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Thu, 11 Feb 2010
Indonesia to Upgrade Ports, Airports in Wake of Trade Deals
The government said on Wednesday it was planning to triple its budget for capital expenditure on state-owned seaports and airports this year to prepare for an expected increase in the flow of goods resulting from free-trade deals with China and India.It said it would spend Rp 10.3 trillion ($1.
Thu, 11 Feb 2010
Indonesia Now On the Global Investment Map, Soros Says
Billionaire investor and philanthropist George Soros praised Indonesia’s economy for successfully weathering the global financial crisis and said the country is now on the global investment radar screen.
Wed, 10 Feb 2010
South Sumatra plans own special economic zone
South Sumatra, which boasts abundant natural resources, plans to develop a special economic zone around the Tanjung Api-api port, with Coordinating Economics Minister Hatta Rajasa making a sales pitch for his own home province.
Wed, 10 Feb 2010
Non-oil/non-gas exports projected to increase 7-8.5 pct
Jakarta (ANTARA News) - The Trade Ministry has projected a 7 percent - 8.5 percent increase in the country`s non-oil/non-gas exports this year after they reached a total value of US$97.5 billion last year.
Wed, 10 Feb 2010
W Kalimantan offers CPO management Coop to Singapore
Pontianak (ANTARA News) - West Kalimantan has offered the Singapore government cooperation in crude palm oil management. "So far CPO from West Kalimantan have to pass Belawan port in Medan (North Sumatra)," the province`s governor, Cornelis, said on the sidelines of a visit by Singapore...
Wed, 10 Feb 2010
Indonesia says it’s ‘managing,’ not banning seaweed exports
Indonesia has denied a plan to ban seaweed exports, saying its growers could meet the demand from Filipino seaweed processors."A total ban is beyond what we intend to happen. What we plan to do is manage exports," Victor Nikijuluw, head of Indonesia's Ministry of Marine Affairs and...
Wed, 10 Feb 2010
Ministry revokes 1,104 import licenses on 2008 regulation
The Trade Ministry has released information saying that it has, as of the end of last year, revoked 1,104 import licenses in line with the enforcement of a 2008 ministerial regulation on imports of particular products.
Wed, 10 Feb 2010
New association aims for independent economy
A number of experts and scholars in economics and politics declared the foundation of the Indonesian Political Economy Association (AEPI) on Tuesday, aiming to help Indonesia move toward an independent economy.
Wed, 10 Feb 2010
Govt considers restricting more products in unregulated ports
The government is considering adding more categories of products, as well as extending existing categories, to a revision of a 2008 Trade Ministry regulation on imports of particular products in a bid to protect the domestic market.
Wed, 10 Feb 2010
Creative industries contribute 7.5 pct to export earnings
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said the contribution of creative industries to Indonesia`s non-oil/non- gas exports reached around 7.5 percent or Rp114.9 trillion."Creative industries contributed around 7.
Wed, 10 Feb 2010
Two foreign investors to develop goldmines in North Halmahera
Ternate (ANTARA News) - Investors from China and Australia were interested in developing the gold mine in North Halmahera regency, North Maluku.Head of the North Halmahera mining and energy agency Aser Tidore said here Monday that the Chinese investor was interested in developing the goldmine in...
Wed, 10 Feb 2010
N Sulawesi to reject Chinese cement not meeting SNI norms
Manado (ANTARA News) - Cement made in China that does not meet SNI (Indonesian National Stadard) norms will not be allowed to enter North Sulawesi province despite the Asean-China Free Trade agreement (ACFTA), a local trade official said.
Wed, 10 Feb 2010
RI sends letter to China to renegotiate ACFTA
The Indonesian government has sent a letter to China requesting a renegotiation of the ASEAN-China Free Trade Agreement [ACFTA].“Director General for International Trade Gusmardi [Bustami] sent a letter of request to renegotiate with China.
Tue, 09 Feb 2010
Indonesia Plans To Cap Palm Oil Exports By 2015
The government plans to cap crude palm oil exports at 50 percent of output by 2015 and 30 percent by 2020 in a bid to boost the downstream processing sector, Industry Minister MS Hidayat said on Monday.
Tue, 09 Feb 2010
Single Asean market a step closer
An ambitious initiative to allow cross-border trading between several south-east Asian stock exchanges took a significant step towards completion yesterday with a firm commitment to technology for the project.
Tue, 09 Feb 2010
Indonesia’s Economy Probably Expanded at Fastest Pace in a Year
Feb. 9 (Bloomberg) -- Indonesia’s economy probably expanded at the fastest pace in a year in the fourth quarter as lower interest rates and government stimulus spurred consumer spending.Asian economies from China to Vietnam are picking up speed after policy makers boosted spending and cut...
Mon, 08 Feb 2010
Bright future for biodiesel in Indonesia
As Indonesia is today the world’s largest producer of crude palm oil (CPO) - a desirable feedstock for biodiesel production - it has the potential to grow into a world biodiesel leader and a model for plantation sustainability.
Mon, 08 Feb 2010
Investment policies to ‘focus on maximizing value creation’
Senior editor Manggi Habir recently met up with Gita Wirjawan in his new position as head of the Investment Coordinating Board (BKPM) and talked about his strategy and plans going forward.Question: What is your investment strategy when you came into the BKPM?Answer: Let me answer that question by...
Mon, 08 Feb 2010
Bali's Blue Bird of Happiness Threatened with Extinction
From http://www.balidiscovery.com/messages/message.asp?Id=5801Blue Bird Taxi Responds to Illegal Operation ClaimsBlue Bird Insists their Bali Taxi Fleet Operating in Accordance with the Law.(2/7/2010) The Blue Bird Taxi Group has responded vigorously to island officials and legislators who are...
Mon, 08 Feb 2010
Bali Real Estate: Boom or Bust?
Editorial: Changes in Land Ownership Rules Now Under Consideration May Threaten Bali's Culture and Heritage.(2/2/2010) The Indonesian press has been awash with news of a promised change in property laws that, if approved, would allow foreign nationals to lease land for 75 years.
Mon, 08 Feb 2010
GDP Growth in Q4 Expected To Surprise to the Upside
Economists are predicting that fourth-quarter GDP growth will be well above Bank Indonesia’s forecast due to strong domestic consumption and a rebound in exports.A Jakarta Globe survey of economists at six local banks and research institutes found an average forecast of 5.
Mon, 08 Feb 2010
Govt to set up three SEZs for agribusiness
The government is aiming to attract less than Rp 100 trillion (US$10.6 billion) in investment through the development of three special economic zones (SEZs) producing agricultural products this year.The three zones will be located in Medan, North Sumatra, in Dumai, Riau, and in Merauke, Papua, Vice...
Mon, 08 Feb 2010
Brighter prospect for exports
The Central Bureau of Statistics (BPS) recently reported the Indonesian export performance for December 2009. This report defied a lot of expectations since the Indonesian exports in December 2009 reached US$13.33 billion, setting an all-time record.
Mon, 08 Feb 2010
East kalimantan to Launch New Power Plant
TEMPO Interactive, Jakarta: East Kalimantan will launch a new power plant which will reduce electricy deficit in the second largest city in the province, Balikpapan. East Kalimantan Governor Awang Faroek Ishak will officiate the 80 Megawatt diesel power plant in Batakan, Balikpapan, which is part...
Mon, 08 Feb 2010
RI trying to attract more Japanese investors after global crisis
Jakarta (ANTARA News) - Indonesia will in the next five years focus its ties with Japan by raising the flow of Japanese investment to Indonesia in the wake of the global economic crisis, an envoy said.The signing of the Agreement on Strategic Partnership for Peaceful and Prosperous Future in 2006...
Mon, 08 Feb 2010
Govt expects this year`s credit growth to reach 20 pct
Jakarta (ANTARA News) - The government expects the country`s credit growth to reach 20 percent this year to boost investment and exports, a minister said.Speaking to the press here on Friday, Coordinating Minister for Economic Affairs Hatta Rajasa expected all banking credits this year could be...
Sat, 06 Feb 2010
GINSI urges govt to impose import duties on Chinese products
Jakarta (ANTARA News) - The Association of Indonesian Exporters (GINSI) has reminded the government to keep imposing import duties on various Chinese products, although the ASEAN-China Free Trade Area (ACFTA) had taken effects of January 1, 2010.
Sat, 06 Feb 2010
Govt seriously tackling infrastructure problems under ACFTA
Medan, N Sumatra (ANTARA News) - The government is seriously tackling damaged roads and electricity shortages to enable local industries and SMEs to face the implications of the ASEAN-China Free Trade Area (ACFTA), a trade ministry official said.
Sat, 06 Feb 2010
Russian bizmen interested in Indonesia`s mining sector
Jakarta (ANTARA News) - Indonesian Ambassador to Russia Awaluddin Hamid said some Russian investors were interested in investing in Indonesia`s mining sector."Some Russian businessmen are interested in investing in gold and coal mining," Awaluddin said at the Foreign Affairs Ministry here...
Fri, 05 Feb 2010
Govt revokes 715 problematic bylaws
Quoting: biznewsGovt revokes 715 problematic bylawsThe government has revoked at least 715 regional bylaws which were considered to have hindered investment in Indonesia within the first 100 days of President Susilo Bambang Yudhoyono's second-term administration.
Fri, 05 Feb 2010
Indonesian eco-resorts go for wildlife wow factor
JAKARTA, Feb 5 (Reuters Life!) - While on honeymoon in Indonesia, Australian newlyweds Richard and Clair Webb decided to go somewhere truly exotic: not a luxury resort on an idyllic beach, but an eco-friendly lodge surrounded by wild orangutans.
Fri, 05 Feb 2010
Indonesia considers coal export slowdown
JAKARTA, Feb. 4 (UPI) -- Indonesia, the world's third-largest coal exporter, plans to gradually cease its coal exports to save for its future needs, says a government official.The National Energy Board, or DEN, is now putting together such a recommendation to be submitted to the government this...
Fri, 05 Feb 2010
Sail Banda projected to attract 6,000 tourists
Jakarta (ANTARA News) -The Maluku provincial administration has expressed optimism that the international marine event Sail Banda 2010 would attract around 6,000 tourists to the province."Our target is that around 5,000 up to 6,000 domestic as well as foreign tourists will come to Maluku...
Fri, 05 Feb 2010
Govt revokes 715 problematic bylaws
The government has revoked at least 715 regional bylaws which were considered to have hindered investment in Indonesia within the first 100 days of President Susilo Bambang Yudhoyono's second-term administration.
Fri, 05 Feb 2010
Industry minister to relax SNI certification procedures
Jakarta (ANTARA News) - Industry Minister MS Hidayat said he would relax the SNI standardization procedures as a means of protecting the country`s industries by conducting cooperation with private research institutions and assessment agencies.
Fri, 05 Feb 2010
Only serious investors permitted to invest in food estates
Jakarta (ANTARA News) - The government will not issue licenses to develop food estates in Merauke, Papau, to investors who will only sell the permits to others, Agriculture Minister Suswono said here on Thursday.
Fri, 05 Feb 2010
Singapore investor to invest Rp400 billion in dump site
Tangerang (ANTARA News) - A Singaporean investor will soon invest Rp400 billion in the construction of a dump site at Cipeucang, Serpong subdistrict, South Tangerang municipality, Banten province, an official said.
Fri, 05 Feb 2010
Hitachi intends to raise investment in Indonesia
Jakarta (ANTARA News) - Hitachi Asia Ltd. has an intention to expand its investment in Indonesia, Chief Executive & Chief Innovation Officer for Asia, Hitachi Ltd, Yasunori Taga, said here on Thursday.
Fri, 05 Feb 2010
SBY orders envoys to attract more foreign investment
Indonesian diplomacy should aim to attract more foreign investment to help reach economic growth of 7 percent in 2014, President Susilo Bambang Yudhoyono told around 200 Indonesian envoys.This growth level would help the country create more jobs and prosperity, Yudhoyono said when opening a...
Fri, 05 Feb 2010
President asks Indonesian diplomats to help attract investment
President Susilo Bambang Yudhoyono asked Indonesian diplomats Thursday to proactively help attract investment to the country in order to meet the Rp 2,000 trillion (US$214 billion) per year in investment funds target.
Fri, 05 Feb 2010
Race for food will get tougher, officials say
The country should get its act together and make several changes if it wants to keep feeding its people amid volatile commodity prices, climate change effects and an ever-increasing population, officials said Wednesday.
Fri, 05 Feb 2010
Indonesia on Logistics Reform Path to Greater Competitiveness
Reform actions need to be matched with greater capacity to outperform regional neighborsJakarta, January 15, 2010 – Indonesia is determined to become an important player in international trade markets, and is following through on the logistical front with a series of a positive reform measures.
Thu, 04 Feb 2010
Indonesia regards FTA strategic move to boost export, investment: official
JAKARTA, Feb. 3 (Xinhua) -- An Indonesian senior official said on Wednesday that Free Trade Agreement (FTA) is a strategic move to expand the country's export markets and a short cut to increase investment in the country amid the challenging global economic condition, local media reported here.
Thu, 04 Feb 2010
RI not ready yet to compete with Chinese products
Indonesia’s steel makers are not ready to compete with cheaper products from China, which areexpected to flood the local steel market as a result of the Association of Southeast Asian Nations (ASEAN)-China Free Trade Agreement officiated early last month, an industry source said.
Thu, 04 Feb 2010
Riau Police Intensify Patrols to Overcome Smuggling
TEMPO Interactive, Batam:Riau Islands Police Chief, Brigadier General Puji Hartanto has said that the police have six long tail boats to use especially for patrols.Even though the boats are not sophisticated, they really help the police in the eradication of smuggling.
Thu, 04 Feb 2010
Riau Police Intensify Patrols to Overcome Smuggling
TEMPO Interactive, Batam:Riau Islands Police Chief, Brigadier General Puji Hartanto has said that the police have six long tail boats to use especially for patrols.Even though the boats are not sophisticated, they really help the police in the eradication of smuggling.
Thu, 04 Feb 2010
Balikpapan to Hold an Industrial Exhibition
TEMPO Interactive, Balikpapan:The Balikpapan Chamber of Commerce and Industry (Kadin) will organize an international mining, oil and gas exhibition.The event titled “The Second Kalimantan Mining Oil and Gas Seminar” will showcase the latest mining, oil and gas industries in the world.
Thu, 04 Feb 2010
Balikpapan to Hold an Industrial Exhibition
TEMPO Interactive, Balikpapan:The Balikpapan Chamber of Commerce and Industry (Kadin) will organize an international mining, oil and gas exhibition.The event titled “The Second Kalimantan Mining Oil and Gas Seminar” will showcase the latest mining, oil and gas industries in the world.
Thu, 04 Feb 2010
FTA is strategy to expand exports, accelerate investment: Official
Jakarta (ANTARA News) - The Free Trade Area (FTA) is a strategy for expansion of exports and acceleration of investment development in the face of tighter and dynamic global competition, a senior economic official said.
Wed, 03 Feb 2010
Court to Study Request For Review Laws Managing Indonesia's Coasts
The Constitutional Court will conduct a preliminary hearing today to examine a request for a judicial review of the Coastal Zone and Small Island Management law of 2007, which traditional communities claim could threaten their economic livelihoods and the sustainable management of coastal areas.