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Thu, 10 Mar 2011
Indonesia - Minister of Singapore meet Hatta Rajasa
Minister of Trade and Industry of Singapore, Lim Hng Kiang met Coordinating Minister for the Economy, Hatta Rajasa, at the office of Coordinating Ministry for the Economy in Jakarta, on January 4th, 2011.
Thu, 10 Mar 2011
Rakuten Joins Clamor for Growing Indonesian Market
By Shirley Christie The allure of Indonesia’s burgeoning online market has hooked another big name, with Japan’s largest online retailer set to join the local marketplace in short order.Rakuten, which has a presence throughout East Asia as well as the US and Europe, plans to launch its full...
Thu, 10 Mar 2011
Indonesia Believes It Has Bigger Shoe Orders to Fill
By Shirley Christie Despite being the world’s third-largest exporter of shoes, Indonesia still wants to stamp out a bigger share of the market.“There are many high-quality Indonesian shoes gaining recognition in both the domestic and international markets,” Trade Minister Mari Elka Pangestu...
Thu, 10 Mar 2011
Infrastructure Development Delayed
TEMPO Interactive, Jakarta:Infrastructure development will be delayed this year due to a lack of funds. “Out of US$ 143 billion required, the government can only provide US$ 51 billion until 2014," said Fiscal Policy Board chief Bambang Brodjonegoro yesterday.
Thu, 10 Mar 2011
Taiwan Debt Tops Asia as Rising Oil Prices Punish Indonesia, Philippines
By Lilian Karunungan and David Yong Bonds from Taiwan are beating debt from Asia’s developing nations as surging oil prices punish economies with the fastest inflation.Local-currency debt sold by Taiwan returned 1.4 percent this year, the best performance in the region excluding Japan.
Thu, 10 Mar 2011
Indonesia plans to cut Australian cattle imports
By Matt Brown, JakartaIndonesia is planning to cut imports of Australian cattle by around 200,000 head this year.Indonesia's Vice Minister for Agriculture Bayu Krisnamurti, says his government wants to cut imports of Australian cattle to 500,000 and 50,000 tonnes of boxed chilled beef.
Thu, 10 Mar 2011
The Philippines Invest in RI’s Fishery Sector
TEMPO Interactive, Jakarta:The government has targeted US$50 million in investment for two years from Philippine businessmen in the maritime sector. “We will give them the space and cooperate with them so that the fish are processed here,” said Maritime and Fishery Affairs Minister Fadel...
Wed, 09 Mar 2011
Bali Back to Coffee
Restoring Bali's Coffee Industry Can Bring Economic Advances and Reduce Landslides and Erosion.Kompas reports that the government of Bali is undertaking aggressive steps to revitalize the island's coffee growing industry both as a means of improving the economic welfare of its citizens and also as...
Wed, 09 Mar 2011
The Grapes of Wrath
Poor Market and High Production Costs Causing North Bali Farmers to Abandon Their Grape Vineyards.North Bali's once thriving grape growing industry is now threatened with near extinction. Bali Post reports that many grape farmers are choosing to either abandon their vineyards or to dig up their...
Wed, 09 Mar 2011
Fewer Cruise Ships Headed to Indonesia
Cruise Visits Down as Bali Port at Tanah Ampo Still Not Ready to Receive Large Ships.The number of cruise ship visits to Indonesia in 2011 is put at only 31, a decline from the numbers projected last year due to the cancellation of planned ship visits to Bali and Komodo.
Wed, 09 Mar 2011
Indonesia Coal Areas Have Infrastructure Hurdles, WoodMac Says
Indonesia’s new coal supply areas in South Sumatra and the Wahau field must overcome infrastructure limitations to help meet demand from emerging markets including India, according to Wood Mackenzie Consultants Ltd.
Wed, 09 Mar 2011
Bali ’s import drops by 44 percent
Bali saw a sharp drop of its import in January this year, which was valued at US$7.04 million, down by 44 percent from January last month.The figure also decreased by 77 percent compared to December 2010, Head of the Bali Statistics Central Bureau Gede Suarsa said in Denpasar on Tuesday,...
Wed, 09 Mar 2011
Indonesian Govt May Curb Film Importers
VIVAnews - Ministry of Finance calls down on film importers to pay Rp 30 billion ($3.4 million) of import tax on film royalties and could have to pay up to 10 times the owed amount on March 12, 2011, at the latest.
Wed, 09 Mar 2011
Heavy Equipment Investment Valued at US$1 Billion
TEMPO Interactive, Jakarta:Budi Dharmadi, the Director General of Technology Based-Industry at the Industry Ministry, has targeted an investment of US$ 1 billion in heavy equipment for the next 4-5 years. The investment is expected to bring about 8 to 9 percent of industrial growth per year.
Wed, 09 Mar 2011
Australian Minister to Visit Indonesia
Jakarta (ANTARA News) - Australian Minister for Agriculture, Fisheries and Forestry, Senator Joe Ludwig, will visit Indonesia this week for his first overseas trip to talk on agriculture, trade and food security.
Wed, 09 Mar 2011
SOE Minister to Reject Foreign Investment in the Defense Industry
TEMPO Interactive, Jakarta:The State-owned Enterprises (SOE) Minister Mustafa Abubakar rejects foreign investment in the defense industries, especially those considered strategically important. The industries he meant are weapons and ammunition producer PT Pindad, ship builder PT PAL, explosive...
Tue, 08 Mar 2011
Miners Say Value-Added Law Will Hurt in the Long Run
Government plans to require miners to give added value to their exported commodities could end up costing the country income, a mining association official said on Monday.Priyo Pribadi Sumarno, an executive director at the Indonesian Mining Association, said the domestic market for minerals such as...
Tue, 08 Mar 2011
Aussie Minister: Indonesia Our Top Market
VIVAnews - Indonesia is the largest market for several Australian agricultural and dairy products. In order to extend the bilateral trade, the Australian Minister for Agriculture, Fisheries and Forestry, Senator Joe Ludwig, is visiting Indonesia today.
Tue, 08 Mar 2011
Finance minister to discuss FTZ with businessmen
Tanjungpinang, Riau Islands (ANTARA News) - Finance Minister Agus Martowardojo is scheduled to meet with businessmen and local government officials here on Monday to discuss problems arising from the implementation of Batam, Bintan and Karimun free trade and free port zones.
Tue, 08 Mar 2011
Minister calls for improvement of free trade zone system
"We want to make the areas to become economic zones focusing on industry and exports." Batam, Riau Islands (ANTARA News) - Finance Minister Agus DW Martowardojo has called for the improvement of the system and concept of the country`s Free Trade Zone (FTZ).
Tue, 08 Mar 2011
Emerging Indonesia: lessons for middle-income countries
World Bank Managing Director, Sri Mulyani Indrawati, opened the two-week "Emerging Indonesia" series at the World Bank Headquarter, Washington, DCPresentations from the event * Indonesia: Partnering with a Middle Income Client * Common Disasters and Uncommon Responses * Leveraging World...
Tue, 08 Mar 2011
The Extractive Industries Transparency Initiative (EITI) implementation in Indonesia
The EITI's long term benefits may include increased investment in the oil and gas sector which will lead to greater energy security for Indonesia * The Extractive Industries Transparency Initiative (EITI) is an internationally developed standard that promotes oil, gas and mining revenue...
Tue, 08 Mar 2011
Boom, Bust and Up Again? Evolution, Drivers and Impact of Commodity Prices: Implications for Indonesia
KEY MESSAGES FROM THE REPORT * The main driver of the food price increases from 2002 to 2008 was the increased demand for biofuels and the consequent pressure on grain stocks, large land-use shifts, speculative activity and export bans.
Thu, 03 Mar 2011
Mitsubishi to Invest Up to $20b in Indonesia
Japan’s Mitsubishi Corp. is committed to expanding its business in Indonesia and will back up that commitment with capital, the Investment Coordinating Board chief said on Wednesday.Gita Wirjawan, who heads the board, also known as the BKPM, said Mitsubishi would invest in projects in sectors...
Thu, 03 Mar 2011
Enforcing the Cabotage Law Could Cost Country Billions
An Energy Ministry official urged legislators on Wednesday to rethink the cabotage law as it could hurt oil and gas production in a nation already straining to keep up with demand.Evita Legowo, director of oil and gas at the ministry, warned members of House of Representatives Commission V, which...
Thu, 03 Mar 2011
Indonesia plans new food estate in Aceh: minister
JAKARTA, INDONESIA - Indonesia plans to build this year a new food estate for growing rice and rearing cattle in Aceh province on Sumatra island, chief economics minister Hatta Rajasa said on Wednesday, in a move to bolster food security amid rising commodities prices.
Thu, 03 Mar 2011
RI set to attract more investment in 2011: UBS
Indonesia's relatively stable political situation and improved economic fundamentals will help the nation attract more investment in 2011, Switzerland-based investment bank UBS says.Indonesia was the only nation in the ASEAN-5, a group comprised of Indonesia, Malaysia, the Philippines, Singapore...
Thu, 03 Mar 2011
Will the economic corridor policy live on paper only?
President Susilo Bambang Yudhoyono launched on Feb. 22 a blueprint for the nation’s economic development for the next 14 years. Inside the plan was an ambitious policy to develop economic corridors on the archipelago’s five major islands. The Jakarta Post’s Rendi A.
Thu, 03 Mar 2011
Canada interested in investment in S Sumatra
Palembang, S Sumatra (ANTARA News) - Canadian businessmen have become interested in investing in South Sumatra because of its big potentials and opportunities.Canadian Ambassador to Indonesia Mackenzie Clugson, and an entourage in a meeting with the South Sumatra Chamber of Commerce and Industry...
Tue, 01 Mar 2011
Govt to tighten meat import regulations
The government is planning to tighten regulations on meat imports because of varying demand for different kinds of meat. "There have only been increases in demand on meat of certain kinds," Deputy Agriculture Minister Bayu Krisnamurthi said on the weekend, as quoted by kontan.co.id.
Tue, 01 Mar 2011
Govt wants Riau Islands to be main supplier of vegetables, fruits to Singapore
The government is planning to make Riau Islands the main supplier of vegetables and fruits to Singapore.“Singapore needs thousands of tons of vegetables, fruits and other goods. Why not supply them from this place, which is only 45 minutes away from Singapore?” President Susilo Bambang...
Tue, 01 Mar 2011
Government Announces Incentives To Boost Manufacturers, Help the Poor
The government issued six initiatives on Monday aimed at bolstering the purchasing power of low- income citizens and improving business competitiveness, Finance Minister Agus Martowardojo said.The initiatives, he said, are effective immediately.
Tue, 01 Mar 2011
Indonesia’s Largest Palm Oil Producer Sees Profits Double on Rising Prices
Golden Agri-Resources, the world’s second-largest palm oil producer, said fourth-quarter profits more than doubled as prices for its main product jumped to record highs and its assets gained in value.Net income increased to $1.17 billion for the quarter ending on Dec.
Tue, 01 Mar 2011
Industrial Electricity Rate to be Discounted
TEMPO Interactive, Jakarta:State-run electricity company PT PLN has offered a 20-percent discount to industries if they use electricity outside peak hours between 23.00 – 07.00.The electricity rate for off-peak usage will be Rp550 per kilowatt per hour (kWh) from the previous Rp730 per kWh.
Tue, 01 Mar 2011
France confirms plan to invest in Bandung railway project
Jakarta (ANTARA News) - France has confirmed its intention to invest 175 million US dollars in Bandung`s Metropolitan Railway project that will connect Padalarang and Cicalengka districts, West Java, a minister said.
Tue, 01 Mar 2011
President warns Riau islands against building gambling den
Tanjungpinang, Riau Islands (ANTARA News) - President Susilo Bambang Yudhoyono has warned the Riau Islands provincial government against building a gambling den in the region."Don`t ever think of building, don`t ever have any intention and don`t ever have any plan to build such a place,"...
Tue, 01 Mar 2011
Only 5 pct of RI graduates want to be entrepreneurs
Jakarta (ANTARA News) - Manpower and Transmigration Minister Muhaimin Iskandar said only around 5 percent of the country`s university graduates want to be entrepreneurs."The results of a survey conducted by our office show only 5 percent of university graduates want to be entrepreneurs and 95...
Tue, 01 Mar 2011
Fadel: RI produces around 3 million tons of seaweed
Palu, Central Sulawesi (ANTARA News) - Indonesia`s seaweed production is still around 3.082 million tons while world demand reaches 10 million tons a year, Marine Resources and Fisheries Minister Fadel Muhammad said."We have been overwhelmed by seaweed demand from many places.
Tue, 01 Mar 2011
Ministry targets U$80 billion investment in manufacturing sector
Anyer, Banten (ANTARA News) - The Ministry of Industry has set itself a target of U$80 billion foreign and domestic investment in the manufacturing sector for the coming the five years, a ministry official said.
Tue, 01 Mar 2011
President: Riau islands to become new economic center
Tanjungpinang, Riau Islands (ANTARA News) - President Susilo Bambang Yudhoyono believed that Riau Islands province will some day become a new economic center competing with Singapore."This place of ours is a satellite of Singapore, and will become a new economic center," the President...
Tue, 01 Mar 2011
Sinar Mas Group to build two CPO plants
Semitau, W Kalimantan (ANTARA News) - PT Sinar Mas Group plans to build two crude palm oil processing plants in West Kalimantan with a combined capacity of 50 tons per hour.The construction of the two plants scheduled for completion in October 2011 was aimed at anticipating the maiden harvest of...
Tue, 01 Mar 2011
Peabody energy enters into coal sourcing agreement accessing Indonesian coal for export
St. Louis (ANTARA/PRNewswire-AsiaNet) - Peabody Energy today said it has entered into an agreement with Indonesia`s PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asian export through Peabody COALTRADE`s international trading hub in Singapore.
Fri, 25 Feb 2011
Epson opens new factory in Cikarang
PT Indonesia Epson Industry, a subsidiary of Japan-based Seiko Epson Group (SEG), launched its new plant at EJIP industrial estate in Cikarang, Bekasi, West Java, on Friday.SEG director Hagata Tadoaki said that the company wanted to boost its production capacity to more than double by 2012 by...
Fri, 25 Feb 2011
Coal, Metal Export Permits Added to Deal With Backlog
Indonesia, the world’s top supplier of thermal coal, has issued more trading permits that will allow traders to export coal and metals stuck at ports since January, an energy ministry official said.The Energy and Mineral Resources Ministry has awarded a total of 101 trading licenses, an increase...
Fri, 25 Feb 2011
Inflation Shouldn’t Curb Office Demand in Business District
Analysts and industry players expect demand for office space in Jakarta’s central business district to continue growing this year as landlords take rising inflation and other costs into account.Real estate consultancy Cushman & Wakefield said in a report on Wednesday that many landlords...
Fri, 25 Feb 2011
President Urges Jakarta Governor to Act Fast on Infrastructure
TEMPO Interaktif, Bogor:President Susilo Bambang Yudhoyono called on the Jakarta City administrators to solve its problems before 2020. “A significant improvement must be realized before 2014. It does not mean that governor Fauzi Bowo must wait until 2020.
Fri, 25 Feb 2011
Paliudju Governor Gives Ultimatum to PT Inco
TEMPO Interactive, PALU:Central Sulawesi Governor H.B. Paliudju has given an ultimatum to PT International Nickel Corporation (Inco) to conduct mining activities in Morowali regency, especially in the Bahodopi and Kolonodale blocks.
Fri, 25 Feb 2011
Govt to focus on seaweed cultivation in 33 districts
Jakarta (ANTARA News) - The government will focus on seaweed cultivation in 33 districts classified as disadvantaged regions in seven provinces."The focus on seaweed cultivation will be made by five ministries and Investment Coordinating Board (BKPM) to speed up economic development in...
Fri, 25 Feb 2011
Japan shows interest in Indonesia`s infrastructure market
Jakarta (ANTARA News) - Japan trough its external trade wing has shown interest in Indonesia`s transportation infrastructure market which is valued at 120 billion US dollars until 2014."In the transportation field, we project that Indonesia will need a fund of about 120 billion US dollars for...
Fri, 25 Feb 2011
Govt assures French businessmen on legal certainty
Jakarta (ANTARA News) - Vice President Boediono has assured visiting French businessmen that the government would give them legal certainty if they are serious to expand their business in the country."He has directly conveyed it to the French businessmen and we will safeguard them, give them...