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Wed, 23 Feb 2011
With Improved Infrastructure, Economy can Grow 7.6 Percent
TEMPO Interactive, Jakarta:Indonesian economy could grow up to 7.6 percent from 2011-2014 if the government increases its spending for transportation infrastructure by 20 percent each a year.Another requirement is that private sector participation should be increased to 50 percent.
Wed, 23 Feb 2011
Food Scarcity Threaten Industries
TEMPO Interactive, Jakarta:The chairman of the National Soy Council, Benny A. Kusbini, said that the industry sector, especially the small and medium industries, are worried of the food scarcity threat this year.
Wed, 23 Feb 2011
Govt to develop biogas for small industry
Jakarta (ANTARA News) - The government will develop biogas technology as an energy source for small and medium scale industries, a senior official said.Director General for Small and Medium Industries Euis Saedah said here on Monday that biogas could serve as a solution to the use of efficient...
Wed, 23 Feb 2011
Thailand, RI to cooperate in agricultural business
Surabaya, East Java (ANTARA News) - A number of Thai envoys invited private businessmen in East Java for cooperation in agricultural business aimed at strengthening bilateral partnership between the two countries, the Thai Ambassador to Indonesia said here Monday (Feb 21).
Wed, 23 Feb 2011
2011 economic growth projected at 5.5 pct
Tanjung, S Kalimantan (ANTARA News) - The regency administration of Tabalong, South Kalimantan, has projected a 5.5 percent economic growth in 2011 with a poverty rate decline of an average of 1 percent per year.
Wed, 23 Feb 2011
South Korea’s Lotte to Build $5b Petrochemical Project in Banten
South Korea’s Lotte Group is planning to invest up to $5 billion in a petrochemical project in Banten province, with construction expected to start next year.“We will start the feasibility study to develop a petrochemical project in Merak, Banten province, this year.
Wed, 23 Feb 2011
Indonesia ‘Solid Pick’ To Be the Next BRIC
Dismissing the findings of a global conference that Turkey would be the next to join the rising economic powers of Brazil, Russia, India and China, analysts said Indonesia had far more potential given its resources and population but needed reforms to stay in the running.
Tue, 22 Feb 2011
Indonesian President Outlines `Illnesses` Behind Development Program's Failure2011
Bogor. President Susilo Bambang Yudhoyono conceded on Monday that the country’s development program had failed at the national and regional levels, outlining five reasons for the deficiency.Speaking prior to a meeting at the Bogor Palace to draw up a master plan for the acceleration and extension...
Tue, 22 Feb 2011
Domestic Demand, Rising Food Prices Drive Investment in Palm Oil Sector
Rising food prices and a government drive to develop Indonesia’s commodity processing sector will lure more firms to invest in palm oil products in the world’s top maker of the oil, despite erratic power, bad roads and aging ports that complicate the task of processing and moving goods.
Tue, 22 Feb 2011
Indonesia Orders Utility Listrik Negara to Buy Geothermal Power
Indonesia has ordered state-owned utility PT Perusahaan Listrik Negara to buy power from the country’s geothermal plants to support investment in the alternative energy source.Jakarta-based Listrik Negara is required to buy geothermal power at a maximum of 9.7 U.S.
Tue, 22 Feb 2011
Indonesian Govt to Set Up Economic Hub
VIVAnews - New economic hub is underway in Indonesia as the government plans to accelerate and expand the national development. Coordinating Minister for the Economy Hatta Rajasa will address the Working Meeting on the Acceleration and Expansion of National Economic Development about the masterplan...
Tue, 22 Feb 2011
US bizmen appreciate RI`s improved investment climate
Jakarta (ANTARA News) - United States businessmen appreciate the improved investment climate and the removal of many investment barriers in Indonesia.The appreciation was expressed by members of a US-ASEAN Economic Cooperation Council delegation at a meeting with President Susilo Bambang Yudhoyono...
Tue, 22 Feb 2011
Indonesia to strive to reduce exports of raw materials
Bogor, West Java (ANTARA News) - Indonesia plans to reduce exports of raw materials through efforts to process the materials at home to increase the value of its exports.Chief economic minister Hatta Rajasa made the statement at a press conference held on the sidelines of the government`s working...
Tue, 22 Feb 2011
Taiwan continues to encourage bizmen to invest in RI
Taipei (ANTARA News) - Taiwan continues to encourage its business people to invest in Indonesia as the economic power has been moving from the West to the East including to Indonesia, an official at the Council for the Economic Planning and Development (CEPD), Taiwan, said here recently.
Thu, 17 Feb 2011
S. Korea forms special team to boost investment in RI
South Korea has formed a special team to focus on boosting economic and investment cooperation with Indonesia in response to a request from President Susilo Bambang Yudhoyono.The request was conveyed Wednesday morning in Seoul to South Korean President Lee Myung-bak through a letter handed over by...
Thu, 17 Feb 2011
Indonesia aims to boos tourism by 30 percent
Indonesia is targeting to draw more tourists from fellow ASEAN country members and boost the number by nearly 30 percent this year.Chrismiastutie, deputy director for ASEAN at Indonesia's Culture and Tourism Ministry, said Wednesday in Jakarta that the country was targeting to boost the number to 3.
Thu, 17 Feb 2011
The Bali Zoning Debate Bali Tries to Find a Balance Between Profit, Development and Cultural Preservation in Debating
Bali Tries to Find a Balance Between Profit, Development and Cultural Preservation in Debating Island-Wide Zoning Regulation.A leading Balinese voice on environmental and legal issues, Professor Sr. I.G.N.
Thu, 17 Feb 2011
List of South Bali Buildings Governor Wants Demolished
More Than 25 Structures on Governor Pastika's List of Building Standing Too Close to Bali's Uluwatu Temple.A formal letter from Bali's governor Made Mangku Pastika to the regent of Badung has identified at least 25 villas and hotels under threat of demolition if the 2009 Zoning Law (RTRW) is...
Thu, 17 Feb 2011
Battle Lines Forming in Bali Zoning War
Be worried. Be genuinely worried.At the risk of being branded an alarmist, we view the growing controversy over zoning in Bali as a potential tinder box that, if handled incorrectly, could grow into a pitched battle with tragic consequences for the people and the island of Bali.
Thu, 17 Feb 2011
Foreign Advertising Agencies Dominant in Bali
TEMPO Interactive, Denpasar:Almost half of advertising businesses in Bali is starting to be dominated by foreign advertising companies. Yet, the market is only one percent of the total national advertising spending.
Thu, 17 Feb 2011
Govt sets investment target for 2011 at Rp240 trillion
Padang, West Sumatra (ANTARA News) - The Investment Coordinating Board (BKPM) has set a target of investment for 2011 at Rp240 trillion compared to Rp208 trillion last year.The 2011 investment target represented a significant increase compared to 2009 when investment reached Rp135 trillion, BKPM...
Thu, 17 Feb 2011
US hopes Indonesia to create integrated market
Jakarta (ANTARA News) - US businessmen grouped in the US-ASEAN Business Council hope Indonesia as current chair of ASEAN could create an integrated market in the region."US companies are hoping for an integrated market in Southeast Asia that would make them easy to expand their businesses in...
Thu, 17 Feb 2011
S Korean firms to invest US$12 bln in Indonesia
Seoul (ANTARA News/Yonhap/OANA) - South Korean companies plan to invest US$12 billion in Indonesian business sectors such as steel, power production and distribution, the government said Wednesday.The Ministry of Knowledge Economy said the investment plan, unveiled at a bilateral meeting of senior...
Wed, 16 Feb 2011
Finland helps Indonesia with renewables
JAKARTA, Feb. 15 (UPI) -- The government of Finland offered Indonesia a $5.38 million grant to help run a program that would advance the use of renewable energy resources, an envoy said.The countries signed an agreement to encourage the use of wood and other agricultural residues as a source of...
Wed, 16 Feb 2011
Entrepreneurs support govt plan to ban raw fish exports
The Indonesian Fisheries Processing and Marketing Entrepreneurs Association has voiced its support for the government’s plan to ban exports of raw fish.Association chairman Thomas Darmawan said Tuesday the value of raw fish was lower than that of processed products because the former could be...
Wed, 16 Feb 2011
After tax holidays, what next?
Government Regulation No. 94/2010, which was instituted early this year, has paved the way for tax holidays. Companies may now be granted income tax exemptions or reductions for several years if they make new investments in pioneer industries, that is, industries with linkages to others, that...
Wed, 16 Feb 2011
Govt urged to control mushrooming mini-markets
Jakarta (ANTARA News) - House of Representatives (DPR) Deputy Chairman Taufik Kurniawan urged the Trade Ministry on Tuesday to deal with the uncontrolled growth of mini-markets all over the country."If they are not controlled they will threaten small businesses and create unsound business...
Wed, 16 Feb 2011
Govt offers Keidanren cooperation to develop infrastructure
Jakarta (ANTARA News) - Industry Minister MS Hidayat has offered Japanese companies cooperation to develop infrastructure facilities in the country`s six economic corridors.The minister offered the cooperation during a meeting with Japanese businessmen grouped in the Japanese chamber of commerce...
Wed, 16 Feb 2011
US NGO defends RI palm oil industry
Jakarta (ANTARA News) - An American non-governmental organization (NGO) has come out in defense of Indonesia`s palm oil industry, saying it contributes to the country`s and world`s economic growth and food security.
Mon, 14 Feb 2011
Argentina emerges as a key supplier of soybeans to RI
Quoting: Kittyso that's why now the soybean it's too expensive! that's right, which means its time to get into the soybean growing business! i can set you up in no time! well, not actually no time, but 8 weeks.
Mon, 14 Feb 2011
Argentina emerges as a key supplier of soybeans to RI
so that's why now the soybean it's too expensive!
Mon, 14 Feb 2011
Argentina emerges as a key supplier of soybeans to RI
Most Indonesians generally know Argentina for its soccer and tango. But they don’t know that the main ingredient - soybean - in staple foods such as tempe, tofu and soy sauce comes mostly from Argentina.
Mon, 14 Feb 2011
Reshaping regional autonomy
The draft revision of Law No. 32/2004 on local government has finally been submitted to the President for his review and approval before being sent to the House of Representatives. The House has already allocated a 2011 deliberation agenda on the revision of Law No. 32/2004.
Mon, 14 Feb 2011
Shell to Build Lubricant Factory in Indonesia
VIVAnews - PT Shell Indonesia prepares US$90-100 million of investment to build lubricant factory in Indonesia. The factory is of the capacity of 100 thousand tonnes and is expected to operate by 2013.Shell Indonesia President Director Darwin Silalahi said the factory will be used to meet the...
Mon, 14 Feb 2011
Sarinah to begin exporting cassava
Jakarta (ANTARA News) - State-owned company PT Sarinah is increasing the number of its trade commodities by purchasing cassava from farmers and exporting it for cattle fodder to China.PT Sarinah President Director Jimmy M Rifai Gani said here on Sunday that his company was buying cassava from...
Mon, 14 Feb 2011
Indonesia`s exports of textile products to China up 30 pct
Jakarta (ANTARA News) - The Free Trade Agreement (FTA) with China has increased Indonesia`s exports of textile and textile products to that country by more than 30 percent last year securing Indonesia`s position as an exporter of the products to China, the Indonesian Textile Association (API)said.
Mon, 14 Feb 2011
Textile industry agrees to lift ceiling on electricity tariff hike
Jakarta (ANTARA News) - State electricity corporation PT PLN and the Indonesian textile association (API) have reached agreement to cancel the 18 percent capping of power price hike.PLN business and risk management director Murtaqi Syamsuddin said here on Sunday that the agreement on the matter had...
Fri, 11 Feb 2011
Indonesia: A Divine Mess
In the last two years Indonesia has been an investment darling, with its shares increasing 46% in 2010 alone, tops among the world's largest markets. Unlike many of its Asian neighbors, Indonesia lacks an export-driven economy or a massive global diaspora.
Fri, 11 Feb 2011
Indonesia to require utility PLN to buy geothermal power
JAKARTA Feb 10 (Reuters) - Indonesia's energy ministry said on Thursday it will issue a decree ordering state-owned utility PT Perusahaan Listrik Negara (PLN) to buy electricity generated from geothermal power plants at a ceiling price of 9.7 U.S. cents per kilowatt hour.
Fri, 11 Feb 2011
Food Containing Pork to Display Picture of Pig
TEMPO Interactive, Jakarta:The Food and Drug Monitoring Agency (BPOM) said that all food products containing pork or those which have been processed alongside pork products, must display a red square with a picture of a pig.
Fri, 11 Feb 2011
RI must become economic growth center : VP
Jakarta (ANTARA News) - Vice President Boediono said that Indonesia should be developed into a center for economic growth, not as a mere energy supplier for other countries because energy need at home had also continued to increase.
Fri, 11 Feb 2011
New tax chief to target big taxpayers
Jakarta (ANTARA News) - The new director general of taxation, Fuad Rahmany, said he would target big taxpayers to achieve the potential tax revenue of Rp708 trillion in 2011."Many big tax payers that have not paid tax fully.
Fri, 11 Feb 2011
Govt urged to control coal exports
Jakarta (ANTARA News) - The Indonesia Mining Community has called on the government to control coal exports to ansure fulfillment of domestic needs.The Chairman of the Presidium of the Indonesia Mining Community, Herman Afif Kusumo, said here on Thursday that coal must be seen as an energy...
Wed, 09 Feb 2011
Govt urged to lure manufacturing investment
The government should focus on attracting investment in manufacturing following the sector's declining contribution to the country's gross domestic product (GDP) over the past three years.Faisal Basri, an economist from the University of Indonesia, said on Tuesday that the government should...
Wed, 09 Feb 2011
Indomaret to open 800 new stores in 2011
Local retail chain Indomaret is planning to open 800 new stores this year, making its total number of outlets across the country 5,755.Indomaret currently operates 4,955 stores throughout Indonesia.Wiwiek Yusuf, director of marketing at PT Indomarco Prismatama, which operates Indomaret, said 50 new...
Wed, 09 Feb 2011
22 foreign shoemakers plan to relocate factories to Java
At least 22 shoe companies from South Korea, China and Vietnam have planned to relocate factories to Java, a senior government official says.Industry Ministry secretary-general Ansari Bukhari said the shoemakers were eyeing Sidoarjo in East Java, Tangerang in Banten, Purwakarta, and Sukabumi in...
Wed, 09 Feb 2011
Soybean production won't likely meet target: Govt
With poor weather conditions affecting harvests, local soybean production this year is anticipated to fall short of the government target.Earlier, the government said it expected to produce up to 960,000 tons of soybeans in 2011, but this target would be “hard” to meet, Deputy Agriculture...
Wed, 09 Feb 2011
Bali Applies Moratorium on Hotel Construction
TEMPO Interactive, Denpasar:The Bali provincial government is applying a moratorium on hotel construction. The policy is being implemented in Denpasar, Badung and Gianyar.Bali government spokesperson I Ketut Teneng, said the policy was effective as of January 5 this year.
Wed, 09 Feb 2011
Sweden exploring pro-environment business with Indonesia
Jakarta (ANTARA News) - Sweden is exploring possibilities of doing pro-environment business with Indonesia, visiting Trade Minister Ewa Bjorling said here on Tuesday.The minister made the statement when opening a seminar themed "Green Growth for Indonesia : A Knowledge Sharing Seminar with...
Wed, 09 Feb 2011
Bali`s non-oil/gas exports reach 519.91 million us dollars
Denpasar, Bali (ANTARA News) - Bali`s non-oil/gas exports last year reached 519.91 million US dollars, a 3.4 pct increase from the 502.54 million US dollars a year earlier."The 2010 forex earning exceeded the set 515.