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Tue, 01 Apr 2008
House reassures investors on land use rights
Responding to the Constitutional Court amendment of Article 22 of the Investment Law, the House of Representatives and the Investment Coordinating Board (BKPM) said Monday the de facto duration for property rights would remain unchanged.
Tue, 01 Apr 2008
Most corrupt institutions
Most corrupt institutionsThe findings of an integrity survey conducted by the Corruption Eradication Commission (KPK) in 30 public institutions and state companies providing public services between last August and October in Greater Jakarta simply validated the international perception of...
Tue, 01 Apr 2008
Property developer almost doubles profit
Publicly listed property developer PT Bakrieland Development booked a 98.5 percent increase in audited net profit last year due to robust sales.Bakrieland posted a net profit of Rp 134.2 billion (around US$14.5 million) in 2007, from Rp 67.
Tue, 01 Apr 2008
SBY says no to higher infrastructure budget
Novia D. Rulistia, The Jakarta Post, Jakarta Despite the pleas of business players, the government is unlikely to increase spending for infrastructure development, with the President insisting on securing the state budget in the midst of global price inflation.
Tue, 01 Apr 2008
Inco to spend $212M this year
Publicly listed nickel producer PT International Nickel Indonesia (Inco) said it will spend around $212 million this year, Asia Pulse reported Friday (28/3/08).Inco president Arif S. Siregar said $60 million of the expenditure will be for project construction, $70 million for routine expenditure,...
Tue, 01 Apr 2008
Semen Gresik posts 2007 net profit of $196M
Cement maker PT Semen Gresik said its net profit in 2007 rose 37.04% to Rp1.8 trillion ($196 million) from a year earlier on higher demand for its product, Asia Pulse reported Tuesday (25/3/08).Sales rose 10% to Rp9.601 trillion, PT Semen Gresik president director Dwi Soetjipto said.
Tue, 01 Apr 2008
Govt. to name ports allowed to serve foreign ships
The Transport Ministry will name 25 ports this week which will be allowed to serve ships engaged in international shipping, reducing the number from 141 at present, Asia Pulse reported Tuesday (25/3/08).
Tue, 01 Apr 2008
KS Oils buys 20,000-hectare plantation
India's KS Oils Ltd said on Wednesday (26/3/08) it has acquired 20,000 hectares of palm plantation in Indonesia, where it will invest 2.3 billion rupees ($57.5 million) over a period of three years, Reuters reported.The plantation will yield 80,000 metric tonnes annually, a statement said.
Tue, 01 Apr 2008
Saipem may spend $390M on Karimun port
Saipem SpA may spend $390 million to build a port on Karimun Island, says Kontan newspaper, citing Karimun regional secretary Taufiq Ilyas, Bloomberg reported Thursday (27/3/08).The Indonesian unit of the oil-drilling services company plans to sign an agreement on April 3 with the Karimun...
Tue, 01 Apr 2008
Budget deficit to be set at 2.1%
A parliamentary committee and the government agreed to raise the budget deficit target to 2.1% of GDP from 1.7% due to soaring fuel subsidies, according to a committee member, while spending on fuel subsidies may have to nearly triple to around Rp130 trillion ($14.
Mon, 31 Mar 2008
Threat of Carbon Emission Sales Agreement with Singapore Being Canceled
Monday, 31 March, 2008 | 16:59 WIBTEMPO Interactive, Jakarta: There is a threat that the agreement for the sale of carbon emissions with several Singaporean companies in the chocolate farming in West Papua will be canceled.
Mon, 31 Mar 2008
Indonesia feels the pinch as oil, commodity prices surge
Last week I paid IDR 8450 per liter for Shell Super Extra, damn that is as much as the boneheads in the States are paying and I have always paid less than they have. Wife is paying IDR 8250 for Shell Diesel.......
Mon, 31 Mar 2008
Metro supermarket close after five-year decline
Originally Posted By: KuKuKaChu"The supermarket business has been really slow in the last five years due to a decrease in the number of consumers," MTSM director Arief Amin said in a report to the Indonesia Stock Exchange on Friday.
Mon, 31 Mar 2008
Kadin calls for food sustainability measures
The Indonesian Chamber of Commerce and Industry (Kadin) held its first-ever National Food Coordination meeting on Saturday, aiming to formulate recommendations for the government to improve food security amid rising global food prices.
Mon, 31 Mar 2008
Metro supermarket close after five-year decline
PT Metro Supermarket Realty Tbk (MTSM) has closed down its trading business due to a steady decline in customers over the last five years, a company official said Saturday."The supermarket business has been really slow in the last five years due to a decrease in the number of consumers," MTSM...
Mon, 31 Mar 2008
Indonesia feels the pinch as oil, commodity prices surge
Jakarta (ANTARA News) - With prices for key commodities at record highs, Indonesia -- Southeast Asia's biggest economy and a key exporter -- should, at first glance, be enjoying good times.But with high oil prices leading to a government fuel subsidy blowout and rising food prices hitting the poor,...
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
Originally Posted By: KuKuKaChui was thinking of pasturing dairy goats in the paddock between jaksa and sabang.That paddock, once a communal dump and makeshift vegetable garden/park - is now being developed into something distinctly non-paddock like, no?
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
Originally Posted By: Dilli Quote:i am thinking that this could be a good time to start investing in agricultural landIn Jaksa? What grows there apart from ignorance, pestilence and doom? i was thinking of pasturing dairy goats in the paddock between jaksa and sabang.
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
Quote:i am thinking that this could be a good time to start investing in agricultural landIn Jaksa? What grows there apart from ignorance, pestilence and doom?
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
of course, the looming world grain crisis is good news for countries like australia. if they can overcome the effects of global warming.i am thinking that this could be a good time to start investing in agricultural land.
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
If the thought of food shortages (and unaffordability of food) had crossed the "powers that be" minds instead of dollars crossing their palms maybe they would reconsider the currents thoughts on exporting rice and rather keep the precious grain here for their own people at an affordable price.......
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
Jakarta (ANTARA News) - The government`s food security program is facing various challenges, including the shrinkage of farm land due to development of residential areas, a minister said."This is a logical consequence of population growth which requires housing as one of the basic needs,"...
Sat, 29 Mar 2008
President warns employers against lay-offs
Originally Posted By: chewwyUK"The President urged businesspeople to instead open up dialogues to solve workplace disputes.Yudhoyono said he was concerned about news reports of companies dismissing their employees.
Sat, 29 Mar 2008
An Island Over-Saturated by Development
Former Minister of Tourism Ardika Calls for a Stock-Taking Between Business and Tourism Interests to Keep Bali Sustainable.Bali News: An Island Over-Saturated by Development(3/29/2008) Indonesia's former Minister of Tourism, Gde Ardika, is quoted by Tempo Interaktif as saying that Bali's tourism...
Sat, 29 Mar 2008
Survey finds govt offices lack integrity
Quote:Ironically, the Justice and Human Rights Ministry ranked last with a score of 4.15.The Ministry of "Justice" and Human Rights includes the Immigration Office and Companies Registrar; offices that foreigners are often required to deal with, directly or indirectly.
Sat, 29 Mar 2008
Survey finds govt offices lack integrity
The country’s fight against graft has been dealt a big blow after a survey Friday found the public sector and the general public alike condoned corruption.Conducted by the Corruption Eradication Commission (KPK) between August and October last year, the integrity survey discovered 30 government...
Fri, 28 Mar 2008
Surfing and crashing in the Indonesian oil palm boom
bloody disaster, is what it will be. there's been a huge "gold rush" for land by foreign and local investors in kalimantan, sumatra and sulawesi for the past 18 months. we all know where this will end ...
Fri, 28 Mar 2008
Surfing and crashing in the Indonesian oil palm boom
Interesting. It'll all end in tears.
Fri, 28 Mar 2008
Surfing and crashing in the Indonesian oil palm boom
John McCarthy, CanberraAs boom towns flicker to life across rural Indonesia, the relentless pursuit of oil palm wealth poses social and environmental problems for Indonesian policy makers.In India the rural poor ration every last drop of cooking oil.
Thu, 27 Mar 2008
President warns employers against lay-offs
"The President urged businesspeople to instead open up dialogues to solve workplace disputes.Yudhoyono said he was concerned about news reports of companies dismissing their employees.Every time massive layoffs occur, I cannot sleep, as many people gather outside the palace and a barrage of text...
Thu, 27 Mar 2008
President warns employers against lay-offs
President Susilo Bambang Yudhoyono warned employers across the country Wednesday against resorting to layoffs whenever disagreement arose between them and their workers.The President urged businesspeople to instead open up dialogues to solve workplace disputes.
Thu, 27 Mar 2008
PTPN VII aims to produce 174,500 tons of sugar this year
Bandarlampung, Lampung (ANTARA News) - State-owned plantation company PT Perkebunan Nusantara (PTPN) VII has set itself the target of producing 174,500 tons of sugar this year.The sugar production would originate from the company`s two business units, namely Bungamayang in North Lampung and...
Thu, 27 Mar 2008
Pertamina negotiating extension of gas contracts with Japan
Tokyo (ANTARA News) - State-run oil and gas company PT Pertamina is currently negotiating the extension of its natural gas supply contracts with a number of gas companies in Japan, its chief, Ari Soemarno, said here Wednesday."Pertamina`s vice president director is now in Osaka for the negotiations.
Thu, 27 Mar 2008
Maybank buys Indonesia`s BII in move to become regional player
Singapore (ANTARA News) - Malayan Banking Bhd, the largest bank in Malaysia, said Wednesday it has agreed to buy a 56 percent stake in Bank Internasional Indonesia (BII) from Singapore's state-linked Temasek Holdings Ltd and South Korea's Kookmin Bank, for 4.8 billion ringgit or about 1.
Thu, 27 Mar 2008
RI still has wide opportunities to export furniture
Beijing (ANTARA News) -Indonesia still have ample opportunities to export its furniture to China, trade attache at the Indonesian Embassy in Beijing, Imbang Listiyadi, said here on Wednesday."Indonesia still has an opportunity to export its Furniture to China and therefore as a furniture producer,...
Thu, 27 Mar 2008
Govt urged to issue decree slashing corporate tax
The President should issue a new decree slashing corporate tax if the House of Representatives refuses to pass the income tax bill, the chairman of the Indonesian Chamber of Commerce and Industry (Kadin) said Wednesday.
Thu, 27 Mar 2008
RI's biggest challenge is curbing inflation
Aditya Suharmoko , The Jakarta PostWhile the global economic slowdown is not expected to greatly affect Asian economies, Indonesia's biggest challenge lays in subduing its inflation rate to protect public purchasing power, a discussion concluded Wednesday.
Thu, 27 Mar 2008
Fewer people buying life insurance products: AAJI
The number of individuals and groups holding life insurance policies dropped 11 percent last year as people opted instead to pursue short-term profits and gain easier access to cash, an association said Wednesday.
Wed, 26 Mar 2008
Government to maintain conducive business climate : President
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said the government would continue to maintain a conducive business climate in the country so that business people could play a bigger role in efforts to solve problems faced by the nation.
Wed, 26 Mar 2008
Agriculture minister to attend first oil palm harvest in Buol
Tolitoli, Central Sulawesi (ANTARA News) - Agriculture Minister Anton Apriyantono is scheduled to attend the first harvest of Buol district`s oil palm plantations in Central Sulawesi on March 29, 2008, a local government official said.
Wed, 26 Mar 2008
World Bank plans to revise Indonesia`s growth rate
Jakarta (ANTARA News) - The World Bank plans to revise downward its Indonesian economic growth rate projection for 2008 to 6.0 percent from 6.4 percent due to the US economic slowdown but assures the move will not affect the government`s effort to achieve the target of reducing the poverty rate.
Wed, 26 Mar 2008
World Bank slams govt onerous fuel subsidy
Aditya Suharmoko, The Jakarta PostThe World Bank has criticized the government's continuing refusal to cut the onerous fuel subsidy despite evidence the allocation has only benefited wealthy people."The fuel subsidy has been poorly targeted; it only promotes consumption and does not help the poor,"...
Wed, 26 Mar 2008
Pontianak to have 60MW power plant
Bank Bukopin and four regional development banks pledged Tuesday to syndicate a loan to PT Equator Manunggal Power for the construction of a 60 megawatt (MW) coal-fired power plant in Pontianak, West Kalimantan.The project, which will cost Rp 545 billion (US$59.
Wed, 26 Mar 2008
Timor-Leste seeks trade deal with East Java
Timor Leste is hoping to establish some kind of a trade deal with East Java, as the country is in dire need of affordable farming equipment and agricultural produce, a Timor Leste minister says.The country's visiting minister for farming, fisheries and forestry Mariano Assanami Sabino told The...
Tue, 25 Mar 2008
Government raises CPO export tax by 20 pct
Jakarta (ANTARA News) - The government has raised crude palm oil (CPO) export tax from 10 to 20 percent for April shipment because the CPO price in the world market in March has reached a record high, Trade Minister Mari Elka Pangestu said.
Tue, 25 Mar 2008
Local governments are hurting more than making things better
Decentralizing power, by shifting control from the central government to smaller local governments, is the will of the local population and can only be deemed progressive in a new democracy like Indonesia.But it is a new system fraught with problems.
Tue, 25 Mar 2008
Govt plans to slap excise on more goods
The cash-strapped government plans to broaden categories of goods subject to excise duty in response to an expanding state budget deficit and an intense campaign to reduce environmental hazards.A proposal to expand the list of goods subject to excise is under discussion in the House of...
Tue, 25 Mar 2008
Cement manufactureres expect 6% rise in domestic market
Agustina Wayansari, The Jakarta Post Leading cement manufacturers expect demand for cement to grow at least 6 percent on the back of an improving economy and many large construction projects in regions this year.
Tue, 25 Mar 2008
RI may miss benefits from ASEAN-EU FTA deal
Indonesia stands to lose out on benefits from the planned free trade agreement (FTA) between the EU and ASEAN unless it improves its negotiation capacity and coordination, an official says.The Trade Ministry's director general for regional trade cooperation, Iman Pambagyo, said the lack of...