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Thu, 20 Apr 2006
Freeport Indonesia pays US$1.2bn in tax
Tax, security and law is one corelation (for this mining).
Wed, 19 Apr 2006
Freeport Indonesia pays US$1.2bn in tax
Indonesia (Elang, Sumbawa). A recent guerrilla attack on a Newmont Mining Corp exploration team forced the company to evacuate 130 people and suspend operations in the area. This attack follows numerous violent protests against the resource extraction industry in the country -- which generates 12...
Wed, 19 Apr 2006
Freeport Indonesia pays US$1.2bn in tax
Apr 20, 2006 Freeport Indonesia pays US$1.2bn in taxJAYAPURA, Papua - PT Freeport Indonesia (FI), which has been in the spotlight for alleged environmental-unfriendly gold, silver and copper mining activities in Tembagapura, Mimika district, paid US$1.
Wed, 19 Apr 2006
President advises handicraft traders to create int'l trade marks
Apr 19 17:58President advises handicraft traders to create int'l trade marks Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said national handicraft product traders should begin to think of creating their own international trademarks that are often the key to success in the overseas...
Wed, 19 Apr 2006
Indonesia embraced by Calpers
Indonesia embraced by CalpersBy Arijit Ghosh and Naila Firdausi Bloomberg NewsWEDNESDAY, APRIL 19, 2006JAKARTA The California Public Employees' Retirement System, the largest U.S. pension fund, has added Indonesia to the list of countries in which its fund managers may invest, helping Indonesian...
Wed, 19 Apr 2006
Riyadh, Jakarta to Set Up Refinery Project in Indonesia
Riyadh, Jakarta to Set Up Refinery Project in IndonesiaM. Ghazanfar Ali Khan, Arab News RIYADH, 19 April 2006 - Dr. Alwi Shihab, a special envoy of Indonesian President Susilo Bambang Yudhoyono, said Saudi Arabia and Indonesia are working on a proposal to set up a joint refinery project in...
Wed, 19 Apr 2006
Bakrie Sumatera builds biodiesel plant
Apr 19 00:37Bakrie Sumatera builds biodiesel plant Jakarta (ANTARA News) - PT Bakrie Sumatera Plantations Tbk (BSP), in association with PT Rekayasa Industri (Rekin), will soon build a bio-diesel plant with a capacity of 60,000 to 100,000 tons a year at a cost of US$25 million.
Tue, 18 Apr 2006
Bali struggles to revive tourism
I love bali, I am going there soon Bali I am coming!!!
Tue, 18 Apr 2006
Bali struggles to revive tourism
Quote:Originally posted by KuKuKaChu: ["Why don't they come back? We are going bankrupt," the waiter said. "The level of occupancy is so low. It is so scary," said Ratna Radja Ully, secretary of the Bali branch of the Pacific Asia Travel Association.
Tue, 18 Apr 2006
Bali struggles to revive tourism
Bali struggles to revive tourismBy Benito Lopulalan Agence France-PresseMONDAY, APRIL 17, 2006DENPASAR, Indonesia A waiter at one of the seafood restaurants strung along Bali's Jimbaran Bay gestures toward the other end of the beach, a sparsely populated stretch of sand where suicide bombs were...
Tue, 18 Apr 2006
US$10 Million Investment Required For Indonesia
US$10 Million Investment Required For IndonesiaTuesday, 18 April, 2006 | 15:38 WIBTEMPO Interactive, Jakarta: The government estimated that Indonesia requires a US$5-10 million (RP90 billion) investment to accelerate the investment growth in Indonesia's outer islands.
Mon, 17 Apr 2006
Motorcycle sales down in first quarter
Motorcycle sales down in first quarterThe Jakarta Post, JakartaThe Association of Indonesian Motorcycle Manufacturers is optimistic this year's sales target can be achieved despite a drop in sales during the first quarter.
Sat, 15 Apr 2006
Indonesia to start producing biodiesel fuel next year
Apr 15 13:42Indonesia to start producing biodiesel fuel next year Batam (ANTARA News) - Minister of Energy and Mineral Resources Purnomo Yusgiantoro said here on Friday he hoped several regions in Indonesia would be able to start producing biodiesel fuel from castor kernel as an alternative fossil...
Sat, 15 Apr 2006
Furniture makers urged to widen material base
Furniture makers urged to widen material baseFurniture makers must diversify their raw materials and begin moving away from teak, mahogany and rattan, to cope with acute shortages of these materials, an industry official says.
Sat, 15 Apr 2006
Local furniture industry sees declining market share
Local furniture industry sees declining market shareBenget Simbolon Tnb., The Jakarta Post, JakartaIndonesia's furniture industry is losing its market share to imported products as it faces increasingly tougher competition on the international market due to the influx of products from other Asian...
Thu, 13 Apr 2006
New law to bring issuance of local taxes into line
New law to bring issuance of local taxes into lineUrip Hudiono, The Jakarta Post, JakartaThe government, in another effort to improve the country's investment climate, has completed a new bill prohibiting regions from arbitrarily imposing local taxes.
Thu, 13 Apr 2006
Pertamina, Aramco considering to build oil refinery
Apr 13 04:18Pertamina, Aramco considering to build oil refinery Jakarta (ANTARA News) - Indonesian state-owned oil company Pertamina is considering to build an oil refinery in cooperation with the Saudi oil company Aramco.
Wed, 12 Apr 2006
WB praises economy, graft still a problem
WB praises economy, graft still a problemRendi Akhmad Witular, The Jakarta Post, JakartaWhile expressing confidence over progress in the country's economy, the World Bank has stressed the need for the government and legislature to boost efforts to root out rampant corruption.
Wed, 12 Apr 2006
Graft and the hajj - Jakarta on the spot
Graft and the hajj - Jakarta on the spotBy Donald Greenlees International Herald TribuneWEDNESDAY, APRIL 12, 2006JAKARTA Every year, more than 200,000 Indonesian Muslims join the pilgrimage to Mecca, Islam's most holy site.
Tue, 11 Apr 2006
Bakrie Brothers back in the black
Still would not do business with them if I could avoid it!
Tue, 11 Apr 2006
U.S. investors looking again at RI
U.S. investors looking again at RIAbdul Khalik. The Jakarta Post, JakartaU.S. investors are becoming more interested in putting their money into Indonesia's textile, commodities, furniture, mineral, and energy sectors amid an improving business and political climate here, a minister says.
Tue, 11 Apr 2006
Bakrie Brothers back in the black
Bakrie Brothers back in the blackThe Jakarta Post, JakartaAfter falling into the red in 2004, PT Bakrie and Brothers Tbk returned to the black in 2005 with net earnings and operating profits of Rp 267 billion (about US$28.8 million) and Rp 223 billion, respectively.
Sun, 09 Apr 2006
Exxon May Delay Cepu Oil Drilling on Rig Scarcity
He Kuku!Could not have said that better! Cepu is Indonesia's production -life preserver! Exxon, though it pains me to say this, got it right! The eventual production and processing of the field will allow Indonesia to be stand alone and once again a net exporter!
Sun, 09 Apr 2006
Exxon May Delay Cepu Oil Drilling on Rig Scarcity
foreign oil companies here are totally infused with the indonesian bureaucratic and rentier mind-set, which is why what should take, say, a month to achieve, takes a year. that's why exxon fought so hard to exclude pertamina from management of the Cepu block; they are parasites who don't give a...
Sun, 09 Apr 2006
Exxon May Delay Cepu Oil Drilling on Rig Scarcity
The funny thing is that there are rigs, pipe casing, bits, etc. all over this country, but there is so much B.S. to get anything done, that it's crazy. Your right though,there is no way they will drill 34 wells this year or probably next year either.
Sun, 09 Apr 2006
Exxon May Delay Cepu Oil Drilling on Rig Scarcity
Its not only the Rig shortage which is the problem, the logistics behind the drilling operation, Casing, Tubing and other associated equipment is on a 6-8 month delivery. So far Exon Mobil have not tendered for any of these components and with the bid process taking 2 months, drilling would not be...
Sun, 09 Apr 2006
Exxon May Delay Cepu Oil Drilling on Rig Scarcity
Exxon May Delay Cepu Oil Drilling on Rig ScarcityApril 7 (Bloomberg) -- Exxon Mobil Corp. and Indonesia's state oil company PT Pertamina may not drill at the $2.6 billion Cepu project until early next year because of a scarcity of rigs, further delaying production after a four-year ownership...
Sat, 08 Apr 2006
Indonesian inflation to hit 14%
Foreign investment required to life growth by 6-7%Inflation at 14%Welcome to the basket case economy.....Kismet 2, playing in a high street near you.
Sat, 08 Apr 2006
Indonesian inflation to hit 14%
Apr 8, 2006 Indonesian inflation to hit 14%JAKARTA - Asian Development Bank (ADB) predicts that Indonesian inflation will reach 14% this year, far exceeding the government's target of 8%.However, a sharp decline to 7.5% is expected in 2007, Country Director of ADB in Indonesia Edgar A Cua said.
Fri, 07 Apr 2006
Chief economic minister optimistic on 6 percent growth
Apr 07 14:27Chief economic minister optimistic on 6 percent growth Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs, Boediono expressed optimism that Indonesia could reach its target of economic growth of 6.2 percent in 2006.
Fri, 07 Apr 2006
Indonesia mulls leasing some of its thousands of islands to foreigners
Report: Indonesia mulls leasing some of its thousands of islands to foreigners JAKARTA, Indonesia Indonesia is considering leasing some of its 18,000 islands to foreign companies to build luxury hideaways, a newspaper reported Thursday.
Fri, 07 Apr 2006
The Papuans Say, This Land and Its Ores Are Ours
Letter From IndonesiaThe Papuans Say, This Land and Its Ores Are OursBy JANE PERLEZPublished: April 5, 2006JAKARTA, Indonesia, April 2 - Titus Natkime, 31, the son of a tribal leader who encountered the first Americans to walk into the wilderness of Papua nearly 50 years ago, was clearly upset with...
Fri, 07 Apr 2006
Tongue-tied expats breath easier after test plan delayed
Tongue-tied expats breath easier after test plan delayedRendi Akhmad Witular, The Jakarta Post, JakartaExpats working here will not be required to take a controversial Indonesian-language test for the first six months after the official entry into effect of the new policy due to fears that...
Thu, 06 Apr 2006
Bakrie launches major new development
yes, that did occur to me too. perks of office, perhaps.
Thu, 06 Apr 2006
Manufacture of Machinery for Agriculture to be Prioritized
Manufacture of Machinery for Agriculture to be PrioritizedWednesday, 05 April, 2006 | 17:21 WIBTEMPO Interactive, Jakarta: The Department of Industry is to prioritize the development of manufacturing machinery for agricultural process products, including equipment for palm oil and sugar processing,...
Thu, 06 Apr 2006
Canada intensifies its investment in Indonesia's infrastructure sector
Apr 06 01:44Canada intensifies its investment in Indonesia's infrastructure sector Jakarta (ANTARA News) - Indonesia and Canada agreed to intensify their economic cooperation through the private sector in a bid to enhance investment in Indonesia, especially in the infrastructure sector.
Thu, 06 Apr 2006
Australia-RI rift 'must not spill over into economy'
Australia-RI rift 'must not spill over into economy'Benget Simbolon Tnb., The Jakarta Post, JakartaWith tension still high between Indonesia and Australia, a number of business figures have urged the government not to let it spill over into the economy as this would only do more harm than good.
Thu, 06 Apr 2006
Bakrie launches major new development
Bakrie launches major new developmentPT Bakrie Development Tbk is planning to develop an integrated business district on 44.7 hectares of land in Kuningan, South Jakarta.The company's president, Marudi Surachman, said in Jakarta on Wednesday that the development of the business district, to be...
Thu, 06 Apr 2006
Government to revise decree on public procurements
Government to revise decree on public procurementsThe government is currently in the process of drafting a revised presidential decree on public procurements in an effort to reduce rampant corruption in the bureaucracy that has led to an inordinately high cost of doing business here, Vice President...
Thu, 06 Apr 2006
RI economic growth in first quarter 2006 predicted to reach 4.58%
Apr 06 01:17RI economic growth in first quarter 2006 predicted to reach 4.58% Jakarta (ANTARA News) - Indonesia`s economic growth in the first quarter of 2006 will be 4.58 % or slightly higher than the 4.
Thu, 06 Apr 2006
RI foreign exchange reserves reach record high of US$41.1 billion
Apr 06 01:20RI foreign exchange reserves reach record high of US$41.1 billion Jakarta (ANTARA News) - Indonesia`s foreign exchange reserves during the first three months this year reached US$41.1 billion, a figure never recorded before, Bank Indonesia (BI) Governor Burhanuddin Abdullah said.
Wed, 05 Apr 2006
RI, US to revive trade investment forum
Apr 04 21:56RI, US to revive trade investment forum Jakarta (ANTARA News) - The Indonesian and US governments as well as private parties have agreed to revive the US-Indonesia Trade and Investment Forum (USITIF) for discussing various trade opportunities, obstacles and investment, Trade Minster...
Wed, 05 Apr 2006
US, Indonesia eye future free trade agreement
US, Indonesia eye future free trade agreementBy Doug Palmer Tue Apr 4, 6:14 PM ETWASHINGTON (Reuters) - The United States and Indonesia launched talks on Tuesday to curb illegal logging that threatens the Southeast Asian country's rain forests and advanced other initiatives that could lead to a...
Wed, 05 Apr 2006
Robust rupiah pierces important 9,000 level, closes at 16-month high
Robust rupiah pierces important 9,000 level, closes at 16-month highUrip Hudiono, The Jakarta Post, JakartaThe rupiah continued to strengthen Tuesday, reaching a 16-month high as easing inflation and a stable interest rate outlook boosted investor confidence in the country's economy.It ended 0.
Tue, 04 Apr 2006
Tourist arrivals down in February
Tourist arrivals down in FebruaryThe Jakarta Post, JakartaForeign tourist arrivals in the first two months of this year declined by nearly 15 percent compared to the same period last year amid the bird-flu scare and anti-Western demonstrations here following the controversial publication of...
Tue, 04 Apr 2006
Minister annoyed by costly procedures, vows change
Minister annoyed by costly procedures, vows changeRidwan Max Sijabat, The Jakarta Post, JakartaNewly appointed Manpower and Transmigration Minister Erman Suparno says he is shocked at the mass of red tape employers here have to wade through to hire expatriates and has pledged to quickly review the...
Tue, 04 Apr 2006
Employers want red tape slashed for expatriate workers
Employers want red tape slashed for expatriate workersRidwan Max Sijabat, The Jakarta Post, JakartaThe complicated and time-consuming immigration system for employing expatriates is turning off investors and needs urgent reform, employers say.
Tue, 04 Apr 2006
Money talks for smooth processing of work, stay permits
Money talks for smooth processing of work, stay permitsRidwan Max Sijabat, The Jakarta Post, JakartaStop by Floor M of the Manpower and Transmigration Ministry on Jl. Gatot Subroto in South Jakarta to witness a finely honed bureaucratic process in full working order.
Mon, 03 Apr 2006
Investment-hungry Indonesia must fight corporate locusts
Investment-hungry Indonesia must fight corporate locustsBudi Widianarko, SemarangI took pleasure in reading Ong Hock Chuan's column in this newspaper (March 24, 2006) that commented sympathetically on the Indonesian Chamber of Commerce and Industry's statement defending the interests of foreign...