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Fri, 07 Mar 2008
Britain wants to increase investment in RI`s energy sector
Double posting whore...thats how you get your post numbers up I see...."The prince who is British Queen Elizabeth II`s third child and second son and bears the title of Duke of York."In other news he has a mother who likes to watch famous diplomatic figures wanking in public!
Fri, 07 Mar 2008
Prince Andrew promises to encourage more British bizmen to invest in RI
No doubt the meeting was only 30 minutes long so Randy Andy could get a game of golf in, piss the students at BIS right of, fuck off for a game of golf and finaly settle down to some imported Rusian Whores delivered to his hotel by the British Embassies security services.
Fri, 07 Mar 2008
Britain wants to increase investment in RI`s energy sector
Jakarta (ANTARA News) - Britain wants to increase its investment in Indonesia`s energy sector and is interested in the possibility of taking part in the development of oil and gas fields in the D-Alpha Block in Natuna waters in Riau Islands province , a minister said.
Fri, 07 Mar 2008
Bali`s handicraft exports up 10 pct
Denpasar, Bali (ANTARA News) - Bali's handicraft exports in January 2008 rose 10 percent to US$16.9 million from US$15.14 million in the same period last year.Wooden handicraft and furniture topped the list of foreign exchange earners, contributing US$8.
Fri, 07 Mar 2008
Prince Andrew promises to encourage more British bizmen to invest in RI
Jakarta (ANTARA News) - Britain`s Prince Andrew in his capacity as his country`s special envoy for investment and international trade has promised to encourage more British businessmen to invest in Indonesia which, in hiw view, has made much progress during the past ten years, an Indonesian...
Thu, 06 Mar 2008
Prince Andrew meets RI trade minister
BREAKING NEWS......BREAKING NEWS...........BREAKING NEWSPrince Andrew of the British Royal family has been found to be missing his ring finger of his right hand. At first it was a mystery but through the majic of video recordings MI-5 has been able to trace back the loss of the Prince's finger to...
Thu, 06 Mar 2008
Economy see 'paradoxical growth'
Economists attending a discussion in Bogor on Wednesday to review the country's economic performance over the last five years concluded that Indonesia suffered from a paradox in growth.International Center for Applied Finance and Economics director Iman Sugema said an excess of liquidity had become...
Thu, 06 Mar 2008
Asia`s booming billionaires, Indonesia has five
New York (ANTARA News) - The number of billionaires in Asia jumped more than 30 percent last year, with tycoons from India and China leading the charge, according to Forbes magazine's annual billionaires list.
Wed, 05 Mar 2008
Without quality education, the country will change fundamentally
If knowledge is power, then Indonesia has a long way to go. This is not to cast aspersions on the country, but to highlight an opportunity for investors. When all the facts are considered, it makes a lot more sense to invest in a school than in another shopping mall.
Wed, 05 Mar 2008
PGN to build LNG terminals worth $1.7 billion
Ika Krismantari , The Jakarta PostState gas distributor PT Perusahaan Gas Negara (PGN) plans to build three liquefied natural gas receiving terminals with a total investment of US$1.78 billion.President director Sutikno revealed the plan in a presentation during a hearing with the House of...
Wed, 05 Mar 2008
Recent electricity blackouts: The coal paradox
As the number one thermal coal exporter in the world, Indonesia should not be facing a coal crisis.Oil prices have been rising steadily for the last five years, from US$31 per barrel in 2003 to $102 per barrel today.
Wed, 05 Mar 2008
Creative workers sought to fill overseas vacancies
Rendi Akhmad Witular, The Jakarta PostIndonesian beauty therapists migrating to frosty Canada are among many Indonesians being headhunted for work overseas.Reputed for having a leading international spa industry, Indonesia is a haven for headhunters around the world searching for the best spa...
Wed, 05 Mar 2008
Royal visit seen as boost for RI investment
Prince Andrew, the Duke of York, was in Jakarta on Tuesday as a special envoy for trade and investment, aiming to strengthen bilateral ties between the United Kingdom and Indonesia and look for new business opportunities.
Wed, 05 Mar 2008
Tax Directorate General agrees on one percent income tax
Batam (ANTARA News) - The Tax Directorate General agreed to set the income tax on property at one percent of the price of a low-cost house or flat, general chairman of Real Estate Indonesia Teguh Satria said in Batam Tuesday night.
Wed, 05 Mar 2008
Prince Andrew meets RI trade minister
Jakarta (ANTARA News) - Britain`s Prince Andrew met with Indonesian Trade Minister Mari Elka Pangestu on Tuesday in his capacity as an investment and trade envoy of the British Royal Family.Prince Andrew expressed keen interest in enhancing trade and investment relations between the two nations,...
Tue, 04 Mar 2008
DI to team up with Eurocopter
State-owned aircraft maker PT Dirgantara Indonesia (DI) said it will team up with European helicopter producer, Eurocopter, to produce helicopters to meet short term targets, Asia Pulse reported.PT DI signed a memorandum of understanding with Eurocopter on cooperation in the production of...
Tue, 04 Mar 2008
Telkom ready to cut rates by 20%
State telecommunication operator PT Telkom will cut the retail tariff of all of its services by an average of 20% when a government-sanctioned reduced cost-based interconnection tariff takes effect on April 1, a spokesman said."Our telephone tariff will be reduced by an average of 20%.
Tue, 04 Mar 2008
Indonesia buys 4,000 tons of US beef
The government has allowed two companies to import 4,000 tons of beef from the United States for April delivery, marking the resumption of US beef import to the country, Xinhua reported Thursday (28/2/08).Like many other countries, Indonesia previously banned the import for fear of mad cow disease.
Tue, 04 Mar 2008
Middle East oil money will be invested in Indonesia’
Businesses in oil-rich Middle Eastern countries are investing money into Indonesia, according to an Asia Pulse report on Friday (29/2/08).Investments are targeted at a wide range of industries, from telecommunications and utilities to property development and financial services.
Tue, 04 Mar 2008
BI to act to prevent sharp rupiah moves
Bank Indonesia (BI), will continue monitoring the rupiah exchange rate closely to prevent sharp fluctuations in the currency, deputy governor Budi Mulya told Reuters on Friday.Most Asian currencies rose on Friday after Federal Reserve Chairman Ben Bernanke signalled further interest rate cuts to...
Tue, 04 Mar 2008
Analysts forecast Inflation tipped to stay high
Inflation was expected to come in at a similar rate to January’s level of 7.4%, according to a range of analysts, with prices only expected to start falling again in March with the major rice harvest.
Tue, 04 Mar 2008
Indonesia`s IAA to start US$14 bln refinery project in 2009
no idea about the backers. these sort of projects, especially those involving other asian companies, seem to take an awful long time to actually be realised, if they are realised at all! upshot? don't believe anything until you see it!
Tue, 04 Mar 2008
Indonesian trade surplus shrinks in January on increased imports
Jakarta (ANTARA News) - Indonesia's trade surplus dropped to 3.48 billion dollars in January from 4.06 billion dollars in the previous month even as exports hit a new record, a senior government official said Monday.Exports rose 2 percent from December to a new all-time high of 11.
Tue, 04 Mar 2008
Japan`s Kobelco Machinery to expand Indonesian plant
Tokyo (ANTARA News/Asia Pulse) - The Kobelco Construction Machinery Co. will relocate and expand its hydraulic shovel factory in Indonesia by October 2008 at a cost of Y500 million ($US4.83 million).The plant, run by local subsidiary PT Daya Kobelco Construction Machinery Indonesia, will be moved...
Tue, 04 Mar 2008
Indonesia`s IAA to start US$14 bln refinery project in 2009
Who are the Principal financial Companies? When is engineering site work expected to begin?? Very best regards, Unbound
Mon, 03 Mar 2008
BI to issue new Rp 2,000 note, Rp 1,000 coin
Bank Indonesia (BI) is set to issue a Rp 2,000 banknote (about 22 U.S. cents) and Rp 1,000 coin in the second semester of this year."BI has decided to issue a new banknote and coin after considering people's needs, as well as costs for making banknotes," BI deputy governor Budi Rochadi said...
Mon, 03 Mar 2008
Law enforcement is key to improving investment in mining: Govt
The mining sector contributes around 30 percent of the total state revenue, but legal uncertainties and unattractive fiscal policies are still plaguing and hampering investment growth in this sector.For almost 10 years, there have been few major investment projects entering Indonesia.
Mon, 03 Mar 2008
Damaged roads raise export costs
The protracted problem of damaged roads in the capital, which has caused massive traffic congestion leading to Tanjung Priok port, has forced exporters to spend 15 percent more on delivery costs.Indonesian Exporters Association (GPEI) secretary general Toto Dirgantoro told The Jakarta Post...
Mon, 03 Mar 2008
VP asks Brebes District to raise onion production
Brebes, Central Java (ANTARA News) - Vice President Jusuf Kalla has asked the Brebes district administration in Central Java to increase onion production by up to 50 percent to help the country reduce its imports of the commodity.
Mon, 03 Mar 2008
Investment in C. Java still low
Semarang, Central Java (ANTARA News) - Domestic and foreign investment in Central Java in 2007 was quite low compared to the investment approvals that had been issued.Head of the Central Java investment agency office Agus Suryono said in Semarang on Monday that there was such a big difference...
Mon, 03 Mar 2008
Miracle solution or imminent disaster?
Jacqueline Vel With worldwide attention on global warming and extremely high fossil fuel prices, interest in alternative energy is booming. The European Union has targeted 5.75 per cent of the market share for fossil fuel mixed with biofuel by 2010.
Sun, 02 Mar 2008
Indonesia mining sector benefiting from rising metal prices, not expansion
Jakarta (ANTARA News) - Indonesia's mining sector continued to enjoy record financial results in 2007 mainly due to strong commodity prices rather than expansion in business activities, a survey by PricewaterhouseCoopers howed.
Sun, 02 Mar 2008
Indonesian trade surplus seen down in January as exports fall
Jakarta (ANTARA News) - Indonesia's trade surplus is expected to have shrunk last month as exports fell amid slower demand from major markets like the United States while rising prices of crude oil and other commodities lifted imports, economists said Friday.
Sat, 01 Mar 2008
Mining lobby IMA urges transparency in divestment
The Indonesia Mining Association (IMA) suggested Friday the government allow foreign mining firms to sell their shares to local entities, as required under the mandatory divestment program, via initial public offerings (IPOs).
Sat, 01 Mar 2008
Hotels urged to improve quality of services
Irawaty Wardany , The Jakarta PostHotels and other tourism sector players should constantly improve the quality of their services so tourists will feel comfortable and want to come back to Bali, said an official of the Culture and Tourism Ministry.
Sat, 01 Mar 2008
Internet capacity down to 10%
The internet traffic capacity of PT Telekomunikasi Indonesia (Telkom) was down to 10 percent on Friday as undersea fiber optic connections to Singapore, which connect the country to the rest of the world, failed to function.
Sat, 01 Mar 2008
MUI wants draft law to ban sales of uncertified products
Any food products found without halal or haram labels should be withdrawn from the market to avoid confusing Muslims, the Indonesian Ulema Council (MUI) said Friday.Deputy head of MUI's food and drugs analysis body Lukmanul Hakim said once halal labeling was made compulsory all producers of halal...
Sat, 01 Mar 2008
Entrepreneurs Ask for Energy Assurance
Friday, 29 February, 2008 | 21:39 WIBTEMPO Interactive, Jakarta: The Indonesian Chamber of Commerce and Industry (Kadin) urged the Industry Department to have access to energy distribution. It is expected that this can answer the industry’s need of energy sources.
Sat, 01 Mar 2008
IFC Advances Mobile Banking Transformation
Friday, 29 February, 2008 | 21:44 WIBTEMPO Interactive, Jakarta: The International Finance Corporation (IFC), World Bank’s subsidiary, asked Bank Indonesia and the Indonesian government to observe the opportunity of mobile banking transformation development.
Fri, 29 Feb 2008
The fuel subsidy trap
Editorial, The Jakarta PostThe government is risking piling big mistakes on top of huge errors, all at the expense of the basic foundation of the economy, by stubbornly refusing to bring domestic fuel prices closer to international market levels.
Fri, 29 Feb 2008
Priok port access badly damaged
Aditya Suharmoko and Novia D.Rulistia The flow of goods to and from Tanjung Priok port has been further disrupted due to worsening road conditions and a scarcity of trailers, Director General of Customs and Excise Anwar Suprijadi said Thursday.
Fri, 29 Feb 2008
Investment in mining likely to remain low
New investment in the mining sector is likely to grow at a slow pace this year as investors wait for the enactment of a new mining bill being deliberated at the House of Representatives.The Energy and Mineral Resources Ministry's director general of coal, mineral and geothermal Simon Sembiring said...
Fri, 29 Feb 2008
Chamber to aid bio-ethanol supply
The Indonesian Chamber of Commerce and Industry launched a "cassava unit" on Thursday to prop up the country's cassava production in response to a growing demand for bio-ethanol supply.The unit, an official of the chamber said, should increase cassava production from current 10 tons per hectare to...
Fri, 29 Feb 2008
Manpower authorities to send 500 RI workers to Australia
government body in charge of recruitment ..... that should be fun when the Australians get the first load delivered. destined to fail!
Fri, 29 Feb 2008
Container crane to arrive in Tanjung Priok soon
Surabaya (ANTARA News) - A giant Container Crane (CC) worth 5.5 million US dollars ordered by PT Terminal Petikemas Surabaya (TPS) from Argentine, has left Batam Port for Surabaya`s Tanjung Perak port."The giant CC left Batam yesterday (Feb 27), and scheduled to arrive in Tanjung Perak on March 8,"...
Fri, 29 Feb 2008
Manpower authorities to send 500 RI workers to Australia
Brisbane (ANTARA News) - Indonesian manpower authorities plan to send up to 500 skilled and semi-skilled workers to Australia this year to be employed in the construction, mining, nursing, education and fruit plantation sectors, an Indonesian consulate official said.
Thu, 28 Feb 2008
Eighty pct of foreign tourists coming to RI `repeat` visitors
I want my medal for tourist visits to Indo that I was promised, and KuKu, did you get my KITAS application for the post of Father Christmas sorted out or is it still at DEPNAKER?
Thu, 28 Feb 2008
Eighty pct of foreign tourists coming to RI `repeat` visitors
Blokes and blokesses doing visa runs more like."Indonesia earned US$5.3 billion in foreign exchange from the 5.5 million foreign tourists, the highest figure reached in the past 10 years."It would be interesting to know how much they have actually lost. The figures have been static for a decade.
Thu, 28 Feb 2008
Eighty pct of foreign tourists coming to RI `repeat` visitors
Jakarta (ANTARA News) - The culture and tourism ministry estimates that around 80 percent or 4.4 million of the 5.51 million foreign tourists who came to Indonesia in 2007 were 'repeat' visitors.Based on these data it was concluded that most of the tourists coming to Indonesia were "loyal" ones or...