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Sat, 29 Mar 2008
Survey finds govt offices lack integrity
Quote:Ironically, the Justice and Human Rights Ministry ranked last with a score of 4.15.The Ministry of "Justice" and Human Rights includes the Immigration Office and Companies Registrar; offices that foreigners are often required to deal with, directly or indirectly.
Sat, 29 Mar 2008
Survey finds govt offices lack integrity
The country’s fight against graft has been dealt a big blow after a survey Friday found the public sector and the general public alike condoned corruption.Conducted by the Corruption Eradication Commission (KPK) between August and October last year, the integrity survey discovered 30 government...
Fri, 28 Mar 2008
Surfing and crashing in the Indonesian oil palm boom
bloody disaster, is what it will be. there's been a huge "gold rush" for land by foreign and local investors in kalimantan, sumatra and sulawesi for the past 18 months. we all know where this will end ...
Fri, 28 Mar 2008
Surfing and crashing in the Indonesian oil palm boom
Interesting. It'll all end in tears.
Fri, 28 Mar 2008
Surfing and crashing in the Indonesian oil palm boom
John McCarthy, CanberraAs boom towns flicker to life across rural Indonesia, the relentless pursuit of oil palm wealth poses social and environmental problems for Indonesian policy makers.In India the rural poor ration every last drop of cooking oil.
Thu, 27 Mar 2008
President warns employers against lay-offs
"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.Every time massive layoffs occur, I cannot sleep, as many people gather outside the palace and a barrage of text...
Thu, 27 Mar 2008
President warns employers against lay-offs
President Susilo Bambang Yudhoyono warned employers across the country Wednesday against resorting to layoffs whenever disagreement arose between them and their workers.The President urged businesspeople to instead open up dialogues to solve workplace disputes.
Thu, 27 Mar 2008
PTPN VII aims to produce 174,500 tons of sugar this year
Bandarlampung, Lampung (ANTARA News) - State-owned plantation company PT Perkebunan Nusantara (PTPN) VII has set itself the target of producing 174,500 tons of sugar this year.The sugar production would originate from the company`s two business units, namely Bungamayang in North Lampung and...
Thu, 27 Mar 2008
Pertamina negotiating extension of gas contracts with Japan
Tokyo (ANTARA News) - State-run oil and gas company PT Pertamina is currently negotiating the extension of its natural gas supply contracts with a number of gas companies in Japan, its chief, Ari Soemarno, said here Wednesday."Pertamina`s vice president director is now in Osaka for the negotiations.
Thu, 27 Mar 2008
Maybank buys Indonesia`s BII in move to become regional player
Singapore (ANTARA News) - Malayan Banking Bhd, the largest bank in Malaysia, said Wednesday it has agreed to buy a 56 percent stake in Bank Internasional Indonesia (BII) from Singapore's state-linked Temasek Holdings Ltd and South Korea's Kookmin Bank, for 4.8 billion ringgit or about 1.
Thu, 27 Mar 2008
RI still has wide opportunities to export furniture
Beijing (ANTARA News) -Indonesia still have ample opportunities to export its furniture to China, trade attache at the Indonesian Embassy in Beijing, Imbang Listiyadi, said here on Wednesday."Indonesia still has an opportunity to export its Furniture to China and therefore as a furniture producer,...
Thu, 27 Mar 2008
Govt urged to issue decree slashing corporate tax
The President should issue a new decree slashing corporate tax if the House of Representatives refuses to pass the income tax bill, the chairman of the Indonesian Chamber of Commerce and Industry (Kadin) said Wednesday.
Thu, 27 Mar 2008
RI's biggest challenge is curbing inflation
Aditya Suharmoko , The Jakarta PostWhile the global economic slowdown is not expected to greatly affect Asian economies, Indonesia's biggest challenge lays in subduing its inflation rate to protect public purchasing power, a discussion concluded Wednesday.
Thu, 27 Mar 2008
Fewer people buying life insurance products: AAJI
The number of individuals and groups holding life insurance policies dropped 11 percent last year as people opted instead to pursue short-term profits and gain easier access to cash, an association said Wednesday.
Wed, 26 Mar 2008
Government to maintain conducive business climate : President
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said the government would continue to maintain a conducive business climate in the country so that business people could play a bigger role in efforts to solve problems faced by the nation.
Wed, 26 Mar 2008
Agriculture minister to attend first oil palm harvest in Buol
Tolitoli, Central Sulawesi (ANTARA News) - Agriculture Minister Anton Apriyantono is scheduled to attend the first harvest of Buol district`s oil palm plantations in Central Sulawesi on March 29, 2008, a local government official said.
Wed, 26 Mar 2008
World Bank plans to revise Indonesia`s growth rate
Jakarta (ANTARA News) - The World Bank plans to revise downward its Indonesian economic growth rate projection for 2008 to 6.0 percent from 6.4 percent due to the US economic slowdown but assures the move will not affect the government`s effort to achieve the target of reducing the poverty rate.
Wed, 26 Mar 2008
World Bank slams govt onerous fuel subsidy
Aditya Suharmoko, The Jakarta PostThe World Bank has criticized the government's continuing refusal to cut the onerous fuel subsidy despite evidence the allocation has only benefited wealthy people."The fuel subsidy has been poorly targeted; it only promotes consumption and does not help the poor,"...
Wed, 26 Mar 2008
Pontianak to have 60MW power plant
Bank Bukopin and four regional development banks pledged Tuesday to syndicate a loan to PT Equator Manunggal Power for the construction of a 60 megawatt (MW) coal-fired power plant in Pontianak, West Kalimantan.The project, which will cost Rp 545 billion (US$59.
Wed, 26 Mar 2008
Timor-Leste seeks trade deal with East Java
Timor Leste is hoping to establish some kind of a trade deal with East Java, as the country is in dire need of affordable farming equipment and agricultural produce, a Timor Leste minister says.The country's visiting minister for farming, fisheries and forestry Mariano Assanami Sabino told The...
Tue, 25 Mar 2008
Government raises CPO export tax by 20 pct
Jakarta (ANTARA News) - The government has raised crude palm oil (CPO) export tax from 10 to 20 percent for April shipment because the CPO price in the world market in March has reached a record high, Trade Minister Mari Elka Pangestu said.
Tue, 25 Mar 2008
Local governments are hurting more than making things better
Decentralizing power, by shifting control from the central government to smaller local governments, is the will of the local population and can only be deemed progressive in a new democracy like Indonesia.But it is a new system fraught with problems.
Tue, 25 Mar 2008
Govt plans to slap excise on more goods
The cash-strapped government plans to broaden categories of goods subject to excise duty in response to an expanding state budget deficit and an intense campaign to reduce environmental hazards.A proposal to expand the list of goods subject to excise is under discussion in the House of...
Tue, 25 Mar 2008
Cement manufactureres expect 6% rise in domestic market
Agustina Wayansari, The Jakarta Post Leading cement manufacturers expect demand for cement to grow at least 6 percent on the back of an improving economy and many large construction projects in regions this year.
Tue, 25 Mar 2008
RI may miss benefits from ASEAN-EU FTA deal
Indonesia stands to lose out on benefits from the planned free trade agreement (FTA) between the EU and ASEAN unless it improves its negotiation capacity and coordination, an official says.The Trade Ministry's director general for regional trade cooperation, Iman Pambagyo, said the lack of...
Tue, 25 Mar 2008
Govt set to secure loans for shipping sector
In a bid to expand the country's shipping industry, the government is set to wrap up a loan agreement worth around US$150 million from Japan Bank for International Cooperation (JBIC)."The funding is expected to be disbursed between 2008 and 2009," the Transportation Ministry's director general of...
Tue, 25 Mar 2008
Local shipping sector left in need of loans
The local shipping industry requested more bank loans Monday to support the anticipated rise in shipping demand caused by a government policy banning foreign vessels from transporting goods between local ports.
Tue, 25 Mar 2008
President wins $3.5B in investment commitments
you mean, he's like bakrie?? or worse?
Tue, 25 Mar 2008
President wins $3.5B in investment commitments
May as well be, he is a well known rip-off merchant and also has (under the wings off his many companies) thousands of underpaid and ill treated Asian's working for him in the UAE.Not a nice man!
Tue, 25 Mar 2008
President wins $3.5B in investment commitments
Originally Posted By: DilliMohammed Ali Alabbar, dodgy bastard.... any relation to Ali Baba?
Tue, 25 Mar 2008
Pertamina introduces cheap fuel product
they seem to have enough problems supplying the busway with gas, much less the general public.and Rp12m for a conversion kit is clearly a rip off.
Tue, 25 Mar 2008
President wins $3.5B in investment commitments
Mohammed Ali Alabbar, dodgy bastard....
Tue, 25 Mar 2008
Pertamina introduces cheap fuel product
I know it's a better, cleaner option, but...Who the fuck in Jakarta is going to shell out 12 Million for the conversion kit, and more to the point, are they aware that Petrol Stations will require complete "re-vamps" to handle the transfer of the LPG.
Tue, 25 Mar 2008
Pertamina introduces cheap fuel product
State-run oil and gas firm Pertamina on Monday (17/3/08) introduced liquefied petroleum gas (LPG) fuel products for Rp3,600 ($0.39) per liter, Xinhua reported.Called Vigas, the fuel product is available at three Pertamina fuel outlets in Jakarta and the number will be increased to nine by the end...
Tue, 25 Mar 2008
Hutchison Telecom sells assets in $500M deal
Hong Kong's Hutchison Telecommunications International Ltd said a majority-owned unit agreed to sell certain telecommunication assets in Indonesia in a deal worth $500 million, Thomson Financial reported Tuesday (18/3/08).
Tue, 25 Mar 2008
Boost planned for coffee
The Agriculture Ministry wants to make Indonesia a leading prime coffee producer in the world by 2025, the ministry's plantation affairs director, Achmad Mangga Barani, said Wednesday (19/3/08), Antara reported.
Tue, 25 Mar 2008
Daimler may expand bus capacity
Daimler AG, the world's largest maker of commercial vehicles, may raise its production capacity for buses in Indonesia as much as 15-fold, Bloomberg reported Tuesday (18/3/08).The company may invest 10 million euros ($16 million) to expand capacity at its factory in Bogor, West Java, Rudi...
Tue, 25 Mar 2008
Korindo Group to build new pulp plant
The South Korean Korindo Group said it plans to build a new pulp factory in the country, to cost $350 million in 2009, Asia Pulse reported Monday (17/3/08).The company already has three pulp plants with a total production capacity of 800,000 tons a year and a newsprint factory, which has exported...
Tue, 25 Mar 2008
FDI up 19.6% in January
Approvals of foreign investment proposals rose 19.6% on year in January, Thomson Financial reported.They hit $1.40 billion from $1.17 billion a year earlier, data from the National Investment Coordinating Board (BKPM) showed Wednesday (19/3/08).
Tue, 25 Mar 2008
Min: GDP growth could be below 6.4% target
Economic growth this year could be below the government's 6.4% target due to rising uncertainties in the global economy, Finance Minister Sri Mulyani Indrawati said Monday (17/3/08), Dow Jones reported.
Tue, 25 Mar 2008
President wins $3.5B in investment commitments
President Susilo Bambang Yudhoyono wound up his 10-day overseas trip with commitments of $3.5 billion in investment commitments from businessmen in Dubai, the United Arab Emirates.President Yudhoyono returned to Indonesia on Friday (21/3/08), Antara reported, after a tour which took in Iran, where...
Mon, 24 Mar 2008
Indonesian plantation firm to stage IPO in April
Jakarta (ANTARA News/Asia Pulse) - PT Gozco Plantations has said it will sell 1.5 billion shares or 30 per cent of its shares in an initial public offering (IPO) to be held next month.The company said it hoped to secure approval from the capital market and financial agency watchdog Bapepam in the...
Mon, 24 Mar 2008
Minister pledges to resolve labor regulation problems
The Jakarta Post, JakartaThe country's messy labor regulations and bureaucracies have not only discouraged foreign investors from setting up much needed labor-intensive businesses here but have also undermined efforts to send more local workers overseas.
Mon, 24 Mar 2008
International Paper to invest $4b in pulp factory
A giant U.S.-based paper and pulp company, International Paper, plans to invest more than US$4 billion in a pulp factory and industrial forest.Director general for forest product management at the Forestry Ministry, Hadi S. Pasaribu, said the pulp factory would have the capacity to produce 1.
Sun, 23 Mar 2008
Asmindo oprimistic 2008 furniture, handicraft exports to reach US$3 bln
Shenzhen (ANTARA News) - The Indonesian Funiture and Handicraft Industries Association (Asmindo) is optimistic Indonesia will achieve its target of earning three billion US dollars from furniture and handicraft product exports in 2008 despite strong competition from other countries.
Sun, 23 Mar 2008
Govt to boost supervision over labor outsourcing
The government is intensifying supervision of outsourced contract labor in response to indications that companies are misusing contract labor to avoid rigid labor regulations, an official says.Manpower and Transmigration Minister Erman Suparno told The Jakarta Post recently the government would set...
Sun, 23 Mar 2008
Indonesia to open furniture showroom in Shanghai
Shenzhen (ANTARA News) - Indonesia in May 2008 will have a showroom for furniture products in Shanghai, China, in order to promote Indonesian furniture among Chinese people on a continuous basis."We will build a permanent showroom in Shanghai to promote furniture and handicraft products in Shanghai...
Fri, 21 Mar 2008
Asmindo eyes US$60 million from furniture exports to China
Shenzhen (ANTARA News) - The Indonesian Furniture and Handicraft Industry Association (Asmindo) has set a target of furniture exports worth US$60 million to China this year, or an increase by ten percent if compared with those in the previous year, Asmindo chairman Ambar Tjahyono said here on...
Fri, 21 Mar 2008
Indonesia lacks agribusiness players, minister says
Jakarta (ANTARA News) - Agriculture Minister Anton Apriyantono said Indonesia lacked agribusiness players despite the fact that it is a big agrarian country."The number of people willing to do agribusiness in Indonesia is even smaller than that of Singapore which has a large number of agribusiness...