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Wed, 30 Sep 2009
Singapore's DBS says targets growth in Indonesia
SINGAPORE, Sept 30 (Reuters) - Singapore's DBS (DBSM.SI: Quote, Profile, Research) plans to more than double its Indonesian branch network over the next three years and will look for acquisitions in Southeast Asia's biggest economy, its chairman said on Wednesday.
Wed, 30 Sep 2009
Indonesia has only 0.18 pct self-sufficient business people
Garut (ANTARA News) - Minister for Empowerment of Women Meutia Hatta Swasono said that only 0,18 percent of the Indonesian population consists of self-supporting businesspeople, while the country will achieve good progress if at least 2-3 percent of the total population has become self-sufficient.
Wed, 30 Sep 2009
American Entrepreneurs Interested in Developing Power Plants in Indonesia
Several entrepreneurs from the USA have expressed their interest in investing in the power plant sector in Indonesia.They said this when meeting Indonesian President Susilo Bambang Yudhoyono in Boston, Massachusetts, USA, on Sunday (27/9).
Tue, 29 Sep 2009
Indonesian President Considers New Ministerial Posts for Natural Resources
President Susilo Bambang Yudhoyono, who begins his second five-year term next month, may create new ministerial posts to accelerate development of the natural resources sector, government sources said.The country has some of the world’s largest deposits of natural gas, nickel, copper, tin and...
Tue, 29 Sep 2009
Importers urge BPK to audit customs office
The Indonesian Importers Association (Ginsi) has urged the Supreme Audit Agency (BPK) to audit the customs office, which received Rp 5.42 trillion ($542 million) worth of revenue from importers."The customs office has made a lot of money from blackmailing importers," Ginsi chairman...
Tue, 29 Sep 2009
Mining Law Regulations Unlikely to be Ready This Year
The country is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Monday, creating more uncertainty for a sector struggling to attract investment.
Mon, 28 Sep 2009
Indonesia's Beef Self-Sufficiency Plan Called Unrealistic
The Indonesian Cattle and Buffalo Farmers Association said it doubts the government will be able to meet its target of achieving close to national self-sufficiency in beef production by 2014, despite a plan to subsidize bank loans to cattle breeders, a senior official from the organization said on...
Mon, 28 Sep 2009
HSBC Upbeat About Indonesia, Asia Chief Says
HSBC Upbeat About Indonesia, Asia Chief Saysby Roffie KurniawanThe global economy appears headed toward a recovery, with Asia leading the way. However, the road ahead is unlikely to be smooth, said Sandy Flockhart, HSBC’s chief executive for the Asia-Pacific region, during a recent exclusive...
Mon, 28 Sep 2009
RI producers overwhelmed by boom in global orders
Mustaqim Adamrah, The Jakarta Post, JakartaThe Indonesian pulp industry is set to rebound from the global economic downturn as international orders have started to pile up with domestic pulp producers.Indonesian Pulp and Paper Association (APKI) chairman M.
Mon, 28 Sep 2009
Indonesia, China sign MoUs on infrastructure project cooperation
Jakarta (ANTARA News) - Indonesia and China have agreed to step up cooperation in infrastructure and water resource development as marked by the signing of two memorandums of understanding (MoUs).The MoUs were signed by Djoko Kirmanto, Indonesian Public Works Minister, Li Shenglin and Chen Lei,...
Mon, 28 Sep 2009
Japanese Investors Eyeing Indonesian Sectors
With a nod of approval toward the country’s economic prospects, a group of Japanese corporate leaders has indicated their intention to invest in Indonesia, particularly in the consumer and infrastructure sectors, a leader of the group said.
Sat, 26 Sep 2009
North Sulawesi declared as special economic region
Manado (ANTARA News) - In view of North Sulawesi`s rapid investment and economic development, the central government has named the province a Special Economic Region (KEK)."Of the 25 provinces in the country, North Sulawesi is the second to have passed the verifications as a special economic...
Fri, 25 Sep 2009
Jakarta policies reveal pitfalls of fuel subsidies
When Susilo Bambang Yudhoyono, the Indonesian president, opens a Group of 20 summit discussion on how to reduce fuel subsidies while protecting the poor, he will have first-hand experience to draw on.In October 2005 and May 2008 he increased subsidised fuel prices by 126 per cent and 29 per cent...
Fri, 25 Sep 2009
Is economic terrorism a threat to S.E. Asia?
SINGAPORE, Sept 24 - If the suicide bombers who targeted two luxury hotels in Jakarta this year hoped their attacks would strike a significant long-term blow against Indonesia's economy, the reaction of financial markets suggests they were wrong.
Fri, 25 Sep 2009
House to Strip Mandatory Halal Certification From Bill After Strong Protests
Abill being deliberated by the House of Representatives looks set to be stripped of contentious provisions that would have required halal certification of consumer products by the Religious Affairs Ministry, after strenuous protests by the business community and the Indonesian Council of Ulema...
Fri, 25 Sep 2009
Government Approve Halal Guidelines Distribution By Council of Clerics
TEMPO Interactive, Jakarta: The Indonesian Council of Clerics have been given the green light to distribute halal certification guidelines for importer located outside Indonesia, to tackle the absence of halal certification agency, the Coordinating Ministry for the Economy said on Thursday.
Fri, 25 Sep 2009
Ceramic Industry Seek Delay For Higher Electricity Tariff
TEMPO Interactive, Jakarta: The government's plan to hike electricity tariffs next year has drew more response from industries, with the latest came on Thursday from the Indonesian Ceramic Industry Association.
Fri, 25 Sep 2009
S Sulawesi, S Korea discuss future trade cooperation
Makassar, South Sulawesi (ANTARA News) - Some 28 entrepreneurs from South Korea had a talk with South Sulawesi`s authority about cooperation in trade sector, South Sulawesi Governor Syahrul Yasin Limpo, stated here on Thursday.
Wed, 23 Sep 2009
Forests fight back as Indonesia tackles illegal palm oil
ACEH, Indonesia (Reuters) - For decades, the roar of the chainsaw has meant one thing in Indonesia's national parks: illegal loggers ripping down the rainforest.Now, the whirring blades are part of a fight back to cut out illegal palm oil from the international supply chain and slow the...
Wed, 23 Sep 2009
Slaves, colonials, weevils: palm oil's historic rise
Sept 23 - Less than a century after the west African oil palm was introduced to southeast Asia as a cash crop, Indonesia and Malaysia supply about 85 percent of the world's palm oil, used in processed food and soap products. Here is a timeline charting how oil palm spread east.
Wed, 23 Sep 2009
Q+A: How can illegal oil palm be weeded out of the supply chain?
(Reuters) -- About five percent, or two million tonnes of the expected crop of 40 million tonnes of Crude Palm Oil produced in 2009 is expected to be certified as sustainable this year, environmental standards watchdog, the Roundtable on Sustainable Palm Oil (RSPO) estimates.
Wed, 23 Sep 2009
ADB scales up outlook on Indonesia
The Asian Development Bank (ADB) has upgraded its outlook of Indonesia's economic growth this year to 4.3 percent citing strong private consumption and improving investment.The ADB previously estimated that Indonesia's economy would grow by 3.6 percent this year.
Tue, 22 Sep 2009
EU biofuels policy undermines governance in Indonesia, alleges report
Indonesian authorities are failing to prevent illegal logging and conversion of protected areas for oil palm cultivation used to supply the European market with supposedly "green" biofuels, alleges a new report from Milieudefensie (Friends of the Earth Netherlands) and WALHI KalBar...
Sat, 19 Sep 2009
Noordin’s Death Hailed as a Boon to Investor Confidence
"The business community on Friday praised the police operation in Solo, Central Java on Thursday that led to the death of Noordin M Top, Asia’s most wanted terrorist, predicting that it would significantly boost the confidence of foreign investors doing business in the country.
Sat, 19 Sep 2009
Noordin’s Death Hailed as a Boon to Investor Confidence
The business community on Friday praised the police operation in Solo, Central Java on Thursday that led to the death of Noordin M Top, Asia’s most wanted terrorist, predicting that it would significantly boost the confidence of foreign investors doing business in the country.
Sat, 19 Sep 2009
Industry Ministry firm, still wants possible delays in FTA
The Industry Ministry is carrying on with it’s initiative to delay the timing of tariff reductions under the free trade agreement (FTA) between the Association of Southeast Asian Nations (ASEAN) and China; while the Trade Ministry says that renegotiation is not the only solution (to protect local...
Thu, 17 Sep 2009
Batam Could Become Special Economic Zone
> do you know how I can find out if there PCB fabrication and population companies in Batam? there is quite a large board stuffing compay called PT Sat Nusa Persada.The owner's name is Abidin; he is chairman of APINDO Batam branch and he is quite well known locally.
Thu, 17 Sep 2009
New Indonesian Tax Laws Make Shariah Lenders Happy but Worry Luxury Merchants T
The House of Representatives on Wednesday passed a revised law on value added tax and luxury taxes aimed at helping the Islamic banking sector and lower-income Indonesians. Luxury goods sellers, however, fear the new law could see prices for their goods skyrocket.
Thu, 17 Sep 2009
Indonesia's Industry Minister Says Special Economic Zone Law Too Little, Too Late
The enactment of the Special Economic Zones Law by the House of Representatives on Tuesday has drawn a mixed bag of responses, with one respected academic welcoming it and the outgoing industry minister likening it to a case of locking the stable door after the horse had bolted.
Thu, 17 Sep 2009
House delegates authority on SEZs
The House of Representatives endorsed the special economic zone (SEZ) bill on Tuesday, delegating legal powers to a new government body for the promotion of these more liberal trade and development regions.
Wed, 16 Sep 2009
Batam Could Become Special Economic Zone
Mount handling in small batches? Piss is your man.
Wed, 16 Sep 2009
House delegates authority on SEZs
The House of Representatives endorsed the special economic zone (SEZ) bill on Tuesday, delegating legal powers to a new government body for the promotion of these more liberal trade and development regions.
Wed, 16 Sep 2009
Foreign tourists can apply for tax refund
Foreign tourists visiting Indonesia can apply for a tax refund when buying goods here next year, according to the newly endorsed law on value added tax and luxury tax.Under the law that is set to be effective starting on Apr.
Wed, 16 Sep 2009
House Proposes Luxurious Goods Tax on High Powered Vehicles
TEMPO Interactive, Jakarta: The House of Representatives has proposed to classify high-powered vehicle, yacht, and luxurious house into list of items to become subjects to luxurious goods tax, a lawmaker leading the legislation informed on Wednesday.
Wed, 16 Sep 2009
Batam Could Become Special Economic Zone
What I am looking for is a small company capable of surface mount handling and small batches. There would also be assembly work to put it all together. I am not bothered if they use an overseas company to do the boards and then assembly locally.
Wed, 16 Sep 2009
Batam Could Become Special Economic Zone
don't know, but i could find out. electronics companies in batam are on the decline; many big companies, like panasonic, have pulled out. seems oil and gas and shipbuilding are the main industries now.
Wed, 16 Sep 2009
Moody's upgrades Indonesia sovereign ratings
HONG KONG (MarketWatch) -- Moody's ratings agency Wednesday upgraded Indonesia's foreign- and local-currency sovereign debt ratings to Ba2 from Ba3, citing the Asian country's resilience to the global recession and its "healthy medium-term growth prospects.
Wed, 16 Sep 2009
Batam Could Become Special Economic Zone
Kuku, do you know how I can find out if there are any PCB fabrication and population companies in Batam? Is there a company register somewhere?Doing a Google search throws up very little and you end up getting links to Chinese companies instead.Cheers.
Wed, 16 Sep 2009
Batam Could Become Special Economic Zone
Wednesday, 16 September, 2009 | 13:41 WIBTEMPO Interactive, Jakarta:The government has guaranteed that free trade areas will remain although the draft bill about special economic zones is not ratified yet.
Wed, 16 Sep 2009
Greenpeace stops Indonesian palm kernel shipment
Activists from the international environmental organization Greenpeace boarded a ship carrying palm kernel animal feed from Indonesia on Wednesday off the New Zealand coast and called on the government to ban the cargo.
Tue, 15 Sep 2009
Indonesian Dairy Farmers Need $329m To Raise Production: Government
Investment of Rp 3.25 trillion ($329 million) in milk production at the farm level is urgently needed, with fresh domestic milk only accounting for about 13 percent of the country’s total milk market, according to a senior government official.
Tue, 15 Sep 2009
Indian High-Roller to Bet $100m On Indonesia's ‘Distressed’ Batam, Bintan Resorts
Singapore. Billionaire Bhupendra Kumar Modi, who made his fortune from mobile-phone services in India, plans to invest $100 million in distressed assets, including the resorts on Batam and Bintan in Riau Islands.
Tue, 15 Sep 2009
Everybody's friend: Indonesia deserves a better image
IN MOST other respects this is a golden age for Indonesian diplomacy. Its relations with its neighbours are sometimes prickly, especially with Malaysia, with which it squabbles over everything from maritime boundaries to the treatment of migrant workers.
Tue, 15 Sep 2009
A golden chance
Just a decade ago Indonesia was on the brink of catastrophe. Things have taken a dramatic turn for the better, says Simon Long (interviewed here)COUNTRIES generally hit the headlines only when the news is bad. In Indonesia it has often been spectacularly bad.
Tue, 15 Sep 2009
A deep-rooted habit: The difficulty of battling graft
EVEN before passing through immigration into Indonesia, you may fall prey to the venal flair of its bureaucrats. Most of its embassies now refuse cash payments for visas, after a number of scandals. One ambassador in Malaysia, a former police chief, allegedly pocketed about 2 billion rupiah from...
Tue, 15 Sep 2009
Why business in Indonesia has yet to take off
From The Economist print editionTHE Suharto clan infected Indonesian business like a pandemic virus. Its direct business interests included power generation, toll roads, electronics, plastics, timber, paper, an airline, a taxi company, construction, fishery, food processing, broadcasting, banking,...
Tue, 15 Sep 2009
Q+A-Indonesia's corruption court bill
JAKARTA, Sept 14 (Reuters) - Indonesia's parliament plans to pass a corruption court bill this month which would severely weaken the court and anti-corruption agency, the two key weapons in the fight against graft in Southeast Asia's biggest economy.
Tue, 15 Sep 2009
Indonesian Businesses Reaffirm Opposition to Halal Bill
Business associations reiterated their opposition to the bill on halal certification, saying that they would most likely challenge the constitutionality of the law if the House of Representatives passes it on Tuesday.
Tue, 15 Sep 2009
World Bank Sees 4.3% GDP Growth For Indonesia
The World Bank has raised its 2009 Indonesia growth forecast to 4.3 percent from 3.5 percent, largely due to the strong domestic market and increased government spending on stimulus measures, the bank’s quarterly report released on Monday said.
Mon, 14 Sep 2009
Govt upbeat about $1.5b, 185-km coal railway project
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 billion, 185 km-coal railway project in Central Kalimantan.