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Mon, 18 Feb 2008
Merchants must have pride, VP says
this has been the first peep out of the veep for quite a while. and the issue? it seems the balinese want to bypass the moribund KADIN and form their own little ginger group so they can lobby for handouts.
Mon, 18 Feb 2008
Merchants must have pride, VP says
Sanur, Bali (ANTARA News) - Vice President Jusuf Kalla has told Balinese merchants that they must have pride without engaging themselves in a structural organization."Dealing in any product could be the pride so long as it is accompanied with high spirit and creativeness, and just leave the...
Sun, 17 Feb 2008
Japanese dominate 2007 tourist arrivals in Bali
actually, these figures are deceptive. most asian tourists come for very short stays; typically package holidays staying at 5 star hotels.non-asian tourists stay much longer -- 1-2 weeks or more -- and spend a lot more money overall, and stay at 3-4 star hotels.
Sun, 17 Feb 2008
Japanese dominate 2007 tourist arrivals in Bali
[Rain] japanese dominate 2007 tourist arrivals in Bali...amazing![Rain] instead of australian,as Bali as their second home[KuKuKaChu] yep, ozzies now 2nd place ....[KuKuKaChu] but japs only stay a few days at a time, and always in big hotels.
Sun, 17 Feb 2008
Japanese dominate 2007 tourist arrivals in Bali
amazing!instead of australian who place Bali as their second home!it shows Bali getting better isn't it!?!
Sun, 17 Feb 2008
Japanese dominate 2007 tourist arrivals in Bali
Denpasar, Bali (ANTARA News) - Japanese topped the list of foreign tourist arrivals in Indonesia`s resort island of Bali in 2007, reaching 351,752 persons, or about 21.11 percent of the total number of foreign tourist arrivals (1,666,079), a local official said.
Sat, 16 Feb 2008
RI`s GDP in 2007 recorded at 6.32 pct
Jakarta (ANTARA News) - The Central Bureau of Statistics (BPS) on Friday announced that Indonesia`s gross domestic product (GDP) in 2007 was recorded at 6.32 percent.BPS deputy chief for statistical and balance sheet analysis Slamet Soetomo said the 2007 GDP was slightly higher than the...
Sat, 16 Feb 2008
Realized investment in 2007 reached Rp135 trillion
Jakarta (ANTARA News) - Realized domestic and foreign investments in 2007 amounted to Rp135 trillion, exceeding the previous projection of Rp114 trillion, a finance ministry official said."The realization of investments in 2007 was higher than those in the four previous years.
Fri, 15 Feb 2008
Indonesian growth in 2007 fastest in 11 years
Jakarta (ANTARA News) - Indonesia's full-year growth for 2007 clocked in at 6.32 percent, the fastest rate since the country was hit by the Asian financial crisis 11 years ago, official data showed Friday.The figure was slightly higher than the government forecast of 6.
Fri, 15 Feb 2008
Indonesia`s United Tractors January heavy equipment sales up 60 pct
Jakarta (ANTARA News) - Indonesia's PT United Tractors said Friday its "Komatsu" heavy equipment sales rose 60 percent to 491 units in January from 306 a year earlier, led by sales to the mining and agriculture sectors.
Fri, 15 Feb 2008
Software giant comes to RI
On the back of higher demand for business software in Indonesia, U.S. software giant SAS is opening an office in Jakarta in efforts to better penetrate the market.Through its local unit, PT SAS Institute, SAS has planned an investment of between US$8 million and $10 million in Southeast Asia's...
Fri, 15 Feb 2008
Tax director general aims big this year
Aditya Suharmoko, The Jakarta Post, JakartaThe tax office said Thursday it would strive to significantly raise tax revenue this year in an attempt to increase the country's coffers.Finance Ministry Director General of Taxation Darmin Nasution told a press conference that this year his office aimed...
Fri, 15 Feb 2008
Government upholds deadline on Newmont's divestment process
The government is insisting PT Newmont Nusa Tenggara complete its planned divestment process by Feb. 22, threatening to terminate the U.S. company's mining contract for its gold and copper operations in West Nusa Tenggara if it fails to meet the deadline.
Fri, 15 Feb 2008
BlueScope invests $113m to lift output
JAKARTA (JP): Australian steel producer PT BlueScope Steel Indonesia is investing $113 million to expand its plant in response to rising local demand for steel.Attended by Industri Minister Fahmi Idris, the ground-breaking ceremony for the expansion was held Tuesday in Cilegon, Banten.
Fri, 15 Feb 2008
Indonesia 2007 GDP expected to grow at fastest pace in 11 years
Jakarta (ANTARA News) - The Indonesian economy is expected to have grown at its fastest pace in 2007 since the country was hit by the Asian financial crisis 11 years ago, driven mostly by private consumption.
Fri, 15 Feb 2008
Bengkulu to build new ports
Bengkulu (ANTARA News) - Bengkulu province which partially consists of beaches will in this year build several new ports for its plantation produce and coal.One of the ports which already has a permit for its construction will be located in Muko Muko Regency, and a further survey to be followed by...
Fri, 15 Feb 2008
Bengkulu develops Sigarar Utang coffee
Bengkulu (ANTARA News) - Sigarar Utang coffee, like arabica coffee of Medan, North Sumatra, is now being developed in Bengkulu on land with an altitude of about 1,000 meters avove sea level.Some 44,000 sigarar utang coffee trees in the Mangkorajo hills in Lebon regency, had been developed since...
Thu, 14 Feb 2008
Quantum to invest US$250 million on biofuel developments in Sumba
The Quantum Group of Australia will invest up to US$250 million to develop 100,000 hectares of land in East Nusa Tenggara to grow cassava, as well as set up four ethanol processing plants, employing as much as 60,000 local farmers.
Thu, 14 Feb 2008
Indonesia's economy: The year of the bubble
Rizal Ramli, JakartaThe performance of Indonesia's macroeconomy in 2007 was satisfactory from the perspective of the rate of growth and the balance of payments. International commodity price increases improved the country's terms of trade and speculative capital flows drove up share prices on the...
Thu, 14 Feb 2008
Govt, House plan to cut corporate tax to 25%
Rendi Akhmad Witular, The Jakarta Post, JakartaAiming to boost private sector investment, the government and the House of Representatives are planning to cut corporate income tax to a single rate of 25 percent in an amendment of the income tax law.
Thu, 14 Feb 2008
Bumiputera to have highest building in Indonesia
Jakarta (ANTARA News) - The life insurance company Bumiputera 1912 plans to build the highest building in Indonesia, with 63 floors."We have conducted the ground breaking ceremony of Bumiputera Tower located east of the Wisma Bumiputera on Jl. Jend.
Thu, 14 Feb 2008
Fitch upgrades Indonesia`s sovereign credit rating to `BB`, outlook stable
Jakarta (ANTARA News/Thomson Financial) - Fitch Ratings said Thursday it has upgraded Indonesia's long-term foreign and local currency issuer default ratings(IDRs) to "BB" from "BB-" as the country is making progress in boosting its investment climate.The outlook for both ratings is stable.
Thu, 14 Feb 2008
When the oil runs out and the plantations run dry
the sooner this oil palm biofuel mania has been killed off, the better. the recent EU ruling regarding biofuels seems to have put a bit of a sock in the "gold rush" for plantation land in Indonesia, but it's probably too late to stop the environmental carnage that will ensure in Kalimantan in...
Thu, 14 Feb 2008
2008 soybean production projected at more than 1.3 million tons
Jakarta (ANTARA News) - The government has projected Indonesia`s soybean production at more than 1.3 million tons in 2008 in a bid to reduce dependence on imports of the commodity.Agriculture Minister Anto Apriyantono said here on Wednesday the government would have to enhance the country`s...
Thu, 14 Feb 2008
Bluescope Steel to lift investment in Indonesia by US$113 mln
Jakarta (ANTARA News/Asia Pulse) - Australian steel maker Bluescope Steel Limited (ASX:BSL) said it will increase investment by US$113 million to increase the capacity of its factory in Cilegon, Banten, Indonesia.
Wed, 13 Feb 2008
'Success hinges on competence, not degree'
Oh this is brilliant .....I don't know why they publish this as it is clear the person speaking has no insight of the local market (Indonesia). I don't think she is even based in Indonesia and if she is then she can expect a visit from the Manpower department looking for some cash as it is against...
Wed, 13 Feb 2008
Govt eyes more investment from Arab world: Kadin
Indonesia, the world's largest Muslim country, expects a downpour of investments from the Middle East following the creation of a massive fund by oil kingpins in the Islamic region, a powerful lobby group says.
Wed, 13 Feb 2008
Govt's new tariffs may benefit Indonesia's cellular industry
Teguh P Hartanto, AnalystLower telecommunication tariffs may ultimately be beneficial for the industry.In response to a recent ruling by the Business Competition Supervisory Commission (KPPU), the government announced a new set of interconnection tariffs, which will take effect on April 1, 2008.
Tue, 12 Feb 2008
World's CPO production projected to reach 41.4m tons in 2008
JAKARTA (Antara): The World's crude palm oil output is forecast to reach 41.40 million tons this year, up 8.5 percent compared to last year's 38.15 million tons, Oil World reported.The report stated that the increase in palm oil production comes as a result of a 6.
Tue, 12 Feb 2008
British company to exploit gold deposits in Jambi
Jambi (ANTARA News) - A British company, Sumatra Coover and Gold Ltd, will cooperate with a local partner, PT Nusa Palapa Minerals, to exploit gold deposits in three districts in Jambi province, a provincial mineral resources official said.
Tue, 12 Feb 2008
Indonesian consumer confidence falls for second month in January
Jakarta (ANTARA News/Thomson Financial) - Indonesian consumer confidence dropped forthe second straight month in January with more consumers downbeat about current economic conditions and few were optimistic about what lies ahead, according to the latest survey by the central bank released Tuesday.
Tue, 12 Feb 2008
Indonesia to reduce import duty on HRC to zero percent
Cilegon, Banten (ANTARA News) - The government will reduce its import duty on hot roll coil (HRC) to zero percent in a bid to encourage the growth of the country`s downstream steel industry, a minister said.
Tue, 12 Feb 2008
Pertamina may develop gigantic reserve: BPPT
JAKARTA (JP): State oil and gas firm Pertamina will follow up on the recent preliminary finding by a state research agency of a large hydrocarbon reserve off the western shore of Nangroe Aceh Darussalam, an official says.
Tue, 12 Feb 2008
Legislator concerned about weakening food resilience
Jakarta (ANTARA News) - A legislator has expressed concern about what he said was the country`s weakening food resilience due to the shrinking area of agricultural land and increasing urbanization in Indonesia.
Tue, 12 Feb 2008
Indonesia studies options to cut consumption of subsidized fuel
Jakarta (ANTARA News) - The government is studying options to cut the consumption of subsidized fuel in order to save some 10 trillion rupiah in government spending for fuel subsidy this year, an official said.
Tue, 12 Feb 2008
Balinese businessmen to attend trade expo in Australia
Denpasar, Bali (ANTARA News) - Some 20 businessmen from Bali will join a group of 100 businessmen from several provinces who are slated to hold a promotion tour and take part in a trade fair in Australia next October.
Tue, 12 Feb 2008
Bakrieland plans water business in W. Java
i'll forward your suggestion to The Man himself.
Tue, 12 Feb 2008
Cost recovery program to be revised
The Ministry of Energy and Mineral Resources is to tighten the cost recovery mechanism under which all operators in the oil and gas sector work after a major increase in claims, The Jakarta Post reported on Saturday (9/2/08).
Tue, 12 Feb 2008
Bentoel acquires cigarette maker Bintang Bola Dunia
Cigarette producers PT Bentoel Prima and PT Lestari Putra Wira Sejati have acquired 99.9% of PT Bintang Bola Dunia, a cigarette maker in Malang, East Java owned by Islamic organization Nahdatul Ulama, Asia Pulse reported Wednesday (6/2/08).
Tue, 12 Feb 2008
State firms to establish biodiesel plant in Medan
State-owned plantation firms have jointly set up a consortium for the construction of a biodiesel plant aimed at supporting the government program to develop alternative energy resources, The Jakarta Post reported Tuesday (5/2/08).
Tue, 12 Feb 2008
Telekom Malaysia raises stake in Excelcomindo
State-controlled Telekom Malaysia has agreed to buy 16.8% of PT Excelcomindo Pratama for 1.43 billion ringgit ($442.7 million), raising its stake in the nation's third-largest mobile phone operator to 83.8%, Telekom said on Wednesday (6/2/08) Reuters reported.
Tue, 12 Feb 2008
Bakrieland plans water business in W. Java
Property developer PT Bakrieland Development plans to enter the clean water business, as part of its efforts to diversify revenue sources to include infrastructure projects, Dow Jones reported Tuesday (5/2/08).
Tue, 12 Feb 2008
Landmarks to buy out Bintan landowner
Malaysian property firm Landmarks Bhd is buying out a firm that owns 338 hectares of land on Bintan island for S$156.9 million ($111 million), Landmarks said on Tuesday (5/2/08), Reuters reported. Last month, Landmarks won Indonesian approval to start an integrated tourism zone in Bintan, which is...
Tue, 12 Feb 2008
Downside risk greater: Finance minister
The Indonesian economy is facing a "bigger, greater" downside risk from rising commodities prices, Finance Minister Sri Mulayni Indrawati told Dow Jones Newswires on Saturday (9/2/08).She said a budget revision to be submitted to the House of Representatives is “to maintain thegrowth...
Tue, 12 Feb 2008
Illegal palm oil plantations to be slashed in Riau
The government will slash some 49,000 hectares of illegal palm oil plantations in protected forest areas in Rokan Hulu regency, Riau, allowing forests to reclaim cleared land, an official said Wednesday (6/2/08), The Jakarta Post reported.
Tue, 12 Feb 2008
Electronics exports projected to reach US$8 billion in 2008
Jakarta (ANTARA News) - Indonesia`s consumer electronics exports are pedicted to reach a total value of US$8 billion this year, a senior industry official said."The world economic slowdown will certainly disturb our electronics exports," director of electronics industry affairs at Industry Ministry...
Tue, 12 Feb 2008
Indonesia to maintain non-oil export growth at 14.5 percent
Jakarta (ANTARA News) - Trade Minister Mari Pangestu said the government still maintained its non-oil export growth target which it had set at 14.5 percent this year, despite it had plans to downsize its economic growth target from 6.8 percent.
Mon, 11 Feb 2008
NTB to host Indonesia-Middle East business forum
Mataram (ANTARA News) - West Nusa Tenggara (NTB) province is to host a two-day business forum between Indonesia and Middle East at Senggigi tourist resort in Lombok island on February 18-19.Provincial administration spokesman Abdul Malik said here on Monday that the RI-Mideast business forum would...
Mon, 11 Feb 2008
Gloomy outlook seen for wood-based industries
The Jakarta Post, JakartaA lack of wood supplies continued to plague the country's wood-based industries last year.According to a government-sanctioned agency tasked with rejuvenating the sector, no improvement is expected in the immediate future for the industry, which produces products such as...
Mon, 11 Feb 2008
OPEC could ditch dollars for euros: chief
London (ANTARA News) - OPEC could switch the pricing of oil from dollars into euros within a decade, secretary general Abdullah al-Badri was quoted by AFP as telling a weekly magazine.The Organization of the Petroleum Exporting Countries could adopt the euro to combat the decline of the dollar,...