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Wed, 04 Aug 2010
China's CIC may invest up to $25 bln in Indonesia
JAKARTA, Aug 3 (Reuters) - China Investment Corp (CIC) may invest up to $25 billion in Indonesia, a minister of Southeast Asia's biggest economy said, a move that will help the fund secure resources in a country hungry for foreign financing.
Wed, 04 Aug 2010
Corruption, Maze of Rules Hinder British Investment
Jakarta. Indonesia could be a prime target for UK investment if it cleared some pitfalls, British Ambassador Martin Hatfull said on Tuesday.The government must overcome corruption, confusing regulations and impediments like the negative investment list if it wanted to realize its full potential as...
Tue, 03 Aug 2010
Manpower minister promises to rearrange outsourcing system
Minister of Manpower and Transmigration Muhaimin Iskandar promised on Monday to rearrange existing outsourcing work contract system because the system was considered to cause losses on the part of the workers.
Tue, 03 Aug 2010
Key political risks to watch in Indonesia
JAKARTA Aug 2 (Reuters) - Indonesia is attracting enormous emerging market investor interest, partly thanks to President Susilo Bambang Yudhoyono's market-friendly reforms.That trajectory, however, is imperilled by vested interests who stand to lose out if measures aimed at increasing transparency...
Tue, 03 Aug 2010
Japan to Build Biofuel Plant in East Java
TEMPO Interactive, Jakarta: Japan has pledged a US$16 million assistance in form of machinery, equipments, and working capital for Indonesia to develop biofuel production of byproducts from sugar industry in the country, the Industry Department said, which is expected to pave way for a similar...
Tue, 03 Aug 2010
Maluku Expo serves as investment gate
Ambon, Maluku (ANTARA News) - The Maluku Expo 2010 will benefit Maluku province and could serve as a gate for the entry of investment for its economic development, a vice minister said."The presence of 169 handicraft product stands in the Maluku Expo arena is proof the rapid growth of...
Tue, 03 Aug 2010
Lampung`s seaweed exports down
Bandarlampung (ANTARA News) - Lampung province`s seaweed exports over the past six months were recorded at US$6,225 only with a volume of 34.86 tons."The seaweed exports declined both in term of values or volumes respectively by 94.12 percent and 59.
Tue, 03 Aug 2010
Bali exports 7.1 tons of coffee
Sunday, August 1, 2010 16:20 WIB | Economic & Business | | Viewed 448 time(s)Denpasar, Bali (ANTARA News) - The Indonesian tourist resort province of Bali exported 7.1 tons of coffee worth US$58,645 in the five period of January-May 2010, a regional government spokesman said.
Tue, 03 Aug 2010
Indonesia exports down 2.87 pct in June
Jakarta (ANTARA News) - Indonesia`s exports in June 2010 fell 2.87 percent to US$12.29 billion from a month ago on a decline in oil and gas exports, the Central Statistics Agency (BPS) said.However, compared to the same period last year, Indonesia`s exports in June 2010 rose 31.
Tue, 03 Aug 2010
Tourist arrivals up 14 pct
Jakarta (ANTARA News) - More than 3.38 million foreign tourists visited Indonesia in the first half of 2010, up 14 percent from the same period last year, the Central Statistics Agency (BPS) said.In June 2010 alone, more than 613.4 thousand foreign tourists visited the country, an 11.
Tue, 03 Aug 2010
Auto industry grows 26.15 pct in second quarter
Jakarta (ANTARA News) - Indonesia`s auto industry grew 26.15 percent in the second quarter oF 2010 compared to the first quarter, according to the Central Bureau of Statistics (BPS).The auto industry`s growth in the second quarter of 2010 was higher than the average growth of medium and big...
Tue, 03 Aug 2010
Rupiah Blamed for Slowdown In Exports
The country’s exports for June slowed partly as a result of the stronger rupiah and a fall in some commodity prices, analysts have said.The Central Statistics Agency (BPS) announced on Monday that exports for June were worth $12.29 billion, a 31 percent increase year-on-year.
Tue, 03 Aug 2010
Trade With Malaysia Bouncing Back To Pre-Crisis Levels, Minister Says
Jakarta. Indonesian Trade Minister Mari Elka Pangestu is optimistic two-way trade with Malaysia will rebound to $15 billion this year - its level before the global financial crisis - thanks to strong commodity prices and the improving economies of both countries.
Mon, 02 Aug 2010
Improving Services for Domestic Connectivity
The Indonesia Services Dialogue is an informal forum to discuss and consider ways to increase growth and efficiency in the Indonesian Services sector. The debate includes government policy makers, regulators, and services providers and users from the business community.
Sun, 01 Aug 2010
Chinese enterprises contribute to Indonesia's economy, society
JAKARTA, Aug. 1 (Xinhua) -- Along with the implementation of " going out" strategy, there has been more than 700 Chinese enterprises registered in Indonesia, contributing a lot to Indonesia's economy and society.
Sun, 01 Aug 2010
Minister : Maluku`s fishery potential can boost its economy
Ambon, Maluku Province (ANTARA News) - Maluku`s fishery potential can boost the province`s s economy, said Fisheries and Marine Affairs Minister Fadel Muhammad."The fishery potential existing in Maluku must be used to support the economy of this region in particular and Indonesia in...
Sun, 01 Aug 2010
Indonesia offers tremendous business opportunities for M`sian firms
Kuala Lumpur (ANTARA News/Bernama) -- The Malaysia External Trade Development Corporation (Matrade) recently concluded a specialised marketing mission to Jakarta and found tremendous business opportunities for Malaysian construction companies.
Sun, 01 Aug 2010
Darmin: Currencies appreciate because Asian economies improving
Jakarta (ANTARA News) - Bank Indonesia governor Darmin Nasution said Asian currencies are appreciating including the rupiah because economic growth in the region is better than in the US."This is more because data about the US economy are not as good as expected by main players and analysts...
Sun, 01 Aug 2010
Customs, excises agency continuously reforming itself
Jakarta (ANTARA News) - The Customs and Excises Directorate General is continuously reforming itself in order to optimize state revenue, its chief said."We have been continuously implementing bureaucratic reform since 2007, and we do it systematically.
Sun, 01 Aug 2010
Minister: Trend in export growth up
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said the trend in export growth is rising in line with increasing export demand from countries in Asia."I saw until May the trend is still around 30 percent compared to that of the same period last year," she said after the...
Sun, 01 Aug 2010
Indonesia: spike in first half investment
The stream of upbeat economic news out of Indonesia continues with figures showing the country is on track to meet ambitious investment targets this year.Data released by the investment coordination board Wednesday showed a 40 jump in realised domestic and foreign investment in the first six months...
Sat, 31 Jul 2010
Indonesia must provide connectivity, infrastructure, energy to attract more foreign investors: economist
JAKARTA, July 30 (Xinhua) -- Indonesia must provide good connectivity, infrastructures, energy supply and simplified regulation to attract more foreign investors, an economist told Xinhua in an exclusive interview on Friday.
Fri, 30 Jul 2010
Regional Champions Attract Investors
TEMPO Interactive, Jakarta:The Investment Coordinating Board (BKPM) chairman, Gita Wirjawan, said the regional champion program launched at the beginning of this year has managed to attract domestic and foreign investors.
Fri, 30 Jul 2010
Caterpillar Mulls Production Base in Indonesia, Gita Says
Jakarta. US heavy equipment maker Caterpillar may pick Indonesia as its Southeast Asia manufacturing base, joining the likes of South Korea’s LG Electronics, which is also considering such a move, as Jakarta takes on regional rivals Vietnam and Thailand, Indonesia’s investment chief said.
Thu, 29 Jul 2010
US among top-three investors in Indonesia
[size:14pt]US among top-three investors in Indonesia[/sizeThe US is the third top country to make investments in Indonesia, a top official says.The Investment Coordinating Board head Gita Wirjawan said Wednesday the realization of the US’ investment reached US$330 million with 33 projects in the...
Thu, 29 Jul 2010
The rent-seeking mentality
It is mind-boggling to learn of the complete ignorance on the part of the Home Ministry regarding the thousands of regional bylaws on taxes and user charges/retributions throughout the country that are greatly inimical to investments and regional trade.
Thu, 29 Jul 2010
BKPM Reports Sharp Rise in Indonesian Investment
Indonesia. Indonesia experienced a surge in foreign direct investment in the first half of the year, creating expectations that the total for the year may exceed earlier forecasts, the Investment Coordinating Board announced on Wednesday.
Thu, 29 Jul 2010
Central Jakarta Office Space Losing Appeal, Procon Says
Jakarta. More businesses will be relocating to South Jakarta and West Jakarta over the next several years, with the central business district seeing a decline in its share of the market due to high rents and traffic congestion, property analysts said.
Thu, 29 Jul 2010
Rattan Businessmen Targets Chinese Market
TEMPO Interactive, Jakarta:The Indonesian Furniture Association chairman Ambar Tjahjono is calling on rattan businessmen to start marketing their products in the China market. China’s strong domestic market, according to him, has great prospects.“China only earns US$ 35 billion from exports.
Thu, 29 Jul 2010
Turkish Companies on Indonesia Visit
TEMPO Interactive, Jakarta: Representattives from six Turkish corporations in negotiation for cooperation and investments in Indonesia with seven indonesian firms has visited Jakarta today for further talks a month the first signings of Memorandum of Understanding during President Susilo Bambang...
Thu, 29 Jul 2010
Over 50 Percent of Investment Target this Year Achieved
TEMPO Interactive, Jakarta:New investments during the first semester of this year reached Rp 92.9 trillion. According to the chairman of the Investment Coordinating Board (BKPM), Gita Wirjawan, 58.1 percent of this year’s Rp 160 trillion investment target had been fulfilled.
Thu, 29 Jul 2010
BKPM hints investment to hit rp180 trillion
Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) has hinted the realization of investment may hit a record of Rp180 trillion this year if the government is able to improve infrastructure facilities and ensure energy supplies."Let`s wait and see.
Thu, 29 Jul 2010
Online Businesses to be Subject to Pay Income Tax in Installments
The Directorate General of Tax has stated that online businesses will be subject to pay a monthly installment of their annual Income Taxes as set out in the Director General of Tax Regulation No. PER-32/PJ/2010 on the Implementation of the Imposition of Article 25 Income Tax for Certain Businesses...
Wed, 28 Jul 2010
Singapore, No 1 Investor in Indonesia
VIVAnews - The United States is the third top country that makes investment in Indonesia at a total of US$0.3 billion worth of contribution in 33 projects.However, up until the second quarter of 2010, Singaporean investors are listed as number one with a total investment of US$1.
Tue, 27 Jul 2010
Govt aims to achieve rice, corn self sufficiency in 2014
Plus they drained the peat bogs for Suharto's Mega Rice fuck up thus massively adding to global warming. Indo rice is crap anyway, all sticky and stodgy. They should at least grow long grain. Or
Tue, 27 Jul 2010
Govt aims to achieve rice, corn self sufficiency in 2014
teh rice self-sufficiency fetish seems common in asia. perhaps it can be traced back to when famines were more common in these parts.what ever the reason, indonesian farmers are not very good at rice growing.
Tue, 27 Jul 2010
Govt aims to achieve rice, corn self sufficiency in 2014
"Self-sufficiency in food production as a manifestation of food resilience is of great importance to meet the people`s basic necessities, and ensure national economic and political stability," he said.Bollocks, it's just typical Indo rice fetishism.
Tue, 27 Jul 2010
Govt aims to achieve rice, corn self sufficiency in 2014
Maros, S Sulawesi (ANTARA News) - The government has set itself the target of achieving self sufficiency in rice and corn production in 2014, a minister said.To that end, the government had targeted the annual increase in rice and corn production at 3.22 percent and 10.
Tue, 27 Jul 2010
RI suffers US$0.4 billion trade deficit with China: minister
Bandung, W Java (ANTARA News) - Indonesia is still suffering 0.3 billion dollars in its trade balance with china, Trade Minister Marie Elka Pangestu told a panel discussion on Monday.The trade deficit suffered by Indonesia was caused by the decline in its oil and gas exports, the minister said.
Tue, 27 Jul 2010
Indonesia sees economy growing faster than forecast
JAKARTA: Indonesia's finance minister said the government expected its economy to grow at a faster than budgeted 5.9 per cent this year and predicted a smaller-than-forecast budget deficit.The stronger government finances may lead Southeast Asia's top economy to cut its debt issuance target for the...
Tue, 27 Jul 2010
Investment Board Demand More Government Stake in Top Projects
TEMPO Interactive, Jakarta: The investment Coordinating Board has advised the governement take a more active role in public projects and leave the passive role of as the agency took over responsibility in offering government projects to foreign investors from the National Development Planning...
Tue, 27 Jul 2010
Labor Woes at Aston Bali Resort and Spa
Deadline Looming for Staff at Aston Bali Resort and Spa to Accept New Jobs and Severance Payout.As reported on Balidiscovery.com, the recent bankruptcy of PT Dewata Royal International (DRI) - the former owners of Aston Bali Resort and Spa [See: Labor Woes at Aston Bali Resort and Spa], has placed...
Mon, 26 Jul 2010
Analysis: Indonesia: Energy on the boil
Indonesia is to tap into vast reserves of geothermal energy to help meet its power needs for coming decades, with plans to invest more than US$10 billion over the next 15 years in the renewable power source.
Mon, 26 Jul 2010
Five places to invest before you retire
While the start of this year was all about the misery of the PIIGS, the rest of the year is likely to focus on the mastery of the STINC.That would be Singapore, Thailand, Turkey, Indonesia and Chile, five under-appreciated corners of the earth unsullied by over-spending, over-confidence and...
Mon, 26 Jul 2010
Agriculture needs prompt adaptation
Recently, we witnessed an outcry from households in our country due to prices on some agricultural commodities, especially peppers reaching up to Rp 50,000 (around US$5) per kilogram.The astronomical price increase was caused, among others, by reduced supply due to crop failure as looming climate...
Mon, 26 Jul 2010
Indonesia to Produce Cheap Sedans
TEMPO Interactive, Jakarta:Trade Minister M.S. Hidayat has said that the government is conceiving the idea of producing cheap cars domestically.The sedan will be a low cost green car and will be marketed at the price of around Rp80 million.
Mon, 26 Jul 2010
VP: halal certification must not burden industries
VP Boediono. (ANTARA News)Jakarta (ANTARA News) - Vice President Boediono said halal certification of domestic products and services should not be burdensome or harmful to industries."The awareness of products and services must belong to all parties and all stakeholders and therefore the halal...
Mon, 26 Jul 2010
VP: national automotive industry not yet competitive
Jakarta (ANTARA News) - Vice President Boediono said THE national automotive industry was not yet competitive compared to those in other countries."We have been developing an automotive industry in the country for a long time but until now it remains unable to compete with similar industries...
Mon, 26 Jul 2010
Pulau Baai pier development needs Rp36.6 billion
Bengkulu (ANTARA News) - The construction of Nusantara I pier of Pulau Baai port of Bengkulu needs a fund of more than Rp36.6 billion, an official of the local port operator said."The construction of the pier is expected to be completed late this month and operated in September," Manager...
Mon, 26 Jul 2010
Govt urged to encourage renewable energy consumption
Jakarta (ANTARA News) - The Energy Care Society (MPE) urged on Sunday the government and the House of Representatives (DPR) to encourage the use of renewable energy as an alternative to fossil fuel."The government and the DPR need to issue a regulation to lay a firm basis to change fossil...