the sugar import)," the vice president told reporters after Friday prayers here.
Sat, 12 Sep 2009
Indonesian Businesses Angered by Government Rule On Bonus
An irate business community on Friday slammed a recently issued Manpower Ministry directive ordering firms to pay a one-month Idul Fitri holiday bonus to nonpermanent contract workers, saying it was unexpected and had serious financial implications.The directive, issued on Aug.
Fri, 11 Sep 2009
Private sector invited to join village energy programs
Private sector and local governments are expected to participate more in helping villages reach energy self-sufficiency as the central government is lacking the funds to run such programs alone.Under the central government’s energy self-sufficiency villages program (DME) that has run since 2007,...
Fri, 11 Sep 2009
Electricity sector liberalized
The current power-supply crisis, which has caused rotating blackouts in many provinces and inflicted big losses upon household and industrial consumers, should serve as a stern warning to the judges at the Constitutional Court not to be so narrow-minded as to annul the new electricity law for being...
Thu, 10 Sep 2009
IFC suspends investment in palm oil over Wilmar case
The International Finance Corporation (IFC), the private arm of the World Bank, has decided to suspend funding in the palm oil sector, affecting the world's top producer, Wilmar International, pending a review of internal procedures on environmental and social standards.
Thu, 10 Sep 2009
Electricity rates up 20% at least: PLN
State power firm PT Perusahaan Listrik Negara (PT PLN) plans to put average electricity rates up by 20 percent next year after the House of Representatives rejected PLN’s proposed levels for margins and subsidies.
Wed, 09 Sep 2009
Is this idea on the right track or off the rails?
The government on Wednesday said that it would need an investment of Rp 36 trillion ($3.6 billion) to revitalize the country’s troubled railway system over the next five years.It also expects to issue a detailed regulation next week to encourage privatization in the sector and end the monopoly of...
Wed, 09 Sep 2009
Q-A-Indonesia new VAT, tax law to boost mergers, Islamic market
JAKARTA, Sept 9 (Reuters) - Indonesia's parliament is due to pass a revised law on value added tax (VAT) and sales tax on luxury goods next week, which could boost corporate mergers and spur the growth of its fledgling Islamic markets.
Wed, 09 Sep 2009
Indonesia enjoys improved global ranking as active business regulatory reformer
Quoting: Jakarta PostIndonesia has improved its rank in the 2010 Ease of Doing Business annual survey, moving up from 129 to 122, a report revealed Wednesday. wuhu!! break out the champagne!
Wed, 09 Sep 2009
Indonesia enjoys improved global ranking as active business regulatory reformer
Indonesia has improved its rank in the 2010 Ease of Doing Business annual survey, moving up from 129 to 122, a report revealed Wednesday.The survey was held by the International Finance Corporation (IFC) and the World Bank.
Wed, 09 Sep 2009
Investment to do well without stimulus
Confident of the success of its fiscal and monetary policies, Indonesia feels it no longer needs an economic stimulus package to boost investment for 2010.The government expects to have a slower budget expansion next year, with a reduced budget deficit of Rp 98 trillion (US$9.8 billion), or 1.
Wed, 09 Sep 2009
Indonesia approves tougher law against polluters
JAKARTA, Sept 8 (Reuters) - Indonesia's parliament passed a new environment bill on Tuesday giving the Environment Ministry the power to revoke polluters' business licences, which environmentalists said could lead to more effective enforcement.
Wed, 09 Sep 2009
Posco To Discuss Indonesia Plans With Investment Officials
JAKARTA -(Dow Jones)- South Korea's Posco (PKX) will meet with Indonesia's Investment Coordinating Board, or BKPM, Tuesday to discuss a possible plan by the steelmaker to invest in Indonesia, the board's chairman said.
Wed, 09 Sep 2009
RI moves to improve defense in trade disputes
As the global trend of trade protectionism becomes more apparent, the government, in cooperation with the private sector, is moving to prop up its defense in facing disputes under the WTO.The government, via the Trade Ministry, is currently in the process of setting up a team of legal advisors...
Wed, 09 Sep 2009
Wanted: Local autonomy that works
Indonesia has experienced eight years of decentralization, the logical consequence of democratization spurred by the end of the 32-year authoritarian rule of president Soeharto in May 1998. What's the good news of local autonomy? What's the bad news?First, the bad news.
Wed, 09 Sep 2009
Import policy allegedly misused in Dumai
A government policy that allows the import of particular restricted commodities through Dumai Port, Riau, has allegedly been misused, prompting the customs office to ask the Trade Ministry for a review of the policy.
Wed, 09 Sep 2009
Chamber of Commerce Challenges Halal Certification Bill
TEMPO Interactive, Jakarta: Indonesia Chamber of Commerce threatened to file a judicial review over the drafted regulation of halal certification as the regulation was deemed of posing negative impact on business.
Wed, 09 Sep 2009
Janeman Latul $600m Lombok Resort Plan Remains on Vacation After Meeting
The stalled $600 million Lombok tourism megaproject is still on holiday after a meeting on Sunday in Dubai between PT Bali Tourism Development Corporation and developer Emaar Properties failed to settle anything.
Tue, 08 Sep 2009
Indonesia Approves Law Allowing Private Electricity Investment
JAKARTA (Dow Jones)--Indonesia's Parliament Tuesday approved a new electricity law allowing private-sector investment in generation and granting authority to the government and regional administrations to issue permits for power projects, the Department of Energy and Mineral Resources said in a...
Tue, 08 Sep 2009
Fiber producers invest big
Three synthetic fiber manufacturers - PT Teijin Indonesia Fiber Corp., PT Indonesia Toray Synthetic and PT Sulindafin - have invested Rp 72 billion (US$7.13 million) on new machinery to cut costs and boost competition.
Tue, 08 Sep 2009
Aussies dominate tourist flow to Bali
DENPASAR: Australians dominated the flow of foreign tourists to Bali during the seven-month period of January-July 2009, a tourism official said."Their number in the period was 225,170, an increase of 36.
Tue, 08 Sep 2009
Sarong maker having difficulty meeting domestic demand
Pekalongan, C Java (ANTARA News) - Local sarong manufacturing company PT Pisma Putra Tekstil Pekalongan is exporting 70 percent of its production and has therefore difficulty meeting increased domestic demand, a spokesman said.
Tue, 08 Sep 2009
Facing Shortage, Indonesian Wood Processors Push for Speedier Replanting of Land
Wood processors are urging Indonesia's government to speed up the replanting of deforested land into sustainable timber plantations to help secure a more constant supply of timber.The Indonesian Pulp and Paper Association (APKI) and the Association of Indonesian Wood Panel Producers (Apkindo) on...
Mon, 07 Sep 2009
India May Boost Coal Imports from Indonesia; Plan JVs
NEW DELHI -- India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of importing the commodity from that country to meet rising demand as economic growth boosts power consumption.
Mon, 07 Sep 2009
Romli Atmasasmita Given Two Years In Prison
TEMPO Interactive, Jakarta: Former senior official with the Justice Department Romli Atmasasmita was sentenced to two years in prison for corruption on Monday by the South Jakarta District Court, which was lighter than sought by prosecutors late in August.
Mon, 07 Sep 2009
Lombok Megaproject On the Line in Dubai Trip
Quoting: biznews[size:14pt]“Emaar hasn’t responded at all to BTDC letters in recent months,” said Hari Susetyo, the tourism deputy at the State Enterprises Ministry.  you know, Hari, i think Emaar might be trying to tell you something.
Mon, 07 Sep 2009
Lombok Megaproject On the Line in Dubai Trip
A representative of PT Bali Tourism Development was sent to Dubai on Sunday to meet representatives of the troubled Dubai-based Emaar Properties regarding a long-delayed $600 million tourism megaproject planned for south Lombok, a senior West Nusa Tenggara government official said.
Sat, 05 Sep 2009
Indonesia's quiet revolution bodes well for us
Quoting: biznews Last year, analysts Andrew MacIntyre and Douglas Ramage published an essay for the Australian Strategic Policy Institute titled provocatively Seeing Indonesia as a normal country. Well, where's the fun in that?
Sat, 05 Sep 2009
Indonesia's quiet revolution bodes well for us
We don't think of Indonesia as a rising economic power. Its output ranks only 15th in the world (a bit bigger than ours). Its market ranks 18th (a bit smaller than ours). But Indonesia is changing.Yes, there was a terrorist attack in Jakarta last month, but that was the first in four years.
Sat, 05 Sep 2009
Indonesia's Tourism Malfunction
Indonesian grievances over alleged theft of its songs and dances to promote Malaysian tourism may have some basis in fact. Given the way Malaysia treats its Hindu minority and obliterates its own Hindu past, it can scarcely claim the pendet dance from Bali.
Sat, 05 Sep 2009
East Kalimantan to Cancel Some Plantation Permits
TEMPO Interactive, Palangkaraya: The Governor of Central Kalimantan, Teras Narang, has threatened that he cancel the permits of some plantation companies working in the region.This is because they are suspected of burning land and creating thick smoke that has created problems for air...
Fri, 04 Sep 2009
Govt. to introduce tax refunds for foreign tourists
The government plans to introduce a "tax refund" scheme for foreign tourists shopping in the country as early as next year under an amendment to an existing law on value-added tax and luxury tax, legislators at the House of Representatives said, The Jakarta Post reported.
Fri, 04 Sep 2009
National car makers may need $100M investment
Manufacturers of three new national car prototypes might need a combined investment of $100 million to launch assembly plants to mass produce three new vehicles - the Tawon, Gea and Arina, the Industry Ministry forecast, The Jakarta Post reported.
Fri, 04 Sep 2009
Nestle to invest $100M in E. Java
PT Nestle Indonesia said it plans to increase its investment in dairy cattle farms in Indonesia in 2010, Asia Pulse reported.The company will invest $100 million to expand its dairy cattle farms in cooperation with local farmers in East Java, company president Peter Voght said.
Thu, 03 Sep 2009
Businessman to develop Islamic resorts
Same thing, no? Oh yeah, I forgot - in Puncak, they "marry" them.
Thu, 03 Sep 2009
Businessman to develop Islamic resorts
Quoting: biznews and target Middle East tourists. [In that case, will they be using the Puncak or Pattaya model?
Thu, 03 Sep 2009
KPK Launches Corruption Reporting Online System
TEMPO Interactive, Jakarta: The Corruption Eradication Commission (KPK) is launching a reporting online system. According to KPK's deputy for the Prevention Division, Mochamad Jasin, yesterday (2/9), the system would allow all Indonesians to report corruption cases through the Internet at the site...
Wed, 02 Sep 2009
Indonesia's president orders solar energy development
JAKARTA, Sept. 1 (Xinhua) -- Indonesia's President Susilo Bambang Yudhoyono supported moves for increasing the production of efficient solar-cell energies and has ordered solar-cell energy to be explored in the country, the Jakarta Post reported on Tuesday.
Wed, 02 Sep 2009
Keeping regional anti-investment regulations in check
Palmira P. Bachtiar, Jakarta The recent law on regional taxes and user charges should be seen as a serious counteraction from the central government against the dramatic increase in problematic regional regulations (Perda).
Tue, 01 Sep 2009
Businessman to develop Islamic resorts
Quoting: biznewsHe said many Middle East tourists felt uncomfortable with major tourist destinations like Bali, which do not promote Islamic values. why does this story have an odour about it?
Tue, 01 Sep 2009
Indonesia To Support Trade Via Export Financing, Trade Agency
JAKARTA -(Dow Jones)- Indonesia will this year extend $2.52 billion in trade financing to local exporters to support trade, Finance Minister Sri Mulyani Indrawati told reporters Tuesday.The government has also approved a capital reserve of IDR6 trillion for its newly-created trade financing agency,...
Tue, 01 Sep 2009
Indonesia Eximbank launched to boost exports
The government has officially launched the Indonesia Eximbank, an agency to help finance exports, particularly by micro-, small- and medium-sized enterprises (MSMEs).Indonesia Eximbank will boost the number of exporters, which have difficulty securing financing from other financial institutions,...
Tue, 01 Sep 2009
Businessman to develop Islamic resorts
A Sumenep legislative council member confirmed reports that two islands off Madura had been sold to a businessman who intends to develop them into resorts.Councilor Badrul Aini said Tuesday that businessman Zainal Seniya bought the islands and had leased them to Canadian and Singaporean investors.