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Wed, 25 Feb 2009
Rio Tinto says committed to Indonesia nickel project
JAKARTA, Feb 24 (Reuters) - The Indonesian unit of Rio Tinto Ltd/Plc (RIO.AX)(RIO.L) remains committed to a $2 billion nickel project in Indonesia's Sulawesi island, although is waiting for more clarity under a new mining law, an executive said on Tuesday.
Wed, 25 Feb 2009
Minister says difficult for industries to expand this year
Jakarta (ANTARA News) - Industry minister Fahmi Idris said it would be difficult for industries in the country to expand this year in view of low credit growth.He said here on Tuesday that the national credit growth this year was expected to reach only around 15 percent compared to 31 percent last...
Wed, 25 Feb 2009
Domestic investment predicted to be higher than FDI
Jakarta (ANTARA News) - Indonesia`s Capital Investment Coordinating Board (BKPM) predicts the growth of domestic capital investment in the country would be higher this year than that of foreign directl investment (FDI).
Wed, 25 Feb 2009
Kuwaiti Oil Firm to Invest $300MM for Increase in Indonesian Output
There is something here they are not being straight about. They never mentioned that they sold their majority shareholding of their Bula field operations to the Chinese (CITIC) and that the field is in severe decline.
Wed, 25 Feb 2009
Indonesia investment agency says FDI jumps 61 pct in Jan
JAKARTA, Feb 24 (Reuters) - Foreign direct investment in Indonesia jumped 61 percent to 6.39 trillion rupiah ($536 million) in January from a year ago, the state investment agency said on Tuesday, despite the global economic downturn.
Wed, 25 Feb 2009
Firm Legal Ground Needed to Boost Foreign Investment: Australian Miners
Australian mining companies are still interested in digging minerals in Indonesia, despite uncertainties surrounding the country’s new Mining Law, social issues, and tax and fiscal regimes, Australian mining representatives said on Tuesday.
Wed, 25 Feb 2009
Mining Law Additions to Be Set by July
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.
Wed, 25 Feb 2009
Government Scrambles to Find New Power Investors
The central government is desperately seeking new investors, including from the Middle East, to finance its stalled $8 billion “fast-track” energy expansion program, after a consortium of Chinese banks - the major backers of the progra m - apparently dropped out due to a separate trade dispute...
Wed, 25 Feb 2009
Kuwaiti Oil Firm to Invest $300MM for Increase in Indonesian Output
Xinhua News Agency The Kuwaiti oil and gas company KUPPEC, a subsidiary of Kuwaiti Petroleum Corporation, would invest another US $200 to $300 million in Indonesia within 2 to 3 years, a KUPPEC top official said here Tuesday.KUPPEC Deputy Managing Director A.
Wed, 25 Feb 2009
Batam cries out for mental asylum amid crisis
Batam, an island where the government plans to adopt China’s strategy to attract global investment by building a special economic zone is home to an increasing amount of people with various kinds of mental illness, a problem that will only worsen as the global economy plunges into crisis, an...
Wed, 25 Feb 2009
PGE to invest US$130 mln in geothermal power projects
Jakarta (ANTARA News/Asia Pulse) - PT Pertamina Geothermal Energy (PGE) has said it will spend US$130 million this year to finance development of a number of geothermal power projects.PGE President Abadi Poernomo said the subsidiary of state oil and gas company PT Pertamina was now developing the...
Tue, 24 Feb 2009
Indonesia and The Netherlands to Cooperate in Legal Sector
TEMPO Interactive, Jakarta:Indonesia and the Netherlands have agreed to the signing of an MoU in the legal sector.The MoU was signed by Indonesian Justice and Human Rights Minister Andi Mattalata and the Netherlands’ Justice Minister E.M.H. Hirsch Ballin in Jakarta yesterday (23/2).
Tue, 24 Feb 2009
Banten Targets Rp10.8 Trillion Investment
TEMPO Interactive, Serang:The Banten Province is targeting Rp10.8 trillion in investments from foreign or national companies.Muhamamd Husni Hasan, Regional Investment Coordinating Board (BKPMD) chairman, said he was convinced that investors’ interest in the province was still high.
Tue, 24 Feb 2009
Japan Mulls Importing More Indonesian Textiles
Japan Mulls Importing More Indonesian Textilesby Dian AriffahmiJapan is looking to Indonesia to supply more textiles and clothes in an effort to reduce its dependence on Chinese exports, a senior Japanese official said on Monday.
Tue, 24 Feb 2009
Minister Expects Higher Mineral Output This Year
Indonesia is prepared to literally dig its way out of its fiscal problems, aiming to increase production of all its key mining products, including gold, copper and nickel, Energy and Mineral Resources Minister Purnomo Yusgiantoro told legislators on Monday.
Tue, 24 Feb 2009
PGE Going Geothermal in Lahendong
Lahendong, North Sulawesi. PT Pertamina’s geothermal subsidiary plans to invest $90 million in geothermal-fired power plants producing 40 megawatts of power in Lahendong, North Sulawesi Province, by 2012, Abadi Poernomo, the president director of PT Pertamina Geothermal Energy, or PGE, said on...
Tue, 24 Feb 2009
Indonesia clamps down on steel imports to protect local market
JAKARTA, Feb 20 (Reuters) - Indonesia has issued a regulation to protect its domestic steel industry from illegal steel imports, officials said on Friday, at a time when the government it promoting local goods to drive economic growth.
Tue, 24 Feb 2009
Pride and economic sustainability
When will Indonesia have a globally recognized internet and technology company? This is a difficult question to answer, because our governments have focused mostly on the natural resources sector. Many incentives and initiatives backed by the government are directed to the energy and agriculture...
Tue, 24 Feb 2009
Import duties varied to help real sector
Aditya Suharmoko, THE JAKARTA POST, JAKARTA The government has accelerated the planned revision of import duties for certain group of products to help protect Indonesia’s real sector from the negative impact of the global economic crisis, the Finance Ministry said in a statement Friday.
Thu, 19 Feb 2009
Talks explore free trade agreement with Indonesia
The Trade Minister, Simon Crean, will today meet Indonesian officials in a bid to open up trade between the two countries.Mr Crean says he's concerned by the increasing number of countries moving towards protectionism.
Thu, 19 Feb 2009
Furniture Makers Want Cash, Not Tax Cuts
A leader of Indonesia’s furniture and craft industry, one of the world’s biggest, complained on Wednesday that the government’s plan to provide the industry with tax incentives would not be effective, saying instead that most of the companies involved needed direct cash infusions if they were...
Thu, 19 Feb 2009
Indonesia reopens peatland to palm oil plantation
• Government says tighter controls on peatland permits have been set• Campaigners warn of rise in greenhouse gas emissions from land clearanceIndonesia today acknowledged it had quietly lifted a year-long freeze on the use of peat land for palm oil plantations, fuelling fears of a rise in...
Thu, 19 Feb 2009
Chevron to decide big investment in 2011
US-based energy giant Chevron Corp. may come up with the final investment decision to develop Indonesia's first deep-water gas project off East Kalimantan as early as 2011.Meanwhile the government hints that this expensive project may get privileged exemption from the regulation which requires all...
Thu, 19 Feb 2009
2009 Infrastructure: Time to press the accelerator pedal
Andhika Suryadharma, Analyst The Indonesian Investment Coordinating Board recently stated there are three industries expected to be the prime driving force behind investment in 2009: Agriculture, energy and infrastructure.
Thu, 19 Feb 2009
RI CPO exporters seek to comply with EU certification rules
The Jakarta Post, Jakarta Indonesia's crude palm oil (CPO) exporters are preparing themselves to have their products meet the "sustainable certification" requirement.This requirement is soon to be applied in international markets, and Indonesian exporters need to comply so as not to lose...
Wed, 18 Feb 2009
Foreign firms renew orders for $990M shoe supplies
Five multinational companies have renewed orders for Indonesian shoemakers to supply shoes valued at $990 million until July this year, Asia Pulse reported on Friday. Fila, Adidas, Nike, Reebok and Diadora earlier cancelled the orders on global economic slowdown, Eddy Widjanarko, chairman of the...
Wed, 18 Feb 2009
Rp4T to be injected for new infrastructure body
The government, in concert with the World Bank and Asian Development Bank (ADB), plans to inject up to Rp4 trillion ($340 million) into a special body that will provide loans to investors interested in developing long-term infrastructure projects, a senior government official said on Tuesday, The...
Wed, 18 Feb 2009
Indonesia`s per capita income up 24% in 2008
Jakarta, (ANTARA News/Asia Pulse) - Indonesia's per capita income rose 24 per cent to US$2,271 in 2008 from US$1,942 in 2007 with Gross Domestic Product at Rp4,954 trillion (US$450 billion) based on current prices.Last year, the country's GDP based on constant prices of 2000 reached Rp2,082.
Wed, 18 Feb 2009
No, You Don’t Have to Buy Indonesian, But Please Do
Trade Minister Mari Elka Pangestu on Tuesday reassured reporters that the central government would not be issuing a decree forcing civil servants only to buy domestically made products. She is, however, pursuing a government-sanctioned campaign to encourage the use of Indonesian products.
Wed, 18 Feb 2009
Crisis-hit Indonesian malls have plenty of visitors, few sales
Crisis-hit Indonesian malls have plenty of visitors, few sales AFP/File – Visitors of a mall enjoy music at a café as part of its strategy to attract shoppers in Jakarta, on …JAKARTA (AFP) – With opulent attractions from children's rides and slippery slides to faux-European boulevards, the...
Wed, 18 Feb 2009
Monsanto starts India GM corn trials, eyes Indonesia
SINGAPORE - Monsanto (MON.N), the world's biggest seed company, has started field trials for genetically modified corn in India, but it could take a few years for the seeds to be ready for a commercial launch, company executives said on Tuesday.
Wed, 18 Feb 2009
/Chevron Mulls Deepwater Indonesia Gas Project
Chevron Corp will decide whether to move to the final design of the deepwater Kutai Basin natural gas project off Indonesia's East Kalimantan province by year-end, the U.S. major oil firm said on Tuesday.
Wed, 18 Feb 2009
Consumer sentiment remains strong but jobs need protection
Debnath Guharoy, Consultant Last week's update reported the relative calm in Indonesia's fast moving consumer goods industries.The basket of five "essentials" reflecting all-weather products are still faring well, though there is strong evidence of downtrading in some categories,...
Wed, 18 Feb 2009
Government offering 15 geothernal fields for power bids
The government is to soon offer 15 geothermal fields up for power development tenders expected to generate a total of about 1,500 MW (megawatts) of electricity requiring a total investment of US$ 4.5 billion.
Wed, 18 Feb 2009
Summary of Indonesia Import Trade Restrictions (Decree 56/2008)
English translation of import restrictions imposed by the Minister for Trade.Trade Decree 56, signed on 24 December 2008, supersedes Decree 44. Trade Decree 56 is similar to Decree 44 in terms of the introduction of new import procedures for five broad categories of products, namely: * Electronics*...
Wed, 18 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
Originally Posted By: KuKuKaChuyou could use external supports quite easily; guy wires, stakes, etc. also, hydroponic plants typically grow very shallow and fibrous roots. also, they could be "dwarfed" using hard pruning. Shut ya blud clart mout Kuku mon .]
Tue, 17 Feb 2009
Info minister calls on public to buy Indonesian products
Originally Posted By: biznewsInfo minister calls on public to buy Indonesian products...........He said it was time to change the paradigm that quality and branded products were always imported products while domestic products were always poor.
Tue, 17 Feb 2009
Land certificate process made easy in C. Jakarta
JAKARTA: Starting Monday, the Central Jakarta chapter of the National Land Agency will run a mobile service called Larasita, acronym for the Public Service for Land Certification, in an bid to wipe out illegal fees often occurred in land certificate procedures.
Tue, 17 Feb 2009
Coal Sales to be Below Standard Price
TEMPO Interactive, Jakarta:Mineral, Coal, and Geothermal director general Bambang Setiawan has said the government has indicated coal businesses paying royalties to the government to be selling coal below the standard price.This has created concerns that the state’s revenues will decrease.
Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
you could use external supports quite easily; guy wires, stakes, etc. also, hydroponic plants typically grow very shallow and fibrous roots. also, they could be "dwarfed" using hard pruning.
Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
Originally Posted By: Polisi Cepekaren't they big huge trees? What medium would the roots be in so it didn't fall over?? They are more shrubby than tree-like, but they can grow quite tall - probably over 3 meters.
Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
aren't they big huge trees? What medium would the roots be in so it didn't fall over??
Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
it would be quite possible. the question is, would it be cost effective.
Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
Hydroponic "guava" eh? Nudge, nudge. Sure as hell no-one's growing a tree that size hydroponically.
Tue, 17 Feb 2009
Info minister calls on public to buy Indonesian products
Jakarta, Feb 16 (ANTARA) - Minister of Communications and Information M. Nuh called on the Indonesian public here on Monday to prefer using domestic IT products including computers and laptops."This is important as a real effort to reduce potential lay-offs," he said.
Tue, 17 Feb 2009
State enterprises aim to boost real sector to counter slowdown
The Jakarta Post, JAKARTA State owned enterprises (SOEs) have increased capital expenditure up to a total of Rp 146.9 trillion (US$12.49 billion), in order to boost the growth of the real sector which has been slowing down due to the global economic downturn.
Tue, 17 Feb 2009
Govt to secure 65m tons of coal for the local market
Indonesia expects to secure 65 million tons of coal for the domestic market this year, in part thanks to a planned regulation requiring that coal contractors must sell part of their coal production to the domestic market.
Tue, 17 Feb 2009
Oil investment in weak market
The US$14 billion oil and natural gas mining contractors plan to spend this year on exploration and production development would not generate a lot of new jobs, which we badly needs, as the country is widely predicted to suffer from a steep economic downturn, with a projected growth rate as low as...