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Fri, 02 Apr 2010
Alcohol consumption in Indonesia
The Buddha Bar Restaurant in Jakarta, Dec. 4, 2008. Tariffs can create a near 500 percent increase in the cost of alcohol in Indonesia, and much of that cost is passed on to the consumer. (Beawiharta/Reuters)Enlarge PhotoJAKARKTA, Indonesia - Despite the government’s best efforts to curb the...
Fri, 02 Apr 2010
Key political risks to watch in Indonesia
JAKARTA, April 1 (Reuters) - Strong growth and political stability made Indonesia southeast Asia's most attractive investment destination last year, but the outlook is threatened by a struggle between reformers and powerful vested interests.
Fri, 02 Apr 2010
Indonesian Consumers Were More Confident in March, BI Says
Indonesians were more confident about the economy in March, according to a central bank survey released on Wednesday.Perry Warjiyo, Bank Indonesia’s director of economic and monetary research, said the Consumer Confidence Index, which reflects the level of optimism toward the economy, was 107.
Fri, 02 Apr 2010
RI posted US$1.71 billion trade surplus in February
Jakarta (ANTARA News) - Indonesia`s trade surplus in February reached US$1.71 billion, slightly up from US$1.1 billion in January, according to the Central Bureau of Statistics (BPS) on Thursday."The balance of trade shows a surplus of US$1.
Fri, 02 Apr 2010
Indonesia, China to discuss trade balance
Jakarta (ANTARA News) - The Indonesia-China Joint Commission will meet to discuss various issues including their trade balance, Trade Minister Mari Elka Pangestu said here on Thursday."A number of important issues will be discussed in the trade ministerial meeting such as our trade...
Fri, 02 Apr 2010
Chinese tourists to Bali up by 175.27 pct
Denpasar (ANTARA News) - The number of Chinese tourists visiting Bali increased by 175.27 pct from 11.422 in February 2009 to 31,441 in the same month this year."Thus, the number of Chinese tourists was only second to Australians of the ten countries with the highest number of tourists to the...
Thu, 01 Apr 2010
CPO: The core issue is credibility
Eighteen major palm oil producers and the Directorate General of Plantations decided here Monday to set up an independent team to verify Greenpeace’s allegations of deforestation by Indonesian companies.
Thu, 01 Apr 2010
Dimming international faith in Indonesian CPO
The recent flurry of international buyers suspending their contracts for Indonesian crude palm oil (CPO) indicates serious problems for the local industry. The trend began when two of the world’s largest buyers of CPO, Unilever and Nestle, stopped buying CPO from Indonesia’s PT SMART.
Thu, 01 Apr 2010
Kadin urges Govt to reduce power of tax office
The Indonesian Chamber of Commerce and Industry (Kadin) urges the government to separate the tax office from tax regulatory authorities and to examine tax complaints so as to improve the country’s taxation system.
Thu, 01 Apr 2010
Govt approves plan to rent Tabuhan Island to Maldives investor
Minister of Marine Resources and Fisheries Fadel Muhammad has approved the Banyuwangi regental administration's plan to rent Tabuhan Island to Maldives investor PT Safari International Resort."A recommendation letter has been received by the Banyuwangi regent," head of the investment...
Thu, 01 Apr 2010
Indonesia's place in the global jungle
Its people agree that their democratic country should play a bigger global role; but what?BY DINT of size, population and potential wealth, Indonesia has long loomed large over its own backyard. The archipelago nation bestrides the world’s busiest sea lanes.
Thu, 01 Apr 2010
Singapore firms urged to tap growing business opportunities in Indonesia
SINGAPORE : Singapore companies should look to large urbanised Indonesian cities like Surabaya and Bandung for business opportunities.This is according to Trade and Industry Minister Lim Hng Kiang, who spoke at a business forum on Indonesia on Wednesday.
Thu, 01 Apr 2010
President wants bureaucratic reform, law enforcement to continue
Tulungagung (ANTARA News) - President Susilo Bambang Yudhoyono has expressed hope bureaucratic reform and law enforcement will continue despite the discovery of a tax scandal involving a government employee.
Thu, 01 Apr 2010
RI infrastructure faces quality problem: Minister
Public Works Minister Djoko Kirmanto says much of the country’s infrastructure suffers from quality problems.“Based on our observations, there are quality and utilization problems in the existing infrastructure,” he said Wednesday as quoted by Antara at a regional meeting in Semarang, Central...
Thu, 01 Apr 2010
Indonesia to Ease Property, Foreign Investment Rules
March 31 (Bloomberg) -- Indonesia will allow foreigners to buy property in the country and own bigger stakes in health-care companies as it completes a review of investment rules, the country’s investment coordination agency said.
Wed, 31 Mar 2010
Many Import Documents are Forgeries
TEMPO Interactive, Jakarta:The Directorate General of Customs and Excise have found numerous violations using fictitious Certificates of Origin following the free trade agreement. As of early this year, at least 53 cases with false certificates of origin have been found in Tanjung Perak harbour,...
Wed, 31 Mar 2010
NGO’s Reject Palm Oil Plantation Revitalization Plan
TEMPO Interactive, Balikpapan:A number of environmental NGOs united to reject the government’s plan to revitalize palm oil plantation in Indonesia. According to the NGOs, revitalization is seen to put palm oil farmers at a disadvantage.
Wed, 31 Mar 2010
Indonesia woos investors
* Indonesia demanded attention as the rest of the world plunged into crisis in 2008-09, growing at 4.5 per cent last year, third only after China and India in the Group of 20 industrialised and developing countries.
Wed, 31 Mar 2010
RI new horizon for plant relocation from China
Indonesia is now one of the “new horizons” for foreign companies in China planning to relocate plants inland or outside the country because of rising labor and logistics costs, a survey by the American Chamber of Commerce in Shanghai showed.
Wed, 31 Mar 2010
SBY promises fund to raise local goat breed
President Susilo Bambang Yudhoyono promised on Wednesday to allocate state budget next year to help five East Java regencies breed local goats as a leading cattle industry, Antara reported.“Insya Allah [God willing] we will set aside a budget to develop the cattle industry,” Yudhoyono told...
Wed, 31 Mar 2010
Telkom injects another $2 m to plasa.com
Bandung, W Java (ANTARA News) - State telecommunications operator PT Telkom Indonesia has decided to inject another US$2 million to develop its e-commerce plasa.com portal site."We need huge investment to develop plasma.com through a transformation program we have launched.
Tue, 30 Mar 2010
Follow the money: $400 million Indonesia commitment has players scurrying
In Indonesia, the news came fast and furious over the week on the heels of a $400 million commitment by the World Bank’s Trust Fund Committee of the Clean Technology Fund (CTF) to help transform Indonesia’s use of renewable energy endorsed.
Tue, 30 Mar 2010
India Interested in Geothermal Investment in Indonesia
TEMPO Interactive, Mumbai:The Biggest Utility Sector Company from India, Tata Power, has revealed its interest in investing in geothermal power plants (PLTP) in Indonesia.In the short term, Tata Power is targeting a production potential of up until 1,500 MW.
Mon, 29 Mar 2010
Rempang and Galang islands demand recognition
Quoting: biznewsRempang and Galang islands demand recognition Ok.
Mon, 29 Mar 2010
Indonesia's reform hampered, but still moves ahead
JAKARTA, March 29 (Xinhua) -- The hope is high that the Indonesian government led by re-elected President Susilo Bambang Yudhoyono could continue to push for reform plans, although the progress may not run as smoothly as expected.
Mon, 29 Mar 2010
US – Indonesia economic ties, in search of synergy
The pros and the cons of President Barack Obama’s visit to Indonesia attracted my attention to the new form of economic relations the United States and Indonesia should be pursuing.As a woman who grew up in a naturally rich land in the most controversial province in Indonesia, I had seen...
Mon, 29 Mar 2010
Indonesia's food estate project sparks environment concerns
Jakarta - Indonesia's ambitious plan to turn large swathes of fertile land in the easternmost region of Papua into a food estate has sparked concerns about potential forest destruction and the marginalisation of small farmers.Under the project expected to start this year, 1.
Mon, 29 Mar 2010
Lampung’s geothermal plant ready for auction
The West Lampung administration plans to auction the management of the Suoh-Sekincau geothermal power plant next month to help solve energy shortages in the province, says an official.Regent Mukhlis Basrim said that the power plant was ready for auction following the decision from the Energy and...
Mon, 29 Mar 2010
Rempang and Galang islands demand recognition
The Batam city administration in Riau Islands has urged the Home Ministry to immediately determine the management rights of Rempang, Galang and other surrounding islands.The current power vacuum in the management of the islands, which is contested by the Batam Industrial Development Authority...
Mon, 29 Mar 2010
Indonesia Must Welcome Foreign Investors for Economy to Fulfill Potential: Experts
The government must ease restrictions on foreign investors and overcome fears about opening up domestic markets to access the massive amounts of funding needed to build crucial infrastructure and stimulate growth, analysts, foreign envoys and government officials have said.
Sun, 28 Mar 2010
Singapore firm to invest in Bengkulu jatropa plantation
Bengkulu (ANTARA News) - A Singapore company intends to invest Rp175 billion in a 5,000-hectare jatropa curcas plantation in Bengkulu province, a local official said.In the first stage the Singapore investor would open a 1,000-hectare plantation at Pino Raya in South Bengkulu district at a cost of...
Sun, 28 Mar 2010
Jakarta Traditional Sellers Protest Carrefour Domination
TEMPO Interactive, Jakarta: Dozens of small scale traders and street pedllers have protested on Friday (26/3) court acquittal of trade monopoly indictment against french retailer Carrefour in a rally in the capital.
Sun, 28 Mar 2010
Bali Seeks US$243 Million in New Investments for 2010
Bali Looks for Investors to Build Roads and Power Plants.(3/27/2010) The provincial government of Bali is seeking Rp. 2.29 trillion (US$243.6 million) in new investments for 2010. The ambitious target for the current year is nearly twice the Rp. 1.
Sat, 27 Mar 2010
Cirebon plans to develop organic farms
The regency administration in Cirebon, West Java, has allocated 10,000 hectares of land for organic farms, an official announced Friday.Local agriculture agency head Ali Effendi said 400 farming communities would be trained in several stages over the next five years to manage the organic farms.
Sat, 27 Mar 2010
Modern, legal mining poses minimum risk to environment
JAKARTA, March 27 (Xinhua) -- Rebutting criticism by environmentalists, some officials said that mining could pose minimum risk to environment as long as it is conducted legally with modern equipment and in-depth study.
Sat, 27 Mar 2010
Sri Mulyani Unveils Indonesia's New Tax, Customs Watchdog
Finance Minister Sri Mulyani Indrawati stepped up her drive to reform the tax and customs directorates on Friday by inaugurating a new regulatory body called the Taxation Supervisory Committee.“This committee should be the voice of taxpayers but also can help ensure the important role of taxation...
Fri, 26 Mar 2010
The Jakarta office market: Full recovery ahead?
The impact of the financial crisis that struck the global economy in mid-2008 has shown some signs of improvement. For those affected economies, the contraction has slowed, owing to the various government stimulus packages that have helped spur domestic demand.
Fri, 26 Mar 2010
China urged to back joint ventures in RI
Indonesia is urging China to invest here instead of mainly being a trader, and to back a “win-win solution” in the implementation of the free trade agreement between ASEAN and China (ACFTA).Industry Minister Mohamad Suleman Hidayat said Thursday that during the visit of Chinese Prime Minister...
Fri, 26 Mar 2010
Indonesia and Hong Kong sign tax treaty
Jakarta (ANTARA News/Asia Pulse) - Indonesia and Hong Kong have signed a new tax agreement to avoid double taxation and prevent tax evasion, an official of the finance ministry said.Under the agreement signed Tuesday, Indonesia will reduce taxes on Hong Kong investors' income in dividends,...
Fri, 26 Mar 2010
Indonesia`s rubber plantations expected to grow to 3.8 mln ha
Jakarta (ANTARA News/Asia Pulse) - Indonesia's rubber plantations are expected to expand by 300,000 hectares to 3.8 million hectares this year. Both state and private plantation companies plan expansion boosted by an increase in the rubber price in the world market, an official of the agriculture...
Fri, 26 Mar 2010
Japanese carmakers keen to produce eco-friendly cars in Indonesia
JAKARTA, March 26 (Xinhua) -- Indonesian Industry Minister M.S. Hidayat said that four Japan major automobile producers have expressed keen interest to join the government's program to produce eco-friendly and low-cost cars, local media reported here Friday.
Fri, 26 Mar 2010
Wanted: About $100b a Year in Indonesian Private Sector Investment
Quoting: biznews"We’ve got to make sure that people know more about Indonesia other than the demonstrations, terrorism, tsunamis, floods and earthquakes that they read about in newspapers. That needs to be changed.” That's a bit unfair.
Fri, 26 Mar 2010
Wanted: About $100b a Year in Indonesian Private Sector Investment
Indonesia needs $90 billion to $100 billion of private sector investment from 2010-14 if the country is to achieve its target of 7 percent annual growth, the chairman of the Investment Coordinating Board said on Thursday.
Fri, 26 Mar 2010
Dubai Group Ready to Start $1b Rail Project in Indonesia
dubai and vice presidents ... it'll all end in tears, mark my words.
Fri, 26 Mar 2010
Dubai Group Ready to Start $1b Rail Project in Indonesia
MEC Holdings, a subsidiary of the Dubai-based Trimex Group, said on Thursday that it had completed acquiring land for its $1 billion railway project in East Kalimantan and is ready to begin construction in the first half of this year.
Fri, 26 Mar 2010
Investment board admits difficulty to lure foreign investors
Quoting: KuKuKaChu"Maybe we need to open more Indonesian restaurants and send more workers to [the US and Europe]," he said as quoted by kompas.com. "They could promote Indonesia and show that the Indonesian economy has changed." oh dear.
Fri, 26 Mar 2010
Investment board admits difficulty to lure foreign investors
The Investment Coordinating Board (BKPM) admitted Thursday that it was difficult to lure investors from the U.S. and European countries to invest in Indonesia.BKPM head Gita Wirjawan said the declining number of Indonesian workers and students in the U.S.
Fri, 26 Mar 2010
Industry Department Welcomes Cheap Car Plans From Japan
TEMPO Interactive, Jakarta: Industry Department said it is planning to draft a legal basis to facilitate production and trade of efficient and affordable vehicles as Japanese automakers are said to have prepared business plans for cheap and green cars in Indonesia.
Fri, 26 Mar 2010
Socialization key to reduce fear for ACFTA, says Chinese envoy
Jakarta (ANTARA News) - Chinese Ambassador to Indonesia Zhang Qiyue said socialization and education are very important to Indonesian and Chinese people to overcome concerns about the negative impact of the ASEAN-China Free Trade Agreement.
Fri, 26 Mar 2010
Trade ministry to speed up licensing procedures
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said her ministry had set itself the target of creating an online registration and license-issuing system over the next five years."At present, we are already using a national single window system whereby trade licenses are processed in...