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Mon, 07 Apr 2008
Indonesian society still permissive toward corrupt acts
Medan (ANTARA News) - In the view of the Corruption Eradication Commission (KPK), Indonesian society is still permissive in its attidude toward corruption cases happening in the national capital and the regions, a KPK official said."Our people are still permissive.
Mon, 07 Apr 2008
Tax revenue soars on back of higher corporate income
The Ministry of Finance's Directorate General of Taxation announced Friday a 42.7 percent jump in tax revenue during the first quarter of 2008 on the back of strong corporate sector income growth and a vibrant economy.Tax revenue from the non-oil and gas sector rose to Rp 113.53 trillion (US$12.
Mon, 07 Apr 2008
Govt to activate aging fields under new regulation
Novia D.Rulistia, The Jakarta Post, Jakarta To optimize the country's crude oil production, the government will activate 5,000 aging fields under the newly issued 2008 Minister Regulation, says an official.
Mon, 07 Apr 2008
Indonesia planning to export rice
"Coordinating Minister for People's Welfare Aburizal Bakrie" .. Not sure if it makes me laugh or cry every time i see this. Indonesia's wealthiest man in charge of peoples welfare! Give me a fucking break ..
Sun, 06 Apr 2008
Indonesia planning to export rice
Stupidest and most selfish thing the Govt could decide to do, I guess it does open the window for the competing campaigning parties to compete with each other to see who can give away the most rice for the most votes next year..........
Sun, 06 Apr 2008
Indonesia planning to export rice
Originally Posted By: KuKuKaChu 58.26 million tons of unhulled rice, Looks like we're back to Lambert's morning Soto Ayam again.
Sat, 05 Apr 2008
Indonesia planning to export rice
Jakarta (ANTARA News) - Indonesia which experienced frequent rice shortages in the past several years is planning to export the commodity on account of an expected production surplus this year."I agree to any policy to export rice.
Sat, 05 Apr 2008
Three companies to develop sago plantations in Riau, West Papua
Jakarta (ANTARA News) - Three domestic companies are ready to develop sago plantations in Riau and West Papua Provinces to meet demand for raw materials to make bioethanol as alternative energy, an Agriculture Ministry official said.
Fri, 04 Apr 2008
Indonesian bizmen to set up "Indonesia Street" in Shanghai
Personally I hope it does turn out to be Sesame Street and Mickey Mouse all rolled up in 1 but considering the products they are pushing I doubt. With the Middle Class Chinese just coming of age in the next 5 to 10 years and with this Indonesia Street pushing Indonesian Furniture and Handicrafts...
Fri, 04 Apr 2008
Kimia Farma to build US$100 million plant
Quote:Aside from producing branded and essential generic medicine, the company is also authorized to produce narcotics.Which of their outlets can these additional items be purchased from?
Thu, 03 Apr 2008
CPO exports drops 34.85% in February: BPS
Exports of edible oil and fat products, consisting almost entirely of crude palm oil (CPO) and its derivatives, dropped by 34.85 percent to US$1 billion in February, down from $1.6 billion in January.The BPS provided no explanation for the sharp decrease, but the drop was expected because the...
Thu, 03 Apr 2008
Kimia Farma to build US$100 million plant
Publicly listed state pharmaceutical company PT Kimia Farma plans to build a US$100 million plant this year to help reduce its dependency on imported raw materials.President director Sjamsul Arifin said Wednesday that 98 percent of the company's raw materials were still imported.
Thu, 03 Apr 2008
Textile export target set at $11.8b
The Jakarta Post, Jakarta The government has set a record textile exports target for 2009 of $US11.8 billion, achievable because of industry restructuring, industry minister says.Minister of Industry Faahmi Idris said Wednesday the textile industry was one of the government's priorities, which...
Thu, 03 Apr 2008
Economic growth fails to spur employment: ADB
Aditya Suharmoko, The Jakarta Post, JakartaThe Asian Development Bank has warned Indonesia a large part of its population is still vulnerable to shocks from staple foods inflation, as nearly half its citizens still live on less than US$2 a day.
Thu, 03 Apr 2008
ADB cuts Indonesia 2008 growth forecast to 6.0 pct due to global slowdown
Jakarta (ANTARA News) - The Asian Development Bank (ADB) on Wednesday lowered its forecast for 2008 economic growth in Indonesia to 6.0 percent from 6.4 percent due to slowing exports amid a global economic slowdown.
Thu, 03 Apr 2008
Singaporean investor to build cacao processing plant in Palu
Palu, C Sulawesi (ANTARA News) - A Singaporean company is interested in investing in Central Sulawesi by building a cacao processing plant in Palu, a local official said.The investor from the city-state would come to Palu on Thursday (April 3) to further discuss his interest in setting up a cacao...
Thu, 03 Apr 2008
Indonesian bizmen to set up "Indonesia Street" in Shanghai
Beijing (ANTARA News) - A number of Indonesian businesspeople are to set up an "Indonesia Street" in Shanghai, China, as a means to promote and increase sales of furniture and handicraft products from the archipelagic country, a diplomat said.
Thu, 03 Apr 2008
National economy still under control, president
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has expressed hope that the people and all concerned parties in the country would remain calm in the face of the current world economic turbulences that were affecting the national economy.
Thu, 03 Apr 2008
Q1 economic growth in 2008 to drop below 6 pct : BI
Jakarta (ANTARA News) - Senior Bank Indonesia (BI) Deputy Governor Miranda S Goeltom said the Indonesian economy would grow at a rate of less than six percent in the first quarter of this year."Initially, we projected that the economy in the first semester of this year would grow at 6.05 percent.
Tue, 01 Apr 2008
Indonesia`s March CPI up 8.17 pct from year earlier, more than forecast
Jakarta (ANTARA News) - Indonesia's consumer price index (CPI) in March rose 0.95 percent from February and was up 8.17 percent from a year ago led by food prices, an official said Tuesday.The rise in the CPI was bigger than analysts had expected.
Tue, 01 Apr 2008
East Asia faces "testing times in 2008"
Singapore (ANTARA News/Dpa) - Rising food and fuel prices are presenting East Asia with "testing times in 2008," the World Bank warned on Tuesday.Growth for developing countries was forecast at 8.5 per cent compared with 10.
Tue, 01 Apr 2008
Indonesian trade surplus drops to $2.71 bln in Feb. as exports shrink
Jakarta (ANTARA News) - Indonesia's trade surplus dropped to $2.71 billion in February from $3.48 billion in January as exports fell from their all-time high, Central Bureau of Statistics deputy head Ali Rosidi saidExports dropped to $10.53 billion dollars in February, 4.
Tue, 01 Apr 2008
House reassures investors on land use rights
Responding to the Constitutional Court amendment of Article 22 of the Investment Law, the House of Representatives and the Investment Coordinating Board (BKPM) said Monday the de facto duration for property rights would remain unchanged.
Tue, 01 Apr 2008
Most corrupt institutions
Most corrupt institutionsThe findings of an integrity survey conducted by the Corruption Eradication Commission (KPK) in 30 public institutions and state companies providing public services between last August and October in Greater Jakarta simply validated the international perception of...
Tue, 01 Apr 2008
Property developer almost doubles profit
Publicly listed property developer PT Bakrieland Development booked a 98.5 percent increase in audited net profit last year due to robust sales.Bakrieland posted a net profit of Rp 134.2 billion (around US$14.5 million) in 2007, from Rp 67.
Tue, 01 Apr 2008
SBY says no to higher infrastructure budget
Novia D. Rulistia, The Jakarta Post, Jakarta Despite the pleas of business players, the government is unlikely to increase spending for infrastructure development, with the President insisting on securing the state budget in the midst of global price inflation.
Tue, 01 Apr 2008
Inco to spend $212M this year
Publicly listed nickel producer PT International Nickel Indonesia (Inco) said it will spend around $212 million this year, Asia Pulse reported Friday (28/3/08).Inco president Arif S. Siregar said $60 million of the expenditure will be for project construction, $70 million for routine expenditure,...
Tue, 01 Apr 2008
Semen Gresik posts 2007 net profit of $196M
Cement maker PT Semen Gresik said its net profit in 2007 rose 37.04% to Rp1.8 trillion ($196 million) from a year earlier on higher demand for its product, Asia Pulse reported Tuesday (25/3/08).Sales rose 10% to Rp9.601 trillion, PT Semen Gresik president director Dwi Soetjipto said.
Tue, 01 Apr 2008
Govt. to name ports allowed to serve foreign ships
The Transport Ministry will name 25 ports this week which will be allowed to serve ships engaged in international shipping, reducing the number from 141 at present, Asia Pulse reported Tuesday (25/3/08).
Tue, 01 Apr 2008
KS Oils buys 20,000-hectare plantation
India's KS Oils Ltd said on Wednesday (26/3/08) it has acquired 20,000 hectares of palm plantation in Indonesia, where it will invest 2.3 billion rupees ($57.5 million) over a period of three years, Reuters reported.The plantation will yield 80,000 metric tonnes annually, a statement said.
Tue, 01 Apr 2008
Saipem may spend $390M on Karimun port
Saipem SpA may spend $390 million to build a port on Karimun Island, says Kontan newspaper, citing Karimun regional secretary Taufiq Ilyas, Bloomberg reported Thursday (27/3/08).The Indonesian unit of the oil-drilling services company plans to sign an agreement on April 3 with the Karimun...
Tue, 01 Apr 2008
Budget deficit to be set at 2.1%
A parliamentary committee and the government agreed to raise the budget deficit target to 2.1% of GDP from 1.7% due to soaring fuel subsidies, according to a committee member, while spending on fuel subsidies may have to nearly triple to around Rp130 trillion ($14.
Mon, 31 Mar 2008
Threat of Carbon Emission Sales Agreement with Singapore Being Canceled
Monday, 31 March, 2008 | 16:59 WIBTEMPO Interactive, Jakarta: There is a threat that the agreement for the sale of carbon emissions with several Singaporean companies in the chocolate farming in West Papua will be canceled.
Mon, 31 Mar 2008
Indonesia feels the pinch as oil, commodity prices surge
Last week I paid IDR 8450 per liter for Shell Super Extra, damn that is as much as the boneheads in the States are paying and I have always paid less than they have. Wife is paying IDR 8250 for Shell Diesel.......
Mon, 31 Mar 2008
Metro supermarket close after five-year decline
Originally Posted By: KuKuKaChu"The supermarket business has been really slow in the last five years due to a decrease in the number of consumers," MTSM director Arief Amin said in a report to the Indonesia Stock Exchange on Friday.
Mon, 31 Mar 2008
Kadin calls for food sustainability measures
The Indonesian Chamber of Commerce and Industry (Kadin) held its first-ever National Food Coordination meeting on Saturday, aiming to formulate recommendations for the government to improve food security amid rising global food prices.
Mon, 31 Mar 2008
Metro supermarket close after five-year decline
PT Metro Supermarket Realty Tbk (MTSM) has closed down its trading business due to a steady decline in customers over the last five years, a company official said Saturday."The supermarket business has been really slow in the last five years due to a decrease in the number of consumers," MTSM...
Mon, 31 Mar 2008
Indonesia feels the pinch as oil, commodity prices surge
Jakarta (ANTARA News) - With prices for key commodities at record highs, Indonesia -- Southeast Asia's biggest economy and a key exporter -- should, at first glance, be enjoying good times.But with high oil prices leading to a government fuel subsidy blowout and rising food prices hitting the poor,...
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
Originally Posted By: KuKuKaChui was thinking of pasturing dairy goats in the paddock between jaksa and sabang.That paddock, once a communal dump and makeshift vegetable garden/park - is now being developed into something distinctly non-paddock like, no?
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
Originally Posted By: Dilli Quote:i am thinking that this could be a good time to start investing in agricultural landIn Jaksa? What grows there apart from ignorance, pestilence and doom? i was thinking of pasturing dairy goats in the paddock between jaksa and sabang.
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
Quote:i am thinking that this could be a good time to start investing in agricultural landIn Jaksa? What grows there apart from ignorance, pestilence and doom?
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
of course, the looming world grain crisis is good news for countries like australia. if they can overcome the effects of global warming.i am thinking that this could be a good time to start investing in agricultural land.
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
If the thought of food shortages (and unaffordability of food) had crossed the "powers that be" minds instead of dollars crossing their palms maybe they would reconsider the currents thoughts on exporting rice and rather keep the precious grain here for their own people at an affordable price.......
Sun, 30 Mar 2008
Indonesia`s food security program facing challenges, minister
Jakarta (ANTARA News) - The government`s food security program is facing various challenges, including the shrinkage of farm land due to development of residential areas, a minister said."This is a logical consequence of population growth which requires housing as one of the basic needs,"...
Sat, 29 Mar 2008
President warns employers against lay-offs
Originally Posted By: chewwyUK"The President urged businesspeople to instead open up dialogues to solve workplace disputes.Yudhoyono said he was concerned about news reports of companies dismissing their employees.
Sat, 29 Mar 2008
An Island Over-Saturated by Development
Former Minister of Tourism Ardika Calls for a Stock-Taking Between Business and Tourism Interests to Keep Bali Sustainable.Bali News: An Island Over-Saturated by Development(3/29/2008) Indonesia's former Minister of Tourism, Gde Ardika, is quoted by Tempo Interaktif as saying that Bali's tourism...