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Mon, 09 Oct 2006
BHP to start production in Haju Block next year
BHP to start production in Haju Block next yearBenget Simbolon Tnb., The Jakarta Post, JakartaPT BHP Biliton will start coal mining at the Haju block in Central Kalimantan next year, with initial production expected to be about 700,000 tons per year.
Fri, 06 Oct 2006
BI rate cut seen as positive sentiment for property business
BI rate cut seen as positive sentiment for property businessJakarta (ANTARA News) - Developers consider Bank Indonesia`s decision to lower its rate by 50 base points to 10.75 percent to be a positive sentiment for developemnt of the national property business, an industry spokesman said.
Fri, 06 Oct 2006
Government Optimistic that Growth of Exports Reach 17 Percent
Government Optimistic that Growth of Exports Reach 17 PercentFriday, 06 October, 2006 | 14:26 WIBTEMPO Interactive, Jakarta: The government is optimistic that by the end of year export growth will reach 17 percent.
Fri, 06 Oct 2006
Not Many Investors for Four Electric Projects
Not Many Investors for Four Electric ProjectsThursday, 05 October, 2006 | 16:12 WIBTEMPO Interactive, Jakarta: Four out of 10 electric projects are being re-tendered because only two investors are interested.
Fri, 06 Oct 2006
Bureaucracy Hinders Growth of Credit
Bureaucracy Hinders Growth of CreditThursday, 05 October, 2006 | 15:48 WIBTEMPO Interactive, Jakarta: The government has been asked to improve the system of bureaucracy which is related to the business world.
Wed, 04 Oct 2006
Piracy cripples local software makers
Piracy in local software makers? It's the same with music and cinema... And as far as I know, those branch of industry don't have any kind of financal support in Indonesia. Dubbing music is killing music, a wise man said.
Wed, 04 Oct 2006
Piracy cripples local software makers
Piracy cripples local software makersAndi Haswidi, The Jakarta Post, JakartaIndonesia currently holds the dubious honor of having the world's third-most flourishing piracy industry. This seems to be a situation that is unlikely to change, until the true economic consequences of piracy are felt.
Wed, 04 Oct 2006
Indonesia needs to rely more on domestic market: Rabobank
Indonesia needs to rely more on domestic market: RabobankAndi Haswidi, The Jakarta Post, JakartaAs global demand for Indonesian products decreases in 2007 in line with a predicted slowdown in the world's economy, the country's domestic market will become more important, a Rabobank study says.
Tue, 03 Oct 2006
India's TVS makes Indonesia production base in SE Asia
India's TVS makes Indonesia production base in SE Asia Indian motorcycle producer TVS Motor Company has vowed to make Indonesia as its production base in Southeast Asia, with production set to begin in early 2007, a local newspaper reported Tuesday.Having invested 43 million U.S.
Tue, 03 Oct 2006
BI: Foreign or Local Banks May Acquire Small Banks
BI: Foreign or Local Banks May Acquire Small BanksTuesday, 03 October, 2006 | 15:12 WIBTEMPO Interactive, Jakarta: Bank Indonesia will not discriminate against local or foreign bankers in terms of buying small banks.“We can’t make a difference between (foreign or local banks).
Tue, 03 Oct 2006
Public Can Own Mining Stocks
Public Can Own Mining StocksTuesday, 03 October, 2006 | 16:44 WIBTEMPO Interactive, Jakarta: The government is exploring the plan of selling the shares of Indonesian Resources Company to the public.Roes Aryawijaya, Deputy State Enterprises Minister, explained the government will combine share...
Tue, 03 Oct 2006
Banks ready to disburse Yogyakarta reconstruction fund
Banks ready to disburse Yogyakarta reconstruction fundYogyakarta (ANTARA News) - Some banks in Yogyakarta special province were ready to channel the first batch of reconstruction program fund to Seloharjo village in Pundong subdistrict in Bantul district which was severely hit by earthquake last...
Tue, 03 Oct 2006
It's time for Indonesia to focus on the economy
It's time for Indonesia to focus on the economyA'an Suryana, College Park, MarylandVice President Jusuf Kalla shared good news about the country with the American public during his recent visit to the United States: Indonesia, which was once beleaguered by economic and political crises, is now...
Tue, 03 Oct 2006
Gap, Banana Republic stores to open in Indonesia
Gap, Banana Republic stores to open in IndonesiaSingapore (ANTARA News) - Singapore's FJ Benjamin, a franchise partner of US specialty retailer Gap Inc, said Tuesday it plans to open 15 Gap, BabyGap and GapKids stores and five Banana Republic stores in Indonesia by 2011.
Tue, 03 Oct 2006
Indonesian construction shares up on hopes of more contracts
Indonesian construction shares up on hopes of more contractsJakarta (ANTARA News) - Construction companies' shares were higher in mid morning trade as investors expect a pickup in contracts in the fourth quarter given the government's stated intention to speed up its infrastructure rollout plans in...
Tue, 03 Oct 2006
RI exports show record growth
RI exports show record growthAndi Haswidi, The Jakarta Post, JakartaHigh global demand for non-oil and gas commodities, including crude palm oil, coal and rubber, has once again helped the country's total exports reach a record growth level.
Tue, 03 Oct 2006
3G smartphones pack in the features
3G smartphones pack in the featuresZatni Arbi, Contributor, JakartaThe new 3G W-CDMA cellphone technology is now available in a growing number of areas throughout the world, including, after some waiting, Indonesia. But not everywhere in the country.
Tue, 03 Oct 2006
Gap expands F J Benjamin Holdings relationship to Indonesia
Gap expands F J Benjamin Holdings relationship to IndonesiaSAN FRANCISCO (MarketWatch) -- Gap Inc. (GPS :The Gap, Inc.) Monday evening said it has expanded its relationship with F J Benjamin Holdings Ltd. to include Indonesia.
Tue, 03 Oct 2006
Banking industry needs strong medicine: BI
Banking industry needs strong medicine: BIThe Jakarta Post, JakartaComplying with the Basel II international best banking practices on minimum capital requirements and risk management is the strong medicine the industry needs to take if the system is to gain soundness, the central bank says.
Tue, 03 Oct 2006
Mobile-8 plans to sell 19.91 pct stake in IPO
Mobile-8 plans to sell 19.91 pct stake in IPOJakarta (ANTARA News) - PT Mobile-8 Telecom, a CDMA-based mobile phone operator, said it plans to sell 3.9 bln shares or 19.91 pct of its enlarged capital through an initial public offering and has yet to fix the IPO price.
Tue, 03 Oct 2006
Investors Anticipate Decrease in BI Rate
Investors Anticipate Decrease in BI RateMonday, 02 October, 2006 | 20:18 WIBTEMPO Interactive, Jakarta: Analysts are predicting that investors will focus on company shares that will gain positive impacts due to the planned decrease of the Bank Indonesia (BI) RateThe analysts are convinced that the...
Tue, 03 Oct 2006
Govt should not worry about capital flight, says observer
Govt should not worry about capital flight, says observerJakarta (ANTARA News) - The Indonesian government should not worry about foreign capital flight as many factors in Inonesia were still attractive to foreign investors, an observer said.
Tue, 03 Oct 2006
BPS: inflation in October to drop below two digits
BPS; inflation in October to drop below two digitsJakarta (ANTARA News) - The Central Bureau of Statistics (BPS) predicts year-on-year inflation in October will drop below two digits after reaching 14.55 percent in September.
Mon, 02 Oct 2006
Bali has a better name and image than the Caribbean: Bvlgari
I seem to remember that Bulgari paid fay weldon a stackload to product place in her novel a while back? " Family businesses are common in Italy. But probably there are more in Indonesia."aha!Got it!We have a nasty spraytannesque versace resort in brisvegas or the gold coast somewhere-palazzo...
Mon, 02 Oct 2006
Bali has a better name and image than the Caribbean: Bvlgari
Bali has a better name and image than the Caribbean: Bvlgari Alvin D. Soedarjo, The Jakarta Post, Uluwatu, BaliThe Bvlgari brand has come a long way since its inception in 1884. Founded by Greek emigrant Sotirio Bvlgari as a jewelry business, the company, which is based in Rome, Italy, has expanded...
Mon, 02 Oct 2006
Indonesia must push pace of reform or get left behind by other countries
Indonesia must push pace of reform or get left behind by other countriesDavid O'Brien, JakartaThe issue of continued slow recovery of the Indonesian economy and in particular the perception of Indonesia as a suitable investment destination has again hit the spotlight.
Mon, 02 Oct 2006
Wide gap persists between macro and micro-economy
Wide gap persists between macro and micro-economyUmar Juoro, JakartaMacroeconomic stability has gradually been restored after the shock of the fuel hikes in October 2005. Inflation, at least on a month-to-month basis has been showing a declining trend, even though on a year-on-year basis it remains...
Mon, 02 Oct 2006
Adhi Karya higher on Saudi Arabia projects news
Adhi Karya higher on Saudi Arabia projects newsJakarta (ANTARA News) - State-construction firm PT Adhi Karya was sharply higher in active early trade on news that it has signed a memorandum of understanding with the Bin Ladin group of Saudi Arabia to construct monorail and other transport projects...
Sat, 30 Sep 2006
RI, Qatar to set up $1 billion trust fund
RI, Qatar to set up $1 billion trust fundThe Jakarta Post, Jakarta PostThe Indonesian and Qatar governments have signed a memorandum of understanding (MoU) for the establishment of a trust fund that will provide investment funds of up to US$1 billion for infrastructure projects in Indonesia.
Sat, 30 Sep 2006
Kalla satisfied with US visit
I guess they couldn't find a copy editor/proofreader. Gracious sakes, that is an embarrassment. This is really an issue that most folks in RI do not seem to understand or see the importance of getting things right.
Sat, 30 Sep 2006
Kalla satisfied with US visit
Quote:Originally posted by KuKuKaChu: Cheney supports Indonesia to be the world’s biggest democracy country populated by Muslims. what a classic final paragraph!! must have been written by a former Jakarta Post journalist who moved to the GoI's PR office.
Sat, 30 Sep 2006
Kalla satisfied with US visit
KALLA WAS SATISFY WITH THE RESULTS OF HIS VISIT TO THE UNITED STATESVice President Jusuf Kalla Vice President Jusuf Kalla stated that he was satisfy and very optimistic with the result of his visit to the US and his meeting with the Vice President of the US Dick Cheney and the officials as well as...
Fri, 29 Sep 2006
Visa records almost 90% increase in card transactions
Visa records almost 90% increase in card transactionsAndi Haswidi, The Jakarta Post, JakartaIncreasing numbers of people appear to be moving away from cash and turning to plastic.Visa Indonesia announced Thursday that the total value of transactions made using Visa electronic cards grew by 89.
Fri, 29 Sep 2006
Govt wants quid pro quo for risk guarantees
Govt wants quid pro quo for risk guaranteesUrip Hudiono, The Jakarta Post, JakartaThe government, in return for agreeing to provide loan guarantees for major infrastructure projects, will expect investors to deliver the projects on time and to fulfill their output targets.
Fri, 29 Sep 2006
GE pinning high hopes on Indonesian economy
GE pinning high hopes on Indonesian economyBenget Simbolon Tnb., The Jakarta Post, JakartaDespite Indonesia having yet to fully recover from the financial crisis, and bedeviled by seemingly intractable problems with the legal system and bureaucracy, giant multinational General Electric still has...
Fri, 29 Sep 2006
Four private firms win CPO auction
Four private firms win CPO auctionJakarta (ANTARA News) - Four private companies have won a crude palm oil (CPO) sales bid which was held at the joint marketing office of PT Perkebunan Nusantara (PTPN) plantation company on Thursday, a PTPN official said.
Thu, 28 Sep 2006
Thames Water to sell stake in Indonesia's Thames PAM Jaya to Acuatico
Thames Water to sell stake in Indonesia's Thames PAM Jaya to AcuaticoJakarta (ANTARA News) - PT Thames PAM Jaya (TPJ) said in a statement that its major shareholder, U.K.-based firm Thames Water Plc, has agreed to sell its entire 95 pct stake in the joint venture to Acuatico Pte Ltd for an...
Thu, 28 Sep 2006
House wants SOEs to pay more dividends
House wants SOEs to pay more dividendsUrip Hudiono, The Jakarta Post, JakartaThe House of Representatives has asked the government to up its efforts to increase budget revenues from state companies, and ensure higher dividend payments next year.
Thu, 28 Sep 2006
Indonesia's data storage market still wide open
Indonesia's data storage market still wide openAndi Haswidi, The Jakarta Post, JakartaDemand for data storage systems around the world will continue to increase, according to top data solutions provider Hitachi Data System, which also says that Indonesia has the fifth highest growth in Asia in the...
Thu, 28 Sep 2006
Big Friend, Small News
Big Friend, Small NewsSeptember, 28 2006 @ 10:07 amRoy TupaiVice President Jusuf Kalla boasts that his US visit will bring major benefits to the Indonesian people. Indeed? US State Secretary Condoleezza Rice hailed Indonesia as a "great friend", but apart from that, US officials have so far said...
Thu, 28 Sep 2006
Singapore visitor arrivals higher in August, led by Indonesians
Singapore visitor arrivals higher in August, led by IndonesiansSingapore (ANTARA News) - Singapore's visitor arrivals in August rose 7.2 percent from the same month last year to reach 870,000, the city-state's tourism board said Wednesday.
Thu, 28 Sep 2006
Bank BRI to allocate Rp13 trillion for biofuel plantation program
Bank BRI to allocate Rp13 trillion for biofuel plantation programJakarta (ANTARA News) - Publicly-listed Bank BRI will finance a biofuel plantation program with Rp13 trillion in the second semester of 2006 after the national bank allocated Rp6 trillion to Rp7 trillion for the scheme in the first...
Wed, 27 Sep 2006
Exxonmobil, Pertamina urged to expedite explorations
Kalla at his best! You cannot explore if you dont have rigs, and to be honest with you, there are currently not many available (in the world!) Duh..homework time again Jusuf....or maybe he's just been watching too many movies.
Wed, 27 Sep 2006
Honda to boost motorcycle production in SE Asia
Honda to boost motorcycle production in SE AsiaTokyo (ANTARA News) - Honda Motor Co Ltd plans to boost production of 100cc- to 150cc-class motorcycles in Southeast Asia and South America to raise global sales to 18 mln units by 2010, up some 50 pct from 2005, the Nihon Keizai Shimbun reported,...
Wed, 27 Sep 2006
Rupiah`s weakening no reason for worry, says BI executive
Rupiah`s weakening no reason for worry, says BI executiveJakarta (ANTARA News) - Bank Indonesia (BI) Deputy Senior Governor Miranda S Goeltom said there was no reason to worry about the current weakening of the rupiah`s exchange rate against the US dollar as it was only a temporary developent.
Wed, 27 Sep 2006
Exxonmobil, Pertamina urged to expedite explorations
Exxonmobil, Pertamina urged to expedite explorationsWashington DC (ANTARA News) - The Indonesian government has urged ExxonMobil and state-owned oil and gas company PT Pertamina to expedite gas and oil explorations for mutual benfit although their production schedule would only commenece in 2009.
Wed, 27 Sep 2006
President Asking Infrastructure Project to be Accelerated
President Asking Infrastructure Project to be AcceleratedTuesday, 26 September, 2006 | 16:01 WIBTEMPO Interactive, Jakarta: President Susilo Bambang Yudhoyono is asking that the implementation of the infrastructure project be accelerated.
Tue, 26 Sep 2006
Indosat Passes 3G Test
Indosat Passes 3G TestTuesday, 26 September, 2006 | 12:22 WIBTEMPO Interactive, Jakarta: PT Indonesian Satellite Corporation (Indosat) passed the operational acceptance test for the third generation cellular telecommunication (3G) in the Jakarta area, yesterday (25/9).Kaizad B.
Tue, 26 Sep 2006
Kalla tells U.S. businesses to take a chance on RI
Kalla tells U.S. businesses to take a chance on RIAvian E. Tumengkol, The Jakarta Post, WashingtonVisiting Vice President Jusuf Kalla challenged U.S. corporations in Washington to invest in Indonesia on Monday, saying their commitment would yield significant profits.
Tue, 26 Sep 2006
Rp 13 trillion earmarked for biofuel development
Rp 13 trillion earmarked for biofuel developmentUrip Hudiono, The Jakarta Post, JakartaThe government is setting aside a total of Rp 13 trillion (US$1.4 billion) and nearly 500,000 hectares of land for the development of the country's fledgling biofuel industry next year.