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Fri, 19 Dec 2008
Lombok Mineral Water Exported to Australia
TEMPO Interactive, Mataram:West Nusa Tenggara (NTB) governor Muhammad Zainul Madjdi yesterday released the first batch of bottled water produced by PT Narmada Awet Muda (NAM) exported to Melbourne, Australia.PT NAM director Pengki Yupiter said the business was started in 2006.
Fri, 19 Dec 2008
Government asked to follow Malaysia`s oil restriction
Jakarta (ANTARA News) - A scientist of the Indonesian Institute of Sciences (LIPI) has advised the government to follow Malaysia`s step in restricting its natural oil exploitation."Malaysia restricts its oil exploitation to about 630,000 barrels per day and gas consumption to 32,000 million...
Fri, 19 Dec 2008
Minister: castor oil machine trial run in Rote
Kupang, E Nusa Tenggara (ANTARA News) - Research and Technology State Minister Dr Kusmayanto Kadiman succeeded a trial operation of his Castor oil machine in Rote Ndao Regency, East Nusa Tenggara (NTT).
Fri, 19 Dec 2008
Govt to halve refined sugar imports next year
Jakarta, (ANTARA News) - The government will in 2009 cut refined and raw sugar imports by 50 percent and 20 percent each of their 2008 import quotas in a move to protect local production."The government is expected to cut its import quotas next year as sugar stocks begin to increase now,"...
Thu, 18 Dec 2008
Indonesia Earns US$1,8 Million at Dubai’s Furniture Exhibition
How many Indonesian officials does it take to fly to Dubai and secure US$1,8 million worth of transactions (whatever that is) in boomtown?
Thu, 18 Dec 2008
Indonesia Earns US$1,8 Million at Dubai’s Furniture Exhibition
Fuck me sideways!!!!!!!!!!!
Thu, 18 Dec 2008
Government pushing for more SEZs
A set of incentives have been prepared for businesses willing to operate in special economic zones (SEZs) to attract investment into the regions, with the government expecting the SEZ bill to soon be endorsed by lawmakers.
Thu, 18 Dec 2008
Mining law pushes companies
Alfian, The Jakarta Post, JakartaThe new mining law requires existing contract holders to submit a comprehensive plan for their entire working area, otherwise they may lose part of their designated mining area under a capping provision stipulated by the newly endorsed law.
Thu, 18 Dec 2008
Cutting CPO supply to raise prices: Will it work?
Felicia Barus, AnalystThe crude palm oil price has been through a roller-coaster journey in 2008. The journey started with prices at $995/ton in January, a peak was reached at $1,395/ton in March, then a steep drop to $435/ton in October, and the price is finally settling at around the $510/ton...
Thu, 18 Dec 2008
Bill passed to form independent tourism board
Erwida Maulia, The Jakarta Post, Jakarta The House of Representatives passed a new tourism bill into law Wednesday that orders the establishment of an independent board to promote Indonesia's tourism at home and abroad.
Thu, 18 Dec 2008
Indonesia Earns US$1,8 Million at Dubai’s Furniture Exhibition
TEMPO Interactive, Jakarta:Indonesia earned US$1,8 million worth of transactions at the international furniture exhibition in Dubai, the United Arab Emirates. The figure is 22.27 percent higher than that of last year’s.
Wed, 17 Dec 2008
Ministry to unload Rp 8t for port, navigation projects
The Jakarta Post, Jakarta In a bid to boost trade among regions, the Transportation Ministry is setting aside Rp 8 trillion (US$707 million) in the state budget to construct and develop ports and a shipping navigation system next year.
Wed, 17 Dec 2008
NZ free trade deal offers insufficient: Agriculture Minister
New Zealand's proposal for Indonesia to scrap tariffs on imported meat and dairy products will not benefit the development of Indonesia's dairy and meat industries, Agriculture Minister Anton Apriyantono says.
Wed, 17 Dec 2008
Investors reluctant to use Tanjung Wangi seaport
Investors in the Banyuwangi province in East Java have been reluctant to use Tanjung Wangi as an alternative seaport for exports and imports despite a efforts by the government to promote the port.Chairman of the East Java provincial branch of Indonesian Trade and Commerce (Kadin) Erlangga said the...
Wed, 17 Dec 2008
Import limitation to take place next month
No mention of Bali for beverages then?And I suppose Kalimantan does not import anything anyway!
Wed, 17 Dec 2008
Mita Valina Liem Miners Must Smelt Ore in Indonesia Under New Law
Mining firms operating in Indonesia will no longer be able to extract and directly export unprocessed ore, but instead will have to refine it locally before shipping it abroad, according to a provision of the mining law passed by the House of Representatives, or DPR, on Tuesday.
Wed, 17 Dec 2008
ASEAN tightens up to ride China's rise
CHIANG MAI - The 10-member Association of Southeast Asian Nations (ASEAN) launched a new joint charter on Monday that establishes mutual rules and commitments, moving the 41-year-old grouping one step closer to becoming a unified economic bloc.
Wed, 17 Dec 2008
Import limitation to take place next month
Trade Minister Mari Elka Pangestu bowed Monday to pressure for an immediate limitation on the entry of five categories of goods into certain ports and airports by issuing a revised policy that will take place on Jan. 1.
Wed, 17 Dec 2008
House digs deep to pass mining bill amid protest
Marred by protests and walkouts by several factions, legislators on Tuesday ended years of deliberation to endorse the contentious mining bill that includes provisions on revising the permit system and advocating a review of all existing contracts.
Wed, 17 Dec 2008
Airport Train Project Attracts Seven Potential Investors
TEMPO Interactive, Jakarta:Train Director-General Wendy Aritenang said seven domestic and international investors have submitted their proposal to take part in the 3.27 kilometer train project linking Jakarta to the Sukarno-Hatta- airport train.
Wed, 17 Dec 2008
Small, medium businesses provide 90 per cent of employee
Jakarta (ANTARA News) - Indonesian micro-, small-and medium-sized businesses (UMKMa) provide 99 percent of total employment in the country accomodating up to 90 percent of the country's workers, a national development planning official said.
Wed, 17 Dec 2008
Indonesia to open new trade promotion centers abroad
Jakarta (ANTARA News) - Indonesia plans to open 11 new Indonesian Trade Promotion Centers (ITPC) abroad at the end of this year, the head of the National Export Development Agency (BPEN), Bachrul Chairi, said here on Tuesday.
Tue, 16 Dec 2008
Minister Says Asean On Track For Single Market
The Association of Southeast Asian Nations, or Asean, is on track to create an Asean economic community, or AEC, by 2015 despite the delay of an association summit in Thailand that was scheduled for this week due to the political crisis there, Trade Minister Mari Pangestu said on Monday.
Tue, 16 Dec 2008
Asean agrees on liberalization of three sectors
Jakarta, (ANTARA News) - The economy ministers of the ASEAN member countries will sign an agreement on the liberalization of trade of goods and service, and investment to reach the ASEAN Economic Community (AEC) in 2015."On December 16, 2008, ASEAN economic ministers will meet in Singapore.
Tue, 16 Dec 2008
CSR Is A Double Taxation
TEMPO Interactive, Jakarta: The Constitutional Court began on Monday first hearing of the judicial review on regulation on corporate social responsibility filed by three businesspersons.MS Hidayat (The Indonesia Chamber of Commerce), Erwin Akasa (Indonesia Young Entrepreneur Association), and...
Mon, 15 Dec 2008
The new mining law
The new mining law which is scheduled to be enacted by the House of Representatives on Tuesday still stipulates the clause most dreaded by mining investors -- the licensing system in general mining and coal (excluding oil, natural gas and geothermal) will be changed from contract of work (CoW) to a...
Mon, 15 Dec 2008
Fresh milk producer imports cows
Due to increasing demand for fresh milk in Asia, fresh milk producer Greenfield has imported 360 pregnant cows from Australia to improve its production capacity.Greenfield processing manager Darmanto told The Jakarta Post here over the weekend his company, which had allocated Rp 108 billion (US$9.
Mon, 15 Dec 2008
Tourism promotion fund slashed as crisis worsens
Ni Komang Erviani, Contributor, Denpasar The tourism industry in Bali has criticized the provincial administration's decision to cut the tourism promotion fund in a bid to free up more money for health and poverty eradication programs.
Mon, 15 Dec 2008
Indonesia says New Zealand trade deal request intolerable, ‘peanuts’
Indonesia has accused New Zealand of giving “too few” while requesting “too many” special facilities that may harm certain Indonesian industries and cause massive job losses, during an ongoing free trade negotiation that could end in a deadlock.
Mon, 15 Dec 2008
Furniture makers gain $250m orders from China's loss
Although many industries are suffering from a drop in orders, furniture producers are enjoying extra orders worth US$250 million until next year, with U.S. customers shifting their orders from China to Indonesia.
Mon, 15 Dec 2008
Mining law may deter big investors: Associations
While it will certainly ensure more business, the soon-to-be passed mining bill is likely to discourage large multinational mining companies from investing in Indonesia, putting the future of the industry at stake, mining groups warn.
Mon, 15 Dec 2008
Investment Could Slow in ’09
Investment growth in Indonesia, from both domestic and foreign sources, is predicted to slow next year as the country feels the impact of the global slowdown. Tensions in domestic politics ahead of next year’s elections may also see investors delay some of their plans, economists said.
Mon, 15 Dec 2008
Garment exports doing well despite global crisis next year
The Jakarta Post, Jakarta Thanks to investment worth around Rp 4 trillion (US$363 million), garment-making businesses are expected to grow by 11.4 percent by year-end, and another 10 percent next year.Garments account for 60 percent of Indonesia's textile and textile products (TTP).
Mon, 15 Dec 2008
Government Offices Must Use Locally-Made Furniture
TEMPO Interactive, Jakarta:Vice President Jusuf Kalla has promised that he will instruct all government departments/institutions to use locally-made furniture. This measure is being taken as an effort to save the furniture industry and expand the market domestically.
Sun, 14 Dec 2008
AGO says ministry's documents unlawful
you can count on it.hot off the heals of the latest company articles "upgrading", which cost every single company in indonesia several million Rp each, now they will hit some companies again for having company registration certificates that have been signed by the 'wrong' person.
Sun, 14 Dec 2008
AGO says ministry's documents unlawful
Dian Kuswandini, The Jakarta Post, JakartaThe Attorney General's Office (AGO) said Friday all legal documents issued under an online administration system of the Justice and Human Rights Ministry were unlawful because they were signed by a private company.
Sat, 13 Dec 2008
New Import Rules Delayed
Trade Minister Mari Pangestu Postpones Tough New Import Rules to Get Help Get Indonesian Businesses through the Holiday Season.(12/13/2008) Kompas reports that the government will postpone the implementation of new import regulations due to take effect from December 15, 2008.
Sat, 13 Dec 2008
Government Moves to Clean Up Real Estate Sector
Foreign Real Estate Agents Barred from Directly Operating in Indonesia While Local Agents to be Better Regulated.Bali News: Government Moves to Clean Up Real Estate Sector(12/13/2008) Bisnis Indonesia recently carried an article indicating that the government is preparing to intervene in the...
Sat, 13 Dec 2008
Ministries at odds over market protection
The Trade Ministry and Industry Ministry are at odds on how to protect the domestic market from a projected influx of imported goods as the global economic slowdown cuts demand, resulting in massive excess in supply in the international market.
Sat, 13 Dec 2008
Thousands Provincial Tax Regulations Abolished
TEMPO Interactive, Jakarta:The government has abolished thousands of provincial regulations and draft laws on tax and retribution because they conflict with public interests and other regulations."Autonomy is often misinterpreted as auto-money," said Finance Department's Financial...
Fri, 12 Dec 2008
Protecting domestic industries
Foreign governments and businesspeople have been complaining about what they consider restrictive import barriers the Indonesian government has slapped on certain goods.However, further analyses would show that what the Trade Ministry has been doing so far is mostly protecting the domestic market...
Fri, 12 Dec 2008
Mining Bill Passage Imminent
The House of Representatives, or DPR, settled some controversial issues regarding the country’s proposed mining law late on Thursday, including the use of mining permits instead of contracts, which should clear the way for the bill to become law as early as Tuesday, House members said.
Thu, 11 Dec 2008
Foreign investment up, Jakarta takes most
Endowed with rich natural resources and a large population, Indonesia is becoming more attractive for investors as indicated by an increase in the number of realized direct investment projects involving foreign businesspeople.
Thu, 11 Dec 2008
MSMEs to be in special economic zones: Govt
The government is considering to mandate and set aside an allotted space for micro, small and medium enterprises (MSMEs) in special economic zones (SEZs) under a new draft law.Trade Minister Mari Elka Pangestu said Wednesday in a House of Representatives hearing it was necessary to provide MSME...
Thu, 11 Dec 2008
The Time to Invest Is Now, Says Kalla
Teguh Prasetyo & Sally PiriDespite the slowing world economy, Vice President Jusuf Kalla on Wednesday encouraged businesses not to delay long-term investments, especially projects that would be completed in two to three years and could benefit from a recovery boom once the global financial...
Thu, 11 Dec 2008
2009 Growth May Fall to 4.4 %
Muhamad Al AzhariIn a report released on Wednesday, the World Bank said Indonesia’s economic growth rate could slow to 4.4 percent next year from 6 percent in 2008, assuming a prolonged global economic recession affecting both investment and exports.
Thu, 11 Dec 2008
Alarm at protectionist trend in Jakarta
Foreign governments and business people are becoming alarmed that Indonesia’s policies to mitigate the impact of the global financial crisis are creating trade barriers that violate World Trade Organisation obligations, despite its promises to abstain from protectionism.