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Mon, 12 Jul 2010
Star-rated hotels in E Nusa Tenggara see 60.08% occupancy rate
Kupang, E Nusa Tenggara (ANTARA News) - Star-rated hotels in East Nusa Tenggara province saw a more than 4 percent increase in their occupancy rate to 60.08 percent in May from a month earlier.The occupancy rate of star-rated hotels in the province rose to 56.06 percent in March, 56.
Mon, 12 Jul 2010
Bank BNI to focus on favored industries
Jakarta (ANTARA News) - Bank BNI Director Gatot M Suwondo said his bank in the next two years would focus on the financing of favored industries in the regions."We are now studying the conditions of selected industries in every region in the country that we believed could receive our...
Mon, 12 Jul 2010
Bengkulu`s annual CPO production reaches 1.8 million tons
Bengkulu (ANTARA News) - The Sumatran province of Bengkulu is able to produce 1.8 million tons of crude palm oil (CPO) this year, an increase of 25.3 percent from that a year earlier, a regional official said.
Fri, 09 Jul 2010
Indonesia to import 800,000 tons of corn in 2010
JAKARTA, July 9 (Xinhua) -- Indonesia will import 800,000 tons of corn in 2010 to fulfill domestic needs as the country is predicted unsuccessful in meeting its production target, Kompas daily quoted an official as saying on Friday.
Fri, 09 Jul 2010
Indonesia says labour law review may take two years
JAKARTA July 8 (Reuters) - A review of Indonesia's strict labour laws could be completed in one or two years, an official from the manpower ministry said on Thursday, longer than hoped for by investors looking for flexibility in hiring.
Fri, 09 Jul 2010
Swiss-E Java cooperation promotes access to investment
Surabaya, E Java (ANTARA News) - The Swiss Confederation Republic administration has established cooperation with the East Java provincial administration after developing various potentials of businesses by way of investment access facilities.
Thu, 08 Jul 2010
Indonesia Chief Among Countries Limiting Foreign Access to Domestic Markets: World Bank
Washington. The vast majority of countries are missing out on lucrative investment opportunities by limiting foreign companies’ access to their domestic markets, the World Bank said on Wednesday. Nearly 90 per cent of the 87 countries surveyed have laws that bar foreign companies from some...
Thu, 08 Jul 2010
West Lombok Power Plant Project to Be Delayed
VIVAnews - State electricity company PT Perusahaan Listrik Negara (PLN) President Director Dahlan Iskan said the development of steam-powered electricity generator in Jeranjang, West Lombok, West Nusa Tenggara would not be finished until October.
Thu, 08 Jul 2010
Indonesia to scrutinise firms' export earning flows
JAKARTA, July 8 (Reuters) - Indonesia plans to issue new rules this year that will require companies to report where and in which banks they expect to put their export earnings, as it seeks to monitor capital flows and improve tax collection.
Thu, 08 Jul 2010
Indonesian president vows to improve business environment
JAKARTA, July 7 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono Wednesday reassured investors that the country would boost business environment by exercising good governance and strengthening efforts to combat corruption.
Thu, 08 Jul 2010
Switzerland offers SBY contribution in corruption eradication
Jakarta (ANTARA News) - The President of the Swiss Confederation Doris Leuthard has offered a contribution of the Swiss government in corruption eradication in Indonesia."We have a long procedure but we are willing to contribute," President Leuthard said at the Merdeka Palace in Jakarta...
Thu, 08 Jul 2010
Indonesia expects trade with Turkey to double
Jakarta (ANTARA News) - Indonesia expects its trade with Turkey to double to five billion US dollars in the next two years."Our trade volume in 2008, before the crisis, reaches 2.1 billion US dollars.
Thu, 08 Jul 2010
Govt controls imports of cow meat
Jakarta (ANTARA News) - The Indonesian government is controlling imports of cow meat while at the same time increasing domestic production to realize self-sufficiency in the meat supply by 2014."Now the domestic production is improving.
Thu, 08 Jul 2010
RI starts negotiating economic partnership with EFTA
Jakarta (ANTARA News) - The Indonesian government will soon discuss a comprehensive economic partnership agreement with the European Free Trade Association (EFTA) consisting of Switzerland, Norway, Iceland and Liechstentein, a minister said.
Thu, 08 Jul 2010
The Easy Sell of Organics
Emilia Nursanti Wibisono, or Santi, is one of the more well-known proponents of the organic food movement here in Jakarta. Her introduction to organic food came in 2001, when her son, Kay, a toddler at the time, was diagnosed as a special-needs child.
Mon, 05 Jul 2010
Regulation of Property Ownership by Foreigners
Interview: Notary Rainy Hendriany Provides Latest Update on Rules for Land Ownership by Foreigners in Bali, Indonesia.Despite failed promises by the Indonesian government to liberalize the rules on foreign land ownership and expectations that the international real estate conference held in Bali in...
Mon, 05 Jul 2010
Understanding RI’s logistics costs
Indonesian top politicians and policy makers are all talking about our competitiveness in the world market. Some are quoting the results of World Bank’s Logistics Performance Index (LPI) 2007 and 2010, which basically demonstrates the lack of competitiveness in the Indonesian logistics system.
Mon, 05 Jul 2010
Indonesia’s year of living prosperously
Quoting: flingwingThis, then, prompts the question: “how can we convert our long-term, often hard-won knowledge of this place into money now”? so, you want to monetize your experience here? problem is, most newbies coming to this country don't value such experience.
Mon, 05 Jul 2010
Quest for Beauty Provides Plastic Surgery Sector Lift
An increasingly image-conscious Indonesia is seeing a boom in plastic surgery. The industry has enjoyed 400 percent growth over the past five years, according to a representative of the Indonesian Plastic Surgeons Association (Perapi).Dr.
Mon, 05 Jul 2010
Indonesia and Asian Rivals Spy A Chance if Factories Quit China
Labor costs and the value of China’s currency are sending ripples around Asia as countries jostle to lure manufacturers that are rethinking their Chinese operations, analysts and officials said.Worker unrest at foreign-owned factories and the prospect of higher wage costs are causing some...
Mon, 05 Jul 2010
Calls for Australia To Open Fruitgates
The Agriculture Ministry is renewing calls for Australia to open its borders to Indonesian fruit as part of ambitious efforts to grow the country’s tiny fruit export industry by thirtyfold by the end of the year.
Mon, 05 Jul 2010
Indonesia’s year of living prosperously
That article is a veritable tour-de-force of economic history. In it, it states something an investment counselor said: “When we started out in 2003, nobody wanted to look at Indonesia”. For many “old hands” we can go one better.
Sun, 04 Jul 2010
Indonesia’s year of living prosperously
The mineral-rich nation once dominated by a dictatorship may grow faster than Brazil this year. It’s poised to become an emerging-market giant - if it can finally shake off crony capitalism.If al-Qaeda-linked terrorists thought they could drive foreign investors out of Indonesia, they didn’t...
Fri, 02 Jul 2010
Key political risks to watch in Indonesia Factboxes
JAKARTA July 1 (Reuters) - Strong growth and political stability made Indonesia Southeast Asia's most attractive investment destination last year, but the outlook is threatened by a struggle between reformers and powerful vested interests.
Thu, 01 Jul 2010
Trade with China, Indonesia Loses Rp 19 Tn
VIVAnews - The trade between Indonesia and China from January until May this year is believed as causing Indonesia to book losses.Chief of the Central Statistics Agency (BPS) Rusman Heriawan said the losses reached US$2.11 billion.
Thu, 01 Jul 2010
Tax Refunds Prone to Manipulation
TEMPO Interactive, Jakarta:Tax restitutions or the refund of overpayment of taxes is one of the tax services susceptible to manipulation. According to chief of Inspection Strategy at the Tax Directorate General, Tunjung Nugroho, the commonly-used modus is submitting a fake proof of overpaid tax.
Thu, 01 Jul 2010
Indonesia Now on Everyone’s Radar Screen: Consultant
Indonesia is starting to get the attention it deserves and can no longer be ignored by multinational companies seeking growth, according to James Castle, an American business consultant with 30 years experience in the country.
Thu, 01 Jul 2010
Govt to issue new power rates
Jakarta (ANTARA News) - The government will issue energy and mineral resources decree No 7 of 2010 dated June 30, 2010, on new power rates.Minister of Energy and Mineral Resources Darwin Saleh said in Jakarta on Wednesday that the decree will serve as a legal umbrella in the introduction of an...
Wed, 30 Jun 2010
Indonesians ‘Second-Most Confident’ in World
Quoting: biznewsAbout 70 percent of Indonesians polled described their job prospects as excellent or good... They can't all be right.
Wed, 30 Jun 2010
Indonesia To See Software Piracy Rising This Year
JAKARTA, June 30 (Bernama) -- A software piracy watchdog official said that the rate of software piracy in Indonesia will be rising this year following the increasing need of computer software, causing losses up to US$900 million, local media reported Wednesday.
Wed, 30 Jun 2010
Indonesians ‘Second-Most Confident’ in World
Indonesians are the second-most confident people in the world about their job prospects and near-term financial futures, according to a global survey released on Tuesday by media and consumer research company AC Nielsen.
Wed, 30 Jun 2010
Losses from Transfer Pricing at Rp 1,300 Tn
VIVAnews - Taxation analyst from a nonprofit agency Lumbung Informasi Rakyat (LIRA), Narliswandi Piliang, said Indonesia's losses from transfer pricing reach Rp 1,300 trillion.The estimate was acquired from the transfer pricing section at the Directorate General of Taxes based on data of the OECD...
Wed, 30 Jun 2010
Chinese investors eyeing West Kalimantan-Sarawak border region
Pontianak, W Kalimantan (ANTARA News) - A number of investors, including Chinese, were interested in building the West Kalimantan and Sarawak border region where they planned to build their businesses."They needed 20 thousand hectares of land," West Kalimantan Governor Cornelis said in...
Wed, 30 Jun 2010
Pangkalpinang to develop wind, solar energy
Pangkalpinang, Bangka-Belitung (ANTARA News) - The Pangkalpinang city administration in Bangka-Belitung (Babel) province plans to develop wind and solar energy to overcome a local electricity crisis."We have made a plan with a Japanese scientist to develop wind and solar energy potentials here...
Wed, 30 Jun 2010
RI still has potential to attract investors
Jakarta (ANTARA News) - Indonesia still has a good chance of attracting foreign investors as world trade has been improving.Deputy Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for investment, transportation, information and telecommunication Chris Kanter said in Jakarta...
Wed, 30 Jun 2010
World Bank: RI economy to continue growing
Makassar (ANTARA News) - The World Bank predicts Indonesia`s economy will continue to grow although economic reports in the first quarter showed uncertainty in the world market.World Bank senior economist Enrique Blanco Armas said here on Tuesday the country`s economy is expected to rise slowly in...
Thu, 24 Jun 2010
Google, Bconnect to Provide Cheap Internet
VIVAnews - Bakrie Telecom's subsidiary on data service, Bakrie Connectivity (BConnect), teams up with Google and launched data service and broadband Internet modem in Indonesia today."Bakrie Telecom is known by its affordable voice and short message services.
Thu, 24 Jun 2010
Tanjung Priok Harbor to Adopt Int'l Standard
VIVAnews - The government is developing Tanjung Priok, Jakarta, into an internationally-standardized harbor. However, several numbers of challenges, such as the existence of irrelevant lands and properties owned by other institutions, are getting on the way.
Thu, 24 Jun 2010
Creative Industry to Contribute 9 Pct of GDP
VIVAnews - Indonesian vice president Boediono said creative industry has grown rapidly within the last few years."Creativity never loses its sources. It is a perfect choice to consider creativity as the central pillar of the Indonesian economic progress,"said Boediono in Jakarta today,...
Thu, 24 Jun 2010
Midea invests 2 million US dollars in Indonesia
Midea invests 2 million US dollars in IndonesiaJakarta (ANTARA News) - Chinese electronic company Midea Electronics invested an initial 2 million US dollars to enter the Indonesian market."By building a joint company, Midea is officially operating in Indonesia with an initial capital of 2...
Wed, 23 Jun 2010
Unilever to Boost Indonesian Investment Amid P&G Price Threat
June 23 (Bloomberg) -- Unilever plans to boost the amount it spends building factories in Indonesia over the next two to three years as it adds products to fend off Procter & Gamble Co. in the world’s fourth-most-populous country.
Wed, 23 Jun 2010
Jakarta to resume stalled monorail project
The post-apocalyptic look is soooo in, dahling.
Wed, 23 Jun 2010
Jakarta to resume stalled monorail project
rusting iron and concrete towers are de rigueur for today's modern well-dressed city.but fear not; this news item is merely a "wacana". no-one with actual money is going to go anywhere near this project.
Wed, 23 Jun 2010
Jakarta to resume stalled monorail project
So the big news is that they're going to sling even more taxpayer money at Jusuf Kalla's company in return for a few rusted-out iron and beaten-up concrete pillars?
Wed, 23 Jun 2010
Malaysia Interested in Developing Pawnshop Franchise
TEMPO Interactive, Jakarta:Malaysian bank Bank Kerja Sama Rakyat Malaysia or Bank Rakyat Malysia intends to develop the Islamic Pawnshop Franchise Ar-Rahnu X'change, in Indonesia.The Domestic Trade, Cooperative and Consumers Minister , Datuk Seri Ismail Sabri Yaakob, said the step has been taken as...
Wed, 23 Jun 2010
Jakarta to resume stalled monorail project
Jakarta (ANTARA News) - The Jakarta city government has decided to resume the city`s stalled monorail construction project after compensating the private company that initiated it for works already done.
Wed, 23 Jun 2010
Company chief on trial for ignoring insurance program
Medan, N Sumatra (ANTARA News) - For the first time in North Sumatra, the management of a private company is currently being tried in court for failing to include its workers in the mandatory Workers Social Insurance (Jamsostek) program.
Wed, 23 Jun 2010
E Java third biggest energy producer
Surabaya, E Java (ANTARA News) - East Java is the third biggest oil and gas producer in Indonesia after East Kalimantan and Riau."With 31 mining exploitation concessions, East Java is the third biggest oil and gas producer in the country," East Java regional secretary Rasiyo said in...
Wed, 23 Jun 2010
Indonesia has potential as biggest fish exporter
Banda Aceh, Aceh (ANTARA News) - Consultant of the Food and Agriculture Organization (FAO) Erik Hempel said Indonesia may be the world`s biggest fish exporting country."We know that Indonesia has big fish resources and therefore may have the potential to become the most fish exporter,"...
Wed, 23 Jun 2010
Gemcom Announces Office Opening in Indonesia to Support Local Clients
(MARKET WIRE) -- Gemcom Software International Inc., the largest global supplier ofspecialised mining productivity solutions, today announced that it willopen an office in Jakarta, Indonesia on June 25, 2010.