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Sat, 08 Apr 2006
Indonesian inflation to hit 14%
Foreign investment required to life growth by 6-7%Inflation at 14%Welcome to the basket case economy.....Kismet 2, playing in a high street near you.
Sat, 08 Apr 2006
Indonesian inflation to hit 14%
Apr 8, 2006 Indonesian inflation to hit 14%JAKARTA - Asian Development Bank (ADB) predicts that Indonesian inflation will reach 14% this year, far exceeding the government's target of 8%.However, a sharp decline to 7.5% is expected in 2007, Country Director of ADB in Indonesia Edgar A Cua said.
Fri, 07 Apr 2006
Chief economic minister optimistic on 6 percent growth
Apr 07 14:27Chief economic minister optimistic on 6 percent growth Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs, Boediono expressed optimism that Indonesia could reach its target of economic growth of 6.2 percent in 2006.
Fri, 07 Apr 2006
Indonesia mulls leasing some of its thousands of islands to foreigners
Report: Indonesia mulls leasing some of its thousands of islands to foreigners JAKARTA, Indonesia Indonesia is considering leasing some of its 18,000 islands to foreign companies to build luxury hideaways, a newspaper reported Thursday.
Fri, 07 Apr 2006
The Papuans Say, This Land and Its Ores Are Ours
Letter From IndonesiaThe Papuans Say, This Land and Its Ores Are OursBy JANE PERLEZPublished: April 5, 2006JAKARTA, Indonesia, April 2 - Titus Natkime, 31, the son of a tribal leader who encountered the first Americans to walk into the wilderness of Papua nearly 50 years ago, was clearly upset with...
Fri, 07 Apr 2006
Tongue-tied expats breath easier after test plan delayed
Tongue-tied expats breath easier after test plan delayedRendi Akhmad Witular, The Jakarta Post, JakartaExpats working here will not be required to take a controversial Indonesian-language test for the first six months after the official entry into effect of the new policy due to fears that...
Thu, 06 Apr 2006
Bakrie launches major new development
yes, that did occur to me too. perks of office, perhaps.
Thu, 06 Apr 2006
Manufacture of Machinery for Agriculture to be Prioritized
Manufacture of Machinery for Agriculture to be PrioritizedWednesday, 05 April, 2006 | 17:21 WIBTEMPO Interactive, Jakarta: The Department of Industry is to prioritize the development of manufacturing machinery for agricultural process products, including equipment for palm oil and sugar processing,...
Thu, 06 Apr 2006
Canada intensifies its investment in Indonesia's infrastructure sector
Apr 06 01:44Canada intensifies its investment in Indonesia's infrastructure sector Jakarta (ANTARA News) - Indonesia and Canada agreed to intensify their economic cooperation through the private sector in a bid to enhance investment in Indonesia, especially in the infrastructure sector.
Thu, 06 Apr 2006
Australia-RI rift 'must not spill over into economy'
Australia-RI rift 'must not spill over into economy'Benget Simbolon Tnb., The Jakarta Post, JakartaWith tension still high between Indonesia and Australia, a number of business figures have urged the government not to let it spill over into the economy as this would only do more harm than good.
Thu, 06 Apr 2006
Bakrie launches major new development
Bakrie launches major new developmentPT Bakrie Development Tbk is planning to develop an integrated business district on 44.7 hectares of land in Kuningan, South Jakarta.The company's president, Marudi Surachman, said in Jakarta on Wednesday that the development of the business district, to be...
Thu, 06 Apr 2006
Government to revise decree on public procurements
Government to revise decree on public procurementsThe government is currently in the process of drafting a revised presidential decree on public procurements in an effort to reduce rampant corruption in the bureaucracy that has led to an inordinately high cost of doing business here, Vice President...
Thu, 06 Apr 2006
RI economic growth in first quarter 2006 predicted to reach 4.58%
Apr 06 01:17RI economic growth in first quarter 2006 predicted to reach 4.58% Jakarta (ANTARA News) - Indonesia`s economic growth in the first quarter of 2006 will be 4.58 % or slightly higher than the 4.
Thu, 06 Apr 2006
RI foreign exchange reserves reach record high of US$41.1 billion
Apr 06 01:20RI foreign exchange reserves reach record high of US$41.1 billion Jakarta (ANTARA News) - Indonesia`s foreign exchange reserves during the first three months this year reached US$41.1 billion, a figure never recorded before, Bank Indonesia (BI) Governor Burhanuddin Abdullah said.
Wed, 05 Apr 2006
RI, US to revive trade investment forum
Apr 04 21:56RI, US to revive trade investment forum Jakarta (ANTARA News) - The Indonesian and US governments as well as private parties have agreed to revive the US-Indonesia Trade and Investment Forum (USITIF) for discussing various trade opportunities, obstacles and investment, Trade Minster...
Wed, 05 Apr 2006
US, Indonesia eye future free trade agreement
US, Indonesia eye future free trade agreementBy Doug Palmer Tue Apr 4, 6:14 PM ETWASHINGTON (Reuters) - The United States and Indonesia launched talks on Tuesday to curb illegal logging that threatens the Southeast Asian country's rain forests and advanced other initiatives that could lead to a...
Wed, 05 Apr 2006
Robust rupiah pierces important 9,000 level, closes at 16-month high
Robust rupiah pierces important 9,000 level, closes at 16-month highUrip Hudiono, The Jakarta Post, JakartaThe rupiah continued to strengthen Tuesday, reaching a 16-month high as easing inflation and a stable interest rate outlook boosted investor confidence in the country's economy.It ended 0.
Tue, 04 Apr 2006
Tourist arrivals down in February
Tourist arrivals down in FebruaryThe Jakarta Post, JakartaForeign tourist arrivals in the first two months of this year declined by nearly 15 percent compared to the same period last year amid the bird-flu scare and anti-Western demonstrations here following the controversial publication of...
Tue, 04 Apr 2006
Minister annoyed by costly procedures, vows change
Minister annoyed by costly procedures, vows changeRidwan Max Sijabat, The Jakarta Post, JakartaNewly appointed Manpower and Transmigration Minister Erman Suparno says he is shocked at the mass of red tape employers here have to wade through to hire expatriates and has pledged to quickly review the...
Tue, 04 Apr 2006
Employers want red tape slashed for expatriate workers
Employers want red tape slashed for expatriate workersRidwan Max Sijabat, The Jakarta Post, JakartaThe complicated and time-consuming immigration system for employing expatriates is turning off investors and needs urgent reform, employers say.
Tue, 04 Apr 2006
Money talks for smooth processing of work, stay permits
Money talks for smooth processing of work, stay permitsRidwan Max Sijabat, The Jakarta Post, JakartaStop by Floor M of the Manpower and Transmigration Ministry on Jl. Gatot Subroto in South Jakarta to witness a finely honed bureaucratic process in full working order.
Mon, 03 Apr 2006
Investment-hungry Indonesia must fight corporate locusts
Investment-hungry Indonesia must fight corporate locustsBudi Widianarko, SemarangI took pleasure in reading Ong Hock Chuan's column in this newspaper (March 24, 2006) that commented sympathetically on the Indonesian Chamber of Commerce and Industry's statement defending the interests of foreign...
Mon, 03 Apr 2006
Baked goods gaining popularity in Indonesia
weet bix can br bought at several places in jakarta, though they often disappear from the shelves for weeks at a time ("can't figure it out; people keep buying them"). and they are imported directly from oz ...
Mon, 03 Apr 2006
Foreign F&B chains flourish amid changing tastes
Foreign F&B chains flourish amid changing tastesAry Hermawan, The Jakarta Post, JakartaDoni Danika Putera was eager to open a Starbucks coffee shop in Balikpapan, East Kalimantan. "The number of expats working for foreign companies in Balikpapan has increased significantly.
Sat, 01 Apr 2006
US complains about handicaps in trade with Indonesia
Apr 01 18:18US complains about handicaps in trade with Indonesia New York (ANTARA News) - The United States government has complained about a number of problems and handicaps in its foreign trade with Indonesia, a US Trade Representative (USTR) office said.
Sat, 01 Apr 2006
Govt told to live up to trade rules
join the queue of complainants ... customs, like many other government depts, operates under its own rules, almost independent of any outside control including the minister. the rentier mentality seems to be deeply embedded within the indonesian psyche.
Sat, 01 Apr 2006
Govt told to live up to trade rules
Wish that they would do something on Import Duties for Oil Field equipment. Some of it is specified as duty free, but to get it out of customs we invariably need to pay duty. If we dont pay, its sits for a long time and we incurr liquidated damages from - guess what - government companies.
Sat, 01 Apr 2006
Govt told to live up to trade rules
Govt told to live up to trade rulesThe Jakarta Post, JakartaAlthough the government is pledging simpler, shorter and more clear-cut procedures for prospective foreign traders, businesspeople warn they could end up as empty promises without diligent implementation.
Sat, 01 Apr 2006
Indonesian exporters wrong-footed as quarantine stymies footwear exports
Indonesian exporters wrong-footed as quarantine stymies footwear exportsThe Jakarta Post, JakartaIndonesia's slow bureaucratic processes once again appear to be preventing an industry from achieving its full potential in the global market.
Sat, 01 Apr 2006
Baked goods gaining popularity in Indonesia
we always bring weet bix for my father in law.He call it " arfemud" dont know the meaning, could be a hakka word. Actually he can buy at supermarket in plaza indo, but he is one of those who believe they have repackaged inferior product just for him lol.
Sat, 01 Apr 2006
Baked goods gaining popularity in Indonesia
Baked goods gaining popularity in IndonesiaBy Dominique Patton30/03/2006 - Sales of crackers, c0okies and breakfast cereals are rising fast in Indonesia thanks to higher incomes and the large and growing population.
Sat, 01 Apr 2006
Indonesia, Malaysia to team up in crude palm oil venture
Indonesia, Malaysia to team up in crude palm oil ventureRendi Akhmad Witular, The Jakarta Post, Kuala LumpurIndonesia and Malaysia have agreed to form a strategic alliance to produce, market and export crude palm oil (CPO), with business players assuming the collaborative effort as an attempt to...
Sat, 01 Apr 2006
Malaysian business wants certainty in RI investments
Malaysian business wants certainty in RI investmentsRendi Akhmad Witular, The Jakarta Post, Kuala LumpurWhile interest is high in investing in Indonesian turnpike and plantation projects, Malaysian businesspeople are held back by concerns about uncertainty surrounding their enterprises.
Sat, 01 Apr 2006
Indonesia reappears on investors' radar screen
Indonesia reappears on investors' radar screenBali played host to the Second Indonesian Investment Forum last week, which brought together 700 foreign and local investors, and executives from international finance agencies to look at investment opportunities in Indonesia.
Fri, 31 Mar 2006
British investment in RI can only grow, PM says
British investment in RI can only grow, PM saysPresident Susilo Bambang Yudhoyono and visiting British Prime Minister Tony Blair agreed Thursday to boost economic ties and build on the changing business climate here and the enormous opportunities Indonesia has to offer to British investors.
Fri, 31 Mar 2006
Sluggish investment holding back economic growth: World Bank
Sluggish investment holding back economic growth: World BankThe Jakarta Post, JakartaIndonesia's economy may grow more slowly this year than in 2005 as private investment remains sluggish and only likely to pick up during the second half of 2006, the World Bank said in a report released Thursday.
Fri, 31 Mar 2006
New program should make RI more competitive
New program should make RI more competitiveThe Jakarta Post, JakartaThe key to reviving the country's manufacturing sector lies in efforts to increase competitiveness and to increase the added value of Indonesia's top products, a minister says.
Fri, 31 Mar 2006
World Bank East Asia Update - Indonesia Overview
I think that the massive fuel increases and increase in interest rates has had more of a negative effect than the anti corruption moves.
Fri, 31 Mar 2006
World Bank East Asia Update - Indonesia Overview
i'm not sure i totally agree with your claim that internal corruption has been driving the domestic economy, however i know for a fact that recent "corruption crackdowns" in certain departments have made things extremely difficult for investors and people setting up businesses.
Thu, 30 Mar 2006
Indonesia poised to be top palm oil producer
Many a quick fortune has been made in Sumatra, however after the logging and no replanting the question was asked what should be done with the empty land. The great idea was “let’s grow Palms for Palm Oil to supply the palm oil factories that we will build” .
Thu, 30 Mar 2006
Indonesia poised to be top palm oil producer
Indonesia poised to be top palm oil producerMarch 30 2006SINGAPORE: Indonesia may overtake Malaysia as the world's top palm oil producer by next year, much earlier than previously expected, as Jakarta encourages investments in plantations to profit from the demand boom, a senior official at...
Thu, 30 Mar 2006
RI developing nine free trade zones to spur investment, VP says
Mar 30 17:20RI developing nine free trade zones to spur investment, VP says Kuala Lumpur (ANTARA News) - Indonesia is currently developing nine free trade zones (FTZs) to help boost investment and industry in the country, visiting Vice President Jusuf Kalla said here Thursday.
Thu, 30 Mar 2006
World Bank East Asia Update - Indonesia Overview
East Asia Update - Indonesia Overview March 2006 The Indonesian economy ended 2005 with overall GDP growth of 5.6 percent, the highest rate in nine years. However, by year-end the growth story was mixed.
Thu, 30 Mar 2006
How mining companies could avoid political minefields
How mining companies could avoid political minefieldsWinarno Zain, JakartaInvestors seeking mining concessions in Indonesia have reason to envy the unique position that PT Freeport Indonesia, a subsidiary of U.S.-based Freeport McMoRan Copper and Gold Inc. has been in for the last four decades.
Tue, 28 Mar 2006
Investment in 2005 up by 96 Percent
Investment in 2005 up by 96 PercentTuesday, 28 March, 2006 | 14:08 WIBTEMPO Interactive, Jakarta: During 2005, investment in Indonesia rose by 96 percent to US$12.4 billion and this year the government is targeting a rise of 15.2 percent.
Tue, 28 Mar 2006
Minister Boediono's Speech on Foreign Investment and Indonesia-US
Minister Boediono's Speech on Foreign Investment and Indonesia-USTuesday, 28 March 2006Speech by H.E. BoedionoCoordinating Minister for Economic AffairsAt The United States-Indonesia Society (USINDO) Corporate Outreach DinnerOn“Advancing the Partnership between the United States and...
Tue, 28 Mar 2006
The missing link in reform
Editorial, The Jakarta Post The missing link in reformThe role of regional administrations has often been a vital component absent from the packages of reform measures and national and international meetings on investment promotion over the past two years.
Tue, 28 Mar 2006
End to port management monopoly may be near
End to port management monopoly may be nearThe Jakarta Post, JakartaTransportation Minister Hatta Radjasa has promised that the management of the country's ports will improve significantly after the House of Representatives amends the 1992 Shipping Law in July.