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Fri, 15 Sep 2006
IDR500 Trillion Infrastructure Operations Offered In Nov
Indonesia VP: IDR500 Trillion Infrastructure Operations Offered In Nov JAKARTA -(Dow Jones)- The Indonesian government will offer domestic and foreign investors infrastructure investment projects valued at IDR500 trillion at a conference in November, Vice President Jusuf Kalla said Friday.
Thu, 14 Sep 2006
Anti Corruption Commission Requires Centralized Bank Customer Database
Anti Corruption Commission Requires Centralized Bank Customer DatabaseThursday, 14 September, 2006 | 16:39 WIBTEMPO Interactive, Batam: The Corruption Eradication Commission (KPK) has urged Bank Indonesia (BI) to create a centralized bank customer database in order to facilitate investigations into...
Thu, 14 Sep 2006
Spatial Planning Not Harmonious for Investment
Spatial Planning Not Harmonious for InvestmentThursday, 14 September, 2006 | 17:29 WIBTEMPO Interactive, Jakarta: Lukman Purnomosidhi, Chairman of the Indonesian Real Estate association, has said that spatial planning in Indonesia does not provide investment security, especially as far as property...
Thu, 14 Sep 2006
Customs & Excise Stop Levies on Coal Exports
Customs & Excise Stop Levies on Coal ExportsThursday, 14 September, 2006 | 17:31 WIBTEMPO Interactive, Jakarta: The government has stopped imposing levies on coal exports as of 13 September 2006.This policy was stipulated in a circular letter from Anwar Suprijadi, the Director General of...
Thu, 14 Sep 2006
Manila bank using Indonesian information technology
Manila bank using Indonesian information technologyJakarta (ANTARA News) - Manila National Bank has begun to make use of Indonesia`s information technology by implementing core banking, support, banking delivery systems and middle ware solutions provided by PT Sigma Cipta Caraka (SCC) company, an...
Thu, 14 Sep 2006
Industrial estates lobby for one-stop investment centers
Industrial estates lobby for one-stop investment centersUrip Hudiono, The Jakarta Post, JakartaIf there is one thing investors like, it is being able to get their investments up and running without too much hassle.
Thu, 14 Sep 2006
Govt promises not to increase electricity price till 2009
Govt promises not to increase electricity price till 2009Jakarta (ANTARA News) - The government promised not to increase the price of electricity until 2009, an official said.J Purwono, director general of electricity and energy utilization at the Ministry of Energy and Mineral Resources, said in a...
Thu, 14 Sep 2006
Exclusive Rights Violate Anti-Monopoly Law
Exclusive Rights Violate Anti-Monopoly LawWednesday, 13 September, 2006 | 17:14 WIBTEMPO Interactive, Jakarta: The Commission for Supervising Business Competition has asked that the House of Representatives (DPR) not approve exclusive rights requested by PT Pos Indonesia.
Thu, 14 Sep 2006
Manufacturers Obliged to Relocate to Special Regions
Manufacturers Obliged to Relocate to Special RegionsWednesday, 13 September, 2006 | 14:52 WIBTEMPO Interactive, Jakarta: The government will oblige manufacturers to move into special regions and this policy will be attached to a governmental regulation that will soon be legalized.
Thu, 14 Sep 2006
Indonesia drops plan to reform labour laws
the indonesian govt shot away their feet years ago. they're shooting themselves in the kneecaps these days.
Wed, 13 Sep 2006
Business suffer from uncompetitive workforce
I spoke to 3 people today, who said essentially the same thing about their own country's woeful education system; an Antara editor, a taxi driver and middle-ranking Indonesian diplomat. And at no time was the subject of education being discussed.
Wed, 13 Sep 2006
Indonesia drops plan to reform labour laws
Massive difference is that in France and America they have a thousand other things that attract investors, Indonesia's main attraction is/should be/once was low overhead costs, including labor costs.The Indonesian govt motto: How can we shoot ourselves in the foot today?
Wed, 13 Sep 2006
Indonesia drops plan to reform labour laws
Indonesia drops plan to reform labour laws: reportPosted: 13 September 2006 JAKARTA : Indonesia has dropped a bid to reform employment laws as a result of opposition from trade unions, a move likely to disappoint foreign investors, a report said Wednesday.
Wed, 13 Sep 2006
Business suffer from uncompetitive workforce
Business suffer from uncompetitive workforceAndi Haswidi, The Jakarta Post, JakartaImproving the national education system is the key to making workers more efficient and productive, Indonesia's Chamber of Commerce (Kadin) says.
Wed, 13 Sep 2006
RI told to improve legal certainty
RI told to improve legal certaintyMore work needs to be done to improve the country's investment climate, German finance company DEG director Michael Bornmann says."If we look at the figures of some economic indicators, we have good projects and good opportunities here," Bornmann said (photo left)...
Mon, 11 Sep 2006
Government will inject more than Rp 2 trillion into ailing state firms
An old expression comes to mind: something about throwing good money after bad...
Mon, 11 Sep 2006
Government Tightens Foreign Airline Investment
Government Tightens Foreign Airline InvestmentMonday, 11 September, 2006 | 12:58 WIBTEMPO Interactive, Jakarta: The government will tighten the procedures for foreign airline companies that will invest in national airlines starting this September.
Mon, 11 Sep 2006
Regulations the biggest barrier to new investment
Regulations the biggest barrier to new investmentVincent Lingga, The Jakarta Post, JakartaIndonesia may find some consolation in the praise of the World Bank and its private-sector arm, the International Finance Corporation, over the improvements made in its business climate but this commendation...
Sat, 09 Sep 2006
Company offers malls help to compete
Company offers malls help to competeThe Jakarta Post, JakartaJakarta has seen an explosion of shopping malls in recent months amid signs of an improvement in the country's economy.Developers and owners are counting on being able to draw in more shoppers and boost sales.
Sat, 09 Sep 2006
Government will inject more than Rp 2 trillion into ailing state firms
Government will inject more than Rp 2 trillion into ailing state firmsThe Jakarta Post, JakartaThe government plans to provide Rp 2.19 trillion (US$241 million) from this year's state budget for several troubled state-owned enterprises (SOEs), but officials insist they are not handing out blank...
Sat, 09 Sep 2006
Economists Question Government's Macroeconomics’ Assumption
Economists Question Government's Macroeconomics’ AssumptionFriday, 08 September, 2006 | 16:40 WIBTEMPO Interactive, Jakarta: Economists are questioning an assumption concerning macroeconomics in the Revised State Budget (RAPBN) of 2007.
Sat, 09 Sep 2006
'Bureaucracy, parties striving for recentralization'
'Bureaucracy, parties striving for recentralization'A survey by the Civil Society Alliance for Democracy (Yappika) discovered that the implementation of regional autonomy between 2001 and 2005 gave rise to ethnocentrism and tribalism.
Sat, 09 Sep 2006
Indonesia's CPO exports until last May 4.5 million tons
Indonesia's CPO exports until last May 4.5 million tonsMedan, North Sumatra (ANTARA News) - Indonesia`s crude palm oil (CPO) exports up to May this year reached 4.5 million tons, less than half of the target for this year set at 11.
Sat, 09 Sep 2006
M`sia promotes SME`s products to Indonesia
M`sia promotes SME`s products to IndonesiaJakarta (ANTARA News) - Malaysia promotes its products mostly processed food in the "Taste of Malaysia exhibition" held from September 8 through 21 at 16 Giant hypermarket outlets here.
Sat, 09 Sep 2006
Indonesia to use IMF/World Bank meetings to woo international investors
Indonesia to use IMF/World Bank meetings to woo international investorsBy Channel NewsAsia's Indonesia Bureau Chief Sujadi Siswo | Posted: 08 September 2006 2334 hrs JAKARTA : Indonesia plans to use the high profile IMF/World Bank meetings in Singapore next week to woo international investors.
Sat, 09 Sep 2006
Jakarta malls 'the perfect hangout'
Jakarta malls 'the perfect hangout'Anissa S. Febrina, The Jakarta Post, JakartaWhat is it that people actually do when they head out for a day in the city's teeming malls?If your immediate assumption is shell out some hard cash for a new all-that handbag or the latest gadget, then it may be time to...
Sat, 09 Sep 2006
When antigraft officers get involved in extortion
When antigraft officers get involved in extortionDwi Atmanta, The Jakarta Post, JakartaPolice officer Suparman and comic action hero Superman had one responsibility in common: to uphold justice.An abuse of power, however, has turned Suparman into an infamous villain.
Fri, 08 Sep 2006
Consumers feeling more confident
Consumers feeling more confidentThe Jakarta Post, JakartaAfter having their purchasing power curtailed by last year's fuel price hike, consumers in the country now appear to see brighter prospects for the future.
Fri, 08 Sep 2006
Bumi turning off investors, say analysts
Bumi turning off investors, say analystsThe Jakarta Post, JakartaThe Bakrie family-controlled PT Bumi Resources' much-hyped deals that then flop are costing investors and may have tarnished the image of Indonesia's stock market, market regulators and analysts say.
Fri, 08 Sep 2006
Business Climate Needs Improvement
Business Climate Needs ImprovementFriday, 08 September, 2006 | 16:26 WIBTEMPO Interactive, Jakarta: Muhammad Luthfi, Head of Capital Investment Coordinating Board (BKPM), acknowledged the lessening of Indonesia’s business climate rank has not yet able to match other countries’ performance such...
Fri, 08 Sep 2006
Indonesia Dominates Singapore’s Apartments
Indonesia Dominates Singapore’s ApartmentsFriday, 08 September, 2006 | 16:37 WIBTEMPO Interactive, Jakarta: Indonesia dominates the purchase of apartments in Singapore. Based on the result of Center for the Study of Indonesian Property (PSPI), purchases by Indonesians reach 40 percent of the...
Fri, 08 Sep 2006
Chief minister: investment ranking not a goal
Chief minister: investment ranking not a goalJakarta (ANTARA News) - Coordinating Minister for the Economy Boediono said here on Thursday that the government would not pay too much attention to a ranking set by a certain institution that caused the country to remain as a not interesting place to do...
Fri, 08 Sep 2006
RI ranks low on WB investor-friendly list
RI ranks low on WB investor-friendly listUrip Hudiono, The Jakarta Post, JakartaWith its reform drive lagging behind expectations, Indonesia remains one of the most difficult places in the world to do business, and it may be getting worse, the latest report from the World Bank shows.
Thu, 07 Sep 2006
Indonesia govt to reduce Internet tariff
Indonesia govt to develop telecommunication network to reduce Internet tariffJakarta (ANTARA News) - The government will hold a national and international fiber optic and wireless network construction bid in an effort to speed up development of an Internet Protocol-based telecommunication network,...
Thu, 07 Sep 2006
ADB Estimates Indonesian 5.4 Percent Economic Growth in 2006
ADB Estimates Indonesian 5.4 Percent Economic Growth in 2006Wednesday, 06 September, 2006 | 18:11 WIBTEMPO Interactive, Jakarta: The Asian Development Bank (ADB) has estimated that Indonesia’s economic growth in 2006 will be around 5.4 percent.This is lower than the government's projection of 5.
Wed, 06 Sep 2006
Energi Persada to sell Lapindo Brantas to Bakrie Group
I bought 200,000 more shares in PT Bakrie and Bros (BNBR) today at the low, low discount price of Rp150 perWhen there's blood (er mud) on the streets, it's time to BUY!
Wed, 06 Sep 2006
Energi Persada to sell Lapindo Brantas to Bakrie Group
yep, something smells, and it ain't mud.seeing as PT. Energi Mega Persada is already effectively controlled by Bakrie, why are they now selling it to another subsidary company? do they think we are stupid?
Wed, 06 Sep 2006
Energi Persada to sell Lapindo Brantas to Bakrie Group
Check out all the companies involved here. They are all, with the possible exception of Pan Asia Enterprises Ltd (who have hidden themselves very well in this regard) & XFN Asia all Bakrie affiliates.
Wed, 06 Sep 2006
Energi Persada to sell Lapindo Brantas to Bakrie Group
Energi Persada to sell Lapindo Brantas to Bakrie GroupJakarta (ANTARA News) - Oil and gas firm PT Energi Mega Persada intends to sell unit Lapindo Brantas Inc to a company wholly owned by Bakrie Group for a price that has yet to be determined, Energi Mega said.
Wed, 06 Sep 2006
Sumitomo to invest in Indonesian refinery after Sinopec pulls out
Sumitomo to invest in Indonesian refinery after Sinopec pulls outJakarta (ANTARA News) - PT Elnusa Holding said Japan's Sumitomo Corp has agreed to take a 20 pct share in the estimated 3 bln usd cost of an oil refinery project in Indonesia following the withdrawal of China Petroleum & Chemical...
Wed, 06 Sep 2006
Exxon Must Launch Operations Or Face Loss Of Contract
Indonesia:Exxon Must Launch Operations Or Face Loss Of Contract09-05-06 12:01 AM ESTJAKARTA -(Dow Jones)- U.S. oil giant Exxon Mobil Corp. (XOM) must begin development of the Natuna D-Alpha gas block in Indonesia's East Natuna Sea by Jan.
Tue, 05 Sep 2006
Investment Obstructions Eliminated at Special Economic Zones
Investment Obstructions Eliminated at Special Economic ZonesTuesday, 05 September, 2006 | 16:49 WIBTEMPO Interactive, Jakarta: The Indonesian and Singaporean governments agreed to eliminate investment obstructions at Special Economic Zones (SEZs) of Batam, Bintan and Karimun.
Tue, 05 Sep 2006
Indonesia's shafted coal deal
Indonesia's shafted coal dealBy Bill GuerinJAKARTA - The US$3.2 billion blockbuster coal-industry deal involving Indonesia's biggest business family, its most prominent investment bank and big international lenders lies in tatters - and with it the prospects of the country's struggling energy...
Mon, 04 Sep 2006
Indonesia aims to double GDP in next 10 years, says Yudhoyono
Indonesia aims to double GDP in next 10 years, says YudhoyonoSingapore (ANTARA News) - Indonesia aims to double its GDP in the next 10 years as it attempts to attract more foreign investment, president Susilo Bambang Yudhoyono said.
Sun, 03 Sep 2006
Inflation falls to 14.9%, exports up 16.4%
Inflation falls to 14.9%, exports up 16.4%Urip Hudiono, The Jakarta Post, JakartaIndonesia's economic engine may not have revved up to full gear yet, but its gauges of inflation and exports are clocking better speeds, indicating chances of higher growth ahead.
Fri, 01 Sep 2006
Only Small-Sized Biofuel Enterprises to be Granted Incentives
Only Small-Sized Biofuel Enterprises to be Granted IncentivesFriday, 01 September, 2006 | 13:48 WIBTEMPO Interactive, Jakarta: The government will only grant incentives to small-sized enterprises that develop vegetable-based fuel or biofuel.“We won't give incentives to large-sized enterprises.
Fri, 01 Sep 2006
Government to auction 400 property assets
Government to auction 400 property assetsThe Jakarta Post, JakartaAsset Management Company (PPA), a state agency set up to manage assets formerly handled by the Indonesian Bank Restructuring Agency (IBRA), is putting 400 of its property holdings up on offer in an open auction, to help finance this...
Fri, 01 Sep 2006
Multi Sindo Utama to Build Paint Factory in Indonesia
Multi Sindo Utama to Build Paint Factory in IndonesiaThursday, 31 August, 2006 | 19:59 WIBTEMPO Interactive, Jakarta: PT Multi Sindo Utama, the sole distributor of Insultec paint from Australia, is planning to build production facilities in Indonesia in order to enhance its market share here.
Fri, 01 Sep 2006
Government to Accelerate Kerosene Conversion Program
Government to Accelerate Kerosene Conversion ProgramThursday, 31 August, 2006 | 19:48 WIBTEMPO Interactive, Jakarta: The government is to accelerate the kerosene conversion to liquefied natural gas (LPG) program from six to four years.
Fri, 01 Sep 2006
Four Harbors Proposed as International Ports
Four Harbors Proposed as International PortsThursday, 31 August, 2006 | 19:56 WIBTEMPO Interactive, Jakarta: The Indonesian Maritime Council has proposed that four local harbors are turned into international hub ports.