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Tue, 20 May 2008
Doubts over Pertamina plan to limit fuel purchases
PT Pertamina may have trouble limiting fuel transactions to stop panic buying in response to planned fuel price increases because of a lack of regulations for implementing the policy.Several gas stations in Jakarta have yet to limit purchases because of confusion over how to put the policy in place.
Tue, 20 May 2008
Rio Tinto to start building US$2 bln nikcel mine in Sulawesi
Jakarta (ANTARA News/Asia Pulse) - Rio Tinto (ASX:RIO) is expected to start work on a US$2 billion investment in a nickel mining project in Lasamphala, Central Sulawesi in the second half of this year.Head of the Investment Coordinating Board (BKPM), Muhammad Lutfi, said the agency and the home...
Tue, 20 May 2008
PT Pamapersada to develop coal mines
Jakarta (ANTARA News/Asia Pulse) - PT Pamapersada Nusantara said it has won a contract worth US$1 billion to develop coal mines for PT Jembayan Muarabara.The subsidiary of heavy equipment company PT United Tractors (JSX:UNTR) will help in digging and removing soil in a coal mine with an estimated...
Tue, 20 May 2008
Indonesian investment chief defends Temasek ruling
Jakarta (ANTARA News) - Indonesia's investment agency chief on Monday rejected suggestions that a court ruling against Singapore's Temasek Holdings for alleged breach of anti-monopoly laws would deter foreign investors.
Sun, 18 May 2008
Study finds widening salary gap in Indonesia
Mariani Dewi, The Jakarta Post, Jakarta The gap in salaries between managers and clerics in Indonesia widened last year from 2006 in part because of a shortage in talent amid the country's growing economy, a global study says.
Sat, 17 May 2008
Inflation must be lowered to 3-4 percent to improve economic condition
Jakarta (ANTARA News) - Chief economic minister Boediono said Indonesia had to achieve an inflation rate of between three and four percent in the medium term in order to create better economic conditions."We will keep striving to lower the inflation rate in the medium term to three or four percent.
Sat, 17 May 2008
Indonesia Power Invests US$100 Million in Hydropower plant
Jakarta (ANTARA News) - PT Indonesia Power has invested US$100 million to optimize the operation of three hydropower plants (PLTA) managed by Perum Jasa Tirta II in Purwakarta, West Java, a spokesman said.
Sat, 17 May 2008
Tap water firms draft business plan for debt restructuring
The Indonesian Drinking Water Association (Perpamsi), which groups together hundreds of heavily indebted state tapwater firms (PDAMs), is drafting a standardized business plan to help restructure their debts.
Sat, 17 May 2008
Power Telecom expands Java network
Fiber optic network provider PT Power Telecom has started the second phase of a project spanning Java that will help increase Internet and telecommunication subscribers, an official says.The project consists of an 833 kilometer high-speed connection linking Jakarta and Surabaya, which will...
Sat, 17 May 2008
Chinese firms take a closer look at RI's investment potentials
A delegation of 174 business players from China met Indonesian counterparts Thursday to discuss Indonesia's potential for investment and business cooperation.The delegation, the biggest in number from China so far, included representatives from five sectors: Mining and energy; small to medium scale...
Sat, 17 May 2008
Pertamina to buy more LPG and import more fuels
State oil and gas company PT Pertamina plans to buy 40,000 tons of liquefied petroleum gas (LPG) from ConocoPhilips for US$32 million to secure its May supply, which has been disrupted by a glitch at its Balongan refinery in West Java.
Sat, 17 May 2008
Govt accelerates import duty reduction
Aditya Suharmoko, The Jakarta Post, Jakarta The Finance Ministry has prematurely reduced import duties on raw materials to help domestic industries compete with rival products from overseas.The Ministry's head of fiscal policy (BKF), Anggito Abimanyu, said Thursday the reduction applied to duties...
Sat, 17 May 2008
Chinese firms give closer look at Indonesian investment potentials
A delegation of 174 businessmen from China has met Indonesian counterparts recently to discuss Indonesia's potential for investment and business cooperation, local press said Friday.The delegation, the biggest in number from China so far, included representatives from five sectors: Mining and...
Sat, 17 May 2008
Govt to seek offers for airport train projects
The government is seeking offers for the construction of a railway linking Jakarta with the Soekarno-Hatta International Airport in Cengkareng, Banten, after the previous winner failed to start construction, an official said Friday.
Sat, 17 May 2008
Wika sees 42% rise in net sales
Publicly listed PT Wijaya Karya (Wika), a state-owned construction and engineering company, projected a 42 percent increase in net sales revenues to Rp 6.1 trillion (US$655 million) this year on the back of booming construction, procurement and engineering work.
Fri, 16 May 2008
Medco invests around US$1 bln to diversify business
Jakarta (ANTARA News/Asia Pulse) - The Medco Group said it will invest at least US$1 billion to diversify its business. The group whose core business is in the oil and gas industry, has established new companies - PT Medco Mining, PT Medco Agro and PT Medco Papua.
Fri, 16 May 2008
Leighton Wins Coal Mining Contract
Friday, 16 May, 2008 | 14:03 WIBTEMPO Interactive, Jakarta: Leighton International, sister company of Leighton Holdings Limited Group, an undertaking for project development and the biggest contractor in Australia, won the contract worth US$350 million from the PT Mahakam Sumber Jaya (MSJ) , mining...
Fri, 16 May 2008
Pertamina needs to be reformed: legislator
Semarang (ANTARA News) - Chairman of the Indonesian Demotratic Party of Struggle (PDIP) faction in the House of Representatives (DPR) Tjahjo Kumolo said his party rejected the government`s fuel oil price hike plan and was asking for the reform of state-owned oil company Pertamina for it lacked...
Fri, 16 May 2008
Rp20 Billion allocated for Bali tourist port construction
Denpasar (ANTARA News) - The government through the Transportation Ministry allocated Rp20 billion in 2008 for the construction of Amuk Port in Karangasem district, Bali, for cruise ships."The allocation of funds is the second phase after the Transportation Ministry disbursed Rp10 billion for the...
Fri, 16 May 2008
Software piracy rate drops, but financial losses swell
Software piracy in Indonesia dropped last year, but total estimated losses swelled due to market growth, a report says.The rate of piracy dropped one percentage point to 84 percent in 2007, although the gap was hardly closed to neighbors Malaysia, with 59 percent, and Singapore, with 37 percent.
Fri, 16 May 2008
Govt eyes wood products certification body
With help from the Indonesian Ecolabelling Institute (IEI) and the European Union, the government is developing an executive body under the Forestry Ministry to be responsible for the certification of sustainable wood products and production system.
Fri, 16 May 2008
Weakened spending power set to hit electronics sales
The Electronics Marketers Club (EMC), which groups together top electronics distributors, is predicting a tough time ahead for the industry as a government-planned fuel price increase is set to hurt purchasing power and sales.
Fri, 16 May 2008
China and India Look For Coal in Indonesia
Thursday, 15 May, 2008 | 16:09 WIBTEMPO Interactive, Jakarta: Companies from India and China are seeking coal in Indonesia. They are National Thermal Power Corp (NTPC) (an electrical company from India); Power Trading Company (PTC); Larsen and Turbo; Reliance; Agrawal Coal; and Watien.
Fri, 16 May 2008
President Meets Director of Intel Corporation
Thursday, 15 May, 2008 | 16:35 WIBTEMPO Interactive, Jakarta: President Susilo Bambang Yudhoyono met Director of the Intel Corporation, Craig R. Barret at the President's office at 2pm today. Information and Communication Minister, M.
Fri, 16 May 2008
Bali to build modern port for cruise ships
Denpasar (ANTARA News) - A modern and permanent port for foreign cruise ships will be built in the Indonesia`s island resort of Bali, chief of Bali Provincial Transportation Office Putu Sujana Cahyanta said here on Thursday.
Fri, 16 May 2008
Indonesian economy grows 6.28 pct in first quarter: official
Jakarta (ANTARA News) - The Indonesian economy grew 6.28 percent in the first quarter compared with a year ago, driven by exports and investment, an official said Thursday.Exports grew 15.03 percent in the first three months of the calendar year while investment surged 13.
Fri, 16 May 2008
Govt hopes China to increase investment in Indonesia
Jakarta (ANTARA News) - The Indonesian government hopes that China will increase its investment in Indonesia which so far only accounts for 0.3 percent of the total foreign investments in the country, a minister said.
Fri, 16 May 2008
Riau to invite foreign investment in plantation, fishery sectors
Jakarta (ANTARA News) - The Riau provincial administration will invite foreign businessmen to run some projects in the province, mainly in the plantation and fishery sectors, during the Indonesian Regional Investment Forum (IRIF) to be held here on May 26 and 27.
Fri, 16 May 2008
RI`s Q2 business situation better: BPS
Jakarta (ANTARA News) - Indonesia`s business tendency index (ITB) in the second quarter of 2008 is 108.1, meaning that the business situation over the period is better than in the previous quarter, the Central Bureau of Statistics (BPS) said.
Thu, 15 May 2008
Govt urged to seek share in foreign oil companies` windfall profits
Jakarta (ANTARA News) - The Indonesian government should ask for a share in the windfall profits multinational oil companies operating in Indonesia have gained from the continuing world crude price spiral, a national oil and gas industry spokesman said.
Thu, 15 May 2008
Bakrie to expand oil palm plantation area
Publicly listed PT Bakrie Sumatera Plantations plans to add 50,000 hectares to its oil palm plantation by 2010 with an investment of US$260 million."Thirty-million dollars will be financed by equity from Bakrie Sumatera's new subsidiary PT Bakrie Sentosa Persada (BSP), $80 million from an...
Thu, 15 May 2008
Indonesia gets into hot water
DARJAT, West Java - In the shadow of steep volcanic mountains, Indonesia is seeking to develop a cleaner future for its energy industry. Pressurized steam from a score or more of wells is piped to power generation plants a few kilometers away, feeding into the country's main Java-Bali power grid.
Wed, 14 May 2008
YLKI urges government to improve market surveillance
The Indonesian Consumers Foundation (YLKI) has urged the government to improve market surveillance in order to increase product standardization and protect consumer and producer rights."Product standardization is important for consumers as it guarantees quality products and for producers to...
Wed, 14 May 2008
Increasing national food production? Easier said than done
Achmad Syafriel, AnalystMany problems need to be solved before Indonesia can increase food production and mitigate food prices.Many believe the era of cheap food prices has come to an end. Over the last two years, soft commodity prices have surged, continually breaking records.
Wed, 14 May 2008
Govt goes all out for Visit Indonesia Year
Mariani Dewi, The Jakarta Post, JakartaWhat do the Balinese do with deceased royals? How can you see a flower show without splashing out for a flight to Pasadena, California? Where can you test your athletic endurance in a triathlon?Indonesia provides the answers to all these questions during this...
Wed, 14 May 2008
Honda bike sales forecast to surge 40% in Indonesian market
Jakarta (ANTARA News/Asia Pulse) - Sales of Honda motorcycles in Indonesian are forecast to shoot up 40 per cent to 1.2 million units in the first half of this year from 921,990 units in the same period last year.Until April this year, sales already reached 897,037 units or 50.
Wed, 14 May 2008
Fuel price hike will stunt Indonesian auto sales: industry head
Jakarta (ANTARA News) - Indonesian government plans to raise the price of fuel at the pump will force down auto sales in Southeast Asia's biggest economy, the head of the automotive industry association said Wednesday.
Wed, 14 May 2008
Government believes economy remains prospective despite global slowdown
Jakarta (ANTARA News) - The government believes the Indonesian economy will remain prospective in the next two years despite a global economic slowdown, a Finance Ministry official said."The Indonesian economy will remain prospective in the 2008-2009 period in which it will expand by a range of 6-6.
Wed, 14 May 2008
RI asks Australia, New Zealand to open their textile markets
Jakarta (ANTARA News) - Indonesia has asked Australia and New Zealand to open their textile and textile product markets under a free trade arrangement (FTA) with ASEAN."We are asking that textiles whose import tariffs are between 3.5 and 17.
Wed, 14 May 2008
RI oil production may exceed 1 million BPD at year end
Jakarta (ANTARA News) - Indonesia`s oil production could exceed one million barrels per day (bpd) at the end of this year, Head of the Upstream Oil and Gas Regulating Body (BP Migas), R Priyono, said.He said the prediction that the one-million bpd production level day could be exceeded was based on...
Wed, 14 May 2008
Indonesian consumer confidence falls to 29-month low in April
Jakarta (ANTARA News) - Indonesian consumer confidence dropped for the fifth straight month in April to a 29-month low as more respondents expressed pessimism about current economic conditions and the economic outlook for Indonesia, according to a central bank survey released Tuesday.
Wed, 14 May 2008
Wrong response aggravates Asia food crisis: ADB report
Manila (ANTARA News) - Asia's response to tightening global grain supplies has aggravated food price inflation and uncertainty, according to an Asian Development Bank report released here Friday.Export bans and price floors imposed by grain exporters including China, Pakistan, Vietnam and India...
Wed, 14 May 2008
Industrial Relations Court Decision - A Win for Employers
jakartass. indonesian version would be good. we need to ensue that indonesians themselves are part of any discourse that may develop.
Wed, 14 May 2008
Industrial Relations Court Decision - A Win for Employers
KuKuKaChu.If you can post it, I'll get HukumOnline to forward the Indonesian version to you.Naturally, I have a copy of the judgement if you want to copy it.And this is my version: http://jakartass.blogspot.com/2008/05/blow-against-labour-following-was.html.
Tue, 13 May 2008
Timah sets aside Rp 2t for expansion in coal
The Jakarta Post, JakartaPT Timah, the world's second largest tin producer, has allocated up to Rp 2 trillion (US$216 billion) to acquire several mining companies, an official said Monday.President director Wachid Usman told reporters Monday the company was in talks to buy mining companies in East...
Tue, 13 May 2008
Kadin demands govt lift fog over fuel hikes
The Indonesian Chamber of Commerce and Industry (Kadin) urged the government Monday to give exact figures for the upcoming fuel price increases to avoid further damaging local industries.Kadin Chairman Mohammad Hidayat said the delay was fostering market speculations, leading to price rises in...
Tue, 13 May 2008
Govt urged to address casino issue in Bintan
The Bintan regency administration has asked the government for an immediate ruling on legalizing gambling in the Bintan Exclusive Tourism Resort (KWTE).The local administration and legislature said current law made legalized gambling a real possibility.
Tue, 13 May 2008
Budi Acid to build bioethanol plant
Originally Posted By: KuKuKaChuPT Budi Acid Jaya Tbk, of course, is a listed company. thus quite possibly there are foreign shareholders. Yep , Benecol
Tue, 13 May 2008
Budi Acid to build bioethanol plant
PT Budi Acid Jaya Tbk, of course, is a listed company. thus quite possibly there are foreign shareholders.