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Wed, 20 Dec 2006
Government Appoints Microsoft Without Tender
TEMPO Interactive, Jakarta: The government has appointed Microsoft as the software supplier of Microsoft Windows operation systems and Microsoft Office data processors in state departments and institutions.This appointment did not through a tender process.
Wed, 20 Dec 2006
Floods, landslides hit Batam
Batam, Sumatra (ANTARA News) - Incessant rains that have been falling in Batam since Sunday, triggered floods and landslides in the region on Tuesday.The floods inundated industrial and settlement areas in Batam.
Wed, 20 Dec 2006
Govt hopeful about 2007 investment
The government expects to attract more investment next year based on the progress it says it has made in completing three policy packages on, respectively, improving the investment climate, infrastructural development and financial sector.
Tue, 19 Dec 2006
Workers Reject Regional Wage System
TEMPO Interactive, Jakarta: Around 500 workers took part in a rally held by the Workers Criticism Alliance (ABM) joined in in front of the State Palace, Jalan Merdeka Utara, Jakarta, yesterday (16/12).They demanded that the government get rid of the existing regional wage system and replace it with...
Tue, 19 Dec 2006
ExxonMobil Rejects Pertamina’s Plan to Produce Gas from Cepu before Oil
TEMPO Interactive, Jakarta: ExxonMobil Oil Indonesia Inc. has stated that it rejects Pertamina's plan to produce gas earlier than oil from the Cepu field.The reason given by this United States oil company was that the amount of gas reserves at this field is not yet known exactly.
Tue, 19 Dec 2006
Bakrie Telecom Gets National License
"The statement said the move was part of government reforms aimed at strengthening the sector."---- Nothing to do with Mr Bakrie holding a senior position in government then? Maybe it's some sort of reward following his high level of performance and integrity during the mudflow crises!
Tue, 19 Dec 2006
30 Power Plant Projects on Offer
State-run electricity company, PT PLN, will host a tender for bidders interested in the construction of 30 coal-fired power plants with a combined capacity of 3,100 MW later this month.The 30 power plants, located outside Java, are expected to operate in two to three years, the company's...
Tue, 19 Dec 2006
Banks Attract Foreign Investor Interest
Bank consolidation efforts got a boost on Monday (11/12/06), with a senior central bank official confirming stake sales in local operations to foreign investors from China, India and Australia.Relatively lenient regulatory restrictions on the size of foreign bank stakes are also a potent lure, said...
Tue, 19 Dec 2006
Bakrie Telecom Gets National License
Indonesia has given mobile phone firm, PT Bakrie Telecom, currently operating only in some cities on Java, a license to operate nationally, the communications department said on Wednesday (13/12/06)."PT Bakrie Telecom will get three channels nationally," the department said in a statement,...
Tue, 19 Dec 2006
Telkomsel to Invest $1.5b to Expand Coverage
The country's largest mobile phone operator, PT Telkomsel, said it will build 5,000 more base transceiver stations (BTS) to expand its coverage in 2007.Currently, the subsidiary of state-owned telecommunications provider PT Telkom already has 15,000 BTS.Telkomsel will set aside $1.
Tue, 19 Dec 2006
Chinese Investors May Build Precious Stone Center
Chinese entrepreneurs will explore the possibility of building a precious stone center and selling jewelry in Bali, Industry Minister Fahmi Idris said recently."I don't have any objection to the Chinese investors' plan so long as they train our precious stone craftsmen to develop specific...
Tue, 19 Dec 2006
Nestlé to Spend $80m on Expansion
Milk processing company, PT Nestlé Indonesia, will invest $80 million to expand the capacity of its factory in Pasuruan, East Java from 50,000 tons to 93,000 tons a year, senior Industry Department official Imam Haryono said.
Tue, 19 Dec 2006
Sun Business to Buy Content Firm for $6.2m
Sun Business Network Ltd (SBN) said it will buy Maestro Mind International Ltd, a holding company that owns 95% of mobile content developer PT Monstermob Indonesia (PMTI) for $6.2 million, XFN-Asia reported.
Tue, 19 Dec 2006
Consumers Upbeat About Economy - Survey
Consumers were optimistic about the economy in November for the first time after more than a year of continued pessimism about the economy, a central bank survey showed on Monday (11/12/06).The consumer confidence index rose 3.5 points to 101.6 in November from 98.1 in October.
Tue, 19 Dec 2006
President Warns About Graft Slowdown
President Susilo Bambang Yudhoyono warned on Monday (11/12/06) against moves to slow down the anti-corruption campaign, but said stakeholders should avoid excesses in the fight to root out graft.He said authorities should respect the principle of presumption of innocence and avoid issuing...
Tue, 19 Dec 2006
Garuda Indonesia meets creditors in Singapore
Jakarta (ANTARA News) - Flag carrier PT Garuda Indonesia said that it had met creditors, floating rate notes holders in particular, in Singapore on Friday."Apart from explaining the company`s financial performance and operation, we also reported our plans and debt restructuring," Garuda president...
Tue, 19 Dec 2006
Fake goods hurt state, says new research
The country has lost over Rp 219 billion (some US$24.3 million) in potential tax revenue annually because of counterfeiting, research by the Institute for Economics and Social Research at the University of Indonesia (LPEM-UI) has shown.
Tue, 19 Dec 2006
Bureaucracy, tax blamed for BRR's failure to meet tsunami targets
Nani Afrida and Ridwan Max Sijabat, The Jakarta Post, Banda AcehThe Aceh-Nias Rehabilitation and Reconstruction Agency (BRR) has failed to meet this year's targets to rebuild tsunami-hit areas because of bureaucratic problems and an unpopular tax on foreign disaster aid, an official says.
Mon, 18 Dec 2006
State revenue from oil/gas sector up by 17 percent
More money to corrupt and mispend.
Mon, 18 Dec 2006
State revenue from oil/gas sector up by 17 percent
Lembang, W. Java (ANTARA News) - State revenue from oil/gas sector in 2006 reached more than US$22.536 billion, an increase of about 17.17 percent compared to last year`s.The state income in the past three years from the oil/gas sector also rose by 89 percent from US$9.6 billion in 2002 to US$22.
Sun, 17 Dec 2006
Jakarta to host 1st international agriculture expo
The Bogor Institute of Agriculture (IPB) and the Indonesian Young Entrepreneurs Association (HIPMI) will host Indonesia's first international agricultural expo in March 2007 to promote local agricultural products on both the national and international markets.
Sun, 17 Dec 2006
Govt projects to be tendered before start of fiscal year
Government agencies will be allowed to hold tenders for projects before the start of the fiscal year so as to expedite government spending and keep economic growth on track next year.State Minister for National Development Planning Paskah Suzetta said in Jakarta that his ministry wanted public...
Sat, 16 Dec 2006
Palapa Ring Project Not Viable
TEMPO Interactive, Jakarta: The Palapa Ring project, a fiber optic network construction connecting all areas in Indonesia that is worth US$1.517 billion, is not viable. Spokesman of the Directorate General of Post and Telecommunication at the Information and Communication Department, Gatot S.
Sat, 16 Dec 2006
High Rise Tax to be Eliminated
TEMPO Interactive, Jakarta: The President's decision on High Rise Construction instructs related ministers to eliminate all kinds of tax to make a success out of construction of 1,000 towers. This program is important to overcome the problems of public housing and traffic jams in major cities,...
Sat, 16 Dec 2006
Infomedia to focus on contact-center business
PT Infomedia Nusantara, a telephone directory publishing company, plans to invest Rp 125 billion (US$13.7 million) next year, with 80 percent of the money going on the development of the firm's contact-center business."The growth of our core business, Yellowpages, only amounted to 8 percent in 2006.
Sat, 16 Dec 2006
Non-nationals may be allowed to buy property
The government seems likely to issue a long awaited regulation next year allowing non-nationals a restricted right to own some forms of real property, such as apartments, in a move that is expected to further fuel the growing property market, Indonesian Chamber of Commerce and Industry (Kadin)...
Fri, 15 Dec 2006
Mobile-8 to launch FWA access
Jakarta (ANTARA News) - A national telecommunication firm PT Mobile-8 Telecom will launch fixed wireless access (FWA) which uses code division multiple access (CDMA) technology late this week, a spokesperson said.
Fri, 15 Dec 2006
Investors Await Stable Indonesian Economy
TEMPO Interactive, Jakarta: George Soros, Director of Soros Fund Management and the Open Society Institute, has said that reason few foreign investors are coming to Indonesia is because of the unstable economy, high corruption rate and lack of transparency.
Fri, 15 Dec 2006
Mobile-8, Bakrie get new licenses
The Jakarta Post, JakartaThe government has granted new licenses to PT Bakrie Telecom and PT Mobile-8 Telecom to provide code-division-multiple-access (CDMA) services throughout the country as part of a shakeup in the allocation of mobile telecommunications frequencies.
Fri, 15 Dec 2006
RI finances to close the year on solid ground
Indonesia's finances are expected to wrap up the year in good shape, with the current account in surplus and the budget deficit ending up within a slightly lower-than-expected range of between 1 and 1.1 percent of gross domestic product.
Fri, 15 Dec 2006
Indonesian economy in 2007 predicted to grow better
Jakarta (ANTARA News) - The Ministry of Finance expressed optimism that the country`s economy in 2007 will grow better than this year`s economy due to an improvement of economic fundamentals starting from the third quarter of 2006, an official said.
Fri, 15 Dec 2006
Indonesia awards 18 new oil and gas contracts via direct offer
Jakarta (ANTARA News) - The Energy and Mineral Resources Ministry said it has awarded 18 new oil and gas contracts to eight consortia and 10 individual contractors, via direct offer.The contractors include the CNOOC-PT Gregori Gas Perkasa consortium, Star Energy Holdings Ltd.
Fri, 15 Dec 2006
Yudhoyono asks PLN not to hesitate to take action
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has called on PT PLN not to hesitate to take action in its efforts to speed up construction of power plants with a combined capacity of 10,000 MW to overcome power shortages in several parts of the country.
Thu, 14 Dec 2006
Kalimantan-Java Gas Piping Probably Canceled
TEMPO Interactive, Jakarta: There is a large possibility that the government will cancel the plan of piping for gas delivery from Kalimantan to Java.Vice President Jusuf Kalla said since the gas potential in Cepu and other locations on Java was known, Indonesia's gas balance had changed.
Thu, 14 Dec 2006
Indonesia to grab 60,000 jobs in S. Korea
jeez, you catch on quick, chewwy ... Manpower Dept bureaucrats will make a killing with this.
Thu, 14 Dec 2006
Indonesia to grab 60,000 jobs in S. Korea
hmmmm .... government department handling recruitment. So they decided not to use third parties to avoid paying fees! I am guessing the government officials are demanding plenty of fees from the people who register!!
Thu, 14 Dec 2006
Indonesia to become world's largest cocoa producer and exporter
Jakarta (ANTARA News) - Indonesia is ready to become the world`s largest cocoa producer and exporter, Agriculture Minister Anton Apriyantono said here Tuesday."We are determined to make Indonesia the world`s largest cocoa producer and exporter as the country has an abundance of the commodity," he...
Thu, 14 Dec 2006
Indonesia to grab 60,000 jobs in S. Korea
Jakarta (ANTARA News) - Indonesia has a great opportunity to grab around 60,000 jobs offered by the South Korean government in the sectors of industry, manucfacturing, construction, agriculture, fishery and stock breeding.
Wed, 13 Dec 2006
SBY: Corruption is Still Haunting Us
i'll audit you and you can audit me and we'll all audit each other. Everything's gonna be fine
Wed, 13 Dec 2006
SBY: Corruption is Still Haunting Us
TEMPO Interactive, Jakarta: President Susilo Bambang Yudhoyono affirmed that corruption is still haunting Indonesia despite his evaluation that there has been improvement during the last two years. “Quite a high index of corruption perception in 2006 has signaled that corruption is still haunting...
Wed, 13 Dec 2006
Soros meets House Speaker in Jakarta
Jakarta (ANTARA News) - George Soros, a global financier and philanthropist, is currently in Jakarta and met with Indonesian House Speaker Agung Laksono at the Parliament Building here on Tuesday.Soros also held a meeting with members of the Indonesian Parliament`s Caucus for Myanmar when visiting...
Wed, 13 Dec 2006
Soros: Corruption Still Hampers Indonesia's Economics
Originally posted by: KuKuKaChu“When will Indonesia awaken? Indeed, that my friends, is the trillion dollar question...
Wed, 13 Dec 2006
Soros: Corruption Still Hampers Indonesia's Economics
TEMPO Interactive, Jakarta: Billioner George Soros said that the strong corruption practices and the weak law enforcement in Indonesia have been the main cause of low economic growth.“East and South Asia have grown rapidly, but Indonesia does not participate in it,” Soros told Tempo in a...
Wed, 13 Dec 2006
Bumi Suspected of Committing Insider Trading
TEMPO Interactive, Jakarta: The Jakarta Stock Exchange (JSX) is still tracing allegations of insider trading over shares transactions of PT Bumi Resources . The incident occurred prior to cancellation of divestment to three of its subsidiaries: PT Kaltim Prima Coal, PT Arutmin Indonesia, and PT...
Wed, 13 Dec 2006
Foreigners Invade Local Banks
TEMPO Interactive, Jakarta: Foreign banks are more eager to buy banks in Indonesia. Currently Bank Indonesia (BI) has received plans from theCommonwealth Bank (Australia) which will acquire PT Bank Artha Niaga Kentjana and the Bank of India to take over PT Bank Swadesi.
Wed, 13 Dec 2006
Indonesia's Financial Market Hits Record
TEMPO Interactive, Jakarta: The composite stock price index at the Jakarta Stock Exchange during the year has shown a remarkable achievement.From January up until closing trade last week, the index has recorded an increase of 52.69 percent from the level of 1,162.635 on 2 January to 1,775.
Wed, 13 Dec 2006
New Fixed Line Licenses to be Issued in 2007
TEMPO Interactive, Jakarta: The government will issue licenses for providing new fixed telephone lines in the first quarter of 2007.Gatot S. Dewa Broto, spokesperson of the Post and Telecommunication Directorate General at the Information and Communication Department, said the new licenses are...
Wed, 13 Dec 2006
Indonesia to serve as car production, export base: minister
Jakarta (ANTARA News) - Industry Minister Fahmi Idris said Indonesia was expected to serve as a base for the production of export-quality cars to increase the country`s car exports in an effort to offset the gloomy market at home.
Wed, 13 Dec 2006
Govt to complete telecommunication service implementation
Jakarta (ANTARA News) - The government will quickly complete an opportunity to empower telecommunication sector by reopening business opportunity in telecommunication industry following a reform in thetelecommunication sector, an official said.