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Thu, 25 May 2006
Rate of Software Piracy in Indonesia Reaches 87 Percent
ipso facto, this means that 13% of all software sold/used in indonesia is legal. HA! i find that hard to believe. more like 4-5%, at the most!
Thu, 25 May 2006
Rate of Software Piracy in Indonesia Reaches 87 Percent
Rate of Software Piracy in Indonesia Reaches 87 PercentWednesday, 24 May, 2006 | 20:30 WIBTEMPO Interactive, Jakarta: The rate of software piracy in Indonesia is still high, standing at 87 percent, and this position has not changed for two years.
Wed, 24 May 2006
Mazda to set up own dealerships
Mazda to set up own dealershipsThe Jakarta Post, JakartaMazda Motor Corporation of Japan will start direct selling of its cars in July through its wholly-owned Indonesian subsidiary, PT Mazda Motor Indonesia (MMI), although it has only set itself a modest initial sales target of 500 cars by the end...
Wed, 24 May 2006
Cemex turns down government offer
Cemex turns down government offerRendi Akhmad Witular, The Jakarta Post, JakartaMexican cement giant Cemex SA has turned down the government's proposal to buy the company's shares in state-owned cement maker PT Semen Gresik (SG), saying that most of the government's proposal goes against the...
Wed, 24 May 2006
Why it's so difficult to eradicate corruption in Indonesia
Before I got married here we had to arrange a lot of paperwork in Jakarta, everywhere we went we paid extra to get it done quick but there was one place, I *think* it was the Foreign Affairs office that would not be hurried along. Come back tomorrow they said.
Wed, 24 May 2006
Why it's so difficult to eradicate corruption in Indonesia
Why it's so difficult to eradicate corruption in IndonesiaT. Sima Gunawan, JakartaYou don't have to be a businessperson or an international analyst to tell how corrupt Indonesia is. Whoever you are, once you set foot in the country, you'll get plenty of evidence from your interaction with corrupt...
Tue, 23 May 2006
Electricity Supply Critical in Java and Bali
Electricity Supply Critical in Java and BaliTuesday, 23 May, 2006 | 16:21 WIBTEMPO Interactive, Jakarta: The electricity supply in Java and Bali are experiencing a deficit because the gas supply to the Muara Karang and Tanjung Priok gas and steam-powered electricity generators (PLTGU) from the...
Tue, 23 May 2006
Stock Exchange and Rupiah Collapse
Stock Exchange and Rupiah CollapseTuesday, 23 May, 2006 | 16:13 WIBTEMPO Interactive, Jakarta: Jakarta's stock exchange collapsed yesterday. The composite stock price index dropped by 6.03 percent to the level of 1,309.045.
Tue, 23 May 2006
PLN hit by gas supply problem
PLN hit by gas supply problemRendi Akhmad Witular, The Jakarta Post, JakartaState-owned power utility PLN will have to incur extra expenditure on buying diesel to fire its power plants and avoid massive blackouts in Jakarta and Banten following a disruption to its gas supply.
Tue, 23 May 2006
Govt falls behind revenue targets
Govt falls behind revenue targetsThe Jakarta Post, JakartaTax revenue in the first four months of the year amounted to Rp 105 trillion (some US$11.6 billion), the Finance Ministry reported, up 24 percent compared to the same period last year on the back of intensified tax collection.
Tue, 23 May 2006
Wrong investment decision
Wrong investment decisionEditorial, The Jakarta PostWhat a new twist in the saga of Mexican cement company Cemex's eight years of frustrating investment operations in Indonesia.In late 1998, when the world's third largest cement group brought in hundreds of millions of dollars to acquire 25 percent...
Tue, 23 May 2006
Incentives for Strategic Industries
Incentives for Strategic IndustriesMonday, 22 May, 2006 | 17:59 WIBTEMPO Interactive, Jakarta: It has been proposed that tax incentive be implemented for strategic industries, which absorb many employees and increase the domestic technologic capabilities.
Tue, 23 May 2006
RI, Japan to renegotiate MRT project
RI, Japan to renegotiate MRT projectJakarta (ANTARA News) - Indonesia and Japan will renegotiate the terms and conditions for the implementation of a mass rapid tranport (MRT) project in Jakarta with the possibility that a minimum of 30 percent of the materials used in the work would be obtained...
Tue, 23 May 2006
Govt to complete regulation on infrastructure development in May
Govt to complete regulation on infrastructure development in MayJakarta (ANTARA News) - The Indonesian government will complete formulation of all its regulations on infrastructure development by the end of May so that no more regulatory obstacles to investment exist by June before the holding of...
Mon, 22 May 2006
U.S. car giant plans US$1.4 billion investment in RI
U.S. car giant plans US$1.4 billion investment in RIBenget Simbolon Tnb. and Prodita Kusuma Sabarini, The Jakarta Post, JakartaA United States-based automotive manufacturer has apparently expressed interest in building a car factory worth up to US$1.
Mon, 22 May 2006
PLN says Java-Bali to face 300 MW power deficit on gas shortage
PLN says Java-Bali to face 300 MW power deficit on gas shortageJakarta (ANTARA News) - State electricity firm PT Perusahaan Listrik Negara (PLN) said the integrated Java-Bali system is facing a power deficit of 300 megawatts due to a shortage of gas supply from BP West Java to PLN's Muara Karang...
Mon, 22 May 2006
Bank Indonesia : Rupiah has factored in Moody's ratings upgrade
Bank Indonesia : Rupiah has factored in Moody's ratings upgradeJakarta (ANTARA News) - The rupiah is not likely to strengthen further against the US dollar on the back of Moody's upgrade of Indonesia's sovereign ratings last week because the upgrades had been factored in by the market earlier, Bank...
Mon, 22 May 2006
Rupiah lower as US dollar rebounds on rate hikes expectations
Rupiah lower as US dollar rebounds on rate hikes expectationsJakarata (ANTARA News) - The rupiah was lower, pressured by some renewed dollar strength against other currencies, especially the yen, dealers said.
Sat, 20 May 2006
Govt needs to go the extra mile to attract investments: Kadin
Right kuku, just simple bureaucracy and no tip money everywhere and everytime we enter the door of government office. That make me piss off too when I only need my ID card.
Sat, 20 May 2006
Employers relaxing the pressure for revision of labor legislation
Employers relaxing the pressure for revision of labor legislationThe Jakarta Post, JakartaThe Indonesian Employers Association (Apindo) appears to be backing off on the proposed amendments to the 2003 Labor Law, saying that there are other more urgent ways in which the business climate can be...
Sat, 20 May 2006
Govt needs to go the extra mile to attract investments: Kadin
this is crap. "incentives" are not needed at all to attract investors to indonesia. what is required is very simply a stable economic environment where investors rights are not trampled over, and where they are not treated like criminals by the government, police, miliary and bureaucracy for daring...
Sat, 20 May 2006
Govt needs to go the extra mile to attract investments: Kadin
Govt needs to go the extra mile to attract investments: KadinBenget Simbolon Tnb., The Jakarta Post, JakartaThe Indonesian Chamber of Commerce and Industry (Kadin) has warned the government that enacting a new investment law and improving the macro economy would not be enough to generate sustained...
Sat, 20 May 2006
IMF Statement on Indonesia
Statement by IMF Staff at the Conclusion of the 2006 Article IV Consultation Discussions with IndonesiaPress Release No. 06/106May 19, 2006 Mr. Stephen Schwartz, Senior Resident Representative of the IMF in Indonesia, made the following statement in Jakarta today:"An IMF mission led by Mr.
Fri, 19 May 2006
Stanchart plans 'Indonesian Day' in all branches in 56 countries
Quote:Originally posted by KuKuKaChu: Despite the deteriorating image of Indonesia overseas, At least people are now admiting it. Australia is making plant on how it handles millions of refugees from another Islamic state gone crazy....
Fri, 19 May 2006
Yudhoyono slams 'unfair' global trade practices
Yudhoyono slams 'unfair' global trade practicesRendi Akhmad Witular, The Jakarta Post, JakartaPresident Susilo Bambang Yudhoyono has criticized imbalances in the international trade regime supported by most developed nations that limit access to agricultural products from poor and developing...
Fri, 19 May 2006
Ailing economy a threat to RI democracy: Survey
Ailing economy a threat to RI democracy: SurveyM. Taufiqurrahman, The Jakarta Post, JakartaMore than 70 percent of Indonesians in a recent survey believe democracy is the best of all political systems but they are far less happy about the economy, and support for alternative authoritarian systems...
Fri, 19 May 2006
Freeport's Work Contract Questionable
Freeport's Work Contract QuestionableFriday, 19 May, 2006 | 14:06 WIBTEMPO Interactive, Jakarta: The Supreme Audit Agency (BPK) assumes the composition of PT Freeport Indonesia's work contract is inaccurate so Freeport has the potential to put the state at a loss.
Fri, 19 May 2006
BRI to lend Rp 2t to corn growers
BRI to lend Rp 2t to corn growersThe Jakarta Post, JakartaState-owned Bank Rakyat Indonesia (BRI) will extend some Rp 2 trillion (US$219 million) in loans to farmers to help turn Sulawesi Island into a center of corn production, National Corn Council chairman Fadel Muhammad said Thursday.
Fri, 19 May 2006
S'pore trade chamber inaugurated
S'pore trade chamber inauguratedThe Jakarta Post, JakartaAbout 80 business executives from Singaporean firms operating in Indonesia inaugurated a chamber of commerce Thursday to represent there interests here.
Fri, 19 May 2006
Stanchart plans 'Indonesian Day' in all branches in 56 countries
Stanchart plans 'Indonesian Day' in all branches in 56 countriesThe Jakarta Post, JakartaDespite the deteriorating image of Indonesia overseas, Standard Chartered Bank plans to hold an "Indonesian Day" on Monday in all of its branches in 56 countries in a bid to increase awareness about Indonesia's...
Fri, 19 May 2006
Pertamina to import 7.5 mln barrels of fuel/month in June, July
Pertamina to import 7.5 mln barrels of fuel/month in June, JulyJakarta (ANTARA News) - State oil-and-gas firm PT Pertamina plans to import 7.5 mln barrels of fuel a month in June and July, slightly higher than the 7.4 mln barrels planned for this month, marketing director Achmad Faisal said.
Fri, 19 May 2006
Moody's upgrades Indonesia
MOODY'S UPGRADES INDONESIA'S RATINGSNew York New YorkVincent J. Truglia Steven A. HessManaging Director VP - Senior Credit OfficerSovereign Risk Unit Sovereign Risk UnitMoody's Investors Service Moody's Investors ServiceJOURNALISTS: 212-553-0376 JOURNALISTS: 212-553-0376SUBSCRIBERS: 212-553-1653...
Fri, 19 May 2006
Govt advised to be careful about Cemex`s shares sale
May 18 22:10Govt advised to be careful about Cemex`s shares saleJakarta (ANTARA News) - The Indonesian government, the state enterprises ministry in particular, should be careful in handling the sale of Cemex`s 25.53-percent stake in PT Semen Gresik, an economic observer said.
Fri, 19 May 2006
Indonesia, Singapore to develop special economic zones
May 18 20:54Indonesia, Singapore to develop special economic zonesJakarta (ANTARA News) - Indonesia and Singapore plan to sign an agreement to develop special economic zones (SEZ) in Batam and Bintan in June, Singapore ambassador to Indonesia Edward Lee said here on Thursday.
Thu, 18 May 2006
Bank Indonesia denies planning to apply foreign exchange control policy
May 18 16:45Bank Indonesia denies planning to apply foreign exchange control policyDenpasar, Bali (ANTARA News) - Bank Indonesia (BI - central bank) Governor Burhanuddin Abdullah on Thursday denied rumours that the central bank would apply a foreign exchange control policy to prevent the rupiah...
Thu, 18 May 2006
Indonesia's economic reform tightrope
May 19, 2006 RISKY BUSINESSIndonesia's economic reform tightropeBy Federico BordonaroPresident Susilo Bambang Yudhoyono is actively wooing new foreign investment to boost the Indonesian economy. While that newfound openness definitely sends a positive signal overseas, he still faces four big...
Thu, 18 May 2006
More Indonesian Workers in Singapore Commit Suicide
More Indonesian Workers in Singapore Commit SuicideThursday, 18 May, 2006 | 15:33 WIBTEMPO Interactive, Jakarta: The number of Indonesian workers (TKI) in Singapore committing suicide has increased.Fachry Sulaiman, Head of the Consular Section at the Indonesian Embassy in Singapore, said that in...
Thu, 18 May 2006
Indonesia shares fall 3.62 percent, rupiah at fresh low
May 18 13:22Indonesia shares fall 3.62 percent, rupiah at fresh lowJakarta (ANTARA News) - Indonesian share prices slid 3.62 percent during the morning session Thursday amid worries over further US interest rate hikes and as the rupiah also fell sharply against the dollar, dealers said.
Thu, 18 May 2006
Indonesians main buyers of Singapore apartments
Indonesians main buyers of Singapore apartmentsThe Jakarta Post, SingaporeIndonesians are registered as the largest foreign buyers of high-end homes in Singapore, exceeding other traditional buyers like Malaysia and Hong Kong, a report said.
Thu, 18 May 2006
Rupiah fall driven by global factors - Budiono
Is it true that Indonesia is attractive for investment? From past discussions here, and reading the media, I thought that the Goverment were trying to change things around because Indonesia is not a place people wanted to do business.
Thu, 18 May 2006
Rupiah fall driven by global factors - Budiono
May 18 10:37Rupiah fall driven by global factors - BudionoJakarta (ANTARA News) - The rupiah's fresh slide against the dllar is caused by global factors, given that government policies remain atractive for investment here, Coordinating Minister for the Economy Budiono said.
Thu, 18 May 2006
Plantations in C Kalimantan keep expanding
May 17 20:38Plantations in C Kalimantan keep expandingPalangka Raya (ANTARA News) - The planting of oil palm, rubber and coconut trees as well as other plantation commodities in Central Kalimantan has kept on expanding thanks to the implementation of the plantation commodities cultivation program...
Wed, 17 May 2006
Palm oil industry killing orangutans
Palm oil industry killing orangutansFemke van den Bos, JakartaIt will only take up to two or three years of rain forest destruction if the current rate continues to determine the fate of the orangutan. The populations of orangutans that will still exist in 2008 will not be viable anymore and the...
Wed, 17 May 2006
Biodiesel to be Available as from May 20
Biodiesel to be Available as from May 20Wednesday, 17 May, 2006 | 19:11 WIBTEMPO Interactive, Jakarta: PT Pertamina, the state-owned oil & gas company, is to start selling five percent Biodiesel - to be called as Biosolar - as from May 20.
Wed, 17 May 2006
Jakarta eyes palm oil for fuel
Jakarta eyes palm oil for fuelBy Bill GuerinJAKARTA - Spiking global oil prices have fuel-importing countries everywhere examining the potential of lower-cost biofuels to save on their fuel bills and shore up national energy security.
Wed, 17 May 2006
BI: No fundamental reasons for rupiah to "continously fall
May 17 10:38Bank Indonesia : No fundamental reasons for rupiah to "continously fall"Jakarta (ANTARA News) - Central Bank Indonesia governor Burhanuddin Abdullah said the market perceives no fundamental reasons for the rupiah to "continuously fall".
Wed, 17 May 2006
Government likely to terminate gas exports
Government likely to terminate gas exportsThe Jakarta Post, JakartaIn line with the government's plan to optimize gas utilization at home, a minister says he is considering the gradual halting of liquefied petroleum gas (LPG) exports.
Wed, 17 May 2006
Fears rise over investor confidence as govt warned against scuttling Cemex
Fears rise over investor confidence as govt warned against scuttling CemexThe Jakarta Post, JakartaIndependent experts have warned the government not to thwart the planned sale of Cemex's shares in PT Semen Gresik (SG) to local investor Rajawali Group as this would only further damage investor...