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Tue, 10 Aug 2010
Bali`s imports reach US$136.91 million
Denpasar, Bali (ANTARA News) - The value of Bali`s imports in the second quarter of 2010 increased 242.34 percent to US$136.91 million from US$39.99 million in the same period a year earlier, a statistics official said."The imports in the second quarter also increased 207.35 percent from US$44.
Mon, 09 Aug 2010
Investment, Consumption Fuel Faster GDP Growth
Singapore. Indonesia’s economy grew at a better-than-expected 6.2 percent in the second quarter of 2010 from the same period a year ago, thanks to strong investment, exports and steady household spending, fueling predictions that more than 6 percent growth can be achieved for the year.
Mon, 09 Aug 2010
Indonesian Study Shows Trade Pact Led to Flood of Chinese Goods
A study by the Indonesian Young Entrepreneurs Association has found that more than 70 percent of products from small- and medium-sized industries sold in Indonesia in the six months to June were imported from China.
Mon, 09 Aug 2010
Indonesian Government Ready to Finalize Land Acquisition Reform
The government plans to finalize a draft bill this week that regulates land acquisition for public purposes. The legislation aims to improve infrastructure and ease traffic flow.The government hoped to present it to the House of Representatives soon, a spokesman for Vice President Boediono said on...
Mon, 09 Aug 2010
Non-oil/gas export growth in 2010 may reach 10 pct
Jakarta (ANTARA News) - Indonesia`s non-oil/gas exports in 2010 had been estimated to reach 10 percent, surpassing the earlier set 7 to 8.5 percent."We have targeted non-oil/gas exports at 7 - 8.5 percent, which may even be more than that," Minister of Trade Mari Elka Pangestu said in...
Sat, 07 Aug 2010
Indonesia’s First 24/7 Business Television Channel Ready for Launch
Jakarta. Media Nusantara Citra, the operator of satellite-TV provider Indovision, on Monday will launch MNC Business, Indonesia’s first channel offering 24-hour business and financial news.According to MNC Business project director Arief Suditomo, the channel is “Indonesia’s answer to foreign...
Sat, 07 Aug 2010
Indonesia Takes on an Attractive Sheen
JAKARTA - After years of being known for inefficiency, corruption and instability, Indonesia is emerging from the global financial crisis with a surprising new reputation - economic golden child.The New York TimesThe country’s economy, the largest in Southeast Asia, grew at an annual rate of 6.
Sat, 07 Aug 2010
Govt to raise tourist arrival to target to 7.6 mln
Jakarta (ANTARA News) - The government will increase its foreign tourist arrival target from 7 million this year to 7.6 in 2011, Marketing Secretary of the Tourism Directorate General Noviendi Makalam said.
Sat, 07 Aug 2010
Singapore opens consulate in Batam
SINGAPORE: Singapore's Minister for Foreign Affairs George Yeo visited Batam on Friday for the official opening of the Singapore Consulate in Batam.The consulate in Batam is Singapore's third representation in Indonesia.
Thu, 05 Aug 2010
President : decentralization intended to optimize development in regions
Bogor, West Java (ANTARA News) - President Susilo Bambang Yudhoyono said Indonesia had adopted the decentralization or regional autonomy concept in order to optimize development in each and every region as mandated by the reform movement.
Thu, 05 Aug 2010
Italy third biggest European investor in Indonesia
London (ANTARA News) - Italy is the third biggest European investor country in Indonesia after Britain and the Netherlands with an investment value of US$4.05 million in the first quarter of this year, a diplomat said."Italy`s investment of US$4.
Thu, 05 Aug 2010
President backs idea to make Morotai special economic zone
Ternate, N Maluku (ANTARA News) - President Susilo Bambang Yudhoyono has thrown his weight behind the North Maluku provincial government`s wish to turn Morotai Island into a special economic zone.Addressing a ceremony marking the relocation of North Maluku`s provincial capital from Ternate to...
Wed, 04 Aug 2010
Design is the Weakness of Furniture Products
TEMPO Interactive, Surakarta:Furniture craftsmen in Surakarta have so far been relying on the designs made by foreign buyers. “From 218 furniture businessmen in Surakarta, only 10 percent design their own products,” said the Surakarta Indonesian Furniture Association chief in charge of Raw...
Wed, 04 Aug 2010
China's CIC may invest up to $25 bln in Indonesia
JAKARTA, Aug 3 (Reuters) - China Investment Corp (CIC) may invest up to $25 billion in Indonesia, a minister of Southeast Asia's biggest economy said, a move that will help the fund secure resources in a country hungry for foreign financing.
Wed, 04 Aug 2010
Corruption, Maze of Rules Hinder British Investment
Jakarta. Indonesia could be a prime target for UK investment if it cleared some pitfalls, British Ambassador Martin Hatfull said on Tuesday.The government must overcome corruption, confusing regulations and impediments like the negative investment list if it wanted to realize its full potential as...
Tue, 03 Aug 2010
Manpower minister promises to rearrange outsourcing system
Minister of Manpower and Transmigration Muhaimin Iskandar promised on Monday to rearrange existing outsourcing work contract system because the system was considered to cause losses on the part of the workers.
Tue, 03 Aug 2010
Key political risks to watch in Indonesia
JAKARTA Aug 2 (Reuters) - Indonesia is attracting enormous emerging market investor interest, partly thanks to President Susilo Bambang Yudhoyono's market-friendly reforms.That trajectory, however, is imperilled by vested interests who stand to lose out if measures aimed at increasing transparency...
Tue, 03 Aug 2010
Japan to Build Biofuel Plant in East Java
TEMPO Interactive, Jakarta: Japan has pledged a US$16 million assistance in form of machinery, equipments, and working capital for Indonesia to develop biofuel production of byproducts from sugar industry in the country, the Industry Department said, which is expected to pave way for a similar...
Tue, 03 Aug 2010
Maluku Expo serves as investment gate
Ambon, Maluku (ANTARA News) - The Maluku Expo 2010 will benefit Maluku province and could serve as a gate for the entry of investment for its economic development, a vice minister said."The presence of 169 handicraft product stands in the Maluku Expo arena is proof the rapid growth of...
Tue, 03 Aug 2010
Lampung`s seaweed exports down
Bandarlampung (ANTARA News) - Lampung province`s seaweed exports over the past six months were recorded at US$6,225 only with a volume of 34.86 tons."The seaweed exports declined both in term of values or volumes respectively by 94.12 percent and 59.
Tue, 03 Aug 2010
Bali exports 7.1 tons of coffee
Sunday, August 1, 2010 16:20 WIB | Economic & Business | | Viewed 448 time(s)Denpasar, Bali (ANTARA News) - The Indonesian tourist resort province of Bali exported 7.1 tons of coffee worth US$58,645 in the five period of January-May 2010, a regional government spokesman said.
Tue, 03 Aug 2010
Indonesia exports down 2.87 pct in June
Jakarta (ANTARA News) - Indonesia`s exports in June 2010 fell 2.87 percent to US$12.29 billion from a month ago on a decline in oil and gas exports, the Central Statistics Agency (BPS) said.However, compared to the same period last year, Indonesia`s exports in June 2010 rose 31.
Tue, 03 Aug 2010
Tourist arrivals up 14 pct
Jakarta (ANTARA News) - More than 3.38 million foreign tourists visited Indonesia in the first half of 2010, up 14 percent from the same period last year, the Central Statistics Agency (BPS) said.In June 2010 alone, more than 613.4 thousand foreign tourists visited the country, an 11.
Tue, 03 Aug 2010
Auto industry grows 26.15 pct in second quarter
Jakarta (ANTARA News) - Indonesia`s auto industry grew 26.15 percent in the second quarter oF 2010 compared to the first quarter, according to the Central Bureau of Statistics (BPS).The auto industry`s growth in the second quarter of 2010 was higher than the average growth of medium and big...
Tue, 03 Aug 2010
Rupiah Blamed for Slowdown In Exports
The country’s exports for June slowed partly as a result of the stronger rupiah and a fall in some commodity prices, analysts have said.The Central Statistics Agency (BPS) announced on Monday that exports for June were worth $12.29 billion, a 31 percent increase year-on-year.
Tue, 03 Aug 2010
Trade With Malaysia Bouncing Back To Pre-Crisis Levels, Minister Says
Jakarta. Indonesian Trade Minister Mari Elka Pangestu is optimistic two-way trade with Malaysia will rebound to $15 billion this year - its level before the global financial crisis - thanks to strong commodity prices and the improving economies of both countries.
Mon, 02 Aug 2010
Improving Services for Domestic Connectivity
The Indonesia Services Dialogue is an informal forum to discuss and consider ways to increase growth and efficiency in the Indonesian Services sector. The debate includes government policy makers, regulators, and services providers and users from the business community.
Sun, 01 Aug 2010
Chinese enterprises contribute to Indonesia's economy, society
JAKARTA, Aug. 1 (Xinhua) -- Along with the implementation of " going out" strategy, there has been more than 700 Chinese enterprises registered in Indonesia, contributing a lot to Indonesia's economy and society.
Sun, 01 Aug 2010
Minister : Maluku`s fishery potential can boost its economy
Ambon, Maluku Province (ANTARA News) - Maluku`s fishery potential can boost the province`s s economy, said Fisheries and Marine Affairs Minister Fadel Muhammad."The fishery potential existing in Maluku must be used to support the economy of this region in particular and Indonesia in...
Sun, 01 Aug 2010
Indonesia offers tremendous business opportunities for M`sian firms
Kuala Lumpur (ANTARA News/Bernama) -- The Malaysia External Trade Development Corporation (Matrade) recently concluded a specialised marketing mission to Jakarta and found tremendous business opportunities for Malaysian construction companies.
Sun, 01 Aug 2010
Darmin: Currencies appreciate because Asian economies improving
Jakarta (ANTARA News) - Bank Indonesia governor Darmin Nasution said Asian currencies are appreciating including the rupiah because economic growth in the region is better than in the US."This is more because data about the US economy are not as good as expected by main players and analysts...
Sun, 01 Aug 2010
Customs, excises agency continuously reforming itself
Jakarta (ANTARA News) - The Customs and Excises Directorate General is continuously reforming itself in order to optimize state revenue, its chief said."We have been continuously implementing bureaucratic reform since 2007, and we do it systematically.
Sun, 01 Aug 2010
Minister: Trend in export growth up
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said the trend in export growth is rising in line with increasing export demand from countries in Asia."I saw until May the trend is still around 30 percent compared to that of the same period last year," she said after the...
Sun, 01 Aug 2010
Indonesia: spike in first half investment
The stream of upbeat economic news out of Indonesia continues with figures showing the country is on track to meet ambitious investment targets this year.Data released by the investment coordination board Wednesday showed a 40 jump in realised domestic and foreign investment in the first six months...
Sat, 31 Jul 2010
Indonesia must provide connectivity, infrastructure, energy to attract more foreign investors: economist
JAKARTA, July 30 (Xinhua) -- Indonesia must provide good connectivity, infrastructures, energy supply and simplified regulation to attract more foreign investors, an economist told Xinhua in an exclusive interview on Friday.
Fri, 30 Jul 2010
Regional Champions Attract Investors
TEMPO Interactive, Jakarta:The Investment Coordinating Board (BKPM) chairman, Gita Wirjawan, said the regional champion program launched at the beginning of this year has managed to attract domestic and foreign investors.
Fri, 30 Jul 2010
Caterpillar Mulls Production Base in Indonesia, Gita Says
Jakarta. US heavy equipment maker Caterpillar may pick Indonesia as its Southeast Asia manufacturing base, joining the likes of South Korea’s LG Electronics, which is also considering such a move, as Jakarta takes on regional rivals Vietnam and Thailand, Indonesia’s investment chief said.
Thu, 29 Jul 2010
US among top-three investors in Indonesia
[size:14pt]US among top-three investors in Indonesia[/sizeThe US is the third top country to make investments in Indonesia, a top official says.The Investment Coordinating Board head Gita Wirjawan said Wednesday the realization of the US’ investment reached US$330 million with 33 projects in the...
Thu, 29 Jul 2010
The rent-seeking mentality
It is mind-boggling to learn of the complete ignorance on the part of the Home Ministry regarding the thousands of regional bylaws on taxes and user charges/retributions throughout the country that are greatly inimical to investments and regional trade.
Thu, 29 Jul 2010
BKPM Reports Sharp Rise in Indonesian Investment
Indonesia. Indonesia experienced a surge in foreign direct investment in the first half of the year, creating expectations that the total for the year may exceed earlier forecasts, the Investment Coordinating Board announced on Wednesday.
Thu, 29 Jul 2010
Central Jakarta Office Space Losing Appeal, Procon Says
Jakarta. More businesses will be relocating to South Jakarta and West Jakarta over the next several years, with the central business district seeing a decline in its share of the market due to high rents and traffic congestion, property analysts said.
Thu, 29 Jul 2010
Rattan Businessmen Targets Chinese Market
TEMPO Interactive, Jakarta:The Indonesian Furniture Association chairman Ambar Tjahjono is calling on rattan businessmen to start marketing their products in the China market. China’s strong domestic market, according to him, has great prospects.“China only earns US$ 35 billion from exports.
Thu, 29 Jul 2010
Turkish Companies on Indonesia Visit
TEMPO Interactive, Jakarta: Representattives from six Turkish corporations in negotiation for cooperation and investments in Indonesia with seven indonesian firms has visited Jakarta today for further talks a month the first signings of Memorandum of Understanding during President Susilo Bambang...
Thu, 29 Jul 2010
Over 50 Percent of Investment Target this Year Achieved
TEMPO Interactive, Jakarta:New investments during the first semester of this year reached Rp 92.9 trillion. According to the chairman of the Investment Coordinating Board (BKPM), Gita Wirjawan, 58.1 percent of this year’s Rp 160 trillion investment target had been fulfilled.
Thu, 29 Jul 2010
BKPM hints investment to hit rp180 trillion
Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) has hinted the realization of investment may hit a record of Rp180 trillion this year if the government is able to improve infrastructure facilities and ensure energy supplies."Let`s wait and see.
Thu, 29 Jul 2010
Online Businesses to be Subject to Pay Income Tax in Installments
The Directorate General of Tax has stated that online businesses will be subject to pay a monthly installment of their annual Income Taxes as set out in the Director General of Tax Regulation No. PER-32/PJ/2010 on the Implementation of the Imposition of Article 25 Income Tax for Certain Businesses...
Wed, 28 Jul 2010
Singapore, No 1 Investor in Indonesia
VIVAnews - The United States is the third top country that makes investment in Indonesia at a total of US$0.3 billion worth of contribution in 33 projects.However, up until the second quarter of 2010, Singaporean investors are listed as number one with a total investment of US$1.
Tue, 27 Jul 2010
Govt aims to achieve rice, corn self sufficiency in 2014
Plus they drained the peat bogs for Suharto's Mega Rice fuck up thus massively adding to global warming. Indo rice is crap anyway, all sticky and stodgy. They should at least grow long grain. Or
Tue, 27 Jul 2010
Govt aims to achieve rice, corn self sufficiency in 2014
teh rice self-sufficiency fetish seems common in asia. perhaps it can be traced back to when famines were more common in these parts.what ever the reason, indonesian farmers are not very good at rice growing.
Tue, 27 Jul 2010
Govt aims to achieve rice, corn self sufficiency in 2014
"Self-sufficiency in food production as a manifestation of food resilience is of great importance to meet the people`s basic necessities, and ensure national economic and political stability," he said.Bollocks, it's just typical Indo rice fetishism.