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Found 246,918 articles

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...

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.

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.

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.

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...

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.

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.

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.

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.

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...

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...

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.

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...

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.

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...

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.

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.

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.

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.

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...

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.

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.

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.

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.

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.

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.

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...

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.

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.

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.

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.

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.

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...

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.

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.

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...

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...

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.

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...

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.

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.

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.

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...

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...

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.

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.

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.

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.

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...

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.