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Tue, 11 Sep 2007
Global Media Sells Plaza Indonesia Stake for $59m
PT Global Mediacom, Indonesia's largest media company, said it sold a stake in PT Plaza Indonesia Realty, raising Rp552 billion ($59 million).Global Mediacom sold 649.3 million Plaza Indonesia shares at Rp850 each in a series of transactions from August 22 to 24, it said in a statement to the...
Tue, 11 Sep 2007
Excelcom to Cut Some Mobile Call Rates
The country’s third largest mobile phone company, PT Excelcomindo Pratama, will offer price discounts in Jakarta and Bali to win subscribers.Excelcom plans to charge rates as low as Rp60 a minute in the two cities starting this month, president director Hasnul Suhaimi said in a recent interview...
Tue, 11 Sep 2007
30m Hectares of Land for Farm Bank
The government has set a target of earmarking a total of 30 million hectares of land in the country as permanent farmland, which cannot be converted for other purposes, Agriculture Minister Anton Apriyantono said."To date, Indonesia only has about 7.4 million hectares of farmland.
Tue, 11 Sep 2007
Steps to Lower Cooking Oil Prices
The government is planning steps to ensure that domestic cooking oil prices ease by 10% to 15% in the next few weeks, a senior government official said on Wednesday (5/9/07)."We cannot afford cooking oil prices to remain high as our main festival season of Ramadhan and Idul Fitri is approaching,"...
Tue, 11 Sep 2007
Sharp to Build LCD TV Assembly Plant in Jakarta
Japanese electronic company PT Sharp Electronics Indonesia plans to build an assembly plant for liquid crystal display (LCD) television sets in Jakarta early next year.The facility is planned to increase the market share of Sharp LCD especially for 20-, 26- and 32-inch types in the country, company...
Tue, 11 Sep 2007
Bayer to Set Up Production Base in W. Java
A unit of German drug and chemicals group Bayer AG aims to make an expanded plant in Indonesia an Asia-Pacific production base for consumer care products.Hans-Josef Schill, president director of PT Bayer Indonesia, was quoted as saying by The Jakarta Post on Friday (7/9/07) that the expansion of...
Tue, 11 Sep 2007
India’s KS Oils to Buy Palm Plantations
India's leading rapeseed oil manufacturer, KS Oils Ltd, plans to buy palm plantations in Indonesia and Malaysia to meet growing edible oil demand in India, its managing director said Thursday (6/9/07)."We have chalked out a plan to buy around 8,000 to 12,000 hectares of palm plantations in both...
Tue, 11 Sep 2007
Investment Back to Pre-Crisis Level: BKPM
Investment approvals have returned to those before the economic crisis of 1998, the head of the Investment Coordinating Board (BKPM), M. Lutfi, was quoted as saying by Dow Jones Newswires. Lutfi said he expects total investment commitments by both foreign and local investors to reach $55 billion by...
Tue, 11 Sep 2007
Foreign Capital Flows Back
Foreign capital has begun to return to domestic financial instruments after large capital outflows from Bank Indonesia promissory notes (SBI) and state bonds as a result of global financial turmoil, a Bank Indonesia (BI) official said, according to Antara.
Tue, 11 Sep 2007
Investments More Than Double in First 8 Months
Actual domestic and foreign direct investments (FDI) in Indonesia during the first eight months of the year rose 123% from a year earlier to $11.70 billion, the National Investment Coordinating Board (BKPM) said Friday.Actual FDI in the January to August period rose 106.9% from last year to $8.
Tue, 11 Sep 2007
US To Lift Bali Travel Warning
The US will soon lift its travel warning to Bali as the Ngurah Rai international airport has met international security standards.Chadik Wibowo, aviation security manager of state-owned airport operator PT Angkasa Pura I at Ngurah Rai, told The Jakarta Post on Saturday (8/9/07) the Transportation...
Tue, 11 Sep 2007
Shanghai Electric starts construction of US$800 mln power plant in Indonesia
Jakarta (ANTARA News) - Indonesian state-owned power company PT Perusahaan Listrik Negara (PLN) said that a consortium led by Shanghai Electric Group will begin construction Monday of a coal-fired power plant worth about 800 million US dollars in the west Java town of Pelabuhan Ratu.
Tue, 11 Sep 2007
Indonesian consumer confidence improves in August
Jakarta (ANTARA News) - Indonesia's consumer confidence improved in August from the previous month with fewer respondents downbeat about employment conditions in the next six months, according to the results of a survey by the central bank released on Tuesday.
Mon, 10 Sep 2007
Esia enters E. Java CDMA market, TelkomFlexi offers special rates
Cellular phone operator PT Bakrie Telecom, through its CDMA brand Esia, has expanded its services to the East Java cities of Surabaya and Malang.Supported by 102 base transceiver stations in the two cities, the company is upbeat about competing with other CDMA operators and more established players...
Sat, 08 Sep 2007
Foreign direct investment in Indonesia leaps 123% Jan-Aug
Usual bullshit statistics from the investment coordination board (BKPM). January to August indeed. what we really need to see is the impact of the new "negative list" on investment for foreigners, implemented on 3rd July! i wonder why they wont release monthly figures, hmmm?? i guess investment...
Sat, 08 Sep 2007
Tourism Minister Expresses Doubts that Tourism Targets will be Achieved
With 5 Months Left in the Year, Indonesia Needs 3.43 Million to Hit Targeted 6 Million Foreign Visitors in 2007.(9/7/2007) Following several pronouncements expressing confidence that the target of 6 million foreign visitors to Indonesia would be achieved in 2007, Indonesia's Minister of Culture and...
Sat, 08 Sep 2007
Freehold Land Title for Foreigners in Bali: Caveat Emptor
Editorial: Amidst Bali's Current Property Boom, Our Quick Primer for Foreigners Wishing to 'Own' Property in Bali.(9/7/2007) Foreigners trying to obtain a freehold title on land in Indonesia should note that current law is abundantly clear on both the intent and letter of the law: namely,...
Sat, 08 Sep 2007
Garment producers told to understand their market
To improve the country's competitiveness in the global garment industry, a panel of experts has called for Indonesian producers to improve their understanding of the market's needs.The experts were speaking Friday during the launch of the Indonesian Apparel Industry Networking Event, which is part...
Sat, 08 Sep 2007
Batam hosts regional investment expo
A three-day regional investment promotion expo got underway in Batam on Friday, with all 33 of country's provinces taking part in the hope of piquing the interest of investors."With this event, we expect to facilitate and perhaps open up investment opportunities for investors," Darmawan Djajusman...
Sat, 08 Sep 2007
Foreign direct investment in Indonesia leaps 123% Jan-Aug
Jakarta (ANTARA News/Asia Pulse) - The value of foreign direct investment in the country skyrocketed 123.16 per cent year-on-year to reach US$11.7 billion in the first eight months of this year.Implementation of foreign investment projects surged 106.8 per cent to US$8.
Thu, 06 Sep 2007
Golkar offers free love to big business
Despite the looming 2009 elections, Golkar turned the age-old script of how to get business backing on its head Wednesday, putting the begging bowl away and instead using a meeting to ask invited businessmen what the party could do for them.
Thu, 06 Sep 2007
Foreign firms investing US$37.93 million in N Sulawesi
Manado, N Sulawesi (ANTARA News) - Ten foreign investment projects totaling US$37.93 million are carried out in North Sulawesi province this year, a local official has said."There were 18 foreign investment programs totaling $69.
Wed, 05 Sep 2007
Immigration office arrests three Malaysians over working permit
"..funny that a champion karate coach could not dispose of 4 podgy malay policemen ..."...yes, but you're talking about an Indonesian karate champion...
Wed, 05 Sep 2007
Indonesia’s Country Branding Weak due to Inconsistent Leaders
so, there you go. indonesia's problems have nothing to do with rampant corruption, incompetent bureacracy, murderous military, moronic politicians, manpower chaos, etc etc. no, no, no. it's the brand that's the problem!
Wed, 05 Sep 2007
Indonesia’s Country Branding Weak due to Inconsistent Leaders
TEMPO Interactive, Jakarta: The creation of Country Branding (CB) or positive images about a country from the eyes of the world is crucial in determining its success in global competition. Unfortunately, Indonesia is regarded as failing to create CB due to a lack of the leaders’ consistency.
Wed, 05 Sep 2007
Royalties on mineral ores may be raised, lawmaker says
The government may raise the royalties on certain mineral ores under the new mining bill, a legislator involved in the deliberation of the bill says.Chairman of the House of Representatives' energy and mineral resources commission, Airlangga Hartarto, said Tuesday that the current royalties on...
Wed, 05 Sep 2007
Aabar set to spend big in RI
The Middle East's first publicly listed company in the oil and gas sector, Aabar Petroleum Investment Company, plans to invest US$500 million in the next three years on exploration and production work in Indonesia.
Wed, 05 Sep 2007
Antam, Rusal may build alumina smelter
State-owned miner PT Aneka Tambang (Antam) is set to team up with a Russian mining firm, Rusal, to conduct a feasibility study on the construction of an alumina smelter in Tayan, West Kalimantan, Aneka's senior executive says.
Wed, 05 Sep 2007
Pricey expressways? Let the train take the strain!
The government finally implemented an average 20 percent toll increase on 13 turnpikes Tuesday. This is consistent with a 2004 regulation that requires toll adjustments to be carried out every two years based on the average inflation rate in the relevant region.
Wed, 05 Sep 2007
Orangutans squeezed by biofuel boom
Indonesia, conservationists have different views of palm oil plantationsUpdated: 12:49 p.m. ET Sept. 4, 2007TUMBANG KULING, Indonesia - Naingolan shunts the excavator into high gear and tears into a patch of smoldering forest on Borneo island, clearing the way for yet another palm oil plantation...
Wed, 05 Sep 2007
Bakrie Telecom to sell affordable cell phones
PT Bakrie Telecom, whose cellular business trades under the Esia brand, is to sell handsets at relatively affordable prices, in cooperation with China-based vendor Huawei, so as to help boost the number of its subscribers to 3.6 million by the end of the year.
Wed, 05 Sep 2007
N Sulawesi expo may win investment agreement Rp2 trillion
Jakarta (ANTARA News) - The North Sulawesi administration has set a target of obtaining investment transactions worth Rp2 trillion from an investment exhibition or North Sulawesi (Sulut) Expo which is being held here from September 1 to 5.
Tue, 04 Sep 2007
Immigration office arrests three Malaysians over working permit
Originally Posted By: DilliPerhaps Tit for Tat regarding the number of Indonesians working illegally in Malaysia and something to do with Karate? funny that a champion karate coach could not dispose of 4 podgy malay policemen ...
Tue, 04 Sep 2007
Immigration office arrests three Malaysians over working permit
Perhaps Tit for Tat regarding the number of Indonesians working illegally in Malaysia and something to do with Karate?
Tue, 04 Sep 2007
Immigration office arrests three Malaysians over working permit
some real oddities in this story. Quote:Ibrahim said the three had been arrested last Friday when they were about to extend their temporary visa.excuse me, but if they had tourist visas, then (legal) extension is impossible! so what was it; a tourist visa (VoA), or perhaps an extendable...
Tue, 04 Sep 2007
Immigration office arrests three Malaysians over working permit
BOGOR, West Java (Antara): The Bogor Immigration Office has arrested three Malaysians, identified as The Choong Eng (53), Yap Yuen Loy (43), and Tee Kok Khing (31), for violating immigration permits and other papers, an official said.
Tue, 04 Sep 2007
Morgan Stanley Prepares Billion Dollar Fund
TEMPO Interactive, Jakarta: Morgan Stanley is preparing US$1.5 billion fund (around Rp10 trillion) for investment in several Asian countries, including Indonesia.According to Morgan Stanley’s Private Equity Managing Director, H.
Tue, 04 Sep 2007
Oil-rich Riau sets sights on more investors
To attract more investors, the Riau administration will put 25 projects, with a total value of Rp 24 trillion (US$2.53 billion), on the table during the Riau Investment Summit 2007 (RIS) in the provincial capital, Pekanbaru, on Nov. 7-8.
Tue, 04 Sep 2007
RI enjoys $3.55 B surplus in foreign trade
Jakarta (ANTARA News) - Indonesia saw a surplus of US$3.55 billion in its foreign trade in August with exports rising to US$9.81 billion and imports standing at US$6.26 billion.Cumulatively, the country`s trade surplus in the first seven months of 2007 reached US$23.
Tue, 04 Sep 2007
European tourist arrivals in Indonesia unaffected by flight ban
Jakarta (ANTARA News) - The ban by the European Aviation Authority for the Indonesian airlines to fly over its airspace does not affect the flow of European tourists arriving in Indonesia, a spokesman said.
Tue, 04 Sep 2007
Govt to earmark 30 million ha of land for permanent farming
Surabaya (ANTARA News) - The government has set itself the target of earmarking a total of 30 million hectares of land in the country as permanent farmland which cannot be turned into land for other purposes, Agriculture Minister Anton Apriyantono said."To date, Indonesia only has about 7.
Tue, 04 Sep 2007
Adidas Workers Cannot Seize Company’s Assets
TEMPO Interactive, Jakarta: Manpower and Transmigration Minister Erman Soeparno stated that the workers of PT Tong Yang Indonesia (TYI) Group, which produces Adidas and Reebok shoes, cannot seize the company’s assets for their severance pay.
Tue, 04 Sep 2007
Indonesia Not Main Market for Cheap Laptop
TEMPO Interactive, Jakarta: Indonesia is not the main market for the cheap laptop produced by Asustek Computer, Taiwan. Asus Indonesia’s spokesperson, Titi Kristiani, said that so far her she has not yet received any information from Taiwan regarding the arrival of the cheap laptop.
Mon, 03 Sep 2007
Consortium to Clinch Geothermal Project
A consortium of Indonesia's Medco Energi, Itochu of Japan and US contractor Ormat is finalizing details with state-owned companies Pertamina and PLN for the $800 million Sarulla geothermal project in North Sumatra, Upstream reported on Friday (31/8/07).
Mon, 03 Sep 2007
Bank ANK to Merge with Commonwealth
Bank Arta Niaga Kencana will be merged into the Commonwealth Bank of Australia (CBA) once a planned takeover is completed, the banks said Friday (31/8/07), according to Agence France-Presse.CBA has already purchased ANK stocks held by private shareholders, amounting to 57% of the bank.
Mon, 03 Sep 2007
Excelcom Targets Revenue Growth Above 20%
Cellular phone operator PT Excelcomindo Pratama expects to maintain its annual revenue growth rate at more than 20% through to 2010, driven by a consistent increase in subscribers, despite an increasingly competitive market, its president director said.
Mon, 03 Sep 2007
China's ZTE Corp Ties Up with Telkom
China's ZTE Corp, a provider of telecommunications equipment, said in a statement that it has signed an agreement to help expand PT Telkom's CDMA2000 network capacity, XFN-Asia reported. Under the contract, the network expansion will cover the four main cities in the eastern part of Sulawesi.
Mon, 03 Sep 2007
H1 Tourist Arrivals Up 12.2% Yr-on-Yr
The number of foreign tourists who visited Indonesia in the first half of the year was up 12.2% compared to the same period last year, a Tourism Department official said.Some 2,143,000 foreign tourists visited the country from January to June, compared to 1,909,600 in the same time last year, the...
Mon, 03 Sep 2007
Lippo Group to Invest $650m in Multimedia
Lippo Group is set to invest $650 million in its multimedia business PT First Media over a period of four years to develop its cable network, a First Media executive said on Thursday (30/8/07), according to Reuters.
Mon, 03 Sep 2007
Altimo Keen on Indonesia Investment
Altimo, a subsidiary of Russia's Alfa Group, remains keen on its investment plans for Indonesia, a company official said."We will never give up on our plan, including the possibility of buying a mobile telecommunications operator here," Altimo local chief representative Suharto told The Jakarta...