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Tue, 20 Mar 2007
House, govt meet to discuss key bill
As the deadline for the passage of the investment bill draws near, members of House of Representatives' Commission VI and government representatives in charge of steering the bill through the House held an informal meeting Monday evening to hammer out an agreement on the remaining points of...
Tue, 20 Mar 2007
How can marketers respond to a more conservative Indonesia?
If conservative values aren't making way for more liberal views in this young democracy, how should marketers, media owners, media buyers and advertising agencies respond? That's a question I've been asked by many these last few weeks.
Tue, 20 Mar 2007
Brazil, Indonesia To Sign Ethanol Agreement
so much buzz around ethanol as an alternative fuel. As a result of this push toward ethanol production, we're seeing the higher prices of food such as cereal, drinks (fructose), etc. I heard about this bush-like plant in Africa that is supposed produce oil.
Tue, 20 Mar 2007
Brazil, Indonesia To Sign Ethanol Agreement
Brazil signed an ethanol agreement with Indonesia on Thursday (15/3/07), Brazilian daily O Estado de Sao Paulo reported.In the near future, Indonesia is expected to receive $12 billion investments from international companies to develop its ethanol production.
Tue, 20 Mar 2007
PLN Seeks Kalimantan Hydro Partners
State-owned power firm PT PLN is seeking a partnership with private investors to build a 250- MW hydro power plant in South Kalimantan."We are trying to figure out what kind of financial options are suitable for this project," PLN business unit oversight and civil engineering head Kabul Sutijono...
Tue, 20 Mar 2007
BCA Eyes 50% Consumer Loan Growth
Bank Central Asia (BCA), the country’s second largest lender, aims to boost its consumer loans by 50% to Rp13.5 trillion ($1.47 billion) by the end of 2007 from Rp9 trillion last year, Bisnis Indonesia reported on Monday (12/3/07).
Tue, 20 Mar 2007
Faster Recovery Predicted for Car Market
The automotive industry predicted a sharp increase in car sales starting this month with improved macroeconomic conditions and purchasing power.The Association of Motor Vehicle Manufacturers (Gaikindo) said car sales are forecast to reach 30,000 units in March, bringing total sales to 80,598 units...
Tue, 20 Mar 2007
Telkom, SingTel Team Up on Global Data
State-owned telecommunications company PT Telkom said it will team up with Singapore Telecommunications Ltd (SingTel) to expand coverage of its global data communications services.Telkom and SingTel target to dominate the Asian market with a capitalization of $500 million, Telkom executive general...
Tue, 20 Mar 2007
Indonesia, Malaysia Look to Commodities Bourse
Indonesia and Malaysia may establish a joint commodities bourse to sell crude palm oil and natural rubber, The Jakarta Post reported on March 10.The report said Vice President Jusuf Kalla had told a meeting in Jakarta between officials of the Malaysian and Indonesian chambers of commerce that a...
Tue, 20 Mar 2007
Fisheries Sector Wins Investment
A total of 13 overseas companies from China, Thailand and Australia are to invest a total of $120.5 million in fishing and fish processing ventures around the country, an official from the Maritime Affairs and Fisheries Ministry says, The Jakarta Post reported.
Tue, 20 Mar 2007
Investment Bill to Pass Soon
The House of Representatives is expected to pass the long-awaited new investment bill that will offer tax and duty incentives to both local and foreign investors.The government has agreed in principle that incentives can be offered not only to new investors, but also to those who expand their...
Tue, 20 Mar 2007
Agency Offers Disaster-Free Land Map Service
Data packages containing information on disaster-free regions in Indonesia will be made available through a service provided by the National Coordinating Agency for Land Survey and Mapping (Bakosurtanal).
Tue, 20 Mar 2007
Saratoga to invest in CPO business in Papua and Kalimantan
Jakarta (ANTARA News) - PT. Saratoga Investama Sedaya owned by national businessman Sandiaga S. Uno, is planning to invest in crude palm oil (CPO) business in Papua and Kalimantan."We are allocating around 10-20 percent out of our total investment this year (for the CPO business)," Sandiaga said...
Tue, 20 Mar 2007
Corrupted pipe dreams in Indonesia
JAKARTA -The opening of a new US$1.1 billion gas pipeline would appear to mark a rejuvenation of Indonesia's until now woefully inefficient natural-gas sector and boost the fortunes of publicly listed, majority state-owned gas-distribution company PT Perusahaan Gas Negara (PGN).
Sun, 18 Mar 2007
Oiltanking to build terminal in Cilegon at cost of $120 million
Responding to the liberalization of the gasoline retailing sector, Oiltanking, the world's second largest independent tank storage provider for petroleum products, gases and chemicals, is planning to build the first independent oil storage terminal in Indonesia at a total cost of US$120 million.
Sun, 18 Mar 2007
Govt told to drop deal with Microsoft
The Business Competition Supervisory Commission (KPPU) has urged the government to annul its recent deal with U.S. giant software producer Microsoft for the use of the latter's software in state offices and institutions.
Sat, 17 Mar 2007
Kadin asks govt to pay more attention to long-established investors
Jakarta (ANTARA News) - The government should not only favor new invstors but also pay attention to old investors with good track records in Indonensia so that they will continue to expand their operations in the country, a senior Indonesian Chamber of Commerce and Industry (Kadin) executive said.
Sat, 17 Mar 2007
Bank Mandiri to allocate Rp 11 trillion for plantation credit
JAKARTA (Antara): PT Bank Mandiri is preparing a credit scheme worth Rp 11 trillion (US$1.2 billion) to help finance investment in the plantation sector in the 2007-2010 period, a Bank Mandiri director said on Friday.
Sat, 17 Mar 2007
SMEs to get easier access to new loans
Bank Indonesia will relax its lending requirements so as to encourage the extending of more loans to the real sector, particularly to small and medium enterprises (SMEs), says Bank Indonesia Governor Burhanuddin Abdullah.
Sat, 17 Mar 2007
MoU with Microsoft Goes On
TEMPO Interactive, Jakarta: The Information and Communication Minister, Sofyan Djalil, said that the delay of the government’s computer census will not disturb the Memorandum of Understanding (MoU) with PT Microsoft Indonesia.
Sat, 17 Mar 2007
British Entrepreneurs Ask Removal of Investment Obstructions
TEMPO Interactive, Jakarta: British entrepreneurs said they hoped that the government would solve matters on legal and capital investment obstruction in the Draft Bill on Capital Investment, now being prepared by the House of Representatives (DPR).
Sat, 17 Mar 2007
Four Facilities of Income Tax for New Investor
TEMPO Interactive, Jakarta: The government keeps pushing investment. Yesterday (03/15), the Finance Minister Sri Mulyani Indrawati has announced the granting of four facilities of Income Tax for new investors of a certain business and/or region.
Fri, 16 Mar 2007
Indonesia 2007 CPO exports seen at 11.7 mln tons
Jakarta (ANTARA News) - The country's crude palm oil (CPO) exports are expected to reach 11.7 mln tons this year up from an estimated 11.3 mln in 2006, with rising local demand limiting export growth, Indonesia Palm Oil Association (GAPKI) chairman Derom Bangun said.
Fri, 16 Mar 2007
Inco appoints new board of commissioners
Jakarta (ANTARA News) - PT International Nickel Indonesia (Inco) at an extraordinary shareholders` meeting here Wednesday appointed new people to its board of commissioners, including a new president commissioner.
Fri, 16 Mar 2007
Clean Biofuel to Invest in Gorontalo
TEMPO Interactive, Gorontalo: Clean Biofuel Pte. Ltd., a Singaporean company, will build a biofuel factory with an investment of US$190 million in Pohuwato, Gorontalo.The factory and plantation that will cover an area of 40,000 hectares are planned to have an installed production capacity of 200...
Thu, 15 Mar 2007
INCO to build two nickel processing plants
JAKARTA (Antara): PT International Nickel Indonesia (INCO) is planning to build nickel processing plants in Bahodopi, Central Sulawesi, and Pomala, Southeast Sulawesi, before 2010, its president director, Arief Siregar, said.
Thu, 15 Mar 2007
Table of corruption scores among 13 Asian economies graded
Originally Posted By: KuKuKaChu Originally Posted By: chewwyUKCant believe we only come in at number two !!! I want a re-count! the indonesian govt probably paid PERC to get them off the bottom of the list ...
Thu, 15 Mar 2007
Table of corruption scores among 13 Asian economies graded
Originally Posted By: KuKuKaChu Originally Posted By: chewwyUKCant believe we only come in at number two !!! I want a re-count! the indonesian govt probably paid PERC to get them off the bottom of the list ... LOL!
Thu, 15 Mar 2007
Table of corruption scores among 13 Asian economies graded
Originally Posted By: chewwyUKCant believe we only come in at number two !!! I want a re-count! the indonesian govt probably paid PERC to get them off the bottom of the list ...
Thu, 15 Mar 2007
Table of corruption scores among 13 Asian economies graded
Cant believe we only come in at number two !!! I want a re-count!
Thu, 15 Mar 2007
Table of corruption scores among 13 Asian economies graded
Singapore (ANTARA News)- Here is a table of the corruption scores of 13 Asian economies, as seen in a survey of businessmen by the Political and Economic Risk Consultancy (PERC) and released Tuesday.On a scale of zero to ten, zero is the best possible score.In brackets are the scores last year.
Wed, 14 Mar 2007
Eni Urged to Explore Ambalat
If I remember correctly, the last time someone went drilling there it became a major diplomatic incident with Malaysia, Brunei and Indonesia rattling sabres and gnashing teeth!
Wed, 14 Mar 2007
Eni Urged to Explore Ambalat
Eni might be more enthusiatic about exploring ambalat if indonesia actually owned it.this announcement from the government -- god knows where the story was sourced -- seems to be a deliberate attempt at provocation towards malaysia.wait for the gunships ...
Wed, 14 Mar 2007
PLN seeks Kalimantan hydro plant partners
State-owned power firm PT Perusahaan Listrik Negara (PLN) is seeking a partnership with private investors to build a 250-megawatt (MW) hydro power plant in South Kalimantan."We are trying to figure out what kind of financial options are suitable for this project," PLN business unit oversight and...
Wed, 14 Mar 2007
Nation looks to simple pleasures, as should marketers
As we saw in last week's update, more Indonesians are spending more time doing more things at home. What is everybody doing for entertainment, other than watching TV, shopping or pursuing their hobbies?Urban or rural, old or young, man or woman, over 80 million people like entertaining their...
Wed, 14 Mar 2007
Bimantara Citra triples net profit
Media and telco group PT Bimantara Citra wrapped up 2006 with a net profit of Rp 446 billion (US$49 million), more than three times the Rp 136 billion recorded the previous year, the company's full-year consolidated accounts show.Total revenue rose 34 percent from a year earlier to Rp 3.
Tue, 13 Mar 2007
Foreign Firms Eye Local Gasoline Business
PT Chevron Pacific Indonesia (CPI) is set to open gas stations in Indonesia following in the footsteps of other foreign firms, including Malaysia's Petronas and Dutch company Shell, an official says.Erie Soedarmo, director for downstream business at the Energy and Mineral Resources Ministry, told...
Tue, 13 Mar 2007
Eni Urged to Explore Ambalat
Indonesia has urged Italy's major oil group Eni to explore for oil and gas in the Ambalat block. "We have asked Eni to commit for exploration in the Ambalat area to meet its contract," Achmad Luthfi, deputy chief of energy watchdog BP Migas told Reuters on Friday (9/3/07).
Tue, 13 Mar 2007
Finance Ministry Eyes Biofuel Incentives
The Finance Ministry is preparing a package of incentives to support the government's ambitious program to produce 200,000 barrels of biofuel a day by 2010, a senior official says.Unggul Priyanto, the director for energy resources development at the Agency for the Assessment and Application of...
Tue, 13 Mar 2007
Lion Air to Get 7 New Boeing 737-900ERs
Lion Air said the first of seven Boeing 737-900 ER aircraft it plans to buy at a price of $3.9 billion this year will arrive in April.The airline’s commercial director Achmad Hasan said the seven aircraft will be part of 60 Boeing 737-900 ER planes it has ordered from the US aircraft maker until...
Tue, 13 Mar 2007
Samsung to Sell 3G System to Mobile-8
South Korea's Samsung Electronics Co Ltd said on Monday (5/3/07) it would sell Indonesian mobile operator PT Mobile-8 Telecom systems for a "third-generation" (3G) mobile service for $373 million, Reuters reported.Samsung, the world's No.
Tue, 13 Mar 2007
Telkomsel User Growth 6% This Year
Indonesia's largest mobile phone operator PT Telkomsel has added about 2 million new users so far this year, a company official said, signaling growth of about 6% from yearend levels, Reuters reported on Tuesday (6/3/07).
Tue, 13 Mar 2007
PPA to Divest Stake in 20 Companies
State-owned asset management company PT PPA has announced a plan to sell its stake in 20 companies, including some banks, this year.The asset sales are to meet the company's aim to contribute Rp1.5 trillion ($166.
Tue, 13 Mar 2007
CPO Base Price Raised
Indonesia has raised the base price for exports of crude palm oil by $3 to $490 a metric ton, effectively raising the export tax paid on CPO, a trade ministry official told Dow Jones Newswires on Wednesday (7/03/07).
Tue, 13 Mar 2007
Rate Cut May Be the Last
Bank Indonesia (BI) Governor Burhanuddin Abdullah said there is “not much to gain” from more rate cuts after the central bank board dropped the benchmark rate by a further quarter of a percentage point to 9% on Tuesday.
Tue, 13 Mar 2007
S Korean investor to develop plantation for biodiesel in Maluku
AMBON (Antara): South Korea's LML firm will develop Jatropha Curcas, sp. plantations in Oma village, Haruku subdistrict, Central Maluku district, a spokesperson said.The company intended to develop the plantations as a pilot project to produce biodiesel for a power plant, LML chairman Choi Seung In...
Tue, 13 Mar 2007
Microsoft to Collaborate with 500 Software Vendors
TEMPO Interactive, Jakarta:Microsoft Indonesia will collaborate with more than 500 software vendors in marketing its Windows Vista software.This measure is aimed at reducing pirated software sales in Indonesia.
Tue, 13 Mar 2007
Japan-Indonesia Targeting Cellulose for Renewable Energy
TEMPO Interactive, Jakarta: Japan has offered a technological partnership for processing biomass into renewable energy, including the use of cellulose and lignin that are really cheap.“We have the technology and Indonesia has a plenty of its raw materials,” said Koatro Inoue of Japan Science...
Tue, 13 Mar 2007
Administrative Reforms Minister: Bureaucracy Not Yet as Expected
TEMPO Interactive, Jakarta: Taufiq Effendi, the State Minister for Administrative Reforms, has said he believes the bureaucracy reform that has so far been carried out is still far from what is expected.This is because there is not any unity in terms of perception and goals.