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Wed, 06 Feb 2008
Survey shows gloomy SMEs employment growth in Indonesia
The Jakarta Post, JakartaDespite feeling optimistic about their businesses this year, about two-third small and medium-sized enterprises (SMEs) in the country will not add more employees, an HSBC sponsored survey says.
Wed, 06 Feb 2008
Govt cuts joint leave days
Responding to mounting concerns from the public, the government has decided to slash this year's annual collective leave for civil servants from eight to four days.State Minister for Administrative Reforms Taufik Effendi told a media gathering Tuesday that government employees would be given joint...
Wed, 06 Feb 2008
Forecasts blamed for economic weaknesses
In a review of the government's performance in 2007, the Indonesian Chamber of Commerce and Industry (Kadin) says that it is disappointed with the government's economic plans and their implementation.Kadin's economic research team head Faisal Basri said Tuesday that the government had failed to...
Wed, 06 Feb 2008
Indonesia Exports Cars to Japan
Tuesday, 05 February, 2008 | 16:38 WIBTEMPO Interactive, Jakarta: Indonesia will export Daihatsu cars to Japan starting February 14. Toyota Astra Motor Indonesia’s President Director, Johny Darmawan, said that the export target is not only Daihatsu, but also Toyota.
Wed, 06 Feb 2008
Soekarno-Hatta Airport Toll Road to be Elevated Soon
Tuesday, 05 February, 2008 | 15:26 WIBTEMPO Interactive, Jakarta: : PT Jasa Marga Tbk is planning to accelerate elevating and widening the Professor Sedyatmo toll road. The toll road which leads to Soekarno-Hatta Airport that was planned to be reconstructed in the middle of this year will be...
Wed, 06 Feb 2008
Yamaha to lift Indonesian capacity 40 pct via new motorbike plant
Tokyo (ANTARA News/Asia Pulse) - Japan's Yamaha Motor Co. (TSE:7272) plans to bring online a new motorcycle factory in Indonesia this year, seeking to raise capacity in that country by 40 per cent to 3 million to 3.2 million units a year in 2010, The Nikkei learned Monday.
Wed, 06 Feb 2008
Bali wins best exotic destination award from English magazine
London (ANTARA News) - The Island of Bali has received an appreciation as the Best Exotic Destination from the Luxury Travel Magazine handed by editor Alyson Cook to Indonesia, in this case the Indonesian Embassy`s Economic Counsellor Tumpal MH Hutagalung and First Secretary Mayuzar Adamy in London.
Tue, 05 Feb 2008
State firms to establish biodiesel plant in Medan
Novia D. Rulistia, The Jakarta Post, JakartaState-owned plantation firms have jointly set up a consortium for the construction of a biodiesel plant aimed at supporting the government program to develop alternative energy resources.
Tue, 05 Feb 2008
Firms prefer fresh grads as unemployment looms
While the country's unemployment rate remains high, there is a tendency among local companies to recruit fresh graduates over the longer-term unemployed who mainly prefer to open their own small businesses, the Central Statistic Agency (BPS) says."Every year, there are around 2.
Tue, 05 Feb 2008
Govt. to establish export financing agency
The government, in a bid to boost foreign trade, has proposed the establishment of an agency to provide financing, underwriting and insurance for exporters, Asia Pulse reported Monday (28/1/08). The agency, to be called the Indonesian Exports Financing Agency (LPEI), will replace Bank Ekspor...
Tue, 05 Feb 2008
Exports at record, inflation jumps
Indonesia's trade surplus surged to $4.06 billion in December from $2.27 billion the previous month on strong exports, but inflation jumped in January to its highest level for two years, the Central Statistics Agency said Friday (1/2/08). Exports rose to a record $10.86 billion from $9.
Tue, 05 Feb 2008
'Grand design' for regional map: Ministry
The government is finalizing a 'grand design' for Indonesia’s regional subdivisions that should be completed this year, Home Affairs Ministry spokesman Saut Situmorang said on Thursday (31/1/08). The grand design, said Situmorang, would determine the ideal number of provinces and regencies for...
Tue, 05 Feb 2008
Govt introduces new CPO export tax benchmarks
JAKARTA (JP): The government has issued a new progressive tax regulation on crude palm oil (CPO) and its derivative products, implementing three main benchmarks based on the Rotterdam commodity market prices on CPO.
Tue, 05 Feb 2008
Govt issues ruling on interconnection tariff reduction
Jakarta (ANTARA News) - The Indonesian government on Monday issued a regulation on the reduction of interconnection tariffs which is expected to lower retail telecommunication rates."Interconnection tariffs are one of the three price components in retail telecommunication rates.
Mon, 04 Feb 2008
Lack of incentives leaves local chocolate industry struggling
If you like dark chocolate which is considered a health food by some people, then the best deal in the country is not in the candy section of the supermarket but in the *cooking* section.There you can buy 2 brands of local, dark, unmixed cooking chocolate.
Mon, 04 Feb 2008
Rising China and the implications for SE Asia
China started to focus on economic and military modernization programs in the late 1970s. This modernization has elevated China's profile at both the regional and global levels.The rise of China can be seen since the launch of the Fourth Modernization program in 1978, and specifically in the late...
Mon, 04 Feb 2008
Lack of incentives leaves local chocolate industry struggling
the way indonesian chocolate tastes, i expect they would do very well making chocolate starfish.
Mon, 04 Feb 2008
Lack of incentives leaves local chocolate industry struggling
Novia D. Rulistia, The Jakarta Post, JakartaSilver Queen and Beng Beng are among the few locally produced chocolate bars that have gained any kind of following with Indonesians, while other local brands have ceased to exist or struggle simply to survive.
Mon, 04 Feb 2008
Trade deficit with China blows out
The trade deficit with China in the non-oil and gas sector skyrocketed by more than 3500 percent from US$35 million in 2006 to $1.28 billion last year, the Central Statistics Agency says.In its latest report, the agency also shows that China emerged as Indonesia's biggest import origin for non-oil...
Mon, 04 Feb 2008
RI`s exports up 19 pct to $113 B
Jakarta (ANTARA News) - Indonesia`s exports in 2007 grew by 13.09 percent to US$113.99 billion from a year earlier, the Central Bureau of Statistics (BPS) said Friday.Non-oil/non-gas exports grew by 15.51 percent to US$91.94 billion, outstripping the government-set export growth target of 14.
Mon, 04 Feb 2008
Stable to positive outlook for Indonesian coal producers in 2008 - Fitch
Mumbai (ANTARA News) - Fitch Ratings said it expects the outlook for Indonesian coal producers to remain stable to positive in 2008 on the back of strong global coal demand, the country's ability to increase export volume, and relatively high but stable price.
Mon, 04 Feb 2008
New formula to bring mobile phone bills down
The Jakarta Post, JakartaThe government is set to introduce a new tariff formula for the mobile phone industry that will reduce tariffs between operators by 10 to 30 percent, an official said."The interconnection tariff is expected to be announced on Monday, and implemented on April 1," Indonesian...
Sun, 03 Feb 2008
Export growth below target in 2007
JAKARTA (JP): The country's total exports grew by 13.09 percent in 2007, a figure which was below the government's target of 14.5 percent, said the latest report from the Central Statistics Agency (BPS).The BPS report issued Friday shows exports reached a total value of US$113.99 billion last year.
Fri, 01 Feb 2008
Furniture companies seek wood certification
The government and furniture associations have begun to promote wood certification in response to a movement among many global buyers to procure products derived only from legally cut logs."Recently, we received massive orders for window and doorframes from abroad and we had difficulty in finding...
Fri, 01 Feb 2008
RI`s cellular phone subscribers grow 51 pct
Jakarta (ANTARA News) - The number of cellular phone subscribers in Indonesia in 2007 rose 51 percent to 96.41 million from a year earlier, a minister said."The increase in the number of cellular phone and FWA (fixed wireless access) subscribers indicates that Indonesia has made remarkable...
Fri, 01 Feb 2008
Lapan to develop second satellite
JAKARTA (JP): After successfully launching its LAPAN-TUBSAT satellite last year, the National Aeronautics and Space Agency (Lapan) is preparing to construct a second generation version of the earth surveillance satellite for orbit in 2010.
Fri, 01 Feb 2008
More incentives sought to stabilize food prices
Businesspeople grouped in the Indonesian Chamber of Commerce and Industry (Kadin) called on the government to act to help stabilize the soaring prices of staple foods."We want the government to provide free fiscal, zero import tax and drop the value-added tax for staple foods," Kadin chairman M.
Thu, 31 Jan 2008
UNCAC: Corruption in the Business Sector Not Yet Overcome
Thursday, 31 January, 2008 | 16:27 WIBTEMPO Interactive, Jakarta: The business world forum in the Second-Round Conference on the United Nations Convention of Anti-Corruption (UNCAC) yesterday (30/1) said it considered that the efforts to tackle corruption in the business sector were still not yet...
Thu, 31 Jan 2008
First Media to Expand Business
Thursday, 31 January, 2008 | 17:54 WIBTEMPO Interactive, Jakarta: PT First Media, an Internet network and cable television provider, is expanding its business by developing a TV content provider production station.
Thu, 31 Jan 2008
Farmers benefit by going organic
Smiling and talking casually despite the strong aroma of cow urine coming from the bucket in front of him, Ketut Wiantara looked very happy as though he was rich with treasures.The urine was his real treasure though, for later it would be mixed with water to create organic fertilizer and pesticides.
Thu, 31 Jan 2008
Ubud organic market needs more space
The front yard of Pizza Bagus in Pengosekan, Ubud, was bustling with activity one recent morning.Vendors had transformed the cramped yard into Ubud's first organic market. Buyers carefully scoured piles of various organic food products, from fruits and vegetables to bread, honey, and ice cream.
Thu, 31 Jan 2008
Reputation the key to retail in Indonesia: Survey
While globally consumers are influenced by promotions and pricing discounts in selecting grocery stores, Indonesians are most likely to base their decision on a store's reputation for being cheaper, a survey shows.
Thu, 31 Jan 2008
Danareksa latest survey: Business sentiment down
Martin Jenkins, AnalystIn order to forecast economic activity in the near future, economists have a number of tools available at their disposal. One of the most useful of them is the Business Sentiment Index (BSI).
Thu, 31 Jan 2008
Time for alternative basic foods: Minister
Amid high prices in some of the country's key commodities such as soybeans and rice, Industry Minister Fahmi Idris said Wednesday it was time for Indonesians to consume alternative commodities such as corn, cassava and other types of beans on a daily basis.
Thu, 31 Jan 2008
House's anti-graft commitment questioned
NUSA DUA, Bali (JP): The House of Representatives came under fire for failing to have a delegation present at an important session of the international anti-corruption conference especially for lawmakers on Wednesday.
Thu, 31 Jan 2008
Business players join anticorruption drive
NUSA DUA, Bali (JP): Business delegates reaffirmed their commitment to the global campaign against corruption during an international conference here Wednesday.During the five-day conference, set to end Friday, they said they would establish principles aligned to the fundamental values enshrined in...
Wed, 30 Jan 2008
Pekalongan`s textile industry on brink of collapse
Pekalongan, Central Java (ANTARA News) - The textile industry in Pekalongan, Central Java, is reeling under the weight of sharply increased prices of cotton and rayon, and facing tight competition from cheaper imported products, a spokesman said.
Wed, 30 Jan 2008
Consortium to tender Palapa Ring network procurement
A consortium commissioned to develop the Palapa Ring fiber-optic network expects to launch bidding registration February for the project's procurement, an official says."We are about to finish the terms and conditions for the procurement and are hoping to invite bidders mid February," consortium...
Wed, 30 Jan 2008
RI property sector: How robust is the new tax regime?
The tax office has proposed a new tax system for property developers. For some companies the new legislation may prove to be a new year's gift; for others however it may turn out to be a handicap.The new regulations would impose a 5 percent final tax on revenues for big developers and a minimum 1...
Wed, 30 Jan 2008
Corruption busters in Bali
I wonder if the immigration people will try to extort money from people attending the UN conference on efforts to battle corruption.
Wed, 30 Jan 2008
Looming US recession not to affect Indonesia`s investment growth
Jakarta (ANTARA News) - The looming US economic recession will not affect Indonesia`s investment growth if the government issues policies favoring investment inflows, an official said.To increase the investment growth, the government must attract investors to engage in the manufacture of raw...
Wed, 30 Jan 2008
Bali`s exports increase 9.8 percent to $504 million
Denpasar, Bali (ANTARA News) - Bali`s non-oil/non-gas exports last year rose 9.8 percent to US$504 million from a year earlier, a trade official said."The foreign exchange earnings exceed the target of US$473.
Wed, 30 Jan 2008
Govt to extend food commodity fiscal incentives
Jakarta (ANTARA News) - The government was expected to extend food commodity fiscal incentives to enhance the national food resilience, Finance Minister Sri Mulyani Indrawati, said here Tuesday.The government has given fiscal incentives in the form of value added tax on vegetable oils to maintain...
Wed, 30 Jan 2008
Corruption busters in Bali
The billions of dollars in state assets allegedly stolen by former president Soeharto, who died Sunday, could again become a hot topic of international debate during the United Nations conference on corruption beginning in Bali Monday.
Tue, 29 Jan 2008
2008 Retail Sector Close to Peak
Tuesday, 29 January, 2008 | 15:54 WIBTEMPO Interactive, Jakarta: The growth of property in the retail sector this year is predicted to reach its peak, or highest demand. After the 1998 economic crisis, this sector grew ahead of other sectors.
Tue, 29 Jan 2008
Industrial estate prices 'to remain stable'
Agustina Wayansari, The Jakarta Post, JakartaThe price of industrial estates is likely to remain stable in Jakarta and Greater Jakarta this year due to slow demand, recent research shows."Considering demand is likely to remain slow this year, prices are expected to remain stable at around Rp...
Tue, 29 Jan 2008
Ad spending expanded 17% last year
Advertising expenditure grew 17% last year as mobile phone operators stepped up competition, Bloomberg reported. Total spending rose to Rp35.12 trillion ($3.7 billion) from Rp30.03 trillion a year earlier, Maika Randini, business development manager of Nielsen Media Research, said.
Tue, 29 Jan 2008
Lombok begins construction of int'l airport
West Nusa Tenggara Governor HL Serinata laid a foundation stone on January 19 to officially commence construction work on the Lombok International Airport, The Jakarta Post reported.The new airport will be located in Tanak Awu village, Central Lombok Regency, around 35 km from Mataram.