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Fri, 25 Aug 2006
RI risks losing out to ASEAN peers in attracting investment
RI risks losing out to ASEAN peers in attracting investmentUrip Hudiono, The Jakarta Post, JakartaWith the integration of Southeast Asia's trade and investment on the horizon, the government must begin improving Indonesia's development policies in line with the region's future economic landscape,...
Fri, 25 Aug 2006
Pertamina to Become an Energy Company
Pertamina to Become an Energy CompanyThursday, 24 August, 2006 | 08:35 WIBTEMPO Interactive, Jakarta: It is planned that the PT Pertamina (Persero) oil and gas company will also become an energy and petrochemicals company.This is aimed at increasing its added-value so as to benefit Pertamina itself.
Fri, 25 Aug 2006
RI needs to improve infrastructure to face ASEAN single market
RI needs to improve infrastructure to face ASEAN single marketJakarta (ANTARA News) - Indonesia has to improve its infrastructure to face the ASEAN single market in 2015 because a good infrastructure condition would affect the flow of goods and attract investment, economic observer of the Civil...
Fri, 25 Aug 2006
Japan, Malaysia to build biodiesel plant in Jambi
Japan, Malaysia to build biodiesel plant in JambiJambi (ANTARA News) - Japanese and Malaysian investors have established cooperation with 27 oil palm factories to build a biodiesel processing plant in Jambi, according to Erwan Malik, head of the Regional Capital Investment Board here on Thursday.
Fri, 25 Aug 2006
Bakrieland to build shopping and office center
Bakrieland to build shopping and office center worth Rp200 billionJakarta (ANTARA News) - PT Bakrieland Development Tbk will build and market an office and shopping center on 60,000 square meters of land in the Rasuna Epicentrum Superblock in South Jakarta worth around Rp200 billion.
Thu, 24 Aug 2006
RI's first SEZ off to a good start
RI's first SEZ off to a good start, more of the same expectedUrip Hudiono, The Jakarta Post, JakartaThe government's newly established special economic zone (SEZ) that embraces Batam, Bintan and Karimun islands appears to be off to a good start, with seven initial investment projects worth US$566.
Thu, 24 Aug 2006
Invest now for better gains, Kalla urges foreign investors
Invest now for better gains, Kalla urges foreign investorsTony Hotland, The Jakarta Post, JakartaVice President Jusuf Kalla said Wednesday that Indonesia was stable and safe enough for foreign investors, urging them to invest now if they wanted to get better gains.
Thu, 24 Aug 2006
Autonomy going too far: SBY
Autonomy going too far: SBYM. Taufiqurrahman, The Jakarta Post, JakartaThe central government believes excesses in the implementation of regional autonomy are scaring away foreign investment.President Susilo Bambang Yudhoyono said Wednesday that local governments had imposed a slew of local taxes...
Thu, 24 Aug 2006
Visit of Indonesian Minister of Trade to Australia
The Visit of Indonesian Minister of Trade to Australia to Increase Trade and InvestmentAustralia still desires to increase trade and investment with Indonesia. That statement was the result of the meeting of the Indonesian Minister of Trade, Dr.
Thu, 24 Aug 2006
Daeju invests U$500 million to build dockyard
Daeju invests U$500 million to build dockyardJakarta (ANTARA News) - Daeju Construction Engineering Co.Ltd will invest around US$500 million to develop a dockyard in Karimun in the Indonesian province of Riau Islands.
Thu, 24 Aug 2006
VP says Sumatra should revive as "gum island"
VP says Sumatra should revive as "gum island"Jambi (ANTARA News) - Known in the past as "gum/rubber island", Sumatra should revive to regain its glorious time, Vice President Jusuf Kalla said here on Wednesday.
Thu, 24 Aug 2006
VEEP invites foreign investors to build infrastructure projects
VEEP invites foreign investors to build infrastructure projectsJakarta (ANTARA News) - Vice President Jusuf Kalla has invited foreign investors to participate in the construction of infrastructure projects in Indonesia, including toll roads and power plants.
Wed, 23 Aug 2006
Indonesia, Malaysia eyeing European bio-fuels market
Indonesia, Malaysia eyeing European bio-fuels marketAndi Haswidi, The Jakarta Post, JakartaIndonesia and Malaysia are set to establish a common production and marketing front in order to tap into the growing European bio-fuels market.
Tue, 22 Aug 2006
Indonesia to compete for FDI to create employment
Indonesia to compete for FDI to create employmentKuala Lumpur (ANTARA News) - Indonesia with its 200 million population will compete for foreign direct investments (FDI) even with other Asean member countries as it views job creation as its top priority.
Mon, 21 Aug 2006
50 species of plants in Indonesia can provide alternative fuel
cool, yes. but will they stuff it up? and what are the consequences for forests (what little is left of them) with this bio-diesel craze demanding huge acreages of mono-culture plantations.
Mon, 21 Aug 2006
50 species of plants in Indonesia can provide alternative fuel
50 species of plants in Indonesia can provide alternative fuelGorontalo, (ANTARA News) - About 50 species of plants in Indonesia can be processed into alternative fuel to cope with an energy crisis in the country, Retno Gumilang, a lecturer at the Bandung Institute of Technology (ITB) said here...
Sun, 20 Aug 2006
Bio-fuel sale in 2007 expected to reach 6.6 mln km
Bio-fuel sale in 2007 expected to reach 6.6 mln kmJakarta (ANTARA News) - State-owned oil/gas company Pertamina has projected the volume of bio-fuel sale in 2007 at 6.6 million kiloliters, Achmad Faizal, marketing director of the company, said here Saturday.
Sat, 19 Aug 2006
Sarinah to build hotels, apartments on key sites
Sarinah to build hotels, apartments on key sitesThe Jakarta Post, JakartaState-owned retailer PT Sarinah Persero plans to expand by developing apartments, hotels and office buildings on its sites in Jakarta, Bandung and Bali.
Sat, 19 Aug 2006
FDI inflows remain disappointing
FDI inflows remain disappointingUrip Hudiono, The Jakarta Post, JakartaForeign investment still appears to be in the doldrums, with the second half of the year starting off to a 24 percent decline in direct foreign investment compared with the same period last year.
Fri, 18 Aug 2006
The wages of corruption
The wages of corruptionBy Chan Akya"In India, corruption is under the table. In China, it is over the table, while in Indonesia corruption includes the table," it has been said. People might quibble about the relative placement of Asia's three largest countries.
Fri, 18 Aug 2006
Economists cautiously welcome budget targets
Economists cautiously welcome budget targetsAndi Haswidi, The Jakarta Post, JakartaWhile maintaining that the government's economic performance in 2006 has been less than satisfactory, a number of well-known Indonesian economists say that the economic targets and programs proposed by the President...
Fri, 18 Aug 2006
Govt upbeat on the economy
Govt upbeat on the economyUrip Hudiono, The Jakarta Post, JakartaThe government clearly believes that 2007 will be the year when the economy finally begins to shine again, with the President unveiling an outline draft budget promising better growth on higher development spending and improving...
Thu, 17 Aug 2006
Indonesia counting on biofuel
Indonesia counting on biofuelBloomberg News, ReutersPublished: August 16, 2006JAKARTA Indonesia is seeking more investment in industries producing energy from palm oil, sugar cane and jatropha to help create five million new jobs and cut government fuel subsidies, President Susilo Bambang Yudhoyono...
Thu, 17 Aug 2006
Comments of the Indonesian Authorities on the Legal and Judicial Reform Program
[This is a copy of "corrections" made by the Indonesian government to an IMF report. Full text of "corrected" 66-page report is available at http://www.imf.org/external/np/pp/eng/2005/011605.pdf ]Comments of the Indonesian Authoritieson the External Evaluation Report on the Legal and Judicial...
Wed, 16 Aug 2006
Foreign Investors Interested in Jakarta
Foreign Investors Interested in JakartaWednesday, 16 August, 2006 | 17:06 WIBTEMPO Interactive, Jakarta: : Investors still regard Jakarta as a city that is attractive in terms of investment.“From the Jakarta International Investment Expo, five investors have already signed Memorandum of...
Wed, 16 Aug 2006
World Bank asks Indonesia to return project loans due to corruption
World Bank asks Indonesia to return project loans due to corruptionJakarta (ANTARA News) - Amidst the government`s serious efforts to combat corruption, the World Bank was reported to have cancelled, the first time in Indonesian history, its plan to provide funds for projects in Indonesia, and even...
Wed, 16 Aug 2006
Govt puts 41 oil and gas contracts on the block
Govt puts 41 oil and gas contracts on the blockThe Jakarta Post, JakartaThe government is inviting foreign and domestic investors to exploit 41 onshore and offshore oil and gas blocks in onshore and offshore Sumatra, Kalimantan, Sulawesi and Java under production-sharing schemes to help boost the...
Wed, 16 Aug 2006
Indonesia finally gets 3G; Telkomsel leading the pack
Indonesia finally gets 3G; Telkomsel leading the packAndi Haswidi, The Jakarta Post, JakartaThe country's largest cellular operator, PT Telkomsel, launched its third-generation (3G) service Tuesday, marking the first commercial introduction of 3G to Indonesia.
Tue, 15 Aug 2006
CPO exports to India expected to reach 1.4 million tons this year
CPO exports to India expected to reach 1.4 million tons this yearThe Jakarta Post, JakartaAn industry association has revised upward Indonesian's exports of palm oil products to India after the latter cut import duties last week.
Tue, 15 Aug 2006
Bakrie Telecom's net revenue up 150%
Bakrie Telecom's net revenue up 150%The Jakarta Post, JakartaBakrie Telecom Tbk (BTEL), one of the country's CDMA-based mobile telecommunications providers, booked net revenues of about Rp 254.1 billion (US$27.4 million) in the first half of the year, a 150 percent increase from the Rp 101.
Tue, 15 Aug 2006
Indonesia struggles to attract investment
Indonesia struggles to attract investmentBy Shawn Donnan in JakartaPublished: August 14 2006 09:17 | Last updated: August 14 2006 12:42Indonesia is continuing to struggle to attract badly needed investment, new figures showed on Monday, in a sign the business-friendly promises of President Susilo...
Mon, 14 Aug 2006
Indonesia’s Investment Competitive Power Second Lowest in the World
Indonesia’s Investment Competitive Power Second Lowest in the WorldMonday, 14 August, 2006 | 17:05 WIBTEMPO Interactive, Jakarta: Indonesia's competitive power as regards an investment country of destination is evaluated as extremely low compared to other countries in the world.
Mon, 14 Aug 2006
Signs point to economic rebound
Signs point to economic reboundUrip Hudiono, The Jakarta Post, JakartaA rosier economic picture is expected to emerge in the second half of the year, with increased growth forecast after a recent easing of inflation and interest rates.
Mon, 14 Aug 2006
Workers' survival hinges on robust business, not on rigid labor rules
Workers' survival hinges on robust business, not on rigid labor rulesSahminan, JakartaIn many countries, the government is often at odds with workers. In Indonesia that situation happens, too. Recently, for example, the government draft on the revision of the 2003 Labor Law triggered the anger of...
Sat, 12 Aug 2006
AFTA bearing fruit in raising trade and investment inflows
AFTA bearing fruit in raising trade and investment inflowsKuala Lumpur (ANTARA News) - Tariff reductions by member countries under the Asean Free Trade Area not only raised intra-Asean trade substantially to US$269.8 billion last year from US$233.
Fri, 11 Aug 2006
Jakarta Proposes to be Special Economics Region
Jakarta Proposes to be Special Economics RegionFriday, 11 August, 2006 | 19:36 WIBTEMPO Interactive, Jakarta: The regional government of Jakarta Special Territory (DKI) is proposing to be Indonesia’s Special Economics Region (KEKI).
Fri, 11 Aug 2006
Minister throws down gauntlet to corporations
Minister throws down gauntlet to corporationsUrip Hudiono, The Jakarta Post, JakartaThe finance minister seems to have run out of patience with the sort of dodgy, opaque and misleading accounts that are regularly submitted by the nation's firms.
Fri, 11 Aug 2006
Govt to change meat import policy
Govt to change meat import policyThe Jakarta Post, JakartaThe government is drafting new regulations that will allow meat to be imported from some countries that have a history of foot-and-mouth disease.
Fri, 11 Aug 2006
DPD to stage local investment forum
DPD to stage local investment forumAndi Haswidi, The Jakarta Post, JakartaIn the hope of encouraging the country's regions to become more proactive and receptive toward inward investment, the Regional Representatives Council (DPD), in collaboration with a global event organizer, will host an event...
Fri, 11 Aug 2006
Lessons from China's success in developing special economic zones
Lessons from China's success in developing special economic zonesYuliana Bahar, Quangzhou, ChinaThe Special Economic Zones (SEZs) have served as one of China's important economic engines for more than two decades.
Fri, 11 Aug 2006
Indonesia says Australia's travel warning is harming economy
Indonesia says Australia's travel warning is harming economyJakarta (ANTARA News) - Indonesian Trade Minister Mari Pangestu complained on Thursday that Australia was harming her nation's economy and deterring new investment by warning travelers of the risk of terrorist attacks there.
Thu, 10 Aug 2006
PT Bakrie to build 11 more apartment towers in Jakarta
i can see a gross over-supply situation occurring very soon ...
Thu, 10 Aug 2006
PT Bakrie to build 11 more apartment towers in Jakarta
PT Bakrie to build 11 more apartment towers in JakartaJakarta (ANTARA News/Asia Pulse) - PT Bakrie Swasakti Utama (BSU) plans to build 11 apartment towers in the Rasuna Epicentrum, Jakarta with an estimated investment of Rp2.2 trillion (US$244 million).
Thu, 10 Aug 2006
RI to form investment policy committee
RI to form investment policy committeeCanberra (ANTARA News) - The Indonesian Government will set up a Committee of Investment Policy before the end of this year. "The formation of the committee was proposed by the coordinating minister for economic affairs.
Thu, 10 Aug 2006
Still a long way before biofuel is on the market
Still a long way before biofuel is on the marketNovan Iman Santosa, The Jakarta Post, JakartaImagine a world where a farmer could extract oil from his own crops, like palm, soy or peanut oil, and fill up the tank of his tractor.
Thu, 10 Aug 2006
Australian Investors Complain About Regional Autonomy
Australian Investors Complain About Regional AutonomyWednesday, 09 August, 2006 | 20:21 WIBTEMPO Interactive, Jakarta: Australian investors are complaining that such matters as regional autonomy and the weak coordination among governmental institutions are the greatest obstacles as regards...
Wed, 09 Aug 2006
Foreign oil firms to be allowed to buy, sell biofuel
Foreign oil firms to be allowed to buy, sell biofuelThe Jakarta Post, JakartaA regulatory package will soon be put in place to allow foreign oil firms such as Petronas of Malaysia and Shell of the Netherlands to distribute biofuel so as to boost competition on the domestic market, it was revealed...
Wed, 09 Aug 2006
Australians cool on Indonesia's Bali
Australians cool on Indonesia's BaliBy Gary LaMoshiBALI - Another high season after another bomb attack, and another struggle to recover for Bali's tourism-driven economy. After the terrorist bombings that targeted foreign tourists in October 2002, Bali, one of Asia's premier tourist destinations,...
Tue, 08 Aug 2006
IMF Executive Board Concludes 2006 Article IV Consultation
IMF Executive Board Concludes 2006 Article IV Consultation and Fifth Post-Program Monitoring Discussions with IndonesiaPublic Information Notice (PIN) No. 06/91August 7, 2006 Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of...