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Wed, 09 Jun 2010
Ornamental Fish to Become Banyuwangi’s Premium Export Commodity
TEMPO Interactive, Banyuwangi:Banyuwangi’s export commodities still rely on fish and sea products.The biggest export commodity is ornamental fish, prawn and conserved fish, sardines.Last year, ornamental fish exports were ranked in first place with a value of Rp2.8 billion.
Wed, 09 Jun 2010
Indonesia hopes for increasing Singaporean investment
Indonesia hopes that Singaporean investment could increase about 10 percent in the future following better knowledge of practice and procedure about arbitration in the country, an official told Xinhua in a recent interview.
Tue, 08 Jun 2010
SBY Decree to Relax Investment Limits
President Susilo Bambang Yudhoyono will sign a decree this week easing restrictions on foreign investment in 40 sectors of the domestic economy, Investment Coordinating Board Chairman Gita Wirjawan announced on Monday.
Mon, 07 Jun 2010
Kadin eyeing US$5 billion in Singaporean investment
Jakarta (ANTARA News) - The Indonesian Chamber of Commerce and Industry (KADIN) intends to attract five billion US dollar in investment from Singapore this year."We have targeted the Singaporean investments will grow 10-15 percent from 4.340,96 billion last year," Iwan D.
Mon, 07 Jun 2010
West Java Traditional Vendors Complain over Expanding Chain
TEMPO Interactive, Jakarta: Small and traditional vendors in West Java have challenged huge chain retailers in Bandung by pressing the regional government to regulate the operation of modern retailers to protect small businesses.
Mon, 07 Jun 2010
Property in Bali: It's Déjà Vu All Over Again
Property Developers Suffer a Setback in Efforts to Allow Foreigners to Own Land in Bali and the Rest of Indonesia.Both the New York Times and Jakarta Globe have stories announcing that the hopes of real estate developers for a significant liberalization of rules for foreign property ownership in...
Mon, 07 Jun 2010
Indonesia to Ease Investment Limits This Week, Wirjawan Says
June 7 (Bloomberg) -- Indonesia President Susilo Bambang Yudhoyono will this week sign a decree easing restrictions on foreign investment, said Gita Wirjawan, chairman of the country’s investment coordinating board.
Mon, 07 Jun 2010
Indonesia Export Growth May Beat Goal, Pangestu Says
June 7 (Bloomberg) -- Indonesia is “optimistic” the country can achieve or exceed export growth of 7 percent to 8.5 percent this year, even as Europe’s debt crisis threatens demand for the region’s goods, Trade Minister Mari Pangestu said today.
Mon, 07 Jun 2010
Lawmakers Support Revision for Inco South Sulawesi Mining Contract
TEMPO Interactive, Jakarta: Regional representatives (senate) supported the regional administration of South Sulawesi to evaluate mining contract of Brazilian Vale-Inco unit in the province in a meeting between the representatives and regional administration in the provincial seat of Makassar...
Mon, 07 Jun 2010
Indonesia overtakes RP in seaweed farming
Indonesia has overtaken the Philippines in seaweed production."We are not just threatened by Indonesia they have already overtaken us," according to Dr. Danilo B. Largo, director, Office of Research of University of San Carlos in Cebu City .
Mon, 07 Jun 2010
Is “Remarkable Indonesia” the New “Incredible India” for Investors?
I’ve written several posts about the innovation, entrepreneurship and promising Web audience I’ve found over several weeks of reporting in Indonesia. As such, friends in the venture capital business are peppering my inbox asking round-about-questions that all go back to the same central query:...
Sun, 06 Jun 2010
RI drops 6 spots in WEF's 2010 Enabling Trade Index
Indonesia's rank in the latest Enabling Trade Index (ETI) published by the World Economic Forum dropped six notches to 68th place from last year due to security issues and inability to improve supporting infrastructure.
Sat, 05 Jun 2010
Wealth of resources, young population make Indonesia a strong bet
Europe's debt woes have had a limited impact on the domestic economy, the central bank said, as it kept benchmark interest rates unchanged at 6.5% for a tenth monthJakarta: Indonesia has a "good" outlook due to its resources and large population, putting the nation in a favourable...
Sat, 05 Jun 2010
Minister asks Australia to tighten cow export supervision
Jakarta (ANTARA News) - Agriculture Minister Suswono said he had asked the Australian government to tighten its supervision over cow exports to Indonesia to avoid transactions in violation of Indonesian import regulations.
Sat, 05 Jun 2010
Indonesia property market: Opportunity in global crisis?
Since the beginning of the year, interest from foreign investors to Indonesia has been seen strengthening. Rising optimism and growing investor confidence helped support the tremendous growth in the domestic stock market over the past several months, leading the Indonesian Stock Exchange (ISX) to...
Fri, 04 Jun 2010
To Agents' Disappointment, Indonesia Keeps Ban on Foreigners Buying Property
Quoting: biznews “It’s also not clear what happens if the foreign owner dies - inheritance is not clear in these circumstances.”I'm sure its pretty clear in reality. "Clear out your filthy bule rubbish and sling yer hook.
Fri, 04 Jun 2010
To Agents' Disappointment, Indonesia Keeps Ban on Foreigners Buying Property
Didn't even see it coming....
Fri, 04 Jun 2010
To Agents' Disappointment, Indonesia Keeps Ban on Foreigners Buying Property
yep, right outta left field, that was.
Fri, 04 Jun 2010
To Agents' Disappointment, Indonesia Keeps Ban on Foreigners Buying Property
My goodness, wot a shokka...
Fri, 04 Jun 2010
Singapore's East Ventures Acquires Urbanesia
VIVAnews - Singapore-based East Ventures acquired some shares of Urbanesia.com, a lifestyle city directory based in web 2.0.Despite the acquisition, two founders of Urbanesia.com, Selina Limman and Natali Ardianto, will still play a role in the company's operations.
Fri, 04 Jun 2010
Tax Office to Monitor Some Industrial Sectors
VIVAnews - The Directorate General of Taxes will be seriously paying attention to oil palm companies, gold, sand and lead mining firms.The company's reports in the sector will be audited by the Directorate General of Taxes due to negative tax collection from the sectors.
Fri, 04 Jun 2010
HSBC Targets Small Corporations With New Service
TEMPO Interactive, Jakarta: HSBC operation in Indonesia cooperating with US payment technology firm Visa launched a new product on Thursday (3/6) targeting corporate customers especially small and medium scale businesses, claimed to be the first kind of service in Indonesia.
Fri, 04 Jun 2010
To Agents' Disappointment, Indonesia Keeps Ban on Foreigners Buying Property
JAKARTA - Hopes for a change in Indonesia’s restrictive rules on foreign ownership of property were dashed when a major conference of real estate agents on Bali ended last week without an expected government announcement.
Fri, 04 Jun 2010
Global Giants Stand On Sidelines Amid Boom in Indonesian Coal Production
Indonesia is the world’s largest exporter of power-station coal during a global energy and commodities boom, but none of the world’s major global mining companies operate in the country, largely as a legacy of nationalistic resources policies. Will this change? Maybe, maybe not.
Thu, 03 Jun 2010
Bali is Bursting at the Seams
Quoting: biznewsKirmanto also promised that the Serangan bridge project and Simpang Siur overpass would be seriously examined by his office. ♬ We're in the money ♫
Thu, 03 Jun 2010
Bali is Bursting at the Seams
Bali's Governor: Island's Infrastructure Under Intense Strain.Bali is drowning in its own popularity. Traffic jams, virtually unheard of 10 years ago, are an increasingly common facet of daily life on the island.
Thu, 03 Jun 2010
Cruise Ship Abandons East Bali Anchorages
Authorities Failure to Address Complaint of Insufficient Draft for Ships' Tender Operations in Karangasem Cause Cruise Ship to Shift Bali Operations to Benoa Harbor Anchorage.Karangasem regency is expected to suffer a loss of Rp.
Thu, 03 Jun 2010
Bali New Zoning Laws in a Sate of Confusion
Bali's Regencies Resist Governor's Efforts to Bring Order and Regulation to the Island's Zoning Practice.Although Bali has approved a new and comprehensive Provincial Zoning Plan (RTRWP), violations of the new rules are rife due to resistance by island officials to relinquish their personal power...
Thu, 03 Jun 2010
Two Foreign Nationals Facing Prison for Involvement in Bali Property Fraud
(6/1/2010) Christopher James Forbes and Angus Knowles Jackson, accused on involvement in a US$195,000 fraudulent property deal are facing the possibility of 2.5 years in prison if prosecutors sentencing demands are met by the Denpasar Court.
Thu, 03 Jun 2010
Microsoft: Indonesia Is Better Than China
Chinese intellectual piracy is driving out foreign business.Last week Steve Ballmer said his company saw less potential in China than either in Indonesia or India. Why? The piracy of software. "There are two things that make a country interesting," said the Microsoft chief executive.
Thu, 03 Jun 2010
VP launches "oil palm for people"
Yogyakarta (ANTARA News) - Vice President Boediono here on Wednesday launched an Oil Palm for the People Program designed to improve the oil palm industry`s structure from upstream to downstream.The vice president made the declaration by granting palm oil prime seedlings to representatives of...
Thu, 03 Jun 2010
Indonesia in Top 3 of Asia’s Most Inefficient Bureaucracies
Singapore. Indonesia, India and the Philippines have Asia’s most inefficient bureaucracies, with red tape a blight to citizens and a deterrent to foreign investment, a new survey has said.Regional financial centers Singapore and Hong Kong had the most efficient bureaucracies, according to a...
Wed, 02 Jun 2010
Concerns as Trade Deficit With China Surges in April
Indonesia’s non-oil and gas trade deficit with China grew by fivefold in April, while the country’s overall trade surplus fell sharply, prompting more concerns from local business groups that the country was being flooded with cheap Chinese imports following the implementation of the...
Wed, 02 Jun 2010
Indonesia coal sector frets over new law, climate
NUSA DUA, Indonesia, June 1 (Reuters) - Indonesia's new forestry law, a changing climate and rising mining costs are the challenges coal producers face in their efforts to boost production, a conference heard on Tuesday.
Wed, 02 Jun 2010
Sweden to open trade office in Jakarta
Jakarta (ANTARA News) - The Swedish government has decided to open a trade representative office in Jakarta to expand cooperation between the two countries."Swedish Trade Office will be opened on August 1, as an indication of Swedish increasing interest in Indonesia," Swedish ambassador...
Wed, 02 Jun 2010
Indonesia`s industrial product exports up 36 pct
Jakarta (ANTARA News) - Indonesia`s industrial product exports in the first four months of 2010 jumped 36.66 percent to US$28.68 billion from the same period last year, the Central Bureau of Statistics (BPS) said.The figure accounted for 60.
Mon, 31 May 2010
Indonesia: Confident economy
While many European countries are struggling to avoid slipping back into recession, being dragged down by the deepening debt crisis engulfing the eurozone, one of the main problems facing the Indonesian economy appears to be how to avoid growing too far, too fast.
Mon, 31 May 2010
Indonesian energy-economy potentials, challenges
Indonesia is endowed with considerable energy resources, both fossils and renewable. With our resource wealth, strategically located close to East Asian industrial nations and openness to international trade, we have seen over the last three to four decades that Indonesia a world class exporter of...
Mon, 31 May 2010
Singapore-Malaysia industrial estate affects Batam trade zone
Tanjungpinang, Riau Islands (ANTARA News) - The industrial cooperation between Malaysia and Singapore could disadvantage the Batam, Bintan, Karimun Free Trade Zone (FTZ), a noted businessman said."The development of the Johor Bahru Iskandar Muda industrial zone by Singapore`s Temasek and...
Sat, 29 May 2010
Three companies from Dubai ready to invest in Indonesia
Three companies from Dubai, United Arab Emirates, have again underlined their readiness to invest and open new plants in tire industry, automobile battery and gold mining in Indonesia.The readiness to do business in Indonesia by the three companies -- Al Badiya (Bristol), Moafaq Al Ghadah (MAG)...
Sat, 29 May 2010
Malaysia Interested in Banyuwangi Sea Weed
TEMPO Interactive, Surabaya:Malaysia has started to notice the potential of sea Weed in Banyuwangi, East Java.A Malaysain food producer, PT Adabi, recently conduct a survey on sea weed (Eucheuma Cottoni) at the production center in Wongsorejo Sub-district, Banyuwangi.
Sat, 29 May 2010
Ireland to develop investment in Indonesia
Jakarta (ANTARA News) - Irish Ambassador to Indonesia Richard O`Brian has said his country would increase bilateral cooperation with Indonesia in the field of economy and business, trade, and investment.
Thu, 27 May 2010
Australia's cattle trade with Indonesia under question
Quote:MOTTRAM: The demand for imports last year reached 1.1 million cattle, and we imported about 600,000, when the real need is only 400,000, the minister said.so, indonesia imported 200,000 more cattle "than it needed" just for the fun of it, at at least USD500 per head.
Thu, 27 May 2010
Australia's cattle trade with Indonesia under question
Australia's lucrative live cattle exports to Indonesia is under question, after a shipment of more than two-thousand Australian cattle was last weekend declared to have an invalid import permit. Australia denies there was a permit problem but Indonesia's agriculture ministry has warned Australia...
Thu, 27 May 2010
US Trade Mission in Indonesia Ahead Of Obama's Visit
"Energy is the defining issue of our time. It is the one issue, more than any other, that will shape the fate of our planet, our economies and our nations," said Gary Locke, US Secretary of CommerceU.S.
Thu, 27 May 2010
Firms to Build Biodiesel Plant
PT Adaro Energy, the nation’s second-biggest coal producer, will team up with PT United Tractors and Komatsu to build a biodiesel plant.Fuel from the plant will power some of Komatsu’s dump trucks operating at Adaro mines, said Cameron Tough, head of investor relations at Adaro.
Thu, 27 May 2010
Policy Reform Needed to Realize Nation’s Green Dream
Indonesian officials acknowledged on Wednesday that much work remained to be done to reduce obstacles to investment in the country’s clean-energy sector, but also touted recent efforts to support development, especially of geothermal energy, and affirmed the government’s commitment to the use...
Thu, 27 May 2010
Red Tape Blocks Clean Energy Investment in Indonesia: US
Red tape, conflicting regulations and legal uncertainties keep US companies from investing in clean-energy projects in Indonesia that could help reduce carbon emissions and fight global warming, US Commerce Secretary Gary Locke said during his visit on Wednesday.
Thu, 27 May 2010
Indonesia Astra forecasts record vehicle sales in 2010
JAKARTA, May 26 (Reuters) - Indonesia's largest automotivedistributor, PT Astra International Tbk (ASII.JK), said onWednesday it expects record high 2010 car and motorcycle salesas consumer demand increases, driving its shares up 10 percent.
Thu, 27 May 2010
US Seeks Renewable Energy Projects in Indonesia
TEMPO Interactive, Jakarta: US Trade Minister Gary Locke told reporters in Jakarta day that the US government is currently venturing different types of alternative energy projects powered by renewable sources like the solar and wind.