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Wed, 28 Dec 2011
Investment in W Java reaches Rp48 tln in 2011
Investment in W Java reaches Rp48 tln in 2011Bandung, W Java (ANTARA News) - The amount of domestic and foreign investment in West Java in the past one year reached Rp48.75 trillion with 767 projects, an investment official said."The realization of investment in West Java rose.
Wed, 09 Nov 2011
Govt Offers Investments in Kalimantan
TEMPO Interactive, Jakarta:The government is offering private companies the opportunity to develop investments in Kalimantan. Housing Minister Djan Faridz said the investments would speed up the Acceleration and Expansion of the Indonesian Economic Growth (KP3EI) program in the corridor.
Wed, 09 Nov 2011
Bappenas: Economy to grow 7 pct if investment increases
Jakarta (ANTARA News) - The domestic economy will grow by up to 7 percent in the next few years if investment in infrastructure development increases, National Development Planning Minister Armida Salsiah Alisjahbana said.
Tue, 08 Nov 2011
Indocement invests 100 million US dollars
Jakarta (ANTARA News) - PT Indocement Tunggal Prakarsa, producer of Tiga Roda cement, has invested 100 million US dollars this year in the construction of a cement mill in Citereup, West Java."Construction is scheduled for completion in 2013.
Tue, 08 Nov 2011
Taiwanese investors eyeing Bengkulu's fisheries, iron, coal potentials
Bengkulu (ANTARA News) - Taiwanese investors who have been eyeing fisheries potentials in the waters of Bengkulu province have begun to discuss their investment plans with local authorities."The Taiwan investors have been eyeing our fishery potentials since 2006, and now they are visiting...
Thu, 03 Nov 2011
Indonesia to Host ASEAN Investment Forum
TEMPO Interactive, Jakarta:Indonesia will host the Southeast Asia finance ministers and investors meeting. The forum, entitled ASEAN Finance Ministers Investor Seminar, will be held in Jakarta on Nov. 8.
Thu, 03 Nov 2011
Foreign Tourists Prefer Non-Starred Hotels
TEMPO Interactive, Bandung, West Java:Foreign tourists in West Java spend more time in non-starred hotels. “Almost five days longer on average,” said Lukman Ismail, head of the West Java Central Statistics Agency (BPS), at his office in Bandung on Tuesday.
Thu, 03 Nov 2011
West Java offering investment opportunities through int`l expo
Bandung, W Java (ANTARA News) - West Java`s International Expo (WJIE) 2011 is offering a number of the region`s business potentials and opportunities to foreign and domestic investors."There are 52 investment potentials in West Java showcased in the West Java International Expo 2011,"...
Thu, 03 Nov 2011
Two Japanese firms ready to relocate plants to Indonesia
Jakarta (ANTARA News) - Two Japanese companies are ready to relocate their plants from Thailand to Indonesia because of protracted flooding in the former, an official said."Because of the floods we have received a request from Japanese automotive and electronic manufacturers to relocate their...
Thu, 20 Oct 2011
Indonesia Says UAE to Invest $9.5b in Aluminium Smelters
The United Arab Emirates plans to invest $9.5 billion in aluminium smelters in Indonesia’s Kalimantan region, Indonesia’s ambassador to the UAE said on Wednesday.“Emirates Aluminium will invest $4 billion in West Kalimantan to build an aluminium smelter and a power plant ...
Thu, 20 Oct 2011
U.S. billionaire invests in Indonesia's media industry
JAKARTA, (Xinhua) Saban Capital Group, a Los Angeles- based investment firm, is buying 5 percent of Indonesia's Media Nusantara Citra (MNC) for 692.3 billion rupiah (78.2 million U.S. dollars), the Jakarta Globe reported here on Tuesday.
Thu, 20 Oct 2011
UAE investors to explore various industries in Indonesia
JAKARTA, (Xinhua) Investors from the Union of Arab Emirate will explore industries of Islamic banking, tire and CPO refinery in Indonesia, a press statement said here on Wednesday.The investors' visit to Indonesia is part of the country's effort in promoting the Trade Expo Indonesia (TEI) 2011.
Tue, 18 Oct 2011
Investment in RI to grow 16.6 pct next year
Nusa Dua, Bali (ANTARA News) - The Investment Coordinating Board (BKPM) has predicted investment in Indonesia will grow by 16.6 percent to Rp280 trillion next year from Rp240 trillion this year.With the increase in investment, the Indonesian economic growth would remain stable, BKPM Chief Gita...
Thu, 13 Oct 2011
Nigeria to invest Rp 24t in Indonesian refinery deal
Nigeria to invest Rp 24t in Indonesian refinery dealFrom:The Jakarta Post Nigeria plans to invest Rp 24 trillion (US$2.68 billion) in Indonesia to fund the construction of three oil refineries, an official says.
Thu, 13 Oct 2011
BKPM names seven most investor-friendly provinces
The Investment Coordinating Board (BKPM) named seven provinces as the top destinations for investment out of 26 provinces evaluated on Wednesday.The “regional champions” are Aceh, Central Java, West Kalimantan, South Sulawesi, Central Sulawesi, North Sulawesi and West Sumatra.
Thu, 13 Oct 2011
North Maluku to become nickel industry center
Ternate, North Maluku (ANTARA News) - North Maluku (Malut) Governor Thaib Armayin said the province was expected to become a nickel industry center in Indonesia as two nickel plants worth Rp84 trillion would be built in Halmahera island.
Wed, 12 Oct 2011
West Kalimantan Wins Regional Champions 2011
TEMPO Interactive, PONTIANAK:The West Kalimantan government has won the Regional Champions 2011 award for investment from the central government. West Kalimantan Governor Cornelis will receive the award from Coordinating Minister for the Economy Hatta Rajasa in Jakarta on Wednesday, said the West...
Wed, 12 Oct 2011
Nestle not to invest in cacao plantations
Jakarta (ANTARA News) - PT Nestle Indonesia has no plan to invest in cacao plantation as it is not its core business, Head of Nestle Indonesia`s Public Relations Brata T. Hardjosubroto said here on Tuesday.
Wed, 12 Oct 2011
BNI signs cooperation accord with Slovakia`s Eximbanka SR
Jakarta (ANTARA News) - Bank BNI on Tuesday signed a cooperation agreement with Slovakia`s export credit agency Eximbanka SR to support trade between the two countries.The agreement was inked by BNI President Gatot M Suwondo and Chairman of the Board and General Director of Eximbanka SR Mario...
Tue, 11 Oct 2011
Slovakia to invest $1 bn in Indonesia
Slovakia was planning to invest US$ 1 billion in Indonesia, visiting Slovakia President Ivan Gasparovic told reporters on Monday in Jakarta.He said the investment plan would be included in seven agreements due to be signed on Tuesday.
Tue, 11 Oct 2011
Nestle has no plans to invest $200 million in cocoa plantation
PT Nestlé Indonesia announced on Monday that the company had no plans to invest US$200 million in cocoa plantations in Indonesia. The statement was made following a news report published in www.thejakartapost.
Tue, 11 Oct 2011
Cocoa Giant Builds Factory in RI
TEMPO Interactive, Jakarta: A giant in the cocoa industry, Archer Daniels Midland (ADM) Cocoa, plans to build a processing plant in Indonesia."ADM has expressed its interest,” the Industry Ministry’s Food, Maritime Products and Fishery director, Faiz Ahmad, said yesterday.
Tue, 11 Oct 2011
Nestle to invest $200 mln in Indonesia
Jakarta (ANTARA News) - Nutrition, health and wellness company Nestle SA plans to build a cocoa processing plant in Indonesia at a cost of US$200 million to benefit from growing market in the country.Nestle's investment plan must receive support from the government because it would create more...
Tue, 11 Oct 2011
Tourist arrivals in Bali up 9.97 pct
Denpasar, Bali (ANTARA News) - More than 1.84 million foreign tourists visited Bali in the eight months though August 2011, up 9.97 percent from the same period a year earlier."Most of the tourists came to Bali via Ngurah Rai airport by direct flights from their countries.
Tue, 11 Oct 2011
Slovakian companies to invest us$1 bln in RI
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said that a number of private Slovakian companies want to invest US$1 billion in a number of business sectors in Indonesia.In a joint press conference with Slovakian President Ivan Gasparovic here on Monday, Yudhoyono said that the...
Mon, 10 Oct 2011
Obama: First Among Equals in Bali
bali is great. pity about the balinese and bules.
Mon, 10 Oct 2011
Obama: First Among Equals in Bali
No Extraordinary Security Treatment Planned for Obama Visit to Bali for the ASEAN Summit Beyond that Extended to Other World Leaders Expected in Bali.Jakarta Post reports that the Indonesian military command coordinating security for 18 heads of state expected in Bali for the ASEAN Summit November...
Mon, 10 Oct 2011
Toyota Tsusho in $66 mln Indonesian flour investment
Oct 7 (Reuters) - Toyota Tsusho Corp , Malayan Flour Mills Berhad and Indonesia's FKS Capital have agreed to invest $66 million to establish a flour mill company in Indonesia, the trading house affiliated with Toyota Motor Corp said on its website.
Fri, 07 Oct 2011
RI investment chief to meet us tycoon Warren Buffet
Jakarta (ANTARA News) - The head of the Investment Coordinating Agency, Gita Wiryawan, is planning to meet US investor Warren Buffet and invite the latter to invest US$1 billion in Indonesia."I want to ask him (Warren Buffet) to invest only US$1 billion in Indonesia," Gita said on the...
Fri, 07 Oct 2011
RI govt to invest up to Rp2,400 trillion to develop Sulawesi
Jakarta (ANTARA News)- The government plans to invest up to Rp2,400 trillion to develop Sulawesi, Fisheries and Marine Resources Minister Fadel Muhammad said.The development projects in Sulawesi would include among others construction of railway tracks and developing rice producing centers, he said...
Fri, 07 Oct 2011
BKPM optimistic 2011 investment to reach Rp240 trillion
Jakarta (ANTARA News) - The Capital Investment Coordinating Board (BKPM) is optimistic realization of investment in 2011 would reach Rp240 trillion as more investors would come to the country, its chief, Gita Wirjawan said here on Thursday.
Thu, 06 Oct 2011
Miss Universe Likes Batik
TEMPO Interactive, YOGYAKARTA:Miss Universe 2011 Leila Lopez arrived in Yogyakarta yesterday accompanied by Miss Indonesia 2010, Nadine Alexandra, and Miss Environment 2010, Reza Kartikasari. The group went straight to Prambanan Temple.
Thu, 06 Oct 2011
Investor Summit Opened Today
TEMPO Interactive, Jakarta:The Investor Summit and Capital Market Expo will be held on October 5-6. This is the sixth time the event is being held by the Indonesian Stock Exchange and it will be attended by 28 companies.
Thu, 06 Oct 2011
Govt to exempt oil, gas exploration equipment from VAT
Jakarta (ANTARA News) - The government is drafting a regulation that will exempt the import of upstream oil and gas exploration equipment from value added tax, an official said.Director General of Oil and Gas at the Energy and Mineral Resources Ministry Evita Legowo said on Wednesday the new rule...
Thu, 06 Oct 2011
Astra Plans $1.5b Push in 2012
By:Faisal Maliki Baskoro Astra International, the largest automotive retailer in Indonesia, plans to spend $1.5 billion next year on expansion, including an aggressive push into infrastructure, a company executive said on Wednesday.
Wed, 05 Oct 2011
Badung Regency Predicts 10% More Tourists in 2012
Ambitious Tourism Targets from Badung Regency for 2012 Bring Warnings About Putting Quantity Before Quality in Promoting Bali TourismThe tourism service of the Badung regency of Bali is targeting 3 million tourist visits to tourist objects in South Bali in 2012.
Wed, 05 Oct 2011
Pertamina, Santos Indonesian Gas-Oil Fields to Go on Maintenance
Indonesia's state-run Pertamina has planned for maintenance at the offshore North West Java oil and gas field in the second and third weeks of October, energy watchdog BPMigas said on Wednesday.The Maleo gas field in East Java, operated by Santos Indonesia, will also undergo a one-month maintenance...
Tue, 04 Oct 2011
BPK Welcomes Constitutional Court Involvement in Newmont Share Dispute
TEMPO Interactive, Jakarta:Hasan Bisri, the Supreme Audit Agency (BPK) deputy-chairman, said that he has no problem if the Finance Ministry or state investment agency PT Pusat Investasi Pemerintah (PIP) plan to bring the dispute over the Newmont Nusa Tenggara share purchase to the Constitutional...
Tue, 04 Oct 2011
First lady attends national batik day in Pekalongan
Jakarta (ANTARA News) - First Lady Ani Yudhoyono will attend a National Batik Day in Pekalongan, Central Java, on Monday.The First Lady and here entourage, made up of Madame Herawati Boediono, United Indonesia Cabinet Wives Solidarity (SIKIB), Culture and Tourism Minister Jero Wacik, and Trade...
Tue, 04 Oct 2011
Canada to establish strong trade, investment partnership with RI
Jakarta (ANTARA News) - Canada and Indonesia are to strengthen their economic development relations by establishing a trade and investment partnership, a visiting Canadian minister said."One of the strategies to do that is by forging new and deeper trade relationships around the world, and I...
Mon, 03 Oct 2011
Unilever to keep increasing investment in RI : spokesman
Jakarta (ANTARA News) - Multinational corporation Unilever intends to keep increasing its investment and expanding its production facilities in Indonesia as the country is a very important market, a spokesman said.
Mon, 03 Oct 2011
ASEAN, Canada agree to implement joint declaration
Jakarta (ANTARA News) - The Association of Southeast Asian Nations (ASEAN) and Canada have agreed to start implementing their joint declaration on trade and investment.Indonesian Trade Minister Mari Elka Pangestu in her capacity as chief of ASEAN economic ministers and Canadian Minister of...
Fri, 30 Sep 2011
Indonesia crude palm oil export to fall, downstream boost
(Reuters) - Indonesian crude palm oil exports may shrink due to the slowing global economy which could become worse than the 2008 downturn, but downstream industries and domestic demand for biofuels could benefit, the Indonesian Agriculture Minister said on Thursday.
Fri, 30 Sep 2011
Norway Interested in Water Energy Investment
TEMPO Interactive, Jakarta:Several Norwegian investors are interested in investing in hydropower in Makassar, South Sulawesi. “I welcome this intention not only from Norway, but other investors,” said Forestry Minister Zulkifli Hasan yesterday.
Fri, 30 Sep 2011
Bali`s woven handicraft exports worth US$1.6 million
Denpasar, Bali (ANTARA News) - The Bali provincial administration has exported 1.6 million pieces of woven handicraft goods worth US 1.6 million dollars in the January-August 2011 period.The exported woven handicraft goods included woven bags, paper towels, ingke (food places) and artistic...
Fri, 30 Sep 2011
Unilever to invest rp1.1 trillion in n Sumatra
Jakarta (ANTARA News) - Cosmetics producer Unilever plans to build a palm oil processing plant at Semangke, North Sumatra, at a cost of Rp1.1 trillion.The plant would produce fatty acid oil chemicals, Head of the Investment Coordinating Board (BKPM) Gita Wirjawan said after accompanying President...
Thu, 29 Sep 2011
Batik Export Touches Rp536 Billion
VIVAnews - The government said batik export value reached US$60 million or equivalent to about Rp536 billion. The main destination country is the United States."These include batik cloth and its derivative products," said Trade Minister Mari Elka Pangestu, when met after the 2011 World...
Thu, 29 Sep 2011
PT Semen Gresik to acquire coal mine
Jakarta (ANTARA News) - Cement producer PT Semen Gresik Tbk. (SMGR) is conducting a feasibility study with regard to its plan to acquire a coal mine in the Riau province in Sumatra.Its director of business development, Erizal Bakar, said here on Wednesday the acquisition was aimed at assuring...
Thu, 29 Sep 2011
Medco intends to acquire Exxon block in Aceh
Jakarta (ANTARA News) - PT Medco E&P Indonesia intends to acquire two oil blocks in Aceh namely Block B and North Sumatra Offshore offered by ExxonMobil.Its president director, Lukman Mahfoedz said here on Wednesday his side would discuss the plan with Exxon soon.
Wed, 28 Sep 2011
RI enterprises must invest more in IT
International management consultancy Accenture suggested Indonesian enterprises should increase their investment in information technology (IT) in order to support growing businesses, an official said.Accenture’s latest research found that high performing companies have strong IT elements within...