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Tue, 22 Jun 2010
Government Discuss Improvement Plans for Jakarta Seaport
TEMPO Interactive, Jakarta: Vice President Boediono held a meeting today with cabinet member, offcials to discuss plan to expand Jakarta's main seaport Tanjung Priok. The plan which sparked a deadly clash at the port in April due to the presence of a tomb of an islamic cleric inside the port...
Tue, 22 Jun 2010
Upgrade of Indonesia's credit rating to help lure investment
JAKARTA, June 22 (Xinhua) -- The rise of Indonesia's credit rating by Moody investor rating from stable to positive on Monday has smoothed the government efforts to attract more investment.Indonesian Central Bank Deputy Governor Hartadi Sarwono has said that the increasing grade rating provides...
Tue, 22 Jun 2010
Trade Minister: RI may take advantage of CAFTA
Jakarta (ANTARA News) - Minister of Trade Mari Elka Pangestu said Indonesia is currently in a very good condition to take advantage of the implementation of the ASEAN-China Free Trade Agreement (CAFTA)."We need to build power.
Tue, 22 Jun 2010
Saudi investment in Indonesia reaches $8 billion
Mamuju, W Sulawesi (ANTARA News) - The Saudi government has invested around US$8 billion in Indonesia since the two governments established cooperation 50 years ago, a spokesman said.The Saudi government invested US$2 billion in Indonesia in the early days of the cooperation, spokesman for the...
Tue, 22 Jun 2010
Govt wants five fully-developed economic zones by 2014
Jakarta (ANTARA News) - The government expects Indonesia to have at least five fully-developed special economic zones (KEK) by 2014, a minister said."Our priority is, up to 2014, there should be at least five (developed) special economic zones," Coordinating Minister for Economic Affairs...
Tue, 22 Jun 2010
If You Build It, They Will Come: The New Promise of Infrastructure PPPs
After more than a decade of neglect, money has finally started flowing into Indonesian infrastructure. Those who attended the Infrastructure Asia Conference in Jakarta from April 17-19 heard a confident government and met an investor community that has gotten the spring back in its step - not a...
Mon, 21 Jun 2010
Egypt opens market for Indonesian products
Jakarta (ANTARA News) - Egypt said it was committed to opening its market and chances for Indonesia`s small-and-medium enterprise (SME)`s products."I was invited by the Egyptian authorities and they expressed admiration at Indonesia, which can produce handicrafts from the source of a variety...
Mon, 21 Jun 2010
Nestle to relocate SE Asia factories to Indonesia: Paper
JAKARTA: Swiss-based Nestle, the world's biggest food group, is planning to relocate factories in Malaysia and the Philippines to Indonesia to be closer to raw materials, officials told a local newspaper on Monday.
Mon, 21 Jun 2010
Strong Demand, Rising Production Setting Scene for Coal Bonanza
As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, the industry is upbeat that it can continue to boost output. Indonesia is the world’s biggest exporter of thermal coal, used to generate electricity.
Mon, 21 Jun 2010
Malaysia Seeks Bloc To Control Rubber Prices
Kuala Lumpur. Malaysia on Friday proposed setting up a regional bloc with Indonesia and Thailand to control global rubber prices and keep production steady as the cost of the commodity rises.Hamzah Zainudin, deputy plantation and commodities minister, said the International Rubber Market, which...
Sat, 19 Jun 2010
Batam needs more skilled workers
Ahmad Dahlan, stupid mayor! why didn't he provide a free education and training program for the local instead of bringing outsiders.
Sat, 19 Jun 2010
Batam needs more skilled workers
Solo, C Java (ANTARA News) - A variety of companies in Batam are currently short of skilled workers, Batam Mayor Ahmad Dahlan said."This can be seen from the year 2009 when the needed skilled workers reach 5000 people, but only 3000 people were available," the Mayor said here on Friday.
Thu, 17 Jun 2010
Finance minister: first semester growth looking good
Jakarta (ANTARA News) - Finance Minister Agus Martowardojo said the national economy was showing steady growth in the first semester this year and this was reinforcing confidence the annual growth target of 6.1 to 6.4 percent will be achieved.
Thu, 17 Jun 2010
Australia to explore salt farming in NTT
Jakarta (ANTARA News) - PT Cheetam Salt Ltd of Australia is exploring the possibility of opening a salt farming on a 2,100 hectare-site in Nagekeo district, East Nusa Tenggara (NTT), the company`s of chief executive officer said.
Thu, 17 Jun 2010
Saudi Arabia ready to invest on rice development in Indonesia
Jakarta (ANTARA News) - The Saudi government has expressed its interest in investing in the rice development sector in Indonesia, a cabinet minister said.Minister of Agriculture Suswono said here on Thursday that in order to meet its domestic need, Saudi Arabia imported one million tons of rice per...
Thu, 17 Jun 2010
Saudi Arabia to purchase 180 thousand tons of cooking oil
Jakarta (ANTARA News) - Saudi Arabia has agreed to purchase 180 tons of cooking oil worth Rp1.17 trillion from Indonesia, a cabinet minister said.Agriculture Minister Suswono said here on Thursday that the agreement was reached in a business matching between businesses of both nations in Jeddah...
Thu, 17 Jun 2010
Indonesia's business chamber to pick new chief JAKARTA
i've been a member of KADIN for years. never once have i been allowed to vote. neither do i know anyone who has ever voted for the head of the chamber of commerce. i am also still trying to figure out the function of this association.
Thu, 17 Jun 2010
Indonesia's business chamber to pick new chief JAKARTA
JAKARTA June 17 (Reuters) - The Indonesian Chamber of Commerce and Industry (Kadin), a vocal lobbying group that represents some of Indonesia's most powerful tycoons, will hold a leadership ballot in August.
Thu, 17 Jun 2010
Arab Investors Missing Indonesia's Economic Boom, Bosowa CEO Says
June 17, 2010 (Gulf Intelligence): Indonesia, which is forecast to achieve 6 percent economic growth this year, offers Middle East investors access to the biggest Islamic market and possibly greater returns than are currently available in the Gulf region, the chairman of the south-east Asian...
Thu, 17 Jun 2010
Indonesia Draws Fresh Looks, But Old Problems Still Remain
Foreign manufacturers are increasingly looking at setting up shop in Indonesia after sharp wage increases and labor unrest in China and political instability in Thailand. However, Indonesia’s perennial bugbears - a lack of infrastructure, too much red tape and pervasive corruption - are putting...
Thu, 17 Jun 2010
House Accept Additional Budget Request From Investment Board
TEMPO Interactive, Jakarta: The House of Representatives accepted additional budget request from Investment Coordinating Board for next year, which will put the new proposed budget at Rp535.7 billion or Rp100 billion higher than the previous projection.
Thu, 17 Jun 2010
RI, EU to boost exports and investment in five sectors
Jakarta (ANTARA News) - Indonesia and the European Union will increase communication between their businessmen to boost exports and investment to and from the two parties in five priority sectors."We wish to identify opportunities available to increase exports and attract investment,"...
Thu, 17 Jun 2010
Fresh water fish production value rp2.6 trillion per year
Padang, West Sumatra (ANTARA News) - Indonesia`s fresh water fish production valued Rp2.6 trillion per year, with a production area of 0.32 pct compared to sea fishery.The value is not included fresh water ornamentally fish like arwana and botia, Profressor in Fisheries Faculty of Bung Hatta...
Thu, 17 Jun 2010
Trade Minister: Energy problems could hurt exports
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said assuring energy supplies such as gas and electricity was important with regard to maintaining the competitiveness of the country`s exports.
Wed, 16 Jun 2010
VP: bureaucratic reform not just rhetoric
Quoting: biznewsJakarta (ANTARA News) - Vice President Boediono has said bureaucratic reform was not just a rhetoric or discourse but was a serious thing that had to be done. Pak Wakil Presiden Republik Indonesia: it *is* just rhetoric until you *do* something about it.
Wed, 16 Jun 2010
VP: bureaucratic reform not just rhetoric
Jakarta (ANTARA News) - Vice President Boediono has said bureaucratic reform was not just a rhetoric or discourse but was a serious thing that had to be done."The bureaucratic reform made by the government is not just a discourse or empty words," Vice President Boediono said in his...
Wed, 16 Jun 2010
More products to be exempt from luxury tax
To further support the country’s electronics and information and communication technology (ICT) industry, the government plans to exempt more electronic products from the luxury tax as well as to restrict imports, Industry Minister M.S. Hidayat said Tuesday.
Wed, 16 Jun 2010
Opening the Door to Foreigners
like most information on PMAs on the web, it's at best only half true.Quote:The foreign investment may comprise both debt and equity, but the BKPM (Badan Koordinasi Penanaman Modal under the Ministry of Investment in Jakarta) has a rule of thumb that the ratio of debt to equity should be no more...
Wed, 16 Jun 2010
Opening the Door to Foreigners
Ok, I found this PMA thingy, and I'm still confused with this dumb-dumb regulation. as you said earlier ku, you only can lease the property for about 25 yrs and then renew it? Using a PMA Company Although most foreigners have found the above arrangement to work satisfactory without any problems (as...
Wed, 16 Jun 2010
Opening the Door to Foreigners
Indonesia is one of the few countries that successfully escaped the pitfalls caused by the recent global financial crisis. As such, the country is increasingly gaining spotlight in the international stage as one of the new rising stars in Asia.
Wed, 16 Jun 2010
Tax Holiday Considered For Investors, but Bags Not Ready to Be Packed
The government is considering granting a “tax holiday” to some foreign and local investors, amounting to a temporary suspension of tax on certain forms of direct investment in a bid to reach the ambitious goal of attracting Rp 2,000 trillion ($218 billion) in investment per year over the next...
Tue, 15 Jun 2010
Starbucks to have 20 more outlets this year
Lifestyle product retailer and the owner of franchise rights of world’s famous food and beverage (F&B) chains PT Mitra Adiperkasa (MAP) will open 20 more Starbucks Coffee Company outlets this year to cope with the surging demand for better tasting coffee in the country.
Tue, 15 Jun 2010
Fiscal Incentive for New Enterprises Prepared
Hatta refused to say that the future incentive to be given is deemed tax holiday.VIVAnews - The Indonesian government has yet to approve tax holiday for newly-established enterprises. A special team is going in for the issue further.
Tue, 15 Jun 2010
Singapore Investors to build NTB Convention Centre
TEMPO Interactive, Mataram:The West Nusa Tenggara Government has chosen PT Indosinga Invetama as a partner to build an international standard meeting hall, The NTB Convention Centre.The investor from Singapore outbid several other candidates.The meeting hall is planned to have 74.
Tue, 15 Jun 2010
Govt to direct agricultural investment to downstream sector
Jakarta (ANTARA News) - The Agriculture Ministry and the Investment Coordinating Board (BKPM) have agreed to direct agricultural investment to the upstream sector or processing industry.Deputy Agriculture Minister Bayu Krisnamurthi said on Monday it was now very difficult to make large-scale...
Tue, 15 Jun 2010
Malaysian PM, N Sulawesi gov to discuss toll road investment
Kuala Lumpur (ANTARA News) - Malaysian Prime Minister Najib Tun Razak received North Sulawesi Governor Sarundajang at his parliamentary office Monday afternoon to discuss and support Malaysian investment in building the Manado - Bitung toll road, the Bitung port, tourism and fisheries.
Tue, 15 Jun 2010
Asian, Mideast countries to dominate investment in RI agriculture
Jakarta (ANTARA News) - Asian and Middle East countries are predicted to dominate investment in the agricultural sector in Indonesia in the future, Deputy Agriculture Minister Bayu Krisnamurthi said.The dominance of the US and European investors in the sector meanwhile is expected to decline, he...
Tue, 15 Jun 2010
Indian IT Firm Eyes Indonesian Market
Indian information technology services company HCL Technologies on Monday announced plans to set up a subsidiary company in Indonesia, saying it estimated the annual market in the country for its services was about $200 million.
Sun, 13 Jun 2010
Will Convenience Store Giant 7-Eleven Be Coming to a Jakarta Street Near You?
For a global symbol of convenience, the 7-Eleven brand takes some beating for its presence on seemingly every street corner or mall basement.Soon its orange, green and red storefronts will be as familiar in Indonesia as they have become in so many other Asian countries, if the local...
Sun, 13 Jun 2010
Indonesia sees rice crop up, seeks Gulf farm investment
* Looking to attract Gulf Arab investors to develop landJEDDAH, June 12 - Indonesia expects a 6 percent rise in its milled rice harvest this year, leading to a 2 million tonnes surplus, and aims to attract Gulf Arab investors to develop "sleeping land", Agriculture Minister Suswono said.
Sun, 13 Jun 2010
Reformasi in Trouble in Indonesia
Reformasi in Indonesia appears to be disappearing at a quickening pace. * Last week, the National Police said they won't investigate claims that companies owned by coal tycoon Aburizal Bakrie, the head of the Golkar Party, paid bribes to avoid taxes.
Sun, 13 Jun 2010
Bali's Blue Bird of Happiness Threatened with Extinction
From http://www.balidiscovery.com/messages/message.asp?Id=6083 Bali's Taxi War Turns ViolentBali Police Make Arrests as Some 20 Taxis of the Blue Bird Fleet Damaged in Rampage by PJWB Members.Bali police have taken a taxi driver, Made Budiartha, into custody for his participation in damaging 21...
Sat, 12 Jun 2010
Indonesia Records Highest PC Growth Worldwide
VIVAnews - The growth in computer distribution to Indonesia has increased in a considerable pace."Indonesia records the fastest growth in PC market worldwide in the 2010 fiscal year," said Microsoft Office Indonesia Group Head, Bonnie Mamanua, today.
Sat, 12 Jun 2010
Customs Regulations Obstruct Free Market
TEMPO Interactive, Jakarta:The Chairman of the Jakarta Branch of Indonesian Chamber of Commerce and Industry, Edy Kuntadi, said that some customs regulations obstruct free trade implementation.For example, import products letter of origins must be submitted at a maximum of three days after shipping.
Sat, 12 Jun 2010
Govt considering tax holiday to boost investment
Jakarta (ANTARA News) - The government is considering to give a tax holiday to lure investors, a minister said.Industry Minister MS Hidayat said here on Friday "I have talked with the finance minister and head of the Capital Investment Coordinating Board (BKPM) with regard to tax holiday.
Sat, 12 Jun 2010
World Bank provides PLN with us$750 million
Jakarta (ANTARA News) - The World Bank has approved a new investment of US$750 million for Indonesia to help increase the government`s and state power company PLN`s programs in the manpower and training sector, and regional administration investment programs.
Fri, 11 Jun 2010
IMF Puts Indonesian Growth at 6 Percent in 2010, 2011
The International Monetary Fund on Thursday forecast Indonesia’s economic growth will accelerate this year amid improving investment and said the central bank may need to adjust its monetary policy if price pressures rise.
Fri, 11 Jun 2010
Foreign Hospitals to Hold Foreign Currencies
TEMPO Interactive, Jakarta:The Coordinating Minister for the Economy, Hatta Rajasa, has said that the government’s plan to let foreign investors build hospitals in Indonesia is to prevent the foreign exchange of currencies abroad.
Fri, 11 Jun 2010
Kerinci district to build geothermal power plant
Jambi (ANTARA News) - The Kerinci district government plans to build a geothermal power plant with a capacity of 2x55 megawatts to meet rising power needs in Jambi province."Jambi province will need 275 MW of electrical power in the next five years, almost a two-fold increase from the current...
Fri, 11 Jun 2010
President: Creative economy brings in two advantages
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said that creative economy could bring in two advantages at the same time, namely pro-people economic growth and reinforcement of cultural identity which would enrich concrete national identity.