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Fri, 27 Apr 2007
Bali`s canned fish exports increase 266 percent
Denpasar, Bali (ANTARA News) - Bali`s canned fish exports in the first quarter of this year increased 266.5 percent, the province`s trade and industry office said on Thursday.In the January-March period 2007, Bali exported 1,864 tons of canned fish worth US$2.
Thu, 26 Apr 2007
Rp 300 billion sugar refinery to be built in West Sumatra
Syofiardi Bachyul Jb, The Jakarta Post, Padang, West SumatraPT Semesta Berjaya is set to build a sugar refinery in the Padang Industrial Park, Padang Pariaman regency, West Sumatra, at a cost of some Rp 300 billion (about US$33.3 million).
Thu, 26 Apr 2007
BCA expects 50 percent increase in house loans
Publicly listed Bank Central Asia (BCA) plans to boost its housing loans by 50 percent to about Rp 6.45 trillion (some US$715 million) this year from Rp 4.3 trillion last year to cash in on the revival in the country's property market.
Thu, 26 Apr 2007
CD Prima planning to bid for Dipasena
The world's biggest shrimp producer, PT Central Proteinaprima (CP Prima), announced Wednesday that it planned to bid for another acquaculture firm, PT Dipasena Citra Darmaja, in a move that would further expand its shrimp farming business.
Thu, 26 Apr 2007
Hotel Sahid to build new hotel, offices and apartments
Publicly listed star-rated hotel chain PT Hotel Sahid Jaya International Tbk. is set to expand its business by building a new hotel, and office and apartment buildings in Jakarta at a total cost of Rp 1.82 trillion (US$200 million) next year.
Thu, 26 Apr 2007
Seven gas contracts worth $3.1 billion signed
JAKARTA (Antara): The Indonesian Implementing Body of Oil and Gas (BP Migas) signed Wednesday seven gas contracts with a total volume of 738.52 trillion British thermal units worth US$3.1billion.The gas would be used to supply power plant, fertilizer firms, oil refinery and other industries.
Thu, 26 Apr 2007
Newmont considers expanding operations in RI after acquittal
MANADO, North Sulawesi (AP): Newmont Mining Corp. said Wednesday it was considering expanding its investment in Indonesia following the acquittal of a U.S. executive accused of dumping dangerous levels of toxins into a bay on Sulawesi island, sickening villagers.
Thu, 26 Apr 2007
First-quarter investment inflows in W Java reaches Rp5 trillion
Bandung, W Java (ANTARA News) - Investment inflows to West Java province in the first quarter of 2007 reached an estimated Rp5 trillion, an official said."Most of the investment went to the manufacturing sector," Head of the West Java Regional Investment Coordinating Board (BPMD) Ishak Suratman...
Thu, 26 Apr 2007
Japan agrees to let in Indonesian fruits
quality control is a big problem at the best of times in indonesia. doesn't matter so much in areas such as reproduction wood furniture, where imperfections can be put down to "art". consistency is another huge problem.for the japanese, quality and consistency are extremely important.
Thu, 26 Apr 2007
Japan agrees to let in Indonesian fruits
Interesting to see if Indonesian fruit can have any impact in Japan. The one thing the Japanese value over everything is QUALITY. You may be paying $10 for a peach in Japan but I can guarantee you its the biggest, juiciest, sweetest peach you ever tasted!
Thu, 26 Apr 2007
Japan agrees to let in Indonesian fruits
Tokyo, Japan (ANTARA News) - The Japanese government has finally agreed to allow Indonesian fruits, mangoes in particular, to enter Japan and also to help Indonesia fight fruit flies in order for its fruits to meet Japan`s quality standards, an Indonesian official said.
Thu, 26 Apr 2007
Exporters deserve to be called "heroes of development": minister
Surabaya, E Java (ANTARA News) - Trade Minister Mari Elka Pangestu said exporters deserved to get awards as "heroes of development" for their role in activating the national economy, creating job opportunities and supporting the government`s programs to eradicate poverty.
Thu, 26 Apr 2007
S Korean investor ready to develop biofuel industry in NTT
Kupang, NTT (ANTARA News) - A South Korean investor based in Joellanam-Do province is ready to invest US$100 million in biodiesel oil and biofuel production projects in different parts of Indonesia, including East Nusatenggara (NTT), a prvincial official said.
Thu, 26 Apr 2007
RI 'lags behind' in ASEAN trade
Despite its remarkable export growth last year, Indonesia, unlike other ASEAN countries, has failed to cash in on increasing trade opportunities in emerging markets, a business analyst says."Indonesia has not been able to catch up with its regional neighbors in benefiting from the rapidly unfolding...
Wed, 25 Apr 2007
Carbon credits: Incentives for biofuel development
A local Energy company through their geothermal subsidiary estimate about US$ 6 million per year on carbon credit, got to be worth it.
Wed, 25 Apr 2007
Carbon credits: Incentives for biofuel development
The forthcoming implementation of the carbon credit system under the Kyoto Protocol will support the development of the biofuel industry going forward.Starting next year, many countries are expected to reduce their emission levels below the quotas that have been set individually for each country.
Wed, 25 Apr 2007
Market Traders to Summon Trade Minister
TEMPO Interactive, Jakarta: The Association of Indonesian Market Traders (APPSI) threatened to summon Trade Minister Mari Elka Pangestu in the near future. Minister Mari is considered as not running the President’s mandate as she did not protest the Zone Planning Decree which allows modern and...
Wed, 25 Apr 2007
Indonesia to import wood to revive collapsed industries
Banjarmasin, S Kalimantan (ANTARA News) - Indonesia plans to import wood to save wood-based industries in various regions in the country that had collapsed because of a shortage of raw materials.Forestry minister`s expert staff Made Subadya said at a forestry development coordination meeting here...
Wed, 25 Apr 2007
PT Newmont Minahasa Raya acquitted of pollution charges
"A big blow to those lying kooks at Walhi. Their international credibility took a HUGE hit on this one. "They were only the conduit, acting on orders from higher above...looks like somebody from Istana made THAT phone call on this one...
Wed, 25 Apr 2007
PT Newmont Minahasa Raya acquitted of pollution charges
A big blow to those lying kooks at Walhi. Their international credibility took a HUGE hit on this one. Alas, the appeals process. This is not over.
Tue, 24 Apr 2007
PT Newmont Minahasa Raya acquitted of pollution charges
Manado, North Sulawesi (ANTARA News) - The Manado district court on Tuesday declared US-based gold-mining company PT Newmont Minahasa Raya (NMR) and its president director, Richard B Ness, innocent of the charge they had polluted and damaged the environment in Buyat Bay in South Minahasa district,...
Tue, 24 Apr 2007
Everybody can win by developing property sector
Driven more by financial necessity rather than by personal choice, almost two out of three Indonesians live in homes with more than 5 residents in the house.Only one in three people live in the more universally accepted 3 or 4-member household.
Tue, 24 Apr 2007
Govt mulls incentives for biofuel sales
The government is considering offering financial incentives so as 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 that the incentives, which could take the form of tax...
Tue, 24 Apr 2007
Restrict investment, say legislators
A number of legislators are insisting that certain sectors of the economy remain closed to foreign investment despite the fact that the newly enacted 2007 Investment Law guarantees equal treatment for both local and overseas investors."Equal treatment is not the same as equal opportunity.
Tue, 24 Apr 2007
Investment climate in oil, gas sector still unfavorable: IPA
Jakarta (ANTARA News) - The investment climate in the oil and gas sector in Indonesia is stil unfavorable because a number of problems have remained unsolved, an Indonesian Patroleum Association (IPA) official said.
Mon, 23 Apr 2007
Hypermarkets Allowed in City Centers
TEMPO Interactive, Jakarta: The Zoning Decree that Parliament passed on March 26 regulates the zoning of modern market.As for more-detailed arrangements, they will be included in the regional zoning made by regional governments.
Mon, 23 Apr 2007
Hatta Delivers Ultimatum Regarding Airport Rail Link Project
TEMPO Interactive, Jakarta: Transportation Minister Hatta Radjasa has threatened to take over the airport rail link in Jakarta if no progress were not made by the end of 2007.“We cannot wait. It is urgent,” he said on Friday (04/20) at his office, Jakarta.
Mon, 23 Apr 2007
Telkom to Use PGN Optical Fiber Capacity
State gas distributor PT Perusahaan Gas Negara (PGN) said it has signed an agreement with PT Telkom allowing the state telecommunications company to utilize spare capacity on PGN's optical fiber network, XFN-Asia reported on Tuesday (17/4/07).
Mon, 23 Apr 2007
ASEAN Tourism Investment Forum for Bali
Indonesia is scheduled to host the ASEAN Tourism Investment Forum (ATIF) in Bali on September 20, the Tourism and Culture Department’s Director General for Tourist Destination Development Sambudjo Parikesit said on Tuesday (17/4/07).
Mon, 23 Apr 2007
Govt. Licenses $1.1b of Proposals in Bali
The government licensed Rp10.5 trillion ($1.1 billion) worth of investment proposals in Bali last year, confirming investors' high interest in doing business in the island.The investment proposals consisted of domestic investment worth Rp8.
Mon, 23 Apr 2007
$562m Investment Eyed for Electronics
The government hopes to see new investment of $562 million in the country's electronics and information technology sector this year, Antara reported on Wednesday (18/4/07).The additional investment will be needed to keep pace with an estimated 10% annual increase in the domestic consumption of...
Mon, 23 Apr 2007
No Stricter Foreign Stake Limit Proposals: BKPM
The government has not received any formal proposals to tighten foreign ownership limits of companies in certain sectors, an official said Wednesday (18/4/07)."There's no decision on it, and we are still far away from a decision," National Investment Coordinating Board (BKPM) chairman Muhammad...
Mon, 23 Apr 2007
Finance Ministry Targets Tax Fraud
Indonesian Finance Minister Sri Mulyani Indrawati has pledged to continue a fight against tax fraud in the world's most populous Muslim country.In an interview with The Wall Street Journal, Indrawati said getting more Indonesians to pay tax was a key step to reducing Indonesia's traditional...
Mon, 23 Apr 2007
Modern markets no threat: Survey
slightly off topic here but does anybody know the latest with carrefour in Bali? They have built the mothership of all supermarkets but havent opened the doors. My guy thinks it is something to do with the policy of having to employ 20% of staff from local community.
Mon, 23 Apr 2007
Most banks report higher lending in first quarter
Indonesia's banking sector has shown signs of healthy growth with continued increases in lending during the first quarter of this year after a sluggish performance in 2006, the latest survey from the central bank shows.
Mon, 23 Apr 2007
Aceh safe and ready to host foreign and local investors
Famous for their resilience, with only two years having passed since the tragic Aceh tsunami, the people of Aceh are already anxious to move forward and make Aceh the next destination for local and foreign investment.
Mon, 23 Apr 2007
Modern markets no threat: Survey
Modern retail outlets in the country such as hypermarkets and minimarkets do not pose any threat to wet markets and traditional grocery stores despite their massive expansion during the past two years, a survey shows.
Sat, 21 Apr 2007
Investors want clarification on laws
Both local and foreign investors are seeking clarification from the government on its commitment to providing a more conducive investment climate amid growing demands for the expansion of the business sectors that are closed to foreign investors.
Sat, 21 Apr 2007
Indonesia's banks pushed to lend
JAKARTA - After heavy government lobbying, Indonesia's central bank (BI) has agreed to roll back lending restrictions imposed on the banking sector in the wake of the 1997-98 Asian financial crisis and promote new bank lending targets for small and medium-sized enterprises (SMEs).
Sat, 21 Apr 2007
Investment set to kick in to drive economic growth
With the enactment of the new Investment Law, the central bank says it expects that Indonesia will be able to attract more foreign direct investment (FDI) -- rather than just portfolio investments -- so as to produce higher and more sustainable growth this year.
Sat, 21 Apr 2007
Newmont executive: Investors closely watching Indonesian pollution trial
JAKARTA (AP): An American gold mining executive said Friday investors were closely watching to see if he would be found guilty of dumping dangerous levels of mercury and arsenic-laced waste into an Indonesian bay, sickening villagers.Richard Ness, president director of Newmont Mining Corp.
Sat, 21 Apr 2007
Unemployment Rate Decreases
TEMPO Interactive, Jakarta: The Central Bureau of Statistics (BPS) said that the unemployment rate in 2006 decreased compared to previous years. The drop in unemployment was seen after the BPS surveyed the national work force in February 2007. “The unemployment rate was down.
Sat, 21 Apr 2007
BI Asked to Allow Rupiah's Improvement
TEMPO Interactive, Jakarta: Financial market analyst Reza Wibawa has asked Bank Indonesia (BI) to curb the improvement of the rupiah so that there will not be a sharp sudden increase of rupiah currency.
Sat, 21 Apr 2007
Adhi Karya Insists on Asking Infusion of State Capital
TEMPO Interactive, Jakarta: Despite the previous proposal of state co-financing being rejected, PT Adhi Karya is expecting that it can get state co-financing from the government. This is considered as extra capital for the company.
Sat, 21 Apr 2007
Tax for Industry that Produces Pollution
TEMPO Interactive, Jakarta: The implementation of sanctions over industry that produce pollution will be more effective than a moratorium of new vehicle manufacturing. Industrial pollution, said former Coordinating Minister for the Economy Rizal Ramli, was one the causes of the green-house effect...
Fri, 20 Apr 2007
Telekom Malaysia raises stake in Indonesian cellular unit
KUALA LUMPUR (AP): State-owned Telekom Malaysia said Thursday it would buy a further 7.4 percent stake in its Indonesian cellular unit, PT Excelcomindo Pratama, for US$113 million (euro94 million).Its unit, TM International (L) Ltd., will buy the shares from AIF (Indonesia) Ltd.
Fri, 20 Apr 2007
Govt to speed up steam power plant development
Padang (ANTARA News) - State-owned electricity company PT PLN will speed up the making of five steam power plants from 30-36 months to 23 months, director Eddie Widiono said here Thursday."Therefore, PLN is ready to offer contractors incentive options like in the form of cash bonus," he said after...
Fri, 20 Apr 2007
Bali`s non-oil/non-gas exports to east Europe up
Denpasar, Bali (ANTARA News) - Non-oil/non-gas exports from Bali province to East Europe in 2006 reached a total value of US$ 2.1 million or slightly up compared with US$ 1.9 million in 2005, a provincial trade official said.
Fri, 20 Apr 2007
Indonesia deal will be first for Dublin Port
Dublin Port is closer to agreeing a joint venture with the Indonesian government to build a $900m container terminal in Sabang Port in Aceh.The 50-50 joint venture involves setting up a new company, Sabang Hub International Port, which is likely to be operating within three months.
Fri, 20 Apr 2007
Aceh entrepreneurs make it big after starting from scratch
Nearly 80 percent of commercial losses caused by the 2004 earthquake and tsunami disaster in Aceh were suffered by the private sector, mostly retailers and traders.Many of the surviving entrepreneurs, however, did not wait long before they started taking part in rebuilding a devastated society in...