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Wed, 27 May 2009
Government Scrambles to Fill Excel’s Palapa Ring Gap
The government is desperately trying to get the long-delayed $700 million Palapa Ring telecommunications project back on track after PT Excelcomindo Pratama pulled out of the project consortium on Monday.
Wed, 27 May 2009
Government Plans To Unload Industrial Park Stakes
The government plans to sell its stake in five industrial park companies worth more than Rp 900 billion ($87.3 million), a senior official said on Tuesday.The move comes despite political rivals calling the current administration “neo-liberal” - a derogatory label in Indonesian politics, where...
Wed, 27 May 2009
Government to Set 3% Tariff on CPO Exports
In a bid to stabilize domestic palm oil prices, Indonesia is expected to institute a 3 percent tax on crude palm oil exports next month, Trade Minister Mari Pangestu said in Jakarta on Tuesday.“The local price will be affected by the rising global CPO price as a number of producers would prefer...
Wed, 27 May 2009
Modern Retailers Reject Zoning Regulations
TEMPO Interactive, Jakarta:Modern retail business people are rejecting a regulation on the zoning of commercial buildings issued by the regional administration, given that traditional markets are spread throughout the Jakarta area.
Tue, 26 May 2009
World Bank: Indonesia Could Do Better
It's his stock speech. I'm surprised he didn't mention the energy subsidies.
Tue, 26 May 2009
Banks' scramble for stakes in Indonesia intensifies
Banks' scramble for stakes in Indonesia intensifiesBy John Aglionby and Paul BettsHSBC's completion of its acquisition of 89 per cent of Indonesia's Bank Ekonomi for $607.5m and the UK-based bank's move to buy out the rest of the shares speaks much about the potential for growth in the world's...
Tue, 26 May 2009
Website at the heart of graft scandal shut down
Yusril, Hartono believed involved in corruption: prosecutorJakarta (ANTARA News) - Former minister Yusril Ihza Mahendra and businessman Hartono Tanoesoediyo are believed to have taken part in corrupt acts in procuring a Legal Entity Administration System at the justice ministry, a public prosecutor...
Tue, 26 May 2009
World Bank: Indonesia Could Do Better
Indonesia could end up emerging relatively unscathed from the economic crisis if the government continued to carefully manage the economy and there were no more external shocks, World Bank country director Joachim Von Amsberg said on Monday in an exclusive interview with the Jakarta Globe.
Mon, 25 May 2009
Indonesians should follow the Japanese in curtailing foreign businesses: Prabowo
"And we could possibly collapse if foreign countries declined to accept our exports," Prabowo said.Mate, that's the least of your worries. Imagine if you prevented your countrymen from being able to purchase Nokia phones, or worse, BMWs.Prabowo is a fat fuck.
Mon, 25 May 2009
Indonesia’s Yudhoyono eyes 7% growth by 2014 By John Aglionby in Jakarta Published: May 20 2009 16:15 | Last updat
Indonesian President Susilo Bambang Yudhoyono outlined yesterday his domestic agenda for the next five years, predicting that if re-elected later this year Indonesia would record 7 per cent annual economic growth by 2014.
Mon, 25 May 2009
RI CPO competitiveness under threat
Despite Indonesia being the world’s largest producer of crude palm oil (CPO), its competitiveness in overseas markets is being eroded due in part to burdensome levies – both by central and local governments – and to poor infrastructure.
Mon, 25 May 2009
Indonesians should follow the Japanese in curtailing foreign businesses: Prabowo
Prabowo Subianto said Sunday American retailer Wal-Mart's collapse in Japan was a good example for Indonesia of scaling back the expansion of foreign retailers while simultaneously supporting local market traders in the country.“What the Japanese did was a good example of nationalism.
Sun, 24 May 2009
Indonesia's Megawati eyes tougher line on foreign firms
Van Zorge Report: Is he, Taufik Kiemas, the real power behind PDIP or is it more a partnership?Janis: They work together. In the beginning we believed Kiemas controlled Megawati but just before we separated we changed our opinion - they work together.
Sun, 24 May 2009
Indonesia's Megawati eyes tougher line on foreign firms
Quoting: biznews Indonesian opposition leader and presidential candidate Megawati Sukarnoputri said on Friday she would take a tougher stance in contract negotiations with foreign resource firms if elected in July."We have a real weakness in the way we write our contracts.
Sun, 24 May 2009
Call to ‘Buy Local’ Fails to Click With High-Heel Lovers
The government’s ongoing campaign to get Indonesians to buy local isn’t about to get between a woman and her shoes, especially when an Italian pair is concerned. Patriotism or not, the devil will usually get her to wear Prada.
Sun, 24 May 2009
Indonesia's Megawati eyes tougher line on foreign firms
indeed, i was imprecise with my words. should have read: "or Prabowo has some sort of cunning plan ...". that plan would invariably involve the use of huge sums of money. and prabowo has plenty of that to spare, not to mention the financial resources and backing of the Cendana group.
Sun, 24 May 2009
Indonesia's Megawati eyes tougher line on foreign firms
Cunning, Plan & Mega are not three words I would ever use in a sentence
Sun, 24 May 2009
Indonesia's Megawati eyes tougher line on foreign firms
JAKARTA, May 22 (Reuters) - Indonesian opposition leader and presidential candidate Megawati Sukarnoputri said on Friday she would take a tougher stance in contract negotiations with foreign resource firms if elected in July.
Sun, 24 May 2009
Pulling the Plug on New Investment
Inadequate Electrical Supply is Contributing to Slowdown of New Investments in Bali.(5/22/2009) The Jakarta Post reports that limited power supplies are causing headaches for domestic and foreign investors in Bali.
Sat, 23 May 2009
HSBC Completes Acquisition of Indonesia-based Bank Ekonomi for US$607.5 mln in Cash
Sat, 23 May 2009
HSBC Completes Acquisition of Indonesia-based Bank Ekonomi for US$607.5 mln in Cash
(RTTNews) - Financial services firm HSBC Holdings Plc (HBC: News ,HSBA.L: News ) Friday said that it has completed the acquisition of 88.89% of PT Bank Ekonomi Raharja Tbk or Bank Ekonomi, for US$607.5 million in cash through its subsidiary HSBC Asia Pacific Holdings, UK, Ltd.
Sat, 23 May 2009
Electronics Industry Expects Rp 2t Rise in Sales This Year
Despite declining purchasing power, higher sales taxes on electronic goods and falling export demand, the local electronics industry remains optimistic that it can achieve both higher domestic and overseas sales this year, an official said.
Sat, 23 May 2009
Wood Exporter Sumalindo Just Looking to Cut Losses
Aditya WikramaWood products exporter PT Sumalindo Lestari Jaya sees gloomy prospects ahead this year after being hit hard by the global crisis, resulting in falling exports and higher foreign-exchange losses.
Sat, 23 May 2009
Electricity shortage hampers investment in Bali
Ni Komang Erviani , The Jakarta Post , Denpasar The ongoing electricity crisis has hampered both domestic and foreign investments to the tourist island of Bali since the last few years.Tedja Nandi Yasa, vice chairman of the Bali chapter of the Indonesian Chamber of Commerce and Industry (Kadin),...
Fri, 22 May 2009
President asks bizmen to be patient in facing bureaucracy
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono (SBY) asked businessmen to be patient in facing the problems posed by the country`s bureaucracy which had yet to support the business world, saying it still needed to be reformed.
Fri, 22 May 2009
RI`s furniture exports may fall 30 pct this year
Jakarta (ANTARA News) - Indonesia`s furniture exports in 2009 may fall 30 percent from last year`s US$2.65 billion because of global economic slowdown, the Indonesian Association of Furniture and Handicraft Industries (Asmindo) said.
Fri, 22 May 2009
Indonesia’s Yudhoyono eyes 7% growth by 2014 By John Aglionby in Jakarta Published: May 20 2009 16:15 | Last updat
Indonesian President Susilo Bambang Yudhoyono outlined yesterday his domestic agenda for the next five years, predicting that if re-elected later this year Indonesia would record 7 per cent annual economic growth by 2014.
Thu, 21 May 2009
Plantation companies in conflict with villagers
Truckload of problems: A truck transporting palm oil fruit products travels along a road dissecting a plantation in Riau. An increasing number of forest areas nationwide are being converted into palm oil plantations due to a rise in demand for the natural commodity globally.
Thu, 21 May 2009
RI's competitiveness index improves : SBY
Presidential candidate Susilo Bambang Yudhoyono on Wednesday said that the competitiveness index of Indonesia had increased significantly, meaning that the country's products can compete those from overseas.“The country's competitiveness index has improved pretty well.
Thu, 21 May 2009
Transportation minister against limiting imported ships` age to 15 years
Jakarta (ANTARA News) - Transportation Minister Jusman Syafii Djamal has expressed disapproval of an industry ministry plan to gradually ban the importation of used ships older than 15 years starting in 2010.
Wed, 20 May 2009
Pipeline Maintenance To Cut Batam Off Electricity For Three Days
i am indeed in batam! will be back in the big durien on saturday, however, thus avoiding the blackouts.
Wed, 20 May 2009
Pipeline Maintenance To Cut Batam Off Electricity For Three Days
i take it you are in Batam at the moment?
Wed, 20 May 2009
Pipeline Maintenance To Cut Batam Off Electricity For Three Days
TEMPO Interactive, Jakarta: State Electricity Company announced that power supply in Batam, Riau Islands Province to be cut for three days during the maintenance work on the Grissik pipeline.Black out to start on May 23rd to May 25 2009, but the state company said to provide a limited amount of...
Tue, 19 May 2009
Indonesia president tipped for new term on economy
JAKARTA (Reuters) - Indonesian President Susilo Bambang Yudhoyono is a clear favourite to win a second term in office in a July election, helped by the resilient performance of Southeast Asia's largest economy during the global crisis.
Tue, 19 May 2009
RI's e-government market lucrative
The government's efforts to improve transparency and efficiency by applying IT-enabled services is providing a good opportunity for developers to tap deeper into the country's lucrative, but largely undeveloped, e-government market.
Tue, 19 May 2009
Palm oil exports at risk from overseas buyers boycott
Indonesia's palm oil business, already hit by lower prices, risks an overseas buyers boycott, with NGOs saying government plans for huge plantations in Kalimantan may mean big environmental damage.The Indonesian Palm Oil Board (DMSI) said last week that fears about the government's proposed palm...
Mon, 18 May 2009
The Anxieties of Mobility: Migration and tourism in the Indonesian borderlands
Johan A. LindquistHonolulu: University of Hawai‘i Press, 2009, 193pp.ISBN 978-0-8248-3201-8 (hard cover)ISBN 978-0-8248-3315-2 (paperback)The Indonesian island of Batam, just a short boat ride from Singapore, used to be largely deserted.
Sat, 16 May 2009
Govt to discuss incentives for oil plant development
Jakarta (ANTARA News) - The government will discuss three incentive options in an effort to accelerate the development of fuel oil refinery plants, a downstream oil affairs official said.Down Stream Oil Development Director Saryono Hadiwidjojo said in a press release here on Friday that the three...
Sat, 16 May 2009
Perum Pegadaian prepares to go public
State pawn shop operator Perum Pegadaian is set to go public, saying it would prefer Indonesian investors buy its shares over foreign interests.“The Indonesian investors know that many people still live in poverty.
Sat, 16 May 2009
Business Runs in the Family in Indonesia
Family-owned businesses (FOBs), are considered a safe haven in tumultuous times. They appear closely managed, and in Asia, well diversified to outlast a recession. But is this the case in Indonesia?According to the Family Business Review, the main costs of family ownership are the potential to...
Sat, 16 May 2009
Indonesia GDP Grows at Fastest Pace in Southeast Asia
May 15 (Bloomberg) -- Indonesia’s economy grew at the fastest pace in Southeast Asia last quarter as local spending accelerated at its fastest pace since at least 2000, helping the nation fend off the global recession.Gross domestic product expanded 4.
Thu, 14 May 2009
Plenty of interference in RI's telecommunications sector
State-run PT Telkom, Indonesia's largest telecommunication company, recently released this year's first quarter results that suggest a continuing tough operating environment in the telecommunication sector.Revenue was down 2.
Thu, 14 May 2009
Indonesia May Set Up Infrastructure Guarantee Fund
JAKARTA -(Dow Jones)- The Indonesian government may by June set up a guarantee fund as part of ongoing efforts to draw more private investment into infrastructure, a senior government official said Wednesday.
Thu, 14 May 2009
Employers Cry Foul as Government Considers Scrapping Law on Contract Workers
The government is considering ending the controversial contract worker scheme passed in 2003, which has increasingly been used by companies to hire workers outside the boundaries of the country’s tight labor laws that make it almost impossible to fire employees.
Wed, 13 May 2009
Chief Justice urges overhaul of tax tribunal
With biased presiding judges and structurally outside the judicial system, the tax tribunal has become the subject of controversy, and this needs to be immediately resolved, chief justice Harifin Tumpa says.
Wed, 13 May 2009
Carrefour Combats KPPU Allegations
indeed, it is a complete abuse of the intent of the antimonopoly law. it's a clear attempt to intimidate a successful business, and only because it is foreign owned.this whole murky process sends a very negative signal to companies wanting to invest into indonesia.
Wed, 13 May 2009
Carrefour Combats KPPU Allegations
so does this mean that we will look to fine any company who has built their success on providing a better cheaper service?
Wed, 13 May 2009
Carrefour Combats KPPU Allegations
French retailer Carrefour on Tuesday said that it would reject the Business Competition Supervisory Commission’s (KPPU) demand that it change its business practices, challenging the KPPU’s ongoing probe into the company’s alleged monopolistic behavior.
Wed, 13 May 2009
Astra International to expand mining business
Jakarta (ANTARA News) - PT Astra International (ASII) plans to expand further its business in the mining sector because of its good prospects and potential to generate profits in the long term.The company`s chief corporate communication, Arief Istanto, said PT ASII through its subsidiary PT United...
Wed, 13 May 2009
SBY: Don’t Expect Miracles
Despite recent signs of recovery, no one should expect too much from the economy this year, President Susilo Bambang Yudhoyono warned on Wednesday.Some pundits are predicting an impending bottom to the global recession, and with the governments’ fiscal stimulus package taking effect, market...