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Tue, 22 May 2007
Economy Grew 6% in Q1
Strong exports and reviving consumption helped push the economy in the first quarter, momentum that could see it grow even faster over the course of the year, The Jakarta Post reported.First-quarter growth in terms of gross domestic product (GDP) was at 6% year-on-year, the Central Bureau of...
Tue, 22 May 2007
A who's who of Indonesian biofuel
JAKARTA - Some of Indonesia's most influential and politically connected companies have refocused their business strategies and are joining hands with foreign investors to push forward the government's multi-billion dollar ambition to transform the country into the world's leading biodiesel...
Tue, 22 May 2007
Candy business is tasty, thanks to the RI's sweet tooth
Casinos and tollroads are highly rated by entrepreneurs as guaranteed money-makers, second only to the mint itself. Candy would probably come close, if you stop to ask yourself how much it could have actually cost to produce that popular little lozenge you're about to pop into your mouth.
Mon, 21 May 2007
Housing minister to declare start of building low-cost apartments in four cities
Padang, West Sumatra (ANTARA News) - Housing affairs minister M Yusuf Asy`ari during a visit to Padang, West Sumatra provincial capital, on Monday, led a ground breaking ceremony marking the start of the construction of a low-cost apartment for rent in the university campus in Padang, and...
Mon, 21 May 2007
Veep calls on university alumni to create job opportunities
Palembang (ANTARA News) - Vice President Jusuf Kalla has called on University Alumni Association (IKA) to help create job opportunities through the introduction of new innovation."The Alumni Association of whatever university should be able to create job opportunity for their junior colleagues,"...
Sun, 20 May 2007
Royal doulton to invest US$25 million more in RI industry
Jakarta (ANTARA News) - The Royal Boulton Company of Britain which has so far invested US$75 million in the ceramic industry sector in Indonesa plans to increase the amount by US$25 million, a spokesman said.
Sun, 20 May 2007
Japanese still dominate tourist flow to Bali
Denpasar, Bali (ANTARA News) - Japanese still dominated the foreign tourist flow to Bali in the first three months of this year, a local tourism official said."Some 24 percent of a total of 346,942 foreign tourists who came to Bali in January-March this year were from Japan," head of the promotion...
Sun, 20 May 2007
Makro Indonesia to refocus on core business amid retail boom
The Jakarta Post, JakartaMakro Indonesia, the local subsidiary of Netherlands-based wholesaler Steenkolen Handels Vereniging (SHV), is to refocus its business strategy in response to the rapid growth in the country's retail industry.
Sun, 20 May 2007
Islands off Gunungkidul coast to be developed as vacation spots
Yogyakarta (ANTARA News) - A number of small uninhabited islands off Gunungkidul district`s coast will be developed to become marine vacation spots, a local official said on Saturday."The uninhabited islands are now being surveyed to determine whether or not they have a living ecosystem," Eko...
Sat, 19 May 2007
Indonesia needs better investment climate to meet growth target
Jakarta (ANTARA News) - Indonesia needed to improve its investment climate and reduce its reliance of commodity exports to achieve its forecast of 6.3 percent economic growth this year, analysts warned Wednesday.
Sat, 19 May 2007
“England Must Oversee Origins of Oil Palm”
“England Must Oversee Origins of Oil Palm”Friday, 18 May, 2007 | 16:50 WIBTEMPO Interactive, Jakarta: England, as the biggest palm oil importer in the world after the Netherlands, must set up tight regulations on the origins of palm oil, which is to be a bio-fuel base commodity.
Fri, 18 May 2007
Tableware producer asks for more gas supplies for planned investments
British tableware producer Royal Doulton has asked the government to resolve recent problems concerning gas supplies to the nation's ceramics industry against the backdrop of the company's plan to invest another US$28 million in Indonesia.
Fri, 18 May 2007
Economy grows 6% in Q1 on exports, consumption
Strong exports and reviving consumption helped push Indonesia's economy in the first quarter, momentum that could see it grow even faster over the course of the year.First-quarter growth in terms of gross domestic product (GDP) was at 6 percent year-on-year, the Central Statistics Agency (BPS)...
Fri, 18 May 2007
Shell, Petronas to build gas stations outside Java
Jakarta (ANTARA News) - The government has licensed foreign oil and gas companies Shell and Petronas to build gas stations outside Java later this year, an Energy and Mineral Resources Ministry official said.
Wed, 16 May 2007
Some State Officials Do Not Pay Tax
Originally Posted By: naga"The problem is, he said, they are not accustomd to filling out Tax SPT. “Perhaps many ministers don't know how to fill out Tax SPT,”..." which begs the question, if the nation's brightest and best cannot fill in the forms, what chance is there for us mere...
Wed, 16 May 2007
Some State Officials Do Not Pay Tax
"The problem is, he said, they are not accustomd to filling out Tax SPT. “Perhaps many ministers don't know how to fill out Tax SPT,”..."this may be the problem...useless,lazy c****s
Wed, 16 May 2007
BI: economic growth in first quarter quite good
Jakarta (ANTARA News) - Bank Indonesia (BI) considered the growth recorded at 5.97 percent in the first quarter this year quite good and reasonable."The 5.97 percent growth was quite good. To BI that has set the target at six percent the growth is quite good and reasonable," deputy governor of the...
Wed, 16 May 2007
Indonesia to introduce national standards for agricultural products
Jakarta (ANTARA News) - The government will issue a regulation requiring agricultural commodities to meet a national standard (SNI) for agricultural commodities to prevent entry of low-quality imported products into the country, an Agriculture Ministry official said here on Tuesday.
Wed, 16 May 2007
Swedish businesspeople wish to invest in Aceh
Banda Aceh (ANTARA News) - Swedish businesspeople grouped in the Swedish Trade Council have expressed interest in investment in Aceh province, Aceh-Nias Reconstruction and Rehabilitation Board (BRR) spokesman Mirza Kemala said here on Tuesday.
Wed, 16 May 2007
Economic census gets cold shoulder
An economic census that kicked off nationwide Tuesday was not well received by residents in Medan, North Sumatra, with many shutting their doors and refusing to answer questions.The monthlong census, which aims to compile detailed data of the country's business sector, is a follow-up to last year's...
Wed, 16 May 2007
Statement by IMF Staff Mission to Indonesia
May 15, 2007 Mr. Stephen Schwartz, Senior Resident Representative of the International Monetary Fund (IMF) in Indonesia, made the following statement today in Jakarta:"An IMF mission led by Mr. Milan Zavadjil, Assistant Director in the Asia and Pacific Department, is completing a visit to Jakarta...
Wed, 16 May 2007
Some State Officials Do Not Pay Tax
Originally Posted By: DilliOnly several! my thoughts exactly on reading this article. most indonesian officials would think themselves far too important and influentual to have tax numbers and/or pay tax.
Tue, 15 May 2007
Some State Officials Do Not Pay Tax
TEMPO Interactive, Jakarta: The Tax Directorate General revealed several names of state officials who have not paid tax or submitted the Yearly Information (SPT) of Tax. “They also don't have a personal tax number (NPWP),” Tax Director General Darmin Nasution told reporters in Jakarta,...
Tue, 15 May 2007
Mobile-8 Telecom gets principle permit for fixed wireless telephone network operation
JAKARTA (Antara): Publicly-listed cellular phone operator company PT Mobile-8 Telecom has received a principle permit from the Communication and Informatics Ministry to set up fixed wireless telecommunication network with alimited mobility, a spokesperson has said.
Mon, 14 May 2007
Parliament Finalizes Mining License Changes
Proposed changes to the system of mining licenses are in the final discussion process in parliament, an Indonesian government official said Tuesday (8/5/07). The proposed changes are expected to address tension among national and local authorities for control over gold, coal, nickel and copper...
Mon, 14 May 2007
Bali to Commence Thermal Development
The province of Bali is expected to begin the development of a 400-MW thermal power plant (PLTU) around Celukan Bawang port, Buleleng district, in an effort to anticipate a power crisis in the island, Asia Pulse reported.
Mon, 14 May 2007
TVS Ready to Produce Motorcycles
Indian motorcycle maker TVS is set to produce various types of motorcycles for the Indonesian market at its recently completed assembly plant in Karawang, West Java, the company's chief executive officer for Indonesia said, according to Asia Pulse.
Mon, 14 May 2007
April Motorbike Sales Seen Up 15%
The volume of sales of motorcycles rose about 15% in April from a year ago, industry data showed, as the sector continued to recover from a slump in 2006.Data from three major manufacturers, obtained by Reuters from an industry source on Tuesday (8/5/07), showed Honda, Yamaha and Suzuki, which...
Mon, 14 May 2007
340,000 Workers Needed for Oil Palm Plantations
Implementation of the government's oil palm plantation revitalization program on 2 million hectares of land in 2007-2011 will require the employment of about 340,000 people, an Agriculture Department official said.
Mon, 14 May 2007
Train Services Opened to FDI
The government has opened its railway sector to domestic and foreign investors to spur development of the country's train network, Bisnis Indonesia reported on Tuesday (8/5/07).Foreign investors can now own up to 95% of companies providing train services, the newspaper quoted Transportation...
Mon, 14 May 2007
'Promote capital market as funding source'
The Indonesian equity market, despite being huge in capitalization, is still largely untapped as an alternative source of investment, economists said at a seminar on the weekend.Mohammad Ikhsan, an economist from the University of Indonesia, said the capital market is the ideal financing source for...
Mon, 14 May 2007
Indonesia faces serious global image problem
Indonesia will soon acquire an additional image. On May 4, The Jakarta Post reported that the country would enter the Guinness Book of World Records. We will be branded as the country that manages to destroy its forest at a pace unbeatable by any other nation.
Mon, 14 May 2007
Facing 'enormous' task, transportation boss hears reform call
The new transportation minister must reform the ministry's bureaucracy to improve the safety and services of all modes of transportation, an activist and expert said Sunday.Sudaryatmo of the Indonesian Consumers Foundation (YLKI) said new Transportation Minister Jusman Syafii Djamal needed to fix...
Mon, 14 May 2007
Managing the problems of surging capital inflows
President Susilo Bambang Yudhoyono, Vice President Jusuf Kalla, chief economics minister Boediono and Bank Indonesia Governor Burhanuddin Abdullah asserted Friday the economy is resilient enough to weather any sudden decline in the risk appetite of foreign portfolio investors, as the rupiah fell...
Mon, 14 May 2007
Unused loans, idle funds lurking in banking sector
JAKARTA (JP): On the surface, Indonesia's banking sector appears to be on the right track, with first-quarter results in lendings, assets and profitability all having improved from last year.Yet a closer look at the figures reveals several troubling facts that could offset its achievement.
Sat, 12 May 2007
Pertamina to close green fuel business
State-owned oil and gas firm Pertamina plans to exit its biofuel business by the end of this year as a result of continuing losses.Pertamina marketing and trading director Achmad Faisal said that the company had no other choice but to get out of the sector as its biofuel products -- BioSolar and...
Sat, 12 May 2007
Jakarta row hampers infrastructure plans
JAKARTA - A rumbling row between Indonesian Vice President Jusuf Kalla and two top technocrats charged with overseeing economic policy is hampering the implementation of the government's infrastructure spending drive and generating high-level political tensions.
Fri, 11 May 2007
Kadin urges govt. to protect domestic market
JAKARTA (Antara): The Indonesian Chamber of Commerce and Industry (Kadin) called on the government to optimize its protection over domestic market in order to attract investment and fuel the growth of the real sector, a Kadin official said on Thursday.
Fri, 11 May 2007
Seven Companies Ready to Form Palapa Ring Consortium
TEMPO Interactive, Jakarta: Seven companies have stated their readiness to form a consortium of national fiber optic network construction project worth US$1.517 billion or around Rp13 trillion.The seven companies will sign the memorandum of the project known as Palapa Ring next Wednesday (16/5).
Fri, 11 May 2007
Pressure mounts for Temasek to divest stake in Indosat
Remember Mexico's Cemex, the world's third largest cement group, which sold its 25 percent equity stake in PT Semen Gresik, Indonesia's largest cement company, to local conglomerate Rajawali in mid-2006 when Indonesia's cement market was enjoying robust growth?Cemex, a financially strong company...
Fri, 11 May 2007
Govt to team up with central bank to revive economy
Finance Minister Sri Mulyani says the government will work hand in hand with the central bank to boost the still-sluggish real sector amid criticism that the current administration is doing too little to speed up the pace of economic growth.
Fri, 11 May 2007
Rupiah reaches one-year high
The rupiah reached its highest level against the U.S. dollar in almost a year Thursday, closing at Rp 8,740, as overseas investors retained their appetites for local stocks and bonds.Statements from the Finance Ministry and the central bank to the effect that the rupiah remained within a...
Fri, 11 May 2007
Eight national banks currently in acquisition, merger process: BI official
Jakarta (ANTARA News) - Eight national banks are currently in an acquisition and merger process in order to meet the Rp80 billion minimum capital requirement this year, Bank Indonesia (BI) Deputy Governor Muliaman D. Hadad said.
Fri, 11 May 2007
Veep supports conversion of rice fields for industrial plants
Jakarta (ANTARA News) - Vice President Jusuf Kalla expressed support to conversion of rice fields for development of factories that cound give more employment.Speaking at the commemoration of the 40th anniversary of national logistics agency Bulog here on Thursday he said around 100,000 hectares...
Fri, 11 May 2007
Customs service goes high tech to cut collusion
The customs service has introduced a scanner at Tanjung Priok Port in Jakarta to check the contents of containers and reduce the risk of collusion between importers and customs officers.The new scanner is similar to the baggage scanners used at airports, except that it is much bigger.
Fri, 11 May 2007
Foreign ministry to play role in promoting investment
The Foreign Ministry intends to play a greater role in promoting trade, tourism and investment on the international stage by holding a series of investor forums to showcase the untapped potential of Indonesia's regions.
Fri, 11 May 2007
Medco to invest $400m in eight bioethanol plants
The country's largest publicly traded oil company, PT Medco Energi Internasional, plans to build eight bioethanol plants over the next five years to meet the expected surge in the demand for biofuels both at home and overseas, the company's chief executive says.
Thu, 10 May 2007
Victims of greed?
I am sorry but people who invest in schemes such as these do not deserve sympathy and are victims only to greed.Indonesia a 'paradise' for investment fraudAndi Haswidi, The Jakarta Post, JakartaThe latest and the biggest investment fiasco to be associated with the British Virgin Islands-based...
Thu, 10 May 2007
Govt urged to prioritize foreign investment in hitech projects
Banda Aceh (ANTARA) - General chairman of the Nanggroe Aceh Darussalam (NAD) Chamber of Commerce and Industry H Firmandez said foreign investment should be prioritized for high technology and capital intensive projects.
Thu, 10 May 2007
Bali to commence thermal power plant development
Denpasar, Bali (ANTARA News) - Bali province is expected to begin the development of a 400-MW thermal power plant (PLTU) around Celukan Bawang port, Beleleng district, in an effort to anticipate power crisis in the tourist resort island.