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Fri, 18 Dec 2009
Indonesia Defends Palm Plantations
Copenhagen. Indonesian delegates on Wednesday night promoted the country’s palm oil industry as sustainable at the UN climate talks, in the wake of a recently-published Greenpeace report accusing Indonesia’s largest palm oil producer of deception and illegalpractices.
Fri, 18 Dec 2009
Russian investors ready to build tourist resort in Indonesia
Tanjungpinang, Indonesia (ANTARA News/Asa Pulse) - Russian investors were ready to develop a tourist resort in Bintan, Riau Islands Province, Mardhiah, head of the integrated Bintan district licensing and investment promotion body, said here Wednesday.
Fri, 18 Dec 2009
RI`s manufacturing products not ready to compete for China market
Jakarta (ANTARA News) - A business figure said Indonesia`s manufacturing products are not ready to compete for access to China market."We have no strong basis for entering the China market. I think we are not ready to meet the Asean-China Free Trade Agreement," Sofjan Wanandi said at a...
Thu, 17 Dec 2009
Indonesia to fix economic growth constraints
Indonesia plans to introduce a slew of changes to address problems in its infrastructure, logistics, electricity and labour sectors in order to attract more investment and create jobs, said Trade Minister Mari Pangestu.
Thu, 17 Dec 2009
Jakarta Investors Eye Properties in South Sulawesi
TEMPO Interactive, Makassar: The Real Estate Indonesia (REI) has issued the good news that in 2010, Jakarta entrepreneurs will invest in and develop several strategic housings in Makassar .“Investment and property development in Jakarta and Java has reached a saturation point.
Thu, 17 Dec 2009
Work Hard to Compete with Foreign Workers
TEMPO Interactive, Jakarta:It will take a lot of hard work to offset the foreign workers invasion as a result of the ASEAN – China free trade era which begins in January 2010, Manpower and Transmigration Minister Muhaimin Iskandar, said in Jakarta yesterday.
Thu, 17 Dec 2009
Property Investments to Rise
TEMPO Interactive, Jakarta:Investments in the property sector next year may be rising as a result of stable economic condition and low interest rates. “Compared to 2009, investments may be up by 10 percent,” Cushman Wakefield analyst, Andi Susanto Loe, said Jakarta yesterday.
Thu, 17 Dec 2009
RI Cooperating internationally to avoid transfer pricing losses
Jakarta (ANTARA News) - Indonesia has concluded cooperation agreements with 58 other countries to avoid losses from transfer pricing, a Finance Ministry official said."We have cooperation agreements with 58 countries to prevent losses from transfer pricing," Djoko Slamet Surjoputro,...
Thu, 17 Dec 2009
Sustainable Oil Palm Plantations Conference Meets in Jakarta
Sustainable Oil Palm plantation conference meets in Jakarta on 21-22 Jan 2010 to offer clarity on sustainable palm oil plantations and pinpoint opportunities & challenges of investing in Indonesia's oil palm sector.
Thu, 17 Dec 2009
Govt to liberalize 8,000 commodities
Jakarta (ANTARA News) - The government is likely to liberalize the import of around 8,000 commodities from other ASEAN member states in January 2010 as a follow-up to the Free Trade Agreement (FTA), a Finance Ministry official said.
Thu, 17 Dec 2009
Economist: difficult to compete with Chinese products
Jakarta (ANTARA News) - BNI economist Tony Prasetyantono said it is difficult for Indonesia to compete with imported Chinese products as the result of the Free Trade Agreement between ASEAN and China."It is difficult to seek a win-win solution from the agreement, a win-lose solution appears to...
Thu, 17 Dec 2009
Indonesia Moves to Speed Business Licensing
Four ministries and the Investment Coordinating Board on Wednesday signed a joint regulation aimed at slashing the time needed to license a new business from 60 days to just 17.Vice President Boediono said the new policy was designed to raise the country’s ranking in the annual “Doing...
Wed, 16 Dec 2009
President calls on German bizmen to invest in RI
"We invite you to participate in our national development. Do come to Indonesia to invest because there are now plenty of investment and business opportunities there," the President told the German business makers.Get tae absolute fuck.
Wed, 16 Dec 2009
Indonesia’s first private railway project ready for construction
A group of investors will soon begin building the first ever private railway in Indonesia, worth US$1 billion, as a key part of the planned development of a massive $5 billion integrated industrial facility in East Kalimantan.
Wed, 16 Dec 2009
President calls on German bizmen to invest in RI
Berlin (ANTARA News) - Visiting Indonesian President Susilo Bambang Yudhoyono has called on German investors to invest in Indonesia arguing that the investment and business climate in the country had much improved.
Wed, 16 Dec 2009
Alcohol Shipments to be Released ‘Soon’
After being hit with a hefty fine for under-reporting imports of alcohol, state importer PT Sarinah said on Tuesday that dozens of containers would soon be released from Jakarta’s Tanjung Priok port to meet the increased demand during the Christmas and New Year holidays.
Wed, 16 Dec 2009
Fiscal Policy Head Suggest More Spending on Infrastructures
TEMPO Interactive, Jakarta: The Fiscal Policy at the Finance Department said indonesia's current debt ratio has reached a save level for the government to consider expansive fiscal policies to finance infrastructure projects, and suggested the government to provide stimulus to boost economic growth...
Wed, 16 Dec 2009
Government to Seek Free Trade Delay on 300 Products
TEMPO Interactive, Jakarta: The Coordinating Ministry for the Economy is seeking to delay free trade mechanism on hundreds of products from 12 sectors ahead of the beginning of the ASEAN – China Free Trade Agrement beginning on January 1st next year.
Wed, 16 Dec 2009
Ports ready to operate 24/7 by January 2010: Officials
The government plans to start running Indonesia’s ports around-the-clock by early January to speed up customs clearance and reduce logistics costs, officials said Tuesday.“All ports will operate 24 hours, starting from Tanjung Priok Port [in Jakarta],” said Edy Putra Irawadi, deputy in charge...
Wed, 16 Dec 2009
Doing Business in Indonesia 2010 Bahasa Indonesia cities ranking Doing Business in Indonesia 2010 compares business
Indonesia cities ranking Doing Business in Indonesia 2010 compares business regulations across 14 Indonesian cities. The report focuses on local and national regulations that affect 3 stages in the life of a small to midsize domestic firm: starting a business, dealing with construction permits, and...
Wed, 16 Dec 2009
Starting a Business in Indonesia? Yogya’s the Place to Be
Yogyakarta is the easiest city in Indonesia to start a business in, way ahead of Jakarta, which ranked just seventh of 14 Indonesian cities in a new survey.The study, released on Tuesday by the International Finance Corporation, also revealed that Manado and Makassar would hold their own globally...
Tue, 15 Dec 2009
Exposition on Bamboo Products Design
TEMPO Interactive, Yogyakarta:The Affandi Museum in Yogyakarta is featuring a bamboo products design exposition from December 14 to 17. The products displayed consist of musical instruments, souvenirs and toys created by 21 finalists of the 2009 Awi-awi Mandiri competition.
Tue, 15 Dec 2009
Unilever cuts palm oil purchases from Indonesia's PT Smart
Unilever announced it was suspending future purchases from palm oil supplier PT Smart.The move followed allegations that the Indonesian company's plantations are contributing to the destruction of high conservation value forests and expanding onto peat lands.
Tue, 15 Dec 2009
Five political risks to watch in Indonesia
JAKARTA, Dec 15 (Reuters) - Indonesia has emergedremarkably strongly from the global economic crisis, but hopesamong investors that the government would quickly push throughreforms have been dented by controversy over corruption.
Tue, 15 Dec 2009
Regions still lack quality in investment-related services
Most regional administrations in the country are still lagging in the quality of services given to investors, a survey carried out by the Regional Autonomy Watch (KPPOD) reveals.A survey, conducted in 291 regencies and cities across the country, shows that the quality of regional investment support...
Tue, 15 Dec 2009
FTA to benefit both sides: China
China ambassador to Indonesia Zhang Qiyue said Monday the under-discussion free trade agreement (FTA) between ASEAN and China would help both sides to obtain goods and services and attract investment."This FTA will bring many opportunities for both sides.
Tue, 15 Dec 2009
RI-China FTA rules unlikely to be delayed: China says
While local industries are seeking a delay in the full implementation of the free trade agreement (FRA) with China, to start in January, China says this stands little chance of succeeding.The heads of agreement for the Indonesia-China FTA - which forms part of the wider ASEAN-China FTA - was signed...
Tue, 15 Dec 2009
Sri Mulyani: RI`s economy to perform better next year
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati has expressed optimism the domestic economy in 2010 will grow at a faster pace than this year`s depending on banks' soundness and credit chanelling.
Tue, 15 Dec 2009
Additional Power On The Way for Java and Bali, PLN Says
Shut it Jack ya big heemasex.
Mon, 14 Dec 2009
IFC: Speed of reforms provides strength to attract investment
JAKARTA, Dec. 14 (Xinhua) -- The International Finance Corporation (IFC), a subsidiary of the World Bank, on Monday said that the speed of reforms implementation is more important than rank in attracting investment.
Mon, 14 Dec 2009
Indonesia's reformers under attack, worry investors
JAKARTA (Reuters) - Indonesia's improving political and economic outlook was a big draw for investors this year, but a fight between reformers and cronies may prove to be a tipping point in sentiment for the region's biggest economy.
Mon, 14 Dec 2009
RI’s coal, gas power plants promising, EU study says
A recent study for the European Union has highlighted Indonesia’s nascent coal and gas power plant sector as among the most promising for investors from the continent.The study, revealed last week, said Indonesia, with strong annual economic growth of more than 5 percent over the past several...
Mon, 14 Dec 2009
IFC eyes $100m efficient energy projects
With green energy awareness on the rise, Indonesia could have up to US$100 million worth of efficient energy projects in the next two years, the International Finance Corporation (IFC) predicts.IFC efficient energy program manager Tom Moyes said in an interview last week that his organization was...
Mon, 14 Dec 2009
Indonesian Chamber Eyes China Import Controls
Hoping to prevent cheap Chinese products from flooding domestic markets, the Indonesian Chamber of Commerce is calling on the government to tighten quality controls at the nation’s import gates.Local manufacturers have voiced concerns about being unprepared for the Asean-China Free-Trade...
Mon, 14 Dec 2009
Booze Sitting on Docks Has Indonesia's Hospitality Sector in a Spin
Dozens of containers filled with wine and spirits are being held up by customs at the country’s largest port, causing restaurants and hotels to worry they will be unable to meet the Christmas and New Year holiday demand.
Mon, 14 Dec 2009
Bumi Waras to build CPO processing plant in Bengkulu
Bengkulu (ANTARA News) - National Investor Bumi Waras (BM) Group will build a CPO (Crude Palm Oil) processing plant in Pino Raya sub district, South Bengkulu District, Bengkulu Province.The company would invest tens of billions of rupiahs for the CPO processing plant, according to Risman Sipayung,...
Sun, 13 Dec 2009
Govt to try increasing income from taxes
Jakarta (ANTARA News) - Finance Minister Sri Mulyani said the government would strive to increase its nominal income from taxes by 17 percent a year."With regard to policy the state`s income will be dominated by tax income rising from 78 percent to 84 percent and the tax ratio will rise in...
Sat, 12 Dec 2009
Economy can grow faster on logistics improvement
Indonesia’s economy may expand closer to 6 percent next year if the government can address problems related to sea transportation and ports, prominent economist Faisal Basri said.Faisal, who spoke in a seminar on politic and economic outlook held by Antara news agency, Thursday, said...
Fri, 11 Dec 2009
Carlyle Says ‘Stars Aligned’ for Indonesia, Seeks Investments
Dec. 11 (Bloomberg) -- Carlyle Group, the world’s second- biggest private-equity company, is “actively exploring opportunities” for its first investment in Indonesia as buyout firms raise bets on the resource-rich nation.
Fri, 11 Dec 2009
Additional Power On The Way for Java and Bali, PLN Says
Quoting: MarmaladeWho says history can't be re-written? http://jawawa.net/index.php?id=15119&topic=10068
Fri, 11 Dec 2009
Additional Power On The Way for Java and Bali, PLN Says
Quoting: KuKuKaChueditting Ahem.
Fri, 11 Dec 2009
Additional Power On The Way for Java and Bali, PLN Says
Indonesia state electricity firm PT Perusahaan Listrik Negara’s coal-fired power project in Labuan, Banten province, will be fully operational by March and will supply the Java-Bali grid with an additional 600 megawatts, State-Owned Enterprises Minister Mustafa Abubakar said on Thursday.
Fri, 11 Dec 2009
F&B expects stricter imports despite planned AC-FTA
The Indonesian Food and Beverage Industry Association (Gapmmi) has asked the government to enforce a 2008 Trade Ministry regulation on imports of some products, including those regulated under a free-trade agreement with the Association of Southeast Asian Nations and China (AC-FTA).
Fri, 11 Dec 2009
Hatoyama draws Japanese investors` attention to Indonesia
Nusa Dua (ANTARA News) - Japanese Prime Minister Yukio Hatoyama called on investors in his country to turn to Indonesia as an ideal place for investment, as the two countries have also sucessfully maintained a long time friendship."Take Indonesia into consideration.
Fri, 11 Dec 2009
RI needs Rp2,000 trillion in foreign investment annually
Nusadua, Bali (ANTARA News) - President Susilo Bambang Yudhoyono has said Indonesia needs foreign investment totaling Rp2,000 trillion annually with half of the amount expected to come from Japan."I hope half of the investment funds will come from Japan, and the rest from other...
Fri, 11 Dec 2009
IFC provides JICT with $70 million loan
Jakarta (ANTARA News) - The International Finance Corporation (IFC) has provided a loan of US$70 million to PT Jakarta International Container Terminal (JICT) for the expansion of the existing terminal and building more such infrastructure projects.
Thu, 10 Dec 2009
Corruption rife in goods and services procurement
yes, that's right, om. hard to believe, but there's corruption in indonesia.
Thu, 10 Dec 2009
Corruption rife in goods and services procurement
Jakarta (ANTARA News) - The government`s goods and services procurement is the most vulnerable area for corruption.In this sector, corrupt officials have stolen Rp689.19 billion or about 35 percent of the Rp1.9 trillion worth cases handled by the Corruption Eradication Commission (KPK) since 2005.
Thu, 10 Dec 2009
Government to Remove Some Taxes From Riau Trade Zone
TEMPO Interactive, Jakarta: The government announced plan to remove exit or entrance fee for commodities in Batam, Bintan, and Karimun Free Trade Zone as part of the plan to revise the trade regulation in the area.