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Tue, 22 Jan 2008
Import duty on soybeans removed
The government has scrapped the 10 percent import duty on soybeans to help curb the rising price of the commodity in the local market."The decision, effective Monday, is part of the government's short-term policy to overcome the surging soybean prices," said the deputy minister for agriculture and...
Tue, 22 Jan 2008
US Recession Threatens Domestic Industries
Monday, 21 January, 2008 | 17:19 WIBTEMPO Interactive, Jakarta: M. Lutfhi, Head of the Investment Coordination Agency (BKPM), has said he is concerned that the economic recession in the United States will threaten the continuity of domestic industries, especially machine-based manufacturing...
Tue, 22 Jan 2008
Visa-Free Facility Proposed for 10 Countries
Originally Posted By: Magpie Originally Posted By: KuKuKaChu "Other efforts include increasing immigration counters at Soekarno-Hatta Jakarta and Ngurah Rai Bali airports; sceptical at it may seem, but does more immigration officers possibly mean more grizzly faced immigration officers...
Tue, 22 Jan 2008
Visa-Free Facility Proposed for 10 Countries
Questionable over-stay fines Opinion News - Monday, January 21, 2008 I together with my family have returned to Singapore from a wonderful trip to West Sumatra. We are a German family residing in Singapore for the last seven years. It was our first trip to West Sumatra.
Tue, 22 Jan 2008
Visa-Free Facility Proposed for 10 Countries
Originally Posted By: KuKuKaChu "Other efforts include increasing immigration counters at Soekarno-Hatta Jakarta and Ngurah Rai Bali airports; sceptical at it may seem, but does more immigration officers possibly mean more grizzly faced immigration officers looking for bribes?
Mon, 21 Jan 2008
Visa-Free Facility Proposed for 10 Countries
oh it looks so good on paper .... Lets hope the red tape men don't stand in the way. Tourism is the best way this country can ensure at least some re-distribution of wealth. Open things up, encourage the "eco-tourists" and backpackers and get them buying loads of tat in remote parts of Indonesia.
Mon, 21 Jan 2008
Jakarta Airport Service Charge to Increase?
"100 years of the nation's awakening" - ahhh! Yawn ! nyum nyum!Rp.150,000 please. Thankyou very much Mr. - Now what's for fuckin' breakfast?
Mon, 21 Jan 2008
Bali's Bitter Cup to Drink
Over Development Threatening Bali's Subterranean Fresh Water Supply.(1/19/2008) Badung Regency and Denpasar officials have issued a warning that uncontrolled use of wells are resulting in the intrusion of salt water into the Island's precious water table.
Mon, 21 Jan 2008
Visa-Free Facility Proposed for 10 Countries
Ministry of Culture and Tourism Seeks Inter-Departmental Support in Order to Achieve 7 Million Foreign Visitors in 2008.(1/19/2008) Travel Trade Gazette's (TTG) Mimi Hudoyo reports that the Indonesian Department of Culture and Tourism is seeking agreement to change current visa regulations to...
Mon, 21 Jan 2008
Jakarta Airport Service Charge to Increase?
If Approved, Jakarta International Passengers will Pay Rp. 150,000 and Domestic Passengers Rp. 45.000 in Departure Tax.(1/19/2008) Angkasa Pura I - the government-owned operating authorities for all Indonesian airports is seeking government approval to increase passenger service charges by 50% for...
Mon, 21 Jan 2008
RI coal producers want market-based pricing system
Ika Krismantari, The Jakarta Post, JakartaTo prevent illegal coal trading due to the introduction of the proposed domestic market obligation (DMO) policy, producers have urged the government to introduce a market-based pricing system.
Mon, 21 Jan 2008
RI must move beyond "hands off" approach
Hendri Saparini and Binny Buchori, JakartaSo the year 2007 is over, which much praise rained on the President's economic team for their achievements in improving Indonesia's fiscal status. But just how true their claims?The rise in unemployment and the increasing incidence of illness due to...
Mon, 21 Jan 2008
Rupiah weaker vs dollar on fund outflow, central bank intervenes
Jakarta (ANTARA News) - The Indonesian rupiah was weaker against the US dollar in midmorning trade Friday on increased fund outflows following recent selloffs in the stock market.At 10:05 am, the rupiah was trading at 9,475/9,480 to the dollar, down 0.4 percent from late Thursday.
Mon, 21 Jan 2008
New Regulations Promised for Foreign Land Ownership
Government Officials and Head of Bali's Notary Association Warns that Foreign Land Ownership is a Threat to National Security. (1/19/2008) The Indonesia Government is calling on notaries to exercise more caution in the issuance of property deeds of transfer in order to safeguard the nation against...
Sat, 19 Jan 2008
Indonesia central bank not worried about rupiah
Well if the central Bank isn't worried about the rupiah who the hell is doing the worrying??? It was THE WORST performing currency in Asia - My advice advice is it's time to worry boys!
Sat, 19 Jan 2008
Indonesia central bank not worried about rupiah
Jakarta (ANTARA News) - Bank Indonesia, the central bank, is not worried about the weakening of the rupiah as the fall is likely to be temporary, deputy governor Budi Mulya was quoted by Reuters as telling reporters on Friday.
Sat, 19 Jan 2008
Indonesia mulls fixing soybean prices - official
Jakarta (ANTARA News - The Indonesian government is considering fixing soybean prices in another bid to control surging prices which have hurt the local food industry, an agriculture ministry official said late on Thursday.
Sat, 19 Jan 2008
Govt to raise soybean on 200,000 ha
Jakarta (ANTARA News) - The government is ready to cultivate soybean on 200,000 hectares of land across the country this year to raise its soybean production, an Agriculture Ministry official said.The national soybean output once hit a high record of 1.
Sat, 19 Jan 2008
Agri ministry: import duty exemption on soyabean should to be reviewed
Jakarta (ANTARA News) - The Agriculture Ministry expressed hope that the import duty exemption on soyabean should be reviewed once in every three months so that it will not cause a loss to the growers.Sutarto Alimuso, Agriculture Ministry`s food plantations affairs director general said here on...
Sat, 19 Jan 2008
Bali`s canned fish exports hit record high
Denpasar, Bali (ANTARA News) - Bali`s canned fish exports in the first 11 months of 2007 hit a record high of US$11.8 million, a report said.The exports represented a 99 percent increase from the same period in 2006, the Bali Provincial Industry and Trade Office said in a report on Friday.
Sat, 19 Jan 2008
Sarolangun has a potential coal reserve of 399 million tons
Jambi (ANTARA News) - The potential coal reserves in Sarolangun regency, Jambi province, according to provisional estimates reached 399 million tons with a calorie of 4,800-6,800.This is merely a provisional estimate, but a thorogh study and research will tell more than that, Sarolangun regency...
Sat, 19 Jan 2008
Telkomsel ready to lease its towers
Jakarta (ANTARA News) - President director of PT Telkomsel Kiskenda Suriahardja said the company was ready to to lease its telecommunication towers to other telecommunication operators."We are ready to have our towers leased, and not only our towers but also other infrastructure including...
Sat, 19 Jan 2008
Transforming Indonesia's family business groups
Most of Indonesia's largest domestic firms come in the form of widely diversified conglomerates, often under the control of families. Headed by powerful tycoons, these family firms arouse controversy in Indonesia.
Sat, 19 Jan 2008
Bulog Will Import Second-class Soybeans
Friday, 18 January, 2008 | 13:58 WIBTEMPO Interactive, Jakarta: The State Logistics Agency (Bulog) has not yet found any alternative to the soybean exporting country other than the United States. Temporarily, Bulog will continue to import soybeans from Uncle Sam.
Fri, 18 Jan 2008
House to summon agriculture minister on soybean crisis
Jakarta (ANTARA News) - The House of Representatives (DPR)`s Commission IV is to summon its working partners in the execuive branch, including the agriculture minister, next week for discussions to solve the current soybean crisis.
Fri, 18 Jan 2008
Pertamina to become RI's most profitable firm
Ika Krismantari, The Jakarta Post, JakartaState oil and gas company PT Pertamina may have booked a staggering Rp 23 trillion (around US$2.5 billion) net profit in 2007, on the back of high crude oil prices and the company's efficiency programs, its president director says.
Fri, 18 Jan 2008
'Lack of coordination hampers growth'
The Jakarta Post, JakartaThere is a visible lack of coordination between the central government and local administrations in the development of the real sector and micro, small and medium businesses, a minister says.The government, through last year's policy package under Presidential Decree No.
Fri, 18 Jan 2008
Lack of coordination affects policy implementation
JAKARTA (JP): There is a visible lack of coordination between the central government and local administrations in the development of the real sector and micro, small and medium businesses, Coordinating Minister for the Economy Boediono said Thursday.
Fri, 18 Jan 2008
Govt to move up start of massive soybean planting drive
Manado, N Sulawesi (ANTARA News) - The government will move up the launching of a massive soybean planting drive to 2010 from 2015 as originally planned to reduce the country`s dependence on imported soybean, a minister said.
Fri, 18 Jan 2008
Pertamina to lift investment by 50 percent
Jakarta (ANTARA News) - Indonesia's state oil and gas firm, Pertamina, aims to lift investment by 50 percent to 21 trillion rupiah ($2.2 billion) this year to boost crude output and upgrade refineries, its president said on Thursday.
Fri, 18 Jan 2008
Indonesian 2008 car sales expected to rise a fifth
Jakarta (ANTARA News) - Indonesian vehicle sales are expected to jump by a fifth this year to 520,000 units, powered by economic growth in rural areas and extra spending ahead of an election year, the head of an industry group said on Friday.
Fri, 18 Jan 2008
2008 is Good Year to Buy Property
Thursday, 17 January, 2008 | 18:13 WIBTEMPO Interactive, Jakarta: Sanggam Sitorus, Marketing Research Manager at PT Bakrie Swasakti Utama, gas said that this year is a good year for the public to buy property.
Thu, 17 Jan 2008
Soybean debacle highlights government mismanagement
At the start of his presidential term four years ago, Susilo Bambang Yudhoyono promised to put the agriculture sector at the top of his agenda with the aim of reaching self-sufficiency in producing strategic commodities.
Thu, 17 Jan 2008
SBY hasn't set deadline for issuing the severance law
A favorite topic of mine this one! Unless Indonesia makes some very drastic changes very quickly to the manpower laws they will see a mass reduction in Manufacturing as the MNC head to India, China and Vietman.While it may seem Indonesia has cheap labor ..
Thu, 17 Jan 2008
Indonesias Top Priorities of Increasing Oil Production and Market Liberalization
Indonesia's top lawmakers are now starting to face the reality of the nation's Production Sharing Contracts system, which have been unable to stop the steady decline in Indonesia's crude production.Putting the archipelago's oil production on the road to recovery remains the key issue among...
Thu, 17 Jan 2008
Govt may increase number of soybean importers
Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Boediono said the government may increase the number of soybean importers as part of its short-term measure to curb the upward trend in the price of the commodity.
Thu, 17 Jan 2008
Govt urges importers to release soybean stocks
Jakarta (ANTARA News) - The government called on importers on Wednesday to release their soybean stocks to the market in order to help stabilize the commodity`s price.Director General for Processing and Marketing of Agricultural Products Djoko Said Damardjati said his office had held talks with the...
Thu, 17 Jan 2008
Container terminal set for massive expansion
JAKARTA (JP): The Jakarta International Container Terminal (JICT) will expand its 72-hectare container yard by 12.4 hectares to increase its storage capacity by 57 percent to 55,000 twenty-foot equivalent units (TEUs), president director Bambang Bhakti said Wednesday.
Thu, 17 Jan 2008
SBY hasn't set deadline for issuing the severance law
JAKARTA (JP): President Susilo Bambang Yudhoyono refused Wednesday to set a deadline for the issuance of the controversial government regulation on dismissal benefits."I haven't set a date ... but it will be issued soon," he told a press conference after chairing a cabinet meeting at the Ministry...
Wed, 16 Jan 2008
Indonesia’s infrastructure stunts growth
(REUTERS) Indonesia’s rust-bucket ferries are a symbol of the decrepit infrastructure which has plagued Southeast Asia’s biggest economy and prevented it from matching China’s meteoric growth rate.
Wed, 16 Jan 2008
Indonesia, Malaysia to boost trade, investment ties
Indonesia and Malaysia have signed a Memorandum of Understanding (MoU) on the establishment of a joint committee as an effort to increase two-way trade and investment.Addressing at the MoU signing of the Joint Trade and Investment Committee (ITIC) on January 11, Indonesia’s President Susilo...
Wed, 16 Jan 2008
Malaysia’s edge over Indonesia if EU bans palm biodiesel
PETALING JAYA: Malaysia, with regulators more in control of land issues, is better positioned than Indonesia if the European Union bans certain biofuels derived from crops grown on forests, wetlands or grasslands, a research house said.
Wed, 16 Jan 2008
Ciputra plans new Rp 7t project
Publicly listed property company PT Ciputra Property plans to invest Rp 7 trillion (US$747.36 million) on an integrated shopping mall, hotel and apartment project in Jakarta.President director Candra Ciputra said Tuesday the project would underline the reputation of the Ciputra Group as one of the...
Wed, 16 Jan 2008
Industrial fuel price raised
State oil and gas company Pertamina on Tuesday raised the price of industrial fuels following depreciation of the local currency against the U.S. dollar early this month.The company raised the price of gasoline for industrial use by 6.7 percent to Rp 7,833 (84 U.S. cents) per liter.
Wed, 16 Jan 2008
More imports 'could curb soaring soybean prices'
To curb the surging price of soybeans, legislators suggested Tuesday the government scrap its policy limiting the number of designated importers.The policy is considered a major factor for the skyrocketing prices.
Wed, 16 Jan 2008
Indonesia to boost soybean output to 900,000 tonnes
Jakarta (ANTARA News) - Indonesia plans to boost domestic soybean output to 900,000 tonnes this year to reduce dependence on imports as soaring prices have hurt the local food industry, Agriculture Minister Anton Apriyantono said on Tuesday.
Tue, 15 Jan 2008
Soybean scarcity may fuel inflation in January
Jakarta (ANTARA News) - A soybean scarcity that happened early this year is predicted to fuel inflation in rest of January - something which could affect the government`s annual inflation target of 5 percent with plus or minus one percent.
Tue, 15 Jan 2008
Bali`s exports exceed target
Denpasar, Bali (ANTARA News) - Bali province in the first eleven months of 2007 exported US$461.9 million worth of non-oil/non-gas commodities, exceeding its target of US$458.7 million for the year."I believe the foreign exchange earnings from Bali`s non-oil/non-gas exports will be 10 percent...
Tue, 15 Jan 2008
Tofu, tempe factories in Bogor stop production
Originally Posted By: KuKuKaChuTofu, tempe factories in Bogor stop production"President SBY likes tofu and tempe very much. He has instructed the trade and agriculture ministers to meet tofu and tempe producers and deal with the price hike problem," presidential spokesman Andi Mallarangeng...
Tue, 15 Jan 2008
Tofu, tempe factories in Bogor stop production
Bogor, W Java (ANTARA News) - Most tofu and tempe (fermented soybean cake) producers have temporarily stopped production as a solidarity with their colleagues who staged a rally in front of the Merdeka Palace here on Monday following the recent soyabean highrocketing price.