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Wed, 02 May 2007
VP: corruption in RI declining
Jakarta (ANTARA News) - Vice President Yusuf Kalla said with many state officials having been convicted for graft, the practice of corruption in the country was declining."But although corruption is declining, it remains something forbidden," he told around 180 students of the Cipete Al Ikhlas...
Wed, 02 May 2007
Number of foreign torists visiting Indonesia increasing
Jakarta (ANTARA News) - The number of foreign tourists who arrived in Indonesia through 15 entry ports in the first quarter of 2007 was recorded at over 1 million or up by 14.21 percent from a corresponding period last year when the figure was 877,000, the country`s chief statistician said.
Wed, 02 May 2007
No need to increase CPO export tax yet: trade minister
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said there was as yet no need to increase the export tax on crude palm oil (CPO) to countervail an increase in the domestic price of cooking oil.
Tue, 01 May 2007
UAE investor to develop resort area in Lombok Island
Jakarta (ANTARA News) - Dubai-based property development company EMAAR Properties LLC in cooperation with the Asset Management Company (PPA) would soon develop a tourist resort in Lombok island in West Nusatenggara (NTB) province, a report said.The project to develop the resort area which covered 1.
Tue, 01 May 2007
Indonesia posts $3.75 bln trade surplus
Jakarta (ANTARA News) - Indonesia's trade surplus rose 2.5 percent in March to 3.75 billion dollars as exports and imports bounced back, Central Bureau of Statistics head Rusman Heriawan said Tuesday.Exports in March reached 9.19 billion dollars, up from 8.
Tue, 01 May 2007
Manpower Minister: Outsourcing Contract Provision Put Labor at a Loss
I know of a number of Multi-nationals who have decided to keep manufacturing levels at the same level or reduce them in Indonesia because of the Manpower here. There are still concerns about quality at a global level as well as reservations about the overly protective manpower regulations.
Tue, 01 May 2007
Manpower Minister: Outsourcing Contract Provision Put Labor at a Loss
so as manufacturing companies flock to China, India and Vietnam the Manpower department finds another reason for companies to create jobs somewhere else
Tue, 01 May 2007
Newmont Considers New Investment
Newmont said it will proceed with plans to expand its gold and copper output in Indonesia following the decision of a court in North Sulawesi to acquit a subsidiary, PT Newmont Minahasa Raya (NMR) and its president director, Richard B Ness, of pollution and environmental damage.
Tue, 01 May 2007
Govt. Mulls Incentives for Biofuel Sal
The government is considering offering financial incentives to encourage gas stations to stock biofuel blends, says an official.Evita H. Legowo, an assistant to the energy and mineral resources minister, told The Jakarta Post on Monday (23/4/07) that the incentives, which could take the form of tax...
Tue, 01 May 2007
Jamsostek Gets ISO Certification
State-owned workers' insurance company PT Jamsostek has received ISO certification setting international standards for the company in providing services to its customers.The ISO 9001:2000 certification was presented by president of PT SGS Indonesia Robert James Rom Paris to Jamsostek president...
Tue, 01 May 2007
State Firms Encouraged to Invest
The government will encourage state-owned companies to increase investment in the country to spur the real sector’s growth, State Minister for State Enterprises Minister Sugiharto said on Wednesday (25/4/07).
Tue, 01 May 2007
Govt. Sets Aside 6.1m Hectares for Oil Palm
The government is reserving 6.1 million hectares of land for oil palm plantations to meet growing demand for crude palm oil, State Minister for State Enterprises Sugiharto said.He said land has been set aside in Kalimantan, Papua and other areas, and that the government hopes to boost the country's...
Tue, 01 May 2007
Q1 Growth Ahead of BI Prediction – BPS
Central Bureau of Statistics (BPS) chief Rusman Heriawan estimated that Indonesia`s economic growth in the first quarter of the year will surpass the central bank`s expectation of 5.4% but doubted it will exceed the Finance Department`s projection of 5.7% to 5.9%.
Tue, 01 May 2007
Govt. Sets Ambitious Targets in Long-Term Plan
The government officially unveiled its long-term development plan on Monday (23/4/07), which envisages the current high poverty rate falling to 5% and per capita income soaring to up to $9,000 by 2025.The economic blueprint set out in the newly endorsed Law No 17/2007 on the 2005-2025 National...
Tue, 01 May 2007
BSP plans to expand oil-palm plantations
Publicly listed PT Bakrie Sumatera Plantations (BSP) plans to expand its oil-palm and rubber plantations to about 83,000 hectares this year by acquiring more land for new plantations, and purchasing existing plantations.
Tue, 01 May 2007
Domestic travel industry shows signs of recovery
Though the Indonesian transport industry has yet to make a full recovery from the crash of September 2005, it is on an upward trend.It is poised to win back much of the ground lost as a consequence of the fuel price hikes that year.
Tue, 01 May 2007
Korean firms in Pertamina deal
State-run Korea National Oil Corporation (KNOC) and SK Corp. are to sign a memorandum of understanding (MoU) Tuesday on oil and gas exploration and production with Indonesia's national oil and gas firm, Pertamina.
Tue, 01 May 2007
Manpower Minister: Outsourcing Contract Provision Put Labor at a Loss
TEMPO Interactive, Jakarta: Minister of Manpower and Transmigration, Erman Soeparno, said that the provision about outsourcing (sub-contract) workers in the Manpower Decree No. 13/2003 must be reviewed because it causes workers and laborers to suffer losses.
Tue, 01 May 2007
Bellezza blaze raises fire safety questions
Adisti Sukma Sawitri and Anissa S. Febrina, The Jakarta Post, JakartaThe fire has been put out, leaving behind smoke and water damage in a basement level of an upscale mixed-use building in South Jakarta, but the finger-pointing has only begun.
Tue, 01 May 2007
Distances between Hypermarkets and Traditional Markets to be Regulated
they aren't really planning regulations. they are more attempted to nobble mals and supermarkets because pasar tradisional can no longer compete. why can they no longer compete? because jakarta consumers now want to buy their goods in places that are clean, secure, and pleasant to be in.
Tue, 01 May 2007
Government to limis foreign capital in telecom sub-sectors
Originally Posted By: chewwyUKHappy to Take Foreign money to build their country ... not so happy to let foreign companies trade on an equal playing field. indeed. this is the other side of the alledgedly liberal new investment law: a tightening of the "negative list" for foreign investment.
Tue, 01 May 2007
RI, South Korea sign billion-dollar rail deal
when i read this, i only had one question: where was the tender process?
Tue, 01 May 2007
Distances between Hypermarkets and Traditional Markets to be Regulated
"He explained that under the current Jakarta regulations, these matters were already regulated."Jakarta has planning regulations???? Well this is news to me .. I thought people just banged up shopping malls anywhere they wanted to with little thought to the local area or the increase of traffi
Tue, 01 May 2007
RI, South Korea sign billion-dollar rail deal
Dam those Koreans must really need Coal !
Tue, 01 May 2007
Government to limis foreign capital in telecom sub-sectors
Happy to Take Foreign money to build their country ... not so happy to let foreign companies trade on an equal playing field. How is the quality of the services the people of Indonesia ever going to improve with these sorts of laws being introduced? Foreign companies coming in to other countries...
Tue, 01 May 2007
Economy well on track, says finance minister
JAKARTA (JP):With encouraging increases in consumption, exports and investment during the first three months of this year, the Indonesian economy is well on track for higher growth, Finance Minister SriMulyani says.
Tue, 01 May 2007
Japan allocates $15.7 million for Jakarta MRT
JAKARTA (Antara): The Japanese government reiterated that it would lend Indonesi US$15.7 million to develop Jakarta Mass Rapid Transit System (MRT) in order to reduce traffic congestion and improve Indonesian investment climate through infrastructure development, a Japanese official said.
Tue, 01 May 2007
Distances between Hypermarkets and Traditional Markets to be Regulated
TEMPO Interactive, Jakarta: The government has confirmed that it will strictly regulate the minimum distance between hypermarkets and traditional markets.Ardiansyah, Director General of Domestic Trade at the Trade Department, emphasized that the regulation will be included in the President...
Tue, 01 May 2007
Financial Management 2008 Investor-Friendly
TEMPO Interactive, Jakarta: The government will create friendlier state financial management for investors by next year.In its 2008 financial notes, the government will include fiscal risks including contingent liabilities, especially for guaranteeing infrastructure projects.
Tue, 01 May 2007
Restriction on CPO Exports Continues to be Discussed
TEMPO Interactive, Jakarta: The discussions on limiting the export of crude palm oil (CPO) products, aimed at supporting downstream industries, is already at the ministerial level.“The discussions at the level of director general have ended.
Tue, 01 May 2007
New Method of Money Transfers Must Be Developed
TEMPO Interactive, Jakarta: The government, as well as banks and telecommunication services companies must develop a money transfer service that does not require a bank account.With a new service like this, money circulation would be faster and this would speed up economic growth.
Tue, 01 May 2007
RI cannot avoid being flooded by Chinese goods
Beijing (ANTARA News) - Indonesia cannot avoid being flooded by goods from China because international trade has adopted a free system, Deputy Chief of Mission of the Indonesian Embassy Mohammad Oemar said here on Monday.
Tue, 01 May 2007
Gaikindo fears moratorium on new car production to cause disinvestment
Jakarta (ANTARA News) - If the government really implements a minister`s plan to impose a moratorium on production of new cars, many companies, especially in the automotive sector, will disinvest, an industry spokesman said.
Tue, 01 May 2007
N Sumatra earns $389 million from CPO exports
Medan (ANTARA News) - North Sumatra province in the first quarter of 2007 earned US$389.546 million from exporting crude palm oil and by-products compared with US$307.387 million in the same period a year earlier.
Tue, 01 May 2007
Government to limis foreign capital in telecom sub-sectors
Jakarta (ANTARA News) - The government will limit foreign investment in premium call, premium SMS (Short Message Service) and courier services because these businesses are to be reserved for domestic small-and medium-scale enterprises (MSEs), a spokesman said.
Tue, 01 May 2007
RI, South Korea sign billion-dollar rail deal
Jakarta (ANTARA News) - Two South Korean companies signed an agreement with an Indonesian state firm Monday to build a railway line in Borneo in a deal worth one billion dollars, a report here said.South Korea's POSCO and Canatect Ltd signed a memorandum of understanding with PT Kereta Api...
Mon, 30 Apr 2007
Condo market heading for another boom
Originally Posted By: chewwyUKThey may be selling but how many are being lived in? this is the big questions. i would guess, not many. just take a look at any apartment block at night, and see how many lights are on. you'd be lucky to see 25%.
Mon, 30 Apr 2007
Condo market heading for another boom
Interesting figures but it still seems to me that the same small % of Indonesians are buying up big in the apartment market. They may be selling but how many are being lived in?
Mon, 30 Apr 2007
BI asks foreign banks to up corporate lending
Following Vice President Jusuf Kalla's latest criticism of the reluctance of local banks to provide more lending to the real sector, the central bank has pitched into the act, urging foreign lenders operating in the country to increase their corporate lending.
Mon, 30 Apr 2007
Govt says fine-tuning incentives for special economic zones
After missing the March deadline for submitting a draft law on special economic zones (SEZs), the government says it is still working out details on issues such as incentives and facilities."There is no problem actually, we are just trying to synchronize and harmonize the draft with existing laws...
Mon, 30 Apr 2007
Condo market heading for another boom
The residential property market, particularly condominiums and apartments, has displayed remarkable growth both in supply and demand as upbeat developers have started to take advantage of the downward trend in lending rates.
Mon, 30 Apr 2007
KL's Zelan bidding for second $571m power project in RI
KUALA LUMPUR (AP): Malaysia's Zelan Holdings is bidding for another 2 billion ringgit (US$571 million, euro476 million) power plant project in Indonesia as well as one in Botswana in southernAfrica, a report said Sunday.In February, a Zelan-led consortium won a 2.
Sun, 29 Apr 2007
Foreign tourist arrivals in first quarter 2007 up 12 pct
Jakarta (ANTARA News) - The number of foreign tourist arrivals in Indonesia during the first quarter in 2007 reached 989,492 or up by 12.65 percent compared to that in the same period last year, an official said.
Sun, 29 Apr 2007
Malaysian investor wants to invest in CPO production in S Sumatra
Palembang, S Sumatra (ANTARA News) - HDZ Biodiesel Corporation Sdn Bhd of Malaysia wished to invest US$50 million to US$60 million in oil palm plantations in South Sumatra, a Malaysian official said.The wish was conveyed in a meeting between Malaysian Ambassador to Indonesia Dato Zainal Abidin Zain...
Sat, 28 Apr 2007
RI`s textile exports grow 17.5 %
And that is not raw material production - don't forget the viscose fibre produced - around 1000 tonnes a day that I can account for , at the expense of the environment and the health of the local people though .
Fri, 27 Apr 2007
RI`s textile exports grow 17.5 %
Surabaya, East Java (ANTARA News) - Indonesia`s textile and garment exports in the first quarter of 2007 rose 17.5 percent from the same period in 2006 apparently due to restrictions the US imposed on import of similar goods from China, an industry spokesman said.
Fri, 27 Apr 2007
Korean visitors to focus on oil and gas talks
Talks on possible cooperation in the oil, gas and other energy sectors will provide the main focus for a South Korean trade delegation that will visit Indonesia next week.South Korean ambassador to Indonesia Lee Sun-Jin said Thursday in Jakarta that between 70 and 90 of the 190 delegates taking...
Fri, 27 Apr 2007
Foreign Shares in Telecommunications Dilemmatic
TEMPO Interactive, Jakarta: The Indonesian Telecommunications Regulation Agency (BRTI) has said it considers that foreign share ownership in the national telecommunications industry is very dilemmatic.Heru Sutadi, a BRTI member, said that the entry of foreign investment was necessary because the...
Fri, 27 Apr 2007
IMF Optimistic Indonesian Economy Will Improve
TEMPO Interactive, Jakarta: Stephen Schwartz, Senior Representative in Indonesia of the International Monetary Fund (IMF), is confident that economic growth this year will reach six percent.Schwartz said he was satisfied with the performance of the Indonesia economic team.
Fri, 27 Apr 2007
JSX breaks 2,000 level boosted by gains in regional markets
JAKARTA (AP): Indonesian shares hit a new record high, breaking an important 2,000 level Thursday, boosted by gains across Asian markets following Wall Street's rally overnight.The Jakarta Stock Exchange Composite index closed 29.362 points or 1.5 percent up to 2,016.