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Thu, 22 Jun 2006
Rp36 Billion Required to Repair Electricity Grid
Rp36 Billion Required to Repair Electricity GridWednesday, 21 June, 2006 | 16:54 WIBTEMPO Interactive, : The repairs to the electricity grid for the homes of Yogyakarta and Central Java earthquake victims will require Rp36 billion.
Thu, 22 Jun 2006
Economists: Agriculture Sector Worrying
Economists: Agriculture Sector WorryingWednesday, 21 June, 2006 | 17:45 WIBTEMPO Interactive, Manado: The productivity of the Indonesian agriculture sector has declined.Etty Puji Lestari, a member of the Association of Indonesian Economic Graduates (ISEI), has revealed that between 2001 and 2003, a...
Thu, 22 Jun 2006
Indonesia Military Businesses Hurting Reforms: Group
Associated PressIndonesia Military Businesses Hurting Reforms: GroupJAKARTA (AP)--The Indonesian military's involvement in business undermines efforts to reform the institution and perpetuates its reputation of being abusive, corrupt and above the law, an international rights group said Wednesday.
Fri, 16 Jun 2006
Govt told to simplify import procedures for oil industry
Govt told to simplify import procedures for oil industryThe Jakarta Post, JakartaThe Indonesian Petroleum Procurement Association (APPI) has called on the government to simplify import procedures for equipment used in oil and gas exploration and production.APPI's secretary-general M.H.
Fri, 16 Jun 2006
Bakrie Telecom plans to expand coverage to 17 cities next month
Bakrie Telecom plans to expand coverage to 17 cities next monthThe Jakarta Post, JakartaPublicly listed cellular phone provider PT Bakrie Telecom, which operates the CDMA-based esia mobile phone service, plans to expand its coverage to 15 cities in Banten and West Java next month in a bid to carve...
Fri, 16 Jun 2006
Cemex ready to drop lawsuit: Report
Cemex ready to drop lawsuit: ReportMexican cement giant Cemex SA is reportedly insisting on going through with a plan to sell its shares in state-owned cement producer PT Semen Gresik to local diversified business group Rajawali, but would drop its lawsuit against the Indonesian government.
Thu, 15 Jun 2006
Pertamina given two years to perform
Pertamina given two years to performTony Hotland, The Jakarta Post, JakartaPresident Susilo Bambang Yudhoyono has given state oil and gas company PT Pertamina two years to revamp its operations and transform itself into a profitable company, promising that the government would provide maximum...
Wed, 14 Jun 2006
Indonesia quake reconstruction cost put at more than $3 billion
AFPIndonesia quake reconstruction cost put at more than $3 billionby Marianne Kearney Tue Jun 13, 11:01 AM ETJAKARTA (AFP) - Rebuilding Indonesia's quake-hit central Java will cost more than three billion dollars, with the scale of residential destruction rivalling that of the tsunami in Aceh.
Wed, 14 Jun 2006
RI a good place to learn ins and outs of dubious dealing
RI a good place to learn ins and outs of dubious dealingRendi Akhmad Witular, The Jakarta Post, JakartaAs a world heavyweight in corruption, Indonesia may be a haven for novice corruptors and white-collar criminals around the world to learn how to launder money derived from illicit sources.
Tue, 13 Jun 2006
RI, Singapore leaders to ink deals on economic zones
http://www.talkingcock.com/html/index.php love this singa website!!
Tue, 13 Jun 2006
RI, Singapore leaders to ink deals on economic zones
RI, Singapore leaders to ink deals on economic zonesThe Jakarta Post, JakartaPresident Susilo Bambang Yudhoyono and Singapore Prime Minister Lee Hsien Loong are slated to sign an agreement on economic cooperation that will include arrangements for the establishment of special economic zones in...
Tue, 13 Jun 2006
Sona Topas to Invest Rp40 Billion
Sona Topas to Invest Rp40 BillionTuesday, 13 June, 2006 | 16:55 WIBTEMPO Interactive, Jakarta: PT Sona Topas Tourism Industry will invest Rp40 billion in order to expand duty free shops in Indonesia.Aryanto Agus Mulyo, Head of the Board of Commissioners of Sona Topas, said that the company is...
Tue, 13 Jun 2006
Minister upbeat about industrial growth in 2006
Minister upbeat about industrial growth in 2006Jakarta (ANTARA News) - Industry Minister Fahmi Idris said here on Monday he was optimistic the country`s industrial growth will meet the target of 7.7 percent in spite of the fact that growth in the first quarter had only reached 2.83 percent.
Tue, 13 Jun 2006
Yudhoyono to discuss economic cooperation with Singaporean Premier
Yudhoyono to discuss economic cooperation with Singaporean PremierJakarta (ANTARA News) - President Susilo Bambang Yudhoyono is scheduled to meet Singaporean Prime Minister Lee Hsien Loong in Batam on June 25, 2006 to discuss economic cooperation between the neighboring island state and Batam and...
Tue, 13 Jun 2006
World Bank prepares reconstruction program for quake victims Yogyakarta
World Bank prepares reconstruction program for quake victims YogyakartaYogyakarta (ANTARA News) - The World Bank will prepare US$50-60 million for funding the reconstruction program for the quake victims in Yogyakarta and Central Java.
Mon, 12 Jun 2006
Govt plans to build international port in Indramayu
which begs the question, whatever happened to the habour project in Bojonegara?! it's already partly built, and it seems to be a far better choice than indramayu, in terms of location and infrastructure.
Mon, 12 Jun 2006
Govt plans to build international port in Indramayu
Govt plans to build international port in IndramayuCirebon, W Java (ANTARA News) - The central government planned to build an international sea port in Cantigi sub-district, Indramayu district to reduce the burden of Tanjung Priok port which in the next five years will be busy handling exports and...
Sun, 11 Jun 2006
Indonesia's smoldering Mount Merapi slows tourism
ReutersIndonesia's smoldering Mount Merapi slows tourismBy Jalil Hamid 46 minutes agoMOUNT MERAPI, Indonesia (Reuters) - In the shadow of Mount Merapi, a 30-year-old woman selling snacks to tourists visiting the rumbling Indonesian volcano says business has never been this bad.
Thu, 08 Jun 2006
Indonesia rubber exports seen at 2.4 billion dollar this year
Indonesia rubber exports seen at 2.4 billion dollar this yearJakarta (ANTARA News) - Indonesia`s rubber exports this year will likely amount to 2.4 bln usd helped by strong demand and higher prices, Bisnis Indonesia reported citing an official at the Indonesia rubber association.
Thu, 08 Jun 2006
Business despairs of real reform in regions
Business despairs of real reform in regionsBenget Simbolon Tnb., The Jakarta Post, JakartaBusinesspeople normally state that the quality of local governance and institutions is the principal factor that helps determine whether they will invest in a particular region.
Thu, 08 Jun 2006
Power shortages deterring new investment
Power shortages deterring new investmentBenget Simbolon Tnb., The Jakarta Post, JakartaThe government's efforts to attract new investment will come to naught if state-owned power firm PLN cannot provide enough electricity, a senior businessman has said.
Wed, 07 Jun 2006
Korindo to produce wind mill tower
maybe they want to export the wind mill towers. You're right about the lack of wind in Indonesia. Except however I think Merapi has a lot of wind right now. Imagine the electrical power you can generate when it blows.
Wed, 07 Jun 2006
Korindo to produce wind mill tower
http://yosef-ardi.blogspot.com/2006/06/korindo-to-produce-wind-mill-tower.html Tuesday, June 06, 2006Korindo to produce wind mill towerSport shoes manufacturer PT Kostra Mas Jaya, a joint venture between Panwell Industrial Ltd (BVI) and PT Garuda Indawa, is expanding its business to produce wind...
Wed, 07 Jun 2006
Investors invited to develop mega resort complex in Bali
Investors invited to develop mega resort complex in BaliThe Jakarta Post, JakartaA Bali-based developer PT Bali Pecatu Graha (BPG) is offering 124.5 hectares of land to investors to support a mega property project valued at more than Rp 3 trillion (US$333 million) on barren Pecatu Hill in Jimbaran,...
Wed, 07 Jun 2006
ADB urges for boost in infrastructure spending
ADB urges for boost in infrastructure spendingUrip Hudiono, The Jakarta Post, JakartaWith both fiscal and macroeconomic stability in hand, the government should now turn its attention to achieving better economic growth, by increasing its development spending on basic infrastructure, the Asian...
Wed, 07 Jun 2006
Government looks to biofuel to stave of oil crisis
Government looks to biofuel to stave of oil crisisBenget Simbolon Tnb., The Jakarta Post, JakartaBad times make good policy, good times make bad policy. This adage succinctly sums up Indonesia's experience with oil.Indonesia has twice benefited from oil booms.
Wed, 07 Jun 2006
Govt looking into diversified energy sourcing amid oil crisis
Govt looking into diversified energy sourcing amid oil crisisBenget Simbolon Tnb., The Jakarta Post, JakartaA growing awareness around the world that the era of cheap oil is over appears to be finally sinking in.
Wed, 07 Jun 2006
RI aims to become major producer of biofuels
RI aims to become major producer of biofuelsBenget Simbolon Tnb., The Jakarta Post, JakartaThe price of oil continues to increase and the International Monetary Fund (IMF) has predicted the trend will persist for the next two decades. The Jakarta Post's Benget Simbolon Tnb.
Wed, 07 Jun 2006
The forgotten present from God
The forgotten present from GodRobert Manurung, who researches castor oil at the Bandung Institute of Technology (ITB), said castor oil is the most appropriate crop to use to produce biodiesel blended fuels.Castor oil requires a smaller investment than palm oil.
Tue, 06 Jun 2006
Guarantees offered for nervous investors
Guarantees offered for nervous investorsUrip Hudiono, The Jakarta Post, JakartaThe government has unfurled a range of risk-sharing, guarantee schemes for investors in major infrastructure projects in the country, part of its effort to realize crucial infrastructure development for higher economic...
Mon, 05 Jun 2006
Wali criticizes ministry ruling
Wali criticizes ministry rulingJAKARTA: The Indonesia Franchising and Licensing Society (Wali) has criticized the latest Trade Ministry decree, calling it ineffective and a waste of time as the government is in the process of issuing a new regulation on franchise businesses.
Mon, 05 Jun 2006
Unfinished bills may stall economic reform
Unfinished bills may stall economic reformRendi Akhmad Witular, The Jakarta Post, JakartaInvestor confidence in the country's economy may further dwindle as the government and lawmakers are showing no sense of urgency about completing the deliberation of key bills related to economic reform, even...
Sat, 03 Jun 2006
Indofood plans palm unit IPO
Indofood plans palm unit IPOThe Jakarta Post, JakartaGiant instant noodle maker PT Indofood Sukses Makmur is set to launch an initial public offering (IPO) for its crude palm oil business.The publicly listed company's president director, Anthoni Salim, said that the IPO plan had been adopted to...
Sat, 03 Jun 2006
Kutai Administration to buyback coal producer, why?
Kutai Administration to buyback coal producer, why?The rich Kutai Regency Administration in East Kalimantan province want to buyback 13% shares of PT Kaltim Prima Coal (KPC), the giant coal mining company which just divested by PT Bumi Resources Tbk to PT Borneo Lumbung Energi, at market price.
Sat, 03 Jun 2006
Indonesia faces huge rebuilding job
Indonesia faces huge rebuilding jobBy CHRIS BRUMMITT, Associated Press Writer Fri Jun 2, 2:23 PM ETTELAN, Indonesia - It is 7:30 a.m., and Soliman and his wife are hard at work, digging through the rubble of their quake-destroyed house and neatly stacking reusable bricks, tiles and wooden posts.
Sat, 03 Jun 2006
Bali dream homes: resiliently ever-rising
Bali dream homes: resiliently ever-risingBy Vaudine England International Herald TribuneFRIDAY, JUNE 2, 2006SEMINYAK, Indonesia Although hotel reservations in Bali plummeted - at least temporarily - after the terrorist bombings of October 2002 and October 2005, investments in dream homes have never...
Fri, 02 Jun 2006
EPFM sets sights on Java to double sales growth
EPFM sets sights on Java to double sales growthThe Jakarta Post, JakartaSouth Sulawesi-based PT Eastern Pearl Flour Mills (EPFM) is aiming to expand its market in the crucial Java region by introducing new 1 kilogram packs of its flour products.
Fri, 02 Jun 2006
CPO, coal drove RI exports in April
CPO, coal drove RI exports in AprilUrip Hudiono, The Jakarta Post, JakartaIndonesia's main commodities -- crude palm oil and coal -- continued to keep the country's export performance on track in April, with the overall value of exports rising 2 percent to US$7.
Fri, 02 Jun 2006
Jasa Marga looking to IPO in Q4
Jasa Marga looking to IPO in Q4Rendi Akhmad Witular, The Jakarta Post, JakartaAfter several delays caused by regulatory uncertainties, state-owned turnpike operator PT Jasa Marga is now gearing up to go public via an initial public offering in the fourth quarter of this year.
Fri, 02 Jun 2006
Investment From Middle East Doubtful
Investment From Middle East DoubtfulFriday, 02 June, 2006 | 15:16 WIBTEMPO Interactive, Jakarta: Economist Faisal Basri doubts the entry of investment from Middle East countries to Indonesia. He believes that the government is mistaken to expect funds to be transferred from the leaders of these...
Thu, 01 Jun 2006
Indonesian cement deal cracks open
Jun 2, 2006 Indonesian cement deal cracks openBy Bill GuerinJAKARTA - Cemex SA de CV, the world's third-largest cement maker, and Indonesia are parting ways after a bitter, protracted contractual dispute.
Thu, 01 Jun 2006
HSBC Indonesia gets capital injection
HSBC Indonesia gets capital injectionJAKARTA - The Hong Kong and Shanghai Banking Corp Ltd (HSBC) has given a capital injection of US$300 million to HSBC Indonesia to support expansion plans by its Indonesian unit.
Thu, 01 Jun 2006
Dutch businessmen to invest in Indonesia
Dutch businessmen to invest in IndonesiaJakarta (ANTARA News) - A number of Dutch businessmen have expressed interest to invest in the infrastructure, drinking water, health equipment and financial sectors, Chief Economic Minister Boediono has said.
Thu, 01 Jun 2006
Hard for Industry to Reach 7.7 Percent Growth
Hard for Industry to Reach 7.7 Percent GrowthWednesday, 31 May, 2006 | 10:08 WIBTEMPO Interactive, Jakarta: The target of industrial growth of 7.7 percent set by the Department of Industry is going to be difficult to achieve.Muhammad S.
Thu, 01 Jun 2006
HSBC expands into personal loan market
HSBC expands into personal loan marketThe Jakarta Post, JakartaThe Hongkong and Shanghai Banking Corporation (HSBC), already well known in Indonesia as a credit card issuer, is keen to further tap Indonesia's personal loan market as shown by its latest product -- a collateral-free loan scheme for...
Wed, 31 May 2006
World Bank Assisting Reconstruction in Yogyakarta
World Bank Assisting Government to Assess Losses and Support Reconstruction in YogyakartaJakarta, May 30, 2006 -- The President of the World Bank, Mr. Paul Wolfowitz, has promised the full support of the World Bank Group for reconstruction in the aftermath of the devastating earthquake in...
Tue, 30 May 2006
Sinar Mas boost shares in toll road operator
Sinar Mas boost shares in toll road operatorSinar Mas Group has been aggresively expanded its business in the last few years. After the banking business comeback last year with the acquisition of small bank PT Bank Shinta through PT Sinar Mas Multiartha, the listed financial sub-holding of Sinar...
Tue, 30 May 2006
Indonesia damage raises tourism worries
Indonesia damage raises tourism worriesPrambanan, Indonesia (ANTARA News) - Damage to some of Java's cultural treasures in the Indonesian earthquake has raised fears about long-term effects on the local economy, which depends heavily on tourism.
Tue, 30 May 2006
PLN's Future Competitors
PLN's Future CompetitorsTuesday, 30 May, 2006 | 14:38 WIBTEMPO Interactive, Jakarta: The government will form several new electricity companies. These State-owned enterprises will operate in distribution and generating, not in the transmission.
Tue, 30 May 2006
WB to push infrastructure development
WB to push infrastructure developmentEndy M. Bayuni and Prodita Sabarini, The Jakarta Post, JakartaIt's full steam ahead for World Bank infrastructure lending thanks to the insistence of its new president, Paul Wolfowitz, who feels that the bank needs to be part and parcel of poverty eradication...