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Sun, 31 Dec 2006
Internet connections creeping back as operators up capacity
Internet connections creeping back as operators up capacityAndi Haswidi, The Jakarta Post, JakartaThe country's internet capacity slightly improved Friday as major telecommunication operators succeeded in rerouting connections to several foreign backbones and a satellite link.
Sun, 31 Dec 2006
Tax incentives needed to spur business growth, says analyst
Incentives should be given to businesses to improve their productivity and increase their taxable incomes, an economist says.Aviliani said increased production would ensure businesses ended up paying more tax, allowing the government to meet revenue targets.
Sun, 31 Dec 2006
Palm oil producers facing more demanding costumers
The fourth Round Table on Sustainable Palm Oil (RSPO) session, which was held recently in Singapore, clearly shows that while the demand for crude palm oil, including for bio-diesel fuel, will continue to increase in coming years, it is just a matter of time for CPO producers to face more demanding...
Sun, 31 Dec 2006
PLN will sign power plant contracts despite protest
Defying protests from other bidders, state electricity firm PT Perusahaan Listrik Negara (PLN) will go ahead with its plan to sign a letter of intent next week to formally name China National Technical Import & Export Corp.
Sun, 31 Dec 2006
Indonesia eyes 5.5 million overseas tourists in 2007
Indonesia should also issue visas-on-arrival for more than 30 days, and allow tourist visas to be extended within the country. 30 days is nowhere near enough for a country this size.
Sat, 30 Dec 2006
Indonesia eyes 5.5 million overseas tourists in 2007
The government is optimistically hoping to attract 5.5 million overseas tourists next year on intensified promotion despite only 4.8 million tourists visiting Indonesia this year."We had 5.3 million tourists in 2004, after having negative growth for two consecutive years in 2002 and 2003.
Sat, 30 Dec 2006
Investment Sharply Decreases This Year
TEMPO Interactive, Jakarta: Investment in Indonesia has sharply decreased this year compared to last year. According to the Head of the Association of Indonesian Entrepreneurs, Sofjan Wanandi, local investment in 2006 dropped 37 percent compared to the previous year.
Sat, 23 Dec 2006
Indonesia introduces iris scans to speed airport checks
just watch them stuff this up ...
Sat, 23 Dec 2006
Indonesia introduces iris scans to speed airport checks
Jakarta (ANTARA News) - Indonesia has introduced iris scans to allow registered passengers to pass through airport immigration in seconds, officials said.Jakarta's Soekarno-Hatta International Airport Thursday became the first in Asia to use the technology, which is already being used or tested at...
Sat, 23 Dec 2006
AGB Energy to produce biofuel for PLN
Jakarta (ANTARA News) - AGB Energy of South Korea is to invest Rp1 trln to build an integrated biofuel business, from plantation to a processing plant, under an agreement that it will supply its biofuel output to PT PLN, AGB president Kim Tae Sik said.
Sat, 23 Dec 2006
Official says 2007 will be better
With a number of sectors having contracted in 2006, the country's industrial sector is set to grow by a less-than-expected 5 percent this year, almost 1 percent lower than last year's disappointing growth of 5.9 percent.
Sat, 23 Dec 2006
We need to get in fast lane, minister admits
With Indonesia needing to build 54 new expressway sections totaling 1,835 kilometers to enable high economic growth to take off, the Public Works Ministry is seeking ways to speed up highway construction.
Sat, 23 Dec 2006
Bureaucratic reform needs a push, forum hears
Indonesia needs to create an "island of integrity" as part of efforts to end the bureaucratic reform stalemate, a discussion here heard.Roy Salomo of the University of Indonesia says South Korea used this method to remodel its bureaucracy with some success.
Fri, 22 Dec 2006
Local Electric
TEMPO Interactive, Jakarta: J. Purwono, Director General of Electricity and Energy Use at the Energy and Mineral Resources Department, has said that local electricity rates must be applied to all regions under one electricity system.
Fri, 22 Dec 2006
Microsoft Case to be Scrutinized
TEMPO Interactive, Jakarta: The Business Competition Oversight Commission (KPPU) will scrutinize the government's decision to direct appoint Microsoft to supply computer software in all government offices.The decision was included in an MoU between the government.
Fri, 22 Dec 2006
Banks to lend Rp 25 trillion for plantation, biofuel projects
A consortium of five state-owned and regional banks has committed itself to providing a total of Rp 25.56 trillion (US$2.8 billion) in loans for the development of plantations across the country, including those producing biofuel feedstock.
Fri, 22 Dec 2006
Indonesia to build peat land powered electric generators
Indonesia plans to build power plants powered by peat land in West Kalimantan province with the capacity of 60 megawatts, the governor of the province said on Wednesday.At a press conference after meeting with Vice President Jusuf Kalla, Governor Usman Jafar said that the project was expected to be...
Thu, 21 Dec 2006
Capital Investment Twice Higher
TEMPO Interactive, Jakarta: The improving Indonesian macroeconomic situation is stimulating the country’s investment climate.M. Luthfi, Head of the Investment Coordinating Board (BKPM), said that the growth of foreign investment this year has increased by 18.6 percent compared to last year.
Thu, 21 Dec 2006
Huawei Keeps Focusing on Indonesian Market
TEMPO Interactive, Shenzhen: Huawei Technologies Co. Ltd., a telecommunications solution company from China, will not only sell its products at cheap prices.However, according to Fu Jun, Huawei’s global spokesperson, the company’s products are as competitive of those of other companies.
Thu, 21 Dec 2006
BI not to change foreign exchange policy
Jakarta (ANTARA News) - Governor of Bank Indonesia (BI) Burhanuddin Abdullah has said that the central bank would not change its foreign exchange policy in connection with the new rules of the Bank of Thailand (BoT) which restricted the flow of foreign currencies out of the country.
Thu, 21 Dec 2006
Govt denies appointing Microsoft as official supplier
Jakarta (ANTARA News) - Communication and Information Minister Sofyan Djalil denied on Tuesday that his office has appointed US software maker Microsoft as an official supplier of software to government agencies.
Thu, 21 Dec 2006
IHI, Sojitz to produce gas in Indonesia using coal
Tokyo (ANTARA News) - Ishikawajima-Harima Heavy Industries Co Ltd will join forces with trading house Sojitz Corp to launch gas production in Indonesia, using less expensive, low-grade coal, the Nihon Keizai Shimbun reported, without citing sources.
Wed, 20 Dec 2006
Korea Cuts 70 Percent of Tariff Posts
TEMPO Interactive, Jakarta: South Korea will cut 70 percent off all its tariff posts starting as of January 1, 2007, for all members of the Association of South East Asian Nations (ASEAN).This is a free trade cooperation agreement between ASEAN members and their dialog partner South Korea, and has...
Wed, 20 Dec 2006
Government Appoints Microsoft Without Tender
TEMPO Interactive, Jakarta: The government has appointed Microsoft as the software supplier of Microsoft Windows operation systems and Microsoft Office data processors in state departments and institutions.This appointment did not through a tender process.
Wed, 20 Dec 2006
Floods, landslides hit Batam
Batam, Sumatra (ANTARA News) - Incessant rains that have been falling in Batam since Sunday, triggered floods and landslides in the region on Tuesday.The floods inundated industrial and settlement areas in Batam.
Wed, 20 Dec 2006
Govt hopeful about 2007 investment
The government expects to attract more investment next year based on the progress it says it has made in completing three policy packages on, respectively, improving the investment climate, infrastructural development and financial sector.
Tue, 19 Dec 2006
Workers Reject Regional Wage System
TEMPO Interactive, Jakarta: Around 500 workers took part in a rally held by the Workers Criticism Alliance (ABM) joined in in front of the State Palace, Jalan Merdeka Utara, Jakarta, yesterday (16/12).They demanded that the government get rid of the existing regional wage system and replace it with...
Tue, 19 Dec 2006
ExxonMobil Rejects Pertamina’s Plan to Produce Gas from Cepu before Oil
TEMPO Interactive, Jakarta: ExxonMobil Oil Indonesia Inc. has stated that it rejects Pertamina's plan to produce gas earlier than oil from the Cepu field.The reason given by this United States oil company was that the amount of gas reserves at this field is not yet known exactly.
Tue, 19 Dec 2006
Bakrie Telecom Gets National License
"The statement said the move was part of government reforms aimed at strengthening the sector."---- Nothing to do with Mr Bakrie holding a senior position in government then? Maybe it's some sort of reward following his high level of performance and integrity during the mudflow crises!
Tue, 19 Dec 2006
30 Power Plant Projects on Offer
State-run electricity company, PT PLN, will host a tender for bidders interested in the construction of 30 coal-fired power plants with a combined capacity of 3,100 MW later this month.The 30 power plants, located outside Java, are expected to operate in two to three years, the company's...
Tue, 19 Dec 2006
Banks Attract Foreign Investor Interest
Bank consolidation efforts got a boost on Monday (11/12/06), with a senior central bank official confirming stake sales in local operations to foreign investors from China, India and Australia.Relatively lenient regulatory restrictions on the size of foreign bank stakes are also a potent lure, said...
Tue, 19 Dec 2006
Bakrie Telecom Gets National License
Indonesia has given mobile phone firm, PT Bakrie Telecom, currently operating only in some cities on Java, a license to operate nationally, the communications department said on Wednesday (13/12/06)."PT Bakrie Telecom will get three channels nationally," the department said in a statement,...
Tue, 19 Dec 2006
Telkomsel to Invest $1.5b to Expand Coverage
The country's largest mobile phone operator, PT Telkomsel, said it will build 5,000 more base transceiver stations (BTS) to expand its coverage in 2007.Currently, the subsidiary of state-owned telecommunications provider PT Telkom already has 15,000 BTS.Telkomsel will set aside $1.
Tue, 19 Dec 2006
Chinese Investors May Build Precious Stone Center
Chinese entrepreneurs will explore the possibility of building a precious stone center and selling jewelry in Bali, Industry Minister Fahmi Idris said recently."I don't have any objection to the Chinese investors' plan so long as they train our precious stone craftsmen to develop specific...
Tue, 19 Dec 2006
Nestlé to Spend $80m on Expansion
Milk processing company, PT Nestlé Indonesia, will invest $80 million to expand the capacity of its factory in Pasuruan, East Java from 50,000 tons to 93,000 tons a year, senior Industry Department official Imam Haryono said.
Tue, 19 Dec 2006
Sun Business to Buy Content Firm for $6.2m
Sun Business Network Ltd (SBN) said it will buy Maestro Mind International Ltd, a holding company that owns 95% of mobile content developer PT Monstermob Indonesia (PMTI) for $6.2 million, XFN-Asia reported.
Tue, 19 Dec 2006
Consumers Upbeat About Economy - Survey
Consumers were optimistic about the economy in November for the first time after more than a year of continued pessimism about the economy, a central bank survey showed on Monday (11/12/06).The consumer confidence index rose 3.5 points to 101.6 in November from 98.1 in October.
Tue, 19 Dec 2006
President Warns About Graft Slowdown
President Susilo Bambang Yudhoyono warned on Monday (11/12/06) against moves to slow down the anti-corruption campaign, but said stakeholders should avoid excesses in the fight to root out graft.He said authorities should respect the principle of presumption of innocence and avoid issuing...
Tue, 19 Dec 2006
Garuda Indonesia meets creditors in Singapore
Jakarta (ANTARA News) - Flag carrier PT Garuda Indonesia said that it had met creditors, floating rate notes holders in particular, in Singapore on Friday."Apart from explaining the company`s financial performance and operation, we also reported our plans and debt restructuring," Garuda president...
Tue, 19 Dec 2006
Fake goods hurt state, says new research
The country has lost over Rp 219 billion (some US$24.3 million) in potential tax revenue annually because of counterfeiting, research by the Institute for Economics and Social Research at the University of Indonesia (LPEM-UI) has shown.
Tue, 19 Dec 2006
Bureaucracy, tax blamed for BRR's failure to meet tsunami targets
Nani Afrida and Ridwan Max Sijabat, The Jakarta Post, Banda AcehThe Aceh-Nias Rehabilitation and Reconstruction Agency (BRR) has failed to meet this year's targets to rebuild tsunami-hit areas because of bureaucratic problems and an unpopular tax on foreign disaster aid, an official says.
Mon, 18 Dec 2006
State revenue from oil/gas sector up by 17 percent
More money to corrupt and mispend.
Mon, 18 Dec 2006
State revenue from oil/gas sector up by 17 percent
Lembang, W. Java (ANTARA News) - State revenue from oil/gas sector in 2006 reached more than US$22.536 billion, an increase of about 17.17 percent compared to last year`s.The state income in the past three years from the oil/gas sector also rose by 89 percent from US$9.6 billion in 2002 to US$22.
Sun, 17 Dec 2006
Jakarta to host 1st international agriculture expo
The Bogor Institute of Agriculture (IPB) and the Indonesian Young Entrepreneurs Association (HIPMI) will host Indonesia's first international agricultural expo in March 2007 to promote local agricultural products on both the national and international markets.
Sun, 17 Dec 2006
Govt projects to be tendered before start of fiscal year
Government agencies will be allowed to hold tenders for projects before the start of the fiscal year so as to expedite government spending and keep economic growth on track next year.State Minister for National Development Planning Paskah Suzetta said in Jakarta that his ministry wanted public...
Sat, 16 Dec 2006
Palapa Ring Project Not Viable
TEMPO Interactive, Jakarta: The Palapa Ring project, a fiber optic network construction connecting all areas in Indonesia that is worth US$1.517 billion, is not viable. Spokesman of the Directorate General of Post and Telecommunication at the Information and Communication Department, Gatot S.
Sat, 16 Dec 2006
High Rise Tax to be Eliminated
TEMPO Interactive, Jakarta: The President's decision on High Rise Construction instructs related ministers to eliminate all kinds of tax to make a success out of construction of 1,000 towers. This program is important to overcome the problems of public housing and traffic jams in major cities,...
Sat, 16 Dec 2006
Infomedia to focus on contact-center business
PT Infomedia Nusantara, a telephone directory publishing company, plans to invest Rp 125 billion (US$13.7 million) next year, with 80 percent of the money going on the development of the firm's contact-center business."The growth of our core business, Yellowpages, only amounted to 8 percent in 2006.
Sat, 16 Dec 2006
Non-nationals may be allowed to buy property
The government seems likely to issue a long awaited regulation next year allowing non-nationals a restricted right to own some forms of real property, such as apartments, in a move that is expected to further fuel the growing property market, Indonesian Chamber of Commerce and Industry (Kadin)...
Fri, 15 Dec 2006
Mobile-8 to launch FWA access
Jakarta (ANTARA News) - A national telecommunication firm PT Mobile-8 Telecom will launch fixed wireless access (FWA) which uses code division multiple access (CDMA) technology late this week, a spokesperson said.