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Thu, 12 Oct 2006
Govt says Exxon's Natuna D-Alpha contract has expired
Govt says Exxon's Natuna D-Alpha contract has expiredJakarta (ANTARA News) - Exxon Mobil Corp's contract at the Natuna D-Alpha oil and gas block has expired, Energy and Mineral Resources Minister Purnomo Yusgiantoro said.
Thu, 12 Oct 2006
Consumer confidence up: Danareksa
Consumer confidence up: DanareksaUrip Hudiono, The Jakarta Post, JakartaConsumer confidence dipped in September as the seasonal drought and Ramadhan fasting month nudged up food prices and affected the job market, the latest survey from Danareksa Research Institute (DRI) shows.
Thu, 12 Oct 2006
Chinese products dominate Indonesia's electronic market
Chinese products dominate Indonesia's electronic marketJakarta (ANTARA News) - Some 45 different brands of electronic products made in China dominate Indonesian market, along with those of Japanese and Korean brands."Many Chinese products are available in Indonesia.
Thu, 12 Oct 2006
Indonesia optimistic Taiwanese investment to increase
Indonesia optimistic Taiwanese investment to increaseJakarta (ANTARA News) - Indonesia intensified its luring Taiwanese investors to come to Indonesia, because their number has been decreasing since they preferred operating in China.
Thu, 12 Oct 2006
Foreign Property Ownership Proposed to Be 70 Years
Foreign Property Ownership Proposed to Be 70 YearsWednesday, 11 October, 2006 | 12:33 WIBTEMPO Interactive, Jakarta: The Public Housing Ministry has proposed that foreign parties’ right of use on properties in Indonesia be extended from the current 25 years to 70 years.
Thu, 12 Oct 2006
BPK Still Cannot Audit Data of Taxpayers
BPK Still Cannot Audit Data of TaxpayersWednesday, 11 October, 2006 | 11:40 WIBTEMPO Interactive, Jakarta: The Directorate General of Taxes has refused the request of the Supreme Audit Agency (BPK) to provide access to data of taxpayers.
Wed, 11 Oct 2006
Dutch bizman to invest in Aloe Vera Plantation in Bali
Dutch bizman to invest in Aloe Vera Plantation in BaliDenpasar, Bali (ANTARA News) - A Dutch businessman, Henk Swanberg, said he was planning to invest in an Aloe Vera plantation in Bali Island.Bali Island was a suitable place to develop and cultivate Aloe Vera, Swanberg said here on Tuesday.
Wed, 11 Oct 2006
State Gas Company to Manage Coal Bed Methane
State Gas Company to Manage Coal Bed Methane at BanyuasinTuesday, 10 October, 2006 | 16:29 WIBTEMPO Interactive, Jakarta: PT Perusahaan Gas Negara (PGN), a state gas company, and the government of the Banyuasin Regency will organize a coal bed methane site at the Banyuasin Regency, South Sumatera.
Wed, 11 Oct 2006
Pertamina's Plan to Import LPG Tubes Denied
Pertamina's Plan to Import LPG Tubes DeniedTuesday, 10 October, 2006 | 13:17 WIBTEMPO Interactive, Jakarta: The Department of Industry has rejected the plan of PT Pertamina (Persero) to import 200 thousand LPG tubes from China due to the conversion program of kerosene to LPG this year.
Wed, 11 Oct 2006
American investors ask government to lower tax hurdles
American investors ask government to lower tax hurdlesUrip Hudiono, The Jakarta Post, JakartaThe government could do more to improve Indonesia's tax system in order to attract more investment from the U.S., a business delegation from that country says.
Wed, 11 Oct 2006
Garuda Indonesia’s Debt Restructuring Delayed
i dont care kuku, garuda got a very bad reputation anyway. i'm glad that they are in a deep shit! and dont fly into LA anymore! its very "malu-maluin".
Wed, 11 Oct 2006
Garuda Indonesia’s Debt Restructuring Delayed
Garuda Indonesia’s Debt Restructuring DelayedMonday, 09 October, 2006 | 20:38 WIBTEMPO Interactive, Jakarta: The restructuring of PT Garuda Indonesia’s debt amounting to US$794 million, or Rp7.3 trillion, to several domestic and foreign creditors has been delayed.
Wed, 11 Oct 2006
Car Sales Rise 30 Percent
Car Sales Rise 30 PercentTuesday, 10 October, 2006 | 09:17 WIBTEMPO Interactive, Jakarta: Approaching the Eid holiday, leading car producers in Indonesia have recorded sales rises pf 30 percent compared to previous months.
Tue, 10 Oct 2006
Mining Holding Company to Be Established in Early 2007
Mining Holding Company to Be Established in Early 2007Monday, 09 October, 2006 | 13:10 WIBTEMPO Interactive, Jakarta: The government a form the mining holding company (Indonesian Resources Company) in the first half of next year.
Tue, 10 Oct 2006
President hopes additional 10,000 MW power
President hopes additional 10,000 MW power to meet demand in Java, BaliBondowoso (ANTARA News) - President Susilo Bambang Yudhoyono has expressed hope that the planned production of 10,000 additional megawatts of electric power in Java and Bali islands in the 2009-2010 period would bring about...
Tue, 10 Oct 2006
Bakrie Telecom ups target to 1.5m customers
Bakrie Telecom ups target to 1.5m customersThe Jakarta Post, JakartaPT Bakrie Telecom has revised upward its 2006 customer target from 1.3 million to 1.5 million.The target revision was due the company already registering 1.3 million customers for their Esia product by late September.
Tue, 10 Oct 2006
Mobitel to float 3.9 billion shares on JSX
Mobitel to float 3.9 billion shares on JSXThe Jakarta Post, JakartaPT Mobile-8 Telecom (Mobitel) will issue 3.9 billion shares on the Jakarta Stock Exchange later next month to raise fresh funds for financing the expansion of its Code Division Multiple Access (CDMA)-based wireless telecommunication...
Tue, 10 Oct 2006
Govt finalizing implementation of citizenship law
Govt finalizing implementation of citizenship lawAdisti Sukma Sawitri, The Jakarta Post, JakartaThe much applauded Citizenship Law passed in July is yet to be workable because it lacks the necessary ancillary government regulations.
Mon, 09 Oct 2006
Chevron expects decrease in oil/gas production
Chevron expects decrease in its oil/gas production in IndonesiaJakarta (ANTARA News) - US-based Chevron Corporation estimates that its oil and gas production in Indonesia will undergo a decline of 8 or 9 percent to 555,000 barrels/day in 2007 from 610,000 barrels/day in 2006, a spokesman said.
Mon, 09 Oct 2006
Dodgy water business
Dodgy water businessDo Jakartans care about World Habitat Day which falls on the first Monday of October? Should they do so when their wells are running out of water in this dry season? The answers to these questions will be "No".
Mon, 09 Oct 2006
City bill to spare Jakarta from old problems
Capital city bill to spare Jakarta from old problemsWilmar Salim, Manoa, HawaiiThe new bill to replace the 1999 Government of the Special Capital District Law currently being debated in the House of Representatives demonstrates how discussion on the capital city legislation is being cluttered by...
Mon, 09 Oct 2006
"Government will guarantee new power plants"
VP says government will provide guarantees for new power plantsTony Hotland, The Jakarta Post, JakartaVice President M. Jusuf Kalla gave assurances Friday that the government would provide guarantees to investors in new power plants if state electricity firm Perusahaan Listrik Negara (PLN) found...
Mon, 09 Oct 2006
BHP to start production in Haju Block next year
BHP to start production in Haju Block next yearBenget Simbolon Tnb., The Jakarta Post, JakartaPT BHP Biliton will start coal mining at the Haju block in Central Kalimantan next year, with initial production expected to be about 700,000 tons per year.
Fri, 06 Oct 2006
BI rate cut seen as positive sentiment for property business
BI rate cut seen as positive sentiment for property businessJakarta (ANTARA News) - Developers consider Bank Indonesia`s decision to lower its rate by 50 base points to 10.75 percent to be a positive sentiment for developemnt of the national property business, an industry spokesman said.
Fri, 06 Oct 2006
Government Optimistic that Growth of Exports Reach 17 Percent
Government Optimistic that Growth of Exports Reach 17 PercentFriday, 06 October, 2006 | 14:26 WIBTEMPO Interactive, Jakarta: The government is optimistic that by the end of year export growth will reach 17 percent.
Fri, 06 Oct 2006
Not Many Investors for Four Electric Projects
Not Many Investors for Four Electric ProjectsThursday, 05 October, 2006 | 16:12 WIBTEMPO Interactive, Jakarta: Four out of 10 electric projects are being re-tendered because only two investors are interested.
Fri, 06 Oct 2006
Bureaucracy Hinders Growth of Credit
Bureaucracy Hinders Growth of CreditThursday, 05 October, 2006 | 15:48 WIBTEMPO Interactive, Jakarta: The government has been asked to improve the system of bureaucracy which is related to the business world.
Wed, 04 Oct 2006
Piracy cripples local software makers
Piracy in local software makers? It's the same with music and cinema... And as far as I know, those branch of industry don't have any kind of financal support in Indonesia. Dubbing music is killing music, a wise man said.
Wed, 04 Oct 2006
Piracy cripples local software makers
Piracy cripples local software makersAndi Haswidi, The Jakarta Post, JakartaIndonesia currently holds the dubious honor of having the world's third-most flourishing piracy industry. This seems to be a situation that is unlikely to change, until the true economic consequences of piracy are felt.
Wed, 04 Oct 2006
Indonesia needs to rely more on domestic market: Rabobank
Indonesia needs to rely more on domestic market: RabobankAndi Haswidi, The Jakarta Post, JakartaAs global demand for Indonesian products decreases in 2007 in line with a predicted slowdown in the world's economy, the country's domestic market will become more important, a Rabobank study says.
Tue, 03 Oct 2006
India's TVS makes Indonesia production base in SE Asia
India's TVS makes Indonesia production base in SE Asia Indian motorcycle producer TVS Motor Company has vowed to make Indonesia as its production base in Southeast Asia, with production set to begin in early 2007, a local newspaper reported Tuesday.Having invested 43 million U.S.
Tue, 03 Oct 2006
BI: Foreign or Local Banks May Acquire Small Banks
BI: Foreign or Local Banks May Acquire Small BanksTuesday, 03 October, 2006 | 15:12 WIBTEMPO Interactive, Jakarta: Bank Indonesia will not discriminate against local or foreign bankers in terms of buying small banks.“We can’t make a difference between (foreign or local banks).
Tue, 03 Oct 2006
Public Can Own Mining Stocks
Public Can Own Mining StocksTuesday, 03 October, 2006 | 16:44 WIBTEMPO Interactive, Jakarta: The government is exploring the plan of selling the shares of Indonesian Resources Company to the public.Roes Aryawijaya, Deputy State Enterprises Minister, explained the government will combine share...
Tue, 03 Oct 2006
Banks ready to disburse Yogyakarta reconstruction fund
Banks ready to disburse Yogyakarta reconstruction fundYogyakarta (ANTARA News) - Some banks in Yogyakarta special province were ready to channel the first batch of reconstruction program fund to Seloharjo village in Pundong subdistrict in Bantul district which was severely hit by earthquake last...
Tue, 03 Oct 2006
It's time for Indonesia to focus on the economy
It's time for Indonesia to focus on the economyA'an Suryana, College Park, MarylandVice President Jusuf Kalla shared good news about the country with the American public during his recent visit to the United States: Indonesia, which was once beleaguered by economic and political crises, is now...
Tue, 03 Oct 2006
Gap, Banana Republic stores to open in Indonesia
Gap, Banana Republic stores to open in IndonesiaSingapore (ANTARA News) - Singapore's FJ Benjamin, a franchise partner of US specialty retailer Gap Inc, said Tuesday it plans to open 15 Gap, BabyGap and GapKids stores and five Banana Republic stores in Indonesia by 2011.
Tue, 03 Oct 2006
Indonesian construction shares up on hopes of more contracts
Indonesian construction shares up on hopes of more contractsJakarta (ANTARA News) - Construction companies' shares were higher in mid morning trade as investors expect a pickup in contracts in the fourth quarter given the government's stated intention to speed up its infrastructure rollout plans in...
Tue, 03 Oct 2006
RI exports show record growth
RI exports show record growthAndi Haswidi, The Jakarta Post, JakartaHigh global demand for non-oil and gas commodities, including crude palm oil, coal and rubber, has once again helped the country's total exports reach a record growth level.
Tue, 03 Oct 2006
3G smartphones pack in the features
3G smartphones pack in the featuresZatni Arbi, Contributor, JakartaThe new 3G W-CDMA cellphone technology is now available in a growing number of areas throughout the world, including, after some waiting, Indonesia. But not everywhere in the country.
Tue, 03 Oct 2006
Gap expands F J Benjamin Holdings relationship to Indonesia
Gap expands F J Benjamin Holdings relationship to IndonesiaSAN FRANCISCO (MarketWatch) -- Gap Inc. (GPS :The Gap, Inc.) Monday evening said it has expanded its relationship with F J Benjamin Holdings Ltd. to include Indonesia.
Tue, 03 Oct 2006
Banking industry needs strong medicine: BI
Banking industry needs strong medicine: BIThe Jakarta Post, JakartaComplying with the Basel II international best banking practices on minimum capital requirements and risk management is the strong medicine the industry needs to take if the system is to gain soundness, the central bank says.
Tue, 03 Oct 2006
Mobile-8 plans to sell 19.91 pct stake in IPO
Mobile-8 plans to sell 19.91 pct stake in IPOJakarta (ANTARA News) - PT Mobile-8 Telecom, a CDMA-based mobile phone operator, said it plans to sell 3.9 bln shares or 19.91 pct of its enlarged capital through an initial public offering and has yet to fix the IPO price.
Tue, 03 Oct 2006
Investors Anticipate Decrease in BI Rate
Investors Anticipate Decrease in BI RateMonday, 02 October, 2006 | 20:18 WIBTEMPO Interactive, Jakarta: Analysts are predicting that investors will focus on company shares that will gain positive impacts due to the planned decrease of the Bank Indonesia (BI) RateThe analysts are convinced that the...
Tue, 03 Oct 2006
Govt should not worry about capital flight, says observer
Govt should not worry about capital flight, says observerJakarta (ANTARA News) - The Indonesian government should not worry about foreign capital flight as many factors in Inonesia were still attractive to foreign investors, an observer said.
Tue, 03 Oct 2006
BPS: inflation in October to drop below two digits
BPS; inflation in October to drop below two digitsJakarta (ANTARA News) - The Central Bureau of Statistics (BPS) predicts year-on-year inflation in October will drop below two digits after reaching 14.55 percent in September.
Mon, 02 Oct 2006
Bali has a better name and image than the Caribbean: Bvlgari
I seem to remember that Bulgari paid fay weldon a stackload to product place in her novel a while back? " Family businesses are common in Italy. But probably there are more in Indonesia."aha!Got it!We have a nasty spraytannesque versace resort in brisvegas or the gold coast somewhere-palazzo...
Mon, 02 Oct 2006
Bali has a better name and image than the Caribbean: Bvlgari
Bali has a better name and image than the Caribbean: Bvlgari Alvin D. Soedarjo, The Jakarta Post, Uluwatu, BaliThe Bvlgari brand has come a long way since its inception in 1884. Founded by Greek emigrant Sotirio Bvlgari as a jewelry business, the company, which is based in Rome, Italy, has expanded...
Mon, 02 Oct 2006
Indonesia must push pace of reform or get left behind by other countries
Indonesia must push pace of reform or get left behind by other countriesDavid O'Brien, JakartaThe issue of continued slow recovery of the Indonesian economy and in particular the perception of Indonesia as a suitable investment destination has again hit the spotlight.
Mon, 02 Oct 2006
Wide gap persists between macro and micro-economy
Wide gap persists between macro and micro-economyUmar Juoro, JakartaMacroeconomic stability has gradually been restored after the shock of the fuel hikes in October 2005. Inflation, at least on a month-to-month basis has been showing a declining trend, even though on a year-on-year basis it remains...