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Tue, 03 Apr 2007
Newmont Rethinks RI
Newmont may re-evaluate Indonesian investment if exec found guilty in Buyat Bay gold trialNewmont Mining, as well as other overseas mining companies, may need to evaluate future Indonesian investment risks should Newmont executive, Richard Ness be found guilty in Buyat Bay pollution case.
Mon, 02 Apr 2007
Saratoga Investama to invest US$300 mln in oil palm plantations
Jakarta (ANTARA News/Asia Pulse) - PT Saratoga Investama Sedaya has said it will invest US$300 million to expand its oil palm plantations in Indonesia to 100,000 hectares this year.The investment will put the company, which is owned by tycoon Sandiago Uno, among the 10 largest oil palm plantation...
Mon, 02 Apr 2007
Centralizing investment licensing a bad idea
Below is a comment I left on the Jakarta Post website, in response to the above article. Section in red was deleted by JP.-----------------------Then president Megawati Soekarnoputri tried to centralize the licensing of foreign and domestic investment in the Investment Coordinating Board (BKPM) in...
Mon, 02 Apr 2007
Centralizing investment licensing a bad idea
Then president Megawati Soekarnoputri tried to centralize the licensing of foreign and domestic investment in the Investment Coordinating Board (BKPM) in 2004, but failed because of the strong bureaucratic jealousy between government institutions.
Mon, 02 Apr 2007
Investment law not enough: Businesses
Despite the enactment of the Investment Law last week, business players continue to reserve their enthusiasm, maintaining that it is far from enough to improve the country's investment climate."The new law gives legal certainty for business, especially on the land-use rights issue.
Mon, 02 Apr 2007
Do Indonesian companies really need foreign help
"Do not copy U.S. management texts. Write your own. Put advice in the context of Indonesian case studies. Local solutions can only come out of local cases." David Schrieber, consultant.Schrieber, a former University of Wisconsin (U.S.
Mon, 02 Apr 2007
Bakrie revenue up thanks to telecom surge
Widely diversified Bakrie and Brothers reported a nearly 60 percent increase in consolidated net revenue in 2006, largely on the back of gains in the business group's telecommunications and infrastructure businesses.The company's total net revenue rose to 4.33 trillion (US$481.
Mon, 02 Apr 2007
Bill Ends Govt. Railway Monopoly
The House of Representatives on Tuesday (27/3/07) approved the railway transportation bill, allowing the private sector to take part in the rail industry.All 10 factions of the House supported the bill in a plenary session in an effort to reform the public transportation system in the country,...
Mon, 02 Apr 2007
Germany's Metro Plans to Enter Retail
Europe's largest retail company, Metro AG, is planning to set up a network of 20 wholesale markets in Indonesia with an investment of 500 million euro ($666.2 million), a newspaper reported on Thursday (29/3/07).
Mon, 02 Apr 2007
FDI Up 15% in 1Q: BKPM
Actual foreign direct investments into Indonesia rose 15% on year to around $3 billion in the first quarter, preliminary figures issued Friday by the Investment Coordinating Board (BKPM) indicated, according to Dow Jones Newswires.
Mon, 02 Apr 2007
Investment Law Passed
The House of Representatives on Thursday (29/3/07) passed the long-awaited investment law designed to provide various incentives for both local and foreign investors.Among the incentives are exemptions or reductions of income tax, import duties and value-added taxes; accelerated accounting of asset...
Mon, 02 Apr 2007
Government Looks to Higher Growth
The government will set the growth target for the economy in 2008 at between 6.6% and 6.8%, higher than this year's state-budget target of 6.3%, Coordinating Minister for Economic Affairs Boediono said on Monday (26/3/07), ahead of the passage of new investment legislation.
Sun, 01 Apr 2007
India`s Tata Power in $1.1 bln Indonesian coal purchase
New Delhi (ANTARA News) - India's Tata Power said Saturday it is buying 30 percent stakes in two Indonesian coal producers for 1.1 billion dollars, giving it access to one of the world's largest exporting thermal coal mines.
Sun, 01 Apr 2007
Jani and the Bees
THE SWEET TASTE OF SUCCESS © Duncan Graham 2007The quotes and comments in this story could not have been published during Soeharto's New Order era. That's because they would have offended SARA – the government prohibition on discussing issues of religion, race and ethnic relations.
Fri, 30 Mar 2007
Investment bill passed by House
The House of Representatives finally endorsed the long awaited Investment Law on Thursday amid a walk-out by legislators of one of the main political parties, and noisy protests from non-governmental organizations.
Fri, 30 Mar 2007
Hutchinson Launches 3G Service
TEMPO Interactive, Jakarta: PT Hutchinson CP Telecom Indonesia launched third generation-based (3G) cellular telecommunication service yesterday (29/3). In the first stage, the service called '3' will be available commercially in 67 cities in Java.Hutchinson Telecommunication International Ltd.
Fri, 30 Mar 2007
Norway Asks Indonesia to Apply Definitive Tax System
TEMPO Interactive, Jakarta: Norwegian Prime Minister Jens Stoltenberg has asked Indonesia to apply a tax system that is open, stable and has legal certainty. According to him, many companies in Norway are interested in investing here: for example, an oil and gas company.
Fri, 30 Mar 2007
Two Parties Turn Down Law on Capital Investment
TEMPO Interactive, Jakarta: The House of Representatives (DPR) has yesterday (03/29) approved a Draft Bill on Capital Investment to be legalized as law. However, in the plenary session, the Indonesian Democratic Party-Struggle (PDIP) and National Awakening Party (PKB) Factions rejected the decision.
Fri, 30 Mar 2007
Deliberation of tax bills deadlocked again
Coordinating Minister for the Economy Boediono said Thursday he was upbeat that a much-awaited new package of tax legislation could be passed into law this year, despite the prolonged debate."We're optimistic (that the deliberations can be completed this year), as this is necessary for all our...
Fri, 30 Mar 2007
Qatar Airways expected to bring more foreign tourists to Bali
With the launch of direct flight from Doha to Bali's provincial capital, Denpasar, last week, Qatar Airways is expected to help bring more tourists from the Middle East and Europe to the resort island.Speaking Thursday to reporters at a media gathering at the Ritz Carlton hotel in Jimbaran Bay,...
Fri, 30 Mar 2007
Hutchison enters tight RI mobile market
Hutchison Charoen Pokphand Telecom (HCPT) Indonesia became the latest newcomer to the country's already crowded cellular communications industry after it rolled out its nationwide GSM-based services Thursday.
Fri, 30 Mar 2007
Govt to reduce number of sectors in negative investment list
Jakarta (ANTARA News) - The Indonesian government will slash the number of sectors on its negative investment list to attract more investors after the House of Representatives passed an investment bill into law on Thursday, an official said.
Fri, 30 Mar 2007
Indonesia expects investment to grow by 10 percent
Jakarta (ANTARA News) - Indonesia is expecting this year`s investment to grow like before the economic crisis reaching around 10 percent following the passage of the new investment bill into law by the House of Representatives on Thursday.
Thu, 29 Mar 2007
NGOs may seek judicial review of investment bill
A coalition of non-governmental organizations has said it will seek a judicial review if the House of Representatives passes the investment bill on Thursday.After nearly a year of deliberation, the House is set to pass into law the bill, which aims to improve the country's investment climate by...
Thu, 29 Mar 2007
Slower-than-expected economic growth in 2007? Think again
Recent statements made by high-ranking Indonesian officials suggest that the Indonesian economy may not grow as briskly as expected. A deeper analysis, however, suggests that the country's growth momentum remains intact.
Thu, 29 Mar 2007
Shell Indonesia expands Jakarta retail locations
The local arm of Royal Dutch Shell Plc. opened a new gas station in Jakarta on Wednesday, which should further intensify the competition in the country's retail gasoline industry.The new Shell Indonesia station, located on Jl. Yos Soedarso in North Jakarta, is its seventh outlet in the country.
Thu, 29 Mar 2007
Japan funds infrastructure
Japan, Indonesia's largest donor country, has agreed to provide Jakarta with US$847.2 million in soft loans to help finance nine infrastructure and social projects in the country.The terms of the loans vary among the nine projects, with annual interest rates ranging from 0.4 to 1.
Thu, 29 Mar 2007
Warnets Reject Microsoft MoU
TEMPO Interactive, Jakarta: Internet kiosk, or Warnet entrepreneurs have objected to continue the computer legalization agreement with Microsoft.The “Microsoft software rental agreement” (MSRA) has been going on for a year.
Thu, 29 Mar 2007
Draft Bill on Taxes Only to be Completed in May
TEMPO Interactive, Jakarta: It is certain that the legalization of Draft Bill on General Provisions and Guidelines of Taxes (Draft Bill on Taxes) into law will be delayed.“The Draft Bill on Taxes cannot be completed in March.
Thu, 29 Mar 2007
Pro-National Ship Regulation to be Completed in June
TEMPO Interactive, Jakarta: The government is targeting that the regulation on national ship empowerment will be completed in June 2007.The regulation is aimed at backing up Presidential Instruction Number 5/2005 on the empowerment of National Shipping Industry which was been enacted two years ago.
Wed, 28 Mar 2007
Capital Investment Draft Bill Pro-Foreign Investors
TEMPO Interactive, Jakarta: The government has confirmed that the Draft Bill on Capital Investment, which the Trade and Industry Commission of the House of Representatives (DPR) has approved, does not differentiate between local and foreign investors.
Wed, 28 Mar 2007
ADB: Indonesia's Economic Development Continues Improving
TEMPO Interactive, Jakarta: Indonesia’s economic improvement in 2007-2008 will continue rising.This optimism has been stated by the Country Director of Asia Development Bank (ADB) Edgar A. Chua.According to ADB's predictions, the growth in Indonesia's economy this year is estimated to reach six...
Wed, 28 Mar 2007
Pertamina Acknowledges LPG Scarcity
TEMPO Interactive, Jakarta: PT Pertamina has acknowledged that there is a scarcity of Liquefied Petroleum Gas (LPG) in several regions in Indonesia.Toharso, Pertamina’s spokesperson, said that the shortage of LPG supplies was because Processing Refinery Unit V in Balikpapan was carrying out...
Wed, 28 Mar 2007
Bill ends government railway monopoly
Under the spotlight of a massive rally in front of the State Palace, the House of Representatives approved Tuesday the rail transportation bill, allowing the private sector to take part in the rail industry.
Wed, 28 Mar 2007
Politics of corruption in Indonesia
JAKARTA - Indonesia's politics of corruption has always been murky, with untold billions of dollars spirited from state coffers into politicians' personal accounts during strongman Suharto's 32-year tenure.
Tue, 27 Mar 2007
House Approves Investment Bill
TEMPO Interactive, Jakarta: Despite being opposed by many groups, the House Commerce and Industry Commission approved the Investment Draft Bill to be passed into a Decree. According to several parliament members, the bill still contains many weaknesses.
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
I never said they were small --- The point i am trying to make is they are not set up to be commercially viable. They have more chance of being profitable if they stick to the local market, Singapore, Malaysia routes.
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
Garuda it's not a small company. why in your opinion they should stick to the local market? please read again the topic.
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
How is that an insult Ella?? The simple fact is the International airline industry has over the past few years cut staffing levels by thousands in order to compete. Garuda is still a government company and therefore will never cut staffing levels.
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
I can't see garuda competing in the international market these days .... They are still run by a bunch of "government people" who don't posses the commercial skills needed to become a trusted airline. They have lost too many routes and Indonesia's safety record will make people think twice before...
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
loh kok postingnya pindah?? tadi kan nggak disini hahahaha............!!
Tue, 27 Mar 2007
Garuda to buy new Boeing aircraft
Flag carrier Garuda Indonesia says it will purchase 25 new Boeing 737-800 aircraft as part of its long-term business plan to upgrade its aging fleet and return the airline to profitability.Garuda Indonesia president director Emirsyah Satar said in Jakarta on Monday the first Boeing planes would be...
Tue, 27 Mar 2007
Govt told to get out of banking
Indonesia's banking sector must improve its risk management capabilities to avoid a repeat of the 1997 economic crisis, a former Australian prime minister and treasurer says.Paul Keating said giving up government ownership in commercial banks, developing more sustainable lending markets fitted to...
Tue, 27 Mar 2007
Minister: East Asia forum not to discuss new membership
Jakarta (ANTARA News) - Foreign Minister Hassan Wirajuda said here on Monday the East Asia Forum would not discuss new membership, but would rather focus on internal consolidation."In the past two meetings the number of participants remained unchanged at 16 countries - 10 from the Association of...
Tue, 27 Mar 2007
Firm launches top 10 guide to RI banking
Independent research and advisory firm Financial Insights, an IDC company, announced Monday a set of guidelines for banks and service providers that want to take advantage of the strong growth prospects in Indonesia's banking sector.
Tue, 27 Mar 2007
KTB launches new truck models to increase sluggish sales
PT Krama Yudha Tiga Berlian Motors (KTB), manufacturer of the country's leading commercial vehicle, the Mitsubishi Colt Diesel truck, has launched eight new product series. The company aims to boost vehicle sales to 48,000 this year from 40,000 last year.
Tue, 27 Mar 2007
Bankers summit showcases RI progress
Having gone through years of slow, painful and costly recovery since the 1997-1998 monetary crisis, the country's banking sector is now ready to take the lead in supporting economic growth, Bank Indonesia Governor Burhanuddin Abdullah said Monday.
Tue, 27 Mar 2007
Sampoerna Acquires Marlboro License
TEMPO Interactive, Jakarta: PT Hanjaya Mandala Sampoerna Tbk. has acquired the license from PT Philip Morris Products SA to produce Marlboro Filter and Marlboro Mix 9 cigarettes.“The license was the permission to produce and/or market Philip Morris cigarette products directly or indirectly in...
Tue, 27 Mar 2007
Cocoa Exports to Exceed US$1 Billion
TEMPO Interactive, Jakarta: Cocoa producers have stated that the value of exports this year is estimated to reach US$950 million.Head of the Indonesian Cocoa Association Halim Abdul Razak said that the growth of export this year will be between 20 percent and 30 percent.