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Fri, 24 Sep 2010
Business world asked to glance at business potential from GDP
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has asked business world to glance at business potential from gross domestic product (GDP) rather than from the state budget only.Speaking at a function to open the 6th national conference of Indonesian Chamber of Commerce and Industry...
Thu, 23 Sep 2010
Australia’s Exergen Plans to Turn Bad Coal Into Good With Indonesian Plant
In response to growing demand for high-quality coal, Australia’s Exergen has made plans to open a facility in Indonesia that could produce up to 12 million metric tons of high-quality coal annually from poor-grade local material.
Thu, 23 Sep 2010
Manufacturing industry in Indonesia declining : minister
Gorontalo, (ANTARA News) - Maritime Affairs and Fisheries Minister Fadel Muhammad said the manufacturing industry in Indonesia was declining from year to year."In 2008, this sector contributed 27.9 percent to the national economy but in 2009 its contribution dropped to 26.
Thu, 23 Sep 2010
Bali`s tuna production earns US$53 million in forex
Denpasar (ANTARA News) - Bali`s tuna production had been increasing despite bad weather, head of export division of the Bali Trade and Industry Agency Putu Bagiada said here on Wednesday.He said Bali`s tuna exports in the January-July 2010 period reached US$53.
Thu, 23 Sep 2010
Foreign investment in RI comparatively still low
Jakarta (ANTARA News) - Foreign investment made in the country`s domestic market is still smaller compared with that in other Asian countries like Vietnam and Thailand, an observer said.Stock market analyst Dwi Setiawan said here on Wednesday that the small investment was due to the fact that the...
Thu, 23 Sep 2010
RI, Thailand to step up trade, investment
Jakarta (ANTARA News) - Indonesia and Thailand are to step up their bilateral trade and investment relations as the business climate and opportunities in both countries are fast improving, Thailand`s chief diplomat here said.
Thu, 23 Sep 2010
France biggest European importer of Balinese handicrafts
Denpasar, Bali (ANTARA News) - France was Europe`s biggest importer of handicrafts and non-oil/non-gas commodities from Bali in the January-July period in 2010 with the imports reaching a total value of 30.1 million US dollars, a local trade official said.
Thu, 23 Sep 2010
StratoComm starts Indonesian company
StratoComm Corp., a telecommunications products developer in Albany, New York, is moving into the Asian market and will form a joint company with SIMS, an Indonesia-based broadband services provider.StratoComm sells telecommunications equipment and services to primarily developing countries.
Thu, 23 Sep 2010
Indonesia to create best financial management system in ASEAN: minister
JAKARTA (Xinhua) - Indonesia intends to create the best financial management system in the Association of Southeast Asia Nations (ASEAN) ahead of the realization of ASEAN Community by 2015, a minister said here on Wednesday.
Tue, 21 Sep 2010
Nissan Sees Indonesia as Possible Export Base
Nissan, Japan’s third-largest automaker, believes Indonesia has the potential to become an export base as the company moves production from Japan to counter a strong yen.Nissan is investing more than $20 million at a plant in Indonesia to double capacity in the country to 100,000 vehicles a year...
Tue, 21 Sep 2010
Japan and Indonesia share an intimate bond
At the foot of the Argopuro mountain range in Indonesia, construction has started on a $1.2bn thermal power plant that will supply electricity to some of the most densely populated islands on Earth. PT Paiton Energy, partly owned by Mitsui & Co and the Tokyo Electric Power Company, is building...
Tue, 21 Sep 2010
Indonesian Trade Ministry Raises Export Target
Jakarta. After seeing non-oil-and-gas exports surge over the first seven months of the year, the Trade Ministry on Friday announced it was retargeting growth for the sector, placing it at between 16 and 18 percent for the year, well above February estimates of 7 to 8.5 percent.
Tue, 21 Sep 2010
Booming Demand in Indonesia for Serviced Offices
Jakarta. Jakarta’s serviced-office market is booming as more foreign companies enter Indonesia, attracting companies eager to invest in the sector.While still only a fraction of the market, the number of serviced offices on the market in central Jakarta has risen 50 percent in the past year and...
Tue, 21 Sep 2010
Investors most Interested in Food and Transportation Industries
TEMPO Interactive, Jakarta:Most investments in Indonesia are in transportation, service, food and beverages, machine industry and chemical industries.The Investment Coordinating Board records an investment of Rp6.164 trillion in the second quarter.This is the highest compared to other sectors.
Sun, 19 Sep 2010
Caterpillar wants to build US$500 mln plant in Indonesia
Jakarta (ANTARA News/Asia Pulse) - US heavy equipment maker Caterpillar Inc. wants to build a heavy equipment factory in Java with an investment of up to US$500 million, an Indonesian official said.It would be the first heavy equipment manufacturer in the country, Gita Wirjawan, head of the Capital...
Sun, 19 Sep 2010
BI: rupiah`s exchange rate still competitive
Jakarta (ANTARA News) - Bank Indonesia (BI) Governor Darmin Nasution said here on Friday that the present rupiah exchange rate was still competitive for the national economy compared to those of the currencies of neighbouring countries.
Wed, 08 Sep 2010
Indonesia plans to form state animal husbandry company
JAKARTA, Sept. 7 (Xinhua) -- Indonesian government plans to form a state-owned animal husbandry company to help achieve beef self-sufficient, detikcom online news quoted a minister as saying on Tuesday."A state-owned animal husbandry company is very important in the future.
Wed, 08 Sep 2010
CPO Export Should Not Be Hampered: Govt
VIVAnews - The Indonesian government is alleged of issuing permit to oil palm companies having no concerns over the environment.Coordinating Minister for the Economy Hatta Rajasa insisted that the government has never granted any permit to companies which destroy the economy.
Wed, 08 Sep 2010
India’s Story Offers Indonesia Lessons on Infrastructure
Indonesia’s efforts to modernize its infrastructure have lagged India’s slow-but-steady improvements, though Jakarta’s progress could be fast-tracked in the eyes of foreign investors with passage of a politically complicated land-acquisition bill.
Wed, 08 Sep 2010
Indonesian Government Plans New Tax Incentives to Lure Investors
Jakarta. The government plans to expand a tax incentives program for foreign investors to include additional downstream and “pioneering” sectors, as well as offer sweeteners for companies that invest more than $1 billion and create a certain number of jobs, the country’s investment chief said...
Wed, 08 Sep 2010
Tata Consortium Wins Geothermal Bid in Indonesia
A consortium comprising Tata Power, Origin Energy and Supraco Indonesia has won the bid for the Sorik Marapi geothermal project in Northern Sumatra, Indonesia.The Sorik Marapi project will include the development of about 240MW of geothermal generation capacity.
Tue, 07 Sep 2010
Govt urged to focus on infrastructure development
Jakarta (ANTARA News) - The government should focus on infrastructure development to improve domestic industrial competitiveness, Indonesian Chamber of Commerce and Industry (Kadin) cairman Adi Putra Tahir has said.
Fri, 03 Sep 2010
RIM faces battle over content in Indonesia
Indonesia’s technology minister has taken his battle against pornography to the maker of BlackBerry smart phones, ordering the Canadian company to block digital content in one of its key Asian markets.
Fri, 03 Sep 2010
Indonesia Offers Infrastructure Project to French Firms
TEMPO Interactive, Jakarta: French government have expressed interest to invest in one of indonesia’s infrastucture projects promoted by the Indonesian government under the tagline “public private partnership” program that include transport, power, and clean water projects.
Thu, 02 Sep 2010
General Motors May Reopen Indonesia Plant, Asia Chief Lee Says
Sept. 2 (Bloomberg) -- General Motors Co., the largest U.S. automaker may spend $150 million to restart a plant in Indonesia that has been closed for about five years, said Tim Lee, the company’s president for international operations.
Thu, 02 Sep 2010
Is Bali overexploited?
The answer to the above question is a resounding yes. Yes, Bali is definitely, and badly, overexploited. One has only to glance at the data below to be convinced that this is the current state of affairs there:Bali last year had 5.
Thu, 02 Sep 2010
Spend-Mad Indonesians Don’t Save Enough, Survey Says
Jakarta. Indonesian consumers, who are fueling the country’s powerful economy, are spending too much and not saving enough, according to a Citibank survey released on Wednesday.Citibank concluded that workers were not saving enough of their salaries to provide for themselves if they lost their...
Thu, 02 Sep 2010
Indonesia to Build Largest Nitrate Factory
VIVAnews - Indonesia next year will build a factory of Ammonium Nitrate Prill Plant having the largest capacity in the globe.Ammonium Nitrate Prill Plant Project Manager, Gito Waluyo, said the factory development has completed by 50 percent.
Thu, 02 Sep 2010
Electricity Rate to Rise Four Years in A Row
VIVAnews - The Indonesian government will be increasing the electricity tariff within the next four years as an attempt to reduce the amount of subsidy being disbursed to the electricity sector.Finance Minister Agus Martowardojo said the rise will also be applied to fertilizer and fuel.
Thu, 02 Sep 2010
Number of Internet users in Indonesia increases rapidly
JAKARTA, Sept. 1 (Xinhua) -- The increase of Internet users in Indonesia triggers growth of technology companies as the users need Asymmetric Digital Subscriber Line (ADSL), 3G, computers and wireless equipments to access Internet, an official told Xinhua in exclusive interview on Wednesday.
Thu, 02 Sep 2010
RI's imports up 7.32 pct in July
Jakarta (ANTARA News) - Indonesia`s imports in July reached US$12.62 billion, up 7.32 percent from a month earlier, helped chiefly by a rise in non-oil/non-gas imports, the Central Statistics Agency (BPS) said.Non-oil/non-gas imports rose 12.2 percent to US$10.
Thu, 02 Sep 2010
China largest supplier of non-oil imported products
Jakarta (ANTARA News) - China was the largest supplier of non-oil/gas imported products to Indonesia in July, the Central Bureau of Statistics (BPS) said."The biggest non-oil/gas imports are from China worth US$1.92 billion or 18.
Tue, 31 Aug 2010
South Korean Tire Firm Eyes $1.2 Billion Indonesia Plant: Report
Jakarta. South Korea’s biggest tire producer Hankook Tire plans to invest 1.2 billion dollars to build a manufacturing plant in Indonesia, a report said Thursday.The Seoul-based company aims to start construction at the end of the year and produce 15 million tyres annually, Indonesia Investment...
Tue, 31 Aug 2010
Retailers Looking Forward to Bumper Holiday Spending
Jakarta. With a little help from seasonal spending around the Idul Fitri holiday, nationwide retail sales were expected to surge by about 18 percent this year, the Association of Indonesian Retailers said on Monday.
Tue, 31 Aug 2010
Govt speeds up building Cikarang-Priok railroad track
Jakarta (ANTARA News) - The government is speeding up the construction of the railroad track between Tanjung Priok port and Cikarang Dry Port integrated customs area (KPPT) to smoothen the dispatch of goods, and raise productivity and industrial capacity.
Tue, 31 Aug 2010
RI, Turkey agree to form infrastructure fund
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono on Monday received a Turkish delegation who came to confirm their country`s commitment to form infrastructure fund with Indonesia.At the meeting with the delegation led by Turkish Ambassador to Indonesia Aydin Evirgen, the President...
Tue, 31 Aug 2010
Bali-China foreign trade suffers a deficit
Denpasar, Bali (ANTARA News) - Bali`s foreign trade of goods, handicrafts and non-oil and gas to China including Hong Kong in early 2010 was a deficit about 1 million US dollars.The head of Bank Indonesia Denpasar chapter Jeffrey Kairupan said in the Bali regional economic report on Monday that the...
Tue, 31 Aug 2010
Govt to invite investors to manage Jakarta's international airport
From VivaAir Asia Eyeing Halim AirportVIVAnews - The Ministry of State-owned Enterprises (SOEs) acknowledged that Malaysia-based airline Air Asia states its interest to patch up an airport in Indonesia. One of the targets is Halim Perdanakusumah Airport.
Tue, 31 Aug 2010
Govt to invite investors to manage Jakarta's international airport
Jakarta (ANTARA News) - The government is planning to invite a number of foreign investors to manage service facilities at Jakarta city`s Soekarno-Hatta airport, a minister said."We will invite interested investors to serve as partners to manage the airport," State Enterprises Minister...
Tue, 31 Aug 2010
CJ Cheiljedang to spend us$300 mln on lysine plant Indonesia
Seoul (ANTARA News/Yonhap/OANA) - CJ CheilJedang Corp., South Korea`s biggest food company, said Monday that it will spend US$300 million to build a lysine plant in the eastern part of the island of Java, Indonesia.Earlier in the day, CJ CheilJedang broke ground on the plant in Jombang.
Mon, 30 Aug 2010
With First Phase Nearly Done, Boost Expected From Port Rail
Jakarta. The first phase of construction on a much-needed railway connecting Tanjung Priok Port with the country’s largest manufacturing park could be completed within three months, the coordinating minister for the economy, Hatta Rajasa, said on Saturday.
Mon, 30 Aug 2010
RI`s electricity basic tariff rate highest in ASEAN
Jakarta (ANTARA News) - Electricity basic tariff rate (TDL) in Indonesia is the highest among ASEAN countries, Golkar Party chairman Aburizal Bakrie has said.Therefore he said Golkar strongly rejected the government`s plan to raise TDL in 2011.
Fri, 27 Aug 2010
Indonesia and Singapore: model of inter-dependence?
Indonesia is the sleeping giant of South East Asia. With a population of 288 million, a land mass the size of Mexico and territorial waters that could fill half of China, it’s an immense country and a regional power within the geopolitical organization known as ASEAN (the Association of South...
Fri, 27 Aug 2010
Draft Law to Promote Clean Energy Gathering Steam
This is a great move on behave of the energy minister, but a 5 percent tax cut over 6 years alone will not defeat the big dirty oil and coal industries. And if indonesia decides to exhaust all its remaining oil and coal, while shifting to cleaner renewables, there will still be disastrous impacts...
Fri, 27 Aug 2010
Factory Exports Near Pre-Crisis Levels: Govt
Jakarta. The value of major manufactured exports jumped dramatically in the first half of the year, and the full-year totals could equal those seen in 2008, before the global financial crisis sent the world economy into a tailspin, a senior government trade official said on Thursday.
Fri, 27 Aug 2010
RI's forex reserves rise sharply
Mataram, W Nusa Tenggara (ANTARA News) - Indonesia`s foreign exchange reserves rose significantly in recent months, suggesting that the domestic economy continued to expand at a robust pace, a central bank official said on Thursday.
Fri, 27 Aug 2010
RI's textile, textile product exports up 17.4 pct
Jakarta (ANTARA News) - Indonesia`s textile and textile product exports grew by 17.4 percent in the first semester of this year, Deputy Trade Minister Mahendra Siregar said here on Thursday.He said the country`s exports of textile and textile products reached US$4.95 billion in the period.
Thu, 26 Aug 2010
Adani to invest $1.6bn in Indonesia
Adani Group, the Indian conglomerate, has signed a preliminary agreement in Indonesia to build a railway line and coal terminal in remote southern Sumatra.The Indonesian Investment Co-ordination Board said on Wednesday that Adani would invest $1.
Thu, 26 Aug 2010
Indonesia Says Economy May Grow 6% as Demand, Investment Rise
Aug. 26 (Bloomberg) -- Indonesia’s economy may grow 6 percent this year and will probably accelerate in 2011, Trade Minister Mari Pangestu said.The pace of expansion in the third and fourth quarters should “continue to pick up” in part because disbursement from the government’s budget “is...
Thu, 26 Aug 2010
Malaysian Top Companies in Indonesia
VIVAnews - Indonesia and Malaysia are now amidst the escalating tension affecting the political relations of both countries. Malaysian Minister of Foreign Affairs is ready to issue a travel advisory for the citizens of Malaysia who are willing to visit Indonesia.