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Mon, 25 Jun 2007
Tax Law Passed by House
The House of Representatives on Tuesday (19/6/07) passed the new Taxation Arrangements and Procedures Law, an important step in a long-awaited process of revision of Indonesia’s three taxation laws.The law aims at creating a regulatory framework to make it easier for taxpayers to appeal official...
Mon, 25 Jun 2007
Shell targets more growth in Indonesian market
Shell targets more growth in Indonesian marketIka Krismantari, The Jakarta Post, JakartaSince the government opened Indonesia's downstream oil and gas business two years ago, the sector has attracted numerous new players interested in entering the market.
Mon, 25 Jun 2007
Indonesia to build textiles city in West Java
Indonesia to build textiles city in West JavaJakarta (ANTARA News/Asia Pulse) - The Indonesian government and private investors plan to make Majalengka in West Java a textiles city under a program to cost Rp1.7 trillion (US$190 million).
Mon, 25 Jun 2007
Indonesia needs $426 bln in investment between 2004 and 2009
Jakarta (ANTARA News) - Indonesia needs investment of 426 bln usd between 2004 and 2009 if is to hit its poverty reduction target, according to the chairman of the government's Investment Coordinating Board, Muhammad Lutfi.
Sun, 24 Jun 2007
A Delicate Balance of Power
Dependency on the Problem-ridden Java-Bali Power Grid Again Places Bali at Risk of Widespread Power Outages.(6/22/2007) Bali balances on the precipice of large scale brown-outs following malfunctions at a 5 major power generating stations in Java.
Sun, 24 Jun 2007
Indonesia`s PLN must increase power production capacity
Jakarta (ANTARA News) - Vice President Jusuf Kalla said state electricty company PT PLN must strive to increase its production capacity in Java and Bali in parallel with the continuous growth in social-economic acivities in the two islands.
Sat, 23 Jun 2007
The yoke of indirectness in the new economic package
But so many farmers sold their land (via brokers/agents) to tobacco firms - especially BAT - and their islands now have to import food. Worse, ex-farmers soon spend the money they got for their land, hence child malnutrition - even starvation (pronounced BUSUNG LAPAR) - is on the rise.
Sat, 23 Jun 2007
Australian tourists to Bali up by 50 percent
Denpasar (ANTARA News) - The number of foreign tourists flying on Indonesia`s national flag-carrier Garuda Indonesia from Australia to Bali had increased by 50 percent in the past few months compared to last year`s.
Fri, 22 Jun 2007
Branding Bali – Show Me the Money!
Bali News: Branding Bali – Show Me the Money!(6/17/2007) The visit of President Susilo Bambang Yudhoyono to Bali to formally open the month-long 29th Bali Arts Festival on Saturday, June 16, 2007 [See: 29th Bali Arts Festival] is also being used to launch a "Bali Brand" - the culmination of a...
Fri, 22 Jun 2007
Survey shows Indonesian SMEs to be reveling in optimism
Indonesian small-and-medium enterprises (SMEs) have the highest investment expectations among to their peers in eight Asian markets, plus Australia, according to a survey conducted by HSBC.The investment expectations survey, the first of its kind to be conducted by the London-based bank, indicates...
Fri, 22 Jun 2007
Indonesia to get 25 international sea ports
The government will develop 25 international ports over the next few years in order to facilitate the country's growing foreign trade in regions outside Java, a senior official at the Ministry of Transportation says.
Fri, 22 Jun 2007
Govt has five commitments to help MSMEs
Jakarta (ANTARA News) - Indonesia's Cooperatives, Small and Medium Entrepreneurs Minister Suryadharma Ali said there were five government commitments in helping micro, small and medium entrepreneurs (MSMEs).
Fri, 22 Jun 2007
Indonesia 2nd quarter GDP growth likely exceeded 1st quarter
Jakarta (ANTARA News) - The Indonesian economy likely grew more strongly in the second quarter than the first, on the back of higher levels of realized domestic and foreign investment, Coordinating Minister for the Economy Budiono.In the first quarter to March GDP rose 6.
Fri, 22 Jun 2007
Adhi Karya to up stake in derailed monorail project
I dont think there was any doubt about that kuku
Fri, 22 Jun 2007
Adhi Karya to up stake in derailed monorail project
just so that it's clear, PT. Adhi Karya is a state-owned construction company. thus, the state is bailing out the private investors, and, no doubt, raking off millions of dollars to their personal accounts in singapore in the process.
Thu, 21 Jun 2007
Adhi Karya to up stake in derailed monorail project
I think these towel heads are sheepish about investing because their studies show that thay won't reap any reward. Apparently, with a ticket price of approx. Rp.8000 a ride, not enough people will use it. Conclusion : INDOS ARE TOO POOR TO HAVE A FANCY MONORAIL.
Thu, 21 Jun 2007
Adhi Karya to up stake in derailed monorail project
Originally Posted By: Roy's hairwill someone just pull their finger out and build the fucker already do white elephants have to be finished before they can be called white elephants? i'm at a loss to know what transport problem this project is designed to solve.
Thu, 21 Jun 2007
Adhi Karya to up stake in derailed monorail project
will someone just pull their finger out and build the fucker already
Thu, 21 Jun 2007
Government told to improve investment climate in oil/gas sector
This is a repost or at least someone repeating the storyhttp://www.jakchat.com/forums/ubbthreads.php/ubb/showflat/Number/53599/page/2#Post53599
Thu, 21 Jun 2007
Government told to improve investment climate in oil/gas sector
Jakarta (ANTARA News) - The government must improve the oil and gas investment climate to increase the number of new oil drilling investors by amending Law No. 22/2001 which had so far hampered investment in oil drilling in Indonesia, an oil observer said.
Thu, 21 Jun 2007
Urgent need for better investment climate in coal sector
There are two interesting and important developments taking place on international and domestic coal markets. The first is the sharp increase in coal prices on the international market on the back of robust demand from China and India, while the second is the surge in domestic demand as the result...
Thu, 21 Jun 2007
Adhi Karya to up stake in derailed monorail project
State-owned construction firm PT Adhi Karya announced Wednesday it would spend Rp 225.9 billion (US$25.4 million) so as to increase its stake in PT Jakarta Monorail (JM), the consortium given the contract to develop the long-delayed Jakarta monorail system.
Wed, 20 Jun 2007
10 years after crisis, recovery is uneven; SKorea cruises, RI falls behind
BANGKOK (AP): Ten years ago, a plunge in the Thai baht sparked a wave of recessions across Asia's high-flying economies, bankrupting entire nations, putting millions out of work and shaking markets around the world. Some feared that a decade of growth would be lost.
Wed, 20 Jun 2007
Government Arranges Infrastructure Credit
TEMPO Interactive, Jakarta: The government will arrange domestic banking to finance infrastructure development.The policy will be included in the Government Regulation on Domestic Loans. This is a continuation of the Economic Policy for Advancing the Real Sector and Empower the Establishment of...
Wed, 20 Jun 2007
CDMA fast becoming GSM challenger; Which will prevail?
With the number of wireless telephone subscribers in Indonesia hitting 76 million people at the end of March 2007, how will the cellular landscape evolve going forward?Indonesia is one of the world's fastest growing wireless markets.
Wed, 20 Jun 2007
House finally enacts new tax law after two years
All ten factions in the House of Representatives agreed during a plenary session Tuesday to enact a new Taxation Arrangements and Procedures Law, with the government and lawmakers expressing the hope that it will place taxpayers and the tax service on a more equal footing.
Wed, 20 Jun 2007
Govt to reduce fuel subsidy spending by up to Rp 22.5t
The government is hoping that its program to replace heavily subsidized kerosene with liquefied natural gas (LPG), and reductions in the volume of Premium and diesel sales will enable it to reduce its fuel subsidy spending by up to Rp 22.5 trillion (about US$2.5 billion) in the 2008 national budget.
Wed, 20 Jun 2007
Commonwealth Bank controls Astra CMG Life`s 80% stake
Jakarta (ANTARA News) - The Commonwealth Bank of Australia (CBA) said on Tuesday it has bought 80 percent of Astra CMG Life`s shares from PT Sedaya Multi Investma (SMI), a subsidiary of publicly-listed automotive company PT Astra International.
Wed, 20 Jun 2007
Finance minister: new law on "KUP" may promote taxpayers` obedience
Jakarta (ANTARA News) - Finance Minister Sri Mulyani hoped the newly approved law on general arrangements and taxation procedures (UU-KUP) will be able to promote the obedience of tax payers and reduce manipulation by civil servants.
Wed, 20 Jun 2007
Malaysian firm builds rubber processing plant in Lampung
Way Kanan, Lampung (ANTARA News) - Malaysian-owned PT Merdec Siger Way Kanan is building a rubber processing plant at Gunung Sangkaran village in Way Kanan district, Lampung province, at a cost of Rp110 billion.
Tue, 19 Jun 2007
Yamaha to Up Motorcycle Output Capacity
Japan's Yamaha Motor Co said Wednesday (13/6/07) it will boost the production capacity of its motorcycle factory in Indonesia by more than 20% by 2008 to meet strong demands.The Japanese motorcycle maker will build an additional line at its existing No 2 plant on the outskirts of Jakarta, a Yamaha...
Tue, 19 Jun 2007
Royal Doulton to Invest $25m
Royal Doulton, with an existing investment of $75 million in the country’s ceramic industry, plans to invest a further $25 million, Antara reported.Anthony O`Reilly, the British company’s chairman, said June 9 that with the additional investment, the company would raise its ceramic wares...
Tue, 19 Jun 2007
Incentives for Investment Unveiled
The government aims to boost investment in the country by slashing the approval time for new investments, offering tax incentives, and creating other measures to smooth the path for entrepreneurs, Coordinating Minister for the Economy Boediono said Tuesday (12/6/07).
Tue, 19 Jun 2007
New Reforms Include Tax Incentives
The government introduced a new package of economic reforms on Tuesday (12/6/07) as part of its long-running program, offering faster approvals for investments, tax incentives for listed companies, accelerated depreciation and exemptions or reductions in land and building taxes.
Tue, 19 Jun 2007
Indonesia CPO production set to hit 17 mln tons
The Indonesian government has projected crude palm oil (CPO) production to increase by 7.8 percent to 17.44 million tons this year from 2006.CPO production will pick up during the harvest period from July to December, Industry Minister Fahmi Idris said in a hearing with legislators here on Monday.
Tue, 19 Jun 2007
Local workers expected to absorb knowledge, skills of expats
Jambi (ANTARA News)- The business companies in Jambi were suggested to use expetriates to train the local workers in accordance with their skills, a spokesman said.Local workers should learn or observe the knowledge and skills of expatriates employed by Indonesian companies, so that the companies...
Tue, 19 Jun 2007
Export Duty to be Utilized for CPO Subsidy
TEMPO Interactive, Jakarta:The proceeds from increasing export duty on crude palm oil (CPU) products and by-products being raised to between 6.5 and 10 percent must be given back in the form of subsidies for cooking oil processing factory.
Tue, 19 Jun 2007
11 provinces waiting in line for SEZs: Minister
Eleven provincial governments have proposed the establishment of special economic zones (SEZ) in their respective areas, but the government says they will have to meet the "tough" criteria set by a government-sanctioned team.
Tue, 19 Jun 2007
GPEI asks govt to exempt exporters from warehouse fees
GPEI asks govt to exempt exporters from warehouse feesJAKARTA(Antara): The Indonesian Exporters Association (GPEI) is urging the government to free goods intended for export from warehouse fees so that exporters do not need to send their goods to seaports on the day of their shipment, a spokesman...
Mon, 18 Jun 2007
Indonesias graft now more sophisticated - Officials
KPK is supposed to spear the big fish. When KPK receives reports from the public about lower level corruption, such reports are generally delegated down to the cops and the attorney general's office/local prosecution offices.
Mon, 18 Jun 2007
Indonesias graft now more sophisticated - Officials
14 cases in a year ... so not making any impact. Do you think it would work better if they had one team looking at the big fish / high profile cases and another team that looks at the millions of low level graft? I would think that with a good media campaign telling people of their rights followed...
Mon, 18 Jun 2007
Indonesias graft now more sophisticated - Officials
"since it started in 2003" is a bit unfair. KPK’s creation was mandated in a 2002 law, but it wasn’t until late September 2003 (after promises of foreign aid) that Megawati finally issued a decree commissioning a committee to select KPK’s five leaders.
Fri, 15 Jun 2007
Indonesias graft now more sophisticated - Officials
Does anybody know how many people have been successfully prosecuted by the anti graft commission since it started in 2003??
Fri, 15 Jun 2007
Fix quality, garment producers told
Indonesia's garment producers have to improve productivity, service and, most importantly, quality, if they want win a bigger share of the world market, particularly in the United States, a consultant suggests.
Fri, 15 Jun 2007
Indonesias graft now more sophisticated - Officials
Jakarta (ANTARA News) - Corruption remains widespread in Indonesia and is getting more sophisticated despite the government's high-profile drive to eradicate it, officials involved in fighting graft said on Thursday.
Thu, 14 Jun 2007
Economic Policy Package Considered to Have Missed Target
TEMPO Interactive, Jakarta: The economic policy package launched by the government yesterday (12/6) is considered not to have touched the real sector.According to an economist who is a member of Indonesia's Awakening Team, it is not a policy package but rather bureaucracy routineness.
Thu, 14 Jun 2007
Jakarta tackles barriers to investment
Published: June 12 2007 15:54 | Last updated: June 12 2007 15:54Indonesia is planning to roll back some of the powers granted to local authorities under a seven-year-old regional autonomy scheme because they are negatively affecting investment and infrastructure development, the country’s chief...
Thu, 14 Jun 2007
RI to put five geothermal projects out to tender
The government will invite bids in August for five geothermal projects as part of the effort to boost electricity supply in less-developed regions, says an official.The projects will have an estimated combined capacity of 455 megawatts (MW), comprising 160 MW in Seulawah, Nanggroe Aceh Darussalam,...
Thu, 14 Jun 2007
CPO producers may be forced to sell part of output at home
In addition to increasing the export duty on cooking oil, the government is also considering requiring CPO producers to sell a certain portion of their output on the domestic market to help bring down the price of cooking oil, which uses CPO as its main raw material.
Thu, 14 Jun 2007
Riau governor seeks investors for undeveloped islands
The Riau Islands provincial administration has offered the Haj Fund Board of Malaysia the opportunity to lease one of its islands for development.Riau Islands Governor Ismeth Abdullah made the offer Monday to Minister in the Department of the Prime Minister Abdullah Mohammad Zein, during a ceremony...