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Tue, 06 May 2008
Emaar Jakarta tower to be the tallest in SE Asia
The Jakarta Post , JakartaDubai-based real estate giant Emaar Properties plans to build a landmark tower in Jakarta, which would be the tallest skyscraper in Southeast Asia, a presidential envoy says.Special envoy for the Middle East Alwi Shihab said Monday the Chairman of Emaar, Mohamed Ali...
Tue, 06 May 2008
VP signals fuel oil prices to rise by 30 percent
Jakarta (ANTARA News) - Vice President Jusuf Kalla has signaled that the domestic fuel prices would rise by 30 percent."The government twice raised the domestic fuel prices, namely by 30 percent in March 2005, and by 120 percent in 2006," the vice president said at the National Development Planning...
Tue, 06 May 2008
Apac Coal looking to raise $15M for mine
Australia's explorer APAC Coal Ltd is looking to raise $15 million through an initial public offering to fund the development of a thermal coal mine in Indonesia, Australian Associated Press reported.APAC Coal's flagship project is located in East Kalimantan, and contains a resource of 5.
Tue, 06 May 2008
Reliance Power to buy coal mines
India’s Reliance Power Ltd. plans to invest $650 million to develop an Indonesian coal mine to ensure supplies as prices rise to a record, Bloomberg reported Tuesday.The cost includes the mine, a railway and a jetty to ship coal from the South Sumatra province to a power station being built in...
Tue, 06 May 2008
Govt. considering cutting coal royalty
The government is considering cutting coal royalty to be paid by coal contractors to the government from 13.5% to 7.5% Asia Pulse reported Tuesday.The policy is to encourage contractors to supply low grade coal for state electricity company PLN, which needs large supply to feed its coal-fired power...
Tue, 06 May 2008
German firm to enter motorcycle market
German motorcycle maker Sachs Fahrzeug-und Motorentechnik Gmbh wants to grab a share in the Indonesia's fast growing but tightly competitive market, Asia Pulse reported. Sachs Germany, as the company is known, has established a joint venture with a local partner PT Minerva Motor Indonesia to...
Tue, 06 May 2008
US trade chief in talks in Bali
US Trade Representative Susan Schwab was to discuss ways to boost trade with Southeast Asia and wrap up long-running world trade talks in meetings beginning on Thursday in Bali, according to a statement reported by Reuters.
Mon, 05 May 2008
Govt to focus on port, railway projects
Aditya Suharmoko, The Jakarta Post, Jakarta The government will prioritize the development of port and railway infrastructure this year to ease the flow of goods and reduce high transportation costs in the country, a minister says.
Mon, 05 May 2008
Developers eye low-cost apartments, houses
The Jakarta Post, Jakarta The Indonesian real estate association (REI) is to construct 86 subsidized low-cost apartment towers, with 600 units per tower, and 120,000 low-cost houses this year for low-income households.
Mon, 05 May 2008
Pertamina cuts amount of CPO in BioSolar
Due to the rising price of crude palm oil (CPO), state oil and gas company PT Pertamina says it will cut the content of the commodity in its "BioSolar" product from 2.5 percent to 1 percent.Pertamina director for marketing and trade Ahmad Faisal said over the weekend that with the CPO prices...
Mon, 05 May 2008
Time for RI to rethink inclusive growth
Owais Parray, Jakarta Is Indonesia back in the fast lane of economic growth? Indicators from the latter half of last year may seem to suggest so, but the global economy is likely to slow as a result of rising oil prices and a near recession in the U.S.
Mon, 05 May 2008
Unilever palm oil policy wins fans
Environmental group Greenpeace has echoed calls by consumer goods giant Unilever to impose a moratorium on deforestation in Indonesia in support for the company's pledge to purchase only certified sustainable palm oil.
Mon, 05 May 2008
Luring 300,000 Chinese tourists to Indonesia is not easy
That was what I was alluding to!
Mon, 05 May 2008
Luring 300,000 Chinese tourists to Indonesia is not easy
yes, lure has connotations of entrapment and deceit. on second thoughts ...
Mon, 05 May 2008
Luring 300,000 Chinese tourists to Indonesia is not easy
Quote:took various measures to lure as many as possible Chinese tourists to Indonesia.I hardly think lure is the right word to use here!
Mon, 05 May 2008
Luring 300,000 Chinese tourists to Indonesia is not easy
Hong Kong (ANTARA News) - The Indonesian Embassy in Beijing projected the number of Chinese tourists coming to Indonesia this year at 300,000, for which promotions are being conducted.The campaign on Visit Indonesia Year (VIY) 2008 launched by the Ministry of Culture and Tourism in Jakarta since...
Mon, 05 May 2008
World Islamic economic forum is important, says RI`s representative
Jakarta (ANTARA News) - Indonesia, like some other countries, believed that the Islamic countries in the world whose population is one-fifth of the world total, are playing a strategic role.But the role needs to be intensified with a view to implementing several agendas and in view of global...
Mon, 05 May 2008
Hong Kong toy makers to invest in Indonesia
Beijing (ANTARA News) - A number of toy producers from Hong Kong was scheduled to visit Indonesia in June this year to explore investment possibilities in cooperation with local toy makers, a diplomat said."It was planned that a number of Hong Kong toy producers will come to Indonesia in June.
Sun, 04 May 2008
Documented Foreign Workers in Bali on the Rise.
20% Increase in Bali's Foreign Workers Reported by Badung Regency.Bali News: Documented Foreign Workers in Bali on the Rise.(5/3/2008) BisnisBali reports that the number of foreign workers holding "legal" work permits has increased +20.
Sun, 04 May 2008
The Indonesian Investment Conference in Bali
Join Indonesia's Leaders in Finance and Investment in Bali May 21-22, 2008.Bali News: The Indonesian Investment Conference in Bali(5/3/2008) A major investment conference involving Indonesia's key economic architects from the Ministry of Finance, the Central Bank and business leaders from the...
Sun, 04 May 2008
Foreign arrivals up 15.7 percent, but EU visitors wane on airline ban
The Central Statistics Agency (BPS) said Friday Indonesia saw a 15.7 percent jump in the number of foreign arrivals to 1.41 million in the first quarter of 2008 from 1.22 million in the same period last year.In March alone, the number of foreign arrivals hit 502,000, up by 13.
Sun, 04 May 2008
RI's first quarter exports grow 31.7%
A resources-based commodities boom has boosted the country's export figures in the first quarter of this year by 31.7 percent, the latest survey reveals.The latest data from the Central Statistic Agency (BPS) show Indonesia's exports climbed to US$33.6 billion in the first quarter of 2008 from $25.
Sun, 04 May 2008
Australian trade minister attends ASEAN economic ministers meeting
Denpasar (ANTARA News) - Australian Trade Minister Simon Crean is taking part in the ASEAN Economic Ministers - Closer Economic Relations (AEM-CER) consultations in Nusa Dua, Bali, on Saturday.The meeting is being attended by 14 economic ministers from ASEAN and ministers of four countries outside...
Sun, 04 May 2008
Indonesian exports seen bouncing back in March on stronger oil, gas prices
If I'm not mistaken, Indonesia is net oil importer. Thus, actually the situation just got worse not better after the price increase.
Fri, 02 May 2008
Indonesia Forms Tax Legal Aid Institution
Wednesday, 30 April, 2008 | 17:51 WIBTEMPO Interactive, Jakarta: The Indonesian Tax Legal Aid institution (LBHPI) has eventually been officially launched.Eddy Mangkuprawira, the Head of LBHPI, said that the establishment of this institution had been ignited by low concern regarding tax legal issues.
Fri, 02 May 2008
Domestic coal consumption to exceed exports
Domestic coal consumption would exceed coal exports, sometime between 2015 and 2020, if the government cap on coal exports remains in place, an association said Tuesday.Indonesian Coal Mining Association president Jeffrey Mulyono said domestic coal demand would jump to 75 million tons in 2009, from...
Fri, 02 May 2008
Bata aims to resist challenge from Chinese shoe imports
Publicly listed footwear maker PT Sepatu Bata (Bata Indonesia) has allocated Rp 70 billion (US$7.46 million) for its corporate actions this year in the hopes of retaining its seven percent share in the local footwear market amid fierce competition from Chinese imports.Merchandising Director Anita R.
Fri, 02 May 2008
Food industry: Prospect in turmoil
Novri Irza Hidayattullah, Jakarta The fluctuation of international commodities prices, including food and fuel, has triggered big worries in the domestic food industry over whether the industry will able to survive and pass the turbulence.
Fri, 02 May 2008
Govt to sell half of oil stockpile to add revenue
Ika KrismantariThe government plans to sell half of its stockpile of 14 million barrels of crude oil this year to increase revenues to compensate for oil subsidy demands amid rising oil prices.Energy and mineral resources Minister Purnomo Yusgiantoro said Tuesday the government would sell 30,000...
Fri, 02 May 2008
New BPMigas chief vows efficiency, transparency
The new chairman of BPMigas, the country's upstream oil and gas regulator, pledged Tuesday to promote efficiency and transparency in the powerful agency.Speaking at his inauguration, R. Priyono said the agency would cut bureaucratic processes oil and gas companies must undergo to obtain exploration...
Fri, 02 May 2008
Indonesia must adopt new 'clean coal' to halt global warming
Sylvia Darmaji, AnalystIndonesia, the world's biggest thermal coal exporter, should adopt new technologies to overcome the threat of global warming.In the wake of emerging economies, the demand for energy sources has increased over the last few years.
Fri, 02 May 2008
S'pore exploring possibilities of cooperating with Gorontalo in agriculture
Vast opportunities exist for Singapore and Indonesia's Gorontalo province to cooperate in the agricultural sector Singapore envoy says.As city-state with no hinterland, Singapore's economy has relied on trade and port sectors, Singaporean Ambassador to Indonesia Ashok Mirpuri said Wednesday.
Fri, 02 May 2008
Indonesian exports seen bouncing back in March on stronger oil, gas prices
Jakarta (ANTARA News) - Indonesian exports probably bounced back in March, after dropping slightly in February, helped by stronger oil and gas prices, economists said.Exports stood at $10.53 billion in February, down 5 percent from the all-time high of $11.09 billion hit in January, but were up 28.
Fri, 02 May 2008
Indonesia Biofuel Not Behind Environment, Food Woes
INDONESIA: May 2, 2008JAKARTA - Indonesia's biofuel sector is not a major force destroying tropical forests or squeezing out land used for food production, a senior industry official told Reuters on Wednesday.
Wed, 30 Apr 2008
Government sets target of all areas in RI having broadband access in 2015
Jakarta (ANTARA News) - The government has set itself the target of making all areas in Indonesia have broadband access for connection to universal internet in 2015, a minister has said."At a meeting in Bangkok last week, APEC telecommunications and industry ministers set a target of making all...
Wed, 30 Apr 2008
Govt needs to issue transparency standards for oil and gas companies
Jakarta (ANTARA News) - The Indonesian International Transparency (TII) non-governmental organization (NG) and the Publish What You Pay coalition had urged the government to issue rulings and standards impelling oil and gas companies operating in Indonesia to carry out their business activities...
Wed, 30 Apr 2008
Govt should include training in education system: Apindo
Despite a high number of job seekers here, businesses are still finding it difficult to hire reliable competent workers, says a business group.Nina Tursinah, deputy chairwoman of the Indonesian Employers Association (Apindo), said to help overcome the problem, the government needed to improve the...
Wed, 30 Apr 2008
Rio Tinto secures deal with govt on tax system for massive project
Rio Tinto, the world's second largest mining company, announced Monday it reached an agreement with the government over a tax privilege for its planned US$1.5 billion nickel project in Sulawesi.The tax facility would be given based on a combination of fixed and prevailing rates, the company said in...
Wed, 30 Apr 2008
Govt may again revise industrial growth target on oil prices
Novia D. Rulistia, The Jakarta Post, Jakarta The government may again reduce its industrial output growth target for this year as soaring oil prices push up production costs and inflation."The revision is automatic. The government also revised its state budget and reduced its growth target from 6.
Tue, 29 Apr 2008
Indonesia expects more coal exports
Indonesia's coal mining group expects the country to export 170 million tons of the resource in 2008, the same as in 2007, quelling fears that the world's top exporter of thermal coal may cap shipments to feed fast-growing domestic demand, Reuters reported Tuesday (15/4/08).
Tue, 29 Apr 2008
Govt. plans to limit mining areas: legislator
Indonesia plans to limit the area that metal and coal mining firms can explore in the mineral-rich country in a bid to prevent domination by a few companies, a legislator said on Monday (14/4/08), Reuters reported.
Tue, 29 Apr 2008
Q1 motorcycle sales rise 37%, led by Honda
Motorcycle sales in Indonesia rose 37% to 1.44 million in the first quarter from the same period last year, led by Honda, data from an industry group showed on Monday (14/4/08), Thomson Financial reported.
Tue, 29 Apr 2008
Foreign share in domestic port business limited to 49%
The government is to open the port sector for investments from both national and foreign parties starting from next year following the approval of a government regulation on investments in the port sector, Bisnis Indonesia reported Friday (18/4/08).
Tue, 29 Apr 2008
Malaysia's TDM to develop plantation land
TDM Bhd of Malaysia has signed a heads of agreement (HoA) with its subsidiary, PT Rafi Kamajaya Abadi, and H. Rahman to acquire and develop 30,000 hectares of oil palm plantation land, Asia Pulse reported Monday (14/4/08).
Tue, 29 Apr 2008
1Q investment realization up 80% on year
Indonesia recorded an 80% on-year increase in actual investment in the first quarter of the year, head of the official Investment Board (BKPM) Muhammad Lutfi said Monday (14/4/08), Dow Jones reported.He added that investment in telecommunications, pulp and paper projects accounted for the largest...
Tue, 29 Apr 2008
Commodities to drive investment: BKPM
The country's investment sector will grow 15.2% this year despite fears of global economic woes, the chief of the investment board (BKPM) said, while a survey by ING Bank placed Indonesia third on the list of countries likely to come out best from the crisis, after China and India.BKPM chief M.
Mon, 28 Apr 2008
Investment incentives needed for CPO derivative products: Saratoga
As a country rich with natural resources, Indonesia is adapting to the soaring commodity prices with the hope to balance increasing profits while securing supplies for the domestic market.One commodity seeing rapid growth globally is crude palm oil (CPO), mostly driven by demand from biofuel...
Mon, 28 Apr 2008
RI to miss oil production target this year as subsidy threat looms
Already under threat of a fiscal calamity amid soaring oil prices and unrealistic government fuel subsidy spending, Indonesia is expected to miss this year's oil production target of 977,000 barrels per day (bpd), the Energy and Mineral Resources Ministry said.
Mon, 28 Apr 2008
Ciputra to invest US$1.1 bln in luxury housing project
Jakarta (ANTARA News/Asia Pulse) - Indonesian publicly-traded construction company PT Ciputra Development (JSX:CTRA) said it will build luxury homes worth Rp10 trillion (US$1.1 billion) in Palembang and Balikpapan.
Mon, 28 Apr 2008
Sustainable energy scenario could save Asia US$766 billion
Bangkok (ANTARA News) - If Asian-Pacific governments follow a more sustainable energy paradigm they can shave 766 billion dollars off the estimated 9 trillion dollars needed to improve their energy infrastructure by 2030, a United Nations report concluded Monday.