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Tue, 09 Aug 2011
ExxonMobil to sell assets in Aceh
By Rangga D Fadhillah US-based ExxonMobil says it is selling its shares in three companies associated with gas and liquefied natural gas (LNG) producing operations in Aceh – Mobil Exploration Indonesia, ExxonMobil Oil Indonesia and Mobil Indonesia LNG.
Tue, 09 Aug 2011
Coal India looking at buys in Indonesia, Australia, U.S: exec
Aug 8 (Reuters) - Coal India , the world's largest coal miner, is looking at one acquisition each in Indonesia, Australia and the United States, its chairman said on Monday.The likely size of each deal will be below 10 billion rupees ($223.
Mon, 08 Aug 2011
Jababeka Set to Invest Rp 1.5t In West Java Tourism Project
By : The Jakarta GlobeFrom:Ririn Radiawati KusumaIndustri Jababeka is acquiring two tourism-estate companies in West Java valued at Rp 1.5 trillion ($177 million) in a bid to sustain its growth, a top executive said on Sunday.
Mon, 08 Aug 2011
British Investors to Invest in South Sulawesi
TEMPO Interactive, Makassar:The United Kingdom is exploring the possibility of investing in the industry and trade sectors in South Sulawesi. Prior to that, two of Asia’s industrial countries, Singapore and South Korea, have declared their interest in investing in the province.
Mon, 08 Aug 2011
Foreign investment inflows in E Kalimantan soar 100 pct
Samarinda, E Kalimantan (ANTARA News) - Foreign investment inflows in East Kalimantan in the first half of 2011 jumped 100.4 percent to Rp8.88 trillion from Rp4.30 trillion in the same period last year.Meanwhile, domestic investment grew 39.73 percent to Rp11.43 trillion from Rp8.
Mon, 08 Aug 2011
Tourist arrivals in W Kalimantan up 2.82 pct in June
Pontianak, W Kalimantan (ANTARA News) - A total of 2,629 foreign tourists visited West Kalimantan province in June, an increase of 2.82 percent from 2,557 a month earlier.The tourists came to West Kalimantan via Entikong and Supadio gateways, Head of the West Kalimantan Provincial Statistics Office...
Fri, 05 Aug 2011
Number of foreign tourists to S Sumatra up
Palembang, South Sumatra (ANTARA News) - South Sumatra received 521 foreign tourists via Sultan Mahmud Badarudin II airport in May 2011, up 1.56 percent from the previous month.The figure also showed a 330.
Fri, 05 Aug 2011
W. Sumatra attracts 3,051 foreign tourists
Padang, West Sumatra (ANTARA News) - The number of foreign tourist arrivals in West Sumatra via Minangkabau International Airport and Teluk Bayur seaport reached 3,051 people in June 2011.The June 2011 arrivals increased 14.
Thu, 04 Aug 2011
Chinese Manufacturer Geely to Build Factories in Indonesia
Chinese Manufacturer Geely to Build Factories in IndonesiaTEMPO Interactive, Jakarta:Chinese low cost car manufacturer Geely plans to build automotive factories in Indonesia, including making Indonesia as one of the company’s production bases to meet domestic demands, as well as demands from...
Thu, 04 Aug 2011
Three CPO factories to be built in Pesisir Selatan
Painan, W Sumatra (ANTARA News) - Three crude palm oil (CPO) processing plants soon will be built in Pesisir Selatan regency, West Sumatra province."The three CPO plants belonged to PT CCI, PT Sapta and PT Incasi Raya and will be built in Linggo Sari Baganti, Basa Ampek Balai Tapan and Lunang...
Wed, 03 Aug 2011
Tanjung Lesung Proposed as Special Economic Zone
Serang:The Banten Provincial government has proposed that Tanjung Lesung in Pandeglang be designated as a special tourist economic zone.Banten Culture and Tourism Office chief Egi Djanuiswaty said he hoped the proposal could be approved by the central government.
Tue, 02 Aug 2011
First Stop for Bali Entrepreneurs
American Business Community Support for Entrepreneurs in BaliBalidiscovery.com met Peter Meyer, a Governor of AmCham Indonesia – the American Chamber of Commerce - for a quick interview regarding the Regional Entrepreneurship Summit (RES) held in Nusa Dua in July 2011.
Tue, 02 Aug 2011
Plans Are Under Way for Two Coal Upgrade Plants
From: The Jakarta GlobeBy:Muhamad Al Azhari Arutmin Indonesia, a subsidiary of coal miner Bumi Resources, and Japanese steel manufacturer Kobe Steel are jointly constructing a smelter that will transform brown coal into higher-quality coal.“Low-rank coal is in abundance in Indonesia.
Tue, 02 Aug 2011
Indonesia Set to Cut Palm Oil Export Tax Rate Amid Lobbying
By:Niluksi Koswanage Indonesia, the world’s largest palm oil producer and exporter, could lower the maximum export tax rate by this month, a small concession by Jakarta to a powerful industry lobby that says the duty structure hurts trade.
Tue, 02 Aug 2011
Wheels in Motion for Deals on Kalimantan Resources
From: The Jakarta GlobeBy :Ririn Radiawati Kusuma The government listed for sale on Monday nine resource blocks in Kalimantan, including eight with coal-bed methane gas, in the latest effort by the country to boost development of alternative energy.
Tue, 02 Aug 2011
Malaysia plans green palm oil certification scheme- paper
Malaysia plans green palm oil certification scheme- paper(Reuters) - Malaysia, the word's No.2 palm oil producer, will come up with a certification scheme to ensure the tropical oil is grown without clearing forests and destroying wildlife, a newspaper reported on Monday.
Tue, 02 Aug 2011
Indonesia foreign tourist arrivals grow 9.9 pct in June
(Reuters) - Indonesia's foreign tourist arrivals grew 9.9 percent in June to 674,400 people, the statistics bureau said on Monday.The main destinations were the resort island of Bali and capital Jakarta, it said.
Tue, 02 Aug 2011
Audits Reveal Over US$100M in Outstanding Taxes From Oil & Gas Firms
TEMPO Interactive, Jakarta:Audits conducted by the Supreme Audit Agency and the Development and Finance Comptroller, or BPKP, have revealed massive unpaid taxes incurred by oil and gas firms. It is hoped that these findings will give the government an opportunity to resolve matters, possibly by...
Tue, 02 Aug 2011
Investment in oil and gas to increase US$68.43 mln
Jakarta (ANTARA News) - Investment in oil and gas explorations in Indonesia will increase by US$68.43 million in the next three years, the director general of oil/gas of the ministry energy and mineral resources ministry, Evita Legowo, said.
Mon, 01 Aug 2011
Investment in Industrial Plantation Concessions on the Rise
TEMPO Interactive, Jakarta:The Forestry Ministry says that investments in the forestry sector have increased despite the implementation of the Oslo moratorium (Norway agreement) this year. In the first semester, 12 companies were granted permits to invest Rp23.
Mon, 01 Aug 2011
Japan expected to increase investment in public-private projects
Jakarta (ANTARA News) - Indonesia is expecting Japanese private businesses to invest in especially public-private partnership (PPP) infrastructure projects.The country`s minister of national development planning, Armida S Alisjahbana, expressed the wish when receiving the vice president of Japan...
Fri, 29 Jul 2011
Pelindo to set up consortium to build West Pacific Port
Jakarta (ANTARA News) - State-owned PT Pelabuhan Indonesia (Pelindo) II plans to set up a consortium to build West Pacific Port in Sorong in the eastern province of Papua with an investment of around Rp1 trillion.
Fri, 29 Jul 2011
Krakatau Steel invests trillions of rupiah
Cilegon (ANTARA News) - State-owned steel manufacturer PT Krakatau Steel (KS) has again invested trillions of rupiah after establishing a joint venture with a Korean steel plant, Posco."Besides developing and revitalizing the Krakatau-Posco enterprise, we are also building a 1.
Tue, 26 Jul 2011
Coal India says seeking govt nod for 30 pct in Indonesia mine
(Reuters) - Coal India , the world's largest coal miner, is seeking approval from the Indian government to buy a 30 percent stake in a coal asset in Indonesia, its chairman said on Monday, but declined to give specific details on the possible investment.
Tue, 26 Jul 2011
Soekarno-Hatta International Airport Overhaul Planned
TEMPO Interactive, Jakarta:Work to turn Indonesia's Soekarno-Hatta International Airport into a world-class international gateway by 2014 will begin early next year, initially with the drafting of the grand design.
Tue, 26 Jul 2011
BKPM optimistic Rp240 tln investment target to be reached
Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) is optimistic its investment target of Rp240 trillion for this year can be achieved although the first-semester investment inflows reached Rp115.6 trillion or 48.16 percent.
Tue, 26 Jul 2011
Chinese state-owned company to build ferronickel industry in Kalimantan
Kotabaru, South Kalimantan (ANTARA News) - Chinese state-owned company Dafeng Port Group plans to set up a ferronickel industry in Kotabaru, South Kalimantan with a production capacity of 200 million metric tons a year.The president director of Dafeng Port Group Co. Ltd.
Tue, 26 Jul 2011
Nissan to invest US$312 million in expansion
Jakarta (ANTARA News) - PT Nissan Motor Indonesia (NMI) plans to invest US$321.5 million to increase the production capacity of its plant in Indonesia to 180,000 units a year from presently 50,000."The expansion is expected to finish in 2013," its president director, Takayuki Kimura, said...
Thu, 21 Jul 2011
Exports Indonesia: Three Things Indonesia Needs to Do To Start Competing With Regional Rivals
At the World Economic Forum in Jakarta this month, countries were urged to pursue increasing economic openness and competitiveness to drive new growth in Asia. For a country like Indonesia, which has concentrated on an ever-expanding domestic market, the forum was a timely call for a review of...
Tue, 19 Jul 2011
Tax drama in Indonesia
JAKARTA - A long-running tax saga is keeping this summer's Hollywood blockbusters out of Indonesian cinemas and drawing new negative attention to the country's often dysfunctional and corrupt regulatory environment.
Tue, 19 Jul 2011
Purwakarta Projects New Investments of Rp100 Trillion
TEMPO Interactive, Purwakarta:Purwakarta regency government is optimistic about achieving its Rp100 trillion investment target. Last year, investments were only Rp50 trillion, while up to mid-July this year investments reached Rp60 trillion.
Tue, 19 Jul 2011
Indonesia appoints auditors for green palm oil body
(Reuters) - Indonesia is forging ahead with its own green palm oil body to regulate and punish firms that do not adhere to environmental standards.About a dozen independent auditors for the Indonesia Sustainable Palm Oil (ISPO) standard have been appointed, Gamal Nasir, Director-General of...
Tue, 19 Jul 2011
RI investment in Egypt increases to US$270 million
Cairo (ANTARA News) - Indonesia`s investment in Egypt increased drastically over the past five years to US$270 million while the figure in the 1970-2006 period was only USU$109.31 million, an Indonesian embassy official said.
Mon, 11 Jul 2011
S Kalimantan`s exports increase sharply
Banjarbaru, S Kalimantan (ANTARA News) - South Kalimantan`s non-oil/non-gas exports in the first half of 2011 rose significantly to Rp3.99 billion from Rp2.6 billion in the same period last year.South Kalimantan`s exports grew by an average of 25.
Mon, 11 Jul 2011
Japan interested in building tuna processing plant in Malang
Malang, E Java (ANTARA News) - An Osaka businessman said he became interested in building a tuna processing plant in Malang regency, East Java.The Indonesian Consul General in Osaka Ibnu Hadi when accompanying a group of Japanese businessmen in Malang on Friday said besides the plan to build a tuna...
Mon, 11 Jul 2011
Investment on MP3EI projects worth Rp55.01 trillion
Jakarta (ANTARA News) - The investment made on 19 projects in the framework of the Master Plan for Acceleration and Expansion of Indonesia`s Economic Development (MP3EI) in the first semester of 2011 was recorded at Rp55.01 trillion, a minister said.
Fri, 08 Jul 2011
Vietnam Eyes Indonesian Coal as Own Supply Dwindles: Minister
From: The Jakarta GlobeHanoi. Vietnam, a coal exporter, is projected to import 6.5 million tons of the fuel annually by 2015 as its domestic supply dries up, a minister said.This followed the first import of nearly 10,000 tons of Indonesian thermal coal this year as Vietnam grapples with a rising...
Fri, 08 Jul 2011
Indonesia, EU cooperate to boost capacity in aviation industry
JAKARTA,(Xinhua) Indonesian Transport Ministry Freddy Numberi said on Thursday that Indonesia and European Union (EU) have recently signed a deal to cooperate on aviation industry to boost the capacity in the sector.
Fri, 08 Jul 2011
International cocoa conference to be held in Bali
Nusa Dua, Bali (ANTARA News) - The 5th Indonesian International Cocoa Conference (IICC) and Dinner 2011 will be held in Nusa Dua, Bali, on July 7 and 8, 2011.Organizing committee chairman Antonius Pasaribu said here on Wednesday that the conference would discuss the latest cocoa industrial...
Wed, 06 Jul 2011
Indonesia Energi Mega Boosts Oil Production
VIVAnews - PT Energi Mega Persada pushed oil production by 1,942 barrels of oil per day from the Malacca Strait PSC Block in Riau, Sumatra.According to Energi Mega President Director, Imam Agustino, the additional production is supplied by MD-03 offshore well, which is part of Mengkapan oil field.
Wed, 06 Jul 2011
China to build four cement factories in Indonesia
China to build four cement factories in IndonesiaJakarta (ANTARA News) - China is planning to construct four cement factories in Kalimantan and Papua with a total investment of 2.35 billion US dollars.A memorandum of understanding (MoU) on the cement factories development plan was signed by the...
Wed, 06 Jul 2011
Malaysia wishes to invest in South Lampung plantations
Kalianda, Lampung (ANTARA News) - The Agricultural Development Agency of Negeri Perak, Malaysia, is interested in investing in coconut plantations in South Lampung regency.South Lampung regency administration secretary Sutono said here Friday that they wished to know the potential of coconut...
Wed, 06 Jul 2011
Foreign tourist arrival in Bali up 6.61 pct
Denpasar, Bali Province (ANTARA News) - Bali Island has attracted over 1.05 million foreign tourists during the first five months of 2011.During January-May 2011, Bali received a total of 1,05 million foreign tourists, up 6.
Wed, 06 Jul 2011
Govt discussing tax holiday for investors
Jakarta (ANTARA News) - The government is considering granting a tax holiday to investors who participate in the implementation of the Master Plan for Indonesian Economic Development and Expansion (MP3EI), a minister said.
Thu, 30 Jun 2011
Giving Bali the Business
Hillary Clinton and Eric Schmidt Featured Speakers at July ASEAN Entrepreneur Summit in BaliJakarta Globe reports that the ASEAN Regional Entrepreneurship Summit schedule to be held in Bali in July will host more than 200 business leaders from across the region.U.S.
Thu, 30 Jun 2011
Bali to Have a Local Rail System by 2014?
Government Projects US$2 billion Bali Rail SystemBisnis.com reports that the government is targeting the for a 600 kilometer rail system to be in operation in Bali by 2014 at a total project cost of Rp. 18 trillion (US$2 billion).
Thu, 30 Jun 2011
Japanese Investors to Develop Gas Fields in Eastern Reaches of Nation
ByRirin Radiawati KusumaIn a bid to boost output, the Indonesian government has invited Japanese investors to develop small gas fields in the eastern part of the Southeast Asian nation.The Japan Bank for International Cooperation would help with financing for investors who want to work on those...
Thu, 30 Jun 2011
Swiss-Belhotel to Build Condotel in Balikpapan
TEMPO Interactive, BALIKPAPAN:The Swiss-Belhotel and PT Hasta Kreasimandiri have joined forces to develop a star-rated condotel in Balcony, Balikpapan, East Kalimantan. The 17-storey building overlooking the sea will include a shopping center and playground.
Thu, 30 Jun 2011
OECD says RIs Investment Procedures too Complicated
TEMPO Interactive, Jakarta:Deputy secretary-general of the Organization for Economic Cooperation and Development (OECD) Richard Boucher, says that investment procedures in Indonesia is still too complicated.
Thu, 30 Jun 2011
Weak Global Economy Dampens Foreign Investment
TEMPO Interactive, Jakarta:A beleaguered global economy has weakened investment interest in Indonesia’s agriculture sector despite its natural resource wealth, said Deputy Agriculture Minister Bayu Krisnamurthi.