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Wed, 06 Oct 2010
BI: RI economy to grow 6.5 pct next year
Jakarta (ANTARA News) - Bank Indonesia (the central bank/BI) has predicted the Indonesian economy will expand by a range of 6.0-6.5 percent next year on the back of improving global and domestic economy.
Tue, 05 Oct 2010
AFITA conference in Bogor on it application in agriculture
Bogor (ANTARA News) - Asian experts on the application of information technology in agriculture began a four-day meeting here Monday to discuss ways of speeding up the dissemination of information technology among Asian farmers.
Tue, 05 Oct 2010
Foreign tourist arrivals expected to exceed target
Jakarta (ANTARA News) - Minister of Culture and Tourism Jero Wacik said he was optimistic that the number of foreign tourists who visited Indonesia in 2010 would exceed the target of seven million."I am confident that the 7 million foreign tourist arrival target would be achieved or even...
Tue, 05 Oct 2010
Govt issues mineral, coal check prices
Jakarta (ANTARA News) - The government has issued an energy and mineral resources ministerial decisiion no 17 of 2010 on mineral and coal sales check prices."The regulation took effect September 23, 2010, must be followed by all mineral and coal producers," Mineral and Coal Director...
Tue, 05 Oct 2010
AFITA conference expected to encourage agribusiness
Bogor, West Java (ANTARA News) - The seventh international conference of the Asian Federation for Information Technology in Agriculture (AFITA) being held in Bogor, West Java, is expected to give a boost to the agribusiness sector, one of the meeting`s organIzers said.Prof. Dr.
Tue, 05 Oct 2010
Gov't urged to develop growth centers in E Indonesia
JAKARTA, Oct. 4 (Xinhua) -- The Indonesian government was urged to develop growth centers in the eastern part to fill economic gap with western and central ones, a press statement said here on Monday.Eastern Indonesia public figures, parliament and senate agreed that the economic gap pushed...
Tue, 05 Oct 2010
Indonesia Applies Highest Logistics Tariff
"In other countries, the percentage never reaches above five percent"VIVAnews - The costs for logistics in Indonesia are apparently higher compared to other countries. However, the efforts to reduce the amount have yet to be carried out by the government.
Mon, 04 Oct 2010
Manufacturers, importers ready for Indonesian language labeling
Manufacturer associations have expressed readiness for implementation of a trade minister regulation on mandatory Indonesian language labeling for non-food and medicine products, which came into effect on Oct. 1.
Mon, 04 Oct 2010
As Indonesia Matures, Taiwan Sees ‘Ideal’ Investment Hot Spot
Jakarta. Indonesia expects annual investment from Taiwan to double to $2 billion next year, primarily in the textiles, manufacturing and infrastructure sectors, the head of the national investment board said on Friday.
Mon, 04 Oct 2010
Taiwan Eyes Investing in Indonesia
TEMPO Interactive, Jakarta:The Taiwanese Economy Minister, Yen-Shiang Shih, has said that he feels Indonesia is one of the important investment destination countries in Southeast Asia.Indonesia was judged positive because it has a large domestic market, a low inflation rate, and it is rich in...
Mon, 04 Oct 2010
Indonesian Businessmen Very Optimistic
TEMPO Interactive, Jakarta:The result of a survey carried out by Hongkong and Shanghai Banking Corporation (HSBC) Trade Confidence Monitor during the second quarter of 2010 has showed that businessmen in Indonesia are very optimistic, and the index is even the third highest after India and United...
Mon, 04 Oct 2010
First Media to invest $75 mln in HDTV
Jakarta (ANTARA News) - PT First Media Tbk, publicly-listed Internet and pay-TV broadband access provider, said on Friday it has set aside US$75 million to develop high definition-based broadcast (HDTV).
Mon, 04 Oct 2010
RI`s imports down 3.21 pct in August
Jakarta (ANTARA News) - Indonesia`s imports in August fell 3.21 percent to US$12.22 billion from a month earlier, bringing imports in the first eight months of 2010 to US$87.78 billion, the Central Statistics Agency (BPS) said.
Mon, 04 Oct 2010
RI`s manufactured goods exports jump 34.7 pct
Jakarta (ANTARA News) - Indonesia`s manufactured goods exports in the first eight months of 2010 jumped 34.7 percent to US$61.4 billion from a year earlier on the global economic recovery, a minister said."The global economic recovery has raised demand for our manufactured goods.
Mon, 04 Oct 2010
Govt targets US$300 million in Trade Expo transactions
Jakarta (ANTARA News) - The government has set itself a target of US$300 million in the 25th Trade Expo Indonesia (TEI) transactions which will be held at the Jakarta International Expo in Kemayoran on October 13-17, 2010, a minister said.
Mon, 04 Oct 2010
Govt to continue protecting oil palm development
Govt to continue protecting oil palm developmentJakarta (ANTARA News) - The government will continue to protect sustainable oil palm plantations and crude palm oil (CPO) industry and support steps to increase exports and to develop various CPO down stream industrial programs, a vice minister said.
Fri, 01 Oct 2010
Investment climate and RI’s stagnant oil production
Amid declining oil production, a long-standing issue that the Indonesian government has not satisfactorily resolved is whether to continue to be tough against oil companies on the question of financial incentives or to be flexible.
Fri, 01 Oct 2010
Infrastructure Expenditure Must Be Doubled
VIVAnews - To achieve growth in the gross domestic products at seven percent by 2012, the Indonesian government must advance the capital expenditure twice as much as this year's budget.The government this year have just spent infrastructure expenditure by 3.5 percent of the GDP.
Fri, 01 Oct 2010
Thailand Eyes Indonesia’s Machinery Industry
TEMPO Interactive, Jakarta:Thailand Trade representative, Suthad Setboonsarng, said most of the 18 countries participating in the 2010 Indonesia-Thailand Business Forum and Business Networking Programs are engine producers.
Fri, 01 Oct 2010
Hyundai Interested in Building a Factory in Indonesia
TEMPO Interactive, Jakarta:Gita Wirjawan, the Investment Coordinating Board (BKPM) chairman, said Hyundai, the car producer from South Korea, had expressed its interest in building a car manufacturing factory in Indonesia.
Fri, 01 Oct 2010
Indonesia`s Jakarta Industrial Estate to build US$130 mln plant
Jakarta (ANTARA News/Asia Pulse) - PT Jakarta Industrial Estate Pulogadung (JIEP), said it would start building a 130-megawatt power plant for its own use this year.Agus Dwitarto, the president of the company, which is owned by the Jakarta city administration, said the US$130 million project will...
Fri, 01 Oct 2010
Chinese steel co Guo Feng ordered to move plant to Indonesia
Jakarta (ANTARA News/Asia Pulse) - China's state-owned steel company Guo Feng Iron and Steel plans to move its factory from Tangshan, China, to Indonesia with a total investment of US$1 billion, a government official said.
Fri, 01 Oct 2010
Indonesia on Verge of Becoming an Economic Power
Some economists say Indonesia is poised to become an emerging economic power similar to China and India. Economic growth slowed slightly during the worst of the global economic crisis, but now it is again expanding at a rate of over six percent a year, and Indonesia has the second-best performing...
Thu, 30 Sep 2010
"Rubber Time" unacceptable at Japanese companies
Well don't the Japanese often spark out on the job because they work so hard? Indonesia represents the other end of the spectrum. In the West people increasingly work flexi-time which is progress I'd say.
Thu, 30 Sep 2010
"Rubber Time" unacceptable at Japanese companies
most indonesians would consider japanese employers as "tidak manusiawi" for their demands that people behave like robots, or as little cogs in humungous wheels. they might have a point, you know.
Thu, 30 Sep 2010
"Rubber Time" unacceptable at Japanese companies
Quoting: biznews"Many Indonesian employees had a "cultural shock" when working with a Japanese company and facing difficulties in adaptations, especially fresh graduates," Takuji Motooka said.Heh heh. Yes I'll bet. I'm sure it's the shock of their fuckin' lives.
Thu, 30 Sep 2010
"Rubber Time" unacceptable at Japanese companies
Jakarta (ANTARA News) - The habit of always being late (rubber time) is unacceptable at business companies in Japan, President Director of PT. Itochu Indonesia Takuji Motooka said.He made the remarks in a seminar on "Work Ethics at Japanese Companies and Its Culture Background," held here...
Thu, 30 Sep 2010
BKPM to cooperate with PHRI to promote investment
Jakarta (ANTARA News) - The Capital Investment Coordinating Board (BKPM) and the Indonesia Restaurant and Hotel Association (IRHA) have agreed to cooperate in promoting their common visions and missions to increase investment at home.
Thu, 30 Sep 2010
Batam now has capital market information center
Batam (ANTARA News) - Batam in Riau Islands has now a Capital Market Information Center as the only second level autonomous representative of PT Bursa Efek Indonesia (Indonesian stock exchange) in Indonesia.
Thu, 30 Sep 2010
Problems hindering intra-asean investment : deputy minister
Jakart (ANTARA News) - Several problems are hindering efforts to increase investment among members of the Association of Southeast Asian Nations (Asean), Deputy Trade Minister Mahendra Siregar said."The first problem is how to implement agreements made at Asean level at the national...
Thu, 30 Sep 2010
Indonesia on an upward trajectory
When will the ride end for the Jakarta Composite Index? It enjoyed another record-breaking day on Wednesday, rising 0.7 per cent, flirting with the 3,500 mark and breaking fresh records for a fourth successive day.On Monday, the index surged 2.
Wed, 29 Sep 2010
World Bank: Indonesia`s economic fundamentals strong
Jakarta (ANTARA News) - Indonesia`s economic fundementals are now strong enabling the government to shift its policy focus from short-term uncertainty to investment achievement, especially in the infrastructure sector, a World Bank economist said.
Wed, 29 Sep 2010
China offers soft loans for railway infrastructure development
Makassar, South Sulawesi (ANTARA News) - The Chinese government through Tangsahan Railway Vehicle Co. Ltd. has offered a soft loan to the provincial government of South Sulawesi for the development of railway infrastructure in the region.Vice General Manager of Tangsahan Railway Vehicle Co. Ltd.
Wed, 29 Sep 2010
Govt asks Kadin to help revitalize industry
Jakarta (ANTARA News) - Chief Economic Minister Hatta Rajasa asked the Indonesian Chamber of Commerce and Industry (Kadin) to help revitalize the manufacturing industry in the country."I hope that we can work together to revitalize the country`s manufacturing industries," the minister...
Wed, 29 Sep 2010
Fiber Optic Network Installation Hindered
TEMPO Interactive, Bandung:The Minister of Communication and Information Technology has said that fiber optic installation faces administrative problems, especially since a letter from the Department of Home Affairs demanding to stop the project temporarily has been issued.
Wed, 29 Sep 2010
Indonesia Key to DBS Plan to Expand in Southeast Asia
Singapore’s DBS Group, one of Asia’s largest financial services providers, is planning to ramp up its business in Indonesia and the rest of Southeast Asia, its executives said on Tuesday.Though it has typically looked to home and Hong Kong as its primary sources of revenue, DBS - which operates...
Wed, 29 Sep 2010
Indonesia’s near-term risks have diminished but policy challenges remain
Jakarta, September 28, 2010 – The latest Indonesia Economic Quarterly released today by the World Bank reports that Indonesia’s economy continues to record robust growth, unlike many of the world’s major economies.
Tue, 28 Sep 2010
Infrastructure Developments Sets Its Sights on Indonesia and East Timor
HERNDON, VA, Sep 27, 2010 (MARKETWIRE via COMTEX) -- Infrastructure Developments Corp. announced today that its subsidiary, Intelspec LLC (Thailand), is expanding its presence in Indonesia and East Timor.
Tue, 28 Sep 2010
Indonesian Agency Accuses Pfizer of Monopoly Breach
JAKARTA - Indonesia's antitrust agency, KPPU, said Tuesday it has found U.S.-based Pfizer Inc., four of its units and a local firm guilty of breaching monopoly regulations on their anti-hypertensive products.
Tue, 28 Sep 2010
China’s steel company to relocate production plant to Indonesia
China’s state-owned steel company Guo Feng Iron Steel plans to relocate in the near future its production plant in Tang Shan, China, to Indonesia with a total investment of US$1 billion, a government official said on Monday evening.
Sun, 26 Sep 2010
New chairman expected to energize subzero-growth industries
Jakarta (ANTARA News) - The newly elected chairman of the Indonesian Chamber of Commerce and Industry (Kadin) should be able to energize domestic industries which have for years seen negative growth, a businessmen`s association leader said.
Sun, 26 Sep 2010
All imported goods must bear Bahasa Indonesia labels
Pontianak, W Kalimantan (ANTARA News) - All imported goods must be provided with Bahasa Indonesia labels before entering the Indonesian market, a trade official said here Saturday.Trade Ministry official Very Anggrijono said the requirement was one of the ways to prevent the free circulation of...
Sat, 25 Sep 2010
Indonesia Should Do More to Encourage Home-Grown Entrepreneurs: Experts
Jakarta. As Indonesia’s economy enjoys surging growth and makes strides to become a more featured player on the global stage, business experts say the country suffers from an alarmingly low rate of entrepreneurship.
Sat, 25 Sep 2010
E Lampung needs investors
Sukadana, Lampung (ANTARA News) - East Lampung district, Lampung province, needs investors to develop its seaweed cultivation potentials as the business was now mostly run by locals with small capital who were unable to meet market demand, a local investment official said.
Fri, 24 Sep 2010
RIM Urged to Build Servers in Indonesia
VIVAnews - In August this year, the Ministry of Communication and Information notified Research in Motion, Canada-based manufacturer of BlackBerry, to build some servers in Indonesia.The Indonesian government through the Ministry of Communication and Information is still hampered to push RIM...
Fri, 24 Sep 2010
Indonesia, Coal Heaven
VIVAnews - Indonesia is much benefited by the existence of millions of tons of mining materials such as coal, copper, gold, or lead.Mimika and West Sumbawa are places of abundant reserve of gold.Based on data of the Association of Indonesia Coal Mining, total coal production in Indonesia in 2009...
Fri, 24 Sep 2010
Tax Court to Move to Elite Business District
TEMPO Interactive, Jakarta:The Finance Minister plans to relocate the Tax Court away from the Finance Ministry complex. The Finance Ministry’s Secretary General Mulia Nasution said they are planning to move it to SCBD business area in central Jakarta.
Fri, 24 Sep 2010
Korea to Construct Bio-ethanol Plant
TEMPO Interactive, Brebes:A Korean investor plans to build a bio-ethanol plant worth US$ 500 million in Brebes, Central Java. The Brebes Regional Secretary Assistant, Muhammad Supriyono, said the request for a license to build a plant fueled from cassava was filed last August.
Fri, 24 Sep 2010
Bank Indonesia: 82 Percent of Villagers Ignorant about Savings
TEMPO Interactive, Jakarta:Bank Indonesia declared that the majority of Indonesians living in villages do not have access to banks. “Around 82 percent of the villagers do not have bank accounts,” said Adam K.
Fri, 24 Sep 2010
US companies explore investment in RI
Jakarta (ANTARA News) - Several companies of western US were set to explore cooperation and investment in Indonesia.Indonesia`s improved economic condition appeared to become a strong attraction to foreign investment to operate in the country.