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Fri, 04 Jan 2008
Indonesia is progressing: President
President Susilo Bambang Yudhoyono, launching a book of his articles and speeches at an opening of “the largest bookstore in South-East Asia” in Jakarta on Friday (28/12/07), called on his critics to admit that Indonesia was making progress in a number of areas, Kompas reported.
Fri, 04 Jan 2008
RI ranks 8th for Japanese investors
TOKYO (Antara): Indonesia's ranking has improved to eighth from ninth last year in the top ten countries for Japanese investors, a survey has revealed.An official at the Indonesian embassy in Tokyo, M. Abas Ridwan, said Friday the survey was conducted by the Japan Bank for International Cooperation...
Fri, 04 Jan 2008
RI to host UN conference on corruption
Jakarta (ANTARA News) - Indonesia will host the 2nd Conference of Parties to the United Nations Convention against Corruption (UNCAC) in Bali on January 28-February 1."President Susilo Bambang Yudhoyono is slated to open the conference," Director for Legal Affairs and International Agreement of the...
Fri, 04 Jan 2008
Aceh police ensure security for investors
Banda Aceh (ANTARA News) - Nanggroe Aceh Darussalam Police chief Inspector General Rismawan has said he would ensure security for investors who wanted to invest in the province."I will ensure the security and thus, the investors are welcomed because no criminal act will disturb them in Aceh,"...
Fri, 04 Jan 2008
Indonesia Becomes Royal Doulton's Production Center
Friday, 04 January, 2008 | 14:08 WIBTEMPO Interactive, Jakarta: The world ceramic company Royal Doulton will turn Indonesia into the center of its global production center. Through PT Doulton's subsidiary, the company will build a new factory this February with a capacity of 10 million pieces a...
Fri, 04 Jan 2008
Negative investment list revised for clarity
Originally Posted By: KuKuKaChuIn the capital ownerships category, the government also scrapped in the list business and management consultation services, in which foreign investment was previously limited to 49 percent -- now completely open, ...
Fri, 04 Jan 2008
Negative investment list revised for clarity
Andi Haswidi, The Jakarta Post, JakartaThe government revised its so-called negative investment list -- a list of business sectors, wholly or partly closed to investment -- last week, aiming to clarify rules and fair treatment within the business community.
Fri, 04 Jan 2008
Dairy industry fares well, but milk not enough
Emanuel Shahaf, JerusalemIt is no secret that the Indonesian dairy industry is seriously undersized for the nation's 240 million population permitting a milk consumption of only 7 liters/capita/year. In comparison, consumption in Europe is frequently above 200 liters, Singapore is 60 liters and...
Fri, 04 Jan 2008
Rupiah fate may hang on Indonesian inflation
Singapore (ANTARA News) - The rupiah was Asia's worst-performing currency in 2007 and may struggle again this year if a global slowdown cuts demand for Indonesia's exports, but a healthy economy and an end to official rate cuts may help.
Fri, 04 Jan 2008
Karimun to have container port
Karimun, Riau (ANTARA News) - Karimun District administration in Riau Islands province this year will soon build a container port on a 70-hectare plot of land which is only 25-minute sailing from Singapore and Malaysia.
Thu, 03 Jan 2008
Govt imposes restrictions on foreign retailing companies
no matter how many times I read stuff like this it still astounds me. The only people that suffer when restrictions are imposed is the Indonesian consumerOut of interest how does this effect the buyout of Alfa Mart?
Thu, 03 Jan 2008
Govt imposes restrictions on foreign retailing companies
Jakarta (ANTARA News/Asia Pulse) - A new presidential regulation imposes restrictions on foreign retailing companies allowing them to operate only in hypermarkets to protect Indonesia's local retailing industry.
Thu, 03 Jan 2008
Cooperation with industry players 'key to reaching tourism target'
The Jakarta Post, JakartaIn order to achieve a targeted seven million foreign tourists under this year's Visit Indonesia Year program, the government should intensify cooperations with players in the tourism industry and grab new potential markets, observers said.
Thu, 03 Jan 2008
Indonesia`s CPO exports in November down
Jakarta (ANTARA News) - The Central Bureau of Statistics (BPS) said that Indonesia`s CPO exports in November 2007 dropped drastically by 61 percent compared to that in October 2007."The drop in the CPO exports is caused by the grand harvest season in the September - October period, and probably...
Thu, 03 Jan 2008
Khazanah to merge Bank Niaga, Bank Lippo
Khazanah Nasional Berhad's decision to pursue the option to merge Bank Niaga and Bank Lippo was welcomed by economists who said the move could spark further banking sector mergers.The Malaysia-based Khazanah last week said it had opted for the merger to comply with the central bank's "single...
Thu, 03 Jan 2008
World economic slowdown to have minimum impact on Indonesia
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said the expected slowdown in the world economy`s growth in 2008 would have a minimum impact on Indonesia as its national economy was running on the right track with stronger fundamentals and the country was experienced in surviving global...
Thu, 03 Jan 2008
Govt optimistic mutual fund industry to recover this year
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indarwati has expressed optimism that the country`s mutual fund industry will grow at the same level as in 2004 or at a pre-crisis pace.Foreign confidence in the mutual fund industry in Indonesia was returning, she said here Wednesday.
Wed, 02 Jan 2008
Despite infrastructure, CBD still good property investment
Andhika Suryadharma, AnalystFor the average Indonesian, prices of land in the Jakarta CBD already seem sky-high. However, they are relatively cheap compared to other CBDs in the region, and there is potential yet to be unleashed.
Wed, 02 Jan 2008
Indonesia`s Jasa Marga to start work on three toll roads
Jakarta (ANTARA News/Asia Pulse) - State-owned Indonesian company PT Jasa Marga has set itself the target of starting the physical construction of three toll roads in Java in 2008, a spokesman said."Work on the 4 kilometre Sentul-Kedung Halang section of the Bogor Ring Road will begin in the first...
Wed, 02 Jan 2008
Market Zoning Cannot be Implemented
Wednesday, 02 January, 2008 | 14:56 WIBTEMPO Interactive, Jakarta: The zoning of modern and traditional markets in the regions is already regarded as being proper.The reason for this is that the presidential regulation on markets does not regulate every region with different typology.
Tue, 01 Jan 2008
Visitors Spending More, But Leaving Sooner
(12/29/2007) The authoritative Indonesian Digest prepared by Ibu Wuryastuti Sunario reports: The most recent 2007 Passenger Exit survey conducted among international visitors to Indonesia reveals that, on average, tourists spent US$ 57.89 more per stay this year than was the case in 2006.
Tue, 01 Jan 2008
Despite higher oil prices, economy makes soft landing
Despite the surge in oil prices and lower government spending, the Indonesian economy has managed to make a soft landing this year, with an improvement in most of the country's economic indicators.Finance Minister Sri Mulyani Indrawati said here Saturday that the economy in general had been...
Tue, 01 Jan 2008
Telco regulators need to keep up with changes
With its high population but low telephone penetration rate, Indonesia remains among the most lucrative telecommunications markets in the world.However, the lack of clear regulations has created confusion among operators and the public.
Tue, 01 Jan 2008
Indonesia finance ministry issues incentives to boost oil output
Jakarta (ANTARA News) - Indonesia's Finance Ministry announced new fiscal incentives on Saturday to boost the country's oil production, which is likely to be below thisyear's target.Indonesia is expected to produce 899,000 barrels per day this year, below the target of 950,000 bpd in the 2007...