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Tue, 23 Feb 2010
Indonesia invites countries to rent land for food production
EXCERPTS:JAKARTA - Following Brazil's trail, Indonesia is encouraging foreign and local investors to lease huge swathes of fertile countryside and help make the country a major food producer."Feed Indonesia, then feed the world," was the recent call from President Susilo Bambang Yudhoyono...
Tue, 23 Feb 2010
Indonesia Court Overturns Carrefour Monopoly Ruling
Of DOW JONES NEWSWIRESJAKARTA (Dow Jones)--An Indonesian court Wednesday overturned a regulatory body finding that the local unit of Carrefour S.A. (CRERY) violated anti-monopoly laws, and reversed the commission's ruling that the retail giant must sell its majority stake in a local retailer.
Tue, 23 Feb 2010
A targeted approach to tax holidays
One question that constantly confronts Indonesia’s Investment Coordinating Board (BKPM) is whether or how to use fiscal incentives to encourage investment. While a broad array of options are at BKPM’s disposal, such as accelerated depreciation, matching grants and payments in kind, the most...
Tue, 23 Feb 2010
Tax Office to Prepare 15 International Intelligence Agents
TEMPO Interactive, Jakarta:The Tax Directorate General has prepared 15 international tax intelligence agents who will be placed in several tax haven countries.Tax Director General Mochamad Tjiptardjo said that a tax officer’s job is like an egg farmer’s.
Tue, 23 Feb 2010
Foreign investors confused over Bank Century case : Australian observer
Jakarta (ANTARA News) - An Australian observer of Indonesian economic affairs, Hal Hill, said foreign investors were confused by the fact that the Bank Century case had become an issue being handled by Indonesia`s House of Representatives (DPR).
Tue, 23 Feb 2010
CAFTA bearable if SNI enforced : business leader
Semarang, C Java, (ANTARA News) - A business leader said here on Monday that the impact of the China-Asean Free Trade Agreement could be dealt with by the enforcement of Indonesian National Standards (SNI) requirements.
Mon, 22 Feb 2010
Bali's Blue Bird of Happiness Threatened with Extinction
the saga continues ...From http://www.balidiscovery.com/messages/message.asp?Id=5827Open Season in Bali on Blue Colored BirdsBlue Bird Bali Taxi Controversy Escalates.Bali News: Open Season in Bali on Blue Colored Birds(2/20/2010) Demonstrations and demands by competing drivers from Bali taxi...
Mon, 22 Feb 2010
Governors get wider powers on permits
Governors have been given more administrative powers in supervising regents and mayors in their day-to-day activities including in settling disputes over overlapping mining areas, Home Minister Gamawan Fauzi has said.
Mon, 22 Feb 2010
Natural resource exploitation is a short way
As reported by the media, coal mining activities in Kalimantan have created complex environmental and social problems. Green forests have become dry lands. Chemicals have contaminated rice fields and residential areas have been flooded.
Mon, 22 Feb 2010
Investment in SE Sulawesi`s mining sector up significantly
Kendari, SE Sulawesi (ANTARA News) - The governor of Southeast Sulawesi, Nur Alam, said investment in the province`s mining sector had increased significantly."In 2009 the number of companies that was making or have made an investment in the region was recorded at 10 out of hundreds already...
Mon, 22 Feb 2010
Getting a Visa to Stand in Line
Long Visa Lines at Bali's Airport Prompt Calls for Urgent Change from Law Makers and Tourism Leaders.(2/20/2010) Bisnis Bali reports that despite a total of 26 visa on arrival counters at Bali's Ngurah Rai International Airport, long delays of as much as two hours are being encountered by those...
Mon, 22 Feb 2010
Foreign Investor Proposal Angers Indonesian Telecom Players
Several telecommunication stakeholders on Sunday rejected the government’s plan to ease the negative investment list next month, particularly on ownership of telecom towers.Southeast Asia’s largest telecom, Singapore Telecommunications, may be one of the foreign investors to take advantage of...
Wed, 17 Feb 2010
Bali's Blue Bird of Happiness Threatened with Extinction
things are now becoming clearer: thug taxi drivers in bali want bluebird shut down because they can't cheat and steal from bules any more.Bali Blue Bird taxi drivers seek police protectionDrivers of Bali Blue Bird taxis have asked protection from Denpasar Police following protests and violence by...
Wed, 17 Feb 2010
Indonesian gov't to focus on labor intensive industries
JAKARTA, Feb. 15 (Xinhua) -- Indonesian government has promised to provide more attention on reviving manufacturing, service sectors, among the hardest hit by the global crisis last year so as to provide more employment, the Jakarta Post reported here on Monday.
Wed, 17 Feb 2010
Indonesia bans hospitals on using name of international
JAKARTA, Feb. 17 (Xinhua) -- Indonesian Health Ministry has banned hospital on using the name of "international" before having been accredited by the Joint Commission International, a senior official said here on Wednesday.Director General for Public Health Services of the ministry Farid.
Wed, 17 Feb 2010
Govt to continue campaign to promote domestic products
Bogor (ANTARA News) - The Indonesian government will continue campaigning for increased use of domestic products to maintain their leading position in the country, a spokesman said,To that end, the government had asked all cabinet ministers to also appreciate and prefer to use domestic products,...
Wed, 17 Feb 2010
Indonesia to tighten standard requirements on imported products
Jakarta (ANTARA News) - Indonesia will tighten the implementation of SNI standard requirements to prevent the inflow of cheap and low quality products following the implementation of the Asean-China Free Trade Agreement (ACFTA), a minister said.
Wed, 17 Feb 2010
Bad infrastructure in RI hampers investment: Japan
Japan said Tuesday it would be ready to increase investment here should the Indonesian government remove obstacles hampering economic growth, including power problems and bad roads.The statement was made at a meeting between the Japan Bank for International Cooperation (JBIC) and the government,...
Wed, 17 Feb 2010
Indonesia to offer infrastructure projects worth $5 billion
Indonesia will host an Asia-Pacific ministerial conference from Apr. 14 to Apr.17, offering infrastructure projects worth at least US$5 billion, officials say.The 2010 Asia-Pacific Ministerial Conference on Public-Private Partnerships (PPP) for Infrastructure Development will be held at the Jakarta...
Wed, 17 Feb 2010
OZ and NZ ‘panicky’ over RI’s food resilience program
Australia and New Zealand are reacting to Indonesia’s plans to improve the output of four food commodities through the new “food resilience” programs, Agriculture Minister Suswono says.“Self-resilience programs are yet to start but New Zealand and Australia are already panicking,” Suswono...
Tue, 16 Feb 2010
Palm estate is forest, says ministry
The Forestry Ministry is drafting a decree to include oil palm plantations in the forest sector to comply with international standards in mitigating climate change.The ministry said it believed the policy would not lead to massive forest conversion into palm oil plantations as many critics feared.
Tue, 16 Feb 2010
Police to Establish Bureaucracy Reform Secretariat
TEMPO Interactive, Jakarta:The National Police will establish a Bureaucracy Reform Secretariat.This will be in the national police follow-up plan in 2010.“Later, the secretariat will be available from the central to the regional levels,” said Inspector general Imam Soejarwo, Head of the Police...
Tue, 16 Feb 2010
Govt optimizing geothermal energy development in East Java
Surabaya (ANTARA News) - The government, in this case the East Java Investment Agency (BPM) is optimizing the geothermal energy rate in the province, in line with its renewable natural resource potential.
Tue, 16 Feb 2010
Coal industry`s revenue may drop : association chairman
Jakarta (ANTARA News) - The income of coal companies may drop by Rp17 trillion this year due to the implementation of Law Number 26 of 2007, Bob Kamandanu said here on Monday.The chairman of the Association of Indonesian Coal Miners (APBI) said if the law on spatial arrangement was implemented the...
Tue, 16 Feb 2010
W Sumatra to offer its investment prospects to Turkish investors
Padang (ANTARA News) - Regencies and cities in West Sumatra will have the opportunity to offer their investment prospects to 60 Turkish businessmen in a business forum to be held in Jakarta from March 3 to 5, 2010.
Mon, 15 Feb 2010
Indonesian Coal Suffers Setback as Sumatra Rail Line Held Up Again
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project is likely to rise by more than 10 percent, a source close to the project told the Jakarta Globe.
Mon, 15 Feb 2010
Mining law to be revised
Pangkalpinang (ANTARA News) - Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (DPRD) to the Ministry of Law and Human Rights.
Sat, 13 Feb 2010
Rules May Free $10b Of Mining Projects in Indonesia
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the development of $10 billion worth of projects that have been stalled because of the slow legislation.
Sat, 13 Feb 2010
Foul Winds Blow at Bali's Breezes Resort
Local Bali Businessman Trying to Oust Management Team from Bali's Breezes Resort and Spa.Bali News: Foul Winds Blow at Bali's Breezes Resort(2/8/2010) An ongoing dispute between an international hotel management company and a Balinese businessman has put the future operation of the 130-room Breezes...
Sat, 13 Feb 2010
Trade Ministry questions legal permits for 7-Eleven
The Trade Ministry has insisted that Japanese convenience store giant 7-Eleven may have violated regulations despite the fact that it just opened its third outlet in Jakarta on Friday.The Trade Ministry's director general for domestic trade, Subagjo, said Friday that in order to open an operation...
Fri, 12 Feb 2010
Indonesia Issues Regulations To Allow Mining Licensing -Official
JAKARTA -(Dow Jones)- Indonesia has issued two regulations that will allow investors to start applying for mining permits and for the government to tender mining areas under the Mining Law passed in December 2008, a government official said Friday.
Fri, 12 Feb 2010
Indonesia Gives Tax Incentives For Renewable Energy Investment
JAKARTA -(Dow Jones)- Indonesia introduced tax incentives to attract investment in renewable energy as the former member of the Organization of Petroleum Exporting Countries seeks to reduce reliance on fossil fuels, the Finance Ministry said Friday.
Fri, 12 Feb 2010
Sriboga threatens to relocate to Australia
Flour producer PT Sriboga Raturaya has threatened the government that it may relocate to Australia because of a prolonged decision to impose punitive tariffs on Turkey flour despite the completion of dumping investigations.
Fri, 12 Feb 2010
Indonesia’s old guard stalls Yudhoyono’s reforms
Susilo Bambang Yudhoyono, the Indonesian leader, should be riding high after victories for himself and his party in last year’s presidential and legislative elections and sustained economic growth through the global financial crisis.
Fri, 12 Feb 2010
‘Bureaucracy’ Behind Indonesian Police Closure ITM Coal Mine in Kalimantan
Indonesian police have temporarily shut down the Jorong coal mine in South Kalimantan, which is owned by PT Indo Tambangraya Megah, the country’s fourth-biggest coal miner, since late last week because it does not have a valid permit.
Fri, 12 Feb 2010
PT Subsea Services Indonesia Open for Business in SE Asia
The parent company of Offshore Joint Services (OJS), Subsea Services International, has formed a new Indonesian subsidiary. The new company, PT Subsea Services Indonesia will house OJS's operations in Indonesia as well as those of other future group companies.
Fri, 12 Feb 2010
Turkey is Potential Export Market
TEMPO Interactive, Jakarta:Aip Syarifudin, the Turkish Indonesian Trade Associations (TITA) co-chairman, said the export potential for Indonesia’s oil and gas as well as non-oil and gas industry to Turkey is open wide.
Fri, 12 Feb 2010
The half-baked policies
The promulgation of government regulations on the security of coal and natural gas supplies for domestic needs was one of the programs on the agenda for the administration’s first 100 days in office - which ended late last month.The program was carried out well.
Fri, 12 Feb 2010
Jamsostek Plans to Give Indonesia ‘Workers Bank’ With New Unit
Social security provider PT Jaminan Sosial Tenaga Kerja said on Thursday that it plans to transform a Shariah unit of PT Bank Bukopin into a bank catering to its 8.4 million members after its acquisition of a majority stake in the bank is completed this year.
Fri, 12 Feb 2010
External Factors Seen as Threats to Indonesia's GDP Growth
External factors still pose a threat to growth despite the country’s robust economic performance through the global downturn, Finance Minister Sri Mulyani Indrawati warned on Thursday.Sri Mulyani said the government had no immediate plans to revise its 5.5 percent growth forecast for this year.
Fri, 12 Feb 2010
Stop-Gap Measure to Provide Indonesia With Electricity
State electricity company PT Perusahaan Listrik Negara will rent hundreds of diesel and oil-powered electricity generators to alleviate power shortages in some outlying provinces.Renting the generators was an “emergency measure” to help quickly resolve the shortages, PLN president director...
Thu, 11 Feb 2010
Indonesia’s GDP beats forecasts
Indonesia on Wednesday announced better than expected figures for 2009 growth in gross domestic product, making it one of the fastest growing economies in the G20 group of nations.Indonesia posted 4.5 per cent annual GDP growth for 2009, down from 6.1 per cent in 2008. Fourth-quarter growth was 5.
Thu, 11 Feb 2010
Turkey offers trade cooperation with Indonesia
Jakarta (ANTARA News) - The Turkish government through its trade representative office in Indonesia, TITA (Turkish Indonesian Trade Association), offered trade cooperation with Indonesia.Indonesia is a country with a strong influence in Southeast Asia while Turkey is a gateway to Europe, TITA...
Thu, 11 Feb 2010
Govt asks businesses to lobby Chinese exporters
The government has asked Indonesian businesses to use persuasive measures to curb the possible influx of cheap Chinese products into the country.Edy Putra Irawady, Deputy Coordinating Economic Minister on industry and trade, said in Jakarta on Wednesday that using persuasive measures might be more...
Thu, 11 Feb 2010
Indonesia forest minister vows land permit crackdown
JAKARTA (Reuters) - Indonesia's forestry minister on Wednesday said he had revoked the land use permits for 23 mining and other firms operating in forested areas and may crack down further, indicating a tougher stance on environmental protection.
Thu, 11 Feb 2010
Licensing problems stall oil, gas projects
The development of at least 16 oil and gas blocks owned by state oil and gas firm Pertamina has been delayed due to the company’s failure to obtain recommendation from the environmental office, a senior official said.
Thu, 11 Feb 2010
Tourist arrivals in Bali up 14 pct
Denpasar (ANTARA News) - More than 2.38 million foreign tourists visited Bali last year, up 14.48 percent from a year earlier, the local statistics office said."In December 2009 alone, the number of foreign tourists visiting the resort island was 222,546, a 26.
Thu, 11 Feb 2010
RI's exports, imports to recover earlier than expected: minister
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati has predicted Indonesia`s exports and imports as the engine of its economic growth will recover earlier than expected."From the external point of view it seems our exports and imports would recover earlier than expected," she...
Thu, 11 Feb 2010
Japan has potential to invest in Morotai fishery sector
Jakarta (ANTARA News) - Japan appears to be interested in investing in the fishery sector in Morotai regency, North Maluku province, a spokesman said."Its abundant fishery resources makes Morotai to have a high potential for Japanese investment," general chairman of the Indonesian...
Thu, 11 Feb 2010
Private Sector Invests Rp 10 Trillion in Indonesia's Transmigration Program
The controversial transmigration program to relocate the poor from overpopulated regions to less-developed parts of the archipelago has been given an Rp 10.37 trillion ($1.11 billion) infusion, thanks to private businesses seeking a work force in remote areas.