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Fri, 09 May 2008
Govt plans scrapping subsidies for wealthy households
The government plans to scrap electricity subsidies for middle and upper-income households to ease pressure on the state budget.Should the House of Representatives clear the proposal, state power firm PT Perusahaan Listrik Negara (PLN) would apply the policy in July.
Fri, 09 May 2008
Indonesia Adopts Stringent "Green" Palm Oil Standard
JAKARTA - Indonesia, the world's biggest palm oil producer, plans to take firm measures aimed at ensuring palm oil firms meet stringent standards before labelling their products as eco-friendly, an industry watchdog said on Wednesday.
Fri, 09 May 2008
Indonesia losing US$16 bln per year by natural resources theft
Quote:He said the natural resource thieves had strong capital and ships and were well-organized to operate illegally in Indonesia`s watersSounds very much like the military fighting themselves!
Fri, 09 May 2008
Govt speeds up $10b Java Sumatra bridge
The government is slated to begin construction next year of the country's longest and most expensive bridge, linking Sumatra and Java islands, a year ahead of schedule.Lampung Governor Sjachroedin Z.P. said Thursday the government would start work on the 29 kilometer bridge across the Sunda strait...
Fri, 09 May 2008
China considers buying land overseas to secure food supply
Beijing (ANTARA News/XFN-Asia) - The Chinese government may encourage domestic companies to buy farmland abroad, particularly in Africa and South America, to help guarantee food security, the Financial Times reported.
Fri, 09 May 2008
Indonesia losing US$16 bln per year by natural resources theft
Magelang, Central Java (ANTARA) - Defense Minister Juwono Sudarsono said Indonesia`s natural resources which were stolen each year reached a total value of US$16 billion."We have been losing 16 billion dollars every year since 2004," the minister said after planting a `sawo` tree within the...
Fri, 09 May 2008
China to become important country to Indonesia
Beijing (ANTARA News) - China will become an important and strategic country for Indonesia, which has become apparent in view of the fact that many Indonesian high-ranking government officials had been visiting China to expand cooperation in many sectors.
Thu, 08 May 2008
Food firms may post lower profit due to soaring production costs
Quote:Food company Siantar Top, which produces snacks, recorded an almost nine-fold drop in net profit during the first quarter of this year to Rp 744 million from Rp 3.02 billion in the same period last year. I do wish they could standardise a number system.
Thu, 08 May 2008
Food firms may post lower profit due to soaring production costs
Novia D. Rulistia and Rendi Akhmad Witular, The Jakarta Post, Jakarta While most publicly listed food processing companies have enjoyed hefty first-quarter profits, rising global food crop and energy prices are likely to squeeze earnings in the coming months.
Thu, 08 May 2008
Local shipping not yet ready for proposed 2011 cabotage
Stakeholders said the local shipping industry would not be ready for the implementation of the cabotage principle, scheduled for 2011, without more incentives and regulatory reforms.President director of PT Samudera Indonesia Tbk Randy Effendi said the local shipping industry might need more than...
Thu, 08 May 2008
Chinese investor to build thermal power plant in Padang
Padang, W Sumatra (ANTARA News) - State electricity company PT PLN will appoint China National Technical Import Corporation (CNTIC) to build a government-funded thermal power plant at Teluk Sirih in Padang, West Sumatra, at a cost of Rp2.5 trillion, a spokesman said.
Thu, 08 May 2008
Kalla Considers Indonesian Economy to be Not Too Bad
Wednesday, 07 May, 2008 | 13:03 WIBTEMPO Interactive, Jakarta: Vice president Jusuf Kalla has he considers that the government’s performance under President Susilo Bambang Yudhoyono and himself has not been too bad.
Wed, 07 May 2008
New investments down on oil price, realization to grow 15%
Indonesian govt likes foreign Investor money, but doesn't like foreign investors. We've perfectly seen this with telco tower sharing issue. Lots of foreign investors started to put money into this (large sums), just to find out that few months later govt issued regulation forbidding foreign...
Wed, 07 May 2008
PT KA to form a new subsidiary for Greater Jakarta rail network
State railway operator PT Kereta Api (PT KA) is forming a new subsidiary to handle operations in Greater Jakarta, a company official said Monday.PT KA head of public relations Adi Suryatmini said the company was restructuring its business to become more efficient.
Wed, 07 May 2008
New investments down on oil price, realization to grow 15%
A year has passed since the House of Representatives amended the law on investment in March 2007, promising incentives and equal treatment for domestic and foreign investors. The amendment was only the first major step in a series of promised regulatory reforms targeted at improving the domestic...
Wed, 07 May 2008
Kadin: Help labor-intensive industries
Aditya Suharmoko and Rendi A. Witular, The Jakarta Post, JakartaWith the fuel prices hike imminent, the government should provide incentives to labor-intensive industries that will be the hardest hit by the policy, says the Indonesian Chamber of Commerce and Industry (Kadin).
Wed, 07 May 2008
SMEs able to adapt to higher fuel oil prices, minister says
Jakarta (ANTARA News) - Cooperatives, Small and Medium Scale Businesses Minister Suryadharma Ali said he was confident small- and medium-scale enterprises (SMEs) will be able to adapt themselves to increased fuel oil prices.
Wed, 07 May 2008
IRIF 2008 offers 200 projects in 75 districts and municipalities
Jakarta (ANTARA News) - Some 200 projects in 75 districts and municipalities will be offered in the Indonesian Regional Investment Forum (IRIF) to be held here on May 26 and 27.President Susilo Bambang Yudhoyono is scheduled to open the event jointly held by the Regional Representatives Council...
Wed, 07 May 2008
Bill Gates to Visit Indonesia This Thursday
I thought they already had been locked into Microsoft about two years ago....
Tue, 06 May 2008
Emaar Jakarta tower to be the tallest in SE Asia
It was only four years ago that Sutiyoso launched construction of the "Jakarta Tower" in Kemayoran, announcing it would be the world's tallest tower at 558 meters. Then again, around that time he also launched construction of the city's monorail, which was to be up and running by 2006.
Tue, 06 May 2008
Bill Gates to Visit Indonesia This Thursday
with the frequency of his visits to indonesia, one would be forgiven for thinking that bill was wanting to immigrate.but no. more like he's trying to lock in the indonesian government into using microsoft's crappy and expensive software.SBY, here's some free advice: open source.
Tue, 06 May 2008
Bill Gates to Visit Indonesia This Thursday
Tuesday, 06 May, 2008 | 16:06 WIBTEMPO Interactive, Jakarta: The founder of Microsoft, Bill Gates, will come to Indonesia on Thursday this week.He is scheduled to give a speech at the annual Asia Pacific government leaders forum.
Tue, 06 May 2008
Holcim to build new plant in Tuban by 2009 to meet domestic demand
The Jakarta Post , Jakarta Publicly listed PT Holcim Indonesia, the nation's third largest cement producer, plans to build a new plant worth US$400 million with an annual production capacity of 3.5 million tons in Tuban, East Java, by the end of 2009.
Tue, 06 May 2008
RI economy grows slower in Q1, BI says
Aditya Suharmoko, The Jakarta Post, JakartaThe economy grew at a lesser rate in the first quarter of 2008, compared to in last year's fourth quarter, on a slower growth in investment and consumption amid rising inflation and a global economic slowdown, Bank Indonesia (BI) said Monday.
Tue, 06 May 2008
Emaar Jakarta tower to be the tallest in SE Asia
The Jakarta Post , JakartaDubai-based real estate giant Emaar Properties plans to build a landmark tower in Jakarta, which would be the tallest skyscraper in Southeast Asia, a presidential envoy says.Special envoy for the Middle East Alwi Shihab said Monday the Chairman of Emaar, Mohamed Ali...
Tue, 06 May 2008
VP signals fuel oil prices to rise by 30 percent
Jakarta (ANTARA News) - Vice President Jusuf Kalla has signaled that the domestic fuel prices would rise by 30 percent."The government twice raised the domestic fuel prices, namely by 30 percent in March 2005, and by 120 percent in 2006," the vice president said at the National Development Planning...
Tue, 06 May 2008
Apac Coal looking to raise $15M for mine
Australia's explorer APAC Coal Ltd is looking to raise $15 million through an initial public offering to fund the development of a thermal coal mine in Indonesia, Australian Associated Press reported.APAC Coal's flagship project is located in East Kalimantan, and contains a resource of 5.
Tue, 06 May 2008
Reliance Power to buy coal mines
India’s Reliance Power Ltd. plans to invest $650 million to develop an Indonesian coal mine to ensure supplies as prices rise to a record, Bloomberg reported Tuesday.The cost includes the mine, a railway and a jetty to ship coal from the South Sumatra province to a power station being built in...
Tue, 06 May 2008
Govt. considering cutting coal royalty
The government is considering cutting coal royalty to be paid by coal contractors to the government from 13.5% to 7.5% Asia Pulse reported Tuesday.The policy is to encourage contractors to supply low grade coal for state electricity company PLN, which needs large supply to feed its coal-fired power...
Tue, 06 May 2008
German firm to enter motorcycle market
German motorcycle maker Sachs Fahrzeug-und Motorentechnik Gmbh wants to grab a share in the Indonesia's fast growing but tightly competitive market, Asia Pulse reported. Sachs Germany, as the company is known, has established a joint venture with a local partner PT Minerva Motor Indonesia to...
Tue, 06 May 2008
US trade chief in talks in Bali
US Trade Representative Susan Schwab was to discuss ways to boost trade with Southeast Asia and wrap up long-running world trade talks in meetings beginning on Thursday in Bali, according to a statement reported by Reuters.
Mon, 05 May 2008
Govt to focus on port, railway projects
Aditya Suharmoko, The Jakarta Post, Jakarta The government will prioritize the development of port and railway infrastructure this year to ease the flow of goods and reduce high transportation costs in the country, a minister says.
Mon, 05 May 2008
Developers eye low-cost apartments, houses
The Jakarta Post, Jakarta The Indonesian real estate association (REI) is to construct 86 subsidized low-cost apartment towers, with 600 units per tower, and 120,000 low-cost houses this year for low-income households.
Mon, 05 May 2008
Pertamina cuts amount of CPO in BioSolar
Due to the rising price of crude palm oil (CPO), state oil and gas company PT Pertamina says it will cut the content of the commodity in its "BioSolar" product from 2.5 percent to 1 percent.Pertamina director for marketing and trade Ahmad Faisal said over the weekend that with the CPO prices...
Mon, 05 May 2008
Time for RI to rethink inclusive growth
Owais Parray, Jakarta Is Indonesia back in the fast lane of economic growth? Indicators from the latter half of last year may seem to suggest so, but the global economy is likely to slow as a result of rising oil prices and a near recession in the U.S.
Mon, 05 May 2008
Unilever palm oil policy wins fans
Environmental group Greenpeace has echoed calls by consumer goods giant Unilever to impose a moratorium on deforestation in Indonesia in support for the company's pledge to purchase only certified sustainable palm oil.
Mon, 05 May 2008
Luring 300,000 Chinese tourists to Indonesia is not easy
That was what I was alluding to!
Mon, 05 May 2008
Luring 300,000 Chinese tourists to Indonesia is not easy
yes, lure has connotations of entrapment and deceit. on second thoughts ...
Mon, 05 May 2008
Luring 300,000 Chinese tourists to Indonesia is not easy
Quote:took various measures to lure as many as possible Chinese tourists to Indonesia.I hardly think lure is the right word to use here!
Mon, 05 May 2008
Luring 300,000 Chinese tourists to Indonesia is not easy
Hong Kong (ANTARA News) - The Indonesian Embassy in Beijing projected the number of Chinese tourists coming to Indonesia this year at 300,000, for which promotions are being conducted.The campaign on Visit Indonesia Year (VIY) 2008 launched by the Ministry of Culture and Tourism in Jakarta since...
Mon, 05 May 2008
World Islamic economic forum is important, says RI`s representative
Jakarta (ANTARA News) - Indonesia, like some other countries, believed that the Islamic countries in the world whose population is one-fifth of the world total, are playing a strategic role.But the role needs to be intensified with a view to implementing several agendas and in view of global...
Mon, 05 May 2008
Hong Kong toy makers to invest in Indonesia
Beijing (ANTARA News) - A number of toy producers from Hong Kong was scheduled to visit Indonesia in June this year to explore investment possibilities in cooperation with local toy makers, a diplomat said."It was planned that a number of Hong Kong toy producers will come to Indonesia in June.
Sun, 04 May 2008
Documented Foreign Workers in Bali on the Rise.
20% Increase in Bali's Foreign Workers Reported by Badung Regency.Bali News: Documented Foreign Workers in Bali on the Rise.(5/3/2008) BisnisBali reports that the number of foreign workers holding "legal" work permits has increased +20.
Sun, 04 May 2008
The Indonesian Investment Conference in Bali
Join Indonesia's Leaders in Finance and Investment in Bali May 21-22, 2008.Bali News: The Indonesian Investment Conference in Bali(5/3/2008) A major investment conference involving Indonesia's key economic architects from the Ministry of Finance, the Central Bank and business leaders from the...
Sun, 04 May 2008
Foreign arrivals up 15.7 percent, but EU visitors wane on airline ban
The Central Statistics Agency (BPS) said Friday Indonesia saw a 15.7 percent jump in the number of foreign arrivals to 1.41 million in the first quarter of 2008 from 1.22 million in the same period last year.In March alone, the number of foreign arrivals hit 502,000, up by 13.
Sun, 04 May 2008
RI's first quarter exports grow 31.7%
A resources-based commodities boom has boosted the country's export figures in the first quarter of this year by 31.7 percent, the latest survey reveals.The latest data from the Central Statistic Agency (BPS) show Indonesia's exports climbed to US$33.6 billion in the first quarter of 2008 from $25.
Sun, 04 May 2008
Australian trade minister attends ASEAN economic ministers meeting
Denpasar (ANTARA News) - Australian Trade Minister Simon Crean is taking part in the ASEAN Economic Ministers - Closer Economic Relations (AEM-CER) consultations in Nusa Dua, Bali, on Saturday.The meeting is being attended by 14 economic ministers from ASEAN and ministers of four countries outside...
Sun, 04 May 2008
Indonesian exports seen bouncing back in March on stronger oil, gas prices
If I'm not mistaken, Indonesia is net oil importer. Thus, actually the situation just got worse not better after the price increase.
Fri, 02 May 2008
Indonesia Forms Tax Legal Aid Institution
Wednesday, 30 April, 2008 | 17:51 WIBTEMPO Interactive, Jakarta: The Indonesian Tax Legal Aid institution (LBHPI) has eventually been officially launched.Eddy Mangkuprawira, the Head of LBHPI, said that the establishment of this institution had been ignited by low concern regarding tax legal issues.
Fri, 02 May 2008
Domestic coal consumption to exceed exports
Domestic coal consumption would exceed coal exports, sometime between 2015 and 2020, if the government cap on coal exports remains in place, an association said Tuesday.Indonesian Coal Mining Association president Jeffrey Mulyono said domestic coal demand would jump to 75 million tons in 2009, from...