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Wed, 06 Dec 2006
Indonesia has 19 billion ton coal deposits
Denpasar, Bali (ANTARA News) - Indonesia has at least 19 billion tons of coal deposits that may replace oil and gas as a source of energy in the future, an Energy and Mineral Resources Ministry official said on Monday.
Wed, 06 Dec 2006
Import of machines, production tools up 10%
Jakarta (ANTARA News) - Indonesia`s imports of machines and production tools continue to increase by an everage of more than 10 percent per annum because most of these products are not yet produced at home, an Industry Ministry official said here on Monday.
Wed, 06 Dec 2006
Redefining Indonesia's socio-economic strata
The commonly used term "middle class" has never really been defined and, if it has, this writer hasn't seen it. In 1997, an economic crisis redefined the value of the rupiah and its buying power at the pasar.
Wed, 06 Dec 2006
Open-source system sought for SMEs, ministries
To help protect intellectual property rights and reduce costs, the State Ministry for Research and Technology is urging state institutions, and small and medium enterprises to adopt open-source software for their computers.
Tue, 05 Dec 2006
Govt. Gets$1.35b in Bio-fuel Proposals
The government has received applications for license to build new bio-fuel factories with a total investment of $1.35 billion.Data at the investment coordinating board, BKPM, showed that 31 domestic companies and 24 foreign investors have sought license to invest Rp8 trillion ($888 million) and...
Tue, 05 Dec 2006
Japanese Firms Readying Big Energy Projects
Japanese trading houses and power companies are preparing to launch several large projects in Indonesia, including power generation, the Nihon Keizai Shimbun learned on Monday (27/11/06).Marubeni Corp is partnering with three firms, among them a subsidiary of Korea Electric Power Corp, to build and...
Tue, 05 Dec 2006
$308m Bond Issue to Fund Power Plants
PT BumiGas Energi plans to raise $308 million by selling bonds to finance the building of two geothermal power plants in Java, lead arranger, Malaysia’s Affin Investment Bank, said Monday (27/11/06).BumiGas will build a 120-MW plant in Dieng, Central Java and a 180-MW facility in Patuha, West...
Tue, 05 Dec 2006
BTN to Up Housing Loans by 26% in 2007
State-owned Bank Tabungan Negara (BTN) plans to set aside Rp7.8 trillion ($855 million) to provide housing loans next year to meet rising demands for housing."But it (allocation) will still need approval from the shareholders," BTN director, Kodradi was quoted as saying by The Jakarta Post on...
Tue, 05 Dec 2006
Mandiri, BRI Earmark Loans for Bio-fuel
State-owned Bank Mandiri said it will set aside credit worth Rp14 trillion ($1.55 billion) to finance the expansion of oil palm plantations and develop bio-diesel factories in 2007.The credits will be about 36% of the total credits extended by banks for the plantations sector, bank director, Abdul...
Tue, 05 Dec 2006
Jakarta, Seoul in New Pact
Jakarta and Seoul will sign a comprehensive strategic partnership agreement during a three-day state visit by South Korean President Roh Moo-hyun, which began Sunday (3/12/06). The pact includes 30 programs of action, as well as nine memorandums of understanding (MOUs) covering various industries.
Tue, 05 Dec 2006
President’s Governance Pledge
President Susilo Bambang Yudhoyono on Monday (27/11/06) pledged his commitment to good governance after receiving an honorary doctorate during his visit to major investor Japan, where he set the seal on a framework for a free trade deal.
Tue, 05 Dec 2006
Dell: Aiming to be No.1 in enterprise market
Indonesia is an attractive market for top global computer manufacturers, supported by the steadily improving economy over the past few years. Dell is one of several companies competing fiercely to tap the country's huge market.
Sun, 03 Dec 2006
Indonesian power plants start using biofuel
Indonesia's state-owned power firm Perusahaan Listrik Negara (PLN) will start using biofuel to fire 114 small- and medium-scale power plants around the country beginning next year.PLN chief commissioner Alhilal Hamdi said the plan had been approved following the success of pilot projects for the...
Sun, 03 Dec 2006
Bali attracted 1.1 million foreign tourists
Denpasar, Bali Province (ANTARA News) - Bali Island, Indonesia`s most famous tourist destination, was visited by around 1.1 million foreign tourists in the January-October period in 2006, or by about 38 percent more than in the same period last year.
Sun, 03 Dec 2006
Theft of genetic resources a major problem
The government, concerned over the looting of the country's biological resources and the ensuing loss of intellectual property rights, convened a workshop Thursday to discuss how to respond to the theft.
Sun, 03 Dec 2006
10 companies eying $100 million airport project
At least 10 local and overseas firms have expressed interest in participating in the construction of the Rp 900 billion (about US$100 million) rail link between Manggarai in East Jakarta and Soekarno-Hatta International Airport,Masjraul Hidayat, president director of PT RailLink, which will operate...
Sun, 03 Dec 2006
machine industry to become govt' top priority
The Industry Ministry says it intends to focus on promoting four industrial engineering sectors -- the agricultural, factory, electrical and heavy machinery industries -- as part of the government's long-term industrial development program.
Sun, 03 Dec 2006
Indonesia to continue gas exports
Dili has been awarded the personal thanks of SMY for the Kentut efforts........
Sun, 03 Dec 2006
Indonesia's bond market: The price of risk
From The Economist print editionBullish lenders shrug off the growing threats in IndonesiaMODEST-sized bond offerings even in volatile countries such as Indonesia do not usually set tongues wagging. They are manufactured in droves on the financial equivalent of an assembly line.
Sat, 02 Dec 2006
Indonesia to continue gas exports
Jakarta (ANTARA News) - Vice President Jusuf Kalla said here on Friday Indonesia would continue exporting gas to several countries including Japan, but the export volumes still had to be determined after consideration of Indonesia`s gas consumption.
Sat, 02 Dec 2006
BPPT, PLN to hold trial of cars running on bio
Jakarta (ANTARA News) - The National Agency for Assessment and Application of Technology (BPPT) in cooperation with state electricity company PT PLN will be testing cars running on biofuel, an official said.
Sat, 02 Dec 2006
Bakrie telecom seeking US$150 million loan
Jakarta (ANTARA News) - Bakrie Telecom is seeking a US$150 million loan of which $100 million would be used to expand and enhance the networks of its Esia and Wifone services, two of the CDMA (Code Division Multiple Access) technolgy-based company`s prominent products, a spokesperson said.
Sat, 02 Dec 2006
Indonesia's export to reach US$97 billion
Jakarta (ANTARA News) - Indonesia`s exports by the end of this year are expected to reach US$97 billion while the exports in October reached US$82.207 billion."If the exports coud reach US$2 billion in the past two months our exports would reach around US$97 billion," the chief of the Central...
Sat, 02 Dec 2006
Largest Bio-ethanol Factory to be Built
TEMPO Interactive, Bandung: Bio-ethanol producer of South Korea LBL Network Ltd has signed a Memorandum of Understanding with West Java Province and the governments of Kuningan, Subang, Sumedang and Indramayu regencies to build a factory for processing yams to bio-ethanol in West Java.
Sat, 02 Dec 2006
Govt Gives Incentives for Infrastructure
TEMPO Interactive, Jakarta: The Public Works Department has prepared a Rp2 trillion fund as an incentive for infrastructure projects such as roads, drinking water and housing, until 2009. This year, a Rp600 billion fund has been prepared for the drinking water projects which was offered in the...
Sat, 02 Dec 2006
Kalla wants 'Asian values' in trade deal
Stressing that closer economic cooperation among East Asian countries is the key to increased prosperity, Vice President Jusuf Kalla has urged businesspeople and government officials to find ways of overcoming the obstacles hindering economic integration.
Sat, 02 Dec 2006
IFC mau double investment in Indonesia to US$1
Jakarta (ANTARA News) - World Bank unit International Finance Corporation (IFC) expects to double its investment in Indonesia to 1 bln usd in the fiscal year to June 2008, if it is able to avail of opportunities in infrastructure projects, IFC country manager Herman Vegara said.
Sat, 02 Dec 2006
Govt to distribute 400,000 gas stoves
Jakarta (ANTARA News) - The government planned as of March or April next year to distribute 400,000 gas stoves in Jakarta, Bogor, Depok, Tangerang and Bekasi (Jabodetabek), Cooperatives, Small and Medium Businesses Minister Suryadharma Ali said here Thursday.
Sat, 02 Dec 2006
Nokia Wins WCDMA Deal With Indosat
ESPOO, Finland, November 29 /PRNewswire-FirstCall/ -- Nokia (NYSE:NOK) and one of Indonesia's largest operators, Indosat, have extended their cooperation by signing a WCDMA 3G/HSPA network and managed services contract that enables Indosat to offer 3G and wireless broadband services.
Fri, 01 Dec 2006
3G Ultimatum to Hutchinson and Natrindo
TEMPO Interactive, Jakarta: The government is threatening to annul the third generation cellular telecommunication service (3G) frequency licenses belong to PT Hutchinson CP Telecom Indonesia and PT Natrindo Telepon Seluler if the two operators do not provide their 3G services soon.
Fri, 01 Dec 2006
BII obtains $110 million loan from IFC
Jakarta (ANTARA News) - Bank Internasional Indonesia (BII) has secured a Rp1.1 trillion (US$110 million) loan from IFC (International Finance Corporation), the private sector arm of the World Bank, to encourage growth of small- and medium-scale enterpises (SMEs), a spokesperson said.
Fri, 01 Dec 2006
Indosat's performance down
Jakarta (ANTARA News) - Telecommunication operator PT Indosat`s business performance over the past nine months has experienced a backward trend.The declining trend was marked by downward gains in its net profit though its operational income was on the rise.
Fri, 01 Dec 2006
Indosat to spend $1 billion on cell services
Jakarta (ANTARA News) - State telecommunication operator PT Indosat is planning to spend more than US$1 billion mainly on the development of its cellular services next year, its marketing director said.
Fri, 01 Dec 2006
BTN to up housing loans by 26% in 2007 to meet rising demand
Bank Tabungan Negara (BTN), a state-owned lender that focuses on providing mortgages, plans to set aside Rp 7.8 trillion (about US$855 million) to provide home loans next year to meet rising demand for housing.
Fri, 01 Dec 2006
Mobile-8 off to flying debut
The Jakarta Post, JakartaShares of PT Mobile-8 Telecom, the fourth largest of the country's mobile phone operators, jumped by 20 percent on their trading debut Wednesday on the Jakarta Stock Exchange.The company -- the mobile phone unit of PT Bimantara Citra -- saw its stock climb by Rp 45 to close...
Fri, 01 Dec 2006
Indonesia not yet shopper's paradise, says developer
There is still a long road to travel before Indonesia can even think of becoming a major Southeast Asian shopping destination, a mall developer has admitted."The government needs to fix the chaotic transportation system, develop infrastructure and provide tax incentives for tourists," A.
Fri, 01 Dec 2006
Ease off on privatization, says Harvard guru
Dubbed one of the most influential business gurus, Michael E. Porter, also a distinguished author and a professor at Harvard Business School, said Wednesday in Jakarta that the Indonesian government was placing too much emphasis on the privatization program compared to removing business hurdles.
Fri, 01 Dec 2006
Why U.S. management tips fail in Indonesia
The other day Kuku and I were discussing the point that a majority of Bules in JKT were oxygen thieves. They simply don’t perform at the level expected. They are brought in as Bules to over perform, and mentor and lead the locals.
Fri, 01 Dec 2006
Why U.S. management tips fail in Indonesia
Originally posted by: chewwyUKwhat a load of bollocks! There may be loads of unskilled workers available in Indonesia but at management level there is a massive shortage of talent and companies find it difficult to replace people when they leave i agree.
Fri, 01 Dec 2006
Why U.S. management tips fail in Indonesia
"If those with jobs want to exercise their rights and be treated as equals then they risk being shown the door. Outside is a queue of desperate hopefuls who’ll be happy with less money and will promise to never complain.
Fri, 01 Dec 2006
Why U.S. management tips fail in Indonesia
© Duncan Graham 2006A major private bank in Indonesia has just abandoned one of its public relations activities.Since 2002 the bank has been sending welcome letters and useful information to selected top-end customers.
Thu, 30 Nov 2006
Beijing, Jakarta put business before history
JAKARTA - China's growing appetite for natural resources and Indonesia's position as Asia's resource-richest country are pulling the longtime regional adversaries together in a mutually beneficial commercial embrace.
Thu, 30 Nov 2006
Weak Protection for Buyers of Foreign Property
TEMPO Interactive, Jakarta: Association of Indonesia Real Estate Broker has said he considers that the protection for Indonesian consumers as regards purchase of foreign property is still weak.In addition, according to Chairman of Association of Indonesia Real Estate Broker Tirta Setiawan,...
Thu, 30 Nov 2006
Govt needs to 'walk the talk': ABAC
"Stop talking and start working" is the strong message sent by Indonesian business to the government in relation to its efforts to increase investment and improve the country's competitiveness amid the challenges of rapid globalization.
Thu, 30 Nov 2006
APINDO wants wage system changed
Amid a nationwide clamor for minimum-wage increases, a powerful employers' grouping has argued the need for wage levels to be tied to productivity."Provincial, regency and municipal administrations should be deprived of the right to set the minimum wage as they don't assess worker productivity,"...
Thu, 30 Nov 2006
Concerned about gas, Japan signs trade framework
Tokyo (ANTARA News) - Indonesia signed Tuesday the framework for a free trade deal with Japan, which sought firm guarantees for the archipelago's gas exports and took the rare step of agreeing to let in its workers.
Wed, 29 Nov 2006
Tax Breaks on Oil Equipment Extended
Indonesia has extended tax breaks on imports of equipment for oil exploration through to next year in a bid to boost investment in the energy sector, a Finance Department statement said.Authorities abolished import tariffs on oil drilling equipment in 2005 after pleas from oil contractors operating...
Wed, 29 Nov 2006
Bush Supports Indonesia Bio-fuel Initiatives
The US is "very supportive" of biofuel initiatives, President George Bush said on Monday (20/11/06) during a visit to Indonesia, which is trying to develop that sector as it copes with growing energy demand.