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Mon, 02 May 2011
China to provide US$8 billion for RI infrastructure projects
Jakarta (ANTARA News) - China has pledged US$8 billion in commercial funds for Indonesia to support infrastructure and industrial development in the country.Visiting Chinese Prime Minister Wen Jiabao said at a joint press conference with President Susilo Bambang Yudhoyono here on Friday the funds...
Mon, 02 May 2011
RI, China agree to step up economic cooperation
Jakarta (ANTARA News) - Indonesia and China have agreed to increase the volume of their economic cooperation to up to US$80 billion through a series of programs in various sectors until 2015."Thanks to the two countries` efforts it could be US$80 billion until 2015," visiting Chinese...
Mon, 02 May 2011
RI offers China investment opportunities in six Economic corridors
Jakarta (ANTARA News) - Indonesia has offered China investment opportunities in the development of six economic corridors over the next 15 years."Indonesia will increase and expand its economy in the next 15 years through development of six economic corridors in the country and invites China...
Mon, 02 May 2011
China advised to relocate industries to Indonesia
Jakarta (ANTARA News) - Noted businessman Sukamdani Sahid Gitosardjono has called on the Chinese government to encourage its business players to relocate their industries to Indonesia to tap the latter`s economic potentials for the benefit of both nations and other ASEAN nations.
Mon, 02 May 2011
Indonesia Rides Ratings High, But Reforms Are Still Needed
When Standard & Poor’s upgraded Indonesia’s sovereign credit rating to BB+ in April, it meant all three mainstream ratings agencies had the country at just one notch below investment-grade level.
Mon, 02 May 2011
Boediono Leaves Wen With Wooing Words on Investment
Vice President Boediono has called on Chinese businesses to open factories in Indonesia to benefit from the country’s wealth of natural resources, favorable labor conditions and growing domestic market.
Fri, 29 Apr 2011
RI needs quality growth
Jakarta (ANTARA News) - Indonesia needs quality economic growth capable of benefiting people in the low-income brackets, a banker said.Nearly 87 percent of 40 million self-reliant entrepreneurs in Indonesia`s micro and small businesses still had no access to banking services, Bank Andara chief...
Fri, 29 Apr 2011
RI's geothermal sector still wide open for investment
Jakarta (ANTARA News) - Indonesia has huge potentials for investment in the geothermal energy development sector as until now investment in the sector still totals three percent, an official said."The potentials for investment in the geothermal sector is huge but not all of them have have...
Fri, 29 Apr 2011
Logging, mining cost Indonesia $36 bn: official
JAKARTA - Land clearance by hundreds of mine and plantation companies operating illegally on Indonesia's Borneo island has cost the country $36 billion, an official said Thursday."Encroachment of forest areas for illegal mining and plantation activities including logging in Kalimantan has...
Fri, 29 Apr 2011
Wen’s Deals Expected to Boost Industry, Infrastructure
China Investment Corp. plans to offer $4 billion in loans for Indonesian infrastructure, part of a package of deals Jakarta is hoping for during a visit this week by Chinese Prime Minister Wen Jiabao, officials here said on Thursday.
Fri, 29 Apr 2011
China Must Reduce Palm Oil Import Duties, Gapki Says
China must cut its import duties for palm oil to help boost Indonesian exports that are little changed at 2 million tons this year, an industry association said on Thursday.China is the world’s top palm oil importer, and analysts say consumption in the world’s second-largest economy will rise...
Fri, 29 Apr 2011
Business ‘Vital’ in Climate Change Fight: SBY
Indonesia sits at the epicenter of global climate change and as such is central to the solutions that will determine the future, President Susilo Bambang Yudhoyono said on Thursday.In his keynote address on the opening day of the Business for the Environment (B4E) Global Summit 2011 in Jakarta,...
Thu, 28 Apr 2011
Indonesia Reworks Tariffs to Aid Local Industries
The government has scrapped import duties for some raw materials and machinery, but it also hiked tariffs for imported consumer goods in a bid to boost the competitiveness of local industries against imported goods.
Thu, 28 Apr 2011
China’s Wen Will Spur Investment, Tap Resources
Chinese Premier Wen Jiabao started a four-day tour of Southeast Asia on Wednesday during which agreements to spur investment and tap the region’s natural resources are expected to be sealed.Wen will witness as many as eight deals on the first leg of his trip in Malaysia, spanning the economy,...
Thu, 28 Apr 2011
Indonesia Says CIC to Offer $4b in Infrastructure Loans
China Investment Corp plans to offer $4 billion of loans for Indonesian infrastructure, part of a package of deals Indonesia is hoping for during a visit this week by Chinese Premier Wen Jiabao, Indonesian officials said on Thursday.
Thu, 28 Apr 2011
Businessmen Complain about Licenses
TEMPO Interactive, Jakarta:The Forestry Ministry has received many complaints from forest-related business people about the long time it takes to issue licenses. Forestry Minister, Zulkifli Hasan, said the complaints have come from palm oil and mining business people.
Thu, 28 Apr 2011
Custom Duties for 182 Products Eliminated
TEMPO Interactive, Jakarta:The Finance Minister has issued new regulations on the elimination of 182 tariffs for raw and capital goods “This is part of the downstream industry development program,” said Bambang Brodjonegoro, Fiscal Policy chief at the Finance Ministry, yesterday.
Thu, 28 Apr 2011
Stop exporting raw materials: Vice industry minister
Makassar, S Sulawesi (ANTARA News) - Vice Industry Minister Alex SW Retraubun has renewed his call for a halt to the export of raw materials as one of the breakthroughs to develop economic corridors on the country`s five major islands.
Thu, 28 Apr 2011
RI seeking China`s participation in economic corridor program
"Not only will they be invited to engage in the preparation of raw materials and commodities but also in the processing of materials such as in metal smelting." Jakarta (ANTARA News) - Indonesia will invite China to participate in development of its national economic corridor program when...
Thu, 21 Apr 2011
Foreign Investment Climbs Nearly 12%
From: The Jakarta GlobeBy Francezka Nangoy Amid a bumper day of positive economic news for the country, the Investment Coordinating Board announced that foreign direct investment in Indonesia rose 11.6 percent in the first quarter from a year earlier.
Thu, 21 Apr 2011
World Travel Market to be Held in May
TEMPO Interactive, Yogyakarta:The number of foreign tourists in Yogyakarta still depends on Indonesia’s main tourism destinations, such as Bali. That is the reason the Yogyakarta government has tried to improve their tourism industry through a world travel fair or “Travelmart”, from May 6 to...
Thu, 21 Apr 2011
Traditional Broom Exports to Japan Double
TEMPO Interactive,Slawi:Tegal’s traditional broom exports to Japan have doubled to meet demand from the disaster-stricken country.“We are sending four containers per month to Japan,” Ismi Juliani, broom company CV Kembar Bina Usaha’s Production head, told Tempo yesterday.
Thu, 21 Apr 2011
Kulon Progo Eyes Spanish Investors
TEMPO Interactive, Kulon Progo:The Kulon Progo government is ready to welcome potential Spanish investors, some of whom plan to make a return visit in early July.Kulon Progo regional secretary, Budi Wibowo, said that to accelerate Kulon Porgo economic development, the government will prioritize the...
Thu, 21 Apr 2011
RI`s many old oil wells can still be made productive
Jakarta (ANTARA News) - Indonesia`s oil production can be boosted by reactivating the many old but still productive oil wells it has inherited from the Dutch but have been neglected so far, an observer said.
Thu, 21 Apr 2011
HIPMI calls for more investment from China
Jakarta (ANTARA News) - The Indonesian Young Entrepreneurs Association (HIPMI) hopes China will balance its huge volume of trade with Indonesia with more investments in priority sectors."We hope they will bring in more investments to Indonesia especially for infrastructure as they have the...
Wed, 20 Apr 2011
Palm Oil Planters Get Wise With Bird of Prey Pest Control
From: The Jakarta GlobeBy Michael Taylor The palm oil industry has gone bird crazy by drafting owls to combat the menace of rodent pests, hoping in the process to burnish its green credentials and save money.
Wed, 20 Apr 2011
Australia expects economic agreement with Indonesia to be realized
JAKARTA, (Xinhua) Australia on Wednesday said that it has expected the Comprehensive Economic Partnership Agreement (CEPA) with Indonesia to be realized this year, an Indonesian legislator said here.Airlangga Hartarto, head of parliament's Commission VI focusing on trade, industry and investment...
Wed, 20 Apr 2011
Toyota develops Indonesia into production base
Jakarta (ANTARA News) - In the past forty years Toyota has developed Indonesia into a strong production base for the domestic and export markets."From 1987 to last year, Toyota has been exporting around 225,382 thousand CBU (completely built up) cars, exported 561 thousand cars in CKD...
Wed, 20 Apr 2011
Private Businesses May Invest Billions in MP3EI
From: The Jakarta GlobeBy Camelia Pasandaran Bogor. The chairman of the Indonesian Chamber of Commerce and Industry said on Tuesday that the nation’s private sector stood ready to invest $150 billion in the government’s master plan for growth.
Wed, 20 Apr 2011
Price of Soy Bean Predicted to Drop
TEMPO Interactive, Jakarta:The price of domestic soy bean might drop following the international market price’s decline. “The international price of soy bean has dropped 2.66 percent,” said Trade Minister Mari Elka Pangestu in Jakarta, last weekend.The decline follows Argentina’s 48.
Wed, 20 Apr 2011
Surakarta’s Exports on the Rise
TEMPO Interactive, Surakarta:Surakarta’s export value during the first three months of this year has risen by 11.4% compared to the same period last year.Import value rose to US$14.2 million, with the volume of goods rising from 3.2 million kilograms from US$12.8 million last year.
Wed, 20 Apr 2011
Investment Target to Double
TEMPO Interactive, Jakarta:The government is planning to double its investment target. President Susilo Bambang Yudhoyono conveyed his optimism that the US$ 100 billion planned initially until 2014 would be surpassed.State-owned enterprises said they were ready to invest that much.
Wed, 20 Apr 2011
Govt Incentives for Upstream Investment
TEMPO Interactive, Jakarta:The government will prepare incentives for Chinese businessmen investing in upstream industries to reduce Indonesia’s dependency on imported raw materials.However, Coordinating Economic Minister Hatta Rajasa has not confirmed what incentives will be given.
Wed, 20 Apr 2011
South Sulawesi-The Netherlands Education Cooperation
TEMPO Interactive, Makassar:The Dutch government will explore the possibility of an educational cooperative program with the South Sulawesi Government. The Netherlands feels that they have similar cultural, legal and historical aspects to make it possible.
Wed, 20 Apr 2011
Chinese premier to visit Malaysia, Indonesia
BEIJING, April 20 (Xinhua) -- Chinese Premier Wen Jiabao is to visit Malaysia and Indonesia from April 27 to 30, at the invitation of Malaysian Prime Minister Najib Tun Razak and Indonesian President Susilo Bambang Yudhoyono.
Wed, 20 Apr 2011
Private sector ready to invest $150 bln in economic development
Bogor, W Java (ANTARA News) - National private companies have expressed their commitment to invest Rp1,350 trillion (US$150 billion) in the country under a masterplan for acceleration and expansion of Indonesian economic development (MP3EI) until 2025.
Wed, 20 Apr 2011
Italy to import Bengkulu CPO
Bengkulu (ANTARA News) - An Italian investor will in the near future import crude palm oil (CPO) from a number of oil palm plantations in Bengkulu, head of the local Capital Investment Coordination Agency (BKPMD) Musiardanis said here on Tuesday.
Wed, 20 Apr 2011
Spanish investors interested in Indonesian economic potentials
London (ANTARA News) - Head of the Capital Investment Coordinating Agency (BKPM) Gita Wiryawan said Spanish investors have become interested in Indonesia as a country having a very vast economic potential.
Wed, 20 Apr 2011
KL, S`pore dominate tourist arrivals
Jakarta (ANTARA News) - Malaysian and Singaporean visitors dominated tourist arrivals in Indonesia in the first two months of 2011, a minister said."Admittedly, the two countries remain the main market for the Indonesian tourism," Culture and Tourism Minister Jero Wacik said here on...
Tue, 19 Apr 2011
Indonesia gets first seismic vessel
By Rangga D. FadillahOil and gas company Elnusa and France-based seismic service provider CGGVeritas have teamed up to operate the first Indonesian-flagged seismic vessel to support oil and gas exploration in Indonesia and the Asia Pacific area.
Tue, 19 Apr 2011
Green palm oil and Indonesia Inc. 2015
The Netherlands has recently decided that from 2015 it will be committed to only using sustainable palm oil, a step that has significantly boosted the standing of the Roundtable on Sustainable Palm Oil (RSPO).
Tue, 19 Apr 2011
RI govt targets $200 bln in investments until 2025
Bogor, West Java (ANTARA News) - President Susilo Bambang Yudhoyono said Indonesia will need more than US$200 billion in investment until 2025 to accelerate and expand economic development in Southeast Asia`s largest economy.
Tue, 19 Apr 2011
Govt Aims High With Economic Development Plan
Indonesia expects to become the world’s 12th-largest economy by 2025 through stimulating domestic growth with its planned economic corridor scheme and programs to improve regional connectivity.A document from the Coordinating Ministry for the Economy obtained by the Berita Satu Media Group on...
Tue, 19 Apr 2011
SBY Urges Investors to Match Indonesia’s Development Spending
SBY Urges Investors to Match Indonesia’s Development SpendingFrom: The Jakarta GlobeBy Camelia Pasandaran Bogor, West Java. President Susilo Bambang Yudhoyono has called on investors and businessmen to deliver on their commitments to participate in Indonesia’s development while the government...
Mon, 18 Apr 2011
Investment opportunities on our doorstep
Investing in Indonesia is starting to look just as attractive as China and India, writes John Collett.While everyone knows about the merits of investing in China and India, Indonesia barely rates a mention.
Mon, 18 Apr 2011
Indonesian investment agency to buy 7% of Newmont Indonesia
by Karima AnjaniJAKARTA (Reuters)The Indonesian government said on Sunday that state investment agency Pusat Investasi Pemerintah (PIP) would buy a 7 percent stake in Newmont Mining Corp's Indonesian unit, paving the way for an initial public offering for the unit in coming months.
Mon, 18 Apr 2011
German firm to invest $900m in West Papua
From: The Jakarta PostBy Linda YulismanGerman engineering firm Ferrostaal AG announced plans to build a petrochemical plant in West Papua at a cost of US$900 million, a senior company executive says.“The investment is about $900 million but it can change depending on the project and everything...
Mon, 18 Apr 2011
China to Invest in Energy-saving Lamps
TEMPO Interactive, Jakarta:The Industry Ministry has called on Chinese businessmen to invest in energy-saving lamp (LHE) components to support the local industry. “Some businessmen plan to expand their LHE components factory to Surabaya,” Budi Darmadi, the Industry Ministry’s leading...
Mon, 18 Apr 2011
Foreign investors eye infrastructure investment in Indonesia
JAKARTA,(Xinhua)The Indonesia International Infrastructure Conference and Exhibition (IIICE) from April 12-14 concluded on Thursday with foreign investors' commitment to developing infrastructure in the country.
Mon, 18 Apr 2011
PPP asks govt to renegotiate ACFTA
Jakarta (ANTARA News) - The United Development Party (PPP) has asked the government to renegotiate the ASEAN-China Free Trade Agreement (ACFTA) following a trade deficit with China over the past couple of years.