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Fri, 04 Sep 2015
Is Indonesia finally getting serious about boosting FDI?
Indonesia's President Joko Widodo is hoping to attract much-needed foreign capital through measures such as a new tax holiday scheme and plans for a "massive deregulation" of key industries. But will they be enough to lure tetchy foreign investors? Late Wednesday, the government promised quick and...
Thu, 03 Sep 2015
Batam is ASEAN's potential industrial zone
In the framework of boosting the countrys economic growth, Batam in Riau Islands Province can become a potential business and industrial zone in Southeast Asia, according to the Batam Management Board (BP Batam).
Wed, 02 Sep 2015
Jokowi orders speedy amendments in existing regulations related to business
President Joko Widodo (Jokowi) has discovered more than 100 regulations that could be considered unfavorable for businesses in Indonesia. These regulations must be addressed within this week, President Jokowi said while chairing a plenary cabinet meeting on Wednesday.
Fri, 14 Aug 2015
Indonesian president treads fine line by empowering chief of staff
JAKARTA, Aug 13 (Reuters) - The biggest, and possibly riskiest, move in Indonesian President Joko Widodo's cabinet reshuffle this week was the appointment of Luhut Pandjaitan as coordinating minister for security and political affairs.
Fri, 14 Aug 2015
Widodo Vows Stronger Government to Tame Indonesia Corruption
Indonesian President Joko Widodo vowed to ramp up his faltering campaign against corruption, an impediment to boosting Southeast Asia’s largest economy. Widodo, 54, who on Wednesday revamped his cabinet, said he wants to strengthen government institutions to better tackle wealth inequality and...
Thu, 13 Aug 2015
Joko reaches for Indonesia reboot as currency pressure builds
Indonesian President Joko Widodo is rebooting. The president, known as Jokowi, revamped his economic team in a cabinet reshuffle on Wednesday as China's currency devaluation spurred further declines in the rupiah.
Thu, 13 Aug 2015
Indonesian parliament hails cabinet reshuffle
Welcoming President Joko Widodos move to reshuffle his working cabinet, the parliament said that it gave new hope amid the country's slowing economic growth. "It gives us new hope. The president must have evaluated the work of his ministers," House Speaker Setya Novanto said in response to the...
Thu, 13 Aug 2015
Searching for Indonesia’s Amartya Sen
The Indonesian government is making great strides to embrace more evidence-based policy making. Yet these policies, however forward-thinking, will have little uptake unless three key mechanisms are put in place.
Thu, 13 Aug 2015
Rupiah hits 17-year low
Indonesia's finance minister said he would coordinate with the central bank to "guard" bonds amid economic turmoil that saw the rupiah tumble yesterday to its lowest level since 1998. The rupiah slid 1.4 per cent, the most since Dec 15, to close at 13,788 a US dollar, prices from local banks show.
Thu, 13 Aug 2015
Indonesia Oil and Gas Industry Fast Declining
The country is on the verge of an Indonesia oil and gas crisis, according to industry players and observers. The Indonesian Petroleum Association (IPA) revealed that Indonesia oil and gas production has been continuously declining, which, coupled with the ever-increasing oil demand, could lead to...
Tue, 11 Aug 2015
Indonesia's emerging market has stopped emerging
Indonesia has come a long way since Oct. 20, when Joko Widodo was sworn in as president. Unfortunately, the distance the country has traveled has been in the wrong direction. Expectations were that Widodo, known as Jokowi, would accelerate the reforms of predecessor Susilo Bambang Yudhoyono - -...
Tue, 11 Aug 2015
Indonesian alcohol market faces price headache after tariff hike
JAKARTA: A steep increase in Indonesia’s import tariffs on wine and spirits could more than double prices that were sky-high already, denting demand and raising the risk of smuggling, drinks industry executives say.
Mon, 10 Aug 2015
Jokowi struggling to boost foreign investment
JAKARTA — Red cranes hover over the vast skeleton of a 660 megawatt coal-fired power plant under construction on the dusty coast of western Java, Indonesia. The US$1 billion (S$1.38 billion) facility, majority-owned by Malaysia’s Genting Group, is set to be finished ahead of schedule next year...
Mon, 10 Aug 2015
Japan, China in tug of war for Indonesia attention
A competition has been sparked between two Asian giants as Japan and China both attempt to court Indonesia in an effort to boost their influence in the region. Like a chess player, Japan appears to mirror any move made by China.
Mon, 10 Aug 2015
Scaring off investors
The Central Java administration should address seriously the defrauding of two South Korean investors intending to set up garment and shoe factories in the province, otherwise its campaign to woo labor-intensive industries away from Jakarta and West Java, where minimum wages have risen...
Fri, 07 Aug 2015
Indonesia needs institutional reforms to boost growth
Over the last five years, Indonesian gross domestic product (GDP) growth peaked at 6.5 percent in the first quarter of 2011 and has steadily fallen to 4.71 percent in the first quarter of 2015. Growth slid further in the second quarter to 4.
Fri, 07 Aug 2015
Indonesian economic growth continues decline as Q2 figures show drop to 2009 levels
The Indonesian economy has logged another quarter of growth below 5 per cent, underscoring the difficulty facing a new president who had pledged to boost economic activity and jobs in South-East Asia's largest economy.
Thu, 06 Aug 2015
Will Jokowi restrict imports even further?
Amid the impending Asean single market, Indonesia is moving in an opposite, protectionist direction Indonesia's recent economic policy pronouncements indicate that the country will become increasingly protectionist as President Joko "Jokowi" Widodo's government heads for its second year.
Thu, 06 Aug 2015
Indonesia's GDP growth slows
Indonesia's economic growth in the second quarter dropped to its slowest since 2009, with prices for commodity and energy exports remaining weak and President Joko Widodo unable to push badly needed infrastructure projects past bureaucratic snarls. Southeast Asia's largest economy expanded 4.
Mon, 03 Aug 2015
Australia-Indonesia partnership lacks genuine resilience
Officials in more than 20 federal agencies partnering with Indonesia have failed to bring the Australian public with them, says DFAT secretary Peter Varghese. Cooperation between the two countries, such as anti-terrorism and education, would better survive policy differences if ballasted by...
Mon, 03 Aug 2015
Legislator cautions government over sluggish economic condition
The Indonesian government should be wary of the current sluggish economic condition that could trigger massive layoffs by companies, according to a legislator. Several companies have suffered from serious financial problems due to the ongoing sluggish economic condition, Deputy Chairman of the...
Mon, 03 Aug 2015
Indonesia manufacturing activity contracts for 10th month in July: PMI
[JAKARTA] Indonesia's manufacturing activity shrank for a tenth consecutive month in July as new orders fell, a private survey showed on Monday, raising prospects for a central bank interest rate cut in coming months. The Nikkei/Markit purchasing manager's index (PMI) fell to 47.3 in July from 47.
Sun, 02 Aug 2015
Three factors driving IoT in Southeast Asia
Gartner estimates that the internet of things (IoT) – a network of devices (things) with embedded technology enabling the transfer of data via the internet – will become a key enabling technology for digital businesses. It forecasts 4.
Sun, 02 Aug 2015
Growing protectionism hurting Indonesia: researchers
A report by two leading Indonesian researchers argues that growing protectionism by Indonesia President Joko Widodo's government is damaging an economy already growing at its slowest pace for the past five years.
Sat, 01 Aug 2015
Iranian delegations to visit Indonesia
Three Iranian delegations in progressive science and technology, banking, and oil will visit Indonesia to boost bilateral cooperation in the post sanctions era. Expectations are for the sanctions imposed on Iran to be lifted by the end of current year, and European delegations, headed by top...
Fri, 31 Jul 2015
Role for business on Indonesian ties
Australia's top diplomat has called on business and the public to help inject more warmth and resilience into relations with Indonesia. Diplomatic ties have hit a low point in recent years as a result of the executions of two Australian drug smugglers, asylum seeker boat turn backs, a spy scandal...
Fri, 31 Jul 2015
Singapore Investors Eye New Business in Batam
Singapore, GIVnews.com – Following President Joko ‘Jokowi’ Widodo’s two-day state visit to Singapore early this week, some investors from the island state have expressed interest to develop real estates, the maritime sector and logistics zones in Batam, an hour ferry ride from Singapore.
Thu, 30 Jul 2015
A Way Forward for Jakarta
Less than one year into his term as Indonesian president, Joko Widodo faces a difficult set of challenges, both political and economic. The first, overseeing a cabinet reshuffle, requires some deft handling.
Thu, 30 Jul 2015
UK, Indonesia to strengthen economic ties
Since 2001, Singapore has consistently been among the top five investors in Indonesia, with US$5.8bil (RM22.1bil) in investments a year ago. Singapore firms that have made major investments in Indonesia of late include Ascendas, CapitaLand, Keppel Land and Sembcorp while SMEs like Tat Wai, Cyclect,...
Wed, 29 Jul 2015
Jokowi to Singapore businesses: The early bird catches the worm
NOW would be the best time for Singapore businesses to invest in Indonesia if they want to profit big, as Southeast Asia's largest nation has seen a major transfer of power and confronts a commodity slump and global headwinds, says Indonesian President Joko Widodo.
Wed, 29 Jul 2015
Indonesia lauds Singapore investment commitment
Jakarta (ANTARA News) - President Joko Widodo (Jokowi) hailed Singapores commitment to encouraging investment in Indonesia and hoped for more, especially in the fields of infrastructure and integrated industrial zones like Batam, Bintan and Karimun.
Wed, 29 Jul 2015
SE Asian consumers switch to ecommerce
Economies across Southeast Asia have endured weaker growth this year. But one sector is powering ahead nevertheless: ecommerce. A surge in internet penetration has encouraged a raft of start-ups across the region.
Wed, 29 Jul 2015
Thermax setting up 3 plants, one in Indonesia
Thermax is setting up three manufacturing plants — two in India and one overseas. Meher Pudumjee, chairperson, Thermax, said they will be setting up an investment subsidiary in Singapore, through which it will invest in a manufacturing plant in Indonesia, which will become the regional...
Wed, 29 Jul 2015
What will Indonesia look like?
I have lived in Jakarta for quite a while now. I guess I was always naive and thought that Indonesia would be like Singapore; blossoming into a Western liberal democracy. But the pixels are starting to come together and form a totally different picture.
Tue, 28 Jul 2015
Best time to invest in Indonesia is now, says President Joko Widodo
SINGAPORE - Indonesia is at the end of a commodities boom and in the midst of a "cyclical downturn", but investors who brave uncertainty and venture early into the country will "reap great profit", Indonesian President Joko Widodo said on Tuesday.
Tue, 28 Jul 2015
Insight: Making Freeport Indonesia more Indonesian
If we look deeper into the context of PT Freeport Indonesia’s contract amendment, it is related to the issuance of the 2009 Mining Law. The law obliges mining companies to process their mining products in this country before exporting them, but Freeport had been in operation and was bound by a...
Tue, 28 Jul 2015
Singapore, Indonesia reaffirm commitment to strengthen ties
SINGAPORE: Singapore's Prime Minister Lee Hsien Loong and Indonesia's President Joko Widodo on Tuesday (Jul 28) reaffirmed their commitment to strengthen ties between both countries. Mr Widodo is on his first official visit to Singapore, since taking office in October last year.
Tue, 28 Jul 2015
Industrial estate development may take longer than planned
Indonesia’s ambition to massively develop industrial estates across the country may take longer than expected as it is hampered by inadequate infrastructure and vast geographical distances, an industrial official says.
Tue, 28 Jul 2015
Widodo wants China to build Indonesia into Asia production base
Indonesian president Joko Widodo expressed on Monday his hope that China will build Indonesia into an Asian production base with ever increasing economic cooperation between the two countries. Widodo made his statement during a meeting with the visiting chairman of the National Committee of the...
Tue, 28 Jul 2015
Investment up despite slowdown
Realized investments showed a significant increase in the first half of this year as foreign direct investment (FDI) continued flowing into the country’s despite the global economic slowdown, according to the government’s latest investment figures.
Fri, 24 Jul 2015
Jakarta raises import taxes for more than 1,000 items
With the economy slowing and retail sales falling, Indonesia yesterday raised import tariffs on more than a thousand items covering many consumer goods such as clothes, food and cars. The decision is likely to make some Indonesians shift to having coffee at a local shop over Starbucks and drive...
Thu, 23 Jul 2015
Palm Oil Is In Everything -- And It's Destroying Southeast Asia's Forests
It was late evening. The skies were dark and dogs were howling. Into the Nyaru Menteng Orangutan Rescue Center on the island of Borneo rushed a rescue worker cradling a tiny bundle in his arms. He handed over the precious package to the manager on duty.
Mon, 20 Jul 2015
Defying illegal status, Indonesia's motorcycle taxis ply roads of Jakarta
JAKARTA: Manoeuvring through rush hour traffic in a city which has some of the world's worst traffic jams is a challenge for millions of residents living in Jakarta. So companies offering transport services to the public via smartphone applications are a welcome alternative.
Mon, 20 Jul 2015
Indonesia tops region's FDI despite sluggish growth
As Southeast Asian nations count down to the formation of an integrated economic community later this year, foreign direct investment (FDI) inflows remain high in anticipation of more business opportunities.
Mon, 20 Jul 2015
Indonesian construction works delayed
"Delays: A general view of Jakarta’s mass rapid transit construction site on a busy street in Jakarta. Investors hoping for President Jokowi to speed up infrastructure works have been disappointed by delays.
Sat, 18 Jul 2015
Indonesia to fall short on tax revenue targets
Indonesia is set to miss ambitious tax revenue targets this year, according to the country’s finance minister, as the new government comes under pressure to raise public spending and revive growth in Southeast Asia’s largest economy. The administration will undershoot its Rp1,294tn ($96.
Sat, 18 Jul 2015
Indonesia online commerce to touch $25b by 2016
Indonesia online commerce could be be worth Rp300 trillion ($25 billion) by 2016, almost three times that the online shopping market in 2013 which was worth $8 billion. This was revealed in a joint report released by idEA, Google Indonesia, and Taylor Nelson Sofres (TNS).
Fri, 17 Jul 2015
Indonesia's central bank says rupiah is slightly undervalued
Indonesia's rupiah currency is slightly weaker than it should be, the central bank governor said on Friday. "At this time the rupiah is slightly undervalued," Governor Agus Martowardojo told reporters, adding that the central bank "will always be in the market but we are not maintaining the rupiah...
Fri, 17 Jul 2015
Indonesia Water Purifiers Market Forecast and Opportunities
Research and Markets (http://www.researchandmarkets.com/research/hg4z7f/indonesia_water) has announced the addition of the "Indonesia Water Purifiers Market Forecast and Opportunities, 2020" report to their offering.
Tue, 14 Jul 2015
Carmakers struggle amid Indonesian sales slump
Japanese automakers are sticking to their targets in Indonesia in defiance of the longest sales decline in six years, resorting to steep discounts to entice tight-spending consumers into showrooms that remain stubbornly empty.