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Tue, 12 May 2009
Faber Castell to increase investment in Indonesia
Indonesian politicians will never have an excuse not to have something to write with.
Tue, 12 May 2009
Government Projects a Boon for Contractors
The government’s big infrastructure-spending plans for this year have resulted in two major contractors digging up increased growth in the first quarter, the firms said on Monday.The first three months saw the country's largest state-owned contractor, PT Wijaya Karya (WIKA), clinch contracts...
Tue, 12 May 2009
Volkswagen To Build a Plant in Indonesia
TEMPO Interactive, Jakarta:German car producer, Volkswagen AG, will build an assembly plant in Indonesia, which will be the basis for market development in Southeast Asia. Volkswagen Passenger Car Council member, Christian Klingler, said the world market tendency showed the importance of...
Tue, 12 May 2009
Faber Castell to increase investment in Indonesia
Jakarta (ANTARA News) - German pencil maker Faber Castell will continue to increase its investment in Indonesia through product diversification.Faber Castell International Indonesia Managing Director Yandramin Halim said Faber Castell had invested tens of millions of US dollars in stages in the...
Mon, 11 May 2009
Airport Train Project to be Taken Over by Government
TEMPO Interactive, Jakarta:Transportation Minister Jusman Syafii Djamal said the Soekarno-Hatta Airport railway construction project will be taken over by the government if the second tender is unsuccessful. So far, he said, only one company has submitted the tender document.
Mon, 11 May 2009
Indonesia takes the lead
THOSE accustomed to regarding Indonesia as a country lagging far behind Malaysia on almost every score should think again. Recent developments, particularly in this country, suggest in two major areas – economic and political – Indonesia is way ahead of Malaysia.
Mon, 11 May 2009
Indonesia still rich in oil, gas reserves
Jakarta (ANTARA News) - Indonesia is still rich in oil and gas reserves so that it remains an attractive place for investment in the oil and gas sector, a company executive said."The oil industry prospect in Indonesia is still very good because it sits on huge oil and gas reserves which have...
Mon, 11 May 2009
Drug Sector Seeks Asean Partners for Production
The domestic pharmaceutical industry is planning to establish foreign-owned factories here to produce raw materials for medication, by cooperating with drug makers from member countries of the Association of Southeast Nations (Asean).
Sat, 09 May 2009
Indonesia biodiesel firms await subsidy, fair prices
JAKARTA (Reuters) - Indonesia's palm-based biodiesel firms, which have mostly stopped operations, are awaiting a fair price formula and government subsidies to survive as they feel the pinch of surging palm oil prices, an industry official said.
Sat, 09 May 2009
Indonesia still rich in oil, gas reserves
Jakarta (ANTARA News) - Indonesia is still rich in oil and gas reserves so that it remains an attractive place for investment in the oil and gas sector, a company executive said."The oil industry prospect in Indonesia is still very good because it sits on huge oil and gas reserves which have...
Fri, 08 May 2009
Arcelor Mittal $8 billion Indonesian deal goes sour
We rarely write about Indonesia in the Eye on Asia blog, and when we do, it’s usually prompted by bad news. Well, today’s posting will continue in that tradition I’m afraid, because there have been two unfortunate developments so far this week: the arrest of the country’s head of...
Fri, 08 May 2009
Foreign investors willing to test Indonesian climate
Waiting for new foreign investment announcements in Indonesia is like waiting for a London bus. Nothing comes for ages and then a flood arrives.This week France’s Eramet and Mitsubishi of Japan announced a $4.6bn nickel project in Indonesia with Antam, a local company.
Fri, 08 May 2009
Indonesia Expects $16.6B Investment in Oil, Gas
Asia Pulse Pte LtdIndonesian President Susilo Bambang Yudhohono said the government has set itself the target of attracting US$16.6 billion in investment in the oil and gas sector this year."Investment in Indonesia is still attractive to business players.
Fri, 08 May 2009
Bolstering oil investment
The 12 new oil and natural gas mining contracts awarded by the Indonesian government on Tuesday should be confidence-building deals for the country’s hydrocarbon industry at a time when the global credit crunch and sharp economic downturn have forced many oil firms to defer investment.
Fri, 08 May 2009
Rise of New Plant Strains Stunted by Law, Industry Says
The Indonesian Seed Producers Association, or Asbenindo, wants the government to amend the law on the commercial distribution of seeds of newly developed horticultural varieties, arguing that its onerous requirements hamper innovation.
Thu, 07 May 2009
President: oil, gas sector still promising
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono, said in Jakarta Monday the oil and gas sector in Indonesia is still very prospective even against the background of a global crisis."The sector contributes 21 pct of Indonesia`s exports, and 32 pct of the government`s total...
Thu, 07 May 2009
Inco: construction of nickel plant in Pomalaa not feasible
Makassar (ANTARA News) - PT International Nickel Indonesia (PT Inco) Tbk said the construction of a nickel processing plant in Pomalaa, Southeast Sulawesi had been declared economically unfeasible.Under our commitment to the government, the report to that effect had been submitted to the government...
Thu, 07 May 2009
Volkswagen to Open Indonesia Plant
Volkswagen AG plans to open a new assembly plant in Indonesia with an initial investment of 35 million euros, or about $47 million, a sign that the Southeast Asian nation's still-robust consumer spending is keeping it attractive to foreign companies.
Thu, 07 May 2009
Two More Palm Oil Firms Get Green OK
Another two local oil palm plantation companies - PT London Sumatra Plantation and PT Hindoli - have secured environmental certification from the Roundtable on Sustainable Palm Oil.This means three of the 10 major palm oil producers in the country have now received the RSPO stamp of approval.
Thu, 07 May 2009
Maluku Tipped for $4.6b Ore Investment
Weda Bay Minerals, a consortium of Japanese and French companies, and state nickel and gold miner PT Aneka Tambang (Antam) are expected to invest $4.6 billion to develop a nickel mine in Weda Bay in Halmahera Island, North Maluku.
Thu, 07 May 2009
Tranzeo and TRG will deliver WiMAX Subscriber Units to Indonesian carriers
PITT MEADOWS, BRITISH COLUMBIA and JAKARTA, INDONESIA--(Marketwire - May 6, 2009) - Tranzeo Wireless Technologies Inc. (TSX:TZT), a premier manufacturer of wireless broadband and WiMAX communication systems and PT.
Wed, 06 May 2009
Global economic crisis and Indonesia
Iyanatul Islam and Anis Chowdhury, Geneva, New York The financial crisis that first emerged in the US in August 2007 has transformed into a global economic and job crisis. The latest projections from multilateral agencies suggest that the world economy will contract in 2009 for the first time since...
Wed, 06 May 2009
Firefly flies Kuala Lumpur-Batam
Firefly, a subsidiary of Malaysian Airlines, has made a maiden flight between Subang Airport in Kuala Lumpur and Hang Nadim Airport in Batam, opening up a new low-cost airline route between the Malaysian cities and the popular Batam tourism magnet.
Wed, 06 May 2009
AirAsia launches Bali-Perth route
Air Asia launched Tuesday its new international route from Bali to Perth, Australia – the airline’s fifth international destination from Bali after Kuala Lumpur, Johor Baru, Bangkok and Singapore."Bali is the driving force behind Indonesia's tourist economy and this service is to support...
Wed, 06 May 2009
Indonesian Unit of AirAsia Expands Fleet Despite Bearish Global Economy
PT Indonesia AirAsia, the local unit of Kuala Lumpur-based AirAsia, Asia’s largest low-cost carrier, is set to acquire aircraft worth $715 million under lease financing arrangements, adding to its fleet of 29 aircraft currently operating in Indonesia.
Wed, 06 May 2009
President Pushes for More Oil and Gas Investment
Indonesia is hoping to attract $16.6 billion in oil and gas sector investment in 2009, a 28.6 percent increase from last year’s $12.9 billion, as the country seeks to boost production to meet demand, President Susilo Bambang Yudhoyono told an oil and gas conference on Tuesday.
Wed, 06 May 2009
Indonesia becoming more attractive to investors
Jakarta (ANTARA News) - Indonesian is getting more attractive to foreign investors following the improvement in economic conditions, supported by a conducive social and political situation, an economic think tank said."There are a lot of positive issues about our economy.
Wed, 06 May 2009
Promotion of domestic products not protectionism : VP
Jakarta (ANTARA News) - The government`s effort to encourage the people to use domestic products does amount to protectionism, Vice President Jusuf Kalla said here on Tuesday."Rather it is something that has to do with improving the competitive power of Indonesian products," the vice...
Tue, 05 May 2009
Investor confidence high in Indonesia * Print * Email Updated May 5, 2009 11:21:11 So far, Indonesia has
So far, Indonesia has weathered the global economic down turn better than many nations in Asia. The government is projecting GDP to grow by 4 and a half percent this year, more than most of its ASEAN partners.
Tue, 05 May 2009
Govt plans to sell inhabited islands to foreign countries
Indonesia is mulling some plans to “put up for sale” its inhibited small islands as shelters for environmental refugees thanks to the climate change which was likely to disappear some of Small Island States.
Tue, 05 May 2009
ArcelorMittal Delays Plan to Invest in Indonesia
Economy, Politics Halt Steel Firm's Bid to Secure Iron OreArcelorMittal is suspending a potential $8 billion investment in Indonesian steelmaking facilities, amid the economic downturn and after more than a year of deadlocked negotiations.
Tue, 05 May 2009
More foreign tourists arriving in Manado ahead of WOC
Monday (ANTARA News) - The number of foreign tourists arriving in Manado last March grew by 33.49 percent compared to the same month in 2008 -- a fact attributed to the upcoming World Ocean Conference (WOC) and Coral Triangle Initiative (CTI) Summit.
Tue, 05 May 2009
Website at the heart of graft scandal shut down
Graft Trial Resumes for Justice Ministry CaseTEMPO Interactive, Jakarta: Trials of a corruption case at the Justice and Human Rights Ministry resumed on Monday as South Jakarta Court brought in another former officials Romli Atmasasmita.
Mon, 04 May 2009
Sampoerna To Invest $8 Million On Sago
PT Sampoerna Strategic, owned by conglomerate PT Putera Sampoerna, plans to invest $8 million to develop sago palm plantations spanning 20,000 hectares and build a sago mill in Selat Panjang, Riau, an official from the Forestry Ministry said on Sunday.
Mon, 04 May 2009
BKPM Downgrades Forecast For 2009 Investment Growth
BKPM Downgrades Forecast For 2009 Investment Growthby Dion Bisara & Muhamad Al AzhariNusa Dua, Bali. The National Coordinating Investment Board slashed its growth forecast for both foreign and local direct investment this year to 9 percent, down from 10.7 to 11.
Sun, 03 May 2009
Investment to drop to nine percent: BKPM
Realized investment into Indonesia will drop to 9 percent this year, from the previous estimate of between 10.7 percent and 11.2 percent on the back of global economic slow down, the Investment Coordinating Board (BKPM) says.BKPM head M.
Sun, 03 May 2009
RI economy to pick up Q2 next year: ADB
Aditya Suharmoko, The Jakarta Post, Jakarta Indonesia's economy is estimated to pick up in the second quarter next year as exports start to move up after diminishing this year, according to the Asian Development Bank (ADB)."Export demand will be a major driver (for the economic pickup).
Sun, 03 May 2009
Manufacturing sector contracts, again
The manufacturing industry contracted in the first quarter of 2009 as firms cut output amid slower economic growth.Output of the manufacturing industry - which absorbs the second most jobs after agriculture - declined in the first three-month period of 2009 by 1.
Sun, 03 May 2009
Govt prepares incentives for investors in fuel refineries
The Energy and Mineral Resources Ministry is preparing a series of incentives to lure investors into fuel refinery construction, including scrapping import tariffs for equipment, an official says.Director general for oil and gas at the ministry, Evita H.
Sun, 03 May 2009
Seizing property opportunities in the crisis
Djodi Trisusanto, Consultant A survey done by Jones Lang LaSalle in 2008 infers that Jakarta is the least attractive city in the Asia Pacific region, with average annual rentals per square meters of about US$100, compared to US$1400 in Singapore.
Sun, 03 May 2009
Pertamina targets 88 pct investment growth
Nusa Dua (ANTARA News) - Indonesia`s state-owned oil company Pertamina is targeting 88 percent in investment growth until 2012 which is equal to Rp41.2 trillion."Sixty-six percent is expected to be put in the upstream sector while 33 in the downstream and two percent in other sectors.
Sun, 03 May 2009
Rise in Exports Ends Seven Months of Drops
The nation’s exports increased in March on a monthly basis after falling for seven consecutive months, as a decrease in manufacturing shipments was offset by an uptick in commodities.The Central Statistics Agency (BPS), in a press briefing on Friday, said the country’s total exports rose 20.
Sun, 03 May 2009
April Investment Recorded at US$ 1.57 Billion
TEMPO Interactive, Jakarta: Investments in Indonesia recorded at US$ 1.57 billion (Rp 14.11 trillion) during April 2009. Around US$ 1.4 billion (Rp 12.6 trillion) of the amount were foreign investments and US 170 million (Rp 1.51 trillion) was from local investors.
Sat, 02 May 2009
Cepu Oil Flow Still Slowed by Land Issues
Indonesia’s largest oil deposit, Cepu block, will continue to fall short of the government’s initial output target until August, after an initial delay until June, as difficulties acquiring land continue to freeze the construction of key infrastructure, the Energy Ministry said on Friday.
Sat, 02 May 2009
Rise in Exports Ends Seven Months of Drops
The nation’s exports increased in March on a monthly basis after falling for seven consecutive months, as a decrease in manufacturing shipments was offset by an uptick in commodities.The Central Statistics Agency (BPS), in a press briefing on Friday, said the country’s total exports rose 20.
Fri, 01 May 2009
Foreign companies treated as locals in merger, acquisitions
Foreign companies would be given the same treatment as local companies when registering their pre-notification of merger and/or acquisition plan with the Commission for the Supervision of Business Competition, an official said Thursday.
Fri, 01 May 2009
Commission launches guideline for franchise practices
The Commission for the Supervision of Business Competition launched Thursday a guideline on franchise practices as stipulated in the law on monopoly.Implementation of article 50 of Law No. 5/1999 on monopoly, which regulates the exception of franchise agreement from the law, is further explained in...
Fri, 01 May 2009
City property bearish, set to rise despite crisis
Andra Wisnu, THE JAKARTA POST, JAKARTA Despite an overall decline in Jakarta’s property market since the global financial crisis hit, property analysts are confident the real estate sector will continue to grow.
Wed, 29 Apr 2009
IT Giant Expands To Jakarta
Undeterred by bearish global economic conditions, Ohio-based Teradata, a giant information and technology firm specializing in data warehousing, is set to open an office in Indonesia today because of promising prospects in the local market.