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Thu, 10 Dec 2009
Indonesia less competitive than regional peers, says European Union
Forget about competing with China - Indonesia lags behind Vietnam, Thailand and Malaysia in terms of trade and investment relations with EU member countries, an EU study revealed Tuesday.Despite being the largest economy in Southeast Asia, the volume of trade and investment between Indonesia and EU...
Thu, 10 Dec 2009
Indonesia's legal system biased and unfair
Jakarta, Indonesia - Three shameful cases brought before Indonesian courts recently reveal that the country’s legal system is in very poor shape. The law is applied forcefully against the poor and vulnerable, while the rich and powerful evade it with impunity.
Thu, 10 Dec 2009
Purwakarta, Yogyakarta best regions to invest this year
Purwakarta regency in West Java and Yogyakarta city in the special province of Yogyakarta were named the best regions Wednesday in terms of efforts to attract investment in 2009. Purwakarta regency won the award in the regency category, after beating Sidoarjo in East Java which finished second,...
Thu, 10 Dec 2009
BKPM to announce negative investment list
Jakarta (ANTARA News) - Head of the Capital Investment Coordinating Board (BKPM) Gita Wirjawan said his office would announce the negative investment list (DNI) early in 2010."It will be announced early next year and any change that would be made in it would be aimed at abolishing...
Thu, 10 Dec 2009
Indonesia's Import Services to go Online This January
The government is planning to launch an online, integrated documents-processing service for importers in January, the nation’s chief economics minister said on Wednesday.The move is intended speed up the process of submitting documents for traders, and make it easier for them to obtain clearance...
Thu, 10 Dec 2009
Indonesia Investment Reaches ‘Bottom,’ To Rise 15% in 2010: BKPM
The value of direct investment in Indonesia is predicted to rise by up to 15 percent next year after bottoming out in 2009, thanks to stable domestic economic conditions and an expected recovery elsewhere in Asia and beyond, the head of Indonesia’s main investment body said on Wednesday.
Wed, 09 Dec 2009
Malaysia-Indonesia should speak in one voice in defending anti-palm oil campaign
Kuala Lumpur (ANTARA/Bernama) -- Malaysia should not be alone in battling the anti-palm oil smear campaign, mounted by European activists and non-government organisations (NGOs), former Malaysian prime minister Dr MahathirMohamad said Tuesday."Indonesia is also a leading oil palm producer.
Wed, 09 Dec 2009
Asia Pacific Breweries set to acquire Indonesia`s Multi Bintang
From the APB website:APB Purchases Breweries in Indonesia and New CaledoniaIt sells its two breweries in India * Extends regional footprint to Indonesia and New Caledonia * Adds leading beer brands, Bintang and Number One, to its portfolioToday, Asia Pacific Breweries Limited (APB) entered into...
Wed, 09 Dec 2009
Indonesia battles with widespread corruption
BBC News JakartaAsk James Sunda about corruption in Indonesia and he will tell you a story that will make you laugh out loud.The 50-year-old musician had a simple problem - he lost his driving licence last year, so he went to his local police office thinking his details must be on file and getting...
Wed, 09 Dec 2009
Indonesia Considers Moves to Protect 11 Sectors From China FTA
Ministers will meet on Friday to discuss a proposal to renegotiate the Asean-China Free-Trade Agreement, which will reduce thousands of trade tariffs to zero and make it hard for some Indonesian manufacturers to compete with cheaper Chinese imports.
Wed, 09 Dec 2009
Domestic Investments Expected to Top Rp 28 Trillion
Tuesday, 08 December, 2009 | 17:13 WIBTEMPO Interactive, Jakarta:The government is expecting domestic investment for the next five years to be 10 times the value of the 2009 target, valued at US$ 20-30 billion.
Wed, 09 Dec 2009
Asia Pacific Breweries set to acquire Indonesia`s Multi Bintang
does this mean that Bintang will start tasting more like Heineken?
Wed, 09 Dec 2009
Asia Pacific Breweries set to acquire Indonesia`s Multi Bintang
Jakarta (ANTARA News/Asia Pulse) - Asia Pacific Breweries Limited has signed a deal to acquire 68.5 per cent of Indonesian brewer PT Multi Bintang Indonesia (JSX:MLBI) at a price of Rp2.23 trillion (US$240 million).
Tue, 08 Dec 2009
Corruption, lack of transparency blocks foreign investment in RI: EU
The European Union (EU) has identified Indonesia's poor governance and corruption practices as part of key obstacles to expanding trade and investment between European nations and Indonesia.That was concluded by the EU's recent study on challenges and opportunities for trade and investment in...
Tue, 08 Dec 2009
Indonesia's Palm oil economy drives human fortunes--And orangutan misfortunes
The net worth of Indonesia's 40 richest men has doubled to $42 billion in the past year, driven in no small part by the growing demand for palm oil, according to Forbes magazine's annual examination of the country's top richest people.
Tue, 08 Dec 2009
Indonesian says coal sale rule no bar to exports
NUSA DUA, Indonesia, Dec 7 (Reuters) - Indonesia will let coal producers keep exporting, despite missing domestic sales requirements as smaller firms undercut them, a senior mining official said on Monday, in an apparent delay to a 2008 rule.
Tue, 08 Dec 2009
President: Indonesia must not rely on exports only
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said Indonesia must not rely solely on exports but also empower its domestic economy and market in the future.Speaking before participants of a National Resilience Institute (Lemhanas) course at the palace here on Monday, he said all...
Tue, 08 Dec 2009
Combating corruption, the national epidemic
Probably the most SINGLE irrating factor in Indonesia is the corruption...tho, in other countries it is more hidden it still exists. Look at the recent WallStreet chaos, embezzlement, over paid CEO's...the scam after scan we have sustained and endured. 401 retirement accounts GONE...
Mon, 07 Dec 2009
Synthetic Fuel to be Developed
TEMPO Interactive, London:The Investment Coordination Board chairman, Gita Wirjawan and Managing Director of Sasol Synfuels International, Ernst Oberholster, signed an agreement in London Thursday last week to develop cool-to-liquid facilities in Indonesia.
Mon, 07 Dec 2009
Govt discussing plan to raise basic power rates
Jakarta (ANTARA News) - The government is currently discussing its plan to raise the basic electricity rate by 10 - 20 percent in 2010, a minister said, adding the decision on percentage has been agreed by the House of Representative.
Sat, 05 Dec 2009
Corruption and Credit Costs Are Holding Back Indonesia’s Growth, Credit Suisse Says
Michael DwyerIndonesia can’t replicate the economic growth of China and India because of impediments to investment such as corruption and high credit costs, according to Credit Suisse Group.“We don’t expect investment to take off,” Cem Karacadag, an economist at Credit Suisse in Singapore,...
Sat, 05 Dec 2009
RI and Sasol to study coal-to-liquid project
The Investment Coordinating Board (BKPM) and the world’s top fuel producer Sasol are to conduct a feasibility study on a potential coal-to-liquid facility in Indonesia that could generate 80,000 barrels per day, a project that could require US$10 billion in investment.
Sat, 05 Dec 2009
Govt to build 50 MW solar cell plant
As part of its efforts to generate electricity from renewable energy, the government will upgrade a solar cell power plant in Bandung to expand its capacity to 50 megawatts. Coordinating Economic Minister Hatta Radjasa said Friday the government had approved the plan and was now studying the best...
Fri, 04 Dec 2009
Combating corruption, the national epidemic
Quoting: biznewsA friend of mine from overseas was in Jakarta on a visit. He took a taxi - after a seriously inconvenient and irritating bargaining process with taxi drivers - only to be cheated out of hundreds of thousands of rupiah.
Fri, 04 Dec 2009
Indonesia Says Outlook Robust, Inflation in Check
JAKARTA -- Bank Indonesia kept its benchmark overnight rate unchanged at 6.5% during a rate review Thursday, and said the near-term outlook for Southeast Asia's largest economy is robust while inflation remains well contained.
Fri, 04 Dec 2009
Green Investments Summit Indonesia 2010
Indonesia the archipelago of 17000 islands owes its modern existence to integration of access of electricity and the increasing gap in the country's end-user energy market is threatening to set the country in energy poverty in less than 25 years.
Fri, 04 Dec 2009
Businessmen ask for more friendly regulation on CPO
Palm oil companies in the country said Thursday that the export regulation on crude palm oil (CPO) export was too tight and often influenced CPO prices."We have to pay 25 percent in tax for exporting CPO.
Fri, 04 Dec 2009
Dark clouds over the economy
The World Bank’s last quarterly report on Indonesia issued two months ago was entitled Clearing Skies.True, with an estimated economic growth of 4.3 percent, the highest in Asia after China and India, and the peaceful parliamentary and presidential elections in April and July that reinstalled...
Fri, 04 Dec 2009
Standardization fails to protect domestic industry: Lawmakers
The National Standardization Agency (BSN) has remained unable to promote standardization as a non-tariff barrier to protect the local industry from the global market’s volatility, legislators said Thursday.
Fri, 04 Dec 2009
Business leader advised to prepare for FTA`s impact
Jakarta (ANTARA News) - MS Hidayat, chairman of the Indonesian Chamber of Commerce and Industry (Kadin) has called on the organization`s members to prepare themselves for the implementation of the Free Trade Agreement (FTA) next month.
Fri, 04 Dec 2009
RI sits on 28,000 mw of geothermal resources
Denpasar, Bali (ANTARA News) - Energy and Mineral Resources Minister Darwin Zahedy Saleh said Indonesia had geothermal energy resources of up to 28,000 megawatt with a potential power generating capacity of 13,440 MW.
Thu, 03 Dec 2009
Indonesia should grab potential FDI from foreign house buyers: association
JAKARTA, Dec. 3 (Xinhua) -- Indonesia should seize potential foreign direct investment (FDI) source from foreign house buyers to increase economic development, an official said here on Thursday. Lukman Purnomosidi, Deputy Chairman of Indonesian Chamber of Commerce and Trade (KADIN) for Housing and...
Thu, 03 Dec 2009
Palm Oil Prices to Surge in 2010 on Back Of Higher Demand, Supply Disruptions
Palm oil, little changed, may extend a four-week rally on speculation demand will remain robust in India and China, the biggest consumers of the edible oils.Palm oil prices are poised to rise “sharply” next year amid potential supply disruptions from El Nino, Dorab Mistry, director of Godrej...
Thu, 03 Dec 2009
CPO Biodiesel Production Plan May Lift Regions
The government is planning to develop regional centers for processing palm oil into biodiesel and other products to boost profit margins and create jobs, a minister said on Wednesday.The government is seeking investment to produce oleochemicals - used to make household products like soaps,...
Thu, 03 Dec 2009
SBY economic team may lose trust and market confidence
Vincent Lingga, Jakarta Who in the government can we trust if then Bank Indonesia governor Boediono and Finance Minister Sri Mulyani Indrawati turn out to have compromised their policy decisions in bailing out Bank Century in late November 2008?That was one of the great concerns expressed by most...
Thu, 03 Dec 2009
Food project to attract big investment
A planned large-scale commercial farming or food estate project in Merauke, Papua, is expected to trigger fresh investment of up to Rp 50 trillion (about US$5.3 billion) in the area in the next five years.
Thu, 03 Dec 2009
Incentives upcoming for palm oil downstream sector
Indonesia, now the world’s number one crude palm oil (CPO) producer, wants to become number one in the palm oil downstream sector with a number of government incentives currently being deliberated to boost the downstream sector.
Wed, 02 Dec 2009
Indonesian CPO controls 14.37 percent of world market
Nusa Dua (ANTARA News) - Indonesia`s crude palm oil (CPO) production which last year reached 19 million tons now controls 14.37 percent of the world`s vegetable oils` market, a minister said."CPO accounts for 33.
Wed, 02 Dec 2009
Govt to give incentives to growth boosting investors
Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa said the government will give incentives only to investors who can boost the country`s economic growth."The incentives will not be made available on a pro rata basis but will be given only to investors who make an...
Wed, 02 Dec 2009
Indonesia allocates 18 million hectares of land for palm oil
Indonesia's position as the world's number one palm oil producer would likely not be shaken in years to come as the country still has 18 million hectares of land that could be used for palm oil plantations, almost double the current 9.7 million hectares that have been licensed for palm oil estates.
Wed, 02 Dec 2009
Govt to provide incentives to boost palm oil industry
Coordinating Minister for Economy Hatta Radjasa promised Wednesday that the government would provide incentives to boost the development of palm oil industry into the downstream level, to provide more employment.
Tue, 01 Dec 2009
Indonesia sees trade volume with China to reach 50 bln USD next 5 years
JAKARTA, Dec. 1 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono on Tuesday said that Indonesia's trade volume with China is expected to reach 50 billion U.S. dollars in next five years on spur of the improving economic performance, Indonesian Presidential spokesman said here Tuesday.
Tue, 01 Dec 2009
Indonesia graft hits forest carbon offset: HRW
JAKARTA - Rampant corruption in Indonesia's forestry sector costs the government two billion dollars a year and undermines plans to use forest conservation to offset carbon emissions, a report said Tuesday.
Tue, 01 Dec 2009
Exports hit record high this year: BPS
Indonesia posted this year's record high in exports, selling US$11.88 billion of goods in October, amid falling demand caused by the global economic downturn, the Central Statistics Agency (BPS) announced Tuesday.
Tue, 01 Dec 2009
Indonesia says to give new incentives to oil investors
JAKARTA, Nov 30 (Reuters) - Indonesia will give new incentives to oil and gas investors, including more favourable tax treatment and production split, in order to encourage more exploration, the mines and energy minister said on Monday.
Tue, 01 Dec 2009
Indonesian Commerce Chamber Calls for Coordinated Farming Policies
The Indonesian Chamber of Commerce has called on the government to issue a joint ministerial decree to eliminate overlapping functions of ministries in dairy and beef farming.The chamber, also known as Kadin, said eliminating the overlaps would help Indonesia compete in a free trade agreement...
Tue, 01 Dec 2009
RI to ask for postponement of CAFTA implementation
Jakarta (ANTARA News) - Several industries in Indonesia will ask for a postponement of the implementation of the China-Asean Free Trade Agreement because they were not yet prepared, Minister of Industry MS Hidayat said.
Tue, 01 Dec 2009
Projects Won’t Be Pulled by UAE: Indonesian Government
Indonesian officials said on Monday that the Dubai World debt crisis would not effect commitments from investors in the United Arab Emirates to finance several major projects here, although they warned local companies to “seriously reconsider” plans to expand into the Middle East.
Tue, 01 Dec 2009
Questions Over Dubai Firm’s $600m Project in Lombok
As Dubai World’s debt crisis continues to ripple though global markets, the government on Monday questioned another emirate-owned company’s commitment to a $600 million tourism project in Lombok.“We have already fulfilled all [Emaar Properties’] requirements.
Mon, 30 Nov 2009
Indonesia’s geothermal development
Indonesia, which lies on the Pacific Ring of Fire, holds approximately 40 percent of the world’s geothermal reserves, equivalent to about 27,000 megawatts of electrical power. Most of the geothermal potential is found in Sumatra (13,800 MW), Java and Bali (9,250 MW), and Sulawesi (2,000 MW),...