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Thu, 14 Jun 2007
Financial boost for SMEs and listed firms
The government finally unveiled Tuesday its long-awaited package of new economic policy reforms that will, among other things, provide tax incentives for publicly listed companies and facilitate easier access to bank loans for small and medium enterprises (SMEs).
Thu, 14 Jun 2007
Govt encouraging investors to build cement factories outside Java
Jakarta (ANTARA News) - The government is encouraging investors to set up cement factories outside Java on the ground that demand for the commodity in the other islands is high but often not met, an Industry Ministry official said.
Wed, 13 Jun 2007
Govt to revitalize strategic industries
Jakarta (ANTARA News) - The government will soon revitalize state firms engaged in strategic industries, including aircraft maker PT Dirgantara Indonesia (DI)."I think the country is now able to revitalize state firms engaged in strategic industries," State Enterprises Minister Sofyan Djalil said...
Wed, 13 Jun 2007
Tourism Departement preparing "Visit Indonesia Year"
Jakarta (ANTARA News) - The government`s culture and tourism department is currently making preparations for the launching of a "Visit Indonesia Year" in the middle of 2007, a spokesman said."A `Visit Indonesai Year` (VIY) is now in the final phase of preparation.
Wed, 13 Jun 2007
Three state mining firms to be joined in holding company soon
Jakarta (ANTARA News) - The government is soon to realize its plan to form a holding company comprising three state-owned mining companies -- PT Aneka Tambang , PT Tambang Batu Bara Bukit Asam and PT Timah -- named Indonesia Resource Company (IRC)), a spokesman said.
Tue, 12 Jun 2007
No Oil Palm in Primary Forests: Minister
Indonesia won't allow oil palm growers to cut primary forests for establishing plantations, State Minister for Environment Rachmat Witoelar said.Indonesia is trying to reduce emissions of greenhouse gases, 75% of which result from deforestation.
Tue, 12 Jun 2007
Tax service introduces 'one-stop-shop' offices
The Finance Ministry's Directorate General of Taxation officially starts operating "one-stop-shop" tax offices Tuesday in line with the ministry's mission to "modernize" the service by next year.The new offices, called "Pratama Tax Service Offices", will offer taxpayers more convenience as they...
Tue, 12 Jun 2007
Kalimantan-Java gas pipeline to go ahead as scheduled, vows official
PT Bakrie & Brothers has finally received the green light from the government to continue work on its US$1.26 billion gas pipeline linking East Kalimantan and Central Java, despite earlier uncertainty over the gas supply for the project.
Tue, 12 Jun 2007
Mobile-8 merges subsidiaries to boost efficiency
The country's fourth largest CDMA-based cellular operator, Mobile-8 Telecom, has completed the merger of three of its subsidiaries, PT Komunikasi Selular Indonesia (Komselindo), PT Metro Selular Nusantara (Metrosel) and PT Telekomindo Selular Raya (Telesera), to reduce operating costs.
Mon, 11 Jun 2007
Taiwanese delegation surveys business opportunities in RI
A trade delegation from Taiwan made up of more than 30 leading Taiwanese companies is currently in Indonesia to explore business opportunities."The Indonesian market has great potential for our well-known mechanical and IT products.
Mon, 11 Jun 2007
Artha Graha expands partnership in seed business
Despite a recent deficit in the country's agricultural sector, the Artha Graha Group, headed by politically well connected businessman Tomy Winata, has expanded its push into the hybrid seed business with its Chinese partner company.
Mon, 11 Jun 2007
Tommy Soeharto eying oil palm business in Maluku
Ambon (ANTARA News) - National businessman Tommy Soeharto (youngest son of former President Soeharto) is eying a oil palm potential in Maluku which has areas with bright prospect for the business, a local official has said.
Mon, 11 Jun 2007
Sharp decline in gas exploration wells drilled in Indonesia
They forgot to mention that new Gas Wells prospects, because of the fact that they are situated in the relatively unexplored deep water areas cost much more to drill with no guarantee of a find. This costs substantially more than an onshore "oil well" exploration due to the higher technology which...
Mon, 11 Jun 2007
U.S. companies in SE Asia say corruption, protectionism hurt business in region: survey
SINGAPORE (AP): American companies in Southeast Asia say corruption is a "major impediment" to doing business in the region, except in Singapore, according to a survey of U.S. businesses released Friday.
Mon, 11 Jun 2007
Temasek denies monopolistic practices in Indonesia's mobile phone sector
JAKARTA(AP): Singapore's state-owned investmentcompany, Temasek Holdings, denied Thursday it was involved in monopolistic practices in Indonesia's telecommunications industry.It also said it was "disappointed" Indonesia's competition watchdog, known as the KPPU, was intensifying an investigation...
Mon, 11 Jun 2007
China, Indonesia to expand cooperation
Chinese Premier Wen Jiabao met with Indonesian Vice President Yusuf Kalla in Beijing on Friday, calling for expanding cooperation between the two countries.Speaking positively of the China-Indonesia relations, Wen said he hopes the two sides could work out an action plan on their strategic...
Mon, 11 Jun 2007
Sharp decline in gas exploration wells drilled in Indonesia
Jakarta (ANTARA News) - The annual number of natural gas exploration wells drilled in Indonesia dropped by as much as 50 percent in the past nine years, oil observer Kurtubi said here on Saturday."The problem is that no new reserves were found in the upstream sector," he said adding that before...
Sun, 10 Jun 2007
Keeping the Locals in Stitches
Bali's Garment Sector Has Shrunk Dramatically Since 2005 Terrorist Attack.Bali News: Keeping the Locals in Stitches(6/9/2007) The Indonesian-language BisnisBali reports that around 70% of the companies involved in Bali's off-the-rack garment trade have ceased operations in the aftermath of the...
Sun, 10 Jun 2007
Spending Less and Leaving Sooner
New Figures Confirm that the Length of Stay in Bali is Less than 4 Days.Bali News: Spending Less and Leaving Sooner(6/9/2007) Tempo Interaktif reports that length of stay (LOS) and average spending levels are on the decline for foreign visitors to Bali.
Sun, 10 Jun 2007
Siambalo to develop jatropha plantations
JAKARTA: PT Siambalo is developing a jatropha plantation on one-million hectares of plantation land in North Sumatra at a cost of Rp 44 trillion (US$1.5 billion).The company's president director, Ravavi Wilson, said Friday that the jatropha plantations, located in Samosir, Tanah Karo and Deli...
Fri, 08 Jun 2007
Temasek denies monopolistic practices in Indonesia's mobile phone sector
JAKARTA(AP): Singapore's state-owned investmentcompany, Temasek Holdings, denied Thursday it was involved in monopolistic practices in Indonesia's telecommunications industry.It also said it was "disappointed" Indonesia's competition watchdog, known as the KPPU, was intensifying an investigation...
Fri, 08 Jun 2007
NZ exploring investment possibilities in E Kalimantan
Samarinda, E Kalimantan (ANTARA News) - New Zealand is looking into the possibility of investing in East Kalimantan`s eco-tourism and micro hydro power plants."There are two things in East Kalimantan in which we may be interested to make an investment, namely eco-tourism and micro hydro power...
Fri, 08 Jun 2007
US$8.5 billion foreign funds enter Indonesia in past five months
Jakarta (ANTARA News) - Foreign funds totaling US$8.5 billion have entered Indonesia in the last five months from January through May 2007, a Bank Indonesia official said here on Thursday."The funds consist of US$3.96 billion in state bonds (SUN), US$3.
Thu, 07 Jun 2007
Very slow growth in number of Indonesia tax payers, official
Originally Posted By: KuKuKaChu[size:14pt]He said the slowness in the increase in the number of individual tax payers was due to the fact that the directorate general of taxes had not yet provided maximum service to the people while the people`s desire to pay taxes was still low.
Thu, 07 Jun 2007
Very slow growth in number of Indonesia tax payers, official
Jakarta (ANTARA News) - The number of individual tax payers in Indonesia increased by only 200,000 to 300,000 a year during the past five years, the country`s top tax official said."In addition, only about 33 percent to 34 percent of them pay their taxes regularly," Darmin Nasution, director...
Thu, 07 Jun 2007
President confident investment climate in Indonesia will ameliorate
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono was confident that the investment climate in Indonesia would ameliorate as the government has worked hard to improve its services to foreign investors who wished to sink their capital in the country.
Thu, 07 Jun 2007
Government Prepares CPO Export Duty Increase
TEMPO Interactive, Jakarta: The government will monitor the development of cooking oil price before increasing the export duty on crude palm oil (CPO) export duty.CPO and cooking oil producers are regarded as not yet having been optimum in terms of market operations.
Wed, 06 Jun 2007
Ramos-Horta out to bring RI money to Timor Leste
Visiting Timor Leste President Jose Ramos-Horta promised improvements in his country's security situation, and held out the prospect of a simplified tax system to help woo Indonesian investors back to their old stomping ground.
Wed, 06 Jun 2007
RI's shipbuilding industry set for fair weather
The shipbuilding industry is recovering from a two-year-long downturn as shipbuilders benefit from an influx of both domestic and overseas orders."The industry is expected to grow by 9.5 percent this year and surpass 10 percent next year as shipbuilders have received major orders from both local...
Wed, 06 Jun 2007
Foreign Investors Eye Low-Cost Apartments
Originally Posted By: doremiNormally on this situation, what kind of corporate structure require to complete this project? a 100% foreign-owned PMA company would be possible for such a project. However, the construction company would either need to be 100% indonesian, or a PMA construction...
Wed, 06 Jun 2007
Foreign Investors Eye Low-Cost Apartments
Normally on this situation, what kind of corporate structure require to complete this project? With land belonging to the locals; do the foreign companies own the building for a limited time? forever?
Tue, 05 Jun 2007
RI`s non-oil exports drop 3.75 pct
Jakarta (ANTARA News) - Indonesia`s non-oil exports in April reached a total value of US$7.35 billion or down 3.75 percent from the previous month`s figure, the Central Bureau of Statistics (BPS) reports.
Tue, 05 Jun 2007
Monthly exports down for second time this year
The latest trade figures show that Indonesia's monthly exports declined 3.7 percent in April to US$8.85 billion from $9.19 billion a month earlier.The monthly decrease was due mostly to a 3.45 percent decrease in oil and gas exports and a 3.
Tue, 05 Jun 2007
Austrian firms may set up biodiesel businesses here
At least three Austrian companies are investigating the possibility of becoming involved in the "green energy" business here to help boost the development of biodiesel."Energea, BioDiesel International and the Christof Group are discussing the biodiesel business with a number of leading Indonesian...
Tue, 05 Jun 2007
More Geothermal Plants Planned
To help ease the threats of power shortages in remote areas, state electricity firm PT PLN plans to build 30 power plants which will be powered by coal or geothermal. The plants are planned for outside Java with an estimated total capacity to reach 1,852 MW by 2010.
Tue, 05 Jun 2007
Astra Sees H1 Vehicle Sales at 180,000 Units
PT Astra International sees total domestic vehicle sales at 180,000 units in the first half of 2007, company director Johnny Darmawan said on Tuesday (29/5/07).The company had said that total domestic vehicle sales may top 400,000 units this year, recovering from a slowdown in 2006 when the market...
Tue, 05 Jun 2007
Unilever to Boost Capacity
After a year in which it put on 19% improved net profit, PT Unilever Indonesia will spend around Rp500 million this year on increasing production capacity, The Jakarta Post reported.Unilever Indonesia booked a net profit of Rp1.72 trillion ($194.68 million) in 2006, up from Rp1.44trillion in 2005.
Tue, 05 Jun 2007
Telkom May Spend $2b on Expansion
PT Telkom may spend as much as $2 billion this year to expand its networks and fend off competition, its president commissioner Tanri Abeng said.The state company expects sales to rise more than 20% in 2007 with the addition of millions of users to its mobile network, Abeng said Monday (28/5/07) in...
Tue, 05 Jun 2007
Govt. to Restrict Expansion of Hypermarkets
Trade Minister Mari Pangestu said the government will issue a regulation restricting the expansion of hypermarkets to protect small retail traders, Antara reported on Tuesday (29/5/07).Pangestu said her department will issue the regulation.
Tue, 05 Jun 2007
Foreign Investors Eye Low-Cost Apartments
Several foreign investors have shown interest in investing in low-cost apartments for rent, to be built in various regions in Indonesia, Housing Minister Yusuf Asyari said, according to Antara."Several foreign investors have already come to Indonesia, including from Malaysia and the Middle East,...
Mon, 04 Jun 2007
Bill promises taxpayer protection
The House of Representatives and the government promised the bill for general taxation arrangements and procedures, which was agreed to by a special committee last week, would guarantee equality between taxpayers and the tax office.
Mon, 04 Jun 2007
Government Prepares CSR Legal Basis
TEMPO Interactive, Jakarta: The government will create a legal basis for matters related to corporate social responsibility (CRS).According to Social Affairs Minister Bachtiar Chamsyah, there is a large possibility that the legal basis will be prepared this year.
Mon, 04 Jun 2007
Entrepreneurs Push for Fuel Oil Tax to be Abolished
TEMPO Interactive, Jakarta: Industry players hope that the government is serious in responding the proposal to abolish the industry fuel oil value-added tax (VAT) of 10 percent per liter.The proposal for the fuel oil tax abolition was in response to the possibility of fuel oil price hikes in line...
Mon, 04 Jun 2007
Shortage of skilled workers hits oil and gas companies
clearly the problem is not that they can't find them but there are many issues that stand in the way of finding these people. Some that spring to mind include:1. BP Migas who always slow down any recruitment process2.
Mon, 04 Jun 2007
Shortage of skilled workers hits oil and gas companies
Originally Posted By: Dilli"A participant from a human resources consulting firm said despite searching, the firm could not find "the perfect candidates" to work on the Natuna D-Alpha gas block in the Natuna Sea"Whats the money like? clearly less than perfect ...
Mon, 04 Jun 2007
Shortage of skilled workers hits oil and gas companies
"A participant from a human resources consulting firm said despite searching, the firm could not find "the perfect candidates" to work on the Natuna D-Alpha gas block in the Natuna Sea"Whats the money like?
Sun, 03 Jun 2007
Nusa Dua Reporting Record Occupancies
Improved Business at BTDC Attributed to Increase in Meetings and Conferences in Bali.Bali News: Nusa Dua Reporting Record Occupancies(6/2/2007) The Indonesian-language BisnisBali reports that meeting and conference bookings to Bali are the cause of record occupancy levels in the hotels found within...
Sun, 03 Jun 2007
Plastics industry seeks government support against imported products
More than a decade after its heyday, the plastics industry is struggling to survive as it deals with a decline in raw materials and a lack of government support, the Indonesian Olefin and Plastic Industry Association (Inaplas) said Wednesday.
Sun, 03 Jun 2007
New Economic Policy Package Being Prepared
TEMPO Interactive, Jakarta: The government will cut the time it takes to issue a business license to 30 days from the previous 197 days.This decision is one of the policies included in a new economic package that will be launched in a few days’ time.
Sun, 03 Jun 2007
On holydays
I love holidays. But I never like the way the Government (here and elsewhere) assigns national holidays. The Coordinating Minister of Social Welfare just announced the national holidays and joint leave ('cuti bersama') days schedule for 2008. The total number of days is 23.