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Fri, 26 Jun 2015
Austrex signs $10 million deal to form end-to-end meat processing company in Indonesia
One of Australia's largest exporters of live cattle has signed a deal, reported to be worth $10 million, with two Indonesian businesses to form an end-to-end meat processing company based in South Sulawesi.
Fri, 26 Jun 2015
Indonesia May Replace Economics Team, Vice President Says
JAKARTA, Indonesia—A cabinet shake-up is coming and could bolster the Indonesian government’s economics team as it struggles to reverse a downturn in Southeast Asia’s largest economy, Vice President Jusuf Kalla said Friday.
Fri, 26 Jun 2015
Finally, a startup that can take the pain out of hiring service providers in Indonesia
In Indonesia, finding a person to fix your leaky roof, install air conditioning units, or solving any typical chores around the house can be a pain. Few of these service providers have an online presence. Your best bet is to keep an eye out for flyers that float onto your porch or fill your mailbox.
Fri, 26 Jun 2015
This island paradise might be Indonesia's best kept secret
For most of its history, Nihiwatu has flown under the radar. Every now and again, the name would crop up when travellers of a certain ilk got together. Surfers knew about it. The wave that is Nihiwatu's raison d'etre saw to that. The best left-hand break in Indonesia was the word.
Thu, 25 Jun 2015
New UN Report Finds Increase in Foreign Investment for Indonesia in 2014
Jakarta. Indonesia ranked 14th globally when it came to measuring the inflow of foreign direct investment last year, climbing five places from 2013, according to a recent report from the United Nations Conference on Trade and Development (UNCTAD).
Thu, 25 Jun 2015
BKPM aims to lure more Japanese, Chinese firms
The Investment Coordinating Board (BKPM) hopes to attract more Japanese and Chinese investors to open factories in the country after others have proven successful in business here. “We fully support investment efforts by both lots of investors as their industries are labor-intensive ones that...
Thu, 25 Jun 2015
Japan contributes to ASEAN, India in retail, railway
AEON Mall, a subsidiary of Japan's largest retailer AEON Group, recently launched its first shopping mall in Indonesia. The massive facility is developed and operated by AMSL, in partnership with AEON and the local real estate giant, Sinar Mas Land.
Thu, 25 Jun 2015
Indonesia’s Jokowi presidency is becoming a desperate mess
The urgent, as they say, is too often the enemy of the important. We are rightly concerned with a bevy of foreign issues, many of them genuine crises — terrorism in the Middle East and at home, China’s territorial assertiveness in the South China Sea, Barack Obama’s likely sellout to Iran in...
Thu, 25 Jun 2015
Indonesia risks own goal as rupiah-only rule lifts company costs
[JAKARTA] For Indonesian drug maker PT Kalbe Farma, a ban on using currencies other than the rupiah for local transactions is coming at the worst possible time. Bank Indonesia will prohibit an estimated US$12 billion a day of such trades between domestic parties from July 1.
Wed, 24 Jun 2015
This new Indonesian startup is a cross between Uber and Avis
Renting vehicles is common practice in Indonesia’s holiday destinations like Bali, where sightseeing is a main draw and mobility is necessary. However, one doesn’t often hear of folks renting cars in megacities like Jakarta, as most of the time they just hop into one of the many taxis swarming...
Wed, 24 Jun 2015
Indonesia police launch Uber investigation
Police in Jakarta have launched an investigation into Uber after local taxi companies filed a complaint against the ride-hailing app in the latest regulatory battles to blight the company’s expansion plans in Asia.
Wed, 24 Jun 2015
Four countries keen to invest in Indonesia's shipping sector
Jakarta (ANTARA News) - The Indonesian Investment Coordinating Board (BKPM) revealed that between October 2014 and May 2015 period, Japan, South Korea, China, and Australia have expressed keen interest to invest in Indonesia's shipping sector.
Wed, 24 Jun 2015
Investors lose patience for Indonesia’s infrastructure buildout
Have Indonesia’s construction stocks lost their lustre? For the past two years, many of the country’s listed construction companies — often referred to as “the Karyas” or “the Works” — have soared on a seemingly endless bull run.
Wed, 24 Jun 2015
Investors calm over weak rupiah: BKPM
Investment Coordinating Board (BKPM) chairman Franky Sibarani has said the weakening of the rupiah, which has recently been above Rp 13,000 per US dollar, poses no significant problems for investors. “At meetings, we ask [investors] what they think about the rupiah exchange rate, which stands at...
Wed, 24 Jun 2015
Indonesia hopes tax amnesty will lure back capital
Indonesia hopes to bring billions of dollars in financial assets parked overseas back home - by pardoning past financial crimes. A Bill on tax amnesty is expected to be discussed in Parliament this year, said Finance Minister Bambang Brodjonegoro.
Tue, 23 Jun 2015
Indonesian ecommerce enabler Paraplou Group diversifies. Is it stretching itself too thin?
If you follow Indonesian ecommerce, there’s a decent chance you’ve heard the name Vela Asia. Until recently, the company referred to itself as a fashion ecommerce enabler, providing website-building, logistics, digital marketing, and other services. Last February, it successfully bagged US$1.
Tue, 23 Jun 2015
Securing Indonesia’s Energy Future
As Indonesia remains one of the fastest developing countries in the world, it is becoming increasingly difficult to meet its future energy needs. Analysts note that rising energy consumption follows an increase in GDP, which is exactly what Indonesia is experiencing.
Tue, 23 Jun 2015
Indonesia Seeks to Mend Fences With Wary Investors in Resources
Jakarta. Nationalistic policies imposed by Indonesia’s previous administration — including a ban on unprocessed mineral exports — threw the resources sector into turmoil last year. Now, there are signs under President Joko Widodo that the government is trying to mend fences with wary...
Tue, 23 Jun 2015
Malaysia,Indonesia record total trade of RM13.9b in Q1 2015
KUCHING: Malaysia and Indonesia recorded total trade amounting to RM13.98 billion in the first quarter of this year, said Indonesian Consul General to Sarawak, Jahar Gultom. He said of the total amount, the oil and gas sector accounted for RM2.
Tue, 23 Jun 2015
Govt revises down GDP growth forecast
The government has revised the country’s economic growth projection in the 2016 state budget, indicative of macro assumptions, to between 5.5 and 6 percent from between 5.8 and 6.2 percent previously.
Tue, 23 Jun 2015
Jokowi and the mysticism of Indonesian politics
The Jewish communities across Europe were outraged when in 1666 Sabbatai Zevi — a rabbi hailed as the messiah — converted to Islam instead of facing death, following his arrest by the Ottoman authorities in Istanbul.
Mon, 22 Jun 2015
Rothschild to sell out of ARMS as Asian bidder closes in on deal
LONDON June 8 (Reuters) - Financier Nathaniel Rothschild will abandon his troubled investment in Indonesia's coal industry, he said on Monday, agreeing to sell his stake in Asia Resource Minerals (ARMS) after securing an improved offer from an Asian bidder.
Mon, 22 Jun 2015
Transjakarta to Be Integrated with Go-Jek through Go Busway
The plan of integrating Go-Jek and Transjakarta, which DKI Jakarta’s Governor Basuki Tjahaja Purnama always dreams of, will soon be materialized. PT Transjakarta’s Main Director Antonius Kosasih stated that there’ll be a new app called Go Busway which is installed in Go-Jek app which...
Mon, 22 Jun 2015
Eight ministries responsible for long dwelling time: Pelindo
Jakarta (ANTARA News) - President Director of PT Pelindo II R. J. Lino said here on Monday that dwelling time at Tanjung Priok Port was long because the eight ministries involved in the activities were not interconnected yet. "It is not Pelindos fault.
Mon, 22 Jun 2015
Global Investors Bullish on Indonesian FinTech StartUps
Indonesian FinTech startups have attracted global venture capital giants, such as the Japan-based venture capital firm CyberAgent Ventures. Earlier this month, the firm announced that more than half of their new US$50 million fund will be dedicated to Indonesian startups.
Mon, 22 Jun 2015
Rising unemployment piles up problems for Indonesian president
JAKARTA (Reuters) - Indonesian companies are shedding jobs as they grapple with the weakest economic growth in six years, adding to the troubles facing President Joko Widodo, who was elected last year on pledges to dig the country out of a rut.
Fri, 19 Jun 2015
Missing motorbikes point to Indonesian demand hole
Indonesia’s missing motorcycles point to a deepening demand hole in Southeast Asia’s biggest economy. What’s more worrying for investors is that President Joko Widodo has so far done little to fill it.
Wed, 17 Jun 2015
Between Two Giants: Indonesia's Economy in the Balance
President Joko Widodo must navigate the economic demands of rival regional partnerships alongside finding the best outcome for Indonesia. (EPA Photo/Rungroj Yongrit) Jakarta. Indonesia has found itself positioned between two economic frameworks, facing a choice that could shape the future of the...
Tue, 16 Jun 2015
BKPM Chief: DeBottlenecking a Pressing Issue for Setting Up Businesses in Indonesia
Jakarta. “De-bottlenecking” processes and securing work permits for foreign workers are pressing issues for Indonesia in helping companies to set up their businesses in the country, the nation’s investment chief says.
Tue, 05 May 2015
Indonesian Economy Shrinks a Second Quarter; Rupiah Declines
Indonesia’s economy unexpectedly shrank for a second straight quarter as exports and government spending dropped, underscoring the challenge for President Joko Widodo as he seeks to reinvigorate growth. The rupiah fell. Gross domestic product contracted 0.
Tue, 28 Apr 2015
Investment in Indonesia Climbs to Record in Filip for Widodo
Investment in Indonesia climbed to a record in the first full quarter since Joko Widodo became president, providing a boost to the leader’s goal of revitalizing Southeast Asia’s biggest economy. Total investment rose 16.9 percent to a quarterly record of 124.6 trillion rupiah ($9.
Wed, 18 Feb 2015
Canadian Govt. Explores Cooperation in Infrastructure Projects
TEMPO Interactive, Makassar, South Sulawesi:The Canadian government is exploring the possibility of cooperating with the South Sulawesi administration. "We heard about plans to build infrastructure in South Sulawesi.