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Wed, 08 Dec 2010
Investment-grade status still some way off for Indonesia
Indonesia has made significant strides towards building the political institutions necessary for the country to achieve investment-grade status, according to Standard & Poor’s. But, unfortunately for more sanguine investors and the country’s policymakers, it is not there yet.
Tue, 07 Dec 2010
RI's oil, gas fields unappealing
A lack of information is stymieing government plans to auction off oil and gas fields, a senior official says.Only three of 14 fields offered by the government this year attracted investors, Evita Herawati Legowo, the Energy and Mineral Resources Ministry’s oil and gas director general, said on...
Tue, 07 Dec 2010
Shaping the future of the palm oil industry
The pros and cons regarding the role of the Roundtable on Sustainable Palm Oil (RSPO) have been discussed in an on and off manner since the group’s inception. Similar debate arose ahead of its recent eighth meeting in Jakarta from Nov.
Tue, 07 Dec 2010
President inaugurates shrimp breeding center
President Susilo Bambang Yudhoyono on Monday inaugurated the world's biggest shrimp breeding center (broodstock) located in Bugbug village in Karangasem regency, Bali.The broodstock, having a production capacity of 675,000 shrimps per year, is expected to improve the country's competitiveness in...
Tue, 07 Dec 2010
Increased Planting May Boost Indonesian Palm Oil Production by 8.5% in 2011
Indonesia’s palm oil output may grow by 1.8 million metric tons to 22.8 million tons in 2011 because of increased planting, Indonesian Palm Oil Board vice chairman Derom Bangun said in on Friday.“World demand will be more than 2 million tons, maybe 3 million tons,” Bangun said in Bali.
Tue, 07 Dec 2010
Foreign Ownership Restrictions Should Not Be Applied
VIVAnews - The Indonesia Stock Exchange (IDX) authorities claimed foreign ownership in the domestic market has yet to change much within the last three years. Given the percentage of between 66 and 67 percent, foreign ownership still dominates the stock floor.
Tue, 07 Dec 2010
RI to need 1,000 appraisers by 2015
Bekasi, W Java (ANTARA News) - The Indonesian Appraisal Society (MAPPI) said Indonesia will need an estimated 1,000 certified appraisers in 2015 to support national economic growth."Right now we only have 330 certified appraisers," MAPPI General Secretary Robinson Tampubolon said on the...
Tue, 07 Dec 2010
RI tourism to emphasize eco-cultural attractions in 2011
Jakarta (ANTARA News) - Indonesia`s tourism is to be promoted in 2011 with emphazis on the country`s eco-cultural attractions in the hope it will draw 7.3 - 7.6 million foreign visitors, a tourism ministry spokesperson said.
Sun, 05 Dec 2010
Indonesia's palm oil tax at comfortable levels: SMART
NUSA DUA, Indonesia (Reuters) - Indonesia's export tax on palm oil products remains at comfortable levels but any steps by the government to change the structure needs to equally benefit planters and refiners, a top planter said late on Thursday.
Sun, 05 Dec 2010
Indonesia to make small aircraft to connect regions
Jakarta (ANTARA News) - Indonesia plans to produce the prototype of a small capacity aircraft for air travel to and from regions inaccessible by land in 2013."I have coordinated with the National Development Planning Agency (Bappenas), the transportation ministry and the Technology Assessment...
Sun, 05 Dec 2010
Talks of investing in Indonesia island yet to happen: envoy
TAIPEI -- Recently improved relations between Taiwan and China have enhanced Taiwan's trade ties with Indonesia, but no formal talks have been launched on the possibility of Taiwan investing in an Indonesian island, said Andrew Hsia, Taiwan's top envoy to Indonesia, last week.
Sat, 04 Dec 2010
Indonesia Protects Its Shipping Industry
Let me get this right.If a vessel is in Indonesian waters it should be Indo registered but if it goes to the US it has to be US registered.I can't be right.
Sat, 04 Dec 2010
RI opposed to WB`s draft framework for palm oil engagement
Nusa Dua, Bali (ANTARA News) - The Indonesian government on Thursday lodged a protest with the World Bank against the draft framework for engagement in palm oil which it said will harm the development of palm oil industry in the country.
Sat, 04 Dec 2010
Indonesia Protects Its Shipping Industry
Starting in January, as a result of legislation pushed through the Indonesian House of Representatives, all vessels operating in Indonesian waters will be required to be registered domestically, which could kick off seagoing chaos.
Thu, 02 Dec 2010
Moody's puts Indonesia on upgrade review due to economic 'resilience'
JAKARTA -- Ratings agency Moody's said Wednesday it is putting Indonesia on review for a possible credit rating upgrade thanks to its economic “resilience” and improved management of the national finances.
Thu, 02 Dec 2010
Solo Techno Park to Use Solar Power
TEMPO Interactive, Surakarta:The Surakarta Research Council will build a solar-generated power plant early next year for the Solo Techno Park. However, the technology applied will not use solar cell tools. “Solar cell tools are not economical because they are costly,” said the Council Chief, B.
Thu, 02 Dec 2010
RI sees trade deficit of $5.3 bln with China
Jakarta (ANTARA News) - Indonesia saw a trade deficit of US$5.3 billion with China in the first ten months of 2010, the Central Statistics Agency (BPS) said.In October 2010 alone, the deficit reached US$415.7 million, BPS Chief Rusman Heriawan said on Wednesday.
Thu, 02 Dec 2010
Mandiri disburses Rp 30.2t in palm oil sector loans
Bank Mandiri says it has disbursed Rp 30.2 trillion (US$3.35 billion) in palm oil sector loans in the first nine months of 2010, up 35 percent from the same period last year.The nation's largest lender by assets lent Rp 231.85 trillion from January to September with loan growth up 23.
Thu, 02 Dec 2010
Indonesia's Exports in Oct Highest in History
VIVAnews - Indonesia booked US$14.22 billion worth of exports during October 2010, 16.72 percent increase compared to September 2010. It was the first time that the country exceeded US$14 billion worth of exports in its history.
Tue, 30 Nov 2010
12 foreign companies to invest in Indonesia: BKPM
A dozen foreign companies have expressed interest in making more than US$5 billion in investments in Indonesia over the next three to five years, an official says."Their interests include coal, railways, ports and bauxite smelting," Investment Coordinating Board (BKPM) chairman Gita...
Tue, 30 Nov 2010
No foreign contractors for Sunda bridge: Hatta
The government says no foreign contractors will be involved in building the planned 26-kilometer-long Sunda Strait bridge between Java and Sumatra.“The bridge will be an icon of our nation’s rebirth.
Tue, 30 Nov 2010
Sarinah to open five branches next year
Sarinah department store says it will open five branches next year to raise its revenue 20 percent.Three branches would be opened locally and two overseas, Sarinah president director Jimmy Gani said on Tuesday as reported by kontan.co.id business newsportal.
Tue, 30 Nov 2010
Regulatory Issues Stalling Pertamina Open Book Plan
Indonesia. The State Enterprises Ministry is facing regulatory hurdles in making unlisted state oil and gas company Pertamina more transparent by requiring it to issue financial reports on the national bourse like a publicly trading company.
Tue, 30 Nov 2010
Indonesia May See $5b Surge as Indian Firms Eye Power Stakes
Jakarta. India’s foreign direct investment may surge to $5 billion in the next three to five years as its companies invest in coal production and power plants in Indonesia.“The investment value could reach about $5 billion,” Gita Wirjawan, head of the Investment Coordinating Board (BKPM),...
Tue, 30 Nov 2010
Sunda Strait Bridge to Be Built in 2013
VIVAnews - The Indonesian government has outlined a plan to build the longest bridge in the world on the Sunda Strait, West Java. The final phase of the designing has reportedly been in place.Yesterday evening, Nov 29, the government held talks with the Governor of Banten, West Java, on the issue.
Tue, 30 Nov 2010
S Korea's Lotte Eyeing Indonesia's Hypermart
VIVAnews - Lotte Group, largest retailer in South Korea, will make a final offer to PT Matahari Putra Prima Tbk in its attempt to buy Hypermart. Through the buy plan, Lotte is more than ready to deal with its future competitor Carrefour SA in Indonesia.
Tue, 30 Nov 2010
Furniture Exports Increase by 20 Percent
TEMPO Interactive, Surakarta:Furniture entrepreneurs in Surakarta can relax. Before the year has ended, furniture orders from abroad have been flooding in, especially for the Christmas and New Year celebration.
Tue, 30 Nov 2010
Bangka Barat to develop beach as vacation resort
Muntok, Bangka Island (ANTARA News) - The administration of Bangka Barat district in Bangka-Belitung (Babel) province is planning to develop Batu Rakit beach into a family tourism area."Batu Rakit beach will be developed into a resort for family outings," local Culture and Tourism Office...
Tue, 30 Nov 2010
Govt not to limit but channel foreign capital inflows : Minister
Jakarta (ANTARA News) - The government will not impose limits on foreign capital flows into the country but channel them so as to spread them evenly over different sectors, a spokesman said."We will not in any way put limits on foreign capital inflows but we intend to spread the flows over...
Tue, 30 Nov 2010
Indonesia integrated in East Asia trade
Jakarta (ANTARA News) - Indonesia as a developing country which has been integrated with the rapidly growing international trade in East Asia, with China as its main driving force, World Bank senior economist Sjamsu Rahardja said.
Tue, 30 Nov 2010
Indonesia Verifies Issue on Bicycle Exports
every couple of sundays they close jalan thamrin-sudirman to traffic. the middle class drive their kijang to a side-road, get out their expensive road-racers, and proceed to parade up and down the empty jalan protokol.
Mon, 29 Nov 2010
Indonesia Verifies Issue on Bicycle Exports
^That's not far off wrong. You should see the price of things in places like Rodalink, BSD.Its amazing. Places like that are catering to fashion, not people interested in riding a bike.There are lots of people using them for genuine reasons.
Mon, 29 Nov 2010
Harrad Hotel Saga Continues
Denpasar municipal officials and the owners of the Hotel Harrad continue to try to find a workable solution to address the many violations of building and zoning regulations committed by the Sanur property.
Mon, 29 Nov 2010
Bali: 5 Million Foreign Tourists by 2015?
Bali's Governor Wants to Double Foreign Tourist Arrivals in Four Years.(11/27/2010) Bali's visionary governor I Made Mangku Pastika remains confident that foreign tourist arrivals will continue to grow, reaching 5 million visitors by 2015.
Mon, 29 Nov 2010
Govt urged to "Buy Indonesian"
Quoting: jumintensetuju! cintailah produk dalam negeri! saya sangat mencintai produk dalam negeri..cuman ada salah satu produk dalam negeri yang tidak begitu aku sukai..makanya aku ambil produk dari luar ;-)
Mon, 29 Nov 2010
Govt urged to "Buy Indonesian"
A senior politician wants the government to buy locally made products to bolster Indonesia’s economy.“Indonesia is better known as a foreign products user - not as a producer. Thus, the government should start protecting local products,” former Regional Representatives Council speaker...
Mon, 29 Nov 2010
Yahoo Sees Lots of Potential in Indonesia’s Burgeoning Internet Market
Jakarta. Global Internet giant Yahoo is gearing up to increase its presence in Indonesia after recently acquiring local location-based service provider Koprol and launching a campaign to attract first-time Internet users.
Sun, 28 Nov 2010
Indonesia Verifies Issue on Bicycle Exports
i have observed the same phenomenon ... and the bikes that are being purchased aint cheap: Rp20-30jt. owning a bike and all the accessoraries has become a new middle class status symbol.
Sun, 28 Nov 2010
South Sulawesi Hoping to Become World Food Supplier
TEMPO Interactive, Makassar:The South Sulawesi Provincial Government hopes to be one of the world food suppliers. The opportunity come from the “food basket” concept proposed at the BIMP-EAGA Agricultural and Fisheries annual meeting in Makassar yesterday.
Sun, 28 Nov 2010
Coffee to be included in plantation revitalization program
Jakarta (ANTARA News) - The Ministry of Agriculture will include coffee as one of the commodities to be prioritized in the plantation revitalization program next year, a minister said.Agriculture Minister Suswono said here on Saturday that at present the plantation revitalization program only...
Sun, 28 Nov 2010
Minister wants end to RI`s raw material exporting era
Bandung, West Java (ANTARA News) - Industry Minister MS Hidayat said Indonesia needs to stop being an exporter of raw materials so as to develop its own industries."It is my ambition to increase the volume of exports of goods other than raw materials.
Sun, 28 Nov 2010
Govt to develop Arabica coffee
Jakarta (ANTARA News) - The government will focus on the development of Arabica coffee next year, a cabinet minister said."Indonesia`s arabica coffee is quite popular in the world market, therefore, the government will focus on the development of arabica coffee.
Fri, 26 Nov 2010
Bright Future Seen for Growth in Current Climate
Jakarta. Top executives and investment bankers are optimistic about business growth in Indonesia, particularly in the commodity and service sectors, citing strong economic fundamentals and political stability.
Fri, 26 Nov 2010
Tiga Pilar Plans $175 Million Palm Oil Expansion on Rising Global Demand
Tiga Pilar Sejahtera Food, an Indonesian producer of dried noodles, may spend $175 million to plant oil palm trees and buy a plantation company in Sumatra to tap growing demand for the commodity.Tiga Pilar will plant 15,000 hectares to 16,000 hectares of land it owns next year at a cost of as much...
Fri, 26 Nov 2010
Economy Does Not Depend on Top Companies:BI
VIVAnews - Bank Indonesia and the National Statistics Agency expect that the inflation rate can be slowed down. Should there be lower inflation rate, the Bank Indonesia (BI) Rate may have another cut, which will result in lower lending rate. Eventually, lending rate may reach its one-digit level.
Fri, 26 Nov 2010
Indonesia-Poland Trade Expected to Grow
TEMPO Interactive, Jakarta:Romuald Morawski, the Polish Trade Promotion and Investment Division chief, thinks trade between Indonesia and Poland will grow by 20 percent. However, Poland has been suffering from trade deficits because it trades more often with European countries.
Fri, 26 Nov 2010
Indonesia’s Tiga Pilar Plans $175 Million Palm Oil Expansion
PT Tiga Pilar Sejahtera Food, an Indonesian producer of dried noodles, may spend $175 million to plant oil palm trees and buy a plantation company in Sumatra to tap growing demand for the commodity.Tiga Pilar will plant 15,000 hectares to 16,000 hectares (37,000 acres to 39,500 acres) of land it...
Fri, 26 Nov 2010
Business Is Good, but Could Be Better, Says US Envoy A. Lin Neumann
US President Barack Obama’s quick trip to Indonesia last week helped cement warm ties between the two countries on a number of different levels, the new US ambassador said.But trade and investment ties, while growing, may be held back by protectionist measures that could dampen the appetite of US...
Fri, 26 Nov 2010
Cabotage principle to cause sharp drop in RI`s oil production
Jakarta (ANTARA News) - Indonesia`s oil production will drop by up to 270,000 barrels per day , if the cabotage principle is applied to foreign contractors in 2011, the country`s oil and gas industry`s regulator said.