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Thu, 30 Jun 2011
Construction of Belawan Gas Terminal to Begin in October
TEMPO Interactive, Jakarta:State-owned gas company, PT Perusahaan Gas Negara (PGN), is set to begin its construction of a natural gas recipient terminal in Belawan, North Sumatra. “We are expecting to start by October,” CEO Hendi Prio Santoso said in Jakarta on Monday.
Thu, 30 Jun 2011
Antam Develops Five Projects
TEMPO Interactive, Jakarta:PT Aneka Tambang is developing five projects to anticipate the implementation of Law no. 4/2009 on Mineral and Coal Mining in 2014. Antam CEO Alwin Syah Loebis, said he hoped the project would increase the company’s value and financial performance.
Tue, 28 Jun 2011
Mig33 Expands Further in Indonesia
TEMPO Interactive, Jakarta:The social-networking mobile application, mig33 in Indonesia, is stepping up its position by recruiting a number of senior managers. The additional resources are expected to boost its community growth and explore new demographics.
Tue, 28 Jun 2011
Thousands of tourists visit Pagaralam
Pagaralam, S Sumatra (ANTARA News) - In 2010 some 10,340 tourists visited Pagaralam city, S Sumatera, head of Pagaralam tourism, art and cultural agency H Syafrudin said."Each year tourists come to Pagaralam in increasing number, and up to December last year their number has reached 10,340...
Tue, 28 Jun 2011
Foreign investment to Indonesia to increase: Observer
Jakarta (ANTARA News) - Money market analyst Farial Anwar has predicted that foreign investment in the domestic market would increase in the face of upward trend of the country`s economic growth.He said here on Monday that foreign investors, particularly those from United States and European...
Fri, 24 Jun 2011
China agrees to support Indonesia's economic master plan
From:The Jakarta Post, Jakarta Indonesia and China have agreed on the establishment of a working committee reflecting China's support of Indonesia's 2011-2025 Master Plan for the Acceleration and Expansion of Indonesian Economic Development (MP3EI).
Fri, 24 Jun 2011
Foreign Investment in Indonesia Lags Regional Rivals: Report
From: The Jakarta GlobalBy Muhamad Al AzhariForeign direct investment has shown little growth as a percentage of gross domestic product since 2008 and “continues to underperform that in regional peers,” a leading bank says.DBS Bank research noted that latest figures showed FDI totals 2.
Fri, 24 Jun 2011
Indonesia May Cap Palm Oil Export Tax at 20%: Official
from: The Jakarta GlobeIndonesia, the world’s leading palm oil producer, may cap its maximum edible oil export tax at 20 percent instead of 25 percent, an official at the Industry Ministry said on Thursday.
Thu, 23 Jun 2011
Dubai World May Bail on Bakrieland’s Rasuna Epicentrum Project
From: The Jakarta GlobeBy: Yudith Ho Bakrieland Development, Indonesia’s second-biggest property developer by assets, said its partner Dubai World may pull out of a real estate project in Jakarta and expects a decision within three months.
Thu, 23 Jun 2011
Indonesian Middle Class Grows, Shoe Market Up
VIVAnews – The Indonesian Shoe Manufacturers Association (Aprisindo) stated that national shoe market would keep growing. This is in line with the rise of per capita income and the number of middle-class people in Indonesia.
Thu, 23 Jun 2011
Investment in Housing Growing by 60 Percent
TEMPO Interactive, Jakarta:Developers are accelerating their housing projects to meet a 60 percent increase in demand for re-investment. “Young professionals are the main enthusiasts who are taking advantage of available mortgages,” said Muhammad Reza Makkawaru, the Imperium Mice CEO, yesterday.
Thu, 23 Jun 2011
Suzuki to declare Indonesia production base
JAKARTA, (Xinhua) Japanese automobile and motorcycle manufacturer Suzuki plans to make Indonesia as its regional production base and add investment by over 800 million U.S. dollar, Indonesian Industry Minister MS Hidayat has said.
Thu, 23 Jun 2011
30 Sudan businessmen wish partnership with Indonesia
Cairo (ANTARA News) - Thirty construction businessmen from Sudan are currently in Jakarta to explore cooperation prospects with their Indonesian counterparts.Their visit to Indonesia has also been related to Indobuildtech in Jakarta from June 22 to 26, 2011, the Indonesian embassy in Khartoum said...
Wed, 22 Jun 2011
Japanese Textile Companies to Expand to Indonesia
TEMPO Interactive, Jakarta:At least 20 Japanese textile companies plan to open outlets and build textile factories in Indonesia. “From weaving machines to dipping machines, there are a range of different producers looking at the option,” said Indonesian Textile Association chairman, Ade...
Mon, 20 Jun 2011
Govt to Put into Orders Oil&Gas Contracts
VIVAnews – The government is putting in order several contracts that involve foreign ownership in some projects in Indonesia. The foreign contracts to be organized are inheritance from the past.“The foreign ownerships are attached in very old contracts,” said Coordinating Minister Economy...
Mon, 20 Jun 2011
Investors Alert as Rupiah Falls
TEMPO Interactive, Jakarta:The global stock market collapse of 2008 coupled with huge state debts in Greece and Ireland has led to volatility in the global capital market.The composite stock price index (IHSG) on the Indonesia Stock Exchange (IDX) during yesterday’s trade moved from 53.
Mon, 20 Jun 2011
Some 440,000 foreign tourists expected to visit Borobudur in 2011
Jakarta (ANTARA News) - A total of 440,000 foreign tourists are expected to visit the Borobudur Temple in Central Java in 2011, a temple management official said."The number of foreign tourist arrivals at Borobudur has been quite encouraging lately despite several tragic events such as the...
Fri, 17 Jun 2011
Global entrepreneurship delegation to visit indonesia
Jakarta (ANTARA News) -A Global Entrepreneurship Delegation of 13 leading American entrepreneurs and early-stage investors will visit Indonesia, July 19-24, 2011, the US embassy announced here Thursday.
Thu, 16 Jun 2011
Leading U.S. Entrepreneurs to Visit Indonesia
Jakarta - The U.S. Embassy in Jakarta today announced that a Global Entrepreneurship Delegation of 13 leading American entrepreneurs and early-stage investors will visit Indonesia July 19-24, 2011. The Entrepreneurship Delegation will be led by Mr.
Thu, 16 Jun 2011
EU hopes for increased investment in Indonesia
Jakarta (ANTARA News) - The European Union (UE) hoped a comprehensive economic cooperation with Indonesia under the Comprehensive Economic Partnership Agreement (CEPA) could raise the investment opportunities for European companies in Indonesia.
Wed, 15 Jun 2011
Chevron Bets on $30b Volcanoes in Indonesian Rainforest
Chevron Corp. drilled 84 wells to a depth of two miles beneath the Indonesian rainforest to tap steam, not oil and gas, that’s trapped in the world’s richest store of volcanic energy.The geothermal plant, set among wild orchids and bamboo trees, uses 315 degree Celsius heat to spin turbines 24...
Wed, 15 Jun 2011
Investment opportunities in Indonesia need to be utilized
Jakarta (ANTARA News) - The government, business players, and investors should optimally utilize the wide investment opportunities in Indonesia, director of Quvat Management in Singapore Thomas T. Lembong said here on Sunday.
Wed, 15 Jun 2011
HSBC plans to expand investment in RI
Jakarta (ANTARA News) - HSBC Holdings United Kingdom plans to expand its investment in Indonesia to follow business developments in the country."Indonesia has great potentials to grow," Group Chief Executive of HSBC Holdings United Kingdom Stuart T Gulliver said at the World Economic...
Wed, 15 Jun 2011
Many foreign investors have "bullish" interest in Indonesia
Jakarta (ANTARA News) - Many international investors have a bullish interest in investing in Indonesia, Trade Minister Mari Pangestu said here on Monday."International investors attending the two-day World Economic Forum on East Asia (WEF-EA) in Jakarta from June 12-13, 2011 are showing a...
Wed, 15 Jun 2011
BKPM: Investors in WEF interested in RI
Jakarta (ANTARA News) - The Capital Investment Agency (BKPM) said foreign investors in East Asia World Economic Forum (WEF) in Jakarta from June 12 to 13, 2011, were very interested in Indonesia."Many came to Indonesia to express their interest in making investment in the sectors of tourism,...
Wed, 01 Jun 2011
Indian investor to build railroad track in S Sumatra
Palembang, S Sumatra (ANTARA News) - An Indian investment company has signed a cooperation agreement with the South Sumatra provincial administration for building a 270 kilometers railroad from Tanjung Enim to Lampung.
Wed, 01 Jun 2011
Investors eyeing bio-ethanol potentials in C Kalimantan
Pulang Pisau, C Kalimantan (ANTARA News) - Investors have begun to eye the cassava potentials of Pulang Pisau district of Central Kalimantan province, which could be processed into bio-ethanol energy, a regional official said.
Wed, 01 Jun 2011
Palm Oil King Tops Indonesian Rich-List With $12b Fortune
By S.K. Zainuddin Plantation king Eka Tjipta Widjaja, the patriarch of the Sinar Mas Group, has replaced Budi Hartono as the richest man in the country, according to Globe Asia’s 2011 150 Richest Indonesians list.
Wed, 01 Jun 2011
Accor Indonesia Announces Further Expansion Plans
From: The Jakarta GlobeInternational accommodation chain Accor says it is committed to opening 21 new hotels in Indonesia.Michael Issenberg, chief operating officer of Accor Asia Pacific, told a news conference on Tuesday that it was targeting business travelers and the growing middle-class.
Wed, 01 Jun 2011
Indonesia to Lead Coal Export Growth Through 2020
Indonesia will lead global growth in thermal coal exports in the next decade with producers Bumi Resources and Adaro Energy becoming two of the top three coal exporting companies worldwide by 2015, an energy consultancy firm said on Tuesday.
Wed, 01 Jun 2011
China's CNBM to invest $400 mln in cement, glass in Indonesia-paper
JAKARTA, June 1 (Reuters) - China National Building Material Co Ltd (CNBM) plans to invest $400 million to build a cement factory and glassworks in the next two years in Indonesia's main Java island, a newspaper reported on Wednesday.
Wed, 01 Jun 2011
RI`s 2012 oil production estimated at only 882,140 bpd
Jakarta (ANTARA News) - Indonesia`s crude oil and condensate production in 2012 is estimated to reach only 882,140 barrels per day (bpd), according to data from BP Migas received here on Tuesday.The production estimates from contractors until May 30, 2011 are far below the government`s target of...
Tue, 31 May 2011
China coal imports to double in 2015, India close behind
NUSA DUA, Indonesia (Reuters) - Top coal consumer China should see import demand more than double in the next four years and India will be close behind as both hoover up supplies on international markets to feed rapidly growing power industries, industry executives said on Monday.
Tue, 31 May 2011
BP pledges to boost investment by 10 bln USD in Indonesia
JAKARTA, (Xinhua) British energy giant British Petroleum (BP) has committed to raise investment in Indonesia by more than 10 billion U.S. dollar over the next 10 years, particularly in the massive Tangguh gas project in Papua and coal- bed methane in Kalimantan, a local media reported here on...
Tue, 31 May 2011
S Sumatra earns $491 Mln from on-oil/gas exports
Palembang, S Sumatra (ANTARA News) - South Sumatra`s non-oil/non-gas exports in January 2011 rose to US$491.324 million from US$449.200 million a month earlier on rising global commodity prices.The increase was inseparable from rising prices of the province`s key commodities including crude palm...
Tue, 31 May 2011
Chinese company to invest in plantations
Jakarta (ANTARA News) - A Chinese company, PT Guandong Agribusiness, will invest in plantations in transmigration areas in Indonesia to create jobs for up to 28,000 workers.Indonesian manpower and transmigration minister Muhaimin Iskandar witnessed the signing of a memorandum of understanding for...
Tue, 31 May 2011
E Kalimantan builds three industrial estates
Samarinda, East Kalimantan (ANTARA News)- To build a highly competitive regional economy to raise the welfare of the local population, the East Kalimantan provincial administration is developing three industrial groups prioritizing agricultural and industrial development, and exports.
Fri, 27 May 2011
Province-Owned Company to Export Seaweed to China
TEMPO Interactive, Makassar:The South Sulawesi Provincial Enterprise (Perusda) will establish a new working unit focused on collecting seaweed production for export. The first export will be launched in June, consisting of 100 tons of seaweed to China.“China needs an unlimited amount of seaweed.
Fri, 27 May 2011
ASEAN Officials Discuss Development of Tuna Industry
TEMPO Interactive, Jakarta:For the first time, a number of ASEAN countries will decide on strategic steps to develop the tuna industry. “We will formulate a program covering important aspects of fishery in the international market,” said Victor Nikijuluw , Director General of Fishery Processing...
Fri, 27 May 2011
Obama to attend East Asia Summit in Bali
Denpasar, Bali (ANTARA News) - US President Barack Obama is set to take part in the East Asia Summit Plus 2011 scheduled for November in the resort island of Bali, Governor Made Mangku Pastika said."US President Obama has pledged to attend the meeting of East Asian leaders to be held in...
Fri, 27 May 2011
BKPM: Investment in Indonesia rising
Yogyakarta (ANTARA News) - Investment in Indonesia nationally increased significantly in 2010 compared to the previous year, the Director of Application Service of the Investment Coordinating Board (BKPM), Suhardi, said.
Thu, 26 May 2011
Chinese investors eye infrastructure, energy projects in RI: Govt
By Rangga D. FadhilahUp to 300 Chinese investors have expressed a strong interest in infrastructure and environmentally friendly energy projects in Indonesia, projects that are hoped to accelerate Indonesia's economic growth, the government says.
Thu, 26 May 2011
Korea Aerospace Signs Deal to Sell Trainer Jets to Indonesia
From: The Jakarta GlobeBy Bomi Lim Korea Aerospace Industries Ltd., Korea’s largest plane maker, signed a $400 million deal to sell 16 T-50 trainer jets to Indonesia, marking South Korea’s first export of the aircraft.
Thu, 26 May 2011
US Interested in Brebes Potatoes
TEMPO Interactive, Brebes: Brebes-produced potatoes are consumed in the US and are exported by a Singaporean broker. “This is because there is a trust factor that Indonesian products contain pesticides,” Sodikin, the Brebes Agriculture, Forestry and Plantation Office head in charge of...
Thu, 26 May 2011
7-Eleven Prepares Rp150 Billion for New Outlets
TEMPO Interactive, Jakarta:PT Modern International, which holds the license for 7-Eleven convenience stores, has allocated Rp150 billion to increase the number of 7-Eleven outlets. “The fund will be used to open new outlets and infrastructure development as well as human resources development,”...
Thu, 26 May 2011
S Korea to export T-50 supersonic jets to Indonesia
SEOUL,(Xinhua) -- South Korea has struck a multi- million-dollar deal to export T-50 supersonic trainer jets to Indonesia, state-run aircraft company Korea Aerospace Industries (KAI) said Thursday.The deal to sell 16 supersonic jets worth 400 million U.S.
Thu, 26 May 2011
VP launches workforce exhibition
Jakarta (ANTARA News) - Vice President Boediono launched an international workforce exhibition on marine and fishery sector at his office here on Thursday."In the name of God, I dedicate the launch of international workforce exhibition on marine and fishery sector, and I hope it will be an...
Thu, 26 May 2011
Chinese investors interested in infrastructure projects
Jakarta (ANTARA News) - Chinese investors are so enthusiastic to buildig a number of infrastrucure projects including bridges, toll roads, rainroad trains, ports and airports, and environmentally friendly energy pojects in Indonesia, Indonesian ambassador to China Imron Cotan said.
Wed, 25 May 2011
Samsung Signs Contract to Build Cepu Oil Facilities
By Ririn Radiawati Kusuma |The Indonesian unit of ExxonMobil Corp. has awarded contracts worth more than $780 million to South Korean giant Samsung and its Indonesian partner, Tripatra Engineering, to build facilities at Cepu block, the energy regulator said on Tuesday.
Wed, 25 May 2011
N Korea to Learn from Indonesia on Investment
VIVAnews - North Korea plans to learn more about investment from Indonesia. "The country has been restricted from foreign investors. North Korea is curious about the required processes and phases of investment," said Indonesian Foreign Affairs Minister Marty Natalegawa on Wednesday.