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Mon, 29 Nov 2010
Yahoo Sees Lots of Potential in Indonesia’s Burgeoning Internet Market
Jakarta. Global Internet giant Yahoo is gearing up to increase its presence in Indonesia after recently acquiring local location-based service provider Koprol and launching a campaign to attract first-time Internet users.
Sun, 28 Nov 2010
Indonesia Verifies Issue on Bicycle Exports
i have observed the same phenomenon ... and the bikes that are being purchased aint cheap: Rp20-30jt. owning a bike and all the accessoraries has become a new middle class status symbol.
Sun, 28 Nov 2010
South Sulawesi Hoping to Become World Food Supplier
TEMPO Interactive, Makassar:The South Sulawesi Provincial Government hopes to be one of the world food suppliers. The opportunity come from the “food basket” concept proposed at the BIMP-EAGA Agricultural and Fisheries annual meeting in Makassar yesterday.
Sun, 28 Nov 2010
Coffee to be included in plantation revitalization program
Jakarta (ANTARA News) - The Ministry of Agriculture will include coffee as one of the commodities to be prioritized in the plantation revitalization program next year, a minister said.Agriculture Minister Suswono said here on Saturday that at present the plantation revitalization program only...
Sun, 28 Nov 2010
Minister wants end to RI`s raw material exporting era
Bandung, West Java (ANTARA News) - Industry Minister MS Hidayat said Indonesia needs to stop being an exporter of raw materials so as to develop its own industries."It is my ambition to increase the volume of exports of goods other than raw materials.
Sun, 28 Nov 2010
Govt to develop Arabica coffee
Jakarta (ANTARA News) - The government will focus on the development of Arabica coffee next year, a cabinet minister said."Indonesia`s arabica coffee is quite popular in the world market, therefore, the government will focus on the development of arabica coffee.
Fri, 26 Nov 2010
Bright Future Seen for Growth in Current Climate
Jakarta. Top executives and investment bankers are optimistic about business growth in Indonesia, particularly in the commodity and service sectors, citing strong economic fundamentals and political stability.
Fri, 26 Nov 2010
Tiga Pilar Plans $175 Million Palm Oil Expansion on Rising Global Demand
Tiga Pilar Sejahtera Food, an Indonesian producer of dried noodles, may spend $175 million to plant oil palm trees and buy a plantation company in Sumatra to tap growing demand for the commodity.Tiga Pilar will plant 15,000 hectares to 16,000 hectares of land it owns next year at a cost of as much...
Fri, 26 Nov 2010
Economy Does Not Depend on Top Companies:BI
VIVAnews - Bank Indonesia and the National Statistics Agency expect that the inflation rate can be slowed down. Should there be lower inflation rate, the Bank Indonesia (BI) Rate may have another cut, which will result in lower lending rate. Eventually, lending rate may reach its one-digit level.
Fri, 26 Nov 2010
Indonesia-Poland Trade Expected to Grow
TEMPO Interactive, Jakarta:Romuald Morawski, the Polish Trade Promotion and Investment Division chief, thinks trade between Indonesia and Poland will grow by 20 percent. However, Poland has been suffering from trade deficits because it trades more often with European countries.
Fri, 26 Nov 2010
Indonesia’s Tiga Pilar Plans $175 Million Palm Oil Expansion
PT Tiga Pilar Sejahtera Food, an Indonesian producer of dried noodles, may spend $175 million to plant oil palm trees and buy a plantation company in Sumatra to tap growing demand for the commodity.Tiga Pilar will plant 15,000 hectares to 16,000 hectares (37,000 acres to 39,500 acres) of land it...
Fri, 26 Nov 2010
Business Is Good, but Could Be Better, Says US Envoy A. Lin Neumann
US President Barack Obama’s quick trip to Indonesia last week helped cement warm ties between the two countries on a number of different levels, the new US ambassador said.But trade and investment ties, while growing, may be held back by protectionist measures that could dampen the appetite of US...
Fri, 26 Nov 2010
Cabotage principle to cause sharp drop in RI`s oil production
Jakarta (ANTARA News) - Indonesia`s oil production will drop by up to 270,000 barrels per day , if the cabotage principle is applied to foreign contractors in 2011, the country`s oil and gas industry`s regulator said.
Thu, 25 Nov 2010
Foreign oil drilling vessel can still operate
Some foreign-owned vessels, including oil drilling vessels, will be exempt from the law on cabotage until May, Transportation Minister Freddy Numberi says.The temporary exclusion from the law, which restricts foreign-owned vessels from operating in Indonesia’s waters, would support the...
Thu, 25 Nov 2010
Indonesia Verifies Issue on Bicycle Exports
TEMPO Interactive, Jakarta:The Trade Minister is cooperating with the European Union to clear issues on bicycle product circumvention. “There are assumptions that bicycles from China are being exported to Europe through Indonesia,” said Ernawati, the Trade Ministry’s Trade Security director,...
Thu, 25 Nov 2010
Indonesia Government Plans to Finalize Land Reform Law by End of Year
Jakarta. A draft bill to regulate land acquisition for public projects was sent to the president last week and would reach the legislature before the end of the year, the head of the National Land Agency said on Wednesday.
Thu, 25 Nov 2010
Sitti Invites Bloggers to Challenge Google
VIVAnews - New startup has only been launched in Indonesia. Sitti has indexed more than 20 terabytes of data; comprising 12 million articles, 12 million Twitter accounts, 10 million Facebook conversations, 20 thousand words of slang and 2.
Thu, 25 Nov 2010
Indonesia's domestic coal sales to hurt future exports
JAKARTA, Nov 24 (Reuters) - Indonesia's requirement for miners to sell more coal for the domestic market may squeeze supply within the next three to four years as domestic demand rises and production capacity is struggling to expand as quickly, officials said on Wednesday.
Thu, 25 Nov 2010
Pertamina Develops Geothermal Electricity
TEMPO Interactive, Jakarta:The Pertamina Geothermal Energy (PGE) is developing 765 megawatt (MW) of potential geothermal energy. The project, said Zainal Ilmie Bachrun, the Planning and Development director of PGE, is part of the geothermal energy long term development to produce 1.
Thu, 25 Nov 2010
Indonesian vice president calls for reform on bureaucracy
JAKARTA, Nov. 24 (Xinhua) -- Indonesian Vice President Boediono on Wednesday reminded all government officials in key positions to continuously make bureaucratic reforms as an effort to lure much needed foreign investment, Antara news wire said here.
Thu, 25 Nov 2010
Bengkulu to build dockyard
Bengkulu (ANTARA News) - The regional government of Bangkulu province is planning to build a dockyard at Pulau Baai port in an effort to increase its income from the port services sector, a local official said.
Thu, 25 Nov 2010
Domestic bicycle production expected to reach 3.5 mln next year
Jakarta (ANTARA News) - Domestic bicycle production is expected to reach a record high of 3.5 million next year after several bicycle makers plan to raise their production capacity, a spokesman said.The annual domestic bicycle production which now reached less than 2 million units still fell short...
Wed, 24 Nov 2010
Vallar must weigh up Indonesia’s risks and benefits
To the ancient Romans, vallar was the laudatory adjective applied to the legionary who first surmounted the enemy’s ramparts and broke into his camp.At first sight, that is what Nathaniel Rothschild has done with a $3bn deal that will turn his Vallar cash shell into a London-listed Indonesian...
Wed, 24 Nov 2010
Coca Cola Amatil meets with SBY, pledges to up investment
Australia-based Coca Cola Amatil will increase its investment in Indonesia by A$100 million per year, it was announced when the company’s managing director Terry Davis met Wednesday with Indonesia’s President Susilo Bambang Yudhoyono.
Wed, 24 Nov 2010
Indonesian High Court Hands Victory to Carrefour in Monopoly Case
Jakarta. The Supreme Court has rejected the Business Competition Supervisory Commission’s appeal of its ruling that voided sanctions against French-based retailer Carrefour for unfair market practices.
Wed, 24 Nov 2010
Is Indonesia Important in Global Economy?
VIVAnews - Asian countries, including Indonesia, are gaining more improvements in the economy and divert the attention of western countries to the East. The rising economy in Asia as a result causes the countries to join in the eastern economic order.
Wed, 24 Nov 2010
China Asked to Invest in Shipping
TEMPO Interactive, Jakarta:The government has asked China to invest in shipping and harbor development. One of the industry potential, said Edy Putra Irawadi, deputy Coordinating Minister for the Economy, in charge of Industry and Trade, is the big volume, 110.
Wed, 24 Nov 2010
Govt invites Chinese investors to develop ports
Jakarta (ANTARA News) - The Indonesian government is inviting Chinese investors to increase their investment in the shipbuilding and port sector in Indonesia, an official said.The Chinese investment in the sector would pave the way for the government plan to develop national connectivity and...
Tue, 23 Nov 2010
Belgium Interested in Investing in Jakarta
TEMPO Interactive, Jakarta:Belgium is interested in investing in waste water management, harbor construction, and processing of clean water in Jakarta. Belgium Ambassador to Indonesia, Christiaan Tanghe, with 10 investors from Belgium, met Jakarta government representatives yesterday.
Tue, 23 Nov 2010
Govt to earmark Rp1.1 trillion to cover geothermal exploration risks
Jakarta (ANTARA News) - The government will earmark Rp1.162 trillion to cover the risks of a geothermal exploration project linked to a plan to construct power plants through a public-private partnership (PPP) scheme, an official said."The House of Representatives (DPR) has approved Rp1.
Tue, 23 Nov 2010
Downstream Palm Oil Industry Needs Incentives
TEMPO Interactive, Jakarta:The Coordinating Minister of the Economy, Hatta Rajasa, said that downstream palm oil industry needs incentives because of its high export value. “People are not motivated to build the downstream industry,” said Hatta yesterday.
Tue, 23 Nov 2010
Indonesia-China Breaks Record on Trade
VIVAnews - Total trade volume between China and Indonesia is targeted to reach US$40 billion by 2010.Chinese Ambassador to Indonesia, Zhang Qiyue, said the trade volume of both countries between January and October 2010 reached US$33.75 billion."It rises 53.
Tue, 23 Nov 2010
Reflections on topsy-turvy process of doing business
Of all the key factors hampering economic growth in Indonesia, one of the most commonly cited is the low-level of new domestic and foreign investment. Although there are many factors that contribute to investment, all firms are essentially facing difficulty obtaining business permits and licenses.
Tue, 23 Nov 2010
Indonesia Investment Grade in Sight, But More Work Still Needed
Jakarta. Indonesia must look beyond its sovereign debt achievements and attract foreign investment in the real economy if it wants to finally achieve an investment-grade rating next year.Although Indonesia is poised to win an upgrade to investment grade from Fitch Ratings, the agency is looking for...
Sun, 21 Nov 2010
Airlines Want Government to Limit Air Deregulation
TEMPO Interactive, Jakarta:Domestic airline operators are demanding that the government limit air liberalization, which will be in line with ASEAN Open Sky in 2015. The concern is that liberalization will have a negative impact on the national aviation industry.
Sun, 21 Nov 2010
Electronic good imports increase sharply
Jakarta (ANTARA News) - Indonesia`s imports of electronic goods in the January - October 2010 period sharply increased to US$3.2 billion compared with that in the same period in 2009 which stood at US$1.8 billion, a deputy minister said.
Sun, 21 Nov 2010
Indonesia govt hopes capital inflows to help country`s economy
Jakarta (ANTARA News) - Indonesia hopes the current foreign capital inflows could be used to help the country`s economy."The government welcomes the capital inflows to Indonesia and we will direct them to productive sectors to help grow the economy," Finance Minister Agus Martowardoyo...
Sun, 21 Nov 2010
Lippo Group exploring investment possibilities in Maluku
Ambon, Maluku (ANTARA News) - One of Indonesia`s conglomerates, Lippo Group, is exploring investment possibilities in various fields in Maluku, a provincial investment official said.The group`s vice president, James Riyadi, met Maluku Governor Karel Albert Ralahalu on Wednesday night to obtain...
Sun, 21 Nov 2010
Mt Merapi eruptions cause huge economic losses
Yogyakarta (ANTARA News) - The fatal eruptions of Mount Merapi have claimed several hundreds of lives and crippled the people`s economy in the volcanic disaster-hit areas.The Mount Merapi`s deadly eruptions that occurred on October 26 and November 5 were expected to have caused economic losses with...
Sun, 21 Nov 2010
Russian investment in RI projected to reach US$7 billion
Jakarta (ANTARA News) - Russian investment in Indonesia may increase to five to seven billion US dollars in the years to come, Russian ambassador to Indonesia Alexander Ivanov said here on Friday.He said Russia`s total investment in Indonesia was at present recorded at more than US$1 billion.
Fri, 19 Nov 2010
Assessing benefits of FDI to the nation
It is a stretch of the imagination to think that domestic capital offers more benefit to a nation compared to FDI (Foreign Direct Investment) or vice versa.This is a false dichotomy, dressed in rhetoric for political expedience. In and of itself, origin is less meaningful than impact.
Fri, 19 Nov 2010
Indonesian Shipping Law to Make Waves in New Enforcement
Hong Kong. Starting in January, all commercial vessels operating domestically in Indonesian waters will be required to fly the Indonesian flag under a 2005 law just coming into effect.Shipping industry executives say some 80 percent of the vessels servicing Indonesia’s offshore oil and gas...
Fri, 19 Nov 2010
Indonesia, Austria sign investment cooperation
Jakarta (ANTARA News) - Indonesia and Austria on Tuesday signed three investment cooperation agreements as a follow up to the results of a recent meeting between Indonesian Coordinating Minister for Economic Affairs Hatta Rajasa and Austrian Economic Minister Reinhold Mitterlehner.
Fri, 19 Nov 2010
Investors Invited to Invest In East Indonesia
Jakarta (ANTARA News) - Maritime Affairs and Fisheries Ministry opens wider opportunities for investors to invest in the fishery sector in East Indonesia."Indonesia is opening wider opportunities for investors to invest in maritime and fishery sector in East Indonesia," Maritime Affairs...
Tue, 16 Nov 2010
Govt to build new cargo port near Jakarta
Tokyo (ANTARA News) - The Indonesian government`s plan to build a new cargo port near Jakarta was discussed by visiting Vice President Boediono and Japan Bank for International Cooperation (JBIC) President Hirose Watanabe here on Monday.
Tue, 16 Nov 2010
Bali's exports to Japan worth US$69 million
Denpasar, Bali (ANTARA News) - While its trade with a number of countries were declining due to the global economic crisis, Bali was still able to increase its exports to Japan, amounting to US$69.7 million in the January-September 2010 period."Bali`s exports of US$69.7 million increased 16.
Mon, 15 Nov 2010
Rupiah Strengthening Affect Electronic Sales
TEMPO Interactive, Jakarta:The head of the Electronic Entrepreneurs Association, Ali Soebroto Oentaryo, said that in general, the strengthening of the rupiah, tend to disrupt electronic goods sales. It creates a dilemma for electronic dealers because consumer wants prices to drop, but the suppliers...
Mon, 15 Nov 2010
Indonesia Unprepared for Asia-Pacific Free Trade
TEMPO Interactive, Tokyo:Indonesia is still considering participating in the Asia-Pacific free trade agreement. “We think we are not ready yet because the agreement is very hard for the local industry,” Trade Minister Mari Elka Pangestu after attending the Asia-Pacific Economic Cooperation...
Mon, 15 Nov 2010
Doing Business in Indonesia 2011
Doing Business in Indonesia 2011 report available here: http://okusiassociates.com/public/idn.pdf
Mon, 15 Nov 2010
Economic nationalism and policy
Transmitting messages to the general public via the mass media is unquestionably one of most effective measures available to policy makers.It is even more pertinent for a country such as Indonesia, which has been a fully fledged democracy since the end of the previous century.