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Fri, 01 Sep 2006
Government Only Wants to Sell PGN Above Market Price
Government Only Wants to Sell PGN Above Market PriceThursday, 31 August, 2006 | 19:58 WIBTEMPO Interactive, Jakarta: The government has signaled that it will only sell the shares of PT Perusahaan Gas Negara Tbk (PGN), the state gas company, above the current market price.
Thu, 31 Aug 2006
Computer market in Indonesia experiences annual increase by 20-30%
Computer market in Indonesia experiences annual increase by 20-30%Jakarta (ANTARA News) - The computer market in Indonesia continues to increase by about 20 to 30 percent annually in line with the increasing demand for computer in the country, a business executive has said.
Thu, 31 Aug 2006
Regional autonomy 'fueling tribalism'
Regional autonomy 'fueling tribalism'M. Taufiqurrahman, The Jakarta Post, JakartaRegional autonomy, which was championed as a means to improve accountability and public services, is instead bolstering ethnocentrism and tribalism, a survey found.
Wed, 30 Aug 2006
Indonesia Not Yet Japan's Main Investment Destination
Indonesia Not Yet Japan's Main Investment DestinationWednesday, 30 August, 2006 | 15:06 WIBTEMPO Interactive, Jakarta: Indonesia is not yet Japan's main destination as regards investment despite the fact that Japan is the largest investor in Indonesia.
Wed, 30 Aug 2006
Investment permits in Indonesia complicated : British envoy says
Investment permits in Indonesia complicated : British envoy saysMakassar, South Sulawesi (ANTARA News) - British Ambassador to Indonesia Charles Humfrey CMG considered the process of obtaining foreign investment permits in Indonesia was still complicated with long bureaucracy.
Wed, 30 Aug 2006
Pertamina starts to feel pinch of 'free market'
Pertamina starts to feel pinch of 'free market'Benget Simbolon Tnb., The Jakarta Post, JakartaState-owned oil and gas company Pertamina has begun to feel the pinch of increasingly steeper competition in the oil and gas sector following the issuance of a 2001 government regulation that stripped the...
Tue, 29 Aug 2006
Nissan to increase investment in Indonesia
Nissan to increase investment in IndonesiaJakarta (ANTARA News/Asia Pulse) - PT Nissan Motor Indonesia (NMI) said it will expand its car assembling plant in the country with an additional investment of US$50 million.
Tue, 29 Aug 2006
ExxonMobil trying to expedite Cepu Block development
ExxonMobil trying to expedite Cepu Block developmentJakarta (ANTARA News) - The management of ExxonMobil Oil Indonesia (EMOI) is trying hard to expedite development of the Cepu oil/gas block project in East Java to start turning out oil and gas in 2008 in compliance with the government`s request,...
Tue, 29 Aug 2006
Japan`s investments up 110 pct in RI
Japan`s investments up 110 pct in RIJakarta (ANTARA News) - Japan`s investments in Indonesia in the first half of 2006 jumped 110 percent to US$650 million from the same period last year but the figure still fell short of the pre-crisis level.
Tue, 29 Aug 2006
Indonesia Ranked Third on Software Piracy
Indonesia Ranked Third on Software PiracyTuesday, 29 August, 2006 | 16:57 WIBTEMPO Interactive, Jakarta: Indonesia is third with regard to software piracy compared to the previous rank of 5, President Director of Microsoft at Indonesia Tony Chen said during a press conference after meeting with...
Tue, 29 Aug 2006
Australia eyeing construction sector in Indonesia
Australia eyeing construction sector in IndonesiaJakarta (ANTARA News) - Australia is holding a development and construction exhibition, AUSBUILD 2006, in Jakarta, from August 29 to 30, 2006, to penetrate the Indonesian market.
Sun, 27 Aug 2006
Bapepam opposes planned restrictions on foreign investments
Bapepam opposes planned restrictions on foreign investmentsBandung, West Java (ANTARA News) - The Capital Market Supervisory Board (Bapepam) opposes the proposed restriction on the inflow of foreign investments to avoid hedge funds that may cause bigger problems, its chairman A. Fuad said.
Sun, 27 Aug 2006
Former Indonesian investment promotion agency chief given 6 year jail term
Ex-investment chief jailed for graftThe Jakarta Post, JakartaThe Anticorruption Court sentenced former Indonesian Investment Coordinating Board (BKPM) chief Theo F. Toemion to six years' imprisonment and fined him Rp 300 million (US$32,840) on Friday for misappropriating Rp 30.
Sat, 26 Aug 2006
Former Indonesian investment promotion agency chief given 6 year jail term
yep, that's the one. but hitting 14-year-olds was the least of his crimes. as head of the BKPM he systematically ripped off people wanting to invest in indonesia. he even attemped to have me deported by colluding with the the enforcment division in the immigration dept.
Sat, 26 Aug 2006
Former Indonesian investment promotion agency chief given 6 year jail term
isn't he the same "ASSHOLE" that attacked the Expat kid and his folks at JIS??
Sat, 26 Aug 2006
Former Indonesian investment promotion agency chief given 6 year jail term
A real slimy piece of work, that one. I have also noticed that "certain" media tiptoe around all his issues with real kid gloves.
Fri, 25 Aug 2006
Former Indonesian investment promotion agency chief given 6 year jail term
cop it, theo, you greedy thug!oddly, The Jakarta Post have chosen to use a wire service story rather than put one of their own journalists on the job. but then, TJP have never been keen to chase theo, for some unknown reason.
Fri, 25 Aug 2006
Former Indonesian investment promotion agency chief given 6 year jail term
Former Indonesian investment promotion agency chief given 6 year jail term for corruptionJAKARTA (AP): An Indonesian court on Friday convicted the former chairman of the country's investment promotion agency of corruption and sentenced him to six years in jail.
Fri, 25 Aug 2006
Bakrieland to build shopping and office center
jeez, with all these fancy building and real estate developments, not to mention the biodeisel business, i think Mr. Aburizal Bakrie is going to need a newspaper! so that no-one will miss his point.
Fri, 25 Aug 2006
Bakrieland to build shopping and office center
Her's another blurb that will appear next week in MAXX-M magazinethe company has a website, (www.bakrieland.com) but it rarely works and when it does the ENGLISH is disastrous, I hope they pay more attention to detail when installing the foundation or the electric systems in the building...
Fri, 25 Aug 2006
Pertamina to Become an Energy Company
very perceptive miz. ruby-of-the-jungle. pertamina's monopoly is being broken down, so now they're trying to muscle in on someone else's monopoly!interesting move recently also with moody's downgrading their assessment of PGN (State Gas Company), no doubt due to their amazing incompetence and...
Fri, 25 Aug 2006
Indonesia emerges as hive for CDMA2000 networks
Indonesia emerges as hive for CDMA2000 networksAndi Haswidi, The Jakarta Post, JakartaIndonesia has emerged as a new hotbed for CDMA2000 deployments due to the high number of operators, the variety of services offered and the market's positive response, the CDMA Development Group says.
Fri, 25 Aug 2006
RI risks losing out to ASEAN peers in attracting investment
RI risks losing out to ASEAN peers in attracting investmentUrip Hudiono, The Jakarta Post, JakartaWith the integration of Southeast Asia's trade and investment on the horizon, the government must begin improving Indonesia's development policies in line with the region's future economic landscape,...
Fri, 25 Aug 2006
Pertamina to Become an Energy Company
Pertamina to Become an Energy CompanyThursday, 24 August, 2006 | 08:35 WIBTEMPO Interactive, Jakarta: It is planned that the PT Pertamina (Persero) oil and gas company will also become an energy and petrochemicals company.This is aimed at increasing its added-value so as to benefit Pertamina itself.
Fri, 25 Aug 2006
RI needs to improve infrastructure to face ASEAN single market
RI needs to improve infrastructure to face ASEAN single marketJakarta (ANTARA News) - Indonesia has to improve its infrastructure to face the ASEAN single market in 2015 because a good infrastructure condition would affect the flow of goods and attract investment, economic observer of the Civil...
Fri, 25 Aug 2006
Japan, Malaysia to build biodiesel plant in Jambi
Japan, Malaysia to build biodiesel plant in JambiJambi (ANTARA News) - Japanese and Malaysian investors have established cooperation with 27 oil palm factories to build a biodiesel processing plant in Jambi, according to Erwan Malik, head of the Regional Capital Investment Board here on Thursday.
Fri, 25 Aug 2006
Bakrieland to build shopping and office center
Bakrieland to build shopping and office center worth Rp200 billionJakarta (ANTARA News) - PT Bakrieland Development Tbk will build and market an office and shopping center on 60,000 square meters of land in the Rasuna Epicentrum Superblock in South Jakarta worth around Rp200 billion.
Thu, 24 Aug 2006
RI's first SEZ off to a good start
RI's first SEZ off to a good start, more of the same expectedUrip Hudiono, The Jakarta Post, JakartaThe government's newly established special economic zone (SEZ) that embraces Batam, Bintan and Karimun islands appears to be off to a good start, with seven initial investment projects worth US$566.
Thu, 24 Aug 2006
Invest now for better gains, Kalla urges foreign investors
Invest now for better gains, Kalla urges foreign investorsTony Hotland, The Jakarta Post, JakartaVice President Jusuf Kalla said Wednesday that Indonesia was stable and safe enough for foreign investors, urging them to invest now if they wanted to get better gains.
Thu, 24 Aug 2006
Autonomy going too far: SBY
Autonomy going too far: SBYM. Taufiqurrahman, The Jakarta Post, JakartaThe central government believes excesses in the implementation of regional autonomy are scaring away foreign investment.President Susilo Bambang Yudhoyono said Wednesday that local governments had imposed a slew of local taxes...
Thu, 24 Aug 2006
Visit of Indonesian Minister of Trade to Australia
The Visit of Indonesian Minister of Trade to Australia to Increase Trade and InvestmentAustralia still desires to increase trade and investment with Indonesia. That statement was the result of the meeting of the Indonesian Minister of Trade, Dr.
Thu, 24 Aug 2006
Daeju invests U$500 million to build dockyard
Daeju invests U$500 million to build dockyardJakarta (ANTARA News) - Daeju Construction Engineering Co.Ltd will invest around US$500 million to develop a dockyard in Karimun in the Indonesian province of Riau Islands.
Thu, 24 Aug 2006
VP says Sumatra should revive as "gum island"
VP says Sumatra should revive as "gum island"Jambi (ANTARA News) - Known in the past as "gum/rubber island", Sumatra should revive to regain its glorious time, Vice President Jusuf Kalla said here on Wednesday.
Thu, 24 Aug 2006
VEEP invites foreign investors to build infrastructure projects
VEEP invites foreign investors to build infrastructure projectsJakarta (ANTARA News) - Vice President Jusuf Kalla has invited foreign investors to participate in the construction of infrastructure projects in Indonesia, including toll roads and power plants.
Wed, 23 Aug 2006
Indonesia, Malaysia eyeing European bio-fuels market
Indonesia, Malaysia eyeing European bio-fuels marketAndi Haswidi, The Jakarta Post, JakartaIndonesia and Malaysia are set to establish a common production and marketing front in order to tap into the growing European bio-fuels market.
Tue, 22 Aug 2006
Indonesia to compete for FDI to create employment
Indonesia to compete for FDI to create employmentKuala Lumpur (ANTARA News) - Indonesia with its 200 million population will compete for foreign direct investments (FDI) even with other Asean member countries as it views job creation as its top priority.
Mon, 21 Aug 2006
50 species of plants in Indonesia can provide alternative fuel
cool, yes. but will they stuff it up? and what are the consequences for forests (what little is left of them) with this bio-diesel craze demanding huge acreages of mono-culture plantations.
Mon, 21 Aug 2006
50 species of plants in Indonesia can provide alternative fuel
50 species of plants in Indonesia can provide alternative fuelGorontalo, (ANTARA News) - About 50 species of plants in Indonesia can be processed into alternative fuel to cope with an energy crisis in the country, Retno Gumilang, a lecturer at the Bandung Institute of Technology (ITB) said here...
Sun, 20 Aug 2006
Bio-fuel sale in 2007 expected to reach 6.6 mln km
Bio-fuel sale in 2007 expected to reach 6.6 mln kmJakarta (ANTARA News) - State-owned oil/gas company Pertamina has projected the volume of bio-fuel sale in 2007 at 6.6 million kiloliters, Achmad Faizal, marketing director of the company, said here Saturday.
Sat, 19 Aug 2006
Sarinah to build hotels, apartments on key sites
Sarinah to build hotels, apartments on key sitesThe Jakarta Post, JakartaState-owned retailer PT Sarinah Persero plans to expand by developing apartments, hotels and office buildings on its sites in Jakarta, Bandung and Bali.
Sat, 19 Aug 2006
FDI inflows remain disappointing
FDI inflows remain disappointingUrip Hudiono, The Jakarta Post, JakartaForeign investment still appears to be in the doldrums, with the second half of the year starting off to a 24 percent decline in direct foreign investment compared with the same period last year.
Fri, 18 Aug 2006
The wages of corruption
The wages of corruptionBy Chan Akya"In India, corruption is under the table. In China, it is over the table, while in Indonesia corruption includes the table," it has been said. People might quibble about the relative placement of Asia's three largest countries.
Fri, 18 Aug 2006
Economists cautiously welcome budget targets
Economists cautiously welcome budget targetsAndi Haswidi, The Jakarta Post, JakartaWhile maintaining that the government's economic performance in 2006 has been less than satisfactory, a number of well-known Indonesian economists say that the economic targets and programs proposed by the President...
Fri, 18 Aug 2006
Govt upbeat on the economy
Govt upbeat on the economyUrip Hudiono, The Jakarta Post, JakartaThe government clearly believes that 2007 will be the year when the economy finally begins to shine again, with the President unveiling an outline draft budget promising better growth on higher development spending and improving...
Thu, 17 Aug 2006
Indonesia counting on biofuel
Indonesia counting on biofuelBloomberg News, ReutersPublished: August 16, 2006JAKARTA Indonesia is seeking more investment in industries producing energy from palm oil, sugar cane and jatropha to help create five million new jobs and cut government fuel subsidies, President Susilo Bambang Yudhoyono...
Thu, 17 Aug 2006
Comments of the Indonesian Authorities on the Legal and Judicial Reform Program
[This is a copy of "corrections" made by the Indonesian government to an IMF report. Full text of "corrected" 66-page report is available at http://www.imf.org/external/np/pp/eng/2005/011605.pdf ]Comments of the Indonesian Authoritieson the External Evaluation Report on the Legal and Judicial...
Wed, 16 Aug 2006
Foreign Investors Interested in Jakarta
Foreign Investors Interested in JakartaWednesday, 16 August, 2006 | 17:06 WIBTEMPO Interactive, Jakarta: : Investors still regard Jakarta as a city that is attractive in terms of investment.“From the Jakarta International Investment Expo, five investors have already signed Memorandum of...
Wed, 16 Aug 2006
World Bank asks Indonesia to return project loans due to corruption
World Bank asks Indonesia to return project loans due to corruptionJakarta (ANTARA News) - Amidst the government`s serious efforts to combat corruption, the World Bank was reported to have cancelled, the first time in Indonesian history, its plan to provide funds for projects in Indonesia, and even...