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Sat, 11 Nov 2006
India's Bajaj makes debut in RI market
Originally posted by: Orang KanadaHave any pictures of the new bike? clearly a "motor cowok" rather than the ubiquitous 'motor bebek' so popular in indonesia ...
Sat, 11 Nov 2006
Govt to produce 800,000 gas stoves in 2007
Jakarta (ANTARA News) - The Indonesian government through the Ministry of Cooperatives and Small/Medium Enterprises will produce 800,000 gas stoves early in 2007, a member of cabinet said."We have a program to double the production of gas stoves 800,000 early in 2007 because the production of...
Sat, 11 Nov 2006
Bank Permata denies plan for layoff
Jakarta (ANTARA News) - Publicly-listed Bank Permata on Friday denied a report that it would lay off some of its employees for productivity reasons.It was too early for the bank to come to a decision to cut its personnel in order to improve its performance, the bank`s vice president, Imam Teguh...
Sat, 11 Nov 2006
Japan to return to RI as main investment destination
Osaka (ANTARA News) - The Indonesian government hopes Japanese businessmen and and their government would again make Indonesia their overseas priority investment destination following a plan to sign Economic Partnership Agreements later this month, a senior diplomat said.
Sat, 11 Nov 2006
Indonesian 3rd quarter GDP to surpass 2nd quarter
Jakarta (ANTARA News) - Coordinating Minister for the Economy Budiono said he expects a pickup in economic growth in the third quarter, supported by an ongoing decline in domestic interest rates.GDP data for the three months to September is scheduled to be announced next week"I expect third quarter...
Sat, 11 Nov 2006
Standard Oil Price Remains
TEMPO Interactive, Jakarta: The government will not alter the fuel oil and subsidized fuel oil prices until the second half of 2007. “For now until June 2007, we will use the same standard,” said Finance Minister Sri Mulyani in Jakarta yesterday (9/11).
Sat, 11 Nov 2006
Siemens to set up 3G/W-CDMA network for Telkomsel
Siemens Communications Group has been awarded a contract to set up a 3G/W-CDMA network for Telkomsel, one of the country's major mobile communications network operators.Siemens Communications Indonesia said Thursday that the 3-year framework agreement between Siemens and Telkomsel foresaw the...
Sat, 11 Nov 2006
India's Bajaj makes debut in RI market
Bajaj Auto, the second Indian motorcycle manufacturer to have entered Indonesia, officially launched its Pulsar sporty-look motorcycle in Jakarta on Thursday, marking the company's debut in the country's growing motorcycle market.
Sat, 11 Nov 2006
Japan eyes FTA breakthrough with Indonesia
Tokyo (ANTARA News) - Japan said Thursday it hoped to reach an outline deal on a free trade agreement with Indonesia later this month in time for President Susilo Bambang Yudhoyono's visit to Tokyo."Japan wants to advance the negotiations on the economic partnership with Indonesia towards the visit...
Sat, 11 Nov 2006
Retail Business Not Yet Prospective
TEMPO Interactive, Jakarta: Retail industry activities until next year are regarded as not yet prospective because consumers’ purchasing power is still weak.The retail business is still categorized as a business of high costs and low profits.
Fri, 10 Nov 2006
Retail Business Not Yet Prospective
TEMPO Interactive, Jakarta: Retail industry activities until next year are regarded as not yet prospective because consumers’ purchasing power is still weak.The retail business is still categorized as a business of high costs and low profits.
Fri, 10 Nov 2006
The collapse of East Kalimantan-Java gas pipeline
The US$1.25 billion East Kalimantan-Java gas pipeline project handled by PT Bakrie Brothers Tbk is apparently on the verge of collapse after energy minister Purnomo Yusgiantoro declared the project is not feasible, Kompas reported. The very same minister initially endorsed the project.
Fri, 10 Nov 2006
Consumer confidence index rises to 14-month high
Jakarta (ANTARA News) - Indonesia's consumer confidence index rose to 98.1 points in October, its highest mark in 14 months, up from 96.1 points in September, a central bank survey showed Wednesday.The confidence index, which indicates respondents' optimism about the economy, last stood above 100...
Thu, 09 Nov 2006
Minister asks Contractors to be more professional
Jakarta (ANTARA News) - Public Works Minister Djoko Kirmanto has asked major contractors grouped in the Indonesian Contractors` Association (AKI) to be more professional by improving their competence and competitiveness.
Thu, 09 Nov 2006
President Interested in De Soto's Idea
TEMPO Interactive, Jakarta: President SBY has stated that he was interested in Hernando de Soto's “recipe” for improving the well-being of poor people.In his meeting with the President yesterday, the renown Peruvian economist set forth the significance of providing poor people or informal...
Thu, 09 Nov 2006
Indonesia still considered corrupt despite graft war
Originally posted by: Orang KanadaYou know it... Silver Bird = wealthy passenger = police want a bribe... oh poor you Kanada, but trust me if you go with me, no police will bribe you
Thu, 09 Nov 2006
Indonesia still considered corrupt despite graft war
You know it... Silver Bird = wealthy passenger = police want a bribe...
Thu, 09 Nov 2006
RI becomes Microsoft's biggest growth market in SE Asia
Indonesia has overtaken the Philippines as world-software-giant Microsoft's most rapidly growing market in Southeast Asia thanks to a surge in the sales of the company's antivirus products here.Microsoft Indonesia executive Adrian Anwar said Tuesday in Jakarta that sales of antivirus products in...
Thu, 09 Nov 2006
Indonesia's Mobile-8 IPO looks expensive
Jakarta (ANTARA News) - PT Mobile-8's indicative price range of 200-240 rupiah per share for its planned initial public offering (IPO) of 3.9 bln shares is "expensive" compared to its telecom peers, brokerage firm UOB Kay Hian said.The IPO is slated for Nov 22-24.
Wed, 08 Nov 2006
Government Prioritizes Investment at Border Areas
TEMPO Interactive, Jakarta: The government prioritizes the increase of investment at border areas in Eastern Indonesia. This program is being carried out through sub-regional economic cooperation with Brunei Darussalam, the Philippines and Malaysia.
Wed, 08 Nov 2006
Indonesia, Japan foucus investment on four sectors
Jakarta (ANTARA News) - The Indonesia-Japan Joint forum has agreed to increase Japanese private investment in Indonesia with priority to four industries, namely the electronics, automotive, textile/clothing and support industries.
Wed, 08 Nov 2006
Dekopin against foreign involvement in plantations
Jakarta (ANTARA News) - The Indonesian Cooperatives Council (Dekopin) rejects foreign investors` involvement in the development of oil palm, castor oil and other plantations in Indonesia to avoid foreign domination of land cultivation in the country.
Wed, 08 Nov 2006
BI pays close attention to possible capital outflow
Jakarta (ANTARA News) - Bank Indonesia (BI) would continue paying close attention to market developments to anticipate capital outflow following the central bank rate`s further decline to 10.25 percent, an official said.
Wed, 08 Nov 2006
Local franchises expanding quickly
Nowadays, franchising is no longer synonymous with overseas brands.In fact, there is an increasing number of local players using franchising to expand their businesses. Indeed, a number of indicators show that the expansion of local franchise businesses is exceeding that of their foreign...
Wed, 08 Nov 2006
Inco’s 3Q Net Profit $124.6m Vs $62.4m
PT International Nickel Indonesia (Inco) said Monday (30/10/06) its net profit nearly doubled to $124.6 million in the third quarter of the year from $62.4 million a year earlier due to higher nickel prices.Sales during the July to September period rose to $307.6 million from $219.
Wed, 08 Nov 2006
Telkom’s Q3 Net Profit Jumps
PT Telkom posted a better-than-expected 82% rise in quarterly net profit on Tuesday (31/10/06) on strong performance by its mobile unit, which is seen driving growth for the rest of the year, Reuters reported.Telkom, with a market capitalization of about $18 billion, booked a net profit of Rp3.
Wed, 08 Nov 2006
Investors Reassured on Corruption, Red Tape
Indonesia sought to reassure investors attending a key infrastructure summit that the government is fighting hard to end corruption and slash red tape in the country.Hundreds of foreign and domestic investors attended the event at which 111 projects worth $19.
Wed, 08 Nov 2006
Infrastructure Conference ‘Positive’
The three-day infrastructure conference received a ‘positive response’ from international investors, Coordinating Minister for Economic Affairs Boediono said Thursday (2/11/06), the second day of the conference.
Wed, 08 Nov 2006
RI's fight against piracy pays off
Indonesia's efforts to protect intellectual property rights have finally borne fruit, as the U.S. Trade Representative (USTR) announced an upgrade of the country's status in the fight against piracy Monday.The Special 301 review, an annual process conducted by the U.S.
Wed, 08 Nov 2006
Minimum wage upped 10 percent in Jakarta
Ridwan Max Sijabat, The Jakarta Post, Soroako, South SulawesiRaising the legal minimum wage by around 10 and 15 percent in Jakarta and West Java will not be enough to improve conditions for low-income workers next year, unions say.
Wed, 08 Nov 2006
Local franchises expanding quickly
Nowadays, franchising is no longer synonymous with overseas brands.In fact, there is an increasing number of local players using franchising to expand their businesses. Indeed, a number of indicators show that the expansion of local franchise businesses is exceeding that of their foreign...
Wed, 08 Nov 2006
Indonesia still considered corrupt despite graft war
Corruption in Indonesia? NOOOOOO!!!!......... Here's what I learned about corruption in Jakarta; don't go around in a Silver Bird after 9pm! I know, it's just the tip of the iceberg...
Wed, 08 Nov 2006
Indonesia still considered corrupt despite graft war
Jakarta (ANTARA News) - Corruption is still seen as endemic in Indonesia despite a high profile war against graft, a new survey shows.The country ranks among the world's most corrupt nations despite President Susilo Bambang Yudhoyono's pledge to eradicate graft, Transparency International (TI) said...
Wed, 08 Nov 2006
Investors Only Interested in One Transportation Projec
TEMPO Interactive, Jakarta: Foreign investors are only interested in one out of all the projects that the Department of Transportation offered at the Indonesia Infrastructure Conference and Exhibition 2006 last week in Jakarta.
Wed, 08 Nov 2006
Telkom to Take Part in Fiber Optic Tender
TEMPO Interactive, Jakarta: PT Telekomunikasi Indonesia Tbk (Telkom) will take part in the fiber optic network construction tender valued at US$1.5 billion, or around Rp13.65 trillion, which will be offered in October of next year.
Tue, 07 Nov 2006
Indonesia 4th biggest air polluter
Amy Chew reporting from JakartaTHE massive fires from Indonesian peatland have resulted in the country being ranked the fourth largest emitter of greenhouse gases.It is ranked behind the United States, China and Russia, according to a report by international environmental groups.
Tue, 07 Nov 2006
RI removed from USTR`s IPR priority watch list
Jakarta (ANTARA News) - The Office of the United States Trade Representative (USTR) announced on Monday (Nov 6) it had moved Indonesia from its IPR (Intellectual Property Rights) Priority Watch List to its Watch List through its Special 301 review which examines the effectiveness of IPR protection...
Tue, 07 Nov 2006
SBY: Anti-smuggling efforts won't disrupt goods flow
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has instructed all officials at the customs and excise directorate general to always coordinate their anti-smuggling efforts with the headquarters of the country`s military, police and the Attorney General`s Office.
Tue, 07 Nov 2006
Pro-Investment Policy Still Doubted
TEMPO Interactive, Jakarta: Investors who attended the Indonesia Infrastructure Conference & Exhibition (IICE) 2006 remain doubtful over the government’s pro-investment policy.According to Hisnu Pawenang, Head of the Agency for Supervising Toll Roads (BJPT) at the Department of Public Works,...
Tue, 07 Nov 2006
Protests greet Batam's new port
At least a 100 people rallied to protest Batam's controversial new international port that opened Sunday because they feared the new facility would cost them their jobs.The director of sea transportation at the Transportation Ministry, Jimmy Nikijulu told The Jakarta Post said the ministry issued...
Tue, 07 Nov 2006
Mobile-8 sets IPO price range rp200-400
Jakarta (ANTARA News) - PT Bimantara Citra's unit PT Mobile-8 has set a price range of 200-240 rupiah per share for its planned initial public offering (IPO) of 3.9 bln shares, said Wishnu Handoyono, president of Bhakti Securities, the underwriter of the IPO.The IPO stock represents 19.
Mon, 06 Nov 2006
No target in Indonesia-Africa dialog except promoting Ba
Batam, Riau (ANTARA News) - The Indonesian Foreign Affairs Ministry has set no target in the Indonesian-African Partnership Dialogue (IAPD), except making the event an opportunity to introduce Batam in Riau province, an Indonesian official has said.
Mon, 06 Nov 2006
Batam promotes its investment excellence to Africa
Batam (ANTARA News) - The Indonesian-African Partnership Dialogue (IAPD) was used as an opportunity to promote Batam as a beneficial place for investment of African countries which are Indonesia`s non-traditional market.
Sun, 05 Nov 2006
Govt urged to quickly help ailing regional water co's
what's the concern with regional water companies?? just look at the appauling state of Jakarta's water supply companies! the Thames Water is bailing out of their local "joint venture", so to speak, after years of fruitless struggle against the city's bureaucrats and a community unwilling to pay...
Sun, 05 Nov 2006
Govt urged to quickly help ailing regional water co's
Jakarta (ANTARA News) - Some 100 of the 254 regional drinking water companies (PDAMs) existing in the country are ailing and the government should take quick remedial action to revitalize them, a legislator said here Saturday.
Sun, 05 Nov 2006
Hernando de Soto ready to serve as SBY's consultant
Jakarta (ANTARA News) - Peruvian economic thinker Hernando de Soto has expressed preparedness to be President Susilo Bambang Yudhoyono`s consultant on economic affairs if requested.De Soto has been a consultant to more than 35 state/government leaders, including former US President Bill Clinton and...
Sun, 05 Nov 2006
Indonesia woos investors for infrastructure plans
Published: November 1 2006 00:53 | Last updated: November 1 2006 00:53Indonesia is opening to investors up to 110 infrastructure projects valued at $16.5bn (€13bn, £8.7bn) in an attempt to invigorate its sluggish economic recovery after years of crisis and poor management that triggered a...
Sun, 05 Nov 2006
Investors want legal certainty before proceeding
After attending the three-day Infrastructure Conference and Exhibition 2006, investors say they are now eagerly waiting for the government to deliver on its promises of creating legal certainty for the hundreds of infrastructure projects it offered during the event.
Sat, 04 Nov 2006
Workers` standard minimum wage in Jakarta to be raised
Jakarta (ANTARA News) - The standard minimum wage for workers (UMP) in Jakarta will be raised by 9.95 percent next year from Rp819.100 to Rp900,560, the chief of the province`s manpower service, Rusdi Mochtar, said here on Friday."The new UMP will be implemented as of January 1, 2007," he said.