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Tue, 15 Jan 2008
Govt to lower soybean import duty
Jakarta (ANTARA News) - The government would lower the soybean import duty to lower the domestic price of soybean, Trade Minister Mari Elka Pangestu said here, Monday."One concrete move that we can take is to lower the import duty from 10 percent to five or zero percent.
Tue, 15 Jan 2008
Indonesia to switch 10 pct petroleum to biofuel
Jakarta (ANTARA News) - Indonesia plans to substitute around 10 percent of its fossil fuel transport consumption with biofuel products by 2010, a senior government official said on Monday.The resource-rich tropical nation has been pushing the use of biofuels made from various resources such as palm...
Tue, 15 Jan 2008
Entrepreneurs Complain about Listing Fee
Monday, 14 January, 2008 | 16:19 WIBTEMPO Interactive, Jakarta: Several groups that are members of the Nine Associations Alliance are complaining about the government's attitude as regards the legalization of a listing fee or administration fee for registering goods.
Mon, 14 Jan 2008
Coal association sees higher 2008 exports
Coal exports can still exceed 150 million tons this year due to higher supply, despite fears that the government may curb exports to protect domestic demand, a senior industry figure said Tuesday (8/1/08), Reuters reported.
Mon, 14 Jan 2008
Rigging, testing facility for Batam
Aqua-Terra Supply is to set up a rigging and testing and certification facility on Batam, Singapore's Business Times reported Tuesday (8/1/08).The facility will be run under PT MH Global Indonesia, which is a subsidiary of Aqua-Terra unit Marinehub.
Mon, 14 Jan 2008
Excelcom subscribers jump 63% in 2007
Mobile phone operator PT Excelcomindo Pratama's subscribers jumped 63.2% last year, driven by lower prepaid rates and cheaper handset prices, Reuters reported.Excelcom, 67% owned by Telekom Malaysia, said in a statement on Friday (11/1/08) it ended 2007 with 15.5 million subscribers compared with 9.
Mon, 14 Jan 2008
Krakatau Steel to cut steel exports
State steel firm PT Krakatau Steel plans to cut exports of hot-rolled coil and cold-rolled coil by 50% this year to meet rising domestic demand, a company official said on Wednesday (9/1/08) Reuters reported.
Mon, 14 Jan 2008
PT Telkom to spend $2.2B in 2008
The country's largest telecommunications company PT Telkom said it will set aside Rp20 trillion ($2.2 billion) for capital spending in 2008, Asia Pulse reported Tuesday (8/1/08).Around 5% of the fund will be used for business innovation and to acquire information technology, company vice president...
Mon, 14 Jan 2008
Garment makers to invest $122M
A number of textile companies plan to build new garment factories with a total investment of Rp1.1 trillion ($122 million) this year, the Indonesian Textile Association (API) said, Asia Pulse reported Tuesday (8/1/08).
Mon, 14 Jan 2008
Rajawali to spend $200M on oil palm planting
Rajawali Group said it will spend $200 million for expansion in the plantation sector, especially in oil palm plantations, Asia Pulse reported Tuesday (8/1/08).The group, which has stakes in various other sectors including hotels, tourist resorts, coal mining, cement manufacturing and transport...
Mon, 14 Jan 2008
Smelter deal kicks off investment
A preliminary deal between the government and India's state-run National Aluminum Co Ltd on Friday (11/1/08) for a $3.2 billion project to build an aluminum smelter and power plant in Sumatra promises the start of a strong year for growth in Indonesia.
Mon, 14 Jan 2008
House says govt tax holiday plan not possible
Andi Haswidi, The Jakarta Post, JakartaThe House of Representatives said Sunday the government may have to postpone its plan to introduce a tax holiday in a series of incentives proposed in the final draft of a presidential decree on industry development.
Mon, 14 Jan 2008
Natural rubber prices set to climb
This year there are less factors to cite which could reduce the price of natural rubber, with many signs pointing toward the commodity climbing up the chart.A higher demand for automotive products, intensive global campaigns for the use of environmentally friendly materials, poor climatic...
Mon, 14 Jan 2008
RI rubber business set to reach new heights
If booming investment in the rubber processing sector amid tight raw material supply is any indication, the country's natural rubber business is set to reach new heights in the coming year.The Indonesian Rubber Association (Gapkindo), said 10 new rubber processing plants came into operation by...
Mon, 14 Jan 2008
Indonesia`s actual FDI hits US$10.34 bln in 2007, up 73.2 pct
Jakarta (ANTARA News) - Actual foreign direct investment (FDI) in Indonesia reached 10.34 billion US dollars last year, 73.2 percent more than in 2006, the National Investment Coordinating Board said Monday.The board said actual domestic investment rose 57.8 percent last year to 34.
Mon, 14 Jan 2008
Indonesia`s foreign investment jumps 73.2 pct in 2007: official
Jakarta (ANTARA News) - Foreign direct investment (FDI) in Indonesia reached 10.34 billion dollars last year, 73.2 percent up on 2006, the National Investment Coordinating Board said Monday.The amount was well above the board's target of 42.6 trillion rupiah (4.5 billion dollars), it said.
Mon, 14 Jan 2008
Bali`s textile, garment imports rise to $5.9 million
Denpasar, Bali (ANTARA News) - Bali`s textile and garment imports in the first nine months of 2007 rose to US$5.9 million from US$5.4 million a year earlier, a report said.Textile and garment imports stood at US$1.9 million in 2004 and climbed to US$9.3 million in 2005 but declined to US$9.
Mon, 14 Jan 2008
A Call to Demolish Unlicensed Commercial Villas
Despite Demands of Local Legislators, Regional Governments Reluctant to Get Too Tough with Illegal Villas.Bali News: A Call to Demolish Unlicensed Commercial Villas(1/12/2008) The Regional Legislative Council (DPRD) in Tabanan is calling on the Regent and Governor to demolish illegal luxury villas...
Mon, 14 Jan 2008
2008: A Bumper Year for Meetings in Bali
Meeting and Conference Business from Australia Expected to Return to Bali in 2008.Bali News: 2008: A Bumper Year for Meetings in Bali(1/12/2008) The hospitality industry in Bali is optimistic of more MICE (Meetings, Incentives, Conferences and Exhibitions) business from Australia following the...
Mon, 14 Jan 2008
Foreign investment in Batam up 56%
Batam (ANTARA News) - Foreign investment inflows to Indonesia`s industrialized island of Batam last year jumped 56 percent to US$288.52 million from US$184.99 million a year earlier, a report said.In 2007, the government licenced 79 new foreign investment projects worth US$288.
Mon, 14 Jan 2008
Thai government to import palm oil
Bangkok (ANTARA News) - Thailand plans to import 60,000 tons of palm oil this month, either from Malaysia or Indonesia, to ease a domestic shortage of the commodity, which is used both for cooking oil and as bio-fuel, news reports said Saturday.
Mon, 14 Jan 2008
Govt needs to reconsider decision to sugar imports
Semarang, C Java (ANTARA News) - The government needs to consider its plan of importing sugar, because such decision would only benefit sugar speculators in the country."The government`s decision to import sugar would even cause uncertainties in the life of the growers," Chairman of the Indonesian...
Mon, 14 Jan 2008
Rich, Asian and all-natural
Indonesia’s wealthy partake of a booming spa tourism industry, joining a pan-Asian community of well-to-do consumers of the ‘non-west’ A Javanese businesswoman, Martha Tilaar, popularly known as the ‘mother of natural based cosmetics’, has recently launched her 'Dewi Sri' line of body...
Fri, 11 Jan 2008
Indonesia mulls local flour subsidy - Industry official
Jakarta (ANTARA News) - Indonesia's government may subsidise the price of wheat flour by paying a 10 percent value added tax for locally processed wheat in order to lower the price of local flour, an industry official said on Wednesday.
Fri, 11 Jan 2008
India consumers replace South Africa coal with Indonesian
London (ANTARA News) - Some Indian coal consumers which have taken predominantly South African coal during 2007 are switching to cheaper Indonesian material in tenders issued this week, Indian traders told Reuters.
Fri, 11 Jan 2008
Toyota to import Indonesia-made vehicles for sale in Japan
Nagoya (ANTARA News/Asia Pulse) - Toyota Motor Corp. (TSE:7203) said Wednesday that it will begin importing compact commercial vehicles produced in Indonesia and selling them in Japan.Production of its fully remodelled Townace/Liteace vans and trucks, to be rolled out in Japan on Feb.
Wed, 09 Jan 2008
Retail association hails new presidential decree
The Indonesian Retailers Association (Aprindo) has hailed a presidential decree on the retail sector as a breakthrough in the perceived disharmony between traditional and modern retail marketsAprindo chairman Handaka Santosa said Tuesday the decree covered the interests of both sides, allowing them...
Wed, 09 Jan 2008
2007 economic growth highest since crisis
Jakarta (ANTARA News) - Bank Indonesia (Central Bank) Governor Burhanuddin Abdullah said that last year`s Indonesian economic growth predicted to reach 6.3 percent, was a record high since the 1997 economic crisis.
Tue, 08 Jan 2008
Khazanah announces merger of Lippo, Niaga
Khazanah Nasional, the Malaysian government's investment arm, confirmed it will merge Lippo Bank and Bank Niaga in Indonesia, creating the country's sixth largest bank by assets to comply with competition regulations, The Financial Times reported Monday (31/12/07).
Tue, 08 Jan 2008
Bakrie Sumatra raises stake in Agri Resources
PT Bakrie Sumatra Plantations said Wednesday (2/1/08) it has raised its stake in Agri Resources BV to 25% after acquiring an additional 5% stake for $8.24 million, Thomson Financial reported.Agri Resources BV, which is incorporated in the Netherlands, is a joint venture between Bakrie and...
Tue, 08 Jan 2008
Riau Islands to get container port
Karimun District administration in Riau Islands province will soon build a container port on a 70-hectare plot of land only 25-minutes sailing from Singapore and Malaysia, Asia Pulse reported Friday (4/1/08).
Tue, 08 Jan 2008
Envoy expects $5B in Middle East investment
Indonesia’s special envoy to the Middle East, Alwi Shihab, says he expects up to $5 billion in investment from the region this year, The Jakarta Post reported on Saturday (5/1/08).He said agreement on a $1 billion investment fund with the Qatar Investment Authority late last year should unlock...
Tue, 08 Jan 2008
Tourist arrivals jump in 2007
The number of tourists visiting Indonesia jumped 14% in the first 11 months of 2007 compared to the same period a year ago, Central Bureau of Statistics data showed Wednesday (2/1/08), Agence France-Presse reported.The 4.
Tue, 08 Jan 2008
Unemployment down to 9.1% in August
Unemployment in Indonesia fell to 9.1% in August 2007 from 10.3% a year before, Dow Jones reported Wednesday (2/1/08).The Central Statistics Agency (BPS) said the number of jobless dropped to 10.01 million people in August from 10.93 million a year before.
Tue, 08 Jan 2008
Slower growth in exports expected: Minister
The country's non-oil and gas exports may grow at a slower pace of 14.5% this year compared to the 16-16.5% pace estimated for last year amid weaker global demand, Trade Minister Mari Pangestu said Friday (4/1/08), Thomson Financial reported.
Mon, 07 Jan 2008
French firm to invest in power, clean water in S Kalimantan, Bali
Banjarmasin, S Kalimantan (ANTARA News) - A French company, NTC, is ready to invest in thermal power generation and clean water production and distribution in South Kalimantan and Bali provinces, Thalib of the Regional Capital Investment Coordinating Board (BKPMD) said here on Monday.
Mon, 07 Jan 2008
Negative investment list still ambiguous, say business leaders
the maximum foreign equity for the business category "business and management consultancy services" was changed from 100% to 49% last july. it was one of the worst aspects of that last change to the investment negative list.
Mon, 07 Jan 2008
Negative investment list still ambiguous, say business leaders
The Indonesian Chamber of Commerce and Industry (Kadin) said Sunday that the newly revised negative investment list was not enough to bolster investor confidence due to remaining ambiguities."Aside from the grandfather clause and the retail sector, revisions to the list are only on those (issues)...
Sat, 05 Jan 2008
Palembang to have compost plant soon
Originally Posted By: KuKuKaChuPalembang to have compost plant soon That's nice. Good on 'em. I was hoping that would happen.
Sat, 05 Jan 2008
Putting Our Tourism House in Order
Leading Expert Examines Why Indonesia Continues to Get Less than its Share of the Tourism Pie.(1/5/2008) The former Executive Director of the Indonesian Promotion Board and a frequent contributor to balidiscovery.
Sat, 05 Jan 2008
Tourism Expert Calls for a Freeze on New Accommodation.
Oversupply of Rooms and Diminishing Water Supply Should Cause Government to Refuse New Accommodation Licenses.(1/5/2008) A leading academic and observer of Balinese tourism from Udayana University’s Tourism Study Department, Drs.
Sat, 05 Jan 2008
Indonesia looking at $5b in investment from Middle East
The government eyes up to US$5 billion in investment from the Middle East this year in financial services, natural resources, infrastructure, property and plantations.Alwi Shihab, special government envoy to the Middle East, said he was optimistic about the target with the country having secured...
Sat, 05 Jan 2008
Justice ministry vows to improve public services
Originally Posted By: KuKuKaChu"The directorate general has also simplified the authorization of legal status for companies," Andi said.oh yes. since when? Originally Posted By: KuKuKaChu"It usually takes more than 60 days for companies to obtain their licenses, but now it takes between...
Sat, 05 Jan 2008
Justice ministry vows to improve public services
The Jakarta Post, JakartaThe Ministry of Justice and Human Rights has claimed progress and achievements in 2007, but has pledged to improve and simplify its services for the public in 2008."Our directorate general of legal administration has reinstated the citizenship status and passports of 14,653...
Sat, 05 Jan 2008
Palembang to have compost plant soon
Palembang, S Sumatra (ANTARA News) - PT Organic Recovery Group Indonesia, a subsidiary of an Australian company, will soon build a compost plant in Palembang, capital of South Sumatra province, at a cost of US$1.5 billion.
Sat, 05 Jan 2008
Lampung earns $276 M from coffee exports
Bandarlampung (ANTARA News) - Lampung province`s coffee exports in the first eleven months of 2007 dropped in volume to 168.12 million kg but increased in value to US$276.48 million from the same period in 2006.Lampung earned US$264.87 million from exporting 230.
Fri, 04 Jan 2008
Kadin urges focus on labor-intensive industries
The government needs to place more focus on the development of labor-intensive manufacturing industries, and the agricultural and mining sectors in order to maintain sustainable growth and reduce the country's high unemployment, the Indonesian Chamber of Commerce and Industry said, The Jakarta Post...
Fri, 04 Jan 2008
Govt. may limit licenses for cellular operators to protect customers
The government may limit the number of licenses issued to cellular operators wanting to enter the telecommunications market, citing fierce competition in the industry that has led to "panic and excessive marketing efforts",The Jakarta Post reported Saturday (29/12/07).
Fri, 04 Jan 2008
Retail law would better regulate hypermart expansion
The government has passed a law designed to restrict store locations for retail chain operators including Carrefour SA and PT Matahari Putra Prima, Bloomberg reported Friday (28/12/07)."The outlet locations of modern and traditional retailers should be administered more properly,'' Trade Minister...
Fri, 04 Jan 2008
Manufacturing seen picking up in 2008
The manufacturing sector is expected to grow by 7.4% in 2008, helped by growing demand in the automotive and information technology sectors, an industry ministry official said on Thursday (27/12/07), Reuters reported.The government estimates manufacturing output will grow 6.