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Thu, 27 May 2010
Jakarta, Washington discuss energy cooperation
Jakarta (ANTARA News) - Economic Coordinating Minister Hatta Rajasa said Indonesia and the United States are discussing investment cooperation in renewable energy replacing alternative energy in the years ahead."We discussed renewable energy and investment.
Wed, 26 May 2010
Yahoo buys mobile social network provider Koprol
Yahoo! Ready to Acquire Other StartupsBefore locking up Koprol, Yahoo! tried to secure news portal Kapanlagi.com. VIVAnews - Yahoo! is ready to acquire other local startups in Indonesia after it announced the acquisition over Koprol, a location-based social network.
Wed, 26 May 2010
Indonesia warned of opposition to reform
The departing Indonesian finance minister has warned that economic and democratic successes in south-east Asia’s largest economy are in danger of being “hijacked” by vested interests opposed to reform.
Wed, 26 May 2010
RI, US to boost trade in green products
Jakarta (ANTARA News) - Indonesia will cooperate with the US to increase trade in green products to support efforts in achieving their targets of gas emissions reduction, it was learned here on Tuesday.
Wed, 26 May 2010
Yahoo buys mobile social network provider Koprol
Though Yahoo may have wanted to buy Foursquare, the company has found another way to hook into the world of location-based social networking.Yahoo announced Tuesday that it has bought Koprol, a social network for mobile users.
Tue, 25 May 2010
Accor to open 16 new hotels in Indonesia by 2012
International hotel operator Accor plans to open 16 new hotels across Indonesia by 2012 to support its expansion plan in the country’s growing hotel industry, says an executive of the hotel chain.Accor chairman and CEO for the Asia Pacific, Michael Issenberg, said in Jakarta on Monday that one of...
Tue, 25 May 2010
Indonesia's FDI Won’t be Slowed by Euro Debt Crisis: BKPM
The European debt crisis is unlikely to stall the recent acceleration in foreign direct investment in Indonesia, the chairman of the Investment Coordinating Board chairman said on Monday.Gita Wirjawan said he remained upbeat Indonesia could sustain healthy growth in FDI during the second quarter,...
Tue, 25 May 2010
Panasonic Prepares US$100 Mn for Factories
VIVAnews - PT Panasonic Global Energy Indonesia will invest US$100 million to improve the factory's capacity this year.According to Chief Commissioner of Panasonic Gobel Indonesia, Rachmat Gobel, the fund will be used to expand with refrigerator, television, battery, and washing machine factories.
Tue, 25 May 2010
President calls for continuous attention to food resilience
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has called for continuous national attention to food resilience despite the country`s success in achieving self-sufficiency in a number of prime food commodities.
Tue, 25 May 2010
Sasol expected to invest in RI after Sept
Jakarta (ANTARA News) - South Africa`s minning company Sasol is expected to decide whether or not to invest US$10 billion in Indonesia after it has completed a feasibility study in September, an official said."The company is expected to complete its feasibility study in September 2010.
Tue, 25 May 2010
China, HK investments in Indonesia up after ACFTA`s signing
Jakarta (ANTARA News) - Capital Investment Coordinating Board (BKPM) Chief Gita Wirjawan said Chinese and Hong Kong investments in Indonesia increased during the 2003-2009 period or after the signing of the ASEAN-China Free Trade Agreement (ACFTA).
Tue, 25 May 2010
Indonesia to go ahead with free trade deal with India
JAKARTA, May 24 (Xinhua) -- Indonesian government will go ahead with the implementation of another free trade agreement with India despite strong opposition from local industries, the Jakarta Post quoted a minister as saying on Monday.
Tue, 25 May 2010
Indonesia Rising: What a Difference a Decade Makes
Singapore. Indonesia is the big winner as Southeast Asia’s investment landscape is transformed, with politics driving the tectonic shifts in market perceptions.Thailand, the archetypal Asian tiger long a favored destination for global conglomerates and emerging markets investors, is increasingly...
Tue, 25 May 2010
Kalimantan Coal Rail Project Runs Into Cost Delay
A $1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of the integrated project uncovered an estimated $700 million in additional costs, a senior national planning official said on Monday.
Tue, 25 May 2010
Bumper Year Predicted for Indonesian Coal
Reva Sasistiya & BloombergThe country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as producers look to take advantage of higher prices, the Indonesian Coal Producers Association said on Monday.
Mon, 24 May 2010
Handal Expanding To Indonesia
JAKARTA, May 24 (Bernama) -- With a track record of having delivered offshore pedestal cranes with zero defect and zero warranty call-outs, Handal Offshore Services Sdn Bhd (Handal), is now expanding its business to Indonesia.
Mon, 24 May 2010
Transparency International Indonesia Doubts New finance Minister
TEMPO Interactive, Jakarta: International anti-graft watchdog the Transparency International Indonesia has doubted the new Finance Minister pledge to continue inquiries into tax violations by big businesses especially that of Aburizal Bakrie, which brought Sri Mulyani down from her office.
Mon, 24 May 2010
Indonesian Palm Oil Producers Put Faith in Govt Standards
Indonesian palm oil growers hope a new environmental certification system being launched by the government soon will help to counter the widespread perception that producers here are damaging the environment.
Mon, 24 May 2010
Indonesia finance minister promises reforms, swift start
JAKARTA, May 23 (Reuters) - Indonesian new finance minister has said he expects a swift start to the job and to continue reforms driven by his predecessor without fear of political pressure, Indonesian newspaper Rakyat Merdeka reported on Sunday.
Sun, 23 May 2010
Bali Tax Men to Target Two-Car Garages?
Bali Eyeing a Progressive Tax to Penalize People Owning Multiple Motor Vehicles.(5/22/2010) Bali's administrators are considering introducing a progressive tax that will affect people owning more than one motor vehicle.
Sun, 23 May 2010
Bali Economic Update Bali by the Numbers
Bali by the Numbers: Strong Growth in Bali's Economy and Rising Per Capita Incomes Achieved in 2009.(5/22/2010) Antara, the national news agency, reports that Bali's economy is recovering nicely form the world wide economic crisis and benefiting from the buoyant local tourism industry.
Sun, 23 May 2010
Govt optimistic investment to reach rp2,200 trillion
Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa expressed optimism here on Friday that investment would be able to reach Rp2,200 trillion this year."We are optimistic we can draw up to Rp2.
Sun, 23 May 2010
Govt to promote growth of five prioritized industries
Jakarta (ANTARA News) - The government is promoting the growth of five prioritized industries considered able to become the engine for the industry to grow more than seven percent in 2014.Industry Minister MS Hidayat said here on Friday the four prioritized industries are manufacturing, processing,...
Sat, 22 May 2010
Oil and Gas Players Grow Pessimistic: Survey
VIVAnews - In the past months, a number of players in oil and gas industry viewed Indonesia as a promising country for oil and gas investment. However, the view has been altered, as concluded by PriceWaterhouseCoopers Indonesia (PwC) after a survey conducted over the companies which represent 68...
Fri, 21 May 2010
Target to Make Batam Special Zone Not Realized
TEMPO Interactive, Jakarta:The target to make Batam, Bintan, Karimun (BBK) into special economic zones has not been achieved. “It should have been realized in 2009, but the plan failed due to the global crisis,” said Trade Minister Mari Elka Pangestu at the World Expo press conference at the...
Fri, 21 May 2010
TSH to expand acreage in Indonesia
KUALA LUMPUR: TSH RESOURCES BHD is looking at expanding its PLANTATION acreage in Indonesia, and is currently scouting around the central and East Kalimantan regions for large tracts of land that are reasonably priced."We are looking for green fields.
Fri, 21 May 2010
RI, S'pore to jointly promote Batam free trade zone
The Indonesian and Singaporean governments have agreed to jointly promote the Batam, Bintan and Karimun (BBK) free trade zone, in Riau Islands province in a bid to lure more international investors.Trade Minister Mari Elka Pangestu said in Jakarta on Thursday that the partnership in the promotion...
Fri, 21 May 2010
How Indonesia should prepare for the AEC
The CAFTA (China-ASEAN Free Trade Agreement) is widely opposed in Indonesia because there are strong fears here that Chinese products will severely damage the country’s economy. But as the implementation of the ASEAN Economic Community (AEC) is only five years away,we need to start paying it the...
Fri, 21 May 2010
European Crisis to Threaten Indonesia by 2011
VIVAnews - Sri Mulyani Indrawati assumed the economic crisis in Europe may threaten economic threat to Indonesia in 2011.This is considering the progress of debt crisis in several countries in the continent.
Fri, 21 May 2010
Indonesia determines to improve record on intellectual rights
JAKARTA, May 20 (Xinhua) Indonesia has set a target to exit by October this year from the priority watch list of intellectual property rights violators, set by the United States Trade Representatives (USTR), a government official said Thursday.
Fri, 21 May 2010
Beijing businessman to run hotels in Maluku
Ambon (ANTARA News) - A Beijing investor is interested in running hotels in Maluku which has many interested tourist objects and destinations, and build a star-rated hotel in there.He told the head of the Maluku investment coordination agency (BKPMD) Rahman Soumena here Thursday that the foreign...
Thu, 20 May 2010
Rising Indonesia
Few people in India are aware that India and Indonesia are geographically contiguous, sharing a settled maritime boundary. The last island in the Andaman and Nicobar chain is only 80 kilometres from the first island of the Indonesian archipelago.
Thu, 20 May 2010
Counterfeits Cost Indonesia $4 Billion Annually: Study
Indonesia is awash with counterfeit products, with losses in various sectors of the economy estimated at Rp 37 trillion ($4 billion) a year, according to a new study by the University of Indonesia and the Indonesian Anti-Counterfeiting Society.
Thu, 20 May 2010
Provincial govt set to receive relocated Chinese industries
Jakarta (ANTARA News) - The Palu city administration, Central Sulawesi, expressed readiness to accept the relocation of Chinese medium-sized industrial enterprises in the next five years."We have already started land procurement in stages for the Chinese investment in the next five years.
Wed, 19 May 2010
Indonesia Intends to Become Halal Products centre
TEMPO Interactive, Jakarta:Indonesia intends to become the halal products and services centre of the world.The market and cultural potential on this is quite large.“There is a big market demand for halal products.
Wed, 19 May 2010
Govt to Build Gas-Based Economy
The government will issue policies that will prop up the domestic consumption system.VIVAnews - Indonesian Vice President Boediono said the future potential which will support the economy lies on gas. Therefore, the Indonesian government will build gas-based economy.
Mon, 17 May 2010
Logistics Firm Has Pounced on Opportunities
With the increased pace of globalism and foreign investment opening markets in Asia, companies must be quick to establish a presence on the ground to seize the opportunities.Helping with this is Asian Tigers Lane Moving and Storage, a international logistics company that specializes in relocating...
Sun, 16 May 2010
Bali contributes 45 pct of forex from tourism
Denpasar, Bali (ANTARA News) - The Bali provincial administration contributed 45 percent of the foreign exchange of the Rp34 trillion earned from foreign tourists visiting Indonesia.Head of the Bali Tourism Service Ida Bagus Kadek Subhiku said here Friday Bali contributed to the national tourism...
Fri, 14 May 2010
Indonesian Trade with China Rises, Despite Fears of Tough Competition
When Chinese President Hu Jintao visits Indonesia May 17, the free-trade agreement between China and its neighbors in Southeast Asia will be a major topic of discussion. Some labor groups in Indonesia want the government to cancel the agreement.
Fri, 14 May 2010
Indonesia's Entertainment Tax World's Highest
From Jakarta GlobeBusinesses Not Amused By Tax Hikes on Entertainmentby Arientha PrimanitaProposed steep tax hikes on the cost of entertainment in Jakarta - including cinemas, high-end nightclubs and spas - have left many business operators in the capital warning of a potential economic disaster...
Wed, 12 May 2010
Indonesia's Entertainment Tax World's Highest
VIVAnews - The government is viewed by many as having too much ambition in increasing the income of the provincial governments by rising taxes. Entertainment tax, which is expected to go up by 75 percent, is seen by many as an effort to bring down tourism.
Wed, 12 May 2010
Indonesian businesses ask for delaying FTA with India
JAKARTA, May 12 (Xinhua) -- Indonesia's business associations asked the government to delay the implementation of ASEAN-India Free Trade Agreement (AIFTA) in the country scheduled to take in to effect on June 1 this year due to various reasons, local media reported on Wednesday.
Wed, 12 May 2010
Indonesia develops production of plantation-based lubricants
I think there's a JC marketing opportunity here: branded tubes of lube sawit
Wed, 12 May 2010
Bakrie Invests $100m for Broadband Launch
PT Bakrie Telecom is spending $100 million this year to fund its entry into the wireless broadband market through newly established subsidiary PT Bakrie Connectivity, an executive at the parent company said on Tuesday.
Wed, 12 May 2010
Investors to Get $3b Project Guarantee
State-owned PT Penjaminan Infrastructure Indonesia, which protects infrastructure investors against losses caused by bad policy, can guarantee up to Rp 26 trillion ($2.9 billion) of projects after it secured $500 million of support from the World Bank on Tuesday.
Wed, 12 May 2010
Yudhoyono Demand a Five Year Financial Plan Before Sri Mulyani Leaves
TEMPO Interactive, Jakarta: President Susilo bambang yudhoyono has ordered the outgoing Finance Minister Sri Mulyani to prepare a precise financial and budget plans for the next four years until 2014, that will facilitate sustainable taxation reform, government programs, and debt management until...
Wed, 12 May 2010
Indonesia develops production of plantation-based lubricants
JAKARTA, May 11 (Xinhua) -- The Indonesian government agencies have started researches to produce lubricant that uses oils processed from palms and castor in a bid to reduce dependence to fossil-based resources and address the environmental issue,local media reported Tuesday.
Tue, 11 May 2010
Investors should look beyond China
With the world transfixed by the growing economic importance of China, SooHai Lim, manager of the Baring ASEAN Frontier Fund, warns that investors only focused on this country could be missing many promising opportunities elsewhere in Asia.
Tue, 11 May 2010
House inspects infrastructure projects in W Sumatra
Padang (ANTARA News) - Members of Commission V of the House of Representatives made a working visit to West Sumatra for an inspection of infrastructure construction activities and for a close look at site of the landslide at Anai Vallue on the Padang-Bukittinggi highway.
Tue, 11 May 2010
Indonesia to cut meat imports by 10 pct per year
Mataram, W Nusa Tenggara (ANTARA News) - The government is trying to cut meat imports by 10 percent per year until the country achieves meat self-sufficiency in 2014, an Agriculture Ministry official said.