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Wed, 14 Feb 2007
Aceh needs investments to develop economy: councilor
Banda Aceh (ANTARA News) - Nanggroe Aceh Darussalam province is now in need of investments to develop its economy and to create prosperity for the local people, Chairman of the Aceh provincial legislative council (DPRD) Sayed Fuad Zakaria said here Tuesday.
Wed, 14 Feb 2007
Garuda, 3 Other Airlines to Get New Aircraft
note the lufthansa logo ...anyway, i really hope they clean it up a bit before sending it to indonesia.
Wed, 14 Feb 2007
Garuda, 3 Other Airlines to Get New Aircraft
When I read this i thought the A320 was the big new bird from airbus and decided to check it via google .. the first thing that came up was this pictureThats not a good sign!
Wed, 14 Feb 2007
World Bank urges Indonesia to spend 'windfall' on reducing poverty
Jakarta (ANTARA News) - Indonesia now has enough money to pay for its development programs as prudent macroeconomic policies have resulted in a 15 bln usd windfall to spend on reducing poverty, the World Bank said.
Wed, 14 Feb 2007
Flood-stricken exporters want government help to avoid buyers' penalties
Export companies affected by the recent floods in Jakarta have asked the government for its help in shunning penalties foreign buyers are attempting to impose over export delays.They have also asked for support in convincing buyers not to shift their orders to other countries.
Wed, 14 Feb 2007
Govt. to Build 1,000 Low-Cost Apartment Towers
sounds like a great idea ... I hope it works
Wed, 14 Feb 2007
Decentralization Alters Indonesian Fiscal Foundations
TEMPO Interactive, Jakarta: The World Bank has said it considers that decentralization has changed Indonesia’s fiscal foundations.According to Wolfgang Fengler, a senior economist at the World Bank, public fund transfers in 1996 from the central to regional governments increased significantly to...
Wed, 14 Feb 2007
Govt. Considers Taxing Iron Ore Exports
The government is considering imposing taxes on iron ore exports to help stimulate the domestic steel industry, Bisnis Indonesia reported, citing an Industry Ministry official.“We're still studying the tax level to be imposed on iron ore exports.
Wed, 14 Feb 2007
Govt. to Hold Tender for Home Solar-Power Units
The government, pressing ahead with its program to electrify underdeveloped regions across the nation, will next month hold a tender for the procurement of 30,000 home solar-power units, The Jakarta Post reported on Tuesday (6/2/07).J.
Wed, 14 Feb 2007
Jakarta Lets Regions Issue Rupiah Debt
Quote: The central government is aiming to raise Rp40.61 trillion ($4.48 billion) in net bond issues this year after Rp35.9 trillion last year. Net bond issues are gross issues minus certain factors such as maturing debt and bond buybacks.Translation: The government is adding new debt of 4.48B USD.
Wed, 14 Feb 2007
RNI, Russian Investor to Modernize Power Plant
State-owned sugar producer PT Rajawali Nusantara Indonesia (RNI) will team up with Russian partner JC Prom Sviaz Automatika to modernize its bagasse-fuelled power plant in Indramayu, West Java, Asia Pulse reported on Monday (5/2/07).
Wed, 14 Feb 2007
Chinese Contractors to Dominate Projects
Chinese contractors are set to strengthen their domination of electric generating projects owned by state-owned electricity company PLN, Asia Pulse reported on Wednesday (7/2/07).After winning most of the coal-fired power generating projects with capacity of 300 and 600 MW in Java they are...
Wed, 14 Feb 2007
Banks Lend $11.44b in 2006
Banks disbursed Rp102.8 trillion ($11.44 billion) in new credits in 2006, bringing the total outstanding credit to Rp832.9 trillion, against Rp695.65 trillion in 2005, Antara reported on Wednesday (7/2/07).The credit expansion was below the target set for that year, although it rose 14.
Wed, 14 Feb 2007
Excelcomindo to Spend $700m This Year
Publicly listed cellular phone operator, PT Excelcomindo Pratama, said it will spend $700 million in capital expenditure this year, up from last year’s $500 million.Part of the funds will be used to build more base transceiver stations (BTS).
Wed, 14 Feb 2007
Garuda, 3 Other Airlines to Get New Aircraft
Indonesian flag-carrier, Garuda Indonesia, and privately owned airlines Lion Air, Mandala Airlines and Batavia Air will bring in new aircraft to strengthen their respective fleets.Director General for Air Transport M Iksan Tatang said Garuda will bring in a 737-800, Lion Air and Mandala Airlines a...
Wed, 14 Feb 2007
Govt. to Build 1,000 Low-Cost Apartment Towers
The government is set to speed up development of 1,000 low-cost apartment towers in 10 large cities across the country, Antara reported on Thursday (8/2/07).The project is to cope with acute housing problems in urban areas in the country, President Susilo Bambang Yudhoyono said.
Wed, 14 Feb 2007
Japan Invited to Build 10 Manufacturing Centers
Indonesia has invited Japan to construct 10 Manufacturing Industry Development Centers (MIDEC) within the framework of the Indonesia-Japan Economic Partnership Agreement (IJEPA)."We have asked Japan to develop MIDECs in Indonesia to compensate for an unbalanced partnership, considering that Japan...
Wed, 14 Feb 2007
Swiss to Increase Investment
Switzerland will increase its investments in Indonesia this year from $3 billion last year, visiting Swiss President Micheline Calmy-Rey said Thursday (8/2/07).The Swiss leader, who arrived in Jakarta on Wednesday (7/2/07) evening for a three-day visit, made the statement during a joint press...
Wed, 14 Feb 2007
Taxation, Investment Bills to be Passed Soon
The government and the House of Representatives have agreed to speed up their debate on the taxation and investment bills."I am convinced the two bills will be passed into law this year," House Speaker Agung Laksono said after a meeting with President Susilo Bambang Yudhoyono on Wednesday (7/2/07),...
Wed, 14 Feb 2007
Jakarta Lets Regions Issue Rupiah Debt
Indonesia has issued new rules allowing its regional governments to issue bonds but the debt has to be denominated in rupiah and sold in the domestic markets, Reuters reported on Monday (5/2/07)."Regional government bonds are regional debt that are offered to the public through a public offering in...
Wed, 14 Feb 2007
Rupiah to Rise 7% - HSBC
The rupiah will climb 7% by year-end as the central bank's reduction of interest rates to 9.25% attracts global equity funds, said HSBC Holdings Plc.Stock buying by overseas investors will outweigh sales by bondholders as lower yields reduce the appeal of fixed-income assets, said Richard Yetsenga,...
Sun, 11 Feb 2007
Indonesia, Switzerland agree to avoid double taxation
Originally posted by: nwgirlWouldn't have thought Indo gov is doing substantial business with the Swiss. The Cendana Clique is said to have up US$40 billion stashed away in Swiss banks, likely one of Switzerland's largest private account holders.
Sun, 11 Feb 2007
Indonesia, Switzerland agree to avoid double taxation
Originally posted by: KuKuKaChuIndonesia, Switzerland agree to avoid double taxationJakarta (ANTARA News)- Indonesia and Switzerland agreed here to avoid double taxation by signing an amendement of the document on protocol for avoiding double taxation.
Sat, 10 Feb 2007
Sumitomo clinches geothermal order in Indonesia
Tokyo (ANTARA News/Asia Pulse) - Sumitomo Corp. (TSE:8053) has received a 14 billion yen (US$116.2 million) order for geothermal power equipment made by Fuji Electric Systems Co. for a private operator in Indonesia.
Sat, 10 Feb 2007
Floods discourage investors, says economic analyst
Jakarta (ANTARA News) - Economic observer of the Econit Institute, Hendri Saparini, said the floods that had hit Jakarta over the past seven days have reduced investors` interest in operating in Indonesia.
Sat, 10 Feb 2007
Indonesia, Switzerland agree to avoid double taxation
Jakarta (ANTARA News)- Indonesia and Switzerland agreed here to avoid double taxation by signing an amendement of the document on protocol for avoiding double taxation."This agreement is an important step to increase economic relations between the two countries especially to create a more conducive...
Sat, 10 Feb 2007
Govt to revitalize two million hectares of land for plantations
Samarinda (ANTARA News) - The government has set a target in plantation by means of revitalizing two million hectares of land in 20 provinces of Indonesia for this sector as a way to increase production of such commodities as oil palm fruit, rubber and cocoa.
Sat, 10 Feb 2007
WB blacklists 40 Indonesian firms
Still , there was something good to come out of - they fucked over some Russian and Chinese.
Sat, 10 Feb 2007
WB blacklists 40 Indonesian firms
There should be an expense on the Balance Sheet (Neraca Laba?) called Bribery Expense (cost of doing business). Only fair.
Sat, 10 Feb 2007
Bakrie Telkom to invest Rp 2t on expansion
PT Bakrie Telecom Tbk (BTEL), a business unit of Bakrie Brothers, will allocate Rp 2 trillion (about US$222 million) in capital expenditure to finance the company's expansion this year."The money will be raised from financial institutions and internal sources," the company's president director,...
Fri, 09 Feb 2007
Manufacturing 'needs Rp 30.9t' in investment to create 1.5m jobs
Indonesia's manufacturing industry will need at least Rp 30.9 trillion (US$3.3 billion) in new investment to absorb 1.5 million workers in the coming three years."According to the Central Bureau of Statistics, the manufacturing industry will need total investment of Rp 8.6 trillion in 2007, Rp 10.
Fri, 09 Feb 2007
Indonesian-Malaysian team to bid for Jakarta toll road project
Jakarta (ANTARA News/Asia Pulse) - State-owned toll road building company PT Jasa Marga said it will team up with PT Astratel and Malaysia's Cahaya Mata Serawak Bhd in a tender for the construction of a toll road in Jakarta.
Fri, 09 Feb 2007
WB blacklists 40 Indonesian firms
The World Bank has banned 40 Indonesian firms and 29 individuals from participating in its projects for between 1 and 5 years due to their alleged involvement in fraud and corruption, the bank said in its latest report Wednesday.
Thu, 08 Feb 2007
Hungry? Order double as everything is getting smaller!
Quote"One who's lived long enough in Indonesia will notice that while the pictures of food products in adverts are gigantic, the actual products have shrunk in size to only a fraction of what they used to be several years ago.
Thu, 08 Feb 2007
Hungry? Order double as everything is getting smaller!
A number of statistical indicators appear to suggest that purchasing power is improving, but in Indonesia purchasing power can be a tricky thing to gauge. What does the anecdotal evidence say? Is household purchasing power really recovering?As interest rates decline and bank lending grows stronger,...
Thu, 08 Feb 2007
Govt to hold tender for home solar-power units
The government, pressing ahead with its program to electrify underdeveloped regions across the nation, will next month hold a tender for the procurement of 30,000 home solar-power units.One home solar unit can generate between 50 and 80 watts of electricity.J.
Thu, 08 Feb 2007
Hackers Attack Internet
WASHINGTON - Hackers briefly overwhelmed at least three of the 13 computers that help manage global computer traffic Tuesday (Wednesday in Jakarta) in one of the most significant attacks against the Internet since 2002.Experts said the unusually powerful attacks lasted as long as 12 hours.
Wed, 07 Feb 2007
Global Bill to Launch, Fitch and Moody’s Raise Rating
certainly the statistics are trending upwards across the board for the indonesian economy. of course, extrapolating future prospects for the economy from these figures is always problematic for a country like indonesia, where political stablity is tenuous and "natural" disasters endemic.
Wed, 07 Feb 2007
Indonesia's largest biodiesel plant to come on stream in May
Jakarta (ANTARA News/Asia Pulse) - PT Bukit Kapur Reksa, a subsidiary of Wilmar Energy, is building the country's largest biodiesel factory in the Pelintung Industrial Estate in Dumai, in Riau.The factory will need one million tons of crude palm oil (CPO) as raw material, an official of the Riau...
Wed, 07 Feb 2007
Floods may increase prices, dampen hopes of rate cut
The recent flooding in the capital and surrounding areas is taking a toll on the economy, arousing negative sentiment on the country's financial markets and likely to cause a spike in this month's inflation.
Wed, 07 Feb 2007
Global Bill to Launch, Fitch and Moody’s Raise Rating
Those stats look good (gdp growth, single digit inflation rate, rise in export), however, the bondrating of BB medium--high risk rating? anyone knows who buy these bonds? mostly foreigners, Japanese, Singaporean? Auction on these bonds or tightly distributed (only offered to select people--the...
Wed, 07 Feb 2007
Foreign Funds to Drive Coal Growth
The coal sector needs foreign investment to expand its operations and a boost could come if new licensing regulations and other measures are approved, according to the head of the country's coal association.
Wed, 07 Feb 2007
President Urges Banks to Cut Lending Rates
Banks should lower their lending rates in line with the reduction of the benchmark interest rate by the central bank to boost investment, President Susilo Bambang Yudhoyono said.“Investors and the business community consider that the interest rates in our country are still too high,” Dr.
Wed, 07 Feb 2007
RNI to Build Ethanol Factories
State-owned trading firm, PT Rajawali Nusantara Indonesia (RNI), said on Wednesday it is planning to build two ethanol factories with a total capacity of 200,000 liters a day to tap growing demand.The company will build one ethanol factory in Cirebon, Central Java and another in Malang, East Java,...
Wed, 07 Feb 2007
Telkom to Invest Rp27.81t in 2007
State telecommunications company PT Telkom said Tuesday (30/1/07) it plans to invest Rp27.81 trillion ($3.1 billion) this year to develop its telecommunication businesses and services.The company said in a statement that 2007 capital expenditure is 34% larger than last year's Rp20.
Wed, 07 Feb 2007
Company to Fund Smallholders' Forests
The government is forming a Forest Development Financing Company (BUPPH) that would finance the development of 5.4 million hectares of smallholders’ forests, using Rp9.7 trillion from the Reforestation Fund.
Wed, 07 Feb 2007
Telekom Malaysia Plans More Investments
Telekom Malaysia Bhd (TM) is planning more investments in Indonesia and India this year, The Daily Star reported on Monday (29/1/07).As part of its new international investment plan, TM has adopted a two-pronged strategy to study new commercial opportunities in Asia and strengthen positions in...
Wed, 07 Feb 2007
Chinese Investor Looks at Batam-Bintan Bridge
A Chinese investor has shown interest in financing the planned construction of a bridge connecting Batam and Bintan islands, at an estimated cost of Rp3 trillion ($315.78 million).Riau Islands Governor Ismeth Abdullah told The Jakarta Post that China Railways Corp had visited the provincial...
Wed, 07 Feb 2007
Honda May Boost Investment
Japan's No. 2 carmaker, Honda Motor Co, may boost investment in Indonesia. The world's second biggest carmaker by market value after Toyota Motor Corp, has so far invested $70 million in its Indonesian unit, but may spend more given the country's huge market potential, a senior executive for its...