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Sun, 08 Mar 2009
Ras Al Khaimah invests into Indonesian coal infrastructure
RAK Minerals and Metals Investments (RMMI) has announced its interest in the Indonesian province of East Kalimantan’s coal infrastructure, on behalf of the Government of Ras al Khaimah. Investments are planned to be made by RMMI into the coal infrastructure in East Kalimantan.
Sat, 07 Mar 2009
Sulawesi Projects May Be Scrapped Due to Graft
Two major infrastructure projects said to be worth Rp 100 billion ($8.3 million) in South Sulawesi Province may have to be cancelled if they are connected to the bribery arrests on Monday of three individuals, including a former lawmaker and a Transport Ministry official, said Jusman Syafel Jamal,...
Fri, 06 Mar 2009
Regional autonomy way off track, expert says
Ten years down the track, regional autonomy may be doing more harm than good, the founding father of the country’s current self-reliance model says.“The practice of regional autonomy has strayed far from its initial path,” Ryaas Rasyid, a former director general of regional autonomy and...
Fri, 06 Mar 2009
Government Re-examines Infrastructure Project
TEMPO Interactive, Jakarta: Government is reexamining all infrastructure project plans after global investment dropped. Deputy for Coordinating Minister for the Economy for Infrastructure and Area Development Division, Bambang Susantono, said the government will prioritize projects that are...
Fri, 06 Mar 2009
Batam to see Rp 1.5 trillion investment in one integrated resort
Fadli , The Jakarta Post , Batam | Thu, 03/05/2009 1:51 PM | BusinessPT Grand Uway Development will open a 15 hectare integrated tourism and business resort worth Rp 1.5 trillion (US$124.5 million) in Batam, Riau Islands.
Thu, 05 Mar 2009
City to revive tourism in 1,000 Islands
Triwik Kurniasari, The Jakarta Post, JAKARTA After more than a decade of tourism malaise on the Thousand Islands regency, the city has plans in store for a revival.The city administration will procure more accessible public transportation to serve the regency, including enlarging its airport runway...
Thu, 05 Mar 2009
$100m mega jatropha project
Ika Krismantari, The Jakarta Post, JAKARTAMother Earth Plantations Pte (MEP) is investing in the first mega jatropha project in Indonesia, with US$100 million over four years in West Timor.Singapore-based MEP president Roland A.
Thu, 05 Mar 2009
ICD Chief: Foreign Investors Want Property Ownership
The Islamic Corporation for the Development of the Private Sector is a multilateral affiliate of the Islamic Development Bank Group. Established in Jeddah in 1999, it has a mandate to support the economic development of its member countries by financing private sector projects in accordance with...
Wed, 04 Mar 2009
Less imported raw materials: Industrial output to fall
In addition to declining exports, Indonesia’s industry is under another threat of equally great significance - a continued drop in imports of key raw materials.Such conditions could have a major impact on the unemployment rate, said Edy Putra, a deputy to the Coordinating Minister for the...
Wed, 04 Mar 2009
CPO Imports to European Union Increase
TEMPO Interactive, Jakarta: Crude Palm Oil (CPO) imports from Indonesia and Malaysia to the European Union (EU) increased last year. At the same time however, the EU is discussing a proposal accusing Indonesia of deforestation.
Tue, 03 Mar 2009
Mining Law regulations expected by July: Ministry
The Energy and Mineral Resources Ministry expects implementing regulations for the recently enacted Mining Law to be ready by July at the latest, hopefully clearing the way for a resumption of investment in the sector, The Jakarta Globe reported.
Tue, 03 Mar 2009
Govt. expects higher 2009 oil exploration: BP Migas
The government expects oil contractors operating in Indonesia to boost exploration spending by 50% to $2.7 billion in 2009 from $1.8 billion in 2008, a senior official at the upstream oil and gas regulatory body told Reuters on Friday.
Tue, 03 Mar 2009
Tourism revenue predicted to decline 10%
Earnings from the tourism sector are forecast to shrink 10% to $6.75 billion this year from $7.5 billion last year despite an expected increase in the number of visitors, an official from the Tourism and Culture Ministry said, Asia Pulse reported.Last year, 6.
Tue, 03 Mar 2009
Hutchison to invest up to $1B in Indonesia
Hong Kong-based telecommunications company Hutchison Telecom International says it is committed to Indonesian and will invest up to $1 billion until 2010, Asia Pulse reported.The statement came after reports that it would abandon projects in the country and was seeking buyers for its stake in PT...
Tue, 03 Mar 2009
Foreign investment jumps 61% in January: BKPM Foreign direct investment jumped 61% to Rp6.39 trillion ($536 milli
Foreign direct investment jumped 61% to Rp6.39 trillion ($536 million) in January from a year ago despite the global economic downturn, the Investment Coordinating Board (BKPM) said on Tuesday, Reuters reported.
Tue, 03 Mar 2009
Indonesia's Exports Plunge Most in 22 Years, Inflation Slows Email | Print | A A A By Aloysius Unditu and Ari
March 2 (Bloomberg) -- Indonesia's exports fell the most in more than 22 years in January and inflation slowed the following month, increasing scope for the central bank to reduce its benchmark interest rate this week.Overseas shipments plunged 35.5 percent to $7.
Tue, 03 Mar 2009
UAE fund plans Indonesia coal rail link
JAKARTA, March 2 (Reuters) - A United Arab Emirates' fund signed a memorandum of understanding on Monday with an Indonesian provinicial government on developing a 125 km (80 mile) rail link and jetty for coal transportation in East Kalimantan.
Tue, 03 Mar 2009
Indonesia realizes promotion to Middle East still insufficient
Jakarta (ANTARA News) - Indonesia realizes that its promotion to the Middle East is still insufficient causing investment from the region remains low.The country`s state enterprise minister, Sofyan Djalilm said here on Monday "we are still under-promoted in the Middle East so that only few...
Tue, 03 Mar 2009
Exports Tumble in January As Global Slump Hits Home
Indonesia’s exports skidded dramatically in January, by 36.8 percent year-on-year and 17.70 percent month-on-month, the Central Statistics Agency, or BPS, reported on Monday.Demand weakened in every major trading destination. Imports fell as well, down 17.63 percent from December to $6.
Tue, 03 Mar 2009
$3 billion WIEF Investment Falls Short of Goal
Indonesia’s high hopes of netting a hefty investment package at the much-awaited fifth World Islamic Economic Forum were sobered on Monday with conference organizers announcing oil-rich Middle Eastern countries were only bringing $3 billion in potential investments to the table, well short of the...
Mon, 02 Mar 2009
Jakarta Predicted to be Underwater By 2012
we're sinking!!Jakarta Predicted to be Underwater By 2012TEMPO Interactive, Jakarta:Firdaus Ali, a technical environment researcher from the University of Indonesia, predicts that Jakarta will be underwater before the year 2012.
Mon, 02 Mar 2009
High Hopes That Economic Forum Will Pay Off
Indonesia will try to lure Middle Eastern investors to put their money to work in Southeast Asia’s largest economy during the fifth World Islamic Economic Forum, or WIEF, being held in Jakarta from Monday through Tuesday.
Fri, 27 Feb 2009
Government sets Rp 90 trillion to promote local products
Businesses may see Rp 90 trillion (US$7.5 billion) in extra demand for domestic products this year, as the government intensifies efforts to bolster the local market amid rapidly declining global demand.
Fri, 27 Feb 2009
Mining law digs up new doubts
Alfian, The Jakarta Post, JAKARTADespite the enactment of the new mining law, Indonesia will probably continue to suffer from a prolonged investment drought in the mining sector, a survey suggests.A recent survey by mining industry consultants PricewaterhouseCoopers (PwC) shows investors conclude...
Fri, 27 Feb 2009
New Idea to Boost Economy: Should Police Wear Batik? The Minister of Industry is sticking to his gu
And use local laptops - i forget the brand, jesus what a shocker.
Fri, 27 Feb 2009
New Idea to Boost Economy: Should Police Wear Batik? The Minister of Industry is sticking to his gu
They should also all be made to drive Indonesian cars and use Indonesian mobile phones.
Fri, 27 Feb 2009
Indonesia still on radar of Malaysian planters
It remains the choice location for oil palm cultivationPETALING JAYA: The current low crude palm oil (CPO) prices and global economic slowdown will not hinder most Malaysian plantation companies from acquiring additional green fields or existing oil palm plantations in Indonesia.
Fri, 27 Feb 2009
Indonesian Biofuels Subsidy Row
ImageThe world's biggest producer of palm oil can't get it together to make biofuelsThe Indonesian government, confronted with a collapse in demand for biofuels and resistance from the state energy company Pertamina to continue to sell biofuels at a loss, is attempting to push a proposal through...
Fri, 27 Feb 2009
National or Global Interest?
ImageIndonesia's macro performance doesn't look that bad – but keep protectionism at bayIndonesian Industry Minister Fahmi Idris and Trade Minister Mari Pangestu are having a row about shoes. Neither of them wants to be in the other one´s shoes but both are treading on each other's feet.
Fri, 27 Feb 2009
New Mining Law Making Straits Asia Suitors Skittish
Preliminary bids for a stake in Indonesia-focused coal miner Straits Asia Resources are due this week, but interest among buyers is ebbing as the deadline looms, deal makers said.Among the worries are questions about Indonesia’s new mining laws.
Fri, 27 Feb 2009
New Idea to Boost Economy: Should Police Wear Batik? The Minister of Industry is sticking to his gu
The Minister of Industry is sticking to his guns about a government policy that requires civil servants to wear Indonesian- made clothing and footwear, despite criticism that the scheme is unfair and unworkable.
Thu, 26 Feb 2009
Mulyani Says She Remains ‘Obsessed’ With Shaking the Up State Bureaucracy
The government, now more than ever, must focus on reform of the civil service, judicial system and security forces in order to attract much-needed foreign investment and spur economic growth, Finance Minister Sri Mulyani Indrawati believes.
Thu, 26 Feb 2009
3 Paddy Seed Firms’ Import Licenses Pulled
Agriculture Ministry officials have barred three hybird paddy seed producers from importing seeds from India and China, saying the three had run out of time to produce and develop seeds domestically, Sutarto Alimoeso, the ministry’s director general of food crops said Wednesday.
Thu, 26 Feb 2009
PT Pos’ Online Financial Network Begins Next Year
TEMPO Interactive, Jakarta:State-owned postal service, PT Pos Indonesia will begin its online financial network next year. “The try-outs started this year,” said PT Pos Indonesia’s deputy director, I Ketut Mardjana, in Jakarta yesterday.
Thu, 26 Feb 2009
Australia Exempts Duty for Indonesian Products
TEMPO Interactive, Jakarta:Indonesian products entering Australia will be charged zero percent dutt during the period of 2009 – 2010. Trade Minister Mari Elka Pangestu said Indonesia will receive rate reduction for textile and footwear products. So far, Indonesian textiles are charged 5 – 17.
Thu, 26 Feb 2009
US eyes Indonesia as key partner
Originally Posted By: biznewsProsperous Switzerland said last week it had chosen Indonesia as one of the priority countries in Asia for development of a new partnership, The Jakarta Post reported. Yes, it's been a long time since Suharto stashed his billions in chocolate land.
Thu, 26 Feb 2009
GM likely to postpone $60M investment
General Motors Corp. (GM) will likely delay a planned $60 million Indonesian investment this year because of difficulties in securing local components, Asia Pulse reported.The local component industry is beset by crisis as a result of weak demand from auto makers, PT General Motor Autoworld...
Thu, 26 Feb 2009
Palm oil ports, oleochemical plants planned for E. Kalimantan
An investor from the United Arab Emirates plans to invest $636.8 million to develop palm oil ports and terminals, railroads and industrial estates in East Kalimantan, Governor Awang Faroek Ishak said, Bisnis Indonesia reported.
Thu, 26 Feb 2009
ASEAN+3 moves to cushion financial meltdown
Finance Ministers of Southeast Asia nations, Japan, China, and South Korea (ASEAN+3) agreed Sunday to prepare precautionary measures aimed at avoiding the region from falling deeper into severe financial meltdown, The Jakarta Post reported.
Thu, 26 Feb 2009
Low resources prices depress growth
Poor prices for minerals and agricultural products depressed growth during the fourth quarter, when growth was recorded at 5.4%, while full-year 2008 came in at 6.1%, the Central Bureau of Statistics (BPS) reported last week.
Thu, 26 Feb 2009
US eyes Indonesia as key partner
With its giant population and moderate brand of Islam, Indonesia is fast emerging as a cornerstone US partner for President Barack Obama's administration, observers say, following the visit to Indonesia of the top US diplomat, Agence France-Presse reported.
Thu, 26 Feb 2009
Govt to regulate minimum coal selling prices
Alfian, The Jakarta Post, Jakarta To complement the recent enactment of the new mining law, the government is preparing to introduce a coal pricing index which will set the minimum selling prices required for producers.
Thu, 26 Feb 2009
RI still underestimates marine potential
Indonesia is still yet to capitalize on the economic potential of its marine environment, Maritime Affairs and Fisheries Minister Freddy Numberi told a seminar in Jakarta on Wednesday.“We are still restricted by a land-based approach which emphasizes the potential of utilizing land for profit,”...
Thu, 26 Feb 2009
Free-Trade Deal With NZ, Australia Ready for Signing
The Association of Southeast Asian Nations, or Asean, is set to ink a free-trade agreement today with Australia and New Zealand. The deal, dubbed AANZ-FTA, is expected to remove import duties worth $2.95 billion annually on Indonesian exports to Australasia this October, and will see tariffs...
Wed, 25 Feb 2009
Anti-Graft Czar: Will Take Up To 20 Yrs To Clean Up Indonesia
Originally Posted By: kenyeungOriginally Posted By: KuKuKaChuin 1994-1995, involving myself, the then head of BKPM Theo TeomionJust a moment. Theo Toemion was head of BKPM from June 2001 to May 2005. Prior to being given the BKPM top job (at the behest of Mega) he was occupied in the DPR, dealing...
Wed, 25 Feb 2009
Anti-Graft Czar: Will Take Up To 20 Yrs To Clean Up Indonesia
Originally Posted By: KuKuKaChuin 1994-1995, involving myself, the then head of BKPM Theo TeomionJust a moment. Theo Toemion was head of BKPM from June 2001 to May 2005. Prior to being given the BKPM top job (at the behest of Mega) he was occupied in the DPR, dealing with BI amendment and PDIP...
Wed, 25 Feb 2009
Anti-Graft Czar: Will Take Up To 20 Yrs To Clean Up Indonesia
i have personally experienced KPK backing down in the face of pressure, in 1994-1995, involving myself, the then head of BKPM Theo Teomion, the direktur-jendral of immigration, and the head of the Foreigners Supervisory division of the immigration office.
Wed, 25 Feb 2009
Anti-Graft Czar: Will Take Up To 20 Yrs To Clean Up Indonesia
Quote:Azhar denied anyone is untouchable in Indonesia, saying the dearth of so- called "big fish" being caught was due to the difficulty of proving corruption cases."For example even if I strongly suspect you're corrupt, I just can't arrest you as I please.
Wed, 25 Feb 2009
Anti-Graft Czar: Will Take Up To 20 Yrs To Clean Up Indonesia
JAKARTA (AFP)--He counts lawmakers and senior officials among his scalps but Indonesia's anti-corruption chief says it could be 20 years before graft entrenched at all levels of government has been cleaned up.
Wed, 25 Feb 2009
Investment jumps 61% in January
The Jakarta Post, JAKARTA The global financial crisis has yet to derail flows of investment into Indonesia, as foreign investment in January jumped by 61 percent from a year earlier.Foreign direct investment (FDI) in the first month of the year reached US$710 million, far more than the $440 million...