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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
Enforcing the Cabotage Law Could Cost Country Billions
I can't stand It, I know you planned itI'ma set it straight, this WatergateI can't stand rockin' when I'm in here'Cause your crystal ball ain't so crystal clearSo, while you sit back and wonder whyI got this fucking thorn in my sideOh my God, it's a mirageI'm tellin' y'all it's cabotage
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...
Fri, 25 Feb 2011
RI, France to step up bilateral trade growth
Jakarta (ANTARA News) - Indonesia and France have agreed to step up the growth of their two-way trade to twice its present rate of 5.0 percent per year considering that there were plenty of opportunities to do so."The value of bilateral trade with France was only 2.
Fri, 25 Feb 2011
10 new hotels in Jakarta this year
and it's gonna be 10 hotels will be built in 2011that's what I read on batavia.co.idhmmm...so that's why now a lot of graves disassembled and become residential
Thu, 24 Feb 2011
10 new hotels in Jakarta this year
what a flea-bag place that is too ... i was offered to buy it a few years ago, around Rp2M if i remember. it would certainly have been worth it as an investment, but the odium of owning such a place was definitely not worth it ...
Thu, 24 Feb 2011
Metrodata, Taiwanese IT Company Finalize Distribution Joint Venture
Metrodata Electronics, an Indonesian information technology company, is looking abroad for help as it tries to expand its portfolio.Through its subsidiary, Metrodata e-Bisnis, the telecommunications and consumer electronics distributor announced a joint venture with Taiwan-based Synnex Technology...
Thu, 24 Feb 2011
Old Gadgets Find New Life on Batam
Batam. At least once a week, Indonesian Tamrin Khairul, 34, makes a trip to Singapore and returns with new purchases such as computers, TV sets and Xbox game consoles.Except that these items are not new - they are used electronic goods he buys from second-hand shops in Serangoon Road.
Thu, 24 Feb 2011
Palm Oil Firms Demand Clarity Over Land Use
Rising commodity prices are driving palm oil producers to find more land to boost output, but doing so in Indonesia may be too difficult, some producers claim.Sime Darby, the world’s largest listed palm oil producer, wants to acquire more land, including in Indonesia, the world’s top producing...
Thu, 24 Feb 2011
Govt thinking of setting up six economic corridors
Makassar, South Sulawesi (ANTARA News) - Indonesia plans to set up six corridors to accelerate development and economic expansion across the country, vice governor of South Sulawesi, Agus Arifin Nu`mang, said here on Wednesday.
Thu, 24 Feb 2011
Buleleng port attracting Indian investor
Denpasar, Bali (ANTARA News) - An Indian investor has been interested in investing in the construction of Bali`s Buleleng international airport, an official said."The investor which is grouped in the Indian construction firm GVK Group, expressed its interest during a meeting with Bali Governor...
Wed, 23 Feb 2011
SBY to inaugurate Treasure Bay development in Bintan Islands
President Susilo Bambang Yudhoyono is scheduled to officially launch the construction of an integrated tourism area known as Treasure Bay in the Lagoi resort area of Bintan Island, Riau Islands, on Saturday.
Wed, 23 Feb 2011
10 new hotels in Jakarta this year
Jakarta can expect to see 10 new hotels opening this year, ranging from one-star to five-star establishments, all of which are currently under construction, the Jakarta Hotels and Restaurants Association says.
Wed, 23 Feb 2011
Govt Yet to Fully Support Biogas Project
VIVAnews - The Indonesian Chamber of Commerce pointed out that matters on energy in household, transportation and industrial sectors must be shortly put into consideration. The agency believes that biogas may become one of the alternatives taking into account its environmentally friendly...
Wed, 23 Feb 2011
Indonesian Govt to Set Up Economic Hub
VIVAnews - New economic hub is underway in Indonesia as the government plans to accelerate and expand the national development. Coordinating Minister for the Economy Hatta Rajasa will address the Working Meeting on the Acceleration and Expansion of National Economic Development about the masterplan...
Wed, 23 Feb 2011
Wilmar says Indonesian downstream investment likely over
SINGAPORE Feb 23 (Reuters) - Singapore-listed palm oil firm Wilmar International said its planned $900 million investment in Indonesia is likely to be disbursed over three years."Every year we invest about $200-300 million in Indonesia, so this investment may be spread out over a number of...
Wed, 23 Feb 2011
Lotte says mulling $5 bln Indonesia petchem investment
SEOUL Feb 23 (Reuters) - South Korea's Lotte Group is considering investing as much as $5 billion to build a petrochemical plant in Indonesia, a Lotte Group official said on Wednesday, confirming an earlier Reuters report.
Wed, 23 Feb 2011
With Improved Infrastructure, Economy can Grow 7.6 Percent
TEMPO Interactive, Jakarta:Indonesian economy could grow up to 7.6 percent from 2011-2014 if the government increases its spending for transportation infrastructure by 20 percent each a year.Another requirement is that private sector participation should be increased to 50 percent.