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Wed, 03 Feb 2010
Recovery in Indonesian Mining Sector Expected To Boost Sales, United Tractors Says
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year thanks to rising demand from the mining sector.“We have seen a recovery in the mining business.
Wed, 03 Feb 2010
RI becomes Toshiba production hub for Asia
Japanese electronics giant Toshiba has chosen Indonesia as the company’s regional production hub for liquid crystal display (LCD) television sets and has relocated its Vietnamese factory to Indonesia.
Wed, 03 Feb 2010
Hopes up for condo market liberalization
Property analysts expect the condominium market to benefit this year from a revision to government regulations that will allow an extension of foreign ownership from 25 years to 70 years.The expectation follows a statement from Public Housing Minister Suharso Monoarfa earlier last month, promising...
Wed, 03 Feb 2010
Ministry seek to tighten optical disc import
The Industry Ministry plans to employ tighter regulation for the import of blank optical discs and also machines, tools and ingredients needed in the discs production, a director general said Wednesday.
Wed, 03 Feb 2010
Exports expected to recover in 2010 : minister
Jakarta (ANTARA News) - Finance Minister Sir Mulynai Indrawati said there were indications that the trade sector, particularly exports, would recover along with the general economic recovery this year."The latest figures show indications of recovery in the export sector," the minister...
Wed, 03 Feb 2010
Staff: Acfta mere legalizing smuggled products from China
Jakarta (ANTARA News) - A finance minister`s expert staff, Chatib Basri, said the implementation of the Asean-China Free Trade Agreement (ACFTA) should not cause fear as what would happen is the smuggled products from China is legalized.
Wed, 03 Feb 2010
Govt told to immediately deal with Chinese products
Jakarta (ANTARA News) - Economic observer Farial Anwar said the government has been asked to immediately overcome the entry of Chinese products into Indonesia by issuing new policies, and the situation was one of the impacts of the China-Asean free trade cooperation agreement of January 1, 2010.
Wed, 03 Feb 2010
Bureaucratic Reforms to be Completed by 2025
TEMPO Interactive, Jakarta:The government has targeted bureaucratic reforms in all ministries and state departments to be completed by 2011. Meanwhile, reforms in all provincial governments are expected to be completed by 2025.
Tue, 02 Feb 2010
Tourism Industry Suffered Last Year as Visitors Spent Less and Curtailed Stays
I wonder have they considered the long-term consequences of all the scumbags trying to rip you off at every turn on return visitors?
Tue, 02 Feb 2010
Indonesia's Palm Oil Industry Seeks New Standards
The palm oil industry, which is regularly accused of being a major contributor to climate change, wants to develop a universally accepted measurement of the environmental impact of palm oil production.Witjaksono Darmosarkoro, director of the state-run Indonesian Oil Palm Research centre (PPKS),...
Tue, 02 Feb 2010
Tourism Industry Suffered Last Year as Visitors Spent Less and Curtailed Stays
The global financial crisis made life tough for the tourism industry last year, with visitors spending less money and staying for fewer days even though the overall number of tourist arrivals increased slightly.
Tue, 02 Feb 2010
Five political risks to watch in Indonesia
JAKARTA, Feb 1 (Reuters) - Indonesia's improved economic outlook prompted a sovereign ratings upgrade by Fitch last week to one notch below investment grade, but the risk that reforms are stifled by powerful vested interests may hit markets.
Mon, 01 Feb 2010
Bali's Blue Bird of Happiness Threatened with Extinction
Exactly. This one smells massively of fish. All the other cab companies must have had a whip round in order to bribe a few local scum bags holding the reins of power.
Mon, 01 Feb 2010
Bali's Blue Bird of Happiness Threatened with Extinction
indeed you are correct, mr. marmz. one of the best-run companies in Indonesia, operating the best taxi service at a reasonable cost with the least amount of driver hassle/stupidity, and the local political hoons are out to close them down.
Mon, 01 Feb 2010
Bali's Blue Bird of Happiness Threatened with Extinction
Victory for the "TRANSPORT meester!" scumbags. Certainly not depending on those assholes.
Mon, 01 Feb 2010
Indonesia's Big Rail Plans
Indonesia is either about to get the most advanced high-speed rail operation in the world -- or it isn't. On Jan. 7, the Ministry of Transportation announced in Jakarta that following a 90 day feasibility study, work will begin this year to build a US$3 billion high-speed 357-km railway connecting...
Mon, 01 Feb 2010
Bali's Blue Bird of Happiness Threatened with Extinction
Permit Anomalies at Bali's Blue Bird Taxi Threaten to Close Down 500 Car Fleet.(1/30/2010) Bali's Transportation, Information and Communication Department (Dishubinfokom) is not prepared to make comment regarding widely publicized allegations in island's press that the well known Blue Bird taxi...
Mon, 01 Feb 2010
Scaled-back expectations in Indonesia
JAKARTA - An estimated 7,000 to 10,000 people gathered across Jakarta on Thursday to mark the 100th day of President Susilo Bambang Yudhoyono's second term in office. Waving banners and shouting into bullhorns, students, workers and activists lashed out against the former general's failure to curb...
Mon, 01 Feb 2010
Investment for Cepu, Senoro, Tangguh more than doubles
Skyrocketing 2008 oil prices caused a big increase in the investments needed for the Cepu, Senoro and Tangguh oil and gas projects, doubling initial costs, upstream oil and gas regulator BPMigas reported recently.
Mon, 01 Feb 2010
Investment for Cepu, Senoro, Tangguh more than doubles
Skyrocketing 2008 oil prices caused a big increase in the investments needed for the Cepu, Senoro and Tangguh oil and gas projects, doubling initial costs, upstream oil and gas regulator BPMigas reported recently.
Mon, 01 Feb 2010
Investment Predicted to Increase at least Rp. 13 Trillion
TEMPO Interactive, Klaten:Investment Coordinating Board (BKPM) chairman, Gita Wirjawan is optimistic that Indonesian investment value increase from 10 to 15 percent this year. The reason cited was the enactment of the one-door integrated service, which will simplify the process of capital...
Mon, 01 Feb 2010
Investment Predicted to Increase at least Rp. 13 Trillion
TEMPO Interactive, Klaten:Investment Coordinating Board (BKPM) chairman, Gita Wirjawan is optimistic that Indonesian investment value increase from 10 to 15 percent this year. The reason cited was the enactment of the one-door integrated service, which will simplify the process of capital...
Sun, 31 Jan 2010
Swedish businessmen to visit Indonesia
Jakarta (ANTARA News) - President directors of 35 Swedish companies will visit Indonesia on January 30 - February 2, 2010 to identify investment and business opportunities in the country, Swedish Embassy said in a media release here on Friday.
Sun, 31 Jan 2010
Indonesia eyes talks with Mideast investors
PROJECT TALKS: Emaar is to hold talks with Investment Coordinating Board (BKPM) chairman Gita Wirjawan over plans for a resort at Lombok. (Getty Images)The Indonesian government’s investment agency is planning to mount a charm offensive in the Middle East to encourage more money from the region,...
Sun, 31 Jan 2010
Indonesia’s economy on track, says World Bank
Indonesia’s economy has returned back on track following a period of lower growth last year due to the global economic crisis.World Bank economist Timothy Bulman said in Jakarta on Thursday that the country’s economy is almost ready to return to the boom conditions prior to the 1998 financial...
Sun, 31 Jan 2010
Investment Predicted to Increase at least Rp. 13 Trillion
TEMPO Interactive, Klaten:Investment Coordinating Board (BKPM) chairman, Gita Wirjawan is optimistic that Indonesian investment value increase from 10 to 15 percent this year. The reason cited was the enactment of the one-door integrated service, which will simplify the process of capital...
Sun, 31 Jan 2010
Indonesia Seeks to Build Food Security
Indonesia is home to nearly 240 million people, making it Southeast Asia's most populous country. But fertile farmland is limited in this island nation and shortages of major commodities such as rice and sugar are common.
Fri, 29 Jan 2010
FACTBOX-Policy making and the political system in Indonesia
Jan 28 (Reuters) - Institutional reforms by Indonesian President Susilo Bambang Yudhoyono in his second term are seen as critical to spurring investment in Southeast Asia's largest economy. Here are some facts about the political system and policy making in Indonesia:PARLIAMENT AND PRESIDENTThe...
Fri, 29 Jan 2010
Officials Name The 100 Worst Tax-Dodgers
Indonesia’s 100 worst tax-dodgers, including a slew of state-owned enterprises and some well-known private and listed companies, owe the state nearly $1.9 billion in back taxes, the Finance Ministry revealed on Thursday.“As of December 2009, the 100 top tax-dodgers [owed] Rp 17.
Fri, 29 Jan 2010
Government Seeks to Develop Value-Added Sectors
The government is drafting incentives meant to develop value-added industries that process agricultural products, Industry Minister MS Hidayat said on Thursday.“I have already informed the Ministry of Finance, and they have agreed to fiscal incentives for companies processing raw...
Fri, 29 Jan 2010
Indonesia’s Electricity Woes Will Be History By Year’s End, SBY Promises
President Susilo Bambang Yudhoyono has promised that Indonesia’s power crisis will end this year. Yudhoyono said on Thursday that he had released a presidential decree and supporting regulations to ensure his promise will be kept.
Fri, 29 Jan 2010
Indonesia May Be Ready To Join BRICs, Fund Says
Indonesia looks increasingly like a worthy member of the economically enviable “BRIC” group of nations, following this week’s upgrade of its sovereign debt and a nod of recognition from influential global asset manager Templeton Asset ManagementAfter boasting Asia’s second-best performing...
Fri, 29 Jan 2010
Govt hopes for big expansion of small private power plants
It is hoped that private companies backed by private investors may be able to start to build up to150 new power plants to provide up to 1,000 megawatts (MW) of electricity nationwide, to help cope with the frequent blackouts in the country.
Thu, 28 Jan 2010
Australian investor interested in Gorontalo`s mining
Gorontalo (ANTARA News) - Besides Japanese and Malaysian, an Australian investor has also expressed interest in cooperation in the mining sector in Gorontalo province.Brian, the Australian investor, said here on Wednesday he would like to invest in the mining sector in Gorontalo because the...
Thu, 28 Jan 2010
Indonesia`s heavy equipment sales forecast to rise 25% this year
Jakarta (ANTARA News/Asia Pulse) - Heavy equipment sales in Indonesia are forecast to rise 25 per cent to 9,000 units this year with growing demand mainly from the mining and plantation sectors.Improved prices of mining and plantation commodities in the world market resulted in brisker activities...
Thu, 28 Jan 2010
Investment falls, as reforms incomplete
Foreign direct investment, which makes up the bulk of direct investments each year, fell 27.2 percent in value last year as total cumulative investment only stood at Rp 97.38 trillion (US$10.82 billion) by the end of December.
Thu, 28 Jan 2010
Labor law 'discourages' labor-intensive industry
Association of Indonesian Businesspeople (Apindo) chairman Sofyan Wanandi said Thursday the existing labor law had discouraged investment in labor-intensive industries."We in Apindo have tried to help attract investment in the labor-intensive industry.
Thu, 28 Jan 2010
Investment in Toll Roads the Most Expensive
TEMPO Interactive, Jakarta:Recapital Securities Research Division chief, Poltak Hotradero is of the opinion that toll road infrastructure is the most expensive investment in Indonesia. The highest cost must be spent on land release.
Thu, 28 Jan 2010
Shoe Factory in China Moves to Indonesia
TEMPO Interactive, Tangerang:Trade Minister Mari Elka Pangestu said there seems to be a tendency for shoe manufacturers in China to relocate to Indonesia. The strengthening Chinese yuan can be one reason for this, along with the increasing cost of manpower and its regulations in China.
Thu, 28 Jan 2010
Foreign Property Ownership to be Extended to 70 Years
Thursday, 28 January, 2010 | 15:16 WIBTEMPO Interactive, Jakarta:Foreign property ownership will be extended from 25 years to 70 years. “The regulations formulation is completed. It only waits for the Housing Minister stamp,” said Lucy Rumantir, Jones Lang LaSalle Indonesia Chairman, in a press...
Thu, 28 Jan 2010
Lombok Deal With Emaar Expires, says Indonesia
Officials Throw Lombok Project A Final Lifelineby Janeman LatulLocal and central government officials are mounting a last-ditch attempt to salvage a giant resort plan for Lombok that all but collapsed earlier this month.
Thu, 28 Jan 2010
Investment falls, as reforms incomplete
Foreign direct investment, which makes up the bulk of direct investments each year, fell 27.2 percent in value last year as total cumulative investment only stood at Rp 97.38 trillion (US$10.82 billion) by the end of December.
Thu, 28 Jan 2010
ASEAN-US Business Council Seek More Support From Indonesia
TEMPO Interactive, Jakarta: Representatives for US businesses have approached Indonesian government to persuade the government to produce more supportive investment policies in different field of business before deciding larger investments in the Indonesia.
Wed, 27 Jan 2010
Finance ministry expects upgraded rating to attract investment
Jakarta (ANTARA News) - The Finance Ministry expects Indonesia`s upgraded credit rating from BB to BB+ to encourage more foreign investment inflows to the country."It is expected the upgraded credit rating will not only make the cost of borrowing more efficient but also encourage more foreign...
Wed, 27 Jan 2010
Govt should intensify domestic market protection: Apindo
Jakarta (ANTARA News) - The government must intensify domestic market protection because renegotiations of the ASEAN-China Free Trade Agreement (ACFTA) cannot be counted on, a business community spokesman said.
Wed, 27 Jan 2010
Minister to propose verification for seven kinds of imports
Jakarta (ANTARA News) - To protect domestic industries from the impact of free trade, Industry Minister MS Hidayat is to propose compulsory verification for seven kinds of imported goods.He said here Tuesday, the seven kinds of goods are cosmetics, ceramics, steel, energy-efficient lamps, cell...
Wed, 27 Jan 2010
Indonesia cuts capacity of planned geothermal plants
JAKARTA (Reuters) - Indonesia has cut the planned capacity of geothermal power plants it will start building this year by 18 percent to 3,900 megawatts (MW), an official at the mines and energy ministry said on Tuesday.
Wed, 27 Jan 2010
Indonesia to kick off $1 bln green investment fund
JAKARTA, Jan 26 (Reuters) - Indonesia plans a $1 billion green investment fund this year to drive infrastructure developments that aid growth and help cut greenhouse gas emissions, a finance ministry official said on Tuesday.
Wed, 27 Jan 2010
CVC leads foreign investment in Indonesia with deal for store chain
CVC Capital Partners has struck a Rp7,200bn ($770m) deal to acquire Indonesia's leading department store chain, in the strongest sign to date of increasing foreign investor interest in the country.Pending regulatory approval, the buy-out group will gain control of Jakarta-listed Matahari Department...
Wed, 27 Jan 2010
ACFTA creates export opportunities, says President
President Susilo Bambang Yudhoyono said the free trade agreement between ASEAN and China (ACFTA) would not threaten Indonesia’s industries, but create opportunities for local businesses to export more goods.