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Mon, 25 Oct 2010
Java, Indonesia: the sleeping giant
When the sorcerer arrived, things got stranger still. Until then, the dancers had been prancing like horses, playing out some beautiful atrocity. Now they tore off their armour and rolled on the ground, thrashing and licking the dirt.
Mon, 25 Oct 2010
Will Indonesia be the world’s fifth largest economy?
Since surviving from the recent global crisis, with economic growth rate at 4.5 percent in 2009, while many other countries suffered economic contraction, some economic observers have started projecting the emerging economic power of Indonesia.
Mon, 25 Oct 2010
Indonesian Infrastructure PPP Projects Delayed
Jakarta. The government is unlikely to tender five infrastructure projects worth $4.44 billion that were offered through a pilot public-private partnership program this year because a key regulation is not yet ready, an official said on Friday.
Mon, 25 Oct 2010
News Focus: Economic zones designed to improve locals` welfare
Jakarta (ANTARA News) - If successful, the government`s plan to divide the country`s economic development into economic zones and clusters will create jobs for members of the local community for mutual welfare.
Mon, 25 Oct 2010
Unemployed Bachelor Degree Holders Apprehensive: Muhaimin
Semarang, Central Java (ANTARA News) - The number of unemployed bachelor degree holders had reached an apprehensive level, Minister of Manpower and Transmigration Muhaimin Iskandar said here on Sunday."Many of our bachelor degree holders does not have sufficient skills to work in the field...
Mon, 25 Oct 2010
Jamsostek has 9.12 million active participants
Jakarta (ANTARA News) - The number of active participants of the workers social insurance company PT Jamsostek has up to September 2010 reached 9.12 million, an increase compared to last year`s 8 million, the company said a press release on Sunday.
Mon, 25 Oct 2010
Aceh govt not to shut down iron ore mining
Banda Aceh, Aceh (ANTARA News) - Aceh Governor Irwandi Yusuf said the local government will not shut down PT Lhong Setia Mining`s iron ore mining activities in Aceh Besar district following a report the company dumped mud into rice field.
Mon, 25 Oct 2010
Govt planning us$60 billion economic corridors
Bandarlampung, Lampung (ANTARA News) - The government is discussing a US$60 billion worth of economic corridor development plan which will divide the country`s economic development areas into economic zones and clusters beginning in 2011, Chief Economic Minister Hatta Rajasa said.
Sun, 24 Oct 2010
President to address business forum in Shanghai
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono will be the key speaker at a business forum attended by 300 leading Chinese and Indonesia businessmen in Shanghai, China next week.According to a press statement from the office of the president`s special assistant for international affairs...
Sun, 24 Oct 2010
Astra to expand into three other sectors
Jakarta (ANTARA News) - PT Astra International said the automotive industry would remain its backbone while implementing a plan to expand into three other sectors."We will not leave the automotive industry as it is our backbone," the company`s president director, Prijono Sugiarto, said...
Sun, 24 Oct 2010
Indonesia ready to rival Thailand as automotive production base
Jakarta (ANTARA News) - Indonesia is ready to rival Thailand as an automotive production base, the president director of PT Astra Internasional (ASI), Prijono Sugiarto, said here on Saturday."This year is the year of automotive for Indonesia as a number of supporting indicators grow...
Sun, 24 Oct 2010
Indonesia expecting more Chinese investment
Jakarta (ANTARA News) - Indonesia hopes investment from China will increase and more of its products can be sold in that country following President Susilo Bambang Yudhoyono`s upcoming meeting with Chinese businessmen.
Sun, 24 Oct 2010
Japan Invests in Cassava Cultivation
TEMPO Interactive, Garut: Japan Invests in Cassava CultivationGarut– A Japanese company, Nihon Yakuzen Food, through PT Java Energy will invest Rp 742,1 billion in cassava cultivation. Wahyudijaya, the Garut Investment Office chief, said the project that will be carried out on a 15.
Sat, 23 Oct 2010
‘Stop the Foolishness’ in Production Of Food and Energy: New Kadin Chief
Suryo Bambang Sulisto, the newly elected chairman of the Indonesian Chamber of Commerce and Industry (Kadin), sat down with Yanto Soegiarto to discuss his plan to help Indonesia compete with China and India, his longtime ties to controversial businessman and politician Aburizal Bakrie and the need...
Sat, 23 Oct 2010
Gorontalo to host World Maize Conference
Gorontalo (ANTARA News) - Gorontalo province is expected to host the World Maize Conference (WMC) in October 2011 where exporters and importers will discuss maize development and exchange expertise, Gorontalo Deputy Governor Tony Uloli said.
Sat, 23 Oct 2010
Dubai companies to invest in South Sumatra`s energy sector
London (ANTARA News) - Two Dubai companies, Salam Investments and Mas ClearSight Investment Bank, plan to invest in the energy sector in South Sumatra, an Indonesian official said."The two companies from Dubai are interested in investing in coal mining and power generation and prepared to sink...
Fri, 22 Oct 2010
Foreign Governments Eye Indonesia’s Geothermal Projects
TEMPO Interactive, Jakarta:A number of foreign countries have confirmed their intention to invest in geothermal resource sector in Indonesia. "We will push for this starting today until Christmas,” Murray McCully, the New Zealand Foreign Minister who has been in Indonesia since last Monday,...
Fri, 22 Oct 2010
The World Eyes South Sulawesi’s Economic Potentials
TEMPO Interactive, Makassar:The world is now eyeing South Sulawesi’s large economic potential. This was conveyed by Austrian Ambassador to Indonesia, Klaus Wolfer, at a meeting to discuss strategies in utilizing domestic potentials to support foreign politics, at the Golden Makassar Hotel,...
Fri, 22 Oct 2010
Jambi industries advised to replace fuel with coal
Jambi (ANTARA News) - To avoid being constrained by fuel scarcities or price hikes, industries in Jambi province should switch to alternative energy sources such as coal to run their factories, a local energy official said.
Fri, 22 Oct 2010
Leased office occupancy rate nears 90 % in Q3
Indonesia's stellar economic performance and strong growth in investment realization have helped boost the occupancy rate of offices in Greater Jakarta to 89.89 percent in the third quarter of this year.
Fri, 22 Oct 2010
Telkomvision launches prepaid TV
Telkomvision, a pay television operator in Indonesia, launched Thursday a prepaid TV in a bid to net more subscribers. The company has aimed at increasing subscription rate to 500,000 this year, up from 300,000 last year.
Fri, 22 Oct 2010
Indonesian Government Urged to Ensure PLN Support for Geothermal
Jakarta. The Indonesian Geothermal Association is pushing the government to demonstrate its commitment to renewable energy by forcing the state electricity utility to purchase geothermal energy to help spur investment in the lagging sector.
Fri, 22 Oct 2010
Seven Foreign Investors Interested in Indonesian Cocoa
TEMPO Interactive, Jakarta:Benny Wachjudi, the Industry Ministry’s Agro and Chemical director-general, said there were seven foreign investors interested in investing in the cocoa industry. They are ADM Cocoa from Singapore, Guanchong Cocoa from Malaysia, Olam International from Singapore,...
Thu, 21 Oct 2010
Indonesia
To say that Indonesia has outperformed would be an understatement. A thousand dollars invested in the MSCI Asia ex-Japan index ten years ago would be worth about $3,600 now, with dividends reinvested. The same sum invested in the Jakarta Composite would have grown to almost $13,000.
Thu, 21 Oct 2010
Tire Exports to Brazil Run Smoothly
TEMPO Interactive, Jakarta:National tire businessmen have not had problems in exporting heir products to Brazil. Tjutju Darmawan, the Indonesian Tire Companies Association secretary-general, said he has not received any report from his members concerning the Brazilian government’s import...
Thu, 21 Oct 2010
Chinese VP: Trade with Indonesia rising
Beijing (ANTARA News) - Chinese Vice President Xi Jingping said trade with Indonesia had continued to rise reaching US$26.7 billion in the January-August period of 2010."It has increased by 59 percent compared with the same period last year," he said here on Wednesday when receiving...
Thu, 21 Oct 2010
Vietnamese investors explore opportunities in Babel
Pangkalpinang, Bangka Belitung (ANTARA News) - Investors from Vietnam have explored a location in Bangka Selatan district in Bangka-Belitung (Babel) province to invest in the fisheries sector."The investors from Vietnam intended to invest in the fisheries sector and have visited Bangka Selatan...
Thu, 21 Oct 2010
Indonesia included in big three projector market
Jakarta (ANTARA News) - Indonesia is one of the big three projector market in Asia Pacific after China and India, a senior sales manager of PT NEC Indonesia said."This indicates the big chance for businesses to tap projector market in Indonesia," Ferry Faried Badjeber, senior sales...
Thu, 21 Oct 2010
BKPM to assign more staff at overseas offices
Jakarta (ANTARA News) - The Capital Investment Coordinating Agency (BKPM) will assign more staff at its overseas offices to ease their increasing workload in attracting investment, a spokesman said."We will strengthen the human resources at several of our overseas offices," BKPM Deputy...
Tue, 19 Oct 2010
US Billioner Warren Buffet Eyeing Indonesia
VIVAnews - A US investor, Warren Buffet, is willing to put in investment in Indonesia. Through Build Your Dreams Co Ltd Investor, a China-based manufacturer of batteries and electric cars, he will channel the investment.
Tue, 19 Oct 2010
Will Indonesia's planned land law speed up infrastructure?
JAKARTA Oct 18 (Reuters) - Indonesia plans to revamp its land law, which investors hope will speed up the acquisition of land to help build infrastructure ranging from roads to airports.Inadequate infrastructure is seen as a deterrent to attracting foreign direct investment to Southeast Asia's...
Tue, 19 Oct 2010
Which One to Invest in: Gold or CPO?
VIVAnews - The prices of crude palm oil and gold in the market are rising quite unexpectedly. Gold is now tagged at US$1,372 per troy ounce, a 30 percent increase within this year. "Analysts predicted that gold prices will be at US$1,450 per troy ounce until the end of 2010," said...
Tue, 19 Oct 2010
PLN Considers that Geothermal Electricity Price is too Expensive
TEMPO Interactive, Jakarta:The Managing Director of state-owned power firm PLN, Dahlan Iskan, said that they will have trouble using geothermal energy as electricity, because its domestic price of US$ 9.
Tue, 19 Oct 2010
Palu immigration hunting problematic Indian national
Palu, C Sulawesi (ANTARA News) - The Palu immigration office has launched a hunt for a problematic Indian national identified as Sunil Dut, a spokesman said.Yusus Sadu, head of the Local immigration detention center, said here on Tuesday there was information that Sunil Dut was hiding in Tojo...
Tue, 19 Oct 2010
Germany's Ferrostaal Aiming Oil Palm Industry
VIVAnews - Germany-based firm Ferrostaal AG will put in investment in the downstream sector of oil palm industry such as biodiesel and beta-carotene in Sei Mengkei, North Sumatra.Ferrostaal will joint with PT Perkebunan Nusantara III and PT Perkebunan Nusantara IV to develop agriculture-based...
Tue, 19 Oct 2010
Processing industry`s growth exceeds target
Jakarta (ANTARA News) - Indonesia`s non-oil/non-gas manufacturing industries grew 4.91 percent in the second quarter of this year, exceeding the government-set target of 4.65 percent, a deputy minister said.
Tue, 19 Oct 2010
Japan pledges to build economic zones in RI
Jakarta (ANTARA News) - Coordinating Economic Minister Hatta Rajasa said Japan had pledged to develop Indonesia`s special economic zones in several parts of the country at a cost of 52.9 billion US dollars.
Tue, 19 Oct 2010
Seven foreign investors to build cocoa plants in RI
Jakarta (ANTARA News) - Seven foreign investors have expressed keen interest in building cocoa processing plants in Indonesia following the imposition of duties on cocoa exports as of April 1, 2010.The seven investors are ADM Cocoa and Olam International of Singapore, Guanchong Cocoa of Malaysia,...
Tue, 19 Oct 2010
Joint Malaysia-Indonesia Council proposed to fight threats against palm oil
Kuala Lumpur (ANTARA News/Bernama) - Malaysia and Indonesia should set a joint council based in Europe and the United States to fight negative perceptions and unfounded allegations made against the palm oil industry.The proposal came from former primary industries minister Tun Dr Lim Keng Yaik.
Tue, 19 Oct 2010
Indonesia’s Resource Firms Wary of Chinese Takeovers
China may have to settle for minority stakes and financing deals when it comes to mergers and acquisitions targets in Indonesia’s resources sector, given a reluctance of locals firms such as Bumi Resources to cede control of assets.
Mon, 18 Oct 2010
South Sulawesi govt to sue INCO
Manhora should get involved. She's the face of Southeast Sulawesi I believe.
Mon, 18 Oct 2010
India biggest contributor to N Sumatra`s forex earnings
Medan, North Sumatra (ANTARA News) - India has been the biggest contributor to North Sumatra`s foreign exchange earnings which in August this year totaled US$5.553 billion."From January to August, India`s contribution to North Sumatra`s foreign exchange earnings has reeched 15.
Mon, 18 Oct 2010
Bali`s export products remain competitive in global markets
Denpasar, Bali (ANTARA News) - Bali`s exports of different commodities to 83 countries are expected to remain competitive on the global market, head of the Bali provincial industry and trade office Gede Darmaja said here Saturday.
Mon, 18 Oct 2010
Bali earns us$125.6 million from light industry exports
Denpasar, Bali (ANTARA News) - Bali earned 125.6 million US dollars from its light industry exports in the first semester of this year, a 14.7 percent increase over the same period last year when the figure was 109 million US dollars, a local trade official said.
Mon, 18 Oct 2010
South Sulawesi govt to sue INCO
Kendari, SE Sulawesi (ANTARA News) - The Southeast Sulawesi provincial government is planning to file a lawsuit with the local court against nickel mining company PT Inco on the grounds it has harmed the local people`s interests.
Mon, 18 Oct 2010
Astra Agro plans to increase production capacity
Astra Agro plans to increase production capacityBandung, W Java (ANTARA News) - Publicly-listed oil palm plantation company PT Astra Agro Lestari Tbk plans to increase the production capacity of its crude palm oil processing plants this year to 1,125 tons/hour from 985 tons/hour previously.
Mon, 18 Oct 2010
Lack of security hampers foreign investors to operate in Aceh
Lhokseumawe, Aceh Province (ANTARA News) - Lack of security and the imposition of Islamic syariah law have hampered foreign investors in investing in the Aceh province, a local councilor has said."Of the lack of security and Islamic syariah law, the former is the one the foreign investors fear...
Sat, 16 Oct 2010
Indonesia gives official blessing to Canadian wheat
Indonesia, a major international buyer of Prairie wheat, has given Canadian grown crops its official blessing, eliminating the need for costly testing at Indonesian ports.The move gives Canada preferred status in a market worth more than $300 million a year to Prairie wheat farmers, and effectively...
Sat, 16 Oct 2010
Indonesia eases restrictions on Canada's agriculture imports
Indonesia has agreed to recognize Canada’s food quality-control system, federal agriculture Minister Gerry Ritz said Friday, meaning shipments of wheat and potatoes won’t have to undergo additional and costly testing when arriving at that country’s ports.
Sat, 16 Oct 2010
Japanese Firms Eye Energy, Infrastructure Projects Here
Jakarta. A number of Japanese companies are mulling investments in Indonesia, including energy and infrastructure projects, with cooperation from government officials in both countries.Japan and Indonesia will cooperate on developing power, port and road projects, according to government documents.