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Wed, 28 Jan 2009
Tranzeo and TRG Advance Indonesian WiMAX Joint Development
First phase of deal valued at US$10 million for Tranzeo and coincides with Indonesia's release of new spectrum for wireless broadbandPITT MEADOWS, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2009) - Tranzeo Wireless Technologies Inc.
Wed, 28 Jan 2009
CPO export tax set at zero percent
Jakarta (ANTARA News) - Crude palm oil (CPO) exports for February 2009 shipments will be subjected to zero percent export taxes because The CPO reference price is still less than US$750 per ton, a senior trade official said.
Wed, 28 Jan 2009
Government Dangles 63% Price Hike To Lure Fast-Track Energy Producers
The price paid to independent power producers for electricity is to be increased by up to 63 percent to encourage more investment in the sector, Jacobus Purwono, a senior official at the Energy and Mineral Resources Ministry, said on Tuesday.
Tue, 27 Jan 2009
ASEAN, India to ink FTA soon, boost trade by 30%
Alfian, THE JAKARTA POST, NEW DELHI After a string of protracted negotiations since 2003, ASEAN is to sign a free trade agreement (FTA) with India during its next month’s summit.With a combined market of 1.
Tue, 27 Jan 2009
Fisheries sector to reel in better results
The Jakarta Post, JAKARTA Indonesia may this year be in for a 45 percent increase in fishery output, from a year earlier, on the back of a government revitalization program and rising demand, in particular from the domestic market.
Tue, 27 Jan 2009
New Indonesian Mineral and Coal Mining Law
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2009) - East Asia Minerals Corporation (TSX VENTURE:EAS) believes that the changes proposed under the New Indonesian Mineral and Coal Mining Law ("New Mining Law") are largely positive for the Company and considers that the New Mining...
Tue, 27 Jan 2009
Options diminish for Indonesia’s job seekers
When the Jakarta Post, Indonesia’s leading English-language newspaper, recruited trainees in 2007, 10 people were offered jobs. But, says Endy Bayuni, the chief editor, the best five turned their offers down, having secured better packages elsewhere.
Tue, 27 Jan 2009
Indonesia reviews drug regulations
Indonesia is to review protectionist regulation that forces foreign pharmaceutical companies to establish manufacturing facilities if they want to distribute and sell drugs in the country.Some foreign diplomats believe proposals to judge companies on a case-by-case basis could violate World Trade...
Tue, 27 Jan 2009
Log Export expected to raise timber price
Jakarta (ANTARA News) - The Forestry Ministry's plan to open exports of logs produced from timber estates (HTI) would help HTI businesses strengthen their bargaining power in facing domestic pulp and paper industries at home, an executive said.
Sun, 25 Jan 2009
Indonesia to expedite power plant development to meet demand
Padang (ANTARA News) - Indonesia will speed up development of new power plants to overcome shortage of electricity supply in the country.Vice President Jusuf Kalla said here on Saturday the government had already started to build new plants with a total capacity of up to 10,000 megawatt (MW) as of...
Sat, 24 Jan 2009
Bali to finish construction of special tourist port in 2009
Denpasar, Bali (ANTARA News) - The Indonesian tourist resort island of Bali expects to finish the construction of a special tourist port worth Rp92 billion in Tanah Ampo, Karangasem district, this year, Karangasem district head Wayan Geredeg said.
Sat, 24 Jan 2009
Indonesia Musim Mas gets green palm oil certificate
Indonesia Musim Mas gets green palm oil certificateJAKARTA, Jan 21 (Reuters) - Indonesia's PT Musim Mas has been certified as the country's first firm to have adopted stricter sustainability standards in producing palm oil, Agriculture Minister Anton Apriyantono said on Wednesday.
Sat, 24 Jan 2009
Indonesia state geologists may do mineral surveys
BANDUNG, Indonesia, Jan 24 (Reuters) - Indonesia is considering allowing state geologists to perform initial mineral surveys in order to hasten the process of tendering mining areas and attracting investment, a senior mining official said.
Sat, 24 Jan 2009
Biofuel Industry Seeks Changes to Pertamina Pricing
my understanding from local media is that stations are allowed to sell at the old price until their old stock runs out. perhaps your station stocked up for a few months/years in advance?
Fri, 23 Jan 2009
Biofuel Industry Seeks Changes to Pertamina Pricing
On the subject of Pertamina I was at a garage two days ago that were still charging Rp5000/L.I thought they were all supposed to be the same. (Rp4,500)
Fri, 23 Jan 2009
Jeddah, Jakarta sign trade deal
JEDDAH: The Jeddah Chamber of Commerce and Industry and its counterpart in Jakarta have decided to establish networking for mutual benefits of businessmen in the two cities. This follows a memorandum of understanding (MoU) signed by JCCI Vice Chairman Mazen Batterjee and Eddy Kuntadi, chairman of...
Fri, 23 Jan 2009
Property Analysis: How low can we go?
Anton Sitorus, Researcher To help keep the engine of the economy rolling, the central bank cut the benchmark interest rate (BI Rate) down to 8.75 percent earlier this month. The move received a warm welcome from industry players including property companies with hopes that the cut would help...
Fri, 23 Jan 2009
Plastics makers may post zero exports: Association
Mustaqim Adamrah, The Jakarta Post, JakartaThe country's plastics industry may post almost zero exports this year as the global economic downturn weakens demand for plastics, says the Indonesian Plastic and Olefin Association (INAplas).
Fri, 23 Jan 2009
Biofuel Industry Seeks Changes to Pertamina Pricing
Biodiesel producers are urging the government to come up with a new pricing arrangement for purchases of their output by state energy firm PT Pertamina, saying they are no longer able to bear the losses brought on by the recent steep drop in the fuel’s price.
Thu, 22 Jan 2009
Samarinda to Stop Issuing Mining Permits
TEMPO Interactive, Samarinda: The Samarinda Municipal Government, East Kalimantan, will not issue permits for coal mining this year.The regional secretary of the Samarinda Municipal Government, Fadly Illa, said that government will re-evaluate the 44 already issued permits.
Thu, 22 Jan 2009
Energy Consultant Urges Investment In Nonfood Crop
The expansion of plantations supplying the raw materials for biofuels should not come at the expense of food production, an international conference on biofuel was told on Thursday.Connie Lo, a senior consultant at Nexant Asia, said that the use of nonfood feedstocks for biofuel production would...
Thu, 22 Jan 2009
Exporters to Be Hindered by Financing Delays
Indonesia will be unlikely to boost or even maintain its exports of footwear, textiles and ceramics this year as a result of a wave of investment postponements and difficulties in securing financing for buying new equipment, industry associations say.
Thu, 22 Jan 2009
Foreign Diplomats Bash Import Regulations
The government on Wednesday denied allegations that it is imposing non-tariff trade barriers by restricting imports of major goods to five ports and requiring translations of imported food labels.Trade Minister Mari Pangestu said Indonesia’s regulations were “consistent” with World Trade...
Thu, 22 Jan 2009
The cost of the biofuel boom on Indonesia's forests The clearing of Indonesia's rainforest for palm oil planta
The clearing of Indonesia's rainforest for palm oil plantations is having profound effects – threatening endangered species, upending the lives of indigenous people, and releasing massive amounts of carbon dioxide, writes Tom Knudson from Yale Environment 360, part of the Guardian Environment...
Thu, 22 Jan 2009
Mine investment in Indonesia to drop below $1b
JAKARTA (Reuters) - Mining investment in Indonesia may drop below $1 billion this year and there may be no fresh projects as metal prices fall and miners await details from a new mining bill, a senior industry official said on Wednesday.Mining investment rose to $1.6 billion in 2008, up from $1.
Wed, 21 Jan 2009
Lotte Group to invest Rp 9 trillion in Indonesia
“There will be no layoffs of Makro workers,” Lotte Shopping operational director Jusuf Halim said.Well that's a lie ... they have been laying people off for a good few months and the employees know the axe is hovering above their heads.
Wed, 21 Jan 2009
Asean Planning Legal Advisory Body To Resolve Trade Relations Disputes
The Association of Southeast Asian Nations, or Asean, is planning to set up a legal advisory institution to oversee the increasing number of disputes in bilateral trade relations among its 10 members and other nonmember countries.
Wed, 21 Jan 2009
BPMigas may build petrochemical facility
Ika Krismantari, The Jakarta Post, JakartaWell worth it!: An exhibition participant walks past a booth in a gas industry exhibition at Indogas 2009 at the Jakarta Convention Center, on Tuesday. Local and international gas companies fl ock to the event to tap growing business opportunities in the...
Wed, 21 Jan 2009
Lotte Group to invest Rp 9 trillion in Indonesia
Lotte Group, a South Korean retail giant, will invest Rp 9 trillion (around US$870 million) in the next four years, aiming to become the leader in the country’s lucrative retail market.Through a subsidiary PT Lotte Shopping Indonesia - which took over hypermarket chain PT Makro Indonesia last...
Wed, 21 Jan 2009
ASEAN to ink FTA with OZ, and NZ soon, to boost trade
The Association of Southeast Asian Nations (ASEAN) will ink a free trade deal with Australia and New Zealand next monthThe deal will allow a freer flow of goods between the ASEAN region and both countries, with a combined market of more than 600 million people.
Wed, 21 Jan 2009
Government Expected to Open Up Coastal Areas to Industries
Implementing regulations for a 2007 law opening more coastal areas across Indonesia to maritime industries, like pearl farming and seaweed cultivation, are expected to be issued during the first half of the year, a senior maritime affairs and fisheries official said on Tuesday.
Wed, 21 Jan 2009
Survey shows small businesses are optimistic
The Jakarta Post , Jakarta According to a survey by HSBC, the small and medium-sized businesses (UKM) in Indonesia are quite optimistic about the current economic situation in Indonesia this year.Up to 13 percent of UKM is planning to increase their workforce, some by more than 20 percentOn the...
Wed, 21 Jan 2009
PKS calls on govt to curtail sale of alcoholic drinks in FTZ
Tanjungpinang, (ANTARA News) - The Prosperous Justice Party (PKS) called on the government of Riau islands province to curtail the sale of alcoholic drinks in the free trade zones (FTZ) of Batam, Bintan and Karimun.
Tue, 20 Jan 2009
PINTAR - Supporting Indonesia's Move to Get Smart on Tax Reforms
* World Bank Approves $110 Million New Financing to Help Boost Tax Revenues * Project for Indonesian Tax Administration Reform (PINTAR)The World Bank is set to support Indonesia in its ongoing effort to improve its tax administration system through the Project for Indonesian Tax Administration...
Tue, 20 Jan 2009
Condos Canceled As Demand Dries Up
Indonesia is facing a gloomy outlook in its condominium business as some property companies defer their apartment projects and return their customers’ money as demand slows, a property analyst said on Monday.
Tue, 20 Jan 2009
EU Palm Oil Demand Hit
The European Union’s increasing demand for crude palm oil, or CPO, is evidence of its inconsistent stance on climate change, an environmentalist said on Monday.“[The developed world] has criticized Indonesia for destroying its forests, but its increasing demand for Indonesian CPO sends a...
Tue, 20 Jan 2009
Bakery association says adoption of VAT may kill businesses
The Indonesian Bakery Association (APEBI) demanded Friday the government scrap 10 percent value-added tax (VAT) on imported wheat to help revive the country's bakery and pastry businesses as global economic slump undermined people's purchasing power.
Tue, 20 Jan 2009
SBY kicks off Batam free trade zone
President Susilo Bambang Yudhoyono has officially launched the much-delayed free trade zone for Batam, Bintan and Karimun in Riau Islands.The launching, ending five years of legal uncertainty for businesses, was marked Monday with the issue of government regulations on customs, tax and duties for...
Tue, 20 Jan 2009
Indonesia to Host World Islamic Economic Forum
TEMPO Interactive, Jakarta:Indonesia will host the fifth World Islamic Economic Forum (WIEF) in March 2 - 3, 2009. The forum will be held at the Ritz-Carlton Pacific Place Hotel in Jakarta.The two-day conference will be attended by world leaders and multinational company CEOs.
Tue, 20 Jan 2009
Indonesia delays forest-carbon rules
SINGAPORE (Reuters) - Indonesia has delayed releasing complete regulations on using carbon credits to protect rainforests, preferring to fine-tune rules that could earn the country billions of dollars and curb the pace of climate change.
Tue, 20 Jan 2009
World Bank gives loan to RI to improve tax systems
The Jakarta Post, JakartaThe World Bank, one of the country's major donors, has approved a US$110 million loan to the Indonesian government to help it improve taxation systems.The soft loan was approved and announced from Washington last week, a media statement said.
Mon, 19 Jan 2009
President Declares War on Mark-Ups
TEMPO Interactive, Jakarta:President Susilo Bambang Yudhoyono stated that the culture of marking up the cost of goods and service procurement is the source of corruption and collusion that we must fight against.
Sat, 17 Jan 2009
Indonesia Sets Ambitious $5bn Investment Target Ahead of Islamic Economic Forum
Indonesia may sign business investment deals worth up to $5 billion during the 5th annual World Islamic Economic Forum scheduled on March 2 and 3 in Jakarta.Tanri Abeng, WIEF co-chairman, said on Friday that the event could produce a host of joint-venture and shareholder agreements between Arab...
Sat, 17 Jan 2009
The new mining law and the environment
With the enactment of the new Mining Law, we may now face the dilemma of Ulysses when he navigated his ship: To sail toward the Scylla cliff to avoid the Charybdis whirlpool.The new Mining Law seems to have better and clearer rules on the permitting of mines and on the financial responsibilities of...
Sat, 17 Jan 2009
Malaysian tourists to Bali in 2008 reach over 113,000
Denpasar (ANTARA News) - The number of Malaysian tourists visiting the Indonesian tourist resort island of Bali in the January - November 2008 period was recorded at 113,409, a statistics agency official said."The number of tourists coming from the neighboring country increased by 20,546 or 22.
Fri, 16 Jan 2009
Govt to take over workers tax liabilities to help firms
As the global economic crisis deepens, the government plans to take over tax liabilities normally paid by companies, to help maintain jobs.Acting Coordinating Minister for the Economy Sri Mulyani Indrawati said Thursday there was a plan to waive workers’ income tax liabilities which were...
Fri, 16 Jan 2009
Contractors Complain Regional Taxation Is Penalizing Industry During Lean Times
Originally Posted By: biznewsContractors Complain Regional Taxation Is Penalizing Industry During Lean Times“Of course all regulations issued by local governments are legal, but are they appropriate?” Freddy said.
Fri, 16 Jan 2009
Furniture Makers Struggling To Access Financing
Small and medium-sized furniture and handicraft businesses are calling on the government to help increase their access to cheap credit and guarantee them a supply of timber, which has fluctuated over the past few years.
Fri, 16 Jan 2009
Contractors Complain Regional Taxation Is Penalizing Industry During Lean Times
PT Swa Kelola Sukses, a Jakarta-based earthworks and heavy equipment rental company operating in Central Kalimantan Province, is one of hundreds of coal mining contractors that have been badly affected by the taxes imposed by local governments, especially those relating to heavy equipment.
Fri, 16 Jan 2009
Sanyo upbeat on Indonesia's market
Indonesian subsidiaries of Japan's leading electronics maker Sanyo Electric Co. Ltd. remains upbeat about local demand despite forecast lower growth.Sanyo, which is about to be purchased by rival Panasonic Corp., for US$10.