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Wed, 09 Feb 2011
RI`s industrial growth doubled to 5.1 pct last year
Jakarta (ANTARA News) - National industrial growth last year doubled to 5.1 percent from 2.6 percent the year before, fueled by growing investment, exports and public consumption, an official said.The 5.1 percent industrial growth surpassed the government-set target of 4.
Wed, 09 Feb 2011
Indonesia's Mobile Industry Sees Growth In Teenage, Lower-End Buyers
Younger and less affluent users have pushed mobile phone penetration in Indonesia to almost triple what it was five years ago, according to a Nielsen survey.Out of 15,000 respondents from nine large cities, 54 percent said they owned a mobile phone, a 34 percent increase from a similar survey in...
Tue, 08 Feb 2011
Bali Targeting 2.6–2.8 Million Foreign Tourists in 2011
Despite Targeting 2.8 Million Tourists for 2011, Bali Has No Need for More Accommodation.Bali is targeting total foreign tourist arrivals of between 2.6 – 2.8 million for 2011.The chief of the Bali Statistical Center (BPS), Gede Suarsa, told Bali Post, "that target is higher that the 2.
Tue, 08 Feb 2011
Don't Let the Rules Get in the Way
Badung Regency Resisting Governor's Order to Halt New Hotel Investments and Demolish Illegal Buildings in South Bali.Holding true to his pledge to push on with full implementation of Bali's new zoning law (RTRW) [See: Legal Challenge to Bali's New Zoning Law Fails], governor Made Mangku Pastika has...
Tue, 08 Feb 2011
Wilmar to invest $900 mln in Indonesia palm oil product plants
JAKARTA Feb 7 (Reuters) - Singapore's Wilmar , the world's largest listed palm oil firm, will invest $900 million to build factories in Indonesia to produce palm oil products, an Indonesian government minister said on Monday.
Tue, 08 Feb 2011
Chevron’s Contract Ship Illegal
TEMPO Interactive, Jakarta:An illegal ship belonging to a contractor hired by PT Chevron Pacific Indonesia, has been asked to immediately leave Indonesian waters. According to sea transportation director-general Sunaryo, the ship has been operating without proper documents.
Tue, 08 Feb 2011
BPS: Economic conditions of businesses and consumers improving
Jakarta (ANTARA News) - The economic conditions of businesses and consumers had improved in the fourth quarter of 2010 marked by the increase of the Business Tendency Index (ITB) and Consumers` Tendency Index (ITK), Rusman Heriawan said here on Monday.
Tue, 08 Feb 2011
Semen Gresik plans to invest Rp6.3 trillion until 2015
Jakarta (ANTARA News) - Publicly-listed cement maker PT Semen Gresik Tbk plans to set aside Rp6.3 trillion (US$700 million) in funds until 2015 to expand its business."The funds will be needed to increase annual production capacity to 30.
Tue, 08 Feb 2011
Economy grows as expected: minister
Jakarta (ANTARA News) - Finance Minister Agus Martowardojo said the country`s economic growth at 6.1 percent in 2010 pleased the government as it had exceeded the 5.8 percent assumed in the state budget."We hail the outcome.
Tue, 08 Feb 2011
Indonesia's Economy Continues to Beat Forecasts
Financial markets and industry players welcomed the news of better-than-expected economic growth, but they were split on whether 2011 would beat last year’s achievement.Gross domestic product rose 6.9 percent in the fourth quarter from a year earlier, the Central Bureau of Statistics (BPS)...
Tue, 08 Feb 2011
Indonesian Government Pins High Hopes On Private Sector Investment
The government hopes improving infrastructure and developing science and technology under a new master plan for economic development will help Indonesia become one of the world’s top 10 economies by 2030.
Mon, 07 Feb 2011
Arrested Development
Poor Planning and Coordination Blamed for Many Inadequacies of East Bali Cruise Facility at Tanah Ampo.Bisnis Bali reports that while planned construction on the East Bali cruise terminal at Tanah Ampo is almost completed, the technical handling of this key cruise component of Bali's tourism...
Mon, 07 Feb 2011
Overpopulation Blamed for High Crime in Bali Massive Immigration and Uncontrolled Settlement
The governor of Bali, Made Mangku Pastika, is blaming booming population for many of the woes being experienced by the island, such as growing crime rates.People migrating to Bali accounts for at least 300,000 new residents over the past three years, bringing the total population to near 4 million.
Mon, 07 Feb 2011
Surpassing 2010 target, RI aims to lure 7.7 mln tourists
Jakarta (ANTARA News) - The number of foreign tourists visiting Indonesia last year surpassed the government-set target of 7 million, with their spending estimated at US$7.6 billion, up 20.63 percent from a year earlier.More than 7.
Mon, 07 Feb 2011
Govt expects US$150 billion investment to accelerate development
Jakarta (ANTARA News) - The Indonesian government expects investment to reach US$150 billion to accelerate development efforts in various fields."We are expecting US$150 billion investment," Industry Minister MS Hidayat said after attending a limited cabinet meeting on business at the...
Mon, 07 Feb 2011
M`sian bizman to build 300 condos in Maluku
Ambon, Maluku (ANTARA News) - Malaysian businessman Datuk Wong Hee Toh is to build 300 condominiums in the Kudamati area for foreigners who want to do business in Ambon."What has prompted the Malaysian businessman is Maluku`s tourism potential.
Mon, 07 Feb 2011
Bali to produce 37,000 tons of fish
Denpasar (ANTARA News) - The Indonesian tourist resort province of Bali has set itself a target of producing 37,000 tons of fish in 2011, a fishery official said."The target is far higher than the production in 2010 which was only 324,000 tons," Head of Bali`s Maritime and Fishery...
Mon, 07 Feb 2011
Bali to Produce 155,000 Tons of Seaweed
Denpasar, Bali (ANTARA News) - Bali aims at producing 155,000 tons of seaweed in 2011, head of the Bali fishery and marine agency Gusti Putu Nuriatha said here Saturday."The target is higher than last year`s 145 tons," he said.
Fri, 04 Feb 2011
Chili Peppers Indicate Inflation Is Heating Up: William Pesek
Feb. 3 (Bloomberg) -- It’s hot in Indonesia these days, and I don’t just mean the equatorial weather.We’re talking about two things that rarely fuse together: Chili peppers and hot money. Try chatting up a local without both topics coming up.
Fri, 04 Feb 2011
West Java’s Manufacture Industry Weakens
TEMPO Interactive, Bandung:The West Java Central Bureau of Statistics (BPS) chief in charge of production statistics, Maman Sukherman, said the production of large and medium-scale manufacture industry in West Java has plummeted down to minus 0,12 percent, comparing the performance in the fourth...
Fri, 04 Feb 2011
Indonesia Blames the Foreigners
None of the bribery, corruption, scandal, and general sleaze and fraud are the fault of the locals. Check the expatsI didn't stand in line last week to buy tickets to Justin Bieber's upcoming concert in Jakarta. I would, however, consider lining up for a chance to slap him across the face.
Wed, 02 Feb 2011
NGOs optimistic on govt's commitment to transparency in extractive sector
A coalition of watchdogs supervising Indonesia's adoption of the Extractive Industries Transparency Initiative (EITI) is optimistic the government and the country's extractive industries will comply with demands for transparency in revenue reports in the sector.
Wed, 02 Feb 2011
RI's tourist arrivals surpass 7 mln target last year
Jakarta (ANTARA News) - More than 7.002 million foreign tourists visited Indonesia last year, surpassing the government-set target of 7 million, the Central Statistics Agency (BPS) said.Compared to the year before, the number of tourist arrivals last year represented a 10.
Wed, 02 Feb 2011
Korean Investors Interested in Building Hotels in Palembang
Palembang, S.Sumatra (ANTARA News) - Korean investors expressed interest in building hotels in Palembang city, South Sumatra, because the city is considered advanced and rapidly growing, a member of a Korean investor team, Fark, said to Palembang mayor H Eddy Santana Putra, here, Tuesday (1 Feb).
Tue, 01 Feb 2011
Govt ready to open 2 million hectares of farm land
Jakarta (ANTARA News) - The government is ready to open two million hectares of farm land in anticipation of declining food production due to global climate change and extreme climate, a minister said.Agriculture Minister Suswono said here on Friday food-producing countries had of late seen a...
Tue, 01 Feb 2011
VP optimistic Indonesia economy to improve
Jakarta (ANTARA News) - Vice President Boediono has expressed optimism that the Indonesian economy would get better in 2011 than in the previous years."In spite of the global economic turmoil, I am certain that national economic development this year will get even better than before," the...
Tue, 01 Feb 2011
VP Boediono calls on officials, bizmen to abide by rules
Jakarta (ANTARA News) - Vice President Boediono said the case of former tax official Gayus Tambunan should become an eye opener for all officials and businessmen on the importance of abiding by existing rules.
Tue, 01 Feb 2011
World businessmen still unfamiliar with Indonesia's products: president
Zurich (ANTARA News) - Businessmen are still unfamiliar with Indonesian products, President Susilo Bambang Yudhoyono said here Saturday (29/1) evening, before leaving Zurich International Airport for Jakarta.
Tue, 01 Feb 2011
Bali produces 150,000 tons of seaweed in 2010
Denpasar (ANTARA News) - The Indonesian island resort of Bali has been able to produce 150,000 tons of seaweed in 2010 or increased by 42.8 percent from 105,000 tons in the previous year."The 150,000 tons of seaweed were harvested from a cultivation area of 707.
Tue, 01 Feb 2011
Govt ready to open 2 million hectares of farm land
Jakarta (ANTARA News) - The government is ready to open two million hectares of farm land in anticipation of declining food production due to global climate change and extreme climate, a minister said.Agriculture Minister Suswono said here on Friday food-producing countries had of late seen a...
Tue, 01 Feb 2011
One Door Licensing Still Corrupt
TEMPO Interactive, Jakarta:The Transparency International Indonesia (TII) said that the Indonesian business licensing system is still prone to corruption. “The method used includes bribes, special connections ,” said TII researcher, Putut Ariyo Saputro, in his presentation in Jakarta yesterday.
Tue, 01 Feb 2011
Government is Confident It can Manage Food Crisis
TEMPO Interactive, Jakarta:Agriculture Minister Suswono is confident that Indonesia can face the food security crisis by creating food-resilence, assuring the availability, accessibility and equitability of distribution.
Tue, 01 Feb 2011
State plantation firm to build CPO factories in Kalimantan
A state plantation company says it has allocated Rp 120 billion (US$ 12.9 billion) to build two factories to process crude palm oil (CPO) in Modang and Petangis districts, East Kalimantan.The construction of the two factories will start this year and next year, and is expected to be complete within...
Tue, 01 Feb 2011
China’s eight pillars: A business model for Indonesia
The year 2011 in the Chinese calendar is the Year of the Rabbit, which begins on Feb. 3, 2011, and concludes on Jan. 22, 2012. Understanding the yearly horoscope, with its wide span of predictions related to economic and socio-political affairs, is typical, not only in Chinese society, but also in...
Tue, 01 Feb 2011
Indonesia Inflation Accelerates, Adding Pressure to Raise Rate
Feb. 1 (Bloomberg) -- Indonesia’s inflation accelerated in January, putting pressure on policy makers to consider raising the benchmark interest rate from a record low in coming months even as they may avoid an increase when they meet on Feb. 4.
Fri, 28 Jan 2011
Online Giant eBay Shifts Focus as It Enters Indonesian Market
Even with its relatively recent arrival in the country, eBay sees huge potential in the Indonesian market.The world’s largest online marketplace was officially introduced in October through its partnership with plasa.
Fri, 28 Jan 2011
Progressive Tariff Hurts Businessmen
TEMPO Interactive, Jakarta:Suryadi Sasmita, the Indonesia Businessmen Association’s secretary general says the plan to apply a progressive tariff at Tanjung Priok Port is not the solution to reducing the number of overloaded containers.
Fri, 28 Jan 2011
Bali`s canned fish exports worth US$20.08 million
Denpasar (ANTARA News) - The Indonesian tourist resort island of Bali exported 8,488.8 tons of canned fish worth US$20.08 million in the January - November 2010, Head of Bali`s Maritime and Fisheries Service I Gusti Putu Nuriatha said.
Fri, 28 Jan 2011
President calls for correction of global economic imbalances
Davos (ANTARA News) - President Susilo Bambang Yudhoyono has called for international cooperation to correct global economic imbalances and accelerate reforms in the financial sector and international financial institutions.
Fri, 28 Jan 2011
S Korea provides 100 million US dollars for Karian reservoir project
Jakarta (ANTARA News) - The South Korean government through KOICA (Korean International Cooperation Agency) is providing at least 100 million US dollars for the building of the Karian Reservoir in Banten.
Fri, 28 Jan 2011
Trading Permit Delays Threaten Exports
An ongoing wrangle over licenses for mining traders could hurt investment, a coal mining association chief said on Thursday.“It will create a negative impression for coal mining investors in the future,” Supriatna Suhala, executive director of the Indonesian Coal Mining Association (APBI), said...
Fri, 28 Jan 2011
British Pushing for Better Investment Environment in Indonesia
Representatives from the British government on Thursday urged Indonesia to provide better investment conditions, including improved infastructure.“Lord Powell expressed some concerns about improvements needed for investment, including the roads, the harbors and electricity,” spokesman Yopie...
Thu, 27 Jan 2011
RI tourism needs to be more competitive : UN-WTO
Jakarta (ANTARA News) - The UN-World Tourism Organization (UN-WTO) is of the opinion that Indonesian tourism should be more competitive than other countries in the Asian region."Indonesian tourism is very good but it should be more competitive," Coordinator Consulting Unit on Tourism and...
Thu, 27 Jan 2011
Japan interested in kesambi oil investment
Kupang, East Nusa Tenggara (ANTARA News) - Bec Japan, a Japanese investor, wants to invest in kesambi oil (Schleichera oleosa) in East Nusa Tenggara province, Vice Governor Esthon Foenay said here Tuesday.
Thu, 27 Jan 2011
Investment realization for 2010 almost no surprise: observer
Jakarta (ANTARA News) - Investment realization in Indonesia in 2010 which showed a significant achievement has come almost as no surprise because their agreement date back to two or three years, according to an economic observer.
Thu, 27 Jan 2011
Australian envoy addresses IABC members
Jakarta (ANTARA News) - Australian Ambassador to Indonesia Greg Moriarty addressed the Indonesia Australia Business Council (IABC) members and guests during their Australia Day Business Luncheon and Investiture at the Intercontinental MidPlaza Hotel here on Wednesday.
Wed, 26 Jan 2011
BKPM employees rebel, dump on Gita Wiryawan
Nice one. About time the people stood up for themselves and forced out the corrupt and greedy management.Let's hope this sort of letter actually provokes a response for the good.
Wed, 26 Jan 2011
BKPM employees rebel, dump on Gita Wiryawan
Bersama surat ini, kami karyawan Badan Koordinasi Penanaman Modal (BKPM) menyampaikan keprihatinan kami atas kondisi lembaga tempat kami berkarya yang saat ini semakin tidak kondusif. Ketidakjelasan arah dan prioritas kerja, sistem penilaian kinerja serta kepemimpinan Bapak Gita Wiryawan yang tidak...
Wed, 26 Jan 2011
Indian, Indonesian business chambers sign 16 MOUs
that's great.. it means more and more indian restaurants will be around
Wed, 26 Jan 2011
Indian, Indonesian business chambers sign 16 MOUs
Business chambers of India and Indonesia on Wednesday signed 16 memoranda of understanding on the sidelines of a three-day state visit to India by Indonesian President Susilo Bambang Yudhoyono.The agreements signed included bilateral cooperation in urea manfacturing; development of an industrial...