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Mon, 09 Jun 2008
ST Telemedia move on Indosat stake `an insult` to RI legal system - KPPU
Jakarta (ANTARA News) - Singapore Technologies Telemedia's (ST Telemedia) decision to sell its entire stake in PT Indosat Tbk, Indonesia's second-largest mobile phone company, to partner Qatar Telecom is "an insult" to the legal system here, an official of the country's anti-trust body said on...
Mon, 09 Jun 2008
WB ready to hold dialogs on Jakarta monorail project
Jakarta (ANTARA News) - The World Bank said still had no plan to finance the Jakarta monorail project because it was not included in its priority projects but it was ready to hold dialogs on the possibility of providing financial assistance.
Mon, 09 Jun 2008
Indonesia to open trade promotion centers in 11 cities abroad
Jakarta (ANTARA News) - Indonesia will open trade promotion centers (ITPC) for export products in eleven cities in the world in 2008 to strenghten penetration to foreign markets."We have just received a permit to process another eleven.
Mon, 09 Jun 2008
Agriculture minister offers opportunities to invest in agribusiness
Jakarta, (ANTARA News) - The Agriculture Ministry had offered investment opportunities in the agribusiness sector in Indonesia to foreign participants at the Food Resilience Summit in Rome, Italy, sometime ago.
Sun, 08 Jun 2008
RI, India to finalize talks on economic cooperation accord in August
Jakarta (ANTARA News) - Indonesia and India are expected to finalize talks for conclusion of a comprehensive economic cooperation agreement in August, an envoy said."It is being drafted. We hope in one month`s time there will be a meeting to that effect.
Sun, 08 Jun 2008
Wood certification ups market access
Hyginus Hardoyo, The Jakarta Post, Jakarta Indonesian wooden furniture producers verified under third-party sustainable forest or legal logging licenses are guaranteed better access to the international market, a discussion revealed Wednesday.
Sun, 08 Jun 2008
Govt`s tax receipts up 47.63 percent
Jakarta (ANTARA News) - Taxation Director General Darmin Nasution said the government`s tax receipts in the first five months of 2008 increased 47.63 percent to Rp217.3 trillion from Rp147.2 trillion in the same period a year earlier.
Sun, 08 Jun 2008
Indonesian govt to launch 2nd crash program to generate power
Jakarta (ANTARA News/Asia Pulse) - The Indonesian government plans to launch another crash program to build power plants with a total investment of Rp100 trillion (US$11 billion) after the completion of the first program.
Sun, 08 Jun 2008
Property developer BSD eyes Rp 1.5t sales
JAKARTA: PT Bumi Serpong Damai (BSD), developer of the popular satellite city complex southwest of Jakarta, expects to seal Rp 1.5 trillion (US$163 million) in sales revenue this year on the back of stronger property demand.
Sun, 08 Jun 2008
Chevron, Medco to tap RI geothermal potential
Seventeen companies, including U.S. oil giant Chevron and the nation's second largest oil producer Medco Energi Internasional, have tabled bids to develop geothermal projects in West Java, an official says.
Sun, 08 Jun 2008
Non-performing Loans Reach 50 percent
Friday, 06 June, 2008 | 14:29 WIBTEMPO Interactive, Jakarta: The head of the Industrial-Trading & Cooperating Agency (Disperindagkop) for Banyuwangi, I Nyoman Wirayatsa, said non-performing loans of small-to medium- sized firms and enterprises reached an average of 50 percent in 2003 to 2008.
Fri, 06 Jun 2008
RI to record highest economic growth in Asia by 2011, says chief minister
Bandarlampung (ANTARA News) - People`s Welfare Coordinating Minister Aburizal Bakrie said the highest economic growth in Asia in 2011 may prevail in Indonesia."In his meeting with Vice President Yusuf Kalla, Bakrie said Indonesia may reach the highest economic growth in Asia in 2011 by implementing...
Thu, 05 Jun 2008
Entrepreneurs Raise Food and Transport Allowances
This policy was advised in order to maintain stable relationships between companies and their employees.“This is so that employees do not need to ask for salary rises which would place a burden on companies,” he said.
Thu, 05 Jun 2008
Ecotourism is the way to go for Bali, activists say
Dicky Christanto, The Jakarta Post, DenpasarEnvironmental activists have urged the Balinese to abandon the island's prevailing mass tourism scheme and embrace ecotourism, believed to be the only way to generate profits without damaging the environment.
Thu, 05 Jun 2008
Govt to shield creative industry with copyrights
Novia D. Rulistia, The Jakarta Post, Jakarta The government plans to provide a framework for the protection of copyrights and financial assistance to help encourage creative businesses, a minister Wednesday said.
Thu, 05 Jun 2008
Govt planning second 10,000-MW series of power plants
Jakarta (ANTARA News) - The government is drawing up a program to build a second series of power plants with a combined capacity of 10,000 MW across the country to keep up with the mounting public need for electricity, a minister said.
Thu, 05 Jun 2008
Exports, investments remain key driving force for 2008 economic growth
Jakarta, (ANTARA News) - Exports and investments will remain the key driving force of Indonesia`s economic growth this year, a National Development Planning Agency (Bappenas) official said."Thus, it is important to maintain the community`s and business world`s confidence in the national economy.
Thu, 05 Jun 2008
Jakarta and environs will have 15,000 new businessmen
Jakarta, (ANTARA News) - Cooperatives, Small and Medium Entrepreneurs Ministry has projected 15,000 new businessmen in the Jakarta and environs including Depok, Bogor, Tangerang and Bekasi this year."We will develop a national entrepreneurs movement program (Getuknas) for high school and university...
Thu, 05 Jun 2008
Entrepreneurs Raise Food and Transport Allowances
Wednesday, 04 June, 2008 | 14:36 WIBTEMPO Interactive, Jakarta: The Indonesian Employers Association (Apindo) has stated that entrepreneurs have eventually followed the government's suggestion about helping reduce the burden on employees after the fuel price rises by increasing their meal and...
Wed, 04 Jun 2008
Waterlogged Jakarta
Poor infrastructure and lack of planning mean Indonesia’s capital will likely be under water again this weekIt was the ultimate traffic-jam solution. Tidal floods early this year had blocked the road to Jakarta’s airport, turning an hour-long journey into the day trip from hell.
Wed, 04 Jun 2008
Oil and gas investment to rise, but risks remain
The Jakarta Post , JakartaDespite a trend of investment growth in the oil and gas sector helped by rising prices of the commodities, Indonesia is still in danger of a sudden capital outflow, a survey says.
Wed, 04 Jun 2008
Lower CPO prices help push down exports
Total exports in April dropped by 7.78 percent from the previous month, due to a combination of declining crude oil and gas exports and lower crude palm oil prices, the Central Statistics Agency (BPS) said Monday.
Wed, 04 Jun 2008
For foreign investors, copyright is not a joke
Achmad Zen Umar Purba, JakartaThis is certainly not a joke -- unless data provided by the World Bank (WB) in Doing Business 2008 is incorrect.In the book, the WB ranked Indonesia 123 of 178 countries in terms of doing business.We are far behind Singapore, which ranked number 1. But this isn't news.
Wed, 04 Jun 2008
RI should not become flooded by smuggled goods: minister
Jakarta (ANTARA News) - Minister for Cooperatives and Small-and-Medium Scale Enterprises Suryadharma Ali said that all parties should try to prevent Indonesia from being flooded by smuggled goods as it would harm the interest of small-and medium-sized businesses.
Wed, 04 Jun 2008
Domestic demand for textiles falls 27 Pct
Jakarta, (ANTARA News) - Domestic demand for textiles and garments fell 27 percent in the first quarter of 2008 due to high inflation resulting in a decline in the people`s purchasing power, an executive said.
Tue, 03 Jun 2008
BA to improve coal transport systems
The Jakarta Post, Jakarta Having received approval during a shareholders meeting Thursday night, publicly listed state coal mining company PT Tambang Batubara is set to begin upgrading its coal transportation systems.
Tue, 03 Jun 2008
Lower CPO prices help push down exports
Total exports in April dropped by 7.78 percent from the previous month, due to a combination of declining crude oil and gas exports and lower crude palm oil prices, the Central Statistics Agency (BPS) said Monday.
Tue, 03 Jun 2008
Indonesia`s Lippo and Niaga banks merge
Jakarta (ANTARA News/afp) - Indonesia's Lippo and Niaga banks, majority owned by the Malaysian government, merged Monday to meet Jakarta's competition rules and create the country's fifth largest lender, a spokesman said.
Tue, 03 Jun 2008
Minister upbeat 2008 touriust arrival target to be achieved
Padang (ANTARA News) - Culture and Tourism Minister Jero Wacik has expressed optimism the target of the Visit Indonesia Year (VIY ) 2008 program to attract seven million foreign tourists will be achieved.
Fri, 23 May 2008
Soekarno-Hatta's Terminal 3 operational in December
Terminal 3 of the Soekarno-Hatta International Airport will be operational in December, president director of state-owned airport operator PT Angkasa Pura II Edie Haryoto said Thursday."The new terminal will be able to handle four million people, increasing the airport's capacity to 22 million...
Fri, 23 May 2008
Sorghum as alternative food staple
Indonesia is likely to cultivate sorghum as an alternative food staple to wheat as many factors hinder the latter's local production, a food expert says."Since wheat is a subtropical plant, we need to focus first on cultivating a tropical breed," said Listyani Wijayanti, from the State Ministry of...
Fri, 23 May 2008
President ready to risk popularity for the economy
Presidential spokesman Andi Mallarangeng said President Susilo Bambang Yudhoyono was ready to lose popularity over his plan to raise subsidized fuel prices to preserve the economy."The president realizes that raising fuel prices carries a political risk.
Fri, 23 May 2008
Indonesia awards five oil-and-gas contracts
Jakarta (ANTARA News) - Indonesia has awarded five oil and gas exploration and development contracts to four companies including Italy's ENI, the energy ministry said Friday.ENI Indonesia Ltd. was awarded the contract for a block in West Timor, ministry oil and gas director general Luluk Sumiarso...
Fri, 23 May 2008
PT Bakrie Indo eyes infrastructure projects valued at US$5 bln
Jakarta (ANTARA News/Asia Pulse) - PT Bakrie Indo Infrastructure said it hopes to win more infrastructure projects, mainly power generating projects, worth US$5 billion until 2013.The target does not include three projects worth US$2.
Fri, 23 May 2008
Indonesia monorail scheme `implausable`: World Bank
Jakarta (ANTARA News) - A long-delayed plan to privately fund a monorail to ease congestion in Indonesia's traffic-choked capital is "completely implausible", the World Bank said here Friday.The plan to build the 27-kilometre (17 miles) network entirely with private sector money would be...
Thu, 22 May 2008
Bhakti Group to expand in media, telco
Widely diversified Bhakti Group said it will invest at least $180 million this year to expand business in the mass media and telecommunications sector, Asia Pulse reported Monday.Hary Djaja, president of holding company PT Bhakti Investama, said mass media subsidiary PT Media Nusantara Citra plans...
Thu, 22 May 2008
Investment continues in plantation sector
New investment plans totaling $376.5 million were announced last week for the plantation sector, as returns continue high for commodities such as crude palm oil. Singapore-listed Indofood Agri Resources (Indoagri) said it will soon acquire 60% of PT Laju Perdana Indah at a price of Rp375 billion...
Thu, 22 May 2008
World Bank to stop soft loans to Indonesia
The World Bank said it will stop offering soft loans to Indonesia as the country has been promoted to the category of middle income nation starting June, Asia Pulse reported Wednesday.Country director Joachim von Amsberg said the donor agency will no longer accept IDA requests from Indonesia, which...
Thu, 22 May 2008
Boediono points to 7% growth in one-three years
Outgoing chief economic minister Boediono said Friday that he hoped economic growth can "return to the level of 6.5% to 7%" within the next one to three years, Dow Jones reported.Boediono, who is going to take up the position of Governor of Bank Indonesia, said rate increases by the central bank...
Thu, 22 May 2008
Pyridam to invest Rp 7b for plant's infrastructure
Publicly listed pharmaceutical company PT Pyridam Farma announced Monday it plans to spend about Rp 7 billion (US$753,900) this year to upgrade its facility in Cianjur, West Java.Corporate secretary Ryan Arvin said Monday up to Rp 5 billion would be spent on developing the factory's water system...
Thu, 22 May 2008
Govt lowers industrial growth target further to 5%
The ministry of industry has revised down the country's industrial growth target for the third time in five months to between 4.5 and 5 percent in response to the government's plan to increase fuel prices.The fuel price increases, expected to happen in June by an average of 28.
Thu, 22 May 2008
Kuwaiti cos offer to finance Indonesian coal gasification project
Jakarta (ANTARA News/Asia Pulse) - Two Kuwaiti companies have offered to finance a US$1.5 billion coal gasification project of state-owned fertilizer company PT Pupuk Kaltim, an Indonesian official said.
Thu, 22 May 2008
Indonesia looks to Papua to expand palm oil plantations
Jakarta (ANTARA News) - Indonesia, the world's largest palm oil producer, is now looking at its vast easternmost provinces in Papua to expand its palm oil plantations, a senior official said Wednesday."After Sumatra and Kalimantan became too dense for new palm oil plantations, the only land...
Thu, 22 May 2008
Indonesia to hike subsidised fuel prices by 28.7 percent
Jakarta (ANTARA News) - The Indonesian government will raise prices of subsidised fuel products by an average 28.7 percent as it cuts subsidy spending amid the relentless surge in global crude oil prices.
Thu, 22 May 2008
Temasek appeals Indonesian court ruling on anti-monopoly case
Singapore (ANTARA News) - Singapore state-linked investment company Temasek Holdings said it has filed an appeal to Indonesia's Supreme Court contesting a lower court's verdict that found it guilty of violating anti-monopoly regulations in the country's telecommunications industry.
Tue, 20 May 2008
New BPMigas chief seeking to reduce loopholes for extra costs
Quote:We still stick with 85 percent to 15 percent in favor of the government in terms of oil production, and 65 percent to 35 percent in favor of the government in terms of gas production. We think with oil prices hitting new records, such arrangements are still attractive for investors.
Tue, 20 May 2008
Land status may trouble strata title property owners
Owners of strata title properties must pay attention to the land status of their offices or apartments, especially when the developers only earn Building Rights to establish the properties, an expert says.
Tue, 20 May 2008
New BPMigas chief seeking to reduce loopholes for extra costs
Ika Krismantari, The Jakarta Post, JakartaUpstream oil and gas regulator BPMigas is responsible for ensuring oil and gas contractors operating in the country generate full benefit for the people, as demanded by the 1945 Constitution.
Tue, 20 May 2008
Motorcycle sales set to weather proposed fuel price increase
Unlike most products on the market, motorcycle sales are likely to weather the pressure from a fuel price rise and may even have to revise up their sales target, market players say.The Indonesian Motorcycle Industry Association (AISI) projected sales of 5.2 million units this year, up from 4.
Tue, 20 May 2008
RI business progress remains dependent on govt support: VP
Business in Indonesia still relies on political rather than technical or professional support, Vice President Jusuf Kalla said Saturday, which allowed unfair competition among businessmen close to the government.