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Thu, 05 Jul 2007
Indonesia restricts foreign investment
I know SBY has a difficult job to do but the fact that one part of the government is aggressively seeking foreign investment while another part is trying to choke it goes to show how weak his leadership is at the moment.
Thu, 05 Jul 2007
Indonesia restricts foreign investment
Originally Posted By: riccardoHow can we shoot ourselves in the foot today? i suspect we are going to be hearing this expression an awful lot over the next weeks/months.
Thu, 05 Jul 2007
Indonesia restricts foreign investment
Every parliament or cabinet meeting must start with: How can we shoot ourselves in the foot today?Usually answered with some new rent-seeking policy. And they've done it again.
Thu, 05 Jul 2007
Government should not upset over lower tax receipts
Government should not upset over lower tax receiptsMedan (ANTARA News) - The government must not go "berserk" in responding to its decreased income from taxes because the decline is a consequence of the lingering economic crisis and the wretched mentality of its tax collecting personnel, an...
Thu, 05 Jul 2007
19 lines of business allowed in certain locations only
Jakarta (ANTARA News) - The government has decided that 19 lines of business are open to investment only in certain locations on the basis of regional administration regulations."This decision is not retroactively applicable, and applied to existing companies and to those whose operating license is...
Thu, 05 Jul 2007
43 lines of business for micro, small and medium businessmen
Jakarta (ANTARA News) - The government has declared 43 lines of business of micro, small and medium entrepreneurs under presidential regulation No 77/2007 closed and open with certain requirements."In addition to lines of business for micro, small and medium intrepreneurs, there is a part of the...
Thu, 05 Jul 2007
Indonesia restricts foreign ownership in booming telcom sector
JAKARTA(AP): Indonesia has set limits on the foreignownership of companies in several sectors it says are key to national security, including cellular and fixed line telecommunications firms, the country's trade minister said Wednesday.
Thu, 05 Jul 2007
New negative investment list 'treading water'
The government has issued its latest so-called negative investment list, which sets out a more comprehensive description of which business sectors are closed to foreign investors.The new list, required under the recently enacted Investment Law, governs a total of 338 business sectors, of which...
Thu, 05 Jul 2007
Indonesia restricts foreign investment
Published: July 4 2007 17:42 | Last updated: July 4 2007 17:42Indonesia on Wednesday announced a 49 per cent foreign ownership cap on companies in sectors such as multimedia, ports, airports, and education.
Wed, 04 Jul 2007
Batam FTZ Considered Not Beneficial
TEMPO Interactive, Jakarta: The Change in Government Regulation (Perpu) No.1/2007, the basis of making Batam a free trade zone (FTZ), is regarded as causing the state to suffer a loss. The reason is, by this regulation, all goods that enter this zone will be free from duty, value-added-tax (VAT),...
Wed, 04 Jul 2007
Batam and Karimun to be fully included in the special economic zone
Batam (ANTARA News) - The government has decided to build Batam and Karimun into a full special economic zone, while Bintan will only be developed into an enclave, the head of the Capital Investment Coordinating Board, Muhammad Lutfi, said here on Tuesday.
Wed, 04 Jul 2007
Indonesia may lose US$444 mln annualy from EU flight ban
Jakarta (ANTARA News/Asia Pulse) - Indonesia will potentially suffer losses of Rp4 trillion (US$444 million) annually in tourism earnings if a plan to ban all local airlines from flying to the European Union (EU) is carried out, according to tour operators.
Wed, 04 Jul 2007
Economist warns govt against favoritism in drawing up DNI
Yoyakarta (ANTARA News) - University of Gajah Mada economist Dr Sri Adiningsih said the government should not show favoritims in selecting areas to be included in the Negative Investment List (DNI)."If the criteria for areas to be included in the DNI have been formulated, the government should be...
Tue, 03 Jul 2007
Entrepreneurs Want New Imported Milk Channel
TEMPO Interactive, Jakarta: Thomas Darmawan, Head of the Indonesian Food and Beverages Entrepreneurs Association, has said he considers that with the milk price increase, now is the right time to open import cooperation with other milk producing countries, in addition to old partners New Zealand...
Tue, 03 Jul 2007
Cosmetic Harmonization Puts Indonesia into Loss
TEMPO Interactive, Jakarta: Head of the Drug and Food Monitoring Agency (BPOM) Husniah Runiana Thamrin Akib is of the opinion that harmonization of cosmetics at the level of Southeast Asian countries tends to cause a loss for Indonesia.
Tue, 03 Jul 2007
Batam FTZ Considered Not Beneficial
TEMPO Interactive, Jakarta: The Change in Government Regulation (Perpu) No.1/2007, the basis of making Batam a free trade zone (FTZ), is regarded as causing the state to suffer a loss. The reason is, by this regulation, all goods that enter this zone will be free from duty, value-added-tax (VAT),...
Tue, 03 Jul 2007
Bakrieland Expands CBD Land Bank
oh those honest Bakrie boys know how to make a deal. It would be nice to see this lot get what they deserve wouldn't it!
Mon, 02 Jul 2007
Jatropha Oil for China Market
Indonesia has plans to expand its area under jatropha cultivation to 1 million hectares, producing roughly around 2.3 million tons of crude jatropha oil annually and is targeting China as a key market, Dow Jones Newswires quoted deputy minister for the development of disadvantaged regions, Tatang...
Mon, 02 Jul 2007
Bakrieland Expands CBD Land Bank
Property developer PT Bakrieland Development said it has bought an additional 8.8 hectares of land in the Rasuna Said business district in South Jakarta, raising its total land ownership in the area to 53.5 hectares, Thomson Financial reported.
Mon, 02 Jul 2007
Australia, Indonesia Consider Trade Deal
Australia and Indonesia are considering a feasibility study into a Free Trade Agreement (FTA) as a way to boost trade between the two countries.Australian Trade Minister Warren Truss warned any deal would be at least two years off.
Mon, 02 Jul 2007
Incitec Mulls Investment in Gasification Plant
Australia's largest fertilizer maker Incitec Pivot Ltd on Tuesday (26/6/07) signed a preliminary agreement with two Indonesian partners to look into the feasibility of investing in a gasification plant to convert coal into synthesized gas, Agence France-Presse reported.
Mon, 02 Jul 2007
Rajawali to Expand CPO, Coal Business
The Rajawali Group is planning to invest $400 million to expand its natural resources business, including bringing a coal mine on-line by the end of the year and more than doubling its oil palm plantations over the next five years, the company's chief executive said Thursday, Dow Jones Newswires...
Mon, 02 Jul 2007
Batam Gets Free Trade Zone Status
The government has decided to give the entire island of Batam in Riau Islands province free trade area status, Asia Pulse reported.Industry Minister Fahmi Idris said after a meeting of economics ministers on Friday (29/6/07) that the decision had been made to give legal certainty for investors in...
Mon, 02 Jul 2007
Non-Oil/Gas Exports to Grow 16% in 2008
The government expects the country's non-oil and -gas exports to grow by up to 16% next year, Trade Minister Mari Pangestu said on Monday (25/6/07), although she warned that performance would depend partly on global demand.
Mon, 02 Jul 2007
Sharp Jump in Project Approvals
The Investment Coordinating Board (BKPM) approved foreign direct investment proposals worth $21.99 billion during the five months to May, up fivefold from a year ago, a senior official of the agency said Friday (30/6/07).
Mon, 02 Jul 2007
Mobile-8 seeks greater market share, expands network coverage
Cellular operator PT Mobile-8 Telecom has gone nationwide to take on its competitors in Indonesia's growing mobile phone market, rolling out its "Fren" brand service outside Java in Medan, Makassar and Denpasar.
Mon, 02 Jul 2007
Negative investment list criticism is 'premature'
The upcoming Negative Investment List has infuriated some foreign investors, who fear they may lose some of their shares and have fewer options for further investment.The list, which should be approved by President Susilo Bambang Yudhoyono in the next two to three weeks, is expected to impose more...
Mon, 02 Jul 2007
ASITA optimistic tourist arrival projection will be met
Medan (ANTARA News) - The Indonesian Tour and Travel Agencies Association (ASITA) is optimistic that this year`s foreign tourist arrival projection at six million would be met following an improved security situation in the country.
Mon, 02 Jul 2007
Ban on RI airlines to EU deals blow to tourism sector
He don't fly Indonesian airlines, so he's not worried. But some folk are miffed:EU`s flight ban begins showing impact on IndonesiaBy Andi Abdussalam07/02/07 00:54Jakarta (ANTARA News) - Indonesia begins to feel the impact of the European Commission`s plan to ban Indonesian airline companies from...
Sun, 01 Jul 2007
Ban on RI airlines to EU deals blow to tourism sector
While Australia, often fond of kowtowing to demonstrate its keen understanding of Javanese mateship values, seems to have already forgotten this year's Garuda crash in Yogya:AAP -- Garuda to remain in Australian airspaceIndonesia's national carrier Garuda Airlines will continue to fly in Australian...
Sat, 30 Jun 2007
Ban on RI airlines to EU deals blow to tourism sector
Originally Posted By: DilliWhat a heap of crap! How many of the airlines concerned can travel that far anyway. it's the domestic and short haul routes that are going to be hit, especially those connecting flights to places like bali.
Sat, 30 Jun 2007
Ban on RI airlines to EU deals blow to tourism sector
What a heap of crap! How many of the airlines concerned can travel that far anyway.
Sat, 30 Jun 2007
Ban on RI airlines to EU deals blow to tourism sector
Makassar (ANTARA News) - The European Commission`s plan to ban all 51 Indonesian airlines from flying to Europe will deal a major blow to the tourism sector as the region is the traditional market for the Indonesian tourism, an executive said.
Fri, 29 Jun 2007
Moody's gives thumbs up to RI economy
The chances of a rating upgrade are looking good for Indonesia, with Moody's Investor Service citing ongoing improvements in the macroeconomic situation and fiscal position, all of which are impacting favorably on the country's creditworthiness.
Fri, 29 Jun 2007
Govt planning to build 33,000 more solar power generators
Jakarta (ANTARA News) - The Indonesian government is planning to build 33,000 more solar power generators for 33,000 households living in remote areas, an Energy and Mineral Resources Ministry official said.
Thu, 28 Jun 2007
Indonesia Pushes Automotive Market to Australia
TEMPO Interactive, Jakarta: Indonesia will push the automotive market in free trade area (FTA) cooperation with Australia.The automotive sector is being pushed in order to reduce the trade deficit with Australia, which totals US$1 billion.
Thu, 28 Jun 2007
Infrastructure 'still a problem' for RI
The government has made substantial progress in establishing a policy framework for the Public-Private Partnership (PPP) initiative, but is not doing enough to advance it, an EU-Indonesia Infrastructure Forum has concluded.
Thu, 28 Jun 2007
Oz fertilizer firm eyes Aceh investment
Leading Australian fertilizer firm Incitec Pivot Ltd. (IPL) agreed Tuesday with two Indonesian partners to conduct a joint feasibility study on building a plant to supply three fertilizer plants in Aceh with feedstock, electricity and steam.
Thu, 28 Jun 2007
German investor interested in setting up seaweed-based industry
Manado (ANTARA News) - A German investor is interested in setting up an industry to produce high quality seaweed-based products like toothpaste, wine and ointment, a marine affairs official said."The investor also plans to cultivate seaweek," marine resources and fishery minister`s expert staff...
Wed, 27 Jun 2007
RI urged to get rid of fuel subsidies
Indonesia needs to stop subsidizing the sale of oil-based fuels and gas on the domestic market in order to make it more attractive to investors, the government has been told.The president of the International Energy Agency (IEA), Leonard L.
Wed, 27 Jun 2007
Negative Investment List disadvantageous to RI: EU envoy
Jakarta (ANTARA News) - European Union (EU) Ambassador to Indonesia Jean Breteche said the Negative Investment List (DNI) now being prepared by the government would disadvatage Indonesia because it restricted the entry of foreign investment."If over protected, Indonesia will become a closed state.
Wed, 27 Jun 2007
Massive Australian investment in Indonesia hinges on law change
Jakarta (ANTARA News) - Billions of dollars of Australian investment to Indonesia hinges on new legislation being passed through Indonesia's parliament, Australia's trade minister said during a visit here Tuesday.Trade Minister Warren Truss said that about 2.
Tue, 26 Jun 2007
Travel warning could harm business ties: Indonesia
Originally Posted By: ReutersIndonesian Trade Minister Mari Pangestu has met his Australian counterpart, Warren Truss, to flag her concerns.He? Mari Pangestu is SO OFTEN in Australia - visiting her son who attends Geelong Grammar School - that perhaps she could directly tell Australians not...
Tue, 26 Jun 2007
Indonesia hopes to attract Chinese visitors to Bali
The absence of a direct flight between China and the Indonesian famous resort island of Bali has hampered the government's effort to boost arrivals from China, an official said Monday.Flag carrier Garuda Indonesia serves routes to Chinese cities but has no direct flight between China and Bali as...
Tue, 26 Jun 2007
Indonesia welcomes foreign investment in petrochemical industry
Indonesia welcomes foreign investment in petrochemical industryMuhammad Lutfi, chairman of Indonesia's Investing Coordinating Board, said here Monday that foreign investors would be particularly welcome in the area of downstream value-adding derivatives in the petrochemical industry.
Tue, 26 Jun 2007
Indonesia and Australia to study possibility of free trade agreement
Following a recommendation from a joint expert group consisting of prominent business figures and academics from Indonesia and Australia, the two countries appear likely to now conduct a feasibility study on a free trade agreement (FTA).
Tue, 26 Jun 2007
Rajawali group to invest U$300 M - U$430 M in plantation, mining sector
Jakarta (ANTARA News) - Rajawali Corporation Group is to invest US$300 million - US$400 milion in the plantation and mining sectors after calling off its bid to become a strategic investor in national flag-carrier PT Garuda Indonesia, a spokesman said.
Tue, 26 Jun 2007
Travel warning could harm business ties: Indonesia
Indonesia has urged Australia to lift a travel advisory on the country, saying it could hamper commercial ties between the two countries at a time when they are trying to hammer out a free trade pact.The Federal Government has cautioned Australians about travelling to Indonesia, including Bali, due...
Mon, 25 Jun 2007
Shoemakers to Invest $31.8 M
Twenty-two shoe manufacturers plan to invest $31.8 million in Indonesia this year, an official said, according to Asia Pulse.Twenty of the investors are foreign companies from China, South Korea and Taiwan, director of multifarious industries at the industry ministry Nugraha Sukmawijaya said.
Mon, 25 Jun 2007
Indofood Agri to Spend $215m on Expansion
PT Indofood Agri-Resources, the plantation arm of conglomerate PT Indofood, will invest up to $215 million to boost its oil palm plantations and crude palm oil (CPO) refining capacity in the next two years.