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Wed, 10 May 2006
Indonesia's Debt Ranking Rises
What Indonesian government need is to spent money wisely and spent it well in the area that increase INVESTORS CONFIDENCE. Projects are short term economic generetors, but, spending in the areas of Corporate Governance and Compliances, reducing red tapes, reducing (REALLY2 REDUCING) corruptions...
Wed, 10 May 2006
Indonesia's Debt Ranking Rises
The authority of economics will consistently fix up the economic structure and investment situation to make continue as a condition for economic raise., protecting for domestic industry production with bring out import garment’s policy formulation giving export-import tax inspective for capital...
Wed, 10 May 2006
Car sales in Indonesia plunge more than 50%
May 10 11:30Car sales in Indonesia plunge more than 50%Jakarta (ANTARA News) - Car sales dropped from 26,837 units in March to 22,578 units in April, the lowest monthly sales so far this year and less than 50% of sales in the same month last year.
Wed, 10 May 2006
Jakarta hopes to clean up with biodiesel fuel
Jakarta hopes to clean up with biodiesel fuelThe Jakarta Post, JakartaVehicle owners in Jakarta will have the choice of buying a more environmentally friendly alternative to diesel fuel when state oil and gas company Pertamina starts selling biodiesel fuel in its gas stations in mid-May.
Tue, 09 May 2006
Indonesia's Debt Ranking Rises
Indonesia's Debt Ranking RisesTuesday, 09 May, 2006 | 15:35 WIBTEMPO Interactive, Jakarta: Moody's Investors Service believes Indonesia's economic performance this year is becoming better. That is why this international rating organization will raise Indonesia's foreign debt ranking next week.
Tue, 09 May 2006
Govt forecasts sees weaker rupiah next year
Govt forecasts sees weaker rupiah next yearRendi Akhmad Witular, The Jakarta Post, JakartaThe government, while expecting a higher inflow of investment and export revenues, remains conservative in predicting the exchange rate of the rupiah to the greenback next year.
Mon, 08 May 2006
Activists weigh in on Oxfam graft case
Activists weigh in on Oxfam graft caseTb. Arie Rukmantara, The Jakarta Post, JakartaTo maintain the integrity of Aceh reconstruction, aid agency Oxfam International should press charges against its staff members allegedly involved in graft worth US$22,000 in its Aceh Besar office, activists said.
Mon, 08 May 2006
'Transparency reforms the key to controlling corruption'
'Transparency reforms the key to controlling corruption'Jail sentences are becoming more and more common for those judged guilty of corruption, but according Daniel Kaufmann of the World Bank, prison is not going to be enough to wipe out graft.
Mon, 08 May 2006
Rupiah likely to stay stable even if rate cut
Rupiah likely to stay stable even if rate cutUrip Hudiono, The Jakarta Post, JakartaThe country's high-yielding capital markets and strong foreign exchange reserves should help the rupiah withstand the central bank's expected cutting of its key interest rate this week, analysts say.
Sat, 06 May 2006
Govt mulling incentive package to back biofuel-related projects
Govt mulling incentive package to back biofuel-related projectsThe Jakarta Post, JakartaThe government is considering offering fiscal and administrative incentives to investors planning to produce biofuel as part of an alternative energy program designed to reduce the use of fossil-based fuels.
Sat, 06 May 2006
Regions told to streamline investment regulations
Regions told to streamline investment regulationsBenget Simbolon Tnb., The Jakarta Post, JakartaFive years after rolling out local autonomy in a bid to pave the way for better governance, regencies and municipalities should have had sufficient time by now to improve their business climates.
Sat, 06 May 2006
Rajawali aims to up SG stake after buying out Cemex
Rajawali aims to up SG stake after buying out CemexThe Jakarta Post, JakartaLocal investor, the Rajawali Group, which has agreed to purchase Mexican cement giant Cemex SA's stake in PT Semen Gresik (SG) for US$337 million, said it was interested in increasing its holding in the country's largest...
Sat, 06 May 2006
LG chooses RI for ASEAN refrigerator production base
LG chooses RI for ASEAN refrigerator production baseThe Jakarta Post, TangerangLG Electronics Indonesia opened its second Indonesian refrigerator plant Wednesday at a cost of US$16 million in Tangerang, Banten, targeting a 160 percent increase in production to 1.5 million refrigerators this year.
Sat, 06 May 2006
Cemex to sell SG stake to Rajawali
Cemex to sell SG stake to RajawaliThe Jakarta Post, JakartaCemex SA, the world's third-largest cementmaker, announced Thursday it would sell its stake in Indonesia's largest cement company PT Semen Gresik SG to local investor Rajawali Group.The Mexican-based company would sell the 24.
Sat, 06 May 2006
Microsoft exec says lack of English obstacle to IT industry
Microsoft exec says lack of English obstacle to IT industryArya Dipa, The Jakarta Post, BandungThe poor English skills of local information technology businesspeople is a main obstacle to the development of IT-based applications in Indonesia, an executive with PT Microsoft Indonesia said Thursday.
Fri, 05 May 2006
APBI urges govt to lift export duty
APBI urges govt to lift export dutyThe Jakarta Post, JakartaThe Indonesian Coal Mining Association (APBI) urged the government to drop the 5 percent duty on coal exports as it had placed a "huge burden" on the country's coal producers.
Fri, 05 May 2006
International Finance Company Aims at 20 Thousand Businesses
International Finance Company Aims at 20 Thousand BusinessesFriday, 05 May, 2006 | 16:20 WIBTEMPO Interactive, Jakarta: The International Finance Corporation (IFC-PENSA), a World Bank group company, is coupled with PT Nusantara Bona Pasogit (NBP), a holding company of thirty three People's Credit...
Fri, 05 May 2006
State Saves Rp30 Trillion From LPG Subsidy
State Saves Rp30 Trillion From LPG SubsidyFriday, 05 May, 2006 | 16:15 WIBTEMPO Interactive, Jakarta: The government estimates there will be Rp30 trillion economizing, if the oil subsidy is transferred to liquefied petroleum gas (LPG).
Fri, 05 May 2006
Saudi Arabia, Kuwait to help build oil refineries in Indonesia
May 05 10:46Saudi Arabia, Kuwait to help build oil refineries in IndonesiaJakarta (ANTARA News) - President Susilo Bambang Yudhoyono said on Thursday Pertamina and oil companies from Saudi Arabia and Kuwait will build two oil refineries in Indonesia.
Fri, 05 May 2006
Oxfam to sack Aceh staff over fraud
Friday, May 5, 2006. 6:48pm (AEST)Oxfam to sack Aceh staff over fraudThe aid group, Oxfam International, says it will take disciplinary action against 22 staff in Indonesia, after an investigation revealed fraud at one of its offices in Aceh.The organisation has since recovered $26,000 in losses.
Thu, 04 May 2006
Use of rupiah to be mandatory under new law
Use of rupiah to be mandatory under new lawThe Jakarta Post, JakartaThe government is drafting a new legal tender bill that will require individuals and businesses to use rupiah when conducting transactions within the country.
Thu, 04 May 2006
Additional regulations needed for cellular phone businesses
Additional regulations needed for cellular phone businessesThe Jakarta Post, JakartaIndonesia's cellular telecommunication business needs additional rules to assure healthy competition, a committee member of the Indonesian Telecommunications Regulatory Body (BRTI) has said.Bambang P.
Thu, 04 May 2006
Shell: Pertamina acting unfairly if dumping fuel
May 04 10:21Shell: Pertamina acting unfairly if dumping fuelJakarta (ANTARA News) - The Indonesian unit of Royal Dutch Shell Group said it does not oppose PT Pertamina's decision to sell non-subsidized fuels at lower prices near its stations, so long as it does not constitute dumping.
Wed, 03 May 2006
CPO producers seek government support
correction, Indonesia this year produce 15.4 million tonne of CPO. Indonesia government still trying our the biodiesel but you were right about the subsidy.
Wed, 03 May 2006
CPO producers seek government support
CPO producers seek government supportRendi Akhmad Witular, The Jakarta Post, JakartaPalm oil producers urged the government Tuesday to help the industry expand by providing more land, as well as help prevent environmental disputes with non-governmental organizations.
Wed, 03 May 2006
Supreme Court Chief Retained Despite Scandals
May, 03 2006 @ 10:09 amSupreme Court Chief Retained Despite ScandalsRoy TupaiDon’t expect criticism of Indonesia’s notoriously corrupt judiciary to end any time soon. Supreme Court chief justice Bagir Manan, who is embroiled in a bribery scandal and has a history of highly questionable...
Wed, 03 May 2006
Toyota lowers Indonesia sales target due to sluggish demand
Toyota lowers Indonesia sales target due to sluggish demandThe Jakarta Post, JakartaThe country's largest automobile manufacturer, PT Toyota Astra Motor, has lowered its new car sales target for this year to between 120,000 and 130,000 units, or between 28 and 34 percent less than last year's...
Tue, 02 May 2006
Marine Business Management Transferred To Private Ownership
Marine Business Management Transferred To Private OwnershipTuesday, 02 May, 2006 | 14:23 WIBTEMPO Interactive, Jakarta: The management of the marine sector will be fully transferred to private parties. The government's role has been so dominant that maritime industrial growth was slow.
Tue, 02 May 2006
UAE, Indonesia keen to boost economic ties
UAE, Indonesia keen to boost economic ties(Wam)2 May 2006 ABU DHABI - The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, held talks here yesterday at the Al Mushref Palace with Indonesian President Sisolo Bambang Yodhoyono, who is currently on a visit to the UAE.
Tue, 02 May 2006
Indonesia Q1 tourist arrivals down 13%
May 02 10:36INDONESIA Q1 TOURIST ARRIVALS DOWN 13.13 PCT YOY, BALI LEADS FALLJakarta (ANTARA News) - Foreign tourists arrivals during the first quarter to March dropped 13.13 pct year-on-year to 871,817 from 1.
Mon, 01 May 2006
Furniture industry seeks government help
Furniture industry seeks government helpBenget Simbolon Tnb., The Jakarta Post, JakartaThe furniture industry is urging the government to curb the illegal exportation of wood and rattan and take other steps to shore up the industry's declining market share at home and overseas.
Mon, 01 May 2006
Darmin faces tough job reforming tax office
Darmin faces tough job reforming tax officeRendi Akhmad Witular, The Jakarta Post, JakartaFinance Minister Sri Mulyani Indrawati's appointment of her long-time colleague Darmin Nasution as the new director general of taxation could be seen as sign of her distrust toward most bureaucrats at the...
Mon, 01 May 2006
SBY hopeful of Kuwait oil firm's investment in RI
SBY hopeful of Kuwait oil firm's investment in RIDadan Wijaksana, The Jakarta Post, Kuwait CityPresident Susilo Bambang Yudhoyono believes the interest of Kuwait Petroleum Company (KPC), a major energy firm in the region, to develop an oil refinery in Indonesia indicates improving bilateral...
Fri, 28 Apr 2006
Batam shopping promotion aimed at bagging tourists
I like batam, transit point to Singapore
Fri, 28 Apr 2006
Batam shopping promotion aimed at bagging tourists
Batam shopping promotion aimed at bagging touristsFadli, The Jakarta Post, BatamThe Batam city administration and the local tourism industry are to launch a "shopping adventure program" in early May to attract more overseas tourists to the island located in Riau Islands province.
Fri, 28 Apr 2006
Eterindo to Expand into Bio-diesel
Eterindo to Expand into Bio-dieselThursday, 27 April, 2006 | 08:19 WIBTEMPO Interactive, Jakarta: PT Eterindo Wahanatama will start producing biodiesel for fuel mixing.“The product will be produced by one of our affiliated companies, PT Anugerahinti Gemanusa in Gresik,” said Yudianto Kosman, an...
Fri, 28 Apr 2006
Sri Mulyani orders end to shoddy service
Sri Mulyani orders end to shoddy serviceRendi Akhmad Witular, The Jakarta Post, JakartaFinance Minister Sri Mulyani Indrawati quoted from Nobel laureate Amartya Sen in a stern reminder Thursday to government officials to prioritize their sense of public service over an inflated desire for power.
Thu, 27 Apr 2006
Mazda Announces Plans To Reenter Indonesian Market -Kyodo
Mazda Announces Plans To Reenter Indonesian Market -KyodoThursday April 27, 3:23 AM EDTTOKYO, Japan -(Dow Jones)- Mazda Motor Corp. (7261.TO) on Thursday officially announced plans to renter the Indonesian market through the establishment of a wholly owned sales company, PT Mazda Motor Indonesia,...
Thu, 27 Apr 2006
Medco buys 50% of gas field
Medco buys 50% of gas fieldJAKARTA - Publicly traded energy company PT Medco Energi Internasional said its wholly owned subsidiary Medco Far East Limited has acquired a 50 per cent stake in Block A gas field in Aceh.
Thu, 27 Apr 2006
Rp1.2 Trillion Funding for Goods Trains
Rp1.2 Trillion Funding for Goods TrainsWednesday, 26 April, 2006 | 15:30 WIBTEMPO Interactive, Jakarta: Next year the government will allocate Rp1.2 trillion in funding to develop goods trains infrastructure in Java.
Thu, 27 Apr 2006
Labor pains in Indonesia
From The Jakarta Eye http://www.jakartaeye.org/ Wednesday, April 26, 2006LABOR PAINS AND HYPNOTISED CHICKENSI was somewhat impressed that my latest filing for the Asia Times attracted comment from Melody Kemp.
Thu, 27 Apr 2006
Labor pains in Indonesia
Labor pains in IndonesiaBy Bill GuerinJAKARTA - Up in arms over a government proposal to amend the national labor law, Indonesia's powerful unions have threatened to stage a nationwide general strike next Monday that could cast another dark cloud over the country's already dimming investment...
Thu, 27 Apr 2006
BKPM reveals drop in actual FDI figures
BKPM reveals drop in actual FDI figuresUrip Hudiono, The Jakarta Post, JakartaHard work still lies ahead for the government despite its expectations of higher growth this year on more investments, with official figures showing actual overseas investment slowing down and a decline in proposals...
Sun, 23 Apr 2006
Sri Mulyani fires chiefs of tax, customs offices
Sri Mulyani fires chiefs of tax, customs officesRendi Akhmad Witular, The Jakarta Post, JakartaThe government has fired the chiefs of the tax and customs offices, a move widely seen as a renewed bid to root out graft in the notoriously corrupt agencies.
Fri, 21 Apr 2006
Indonesia's Bakrie to build power project
Apr 22, 2006 Indonesia's Bakrie to build power projectJAKARTA - PT Bakrie & Brothers is finalizing the feasibility study on a steam powered electricity generating project with a capacity of 1,320 megawatts in Cirebon, West Java.
Fri, 21 Apr 2006
Bakrie exports cranes to Australia
the nationalist morons are now becoming confused.
Fri, 21 Apr 2006
Bakrie exports cranes to Australia
So export out of Indo is ok, but import into Indo is a no no.
Fri, 21 Apr 2006
Chinese bizmen compain about RI collegues' inability to meet orders
Apr 20 22:04CHINESE BIZMEN COMPLAIN ABOUT RI COLLEAGUES' INABILITY TO MEET ORDERS Jakarta (ANTARA News) - Chinase businessmen have complained about Indonesian businessmen`s inability to take opportunities in supplying certain goods to China, a Chinese diplomat said.
Fri, 21 Apr 2006
Bakrie exports cranes to Australia
Bakrie exports cranes to AustraliaMerak, Banten, The Jakarta PostPT Bakrie Construction, a subsidiary of PT Bakrie & Brothers, is pushing ahead with the planned export of five rail-mounted gantry cranes worth US$8 million to Australia despite a call for a boycott of Indonesia's southern...