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Wed, 28 Sep 2011
Taiwan Eyeing Indonesian Coal, Gas
By:Shirley ChristieTaiwanese companies plan to buy more natural resources, especially coal and natural gas, from Indonesia, a deputy minister from the north Asian nation said during a trade mission to Jakarta.
Wed, 28 Sep 2011
W Sulawesi governor promises to build cacao fertilizer plant
Mamuju, W Sulawesi (ANTARA News) - West Sulawesi Governor Anwar Adnan Saleh (AAS) promised the farmers in his area to build a cacao fertilizer plant not far from Belang-Belang seaport in Mamuju early next year.
Tue, 27 Sep 2011
Rubber price in 2012 predicted to remain high
Jakarta (ANTARA News) - The world natural rubber price which in 2011 averaged US$4 per kg is predicted to remain high within a range of US$4-US$4.5 per kg in 2012, a rubber businessman said."The price will depend on supply and demand as well as on weather conditions and the economic situation...
Tue, 27 Sep 2011
British Petroleum to explore cbm in C.Kalimantan
Palangkaraya, C.Kalimantan (ANTARA News) - PT British Petroleum planned in the near future to explore coal bed methane (CBM) in Central Kalimantan, Central Kalimantan Deputy Governor Ir.Achmad Diran said here Tuesday.
Tue, 27 Sep 2011
C Sulawesi exports 1,229 tons of nickel to China
Palu, Central Sulawesi (ANTARA News) - Central Sulawesi Province in the seven months through July exported 1,229 tons of nickel ore to China.The nickel ore exports contributed US$36.993 million to the province`s foreign exchange coffers, the head of the export section at the Central Sulawesi...
Mon, 26 Sep 2011
Hatta: Investment constraints must be removed
Jakarta (ANTARA News) - Chief Economic Minister Hatta Rajasa said that investment constraint problems must be solved soon in an effort to increase service to investors.The coordinating minister for economic affairs made the remarks during a joint press conference with Japanese Minister for Trade,...
Fri, 23 Sep 2011
Palm Oil Exports to Pakistan May Surpass US$1 Billion
TEMPO Interactive, Jakarta:Bilateral trade between Indonesia and Pakistan within the Preferential Trade Agreement (PTA) is expected to show a real impact on palm oil production. “We will gain an additional income of more than US$1 billion from branded cooking oil exports to Pakistan,” said...
Thu, 22 Sep 2011
The Russians Are Coming... With Investments
By: Shirley Christie Russian investors have confirmed plans to invest billions of dollars next year in a pair of Indonesian projects - a resources railway and a nickel smelter - a government official said.
Thu, 22 Sep 2011
Unilever May Resume Buying Sinar Mas Palm Oil
Unilever Indonesia, the country’s largest listed consumer goods maker, may resume purchasing crude palm oil from Sinar Mas Agro Resources and Technology following an 18-month halt after the palm oil producer made improvements to abide by Unilever’s guidelines for responsible environmental...
Thu, 22 Sep 2011
Elesys Inc to Build Production Base in Indonesia
TEMPO Interactive, Jakarta:Korean information technology and electricity company, Elesys Inc, plans to build an IT power production base in Indonesia. “We will start by establishing a local company in Indonesia next year,” Elesys director Soon Lee, said yesterday.
Thu, 22 Sep 2011
Australia attends e Kalimantan expo
Samarinda, E Kalimantan (ANTARA News) - An Australian education consultant, International Development Program (IDP), will take part in a five-day development exhibition held by the East Kalimantan provincial administration themed "Kaltim Expo 2011" from September 22 to 26, 2011.
Wed, 21 Sep 2011
Indonesia to host 19th ASEAN Summit in Bali
JAKARTA, (Xinhua) -- Indonesia will host the 19th ASEAN Summit and Related Summits in Bali on Nov. 14-19, a press statement said here on Monday."In its capacity as chair of ASEAN 2011, Indonesia will be the host country of the 19th ASEAN Summit," said the statement.
Wed, 21 Sep 2011
Indonesia to host World Batik Summit
JAKARTA, (Xinhua) -- Indonesia will host the World Batik Summit 2011 in the Jakarta Convention Center from Sept. 28 to Oct. 2, an official said here on Monday.Director General for Information and Public Diplomacy at the Foreign Ministry Andri Hadi told reporters that the event is also to mark batik...
Wed, 21 Sep 2011
Most business travelers coming to Indonesia from Singapore, Malaysia
JAKARTA, Sept. 21 (Xinhua) -- Most foreigners traveling on business to Indonesia come from neighboring Singapore and Malaysia, both of which are most popular destinations for Indonesian business travelers, according to a survey.
Wed, 21 Sep 2011
Indonesia`s 2012 fuel oil imports may reach 537,000 barrels/day
Indonesia`s 2012 fuel oil imports may reach 537,000 barrels/dayJakarta (ANTARA News) - The Energy and Mineral Resources Ministry estimated that Indonesia`s 2012 fuel oil imports may reach 537,000 barrels per day.
Tue, 20 Sep 2011
Bali Gearing Up for Obama Visit
Indonesian Security Measures Gearing Up in Anticipation of East Asia Summit and Visit by U.S. President Barack ObamaThe White House has confirmed that plans are moving ahead to welcome U.S. President Barack Obama to Bali in mid-November.Obama will travel from Washington, D.C.
Tue, 20 Sep 2011
RI urges Australia to sign Montara oil spill compensation accord
Bengkulu (ANTARA News) - Indonesia has urged the Australian government to soon sign an accord on payment of compensation over the 2009 Montara oil spill in the Timor Sea, Environment Minister Mohammad Gusti Hatta said.
Mon, 19 Sep 2011
Lombok Airport to start operating in October
Mataram, West Nusa Tenggara (ANTARA News) - Lombok International Airport (BIL) in West Nusa Tenggara (NTB) will become operational on October 1, 2011 despite various shortcomings, an official has said."Admittedly there are still some shortcomings but all the basic requirements and conditions...
Thu, 15 Sep 2011
S`pore is biggest investor in s Kalimantan
Banjarmasin, S Kalimantan (ANTARA News) - Singapore is now the biggest investor among 18 countries investing in South Kalimantan with a total investment of US$89.6 million, an investment official said.In total, foreign investment in South Kalimantan reached US$696 million last year with 57...
Wed, 14 Sep 2011
Toyota plans to expand its business in Indonesia
Jakarta (ANTARA News) - PT Toyota Motor Corp plans to expand its business in Indonesia with an investment of US$385 million in production means.President Susilo Bambang Yudhoyono welcomed the plan here on Tuesday saying "I welcome it as more Indonesian people would be able to work to increase...
Wed, 14 Sep 2011
British Petroleum to explore cbm in C.Kalimantan
Palangkaraya, C.Kalimantan (ANTARA News) - PT British Petroleum planned in the near future to explore coal bed methane (CBM) in Central Kalimantan, Central Kalimantan Deputy Governor Ir.Achmad Diran said here Tuesday.
Tue, 13 Sep 2011
Toyota to invest $337 mln in Indonesia expansion
JAKARTA, Sept 13 (Reuters) - Toyota Motor Corp said it will invest 2.9 trillion rupiah ($337 million) in Indonesia, building a new factory and rolling out a new model, in its second move this year to expand in the fast-growing car market.
Tue, 13 Sep 2011
German Investments in Indonesia Surpasses US$141.5 Million[
TEMPO Interactive, Berlin:The realization of German investments in Indonesia in the first semester of this year reached US$141.5 million. The amount was almost equal to the total German investments in Indonesia over the past year which covered 51 projects with a value of US$157.6 million.
Mon, 12 Sep 2011
President to inaugurate Lombok int`l airport Oct 3
Mataram, W Nusa Tenggara (ANTARA News) - President Susilo Bambang Yudhoyono is scheduled to inaugurate the newly built Lombok International Airport in West Nusa Tenggara province on October 3, 2011, a spokesman said.
Mon, 12 Sep 2011
Lafarge to build cement factory in North Sumatra
Langkat, N Sumatra (ANTARA News) - France`s Cement Lafarge, one of the world`s leading cement makers which will build a cement factory in Langkat district, North Sumatra, hasn`t yet obtained a building license for the project, a North Sumatra energy official said.
Mon, 12 Sep 2011
Foreign investors still counting on Indonesia
London (ANTARA News) - Indonesia still has foreign investor confidence for making investments in the country, Capital Investment Coordinating Agency (BKPM) chairman Gita Wirjawan said.Especially with an economic growth rate estimated to reach 6.
Fri, 09 Sep 2011
Indonesia to raise oil production by 1 million bpd in 2013
JAKARTA, Sept. 6 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono on Tuesday asked (industries) to increase the country's oil production by one million barrels per day in 2013 from this year's output target of 950,000 barrels per day, in an effort to anticipate the volatile soaring-global...
Fri, 09 Sep 2011
Indonesia expects 100 bln USD investment by 2014
JAKARTA, (Xinhua) - Indonesian Coordinating Minister for Economy Hatta Rajasa said on Wednesday that he expects about 100 billion U.S. dollar foreign direct investment (FDI) by 2014 despite the uncertainty of the global economic condition.
Thu, 08 Sep 2011
Freeport familiarizing Jayapura schoolers with environmental awareness
Jayapura, Papua (ANTARA News) - PT Freeport Indonesia in cooperation with the Jayapura City administration is conducting a program to familiarize local primary and secondary school students with environment-related subjects under the theme "Towards Environmentally Aware Schools.
Thu, 08 Sep 2011
VP Boediono discusses investment with Eramet CEO
Jakarta (ANTARA News) - French mining giant Eramet chief executive officer Patrick Buffet met with Vice President Boediono here on Tuesday to discuss various matters including investment."Yes, they also touched on investment including Halmahera project (nickel smelting plant) but for the...
Thu, 08 Sep 2011
Eramet to increase investment in nickel mining in Indonesia
Jakarta (ANTARA News) - French mining company Eramet plans to increase its investment in nickel mining in Indonesia eastern region of Halmahera, North Maluku.The company`s president and chief executive officer, M Patrick Buffet said at the presidential office here on Wednesday after meeting with...
Wed, 07 Sep 2011
Australian tourist arrivals in Bali up significantly
Denpasar, Bali (ANTARA News) - The number of Australian tourists in Bali reached 432,480 during the January-July 2011 period, up 26.58 percent from 341,664 in the same period last year."The significant increase puts Australia in the first place among the top ten sources of Bali`s foreign...
Mon, 05 Sep 2011
Bali`s exports to Aussie average $2.1 mln per month
Denpasar, Bali (ANTARA News) - Bali exports non-oil/non-gas commodities worth an average of US$2.1 million per month to Australia, an official said.Bali`s non-oil/non-gas exports to Australia rose every month owing to the rising number of Australian tourists visiting the world-renowned tourist...
Mon, 05 Sep 2011
Bali imports capital goods worth $44.6 mln
Denpasar, Bali (ANTARA News) - Bali imported a variety of capital goods worth US$44.6 million in the first five months of 2011 to boost its economic growth.The capital goods mostly consisted of manufactured products, Jeffrey Kairupan, official of Bank Indonesia (the central bank)`s office in Bali,...
Mon, 05 Sep 2011
PT. ASDP ferry Indonesia opens two new routes in 2012
Luwuk, C Sulawesi (ANTARA News) - River, lake and ferry service PT. Angkutan Sungai Danau dan Penyeberangan (ASDP) Ferry Indonesia, Luwuk branch, Central Sulawesi, will open a new Luwuk ferry route to Kendari, Southeast Sulawesi, with 13 hours travel.
Thu, 25 Aug 2011
Indonesia Palm Tax Change Will Not Stop Flow Distortions
Trimming the Indonesian palm oil export tax cap by a maximum of 5 percent, a move widely expected by market players, will do little to stop the current distortion of flow to the global market, an industry association said on Thursday.
Thu, 25 Aug 2011
Indonesia's crude palm oil export tax steady at 15 pct for Sept.
Indonesia's crude palm oil export tax steady at 15 pct for Sept.JAKARTA, (Xinhua) The Indonesian government has decided the export tax of crude palm oil (CPO) for September unchanged at 15 percent as the price of the commodity in the global market is relatively stable, an official from the trade...
Wed, 24 Aug 2011
C. Sulawesi Oilfield Production Halted by Raids
Tiaka oilfield in Central Sulawesi, jointly operated by state-run Pertamina and Medco Tomori, has halted production since Monday, after some 30 protesters attacked and destroyed facilities in Tiaka island, oil and gas regulator BPMigas said on Tuesday.
Wed, 24 Aug 2011
London Sumatra`s profit surges 112 pct
Jakarta (ANTARA News) - Oil palm plantation company PT PP London Sumatra Indonesia Tbk (LSIP) posted a net profit of Rp886.3 billion in the first half of 2011, a 112 percent surge compared to Rp417.8 billion in the same period last year.
Tue, 23 Aug 2011
Foreign investors to shift funds to Asia
Jakarta (ANTARA News) - Economist Guntur S. Siboro predicted here on Tuesday that the current financial crisis in the US and Europe would encourage foreign investors to shift their funds to Asia.Thanks to its better economic growth, Asia, particularly Indonesia, would be flooded by foreign funds,...
Mon, 22 Aug 2011
Amid Global Woe, Local Investors Seize Golden Opportunity
By: Shirley Christie & Dion BisaraAt the Toko Mas Mulia jewelry store along Jalan Cikini in Central Jakarta, customers glance at owner Kurniawan’s collection of rare 22- and 24-carat gold coins, but their eyes settle on his gold bars.
Mon, 22 Aug 2011
Several investors interested in Bank Mutiara: LPS
Jakarta (ANTARA News) - Several investors have submitted a letter of intent (LoI) to acquire Bank Mutiara, the Deposit Insurance Agency (LPS) said."Three investors have submitted letters of intent to acquire PT Bank Mutiara, which is now in the process of being sold.
Fri, 12 Aug 2011
East Kalimantan Rejects Russian-Funded Train Project
TEMPO Interactive, SAMARINDA:The central government’s plan to build a railway from Central to East Kalimantan has been rejected by East Kalimantan Governor Awang Faroek. Awang said he did not know of the US$ 2.5 billion project which would be funded by Russian investors.
Fri, 12 Aug 2011
Kalbe Farma Builds Medicine Factory
TEMPO Interactive, Jakarta:PT Kalbe Farma plans to build a medicine factory in Cikarang, West Java. “The construction will start next year,” financial director Vidjongtius, confirmed yesterday.The construction is expected to be completed by 2013 and cost up to Rp150 billion, explained the...
Thu, 11 Aug 2011
Indonesia Gets More Investment from Gas
VIVAnews - Among 10 largest projects handled by Oil and Gas Upstream Regulator (BP Migas), natural gas is the highest. The ten projects are worth US$ 4.725 billion, with a production design capacity of 1,750 million cubic feet of natural gas per day, 26,000 of condensate per day, and 20,000 of oil...
Thu, 11 Aug 2011
Indonesia sees 10 new oil, gas fields onstream in 4 years
JAKARTA, Aug 10 (Reuters) - Indonesia has 10 oil and gasprojects with total investment of $4.725 billion in the pipelineand are expected to come onstream between 2011 and 2014, withmost of the new production skewed towards gas, said oil and gaswatchdog BPMigas.
Thu, 11 Aug 2011
Indonesia's palm oil exports surge by 8.9 percent in first half
Indonesia's palm oil exports surge by 8.9 percent in first halfJAKARTA, (Xinhua) Indonesia's palm oil exports increased by 8.9 percent in the first half of this year to 8.2 million tons, up from 7.47 million tons in the same period last year, the Jakarta Post quoted an official as saying on...
Thu, 11 Aug 2011
British tourist arrivals in Bali up 25.86 pct
Denpasar, Bali (ANTARA News) - The number of British tourists visiting Bali in the first half of 2011 climbed 25.86 percent to 48,489 from 38,526 in the same period last year."Most of them came to Bali by direct flights.
Thu, 11 Aug 2011
Procter & Gamble to build first plant in Indonesia
Jakarta (ANTARA News) - Procter & Gamble will invest up to US$100 million to build its first plant in Indonesia in Karawang, West Java, P&G Home Product Indonesia External Relations Manager, Junita Kartikasari said.
Wed, 10 Aug 2011
Indonesia's Bali posts over 10 pct rise of tourist arrivals in first half
JAKARTA, Aug. 8 (Xinhua) -- As many as 1.3 million foreign tourists visited Bali in the first half of 2011, a 10.46 percent increase over the same period in 2010, the Jakarta Post quoted an official as saying on Monday.