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Mon, 18 Apr 2011
Australian trade minister visits Indonesia
Jakarta (ANTARA News) - Australian Trade Minister Craig Emerson will this week visit Jakarta for talks with Indonesian counterpart Mari Elka Pangestu.A media release from the Australian Embassy in its official website said Emerson`s visit to Indonesia as Trade Minister would be the first of its...
Fri, 15 Apr 2011
Govt allocates Rp450 billion for airport railway`s land acquisition
by 3400 we'll have stargates on every corner in jakarta.
Thu, 14 Apr 2011
Indonesia holds expo to promote sustainable forest management
JAKARTA, (Xinhua) -- Indonesia on Thursday opened the 3rd Indogreen Forestry Expo 2011 that runs through April 17 in which Forestry Minister Zulkifli Hasan declared this year as the International Year of Forestry, a press statement said here.
Thu, 14 Apr 2011
Govt allocates Rp450 billion for airport railway`s land acquisition
Target completion date: AD 3400
Thu, 14 Apr 2011
Real Madrid to open football schools in Indonesia
JAKARTA, (Xinhua) -- Real Madrid is planning to open football schools in Indonesia in an attempt to scout local talent, a business partner of the Spanish football club said here on Tuesday.Toho Cholik Mutohir, head of Indonesian Education League (LPI), Real Madrid's Indonesian partner, said six...
Thu, 14 Apr 2011
Jakarta ranks 28th among world cities in 2020
From: The Jakarta Post A recent global survey shows that the world's well-off communities have ranked Jakarta as 28th among the world's top-40 major cities in 2020.The same survey, conducted by London-based property consultant Knight Frank, in cooperation with Citi Private Bank, places Jakarta at...
Thu, 14 Apr 2011
The Government to Negotiate with China on Inter-Regional Trade Balance
TEMPO Interactive, Jakarta:Indonesia will ask for China’s commitment to balance inter-regional trade. The government does not want any industry to decline as a result of the China ASEAN Free Trade Agreement (CAFTA).
Thu, 14 Apr 2011
Indonesia urges investors to develop infrastructure
JAKARTA, (Xinhua) -- Indonesian Vice President Boediono has called on foreign and domestic investors to fund the construction of infrastructure in Indonesia, helping to cover 70 percent of the project costs budgeted, local media reported here on Tuesday.
Thu, 14 Apr 2011
S. Korea's Daewoo plans to build power plant in Indonesia
JAKARTA, (Xinhua) -- South Korean firm Daewoo Engineering & Construction plans to build a power plant that worth 2.5 trillion rupiah (about 290 million US dollars) power plant in North Sumatra that will supply 60 megawatts of electricity to state utility provider Perusahaan Listrik Negara...
Thu, 14 Apr 2011
GE invests 1.2 bln USD to expands operation in Indonesia
JAKARTA, (Xinhua) - U.S.-based General Electric (GE) has allocated 1.2 billion U.S. dollars to finance its expansion outside Indonesia's key island of Java by opening a brand new office in East Kalimantan province's capital of Balikpapan, local media reported here on Wednesday.
Thu, 14 Apr 2011
Govt allocates Rp450 billion for airport railway`s land acquisition
Jakarta (ANTARA News) - The government has allocated Rp450 billion for the acquisition of land needed to build the Manggarai-Soekarno Hatta airport railway."The funds are available in the transportation ministry," Coordinating Minister for Economic Affairs Hatta Rajasa, said here...
Thu, 14 Apr 2011
Reform of Regulations ‘Key’ for Infrastructure
As many as 16 infrastructure projects are being offered to foreign investors this week at an international forum, but prospective investors say the government should focus more on fixing the regulatory framework needed to expedite existing projects.
Thu, 14 Apr 2011
Indonesia Must Clearly Outline China FTA Problems: Official
From: The Jakarta GlobeIndonesia needs to better define its problems with the trade imbalance with China that has reportedly left billions of dollars in deficits and harmed local industries, an official from the Trade Ministry said.
Thu, 14 Apr 2011
$2b Tender Set to Open For Tanjung Priok Port
by Faisal Maliki BaskoroIn a bid to improve connectivity, the government is set to open a tender to build a Rp 20 trillion ($2.3 billion) dock terminal at Tanjung Priok port, an official said at a national infrastructure forum.
Tue, 12 Apr 2011
Boediono urges investors to develop infrastructure
Boediono urges investors to develop infrastructureFrom: The Jakarta PostVice president Boediono has invited foreign and domestic investors to fund the construction of infrastructure in Indonesia to help cover 70 percent of the project costs budgeted.
Tue, 12 Apr 2011
Government’s Increase of Beef Quota News to the Importers
Government’s Increase of Beef Quota News to the ImportersFrom: The Jakarta GlobBy Francezka Nangoy Confusion over Indonesia’s beef imports continued despite the Agriculture Ministry raising its import quota last week.
Tue, 12 Apr 2011
Krakatau Steel Appoints Foreign Underwriter
The underwriter is ready for the IPO plan which is scheduled to take place in November.VIVAnews - PT Krakatau Steel revealed that a foreign underwriter is on the list of the projected underwriters aimed at the company's initial public offering.
Tue, 12 Apr 2011
Kadin to Prepare Three Seaweed Manufacturing Plants
TEMPO Interactive, Makassar:Zulkifli Gani Ottoh, the Deputy Chairman of the South Sulawesi Indonesian Chambers of Commerce and Industry (Kadin), said that they will build three seaweed processing plants in South Sulawesi.
Tue, 12 Apr 2011
Hatta: Development of economic corridors to start in June
Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa confirmed here on Monday the development of six special economic corridors would begin in June this year."Everything relating to infrastructure development will be intensified and there has been commitment to carry...
Tue, 12 Apr 2011
Heaven can wait
Jason, originally from Melbourne, who paid $130,000 for prime beachfront land on Lombok, only to find out the vendor was not the owner. Source: The AustralianVISITORS to Indonesia marvel at the stunning natural beauty of Lombok, Bali's island neighbour.
Mon, 11 Apr 2011
Premier Oil fields in Indonesia, Vietnam to begin output soon
SINGAPORE, April 11 (Reuters) - Britain's Premier Oil expects first gas production at its Gajah Baru field in Indonesia in six months after a brief delay, while oil output at Vietnam's Chim Sao field remains on track for July, a senior executive said on Monday.
Mon, 11 Apr 2011
India-Indonesia links deepen
MONTREAL - Indonesian and Indian officials have signed 18 Memoranda of Understanding (MoUs) seeking to drive up industrial cooperation between the two countries, which are seeking to more than double bilateral trade by 2015.
Mon, 11 Apr 2011
Govt allows North Sumatra to continue importing salt
Medan, N. Sumatra (ANTARA News) - The central government still allows North Sumatra province to continue importing salt since supply of Madura salt fails to meet demand in the province."While the central government still allows North Sumatra to import salt, businessmen in the province continue...
Mon, 11 Apr 2011
Govt Exempts Oil, Gas Vessels From Cabotage Law
The government has released new regulations, creating exemptions from Indonesian cabotage law for six activities of foreign-flagged vessels that are serving the country’s oil and gas sector.According to the ruling, a copy of which was obtained by the Jakarta Globe, foreign vessels that perform...
Mon, 11 Apr 2011
Int'l rating body upgrades Indonesia's rank
JAKARTA, April 8 (Xinhua) - International rating agency Standard & Poor's Ratings (S&P) upgraded Indonesia's long term foreign debt and sovereign credit rank from BB to BB+ with positive outlook, detikcom online news reported on Friday.
Fri, 08 Apr 2011
BNI sets rp30 trillion for infrastructure credits
Medan, N Sumatra (ANTARA News) - State-owned Bank BNI has since 2008 prepared itself to support the government`s efforts to advance the national economy by allocating Rp30 trillion for the infrastructure sector, its president director said.
Fri, 08 Apr 2011
Indonesia to launch Indonesian sustainable palm oil standard
Medan, North Sumatra,(ANTARA News) - Indonesia plans to launch an Indonesia Sustainable Palm Oil (ISPO) standard to anticipate demand from importers."It will be launched on Wednesday (March 30) (by agriculture minister Suswono).
Fri, 08 Apr 2011
Sweden, Indonesia Seal Health Care Businesses
They put serious attention on all the ongoing dynamic health care plans in IndonesiaVIVAnews - Sweden's Minister for Health and Social Affairs, Göran Hägglund, and a delegation of Swedish companies today wrapped up three-day visit to Jakarta, securing several key bilateral partnerships as well as...
Fri, 08 Apr 2011
PLN to install solar panels for 340,000 customers
By Rangga D. FadillahState electricity utility PT PLN has targeted to install solar panels for 340,000 new customers in eastern Indonesia this year with a total investment of around Rp 1.2 trillion (US$138.76 million), a senior official reveals.
Fri, 08 Apr 2011
Bali Confronts Its ‘Hellish’ Problems
From: The Jakarta GlobeBy Made Arya Kencana & Camelia Pasandaran Denpasar. While most government officials seem allergic to criticism, Bali Governor Made Mangku Pastika said on Wednesday that he had no problem with Time labeling the island a hellish holiday destination.“We cannot deny it.
Wed, 06 Apr 2011
What Ails Indonesian Manufacturing?
Quoting: VulgarianQuoting: biznewsIndeed, the regional autonomy laws that followed the transition to democracy created a constantly changing regulatory patchwork that even specialists have difficulty keeping up with.
Tue, 05 Apr 2011
What Ails Indonesian Manufacturing?
Quoting: biznewsIndeed, the regional autonomy laws that followed the transition to democracy created a constantly changing regulatory patchwork that even specialists have difficulty keeping up with. I would have given odds here that this article was about to devolve into an Okusi puff piece.
Tue, 05 Apr 2011
Japan`s demand for Indonesia`sidat increases
Jakarta (ANTARA News) - The Japanese demand for young `sidat` (eel, anguilla) fish from Indonesia is increasing after the country was recently hit by an earthquake and its subsequent tsunmai, a ministry official said.
Tue, 05 Apr 2011
KPI urges govt to limit employment of foreign seafarers
Jakarta (ANTARA News) - The Indonesian Seafarers Union (KPI) has urged the government to immediately limit the employment of foreign seafarers in the Indonesian-flagged ships to protect employment.KPI president Hanafi Rustandi in his press statement here on Monday said that it was estimated 70...
Tue, 05 Apr 2011
Special approach needed to move industries to places outside Java
Makassar (ANTARA News) - Trade minister Mari Elka Pangestu said a special approach was needed to move industries to places outside Java island."A regional approach to economic growth centers could be made," she said at a national seminar here on Saturday.
Tue, 05 Apr 2011
Industry Asks for 50 Percent Electricity Discount
TEMPO Interactive, Jakarta:Businessmen have asked for a 40 – 50 percent discount on electricity usage at night. “We need additional investments to move the work capacity from the peak burden to the evening,” Indonesian Textile Association chairman Ade Sudrajat, said yesterday.
Tue, 05 Apr 2011
At Least 24 Big Ships Needed to Resolve Long Lines in Merak Cilegon
TEMPO Interactive, Jakarta:Thousands of trucks wanting to cross the Sunda Strait using roll on-roll-off boats from Merak harbor in Cilegon, Banten, to Bakaheuni Harbor in Lampung, South Sumatra must once again line up 11 kilometer-log.
Tue, 05 Apr 2011
Beef Processors Say Import Cuts Could Shut Them Down
By Francezka Nangoy A number of meat processing companies will be forced to close shop if beef supplies do not improve within the next two weeks, industry officials said.“Half of our members have submitted notice to the association that they will stop production if there is no more imported...
Tue, 05 Apr 2011
What Ails Indonesian Manufacturing?
By Bruce Gale - Straits Times Indonesia For Indonesia, manufacturing was the engine of growth in the 1980s and for much of the 1990s, thanks largely to a series of trade reforms following the end of the oil boom.
Tue, 05 Apr 2011
Bali profits from business of soul-searching
By Angela Dewan (AFP)UBUD, Indonesia - Being a Hindu yogi once meant renouncing worldly pleasures for a life of solitary meditation, wandering the jungle in search of union with god.Today, new-age yogis wander the globe from one retreat to another, stay in luxury hotels and preach to the converted...
Tue, 05 Apr 2011
Indonesia's productivity push
INDONESIA'S coordinating Minister for the Economy Hatta Rajasa is encouraging a total agricultural productivity improvement, with work on both the agribusiness and agro-industry, he said last week.Indonesia is currently facing declining food supplies due to extreme weather.
Tue, 05 Apr 2011
Palm Oil Export Strategy Changed
TEMPO Interactive, Jakarta:The government will change its palm oil industry export strategy, from only exporting raw material to exporting processed products. “In the future, 60-70 percent will be exported in its processed form,” said Coordinating Minister for the Economy, Hatta Rajasa,...
Tue, 05 Apr 2011
Organic fertilizer from aloe exported to Malaysia
Kuala Lumpur (ANTARA News) - Indonesia`s organic fertilizer from aloe in liquid form has reached the Malaysian market, and there are also plans to export it to Thailand, Myanmar and Cambodia after the signing of a sales agreement in Malaysia.
Wed, 30 Mar 2011
RI must boost exploration, says mining association
By Rangga D. FadillahIndonesia needs spend between US$500 million and $1 billion each year to fund exploration activities, to maintain the current level of mineral resource production, the Indonesian Mining Association announced on Tuesday.
Wed, 30 Mar 2011
Australian Investors Interested in Investing in the Indonesian Mining Sector
Australia continues to explore investment in Indonesia. Investors from Australia, intending to invest in the mining sector Indonesia. With a mastery of technology in the fields of mining, the existence of Australian mining companies are expected to support the development of mining in the country...
Wed, 30 Mar 2011
Govt to maximize use of new energy
Jakarta (ANTARA News) - The government will maximize the use of new and renewable energy, especially geothermal, hydro-energy and bio-fuels, before deciding to use nuclear energy.Energy and Mineral Resources Ministry`s Director General for Renewable Energy and Energy Conservation Luluk Sumiarso...
Tue, 29 Mar 2011
Local computer producers demand fair deal
Local computer manufacturers have urged the government to scrap import duties on IT components, as they are competing against imported finished products from countries that have free-trade agreements with Indonesia, particularly China.
Tue, 29 Mar 2011
Australian Firms Ready to Bring Mining Expertise to Indonesia
As part of its commitment to its comprehensive economic partnership with Indonesia, Australia is set to share its expertise in the mining sector during the two-day Ozmine conference, which starts on Tuesday.