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Tue, 10 Feb 2009
Indonesia Wants Fair International Trade: VP
The Hague (ANTARA News) - Vice President Jusuf Kalla said Indonesia wanted that international trade would not be a mere free trade but also a fair one."Indonesia wants not only a free trade in the world but also a fair one because otherwise it would lead to protectionism where all countries...
Tue, 10 Feb 2009
Japanese tourists top list of tourist arrivals to Bali
Denpasar, Bali (ANTARA News) - A total of 359,827 Japanese tourists visited Bali in 2008, accounting for 18.06 percent of the total number of foreign tourists coming to the resort island that year.The number of Japanese tourists visiting Bali last year represented a 2.
Tue, 10 Feb 2009
President calls for speedy completion of new power plants
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono called on state-owned electricity company PLN to speed up the construction of new power plants to reduce the number of regions facing electricity shortages and to overcome outages.
Tue, 10 Feb 2009
Ports Wallow In Dry Dock as Exporters Suffer
The country’s notoriously inefficient and corrupt ports, and their grossly inadequate infrastructure, are further exacerbating the problems of exporters struggling to cope with the effects of the economic crisis, the head of the country’s association of exporters said.
Tue, 10 Feb 2009
Kadin Says US Stimulus Plan Will Have Minor Impact on Indonesian Exports
The proposed US government stimulus package, which includes some measures that may limit trade, is not expected to have a major impact on Indonesian exports, Sofyan Wanandi, deputy advisory chairman of the Indonesian Chamber of Commerce and Industry, or Kadin, said on Monday.
Tue, 10 Feb 2009
SMBs set to dominate Indonesia Growing
SMBs set to dominate IndonesiaGrowing number of private enterprises and SMBs due to the collaboration of financial institution, governmentDUBLIN, IRELAND: Research and Markets has announced the addition of the "IT Market in Indonesia" report to their offering.
Tue, 10 Feb 2009
House Rejects Demand to Raise Biofuel Subsidies
The House of Representatives on Monday rejected a government proposal to raise subsidies for the development of biofuels from an initial plan of Rp 774.47 billion ($66.6 million) to Rp 831.42 billion, arguing that it was irrational.
Mon, 09 Feb 2009
The existence of the informal sector is often forgotten
Didit Eko Setiawan , Jakarta According to the Central Statistics Agency (BPS), the unemployment rate decreased in February 2008 compared to that in February 2007. How could that be possible? The reason is the number of unemployed absorbed by that tough and self-reliant sector - the informal sector.
Mon, 09 Feb 2009
Veep: Shell ready to move to Indonesia
Even with the 10:1 ratio you stated I cannot see almost 1 million jobs being created within Indonesia
Mon, 09 Feb 2009
Veep: Shell ready to move to Indonesia
Originally Posted By: DilliShell only have 108,000 employee's worldwide! perhaps. but how many wholly- or partially-dependent contractors do they employ?
Mon, 09 Feb 2009
Veep: Shell ready to move to Indonesia
the indonesian investment coordinating board, BKPM, here represented by Lufti, is filled with failed lawyers who have never worked in the private sector and who cannot do the simplest of maths.nonetheless, the 930,000 he was referring to was possibly a "multiplier effect" figure.
Mon, 09 Feb 2009
Veep: Shell ready to move to Indonesia
I think they made it up .. either that or they are estimating the number of knock on jobs it will create. I mean think of all the Bakso boys, Ojeks, bar girls etc etc that will be needed
Mon, 09 Feb 2009
Veep: Shell ready to move to Indonesia
The Hague (ANTARA News) - Vice President Jusuf Kalla said here on Sunday that Shell Royal Dutch oil company had expressed its readiness to move its oil processing operations to Indonesia."In a meeting over dinner Shell has expressed its readiness for it," he said after visiting the port...
Mon, 09 Feb 2009
Veep calls for speedy development of Tanjungpriok port
Rotterdam (ANTARA News) - Vice President Jusuf Kalla has called for a speedy completion of the development of Tanjungpriok port in Jakarta into an international export-import center and a national transit port.
Sun, 08 Feb 2009
Bali makes $553.8 million in non-oil and gas exports
Andra Wisnu, The Jakarta Post, Denpasar The global financial crisis has not hampered much Bali's non oil and gas exports from growing.Last year the island recorded US$553.8 million (Rp 6.44 trillion) from such exports, up by 9.87 percent from $504.
Sat, 07 Feb 2009
Liquidity clog may ease in 6 months: BI
Bank Indonesia Governor Boediono sees a relief in the global liquidity squeeze within the next six months as terrified investors will eventually resurface after seeking shelter in safe-haven instruments.
Sat, 07 Feb 2009
CPO Ends Week Higher Amid Soybean Concerns
Kuala Lumpur. Palm oil futures completed their first weekly gain in a month on speculation production may be slowing just as drought curbs the supply outlook for rival soybean oil from South America.Palm oil in Kuala Lumpur advanced 5.
Sat, 07 Feb 2009
House Wants Boost in Infrastructure Spending to Ward Off Economic Crisis
The government is considering a boost in infrastructure spending in this year’s fiscal stimulus package, after a House of Representatives’ commission requested it be increased on Thursday. The boost would help the domestic economy mitigate the local impact of the global economic crisis, a...
Sat, 07 Feb 2009
Ritz-Carlton postpones US$65 mln hotel project in Indonesia
Jakarta (ANTARA News/Asia Pulse) - The Ritz-Carlton Hotel Company and the Sahid Group have decided to shelve a resort and hotel project on Bintan island south of Singapore due to the global financial crisis.
Fri, 06 Feb 2009
A Bio-fuel Plant to be Built in Surakarta
TEMPO Interactive, Surakarta:The Technical Faculty of March Eleventh University (UNS) in Surakarta, collaborating with the Research and Technology's Science, Research and Technology Development Agency, will build a bio-fuel (BBN) processing plant in the region.
Fri, 06 Feb 2009
Palm Oil Poised to Gain On Talk of Slower Output
Palm oil futures headed for the first weekly gain in a month on speculation production may be slowing even as demand is sustained during the global recession.The price may be “well supported” at about 1,800 ringgit ($498) a ton on signs of lower output, Penny Yaw, an analyst at Citigroup Inc.
Fri, 06 Feb 2009
New Tax Law Will Mean More Disputes: Lawyers
The Finance Ministry’s tax directorate may face a soaring number of tax disputes in 2009 as the number of taxpayers grows rapidly from the last financial year and a new tax law is imposed, the Tax Lawyers Association warned on Thursday.
Fri, 06 Feb 2009
Biofuel euphoria ends in vain
In a two-day seminar that kicked off on Wednesday, experts voiced concern over the government’s failure in turning the “euphoria” of the potential of biofuel development into concrete and fruitful action.
Thu, 05 Feb 2009
Biofuel euphoria ends in vain
Rendi A. Witular, The Jakarta Post, JAKARTALending Hands: Chief executive officer of Cooperation for Development Europe (CDE) Terry Lacey (left) greets Bandung Institute of Technology researcher Tatang H.
Thu, 05 Feb 2009
RI biofuel development: An Asian dilemma
Terry Lacey , Jakarta Since 2005 the Indonesian Government has pursued a road map to promote biofuels. This stressed biodiesel rather than bioethanol, for power generation rather than vehicles.Long term Asian prospects for biofuel may depend more on biofuels for vehicles rather than power, and on...
Wed, 04 Feb 2009
Free Trade Deal May Sour Dairy Sector
The Asean-Australia-New Zealand Free Trade Agreement, to be signed this month, is unlikely to help the local dairy industry meet its long-standing goal to meet domestic demand, a senior Ministry of Industry official said.
Wed, 04 Feb 2009
Makassar Journalists Reject Criminilization of the Press
TEMPO Interactive, Makassar:Around 30 journalists from the Makassar Journalists Coalition yesterday held a silent protest in front of the Stella Maris Hospital at Penghibur Street, in Makassar, South Sulawesi.
Wed, 04 Feb 2009
Minister says protectionistic tendencies may be harmful
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati reminded here on Tuesday that protectionism trend amidst the current global financial crisis may cause financial loss to the national as well as to the global economy.
Fri, 30 Jan 2009
Incentives plan for CBM
The government is mulling fiscal incentives to attract investment in coal-bed methane (CBM) projects, Finance Minister Sri Mulyani Indrawati said Wednesday, Dow Jones reported.Chris Phillips, president and chief executive at Vico Indonesia, said that tax incentives would help boost investment to...
Fri, 30 Jan 2009
Govt. to reevaluate incentives for oil and gas sector
The government said it would reevaluate incentives in the oil and gas sector taking into account the contribution of the sector to the country's economy, Asia Pulse reported.Coordinating Minister for Economy Sri Mulyani Indrawati said incentives have been provided for investment in the oil and gas...
Fri, 30 Jan 2009
Minister calls for eco-friendly palm oil plantations
Agriculture minister Anton Apriyantono has called for continued development of eco-friendly and sustainable palm oil plantations in view of the good prospects of the palm oil market, Antara reported. "Palm oil plantations are proven to have played a significant role in the national economy...
Fri, 30 Jan 2009
Lotte Shopping to open 26 new Indonesia stores
Lotte Shopping Co. plans to invest up to Rp9 trillion ($804 million) to open 26 new outlets in Indonesia up until 2013, a company official said Tuesday, Dow Jones reported.PT Lotte Shopping Indonesia president director Moon Young-pyo told reporters the new stores will boost its total outlets in...
Fri, 30 Jan 2009
Indonesia FDI surges by 43.8% in 2008
Indonesia's foreign direct investment in 2008 rose sharply by 43.8% to $14.87 billion from 2007, according to data from the Investment Coordinating Board (BKPM), Xinhua reported.Most of the investment was in the sectors of transportation and communication, it said.
Fri, 30 Jan 2009
No more extension for tax amnesty, Mulyani says
Aditya Suharmoko, The Jakarta Post, Jakarta Despite the success of the government’s tax amnesty for administrative violators, dubbed as the Sunset Policy, there will be no extension beyond the Feb. 28 deadline.
Fri, 30 Jan 2009
Indonesian NGO backs villagers in fight against palm oil
Deep in the forests of Indonesian Borneo, a small environmental group is using education and common sense to arm villagers against the devastating onslaught of palm plantations.Yayasan Orangutan Indonesia (Yayorin) was founded in 1991 with the goal of saving Indonesia's endangered orangutans and...
Fri, 30 Jan 2009
Sunset Policy for NPWP Netted Rp 5.56tr in Taxes
Minister of Finance Sri Mulyani Indrawati said on Thursday the so-called “Sunset Policy” contributed Rp 5.56 trillion ($489.28 million) in additional tax revenue last year, equal to 15.2 percent of last year’s total tax surplus.
Fri, 30 Jan 2009
Additional Subsidies for Biofuels Win Preliminary Approval
byMita Valina LiemA proposal to allocate an additional Rp 774 billion ($68.11 million) in subsidies for biofuel producers came a step closer to passage as a legislative committee signaled endorsement of the idea - in principle - on Thursday.
Thu, 29 Jan 2009
CPO producers see `good' prices
CPO producers see `good' pricesThe Jakarta Post , Jakarta Producers of crude palm oil (CPO) expect prices to reach as high as US$600 per ton this year, betting on higher domestic sales which would help avoid oversupply in global markets, thus stabilizing the prices.
Thu, 29 Jan 2009
Indonesia to host int'l palm oil conference
JAKARTA, Jan. 28 (Xinhua) -- Indonesia, the world's largest palm oil producer, is to hold international palm oil conference here on May 27 to 29, the committee of the conference said on Wednesday. Over 1,000 producers, the government officials in charge on palmoil industry and others stakeholders...
Thu, 29 Jan 2009
CPO Industry Expects Stricter EU Import Rules
Having already been stung by plunging international prices and decreased demand, Indonesia’s crude palm oil producers are bracing for a possible ban on their products by the European Union, which is expected to issue two environmentally-friendly regulations in a bid to encourage sustainable palm...
Thu, 29 Jan 2009
Foreign Investment Expected to Decline
Indonesia is likely to have a tough time sustaining foreign investment growth this year due to tight liquidity and fierce international competition amid the economic slump, a report from the country’s investment promotion agency says.
Thu, 29 Jan 2009
Businesses Slam Government Flip-Flops Over Stimulus
Businesses Slam Government Flip-Flops Over Stimulusby Muhamad Al Azhari & Dion BisaraThe Indonesian Employers Association, or Apindo, is questioning the government’s seriousness about giving a “fiscal stimulus” package to the private sector after it proposed to legislators on Tuesday that...
Thu, 29 Jan 2009
Cut in tax rate to benefit banks most
Harry Su, EconomistStarting in 2009, the government and the parliament have agreed to lower Indonesia's personal income tax upper-bracket from 35 percent to 30 percent This is being implemented to create a more competitive tax rate compared to regional peers.
Thu, 29 Jan 2009
Investment prioritized on infrastructure, energy, food
Aditya Suharmoko, The Jakarta Post, Jakarta With investment this year forecast to slump, the investment body will focus on investors prioritizing infrastructure, energy and food.Investment Coordinating Board (BKPM) chairman M.
Thu, 29 Jan 2009
REDD rules delayed in Indonesia
Indonesia has delayed the finalisation of new rules to underpin a new carbon-credit market around avoided deforestation, a further sign of the complexities around this much-heralded new market mechanism.
Thu, 29 Jan 2009
Government Rejects Foreign Investment in Food Production
TEMPO Interactive, Bandung:The government has rejected an offer from a Middle Eastern group to invest in West Java’s food sector because the province’s main agricultural product is the national rice stock.
Thu, 29 Jan 2009
Waiving taxes will not help job-intensive sectors: Kadin
Aditya Suharmoko , The Jakarta Post , Jakarta | Thu, 01/29/2009 7:26 AM | HeadlinesBusinesses have warned the government against giving firms in labor-intensive sectors a waive in employees’ taxes they normally bear, with details of the plan still sketchy.
Thu, 29 Jan 2009
RI`s CPO production in 2009 estimated at 20 million tons
Jakarta, (ANTARA News) - Indonesia`s crude palm oil production in 2009 is estimated to total 20 million tons, of which 4.5 million to 5 million tons will be consumed at home and the rest exported, a CPO businessman said.
Thu, 29 Jan 2009
CPO price up on incresing demand
Medan, N Sumatra (ANTARA News) - The price of crude palm oil (CPO) is predicted to continue its upward trend in response to increasing demand in the world market due to declining stocks, a CPO businessman said.
Wed, 28 Jan 2009
Oil and Gas Sector Will Still Grow in 2009
Wednesday, 28 January, 2009 | 14:08 WIBTEMPO Interactive, Jakarta:Coordinating Minister for the Economy Sri Mulyani Indrawati is optimistic that the oil and gas sector will continue to grow this year despite the crisis.