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Tue, 17 Feb 2009
Tangerang To Go for Hydroponic Agrobusiness
TEMPO Interactive, Tangerang: The Tangerang municipality will soon implement hydroponic agro-business to improve its agricultural productivity. "We can develop red rice or guava in limited areas," said Tangerang mayor Wahidin Halim yesterday.
Tue, 17 Feb 2009
Indonesia Proposes Strong Collaboration In Tourism
BATAM, Indonesia, Feb 17 (Bernama) -- Indonesia is proposing a strong collaboration with Malaysia to increase the number of tourists to both countries.Apart from using tourism incentives such as low price packages, the republic has suggested that the two countries promote each other through...
Tue, 17 Feb 2009
Indonesia mulls "use local" decree, denies protectionism
JAKARTA (Reuters) - Indonesia plans to order its nearly four million civil servants to use local products ranging from footwear to heavy machinery to help the economy weather the global financial crisis, officials said on Monday.
Tue, 17 Feb 2009
Indonesia Grows at Slowest Pace in 2 Years on Exports
Feb. 16 (Bloomberg) -- Indonesia’s economy expanded at the slowest pace in more than two years as the global recession crimped demand and reduced prices of the nation’s palm oil, rubber and electronics exports.Southeast Asia’s biggest economy grew a less-than-estimated 5.
Tue, 17 Feb 2009
Batam To Have Internet Center
TEMPO Interactive, Jakarta: To transform Batam into a digital area, PT Telkom yesterday launched the Telkom Internet Center at Batam International port. This center is the first to be launched out of the 50 Internet points scheduled to be installed in Batam.
Mon, 16 Feb 2009
Indonesia may allow conversion of peatlands for palm oil
It's more moot than Miles Davis PC. I actually did some editing for the European Union Forestry Commission once before they packed up and went home in despair (I don't think it was because of me). Indonesia is the world's canary in a coal mine. Environmental catastrophe is assured...
Mon, 16 Feb 2009
Oil, gas firms to invest $14b in 2009
Oil and gas firms have proposed to invest US$14 billion this year, about 15 percent higher than the $13.15 billion calculated last month.Last month’s figure was based on submitted Work Program and Budget (WP & B) proposals from the majority of 203 contract holders.
Mon, 16 Feb 2009
Democrats and PKB say they will focus on agriculture sector
As it tries to ward off the fallout from the global recession, Indonesia’s economy should focus more on developing the agriculture sector.That was the message conveyed by President Susilo Bambang Yudhoyono’s Democratic Party and the National Awakening Party (PKB), when the two parties met...
Mon, 16 Feb 2009
Indonesia may allow conversion of peatlands for palm oil
Right now it is illegal to clear peatland where the depth of peat is more than 4 meters. Presumably this decree plans to change that. Mind you, the ban is from the forestry dpt, whereas the guy quoted is from the Agriculture ministry, who are not in charge of plantations.
Mon, 16 Feb 2009
Indonesia may allow conversion of peatlands for palm oil
The Indonesian government will allow developers to convert millions of hectares of land for oil palm plantations, reports The Jakarta Post. The decision threatens to undermine Indonesia's efforts to reduce greenhouse gas emissions from land use and fashion itself as a leader on the environment...
Mon, 16 Feb 2009
Indonesian GDP Growth Probably Slowed to Two-Year Low
Feb. 16 (Bloomberg) -- Indonesia’s economy, Southeast Asia’s biggest, probably expanded at the slowest pace in more than two years in the fourth quarter as exports slumped.Gross domestic product grew 5.7 percent in the three months ended Dec. 31 from a year earlier, after gaining 6.
Mon, 16 Feb 2009
Businesses Project 4% Growth
The business community remains upbeat that the country will be able to achieve about 4 percent economic growth this year despite the global economic crisis, but that such a rate requires the delivery of a speedy fiscal stimulus package and stable macro-economic indicators.
Sun, 15 Feb 2009
Indonesia sees decline in gas and non-oil exports
JAKARTA: Indonesia's trade minister said yesterday export volumes for non-oil and gas are set to fall 20-30 per cent this year from last year as global trade slows. Earlier this month, Trade Minister Mari Pangestu said Indonesia's non-oil and gas export growth target had been revised to below 4.
Sun, 15 Feb 2009
Indonesia domestic industries hail new import ban
JAKARTA (Xinhua): Some industries in Indonesia are praising controversial new Trade Ministry regulations that restrict imports of consumer goods and food items, saying they have helped to reduce smuggled goods into the country, a local newspaper reported Saturday.
Sun, 15 Feb 2009
UPDATE 1-Indonesia sees container volumes down 20-30 pct in '09 Sat Feb 14, 2009 1:30pm GMT Email |Print | Repri
JAKARTA, Feb 14 (Reuters) - Indonesia's trade minister said on Saturday export volumes for non-oil and gas are set to fall 20-30 percent this year from 2008 as global trade slows, dealing a blow to Southeast Asia's biggest economy in an election year.
Sun, 15 Feb 2009
Property Agents Set for Tighter Control
Certification and Licensing for Real Estate Agents and Property Brokers to be Introduced by August 2009.(2/14/2009) The government and the Indonesian Association of Real Estate Brokers (AREBI) have promised to begin surveying the actual number of property agents operating in Indonesia as part of an...
Sun, 15 Feb 2009
US$100 million Investment in Entertainment Complex
Investment Part of US$750 Million Total Investment in 400 Hectare Pecatu Indah Resort Development.Bali News: US$100 million Investment in Entertainment Complex(2/14/2009) Bisnis Indonesia reports that PT Klapa New Kuta Beach, a company owned by Tommy Soeharto, the youngest son of Indonesia's 2nd...
Sat, 14 Feb 2009
Government to Sign Free Trade Agreement
TEMPO Interactive, Jakarta:The government stated that it will go ahead and sign the ASEAN free trade agreement (FTA) with Australia and New Zealand on February 27. “So far, there has been no changes,” said Trade Minister Mari Elka Pangestu yesterday.
Sat, 14 Feb 2009
Indonesia in cross hairs of global economic slowdown
Proof shows in shrinking cargo volume, growing number of expelled workersTANJUNG PRIOK PORT, Indonesia - Customs officer Tiko Murtiadji is no economist, but as he watches a truck-size X-ray machine inspect a cargo load of car tires here, he knows evidence of the global economic slowdown is standing...
Sat, 14 Feb 2009
Indonesia's Aceh eyes investment to replace aid
JAKARTA, Feb 13 (Reuters) - Indonesia's Aceh, rich in resources ranging from coffee to natural gas, aims to lure more investment now that the state agency to rebuild after the 2004 tsunami is set to close, its governor said on Friday.
Sat, 14 Feb 2009
CPO Hits Monthly High Amid Reduced Stockpiles
Palm oil futures completed a second weekly gain after stockpiles in Malaysia, the world’s second-biggest producer, dropped to a nine-month low.Malaysian CPO fell 10 percent in January from December to 1.33 million metric tons, cutting stockpiles by 8.3 percent to 1.83 million tons.
Sat, 14 Feb 2009
Imports Expected to Slump Due to Rupiah Depreciation
In another sign that the country’s economy is slowing down, the country’s imports are expected to drop by nearly 15 percent in value this year because of the rupiah’s depreciation and slowing production.
Sat, 14 Feb 2009
Indonesia to provide housing to low-incomes through secondary mortgage
JAKARTA, Feb. 13 (Xinhua) -- The Indonesian government will boost house financing through the sales of mortgage-backed securities, so as to help provide decent housing to low-income people, the Jarkata Post reported Friday.
Fri, 13 Feb 2009
Pertamina plans refinery projects
Originally Posted By: Polisi CepekCopywriter fail too. And final check desk, etc etc journalist FAIL. business desk editor FAIL. check desk editor FAIL.
Fri, 13 Feb 2009
Govt to focus on fishery diversification
The Jakarta Post, JAKARTA The Ministry of Marine Affairs and Fisheries plans to increase the volume of processed fishery product exports up to 25 percent of total fisheries production in order to increase the value of exports.The ministry’s director of foreign marketing Saut P.
Fri, 13 Feb 2009
Pertamina plans refinery projects
Mustaqim Adamrah, THE JAKARTA POST, JAKARTA State oil and gas firm PT Pertamina plans to build two new refineries and expand its biggest existing one to meet domestic demand and cut imports.President Bambang Susilo Yudhoyono said on Thursday the country produced a great deal of oil but still had to...
Fri, 13 Feb 2009
State firms may get privileges in mining law
Following the enactment of the new mining law, the government is drafting a regulation which will give special treatment for state enterprises.“We will regulate the status of the state enterprises in the government regulation.
Fri, 13 Feb 2009
Riau Gets Ready Five Ports
TEMPO Interactive, Batam:Five ports around Batam, Bintan and Karimun are being spruced up following the plan to establish a free trade and port zones for certain products. Riau Industry and Trade Office chief Jon Arizal said the ports include Batu Ampar, Sekupang and Kabil.
Fri, 13 Feb 2009
M`sia plans on exporting electricity to Sumatra
Putrajaya (ANTARA News/Bernama) -- The Ministry of Energy, Water and Communications is planning to export electricity power of up to 45 percent from the government`s reserves margin to Sumatra, Indonesia in the near future.
Fri, 13 Feb 2009
Ministry proposes low duty on imported raw materials of textiles
Jakarta, (ANTARA News) - The Industry Ministry has proposed a cut in duty on the import of raw materials of textiles to increase the competitive edge of the commodity."It is true we have proposed a cut in duty on the import of raw materials of textile products which have strong market such as...
Thu, 12 Feb 2009
Property Market Reduced by Ten Percent
TEMPO Interactive, Jakarta: Research by property consultant Jones Lang LaSalle, said the market in Indonesia was reduced by ten percent. However, Indonesia is still a potential market. Chairperson Lucy Rumantir, said that since the fourth quarter last year, the property market has slowed down due...
Thu, 12 Feb 2009
Government Asks ASEAN Free Trade to be Delayed
TEMPO Interactive, Jakarta: Entrepreneurs are asking ASEAN free trade (AFT) to be delayed. The government is asked to focus on the national interest. “We better delay it until the crisis is over,” said head of Indonesian Employers Association (Apindo), Sofjan Wanandi, yesterday.
Thu, 12 Feb 2009
China-made Shoes Flood Local Markets
TEMPO Interactive, Jakarta:The Indonesian Shoe Producers Association chairman, Eddy Widjanarko, said local shoe production was being squeezed out by imported products from China. "We are concerned that the crisis will force China to dump their products worldwide, including in Indonesia,"...
Thu, 12 Feb 2009
Budget hotels may buck property trend
Benget Besalicto Tnb., THE JAKARTA POST, JAKARTASlowing up: Three towers are under construction in Central Jakarta. Weaker demand and high interest rates are slowing down growth in the property sector this year, delaying start-up dates for planned building sites.
Thu, 12 Feb 2009
Excelcomindo cancels tower sales
The Jakarta Post, JAKARTA Publicly listed cellular phone operator PT Excelcomindo Pratama (XL), the country’s third largest telcom company, has cancelled plans to sell 7,000 telecommunications towers and will instead turn to a rights issue to raise funds.
Thu, 12 Feb 2009
Mazars Accounting Firm to Set Up Shop
France-based accounting firm Mazars is to enter Indonesia through a merger with the local arm of Moores Rowland, said executive Jon Mellows.Mazars will join the list of the big four international accounting firms that already have operations here.
Thu, 12 Feb 2009
Thomson Financial News Indonesia consumer confidence edges up -surveys
Bank Indonesia's survey of 4,600 households in 18 cities across Indonesia, released on its website (www.bi.go.id) released on Wednesday, Journalism FAIL
Thu, 12 Feb 2009
Indonesia seeks greater control over its energy resources
only $201.57 million?Cheapskates...
Wed, 11 Feb 2009
Indonesia seeks greater control over its energy resources
Eric WatkinsOGJ Oil Diplomacy EditorLOS ANGELES, Feb. 10 -- The Indonesian government, aiming to play a greater role in managing its own energy resources, plans to step up the participation of domestic firms in developing the country's oil and gas industry.
Wed, 11 Feb 2009
Thomson Financial News Indonesia consumer confidence edges up -surveys
JAKARTA, Feb 11 (Reuters) - Indonesian consumer confidence rose slightly in January, helped by expectations of easing inflation in Southeast Asia's biggest economy after a series of cuts in subsidised fuel prices, two surveys showed.Indonesia's annual inflation in January eased to 9.
Wed, 11 Feb 2009
Steel Imports to be Restricted
TEMPO Interactive, Jakarta:The government will intensify steel imports following the dumping of cheap iron ore from outside the country. Metal, Machinery, and Textile Industry director-general, Anshari Bukhari, said the measure is taken to protect the national steel industry.
Wed, 11 Feb 2009
Infrastructure Fund ready to be set up; WB, ADB contribute
The Infrastructure Fund - which would provide alternative financing for development projects - may be up and running as early as March.The World Bank and the Asian Development Bank (ADB) will contribute around Rp 2 trillion (US$170 million) to help fund the country's infrastructural development,...
Wed, 11 Feb 2009
Business Trust Improved
TEMPO Interactive, Jakarta: The level of trust and hope of doing business in Indonesia still remain high.Companies in Indonesia are perceived as trustworthy companies, according to research by Tust Barometer published yesterday (10/2).
Wed, 11 Feb 2009
RI may prefer lead role in oil, gas: Kalla
Originally Posted By: biznewsRI may prefer lead role in oil, gas: KallaThe government has hinted that PT Pertamina should consider to take the lead in all oil and gas energy projects in the country. How do you hint to yourself?
Wed, 11 Feb 2009
Ministry: Indonesia Will Miss Soy Target
The Ministry of Agriculture has had to push back its target of reaching national soybean self-sufficiency three years - from 2011 to 2014 - because low yields and fluctuating prices for the crop have continued to hamper local production.
Tue, 10 Feb 2009
Seminar in Taipei to focus on investment opportunities in Indonesia
Taipei, Feb. 10 (CNA) The Taipei-based Chinese National Association of Industry and Commerce will hold a seminar Wednesday to allow Taiwanese entrepreneurs to familiarize themselves with investment opportunities in Indonesia.The seminar is scheduled to take place from 2 p.m. to 4:30 p.m.
Tue, 10 Feb 2009
RI may prefer lead role in oil, gas: Kalla
Aditya Suharmoko , THE JAKARTA POST , THE HAGUE Indonesia will gradually improve the roles of local energy companies and will not let foreign firms control the country’s energy resources, Vice President Jusuf Kalla says.
Tue, 10 Feb 2009
Singapore Temasek loses $39 billion in 8 months
The Jakarta Post | Tue, 02/10/2009 5:11 PM | BusinessSingapore state investment company Temasek says it lost about US$39 billion, or 31 percent of its holdings, in eight months last year as big bets in the financial sector went sour.
Tue, 10 Feb 2009
Loan defaults ring alarm bells
Soaring loan defaults in some economic sectors has raised questions over the severity of the impact of the global economic crisis on Indonesia.While Bank Indonesia insists that last year's nonperforming loans (NPL) were still manageable at 4 percent - less than the BI tolerance level of 5 percent -...