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Thu, 26 Aug 2010
Indonesian health equipment market worth Rp22 trillion
Jakarta (ANTARA News) - Indonesia`s health equipment market is worth Rp22 trillion but it is still dominated by foreign products, according to the Association of Indonesian Health and Laboratory Equipment Traders.
Thu, 26 Aug 2010
ASEAN economic ministers to conduct joint investment promotions
Jakarta (ANTARA News) - ASEAN economic ministers have agreed to facilitate investment inflows to the region by conducting joint investment promotion campaigns, the Indonesian Trade Ministry said.At the 13th meeting of the ASEAN Investment Area (AIA) held in Da Nang, Vietnam, from August 24 to 27,...
Thu, 26 Aug 2010
Panasonic Plans Hub in Indonesia
Jakarta. In a meeting with President Susilo Bambang Yudhoyono in Jakarta on Wednesday, the head of Japanese consumer electronics giant Panasonic confirmed that it planned to move its production base to Indonesia, senior Indonesian government officials said.
Tue, 24 Aug 2010
Energy Department Launches Renewables Directorate
TEMPO Interactive, Jakarta: The Energy and Mineral Department has unveiled today a new directorate which will in charge on the new field of energy which had not received the size of emphasize before, the renewables.
Tue, 24 Aug 2010
Food, Cosmetics Producers Rocked by Trade Pact
Jakarta. Many domestic producers of food, beverages and cosmetics have been battered by the Asean-China Trade Agreement and are choosing to import products and sell them rather than produce them, the Indonesian Employers’ Association (Apindo) says.
Mon, 23 Aug 2010
Pertamina geothermal in need of rp18 trillion to build 1000 Mw
Jakarta (ANTARA News) - PT Pertamina Geothermal Energy (PGE), a subsidiary of state oil and gas company PT Pertamina, needed US$2 billion, the equivalent of Rp18 trillion, to build a geothermal power plant with an installed capacity of 1,000 megawatts.
Mon, 23 Aug 2010
Indonesia's Net boom goes mobile
Surge in handset connectivity brings cheer, fearJAKARTA: Mr Syarief Maulana, who works for a non-governmental organisation, is constantly in the loop - he uses his BlackBerry smartphone to check his email, news websites and his Facebook account multiple times each day.
Mon, 23 Aug 2010
Praise for Subsidy Cuts, Mixed With Concern Over Rising Costs
Jakarta. Since its release last week, analysts have lauded the 2011 state budget draft for cutting subsidies to make way for development spending, but some in the business community fear the cuts may be too much, too fast.Subsidies have been slashed 8.2 percent in the draft to Rp 184.
Mon, 23 Aug 2010
Huge opportunity from Japanese investment
In mid-July, the Japan Credit Rating Agency, Ltd. (JCR) raised Indonesia’s rating to investment grade, which reflects growing confidence in the management of Southeast Asia’s largest economy, which has proved resilient.
Sat, 21 Aug 2010
Gritty reality beneath the gloss
INDONESIA'S growth spurt over the past year has turned it into a success story of sorts for the region and the flavour of the month for foreign and local investors.Media reports across the world have praised the country's rise from the pits of authoritarian government, economic crisis and political...
Sat, 21 Aug 2010
Itochu to Build an Rp18 Trillion Railway Line
TEMPO Interactive, Jakarta:The Itochu Corporation, a Japanese investor, plans to invest around US$2 billion or equal to Rp18 trillion to build a railway line in Central Kalimantan.The construction is expected to facilitate commodity transport.
Sat, 21 Aug 2010
Bali`s exports to China, Hong Kong constantly increasing
Denpasar, Bali (ANTARA News) - Bali province`s handicraft and other non-oil/non-gas exports to China and Hong Kong have been increasing continuously reaching an average value of US$ 3.5 million per month or a total of US$ 17.1 million in the January-May period in 2010.
Sat, 21 Aug 2010
Indonesia, Australia to Sign FTA
VIVAnews - Indonesia will in no time sign a bilateral free trade agreement with several other countries such as Australia, New Zealand, India, and Chile. The joint study group to the countries has been prepared.
Fri, 20 Aug 2010
S`pore to increase economic cooperation with Riau islands
Tanjungpinang, Riau Islands (ANTARA News) - Singapore will increase its cooperation with the Indonesian province of Riau Islands particularly the Bintan, Batam and Karimun free trade zones, Singapore minister Zainul Abidin Rasheed said.
Fri, 20 Aug 2010
Asian regionalism and RI’s comparative advantage
Undeniably, we’re heading towards the globalization of world trade. At the same time countries face challenges other than globalization: regionalism and bilateralism. Indonesia simultaneously faces different levels of trade liberalization, whether at the global (World Trade Organization or WTO),...
Thu, 19 Aug 2010
Indonesian gov't invites private sector to build 14 new airports
Indonesia's Transportation Minister Freddy Numberi said on Wednesday that the government encourages private sector to take part in the construction of 14 new it planned to build starting next year. "Principally if the private sector wants to join, just go ahead, " Freddy said.
Thu, 19 Aug 2010
Government Move to Cut Infrastructure Red Tape Hailed by Businesses
Businesses have welcomed a new government strategy to eliminate bureaucratic hurdles that have stunted the pace of infrastructure development.The government on Wednesday transferred the marketing and registration duties for public-private partnerships from the National Development Planning Agency...
Thu, 19 Aug 2010
Indonesia fiscal officers being prepared for overseas service
Jakarta (ANTARA News) - The Indonesian government has begun preparing the stationing of fiscal officers at its overseas missions to ensure optimum collection of state revenue from taxable subjects or activities in foreign countries, a spokesman said.
Wed, 18 Aug 2010
Businesses Say Another Electricity Rate Hike Could ‘Kill’ Competitive Advantage
Jakarta. Fresh on the heels of July’s unpopular electricity rate hikes, the government’s announcement on Monday of a fresh set of rises early next year immediately drew more anger from the business community.
Wed, 18 Aug 2010
Yudhoyono Gets Backlash for Plain Speech
TEMPO Interactive, Jakarta: Political oppositions, whether official or conjunctural, has dismissed President Susilo Bambang Yudhoyono's annual state address before the parliament to mark the independece day at the beginning of this week as unconvincing "camouflage" which failed to...
Wed, 18 Aug 2010
Indonesia expected to draw investment of $22.3 bln next year
JAKARTA, Aug. 18 (Xinhua) -- Indonesia's Investment Coordinating Board targeted to draw an investment of more than 200 trillion rupiah (about 22.3 billion U.S. dollars) next year, increasing 15 percent compared to this year, Bisnis Indonesia daily quoted an official as saying on Wednesday.
Wed, 18 Aug 2010
Indonesia`s exports may decline next year
Jakarta (ANTARA News) - Indonesia`s next year`s export growth may reached only 8.3 percent, while this year`s growth has reached 12.2 percent.Minister of Trade Mari Elka Pangestu told a press conference on the Financial Note and the 2011 Draft State Budget at her office in Jakarta Monday night that...
Mon, 16 Aug 2010
Indonesia president eyes 7.7 pct GDP growth by 2014
JAKARTA, Aug 16 (Reuters) - Indonesia's President SusiloBambang Yudhoyono said in an annual state of the nation speechon Monday he is optimistic of reaching a target of as much as7.7 percent GDP growth by 2014.
Mon, 16 Aug 2010
New Indonesian Steel Mill to See Exports Up, Imports Down
Indonesia. Indonesia will see its dependence on imported steel fall and its exports rise with the completion of a new state-run steel mill in 2014, a Krakatau Steel official has said.The government-owned Krakatau has formalized a $6 billion joint venture with South Korea’s Pohang Iron and Steel,...
Mon, 16 Aug 2010
Sasol’s Investments in Indonesia Remain Uncertain
TEMPO Interactive, Jakarta:A South-African based energy company, Sasol Synfuels International, has not decided whether to invest in Indonesia, said the Oil and Natural Gas director-general, Evita Legowo, who is also the Liquid Coal Development Team chief, yesterday.
Mon, 16 Aug 2010
Government Prepares New Rent Rate for Extraction Sector
TEMPO Interactive, Jakarta: The government has brought up plans to introduce new rate for land rate in the mining sector from a little bit above five cents to US$2, in the legislation of a new bill at the Finance Department.
Mon, 16 Aug 2010
SE Sulawesi governor reminds nickel miners of their obligation
Kendari, SE Sulawesi (ANTARA News) - South East Sulawesi Governor Nur Alam has told nickel mining investors to contribute US $1.5 to the regional government on every ton of nickel ore they export."Investors may extract our mineral resources but they must not forget their responsibility to...
Mon, 16 Aug 2010
Traffic jams hamper investment
Jakarta (ANTARA News) - The government should immediately find a solution to or a way-out of traffic congestion because it is now hampering investment, particularly in goods distribution, a chamber official said.
Mon, 16 Aug 2010
China ranks 3rd as Bali`s source of foreign tourists
Denpasar, Bali (ANTARA News) - China ranked third after Australia and Japan as a source country of foreign tourists visiting Bali in the first half of 2010 with 98,258 tourists, up slightly from 97,930 a year earlier.
Fri, 13 Aug 2010
Govt preparing incentives for industrial cluster investment
The government says it is preparing measures to reinvigorate the industry-based cluster program, which has faced serious obstacles including overlapping land titles and infrastructure bottlenecks.Industry Minister Mohamad S.
Fri, 13 Aug 2010
Envoy: Indian giants arriving, trade rises
Historical, political and cultural binds between Indonesia and India prove too strong for challenges to shake years of good relations between the two countries, with the most recent incident involving Indians and Indonesians in Batam now only a distant memory.
Fri, 13 Aug 2010
Indonesia’s sleeping tiger awakens
Indonesian stocks are traded by Japanese investors every day, but one recent request from Tokyo was out of the ordinary. A big investor phoned up a local fund manager asking to buy $1bn in equities on the Jakarta stock exchange within just 20 days.
Fri, 13 Aug 2010
Singaporean investors pour money into Indonesia to tap commodities
SINGAPORE -- Singapore investors are flocking to Indonesia with an eye to tapping its rich commodity reserves and fast-expanding consumer base.Foreign direct investment (FDI) in the country - once shunned because of its corruption, political unrest and poor infrastructure - rocketed from SG$508...
Fri, 13 Aug 2010
Jakarta’s chance to lead fashion for faithful
Models present creations by Indonesian designer Ian AdrianThe fashion models lounged in the public hallway of a Jakarta retail mall in hot pants, batting false eyelashes and adjusting their hairdos.Minutes later, they hit the catwalk wearing headscarves and covered by full-length prayer gowns in an...
Fri, 13 Aug 2010
Indonesia plans to give incentives for investment in 5 provinces
JAKARTA, Aug. 13 (Xinhua) -- The Indonesian government plans to provide fiscal incentives for investment in five provinces in the sectors of agriculture, oil and gas, a paper reported here Friday.Industry Minister Mohamad S.
Fri, 13 Aug 2010
Indonesia to build a new container port
Indonesia’s state port firm will start building a new container terminal in Jakarta this year to cope with overflowing volumes at the main shipment hub in Indonesia’s capital as trade grows.The first phase of the 22tn rupiah ($2.
Fri, 13 Aug 2010
Indonesia hopes exports to rise by end of 2010
Jakarta (ANTARA News) - Industry Minister MS Hidayat hoped Indonesia`s exports could be increased to reduce any trade deficit."China indeed is now the preference for increasing exports of commodities. They now import more than exporting.
Thu, 12 Aug 2010
Massive Papua Food Estate to Serve As Nation’s Bread Basket Launched
Indonesia. Indonesia on Wednesday launched a giant project to create a $5 billion agricultural estate spanning three districts in Papua.The Merauke Integrated Food and Energy Estate program is the latest attempt by the government to gain self-sufficiency in food production, with a longer-term goal...
Thu, 12 Aug 2010
4 New Terminals Center of $2.4b Tanjung Priok Upgrade
Jakarta. The government is planning to pour Rp 22 trillion ($2.46 billion) into expanding the Tanjung Priok port in a bid to speed up the movement of goods.“We will expand the port with four more terminals and hope the groundbreaking on the first one will happen by the end of this year,”...
Wed, 11 Aug 2010
PMorgan Sees Rising Investor Interest in Indonesia, Southeast Asia Stocks
Stock markets in Thailand, Indonesia, the Philippines and Malaysia have been “remarkably resilient” and investor interest may increase, drawn by Southeast Asia’s economic growth and an equities rally, JPMorgan Chase & Co. said.Thailand’s economy is estimated to expand 8.
Wed, 11 Aug 2010
Yahoo’s ‘Serious Investment’ Targets Indonesian Mobile Net Users
Indonesia. The rapid growth of mobile Internet users and the untapped market of people yet to have online access had spurred Yahoo to “seriously invest in Indonesia,” an executive of the Web giant said on Tuesday.
Wed, 11 Aug 2010
Indonesia says restriction on beef imports to protect domestic industry
JAKARTA, Aug. 11 (Xinhua) -- Indonesia's restriction on beef imports is aimed at protecting local breeders, spokesman of Trade Ministry Robert Bintaryo said here Wednesday.The statement was made following a concern from New Zealand over Indonesia's import regulation, which it considers very...
Wed, 11 Aug 2010
Indonesia aiming at soyabean self-sufficiency by 2014
Lahat, S Sumatra (ANTARA News) - Minister of Agriculture H Suswono said that the government is trying to become self-sufficient in soybean by 2014, and develop Lahat in South Sumatra, as its barn.The minister said this in a working visit and soybean grand harvest in Pagarjati village, Kikim Selatan...
Wed, 11 Aug 2010
Marine sector contributes 22 pct to GDP
Jakarta (ANTARA News) - The marine sector contributes nearly 22 percent of the country`s gross domestic product, a marine expert said on Monday night calling on the government to pay more attention to the sector."Based on the results of my calculation, the marine sector contributes 22.
Wed, 11 Aug 2010
Bin Laden group postpones investment in SE Sulawesi
Kendari, South East Sulawesi (ANTARA News) - Saudi Arabia`s Bin Laden Group has postponed its plan to invest in South East Sulawesi as a consequence of the global financial crisis last year, the region`s governor said.
Wed, 11 Aug 2010
Rupiah`s appreciation weakens furniture exports
Jakarta (ANTARA News) - The appreciation of the rupiah which now has reached Rp8,900 per US dollar is weakening the competitiveness of furniture industry and handicraft products, a furniture businessman said.
Tue, 10 Aug 2010
Indonesia and Turkey Beat Investors’ Expectations by Outperforming BRICs
Jakarta. Indonesia and Turkey are outpacing the biggest emerging markets by almost any financial measure, even while they may be too small to join the BRICs.Indonesia’s equity index has climbed 21 percent this year and Turkey’s rose 13 percent, both hitting all-time highs on July 29.
Tue, 10 Aug 2010
Hotel Business in Yogyakarta is Promising
TEMPO Interactive, Yogyakarta:Hotel business in Yogyakarta continues to grow. Every holiday season, many tourists cannot find hotel accommodations. “The business is promising,” said the Yogyakarta branch of the Indonesian Hotel and Restaurants Association secretary, Deddy Pranowo Eryono, during...
Tue, 10 Aug 2010
Bali`s hotel occupancy rate up 4.17 pct
Denpasar, Bali (ANTARA News) - The average occupancy rate of hotels in Bali in June was 64.56 percent, or an increase of 4.17 percent compared with that in the previous month which was 60.39 percent, a statistics official said.