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Fri, 05 Jan 2007
Price Increases of Industrial Fuels Reduce Competitiveness
TEMPO Interactive, Jakarta: The government considers that the price increases of fuels for the industrial sector in January 2007 will reduce production competitiveness.Both the steel and textile industries will experience the impact of these fuel price increases.
Fri, 05 Jan 2007
Total to open five gas stations in 2007
Ika Krismantari, The Jakarta Post, JakartaFollowing in the footsteps of Shell and Petronas, Total E&P Indonesie -- the local affiliate of the world's second largest LNG producer, Total SA, is to build five gas stations selling high-quality fuels in Greater Jakarta this year.
Thu, 04 Jan 2007
Food and beverage exports may break $2 billion mark in 2006
Exports of food and beverages will grow by between 10 and 15 percent this year from the US$2 billion in earnings estimated for 2006, the Indonesian Food and Beverage Producers Associations (GAPMI) says."It is only an interim estimation as we haven't completed all the calculations for last year.
Thu, 04 Jan 2007
Exports hit $8.02b in November, highest level in history
The country's exports broke yet another record in November at US$8.92 billion, the Central Statistics Agency (BPS) reported Tuesday, adding weight to predictions that full-year exports will hit $100 billion for the first time."According to our records, the $8.
Thu, 04 Jan 2007
Mining investment may reach over US$1.5 bln in 2007
Jakarta (ANTARA News)- The government has predicted that investment in general and geothermal mining may reach over US$1.5 billion in 2007, while that in 2006 reached only $1.307 billion, a spokesman said.
Thu, 04 Jan 2007
Duri-Medan Pipeline for Tender
State-owned gas distributor PT Perusahaan Gas Negara (PGN) will invite bids next year for the construction of a $600 million pipeline linking Riau and North Sumatra, The Jakarta Post reported. PGN president director Sutikno said that the 360-km pipeline, which will transmit between 200 million and...
Thu, 04 Jan 2007
Pertamina Retains Distribution Rights
Pertamina Retains Distribution Rights State oil firm Pertamina will retain its exclusive rights to supply and distribute subsidized oil products in 2007 in the domestic market, an official at the country's downstream oil regulator (BPH MIGAS) said on Thursday, Reuters reported.
Thu, 04 Jan 2007
$41 Billion Needed in Investment: Report
State power utility PT Perusahaan Listrik Negara (PLN), says the country needs $41 billion to develop new power plants between 2006 and 2015, Bisnis Indonesia reported on Tuesday (26/12/06). PLN President Eddie Widiono said the amounts of investment required were $26.
Thu, 04 Jan 2007
Expansion, for Retailers
Retailers say they are looking at a quieter year for sales in 2007, amid strong expansion programs by major domestic and international operators.Retailers expect 17% growth this year compared to an estimated 20% last year, in which they made an estimated Rp50 trillion.
Thu, 04 Jan 2007
President Approves Capital Injections
President Susilo Bambang Yudhoyono on Thursday (28/12/06) signed a government regulation ordering the government to inject funds into 12 state-owned enterprises, State Secretary Yusril Ihza Mahendra told reporters.
Thu, 04 Jan 2007
Indonesia Ready for ‘Single Window’ Licensing
Indonesia is ready to support the realization of ASEAN's electronic export-import system called the ASEAN Single Window (ASW), scheduled to become operational in 2008, a senior official said on Tuesday (26/12/06), Antara reported.
Thu, 04 Jan 2007
Govt. Guarantees Investor Security
Property developer PT Ciputra Development plans to build Rp1.2 trillion ($132.2 million) worth of projects that were delayed by the Asian economic crisis, Investor Daily reported on Wednesday (27/12/06).
Thu, 04 Jan 2007
Govt. Guarantees Investor Security
The government guaranteed the security of foreign investment in Indonesia, needed to help boost the country’s economic growth, Coordinating Minister for Political, Legal and Security Affairs Widodo AS said."Security is a matter of perception. The important thing is how to manage problems well.
Wed, 03 Jan 2007
Minimarkets forcing us out, say angry shopkeepers
Though impinging on a traditional way of life in Indonesia, Warung owners are racist (they overcharge bule) and don't, generally, sell cold beer. I don't agree with the overkill on the part of circle K et al either though.
Wed, 03 Jan 2007
Minimarkets forcing us out, say angry shopkeepers
The growing number of minimarkets and convenience stores in Jakarta is forcing many small-scale traders out of business."I lost most of my customers when a minimarket opened up right in front of this market (Bintang Mas market in Kemanggisan, West Jakarta) a few months ago," Lilis, a shopkeeper,...
Wed, 03 Jan 2007
Itochu eyeing railway track project in Central Kalimantan
Jakarta (ANTARA News/Asia Pulse) - The government has received a letter from Japan's Itochu indicating interest in building a railway track in Central Kalimantan, Transport Minister Hatta Rajasa said.Hatta told the newspaper Investor Daily, however, the government has to pass a law on railway...
Wed, 03 Jan 2007
Bakrie Given Time Until July 2007
TEMPO Interactive, Jakarta: The government has given Bakrie Brothers until July 2007 to solve the matters of gas supply and off takers (buyers of gas). Bakrie was the winner of a special rights tender on East Kalimantan-Central Java pipeline.
Mon, 01 Jan 2007
Kalimantan Gold in Deal with Oxiana
Kalimantan Gold Corporation Limited said Monday (18/12/06) that it has finalized its option deed with Australian copper and gold mining company, Oxiana Ltd.Previously announced as a Heads of Agreement in October, the option deed grants Oxiana an option to earn up to a total interest of 66.
Mon, 01 Jan 2007
Sinar Mas to Build Bio-diesel Plant
Sinar Mas Group, through its subsidiary PT Nabati Energi Mas, plans to construct a bio-diesel plant next year with capacity of 400,000 tons per annum, Investor Daily reported, citing a company official.
Mon, 01 Jan 2007
Tenders Open for Small Plants
State power utility PT PLN has called for bids to build 25 coal-fired steam power plants as part of a program aimed at fast tracking additional power supply, XFN-ASIA reported.Under the plan PLN is seeking to bring on-stream new electricity capacity of 10,000 MW.
Mon, 01 Jan 2007
$2.8 bn in Loans for Bio-fuel
Five Indonesian state-owned and regional banks have been tasked to lend $2.8 billion next year to help develop bio-fuel projects and revitalize the country's plantation sector, Dow Jones Newswires reported.
Mon, 01 Jan 2007
Tender for Fiber-Optic Expansion
The government will hold a tender in March in a bid to expand its fiber-optic cable network in a bid to strengthen its telecommunications sector, a communications department official said on Tuesday, according to Reuters.
Mon, 01 Jan 2007
World Bank Loan for Reform Program
The World Bank has approved a loan package of $600 million to support Indonesian reforms, which it said were already bearing fruit.The assistance comprises a $530 million loan and a concessional credit of $70 million, it said Wednesday in a statement, Agence France-Presse reported.
Mon, 01 Jan 2007
Indonesia Named Regional Base for LG
South Korean electronics producer LG Electronics Corporation is planning to make Indonesia a base for production of four types of domestic appliances for the Asian and Australian markets, Antara reported.
Mon, 01 Jan 2007
Russia's Alfa May Invest $2bn
One of Russia's largest privately owned holding companies, the Alfa Group, announced Wednesday (20/12/06) it plans spend up to $2 billion in Indonesia's mobile telecommunications industry, The Jakarta Post reported.
Mon, 01 Jan 2007
China Leads Investment Interest
A Chinese official has said his government intends to increase investment in Indonesia, particularly in the power and resources sectors, as a number of other investment deals were taking shape.The reports provided an optimistic note to the end of a year in which investment realizations have been...
Mon, 01 Jan 2007
World Bank to Fund Java Quake Reconstruction
A project to build 21,500 permanent houses and 24,500 temporary shelters for victims of the Java earthquake and tsunami was launched Wednesday, the World Bank said.Some 6,000 people were killed and 300,000 homes destroyed or seriously damaged in the May 27 quake which hit Yogyakarta and its...
Sun, 31 Dec 2006
Internet connections creeping back as operators up capacity
Internet connections creeping back as operators up capacityAndi Haswidi, The Jakarta Post, JakartaThe country's internet capacity slightly improved Friday as major telecommunication operators succeeded in rerouting connections to several foreign backbones and a satellite link.
Sun, 31 Dec 2006
Tax incentives needed to spur business growth, says analyst
Incentives should be given to businesses to improve their productivity and increase their taxable incomes, an economist says.Aviliani said increased production would ensure businesses ended up paying more tax, allowing the government to meet revenue targets.
Sun, 31 Dec 2006
Palm oil producers facing more demanding costumers
The fourth Round Table on Sustainable Palm Oil (RSPO) session, which was held recently in Singapore, clearly shows that while the demand for crude palm oil, including for bio-diesel fuel, will continue to increase in coming years, it is just a matter of time for CPO producers to face more demanding...
Sun, 31 Dec 2006
PLN will sign power plant contracts despite protest
Defying protests from other bidders, state electricity firm PT Perusahaan Listrik Negara (PLN) will go ahead with its plan to sign a letter of intent next week to formally name China National Technical Import & Export Corp.
Sun, 31 Dec 2006
Indonesia eyes 5.5 million overseas tourists in 2007
Indonesia should also issue visas-on-arrival for more than 30 days, and allow tourist visas to be extended within the country. 30 days is nowhere near enough for a country this size.
Sat, 30 Dec 2006
Indonesia eyes 5.5 million overseas tourists in 2007
The government is optimistically hoping to attract 5.5 million overseas tourists next year on intensified promotion despite only 4.8 million tourists visiting Indonesia this year."We had 5.3 million tourists in 2004, after having negative growth for two consecutive years in 2002 and 2003.
Sat, 30 Dec 2006
Investment Sharply Decreases This Year
TEMPO Interactive, Jakarta: Investment in Indonesia has sharply decreased this year compared to last year. According to the Head of the Association of Indonesian Entrepreneurs, Sofjan Wanandi, local investment in 2006 dropped 37 percent compared to the previous year.
Sat, 23 Dec 2006
Indonesia introduces iris scans to speed airport checks
just watch them stuff this up ...
Sat, 23 Dec 2006
Indonesia introduces iris scans to speed airport checks
Jakarta (ANTARA News) - Indonesia has introduced iris scans to allow registered passengers to pass through airport immigration in seconds, officials said.Jakarta's Soekarno-Hatta International Airport Thursday became the first in Asia to use the technology, which is already being used or tested at...
Sat, 23 Dec 2006
AGB Energy to produce biofuel for PLN
Jakarta (ANTARA News) - AGB Energy of South Korea is to invest Rp1 trln to build an integrated biofuel business, from plantation to a processing plant, under an agreement that it will supply its biofuel output to PT PLN, AGB president Kim Tae Sik said.
Sat, 23 Dec 2006
Official says 2007 will be better
With a number of sectors having contracted in 2006, the country's industrial sector is set to grow by a less-than-expected 5 percent this year, almost 1 percent lower than last year's disappointing growth of 5.9 percent.
Sat, 23 Dec 2006
We need to get in fast lane, minister admits
With Indonesia needing to build 54 new expressway sections totaling 1,835 kilometers to enable high economic growth to take off, the Public Works Ministry is seeking ways to speed up highway construction.
Sat, 23 Dec 2006
Bureaucratic reform needs a push, forum hears
Indonesia needs to create an "island of integrity" as part of efforts to end the bureaucratic reform stalemate, a discussion here heard.Roy Salomo of the University of Indonesia says South Korea used this method to remodel its bureaucracy with some success.
Fri, 22 Dec 2006
Local Electric
TEMPO Interactive, Jakarta: J. Purwono, Director General of Electricity and Energy Use at the Energy and Mineral Resources Department, has said that local electricity rates must be applied to all regions under one electricity system.
Fri, 22 Dec 2006
Microsoft Case to be Scrutinized
TEMPO Interactive, Jakarta: The Business Competition Oversight Commission (KPPU) will scrutinize the government's decision to direct appoint Microsoft to supply computer software in all government offices.The decision was included in an MoU between the government.
Fri, 22 Dec 2006
Banks to lend Rp 25 trillion for plantation, biofuel projects
A consortium of five state-owned and regional banks has committed itself to providing a total of Rp 25.56 trillion (US$2.8 billion) in loans for the development of plantations across the country, including those producing biofuel feedstock.
Fri, 22 Dec 2006
Indonesia to build peat land powered electric generators
Indonesia plans to build power plants powered by peat land in West Kalimantan province with the capacity of 60 megawatts, the governor of the province said on Wednesday.At a press conference after meeting with Vice President Jusuf Kalla, Governor Usman Jafar said that the project was expected to be...
Thu, 21 Dec 2006
Capital Investment Twice Higher
TEMPO Interactive, Jakarta: The improving Indonesian macroeconomic situation is stimulating the country’s investment climate.M. Luthfi, Head of the Investment Coordinating Board (BKPM), said that the growth of foreign investment this year has increased by 18.6 percent compared to last year.
Thu, 21 Dec 2006
Huawei Keeps Focusing on Indonesian Market
TEMPO Interactive, Shenzhen: Huawei Technologies Co. Ltd., a telecommunications solution company from China, will not only sell its products at cheap prices.However, according to Fu Jun, Huawei’s global spokesperson, the company’s products are as competitive of those of other companies.
Thu, 21 Dec 2006
BI not to change foreign exchange policy
Jakarta (ANTARA News) - Governor of Bank Indonesia (BI) Burhanuddin Abdullah has said that the central bank would not change its foreign exchange policy in connection with the new rules of the Bank of Thailand (BoT) which restricted the flow of foreign currencies out of the country.
Thu, 21 Dec 2006
Govt denies appointing Microsoft as official supplier
Jakarta (ANTARA News) - Communication and Information Minister Sofyan Djalil denied on Tuesday that his office has appointed US software maker Microsoft as an official supplier of software to government agencies.
Thu, 21 Dec 2006
IHI, Sojitz to produce gas in Indonesia using coal
Tokyo (ANTARA News) - Ishikawajima-Harima Heavy Industries Co Ltd will join forces with trading house Sojitz Corp to launch gas production in Indonesia, using less expensive, low-grade coal, the Nihon Keizai Shimbun reported, without citing sources.
Wed, 20 Dec 2006
Korea Cuts 70 Percent of Tariff Posts
TEMPO Interactive, Jakarta: South Korea will cut 70 percent off all its tariff posts starting as of January 1, 2007, for all members of the Association of South East Asian Nations (ASEAN).This is a free trade cooperation agreement between ASEAN members and their dialog partner South Korea, and has...