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Thu, 10 May 2007
Lippo Karawaci to build more hospitals
Publicly listed property company PT Lippo Karawaci Tbk will expand its healthcare business by renovating two of its international-standard Siloam Hospitals, and building five new ones at a total cost of US$500 million.President director Viven G.
Thu, 10 May 2007
Foreign investment options shrink
The government reaffirmed its commitment Wednesday to protecting local business by expanding the list of business fields closed to foreign investment."The new negative investment list will be longer and more detailed," Trade Minister Mari Elka Pangestu told reporters in Jakarta, referring to the...
Thu, 10 May 2007
Seminar: Indonesia Investment Update 2007
Originally Posted By: DilliWhy was Nelson Mandela there ? (Thats who it looks like in the first photo) that's mazuki usman. former minister. he was there to give the seminar some credibility. so the organisers thought. pity he came completely unprepared. made even worse by his poor english.
Thu, 10 May 2007
Seminar: Indonesia Investment Update 2007
Why was Nelson Mandela there ? (Thats who it looks like in the first photo)
Wed, 09 May 2007
Retail property rents to remain stable as demand grows
As the growth of the retail sector corresponds somewhat with growth in demand for commercial retail premises, we would like to take this opportunity to briefly discuss the retail property market outlook and its impact on retailers.
Wed, 09 May 2007
Shell opens three more gas stations in Jakarta
The local arm of Royal Dutch Shell Plc. opened three new gas stations here Tuesday, adding to its seven existing outlets in Greater Jakarta.The newly opened stations are on Jl. T.B. Simatupang, South Jakarta, Jl. Daan Mogot, West Jakarta, and Jl. Senen Raya, Central Jakarta.
Wed, 09 May 2007
Minimum 10 Percent Investment Growth Required
TEMPO Interactive, Jakarta: The government needs investment growth to be 10 percent in order to catch up with the targeted non-oil and gas export growth of 14.5 percent.Last year, investment growth was only three percent.
Wed, 09 May 2007
Ministry to issue investment update
JAKARTA: The Ministry of Foreign Affairs is to start publishing a periodic economic update on business opportunities in Indonesia's major provinces so as to help provide reliable information about the country's investment opportunities to foreign investors.
Tue, 08 May 2007
Cepu oil production delayed for ten months
HelloI have just posted a message.May be you know the answer.I need the name of the human resources manager of PT Exxonmobil (Lubricant unit) in Jakarta. If not, phone number Ta
Tue, 08 May 2007
Indonesian shipbuilders receive orders worth US$220 mln
Jakarta (ANTARA News/Asia Pulse) - Shipping companies from the Netherlands, Britain and Germany will place orders for cargo ships and tankers worth US$220 million from Indonesian shipbuilding companies.
Tue, 08 May 2007
Modern VCO factory to be built in North Sulawesi
Manado, N Sulawesi (ANTARA News) - North Sulawesi will have a modern virgin coconut oil (VCO) factory which will be build at an investment value of Rp1.3 billion from provincial budget, an official has said.
Tue, 08 May 2007
RI`s economy will not change much, says observer
RI`s economy will not change much, says observerJakarta (ANTARA News) - The Indonesian economy will not change much following the cabinet reshuffle announced on Monday as the government`s economic team has remained the same, economic observer Ichsanuddin Noorsy said here Monday.
Tue, 08 May 2007
Indonesia assures foreign investors
Kyoto (ANTARA News) - Indonesia assured foreign investors here on Monday that it had already made various reform efforts in the economic and financial fields, including in debt management which was now done transparently and with accountability.
Tue, 08 May 2007
Private Sector Compete in Guaranteeing Infrastructure Projects
TEMPO Interactive, Jakarta: Private sector and international financial institutions have stated their interest in guaranteeing infrastructure projects such as the monorail, toll roads, harbors, airports and electricity generating plants.
Tue, 08 May 2007
Policies 'unfriendly to foreign investors'
agreed captain ... I dont understand people who can complain about the work ethic of somebody they are paying low wages to. I have some really good people in my company who work well. However the problem is that the government has over protected the workers of Indonesia.
Mon, 07 May 2007
Policies 'unfriendly to foreign investors'
Originally Posted By: chewwyUKNo doubt there will be more and more stories like this one unless something is done very soon But sometimes we don't seem to want to ...I listened to something that made me very cross on Sunday morning , a guy saying that Indonesians were lazy - as I mentioned to...
Mon, 07 May 2007
Policies 'unfriendly to foreign investors'
All the more disturbing because Bintan was supposed to have "extra" incentives as a special "investor-friendly" zone...AND... for sure they won't be taking their business to France, the work week is below 35 hours and they're trying to lower it further.
Mon, 07 May 2007
Policies 'unfriendly to foreign investors'
I am not sure what the "best" solution; on one hand I believe that the government should do something to encourage foreign investors to stay and on the other hand, I thing these investors are "playing games" on who/what countries can give the most concessions.
Mon, 07 May 2007
Policies 'unfriendly to foreign investors'
No doubt there will be more and more stories like this one unless something is done very soon
Mon, 07 May 2007
India's Essar Plans Java Steel Plant
Essar Indonesia is an affiliate company of Essar Steel Ltd. The company began commercial operations in 1997 and is one of the biggest producers of cold rolled steel in Indonesia. Dont I know it, their Cibitung Plant is 200 metres awy from the office and they have a 24/7 traffic problem with 40 foot...
Mon, 07 May 2007
Sinar Mas, Fulcrum to Build Biofuel Plant
The Sinar Mas Group has signed a deal with U.S. energy firm, Fulcrum Power Services, to build a biodiesel plant with an initial capacity of 400,000 tons a year, a company official said on Friday (4/5/07).
Mon, 07 May 2007
Personal Computer Sales Jump in 1Q
Sales of personal computers in the first quarter jumped 23% over the same period last year, reaching a total of 360,500 units, Antara reported.The increase was sharper in notebook sales, which shot up 60%, market analysts said.
Mon, 07 May 2007
India's Essar Plans Java Steel Plant
PT Essar Indonesia, a member of India's Essar Group, plans to build a steel plant in West Java with production capacity of 2 million tons of billet per year, a senior industry ministry official said on Friday (4/5/07), Reuters reported.
Mon, 07 May 2007
Strategic Alliance with S. Korea
South Korea has demonstrated its commitment to an Indonesian-Korean strategic alliance, says Trade Minister Mari Pangestu."They are not looking for incentives or special treatment. All they are looking for is clarity, information and certainty," Pangestu said Tuesday (1/5/07) after concluding the...
Mon, 07 May 2007
Rp1,180t Needed to Meet Growth Target
Indonesia requires an investment of Rp1,180 trillion next year to achieve the economic growth target of 6.7% to 7%, Coordinating Minister for the Economy Boediono said.Of the investment needs, Rp141 trillion will come from both central and regional governments and the remaining Rp1,039 trillion, or...
Mon, 07 May 2007
Rising RI industry figures to support first-quarter growth
Indonesia's automotive and cement sectors have performed relatively well for 2007's first three months, a compilation of the latest industry figures show, which should help support higher first quarter growth on consumption and exports.
Mon, 07 May 2007
CNOOC to build 3 biodiesel plants in West Kalimantan
China's largest offshore oil producer by output, CNOOC, plans to build three biodiesel plants in West Kalimantan this year, a government official says.Evita H. Legowo, an assistant to the energy and mineral resources minister and also the first secretary of the National Biofuel Development...
Mon, 07 May 2007
Chinese investor to set up biodiesel firms in West Kalimantan
PONTIANAK (Antara): A Chinese investor will set up three biodiesel companies in West Kalimantan that will process the province's crude palm oil (CPO) production, alocal official said on Sunday.Head of Cooperatives Coordination Agency (UKM) of West Kalimantan's Capital Investment Board (Bakomapin),...
Mon, 07 May 2007
RI agrees to form joint economic forum committee with Malaysia
KUALA LUMPUR (Antara): The Indonesian government has agreed to a proposal by Malaysia to set up a bilateral economic committee to handle the increasing flow of Malaysian investment funds to Indonesia."Malaysian Trade Minister Rafidah has proposed institutionalized meetings to be conducted in the...
Mon, 07 May 2007
Policies 'unfriendly to foreign investors'
At least 2,670 workers at foreign investment company PT Nasional Garment Bintan (NGB) in Riau Islands province face layoffs after the firm decide to close, saying local policies were not foreign-investor friendly.
Sun, 06 May 2007
Possibility to raise export duty on CPO still considered
Jakarta (ANTARA News) - The Indonesian government is still considering whether it would raise its export duty on crude palm oil (CPO) following the hike in the retail price of cooking oil in the country to Rp8,000 per kilogram."The rate of increase has yet to be set.
Sun, 06 May 2007
RI`s oil-palm plantation revitalization need 340,000 workers
Jakarta (ANTARA News) - 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 Ministry official said.
Sun, 06 May 2007
Indonesia agrees to form joint economic committee with Malaysia
Kuala Lumpur (ANTARA News) - The Indonesian government has agreed to a proposal by Malaysia to set up a bilateral economic commttee to handle the increasing flow of Malaysian investment funds to Indonesia.
Sun, 06 May 2007
Indonesian shopaholics rejoice: Seibu coming to Jakarta soon
Publicly listed retailer PT Mitra Adiperkasa (MAP), the local franchisee of a large number of major international brands, is expanding its high-end retail business by opening Jakarta's first outlet of upmarket Japanese department store, Seibu.
Sun, 06 May 2007
Industry Asked to Build Factories in Gas-Surplus Areas
TEMPO Interactive, Jakarta: The government asked industry to build factories in a gas-surplus area in order to ease energy fuel distribution to the industries.“Now it's time for industries to follow the energy, not vice versa,” said Minister of Energy and Mineral Resources, Purnomo Yusgiantoro,...
Fri, 04 May 2007
RI has work cut out to catch China, India
I think Indonesia will need to do a lot more than controlling inflation and increasing personal savings rate as suggested by UBS economist. The country will need to be transparent in the way it does businesses with the outside world.
Thu, 03 May 2007
Indonesia, Fastest Destroyer of Forests in the World
Indonesia doesn't deserve all the credit. China, Malaysia, Singapore and the West, including the World Bank, all play a valued role. It's an all round team effort that makes you proud to be human.
Thu, 03 May 2007
Indonesia, Fastest Destroyer of Forests in the World
TEMPO Interactive, Jakarta: Indonesia has broken the record of the Guinness Book of World Record as the fastest destroyer of forests in the world and therefore will be listed in the 2008 Guinness Book.According to Hapsoro, the Southeast Asian Green Peace's forest campaigner, as many as 72 percent...
Thu, 03 May 2007
Seminar: Indonesia Investment Update 2007
Indonesia Investment Update 2007 Wednesday, May 9, 2007 Diamond Room 1 Nikko Hotel – Jakarta. BACKGROUND The Indonesia parliament has just enacted the new Investment Law at March 29, 2007. This new law is to amend the old one of the Law No.
Thu, 03 May 2007
Indonesia left behind in global carbon trade
what's the going rate of an Indonesian CDM consultant .... $800 USD per month. Given the market is worth US$10 billion why don't companies here pay a lot more money to get better quality people???and FYI the number of Indonesian people with experience in this area can be written on the back of a...
Thu, 03 May 2007
Indonesia left behind in global carbon trade
Global carbon trading, one of the mechanisms for reducing greenhouse gasses under the Kyoto Protocol, has been increasing over time, and is today worth tens of billions of dollars. But Indonesia has been far left behind the rest of the pack.
Thu, 03 May 2007
RI has work cut out to catch China, India
Indonesia is on the right track to once again becoming one of Asia's fastest growing economies, but still has a lot to do if it wants to rival China and India, say analysts from UBS AG.According to UBS, Indonesia should promote exports and investment based on its comparative advantages in natural...
Thu, 03 May 2007
Mobile-8's Q1 net profit rings up 14% increase
Mobile phone operator PT Mobile-8 has announced an increase of 14 percent in its unaudited net profit to Rp 16.9 billion (US$1.8 million) in the first quarter on the back of an increased subscriber base.The number of Mobile-8 subscribers surged by 101.1 percent to 2.
Thu, 03 May 2007
BI to keep Rupiah stable at around Rp9,000 against US Dollar
Jakarta (ANTARA News) - Bank Indonesia (BI) Governor Burhanuddin Abdullah said here on Wednesday the bank would strive to make the exchange rate of the country`s currency stable at around Rp9,000 against the US dollar in support of the real sector.
Thu, 03 May 2007
RI to create 1.5 million hectares of oil palm plantations until 2010
Jakarta (ANTARA News) - Indonesia plans to develop 1.5 hectares of oil palm plantations until 2010 to increase production to 18 million tons over the next three years, an industry spokesperson said.The chief of the Indonesian Palm Oil Commission (KMSI), Rosediana Suharto, said here on Wednesday...
Thu, 03 May 2007
Observers question economic team`s success claims
Jakarta (ANTARA News) - Tim Indonesia Bangkit (TIB), a private economic research group, has questioned the claims of success made by President Susilo Bambang Yudhoyono`s economic team."There is a tendency on the part of the government`s economic team to claim successes in improving the national...
Wed, 02 May 2007
Construction sector gearing up for economic recovery
Following Indonesia's slow recovery from the financial crisis, growth in the country's construction sector has been lagging. Will things stay this way going forward?Ten years after the financial crisis, construction activity has not fully recovered.
Wed, 02 May 2007
April prices down 0.16 percent, statistics agency reports
Indonesia's economy appears to be shaping up well, with the latest figures showing inflation remaining well under control, which should spur more spending and investment ahead.Consumer prices actually dipped 0.
Wed, 02 May 2007
Korean firms to pour US$3 bln into 7 Indonesian energy projects
Jakarta (ANTARA News/Asia Pulse) - South Korean investors have pledged to invest around US$3.31 billion in seven Indonesian energy projects."Included amongst the projects is the development of the country's first nuclear power plant, to be built with a capacity of 1,000 megawatts," Energy and...