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Fri, 26 Mar 2010
Expatriate workers restricted under CAFTA
Semarang (ANTARA News) - The Ministry of Manpower and Transmigration will restrict the employment of expatriates in Indonesia in relation to the implementation of the China-ASEAN Free Trade Agreement (CAFTA) as of January 1, 2010.
Thu, 25 Mar 2010
VP says RI needs infrastructure development without delay
Looking forward: Vice President Boedion delivers a speech at the Indonesia Summit, an economic discussion hosted by Economist Conferences, in Jakarta on Thursday. Boediono stressed the need to add and upgrade infrastructure "without delay" to accelerate growth to 7 percent...
Thu, 25 Mar 2010
P says RI needs infrastructure development without delay
Looking forward: Vice President Boedion delivers a speech at the Indonesia Summit, an economic discussion hosted by Economist Conferences, in Jakarta on Thursday. Boediono stressed the need to add and upgrade infrastructure "without delay" to accelerate growth to 7 percent...
Thu, 25 Mar 2010
RI needs $100b from private sector, BKPM says
Indonesia has to raise about US$100 billion in private investment in the 2010-2014 period to develop infrastructure projects required to reach a 7 percent growth annually, the Investment Coordinating Board (BKPM) says.
Thu, 25 Mar 2010
VP outlines Indonesia`s investment policy
Jakarta (ANTARA News) - Vice President Boediono outlined Indonesia`s policy priorities and vision to the world in his opening remarks in the 2010 Indonesia Summit, here, Thursday.The Vice President stated that he was not satisfied with Indonesian performance in the world despite the fact that...
Thu, 25 Mar 2010
Liquor free from luxury sales tax starting April 1
Quoting: KuKuKaChuAnd as our economy has become intensively globalized and our country more popular as a tourist destination, we will inevitably be the host to a rising number of foreigners. Exactly. "Visit Indonesia Year 2010 and Have A Nice Glass of Ribena".
Thu, 25 Mar 2010
Indonesia ‘has become a good place for investment’
Foreign direct investment is flowing into Indonesia, now considered an attractive investment destination, says a senior economist.The Economic Intelligence Unit (EIU) Corporate Network Director Ross O’Brien said in Jakartaon Wednesday that a lot of investment that was held back during the recent...
Thu, 25 Mar 2010
Liquor free from luxury sales tax starting April 1
Freeing the liquor tradeThe Jakarta Post | EditorialThe policy measures taken by Finance Minister Sri Mulyani Indrawati and Trade Minister Mari Pangestu in the importation, distribution and levying of alcohol drinks are greatly sensible, making the country more hospitable to foreigners.
Thu, 25 Mar 2010
Thailand Eyes New Autopart Plants in Java: Investment Board
TEMPO Interactive, Jakarta: Thailand businesses expressed their interests in setting up autoparts plants in Java in the near future, the Investment Coordinating Board said on Wednesday (24/3).Head of the agency Gita Wirjawan told a press conference in Jakarta said “They are keen in building car...
Thu, 25 Mar 2010
Cargill considers dropping palm oil supplier
Greenpeace Urges Nestle Cut All Sinar Mas ConnectionsTEMPO Interactive, Jakarta: Greenpeace Southeast Asia said that contract cancellation with one of Indonesia’s largest palm oil producer Sinar Mas is not enough and the food producer have to cut itschain supply related to Sinar Mas.
Thu, 25 Mar 2010
Cargill considers dropping palm oil supplier
Cargill, the world’s largest trader of agricultural commodities, has become the third company to reconsider its relationship with a top Indonesian palm oil supplier over allegations it is tearing down protected forests to make way for plantations.
Thu, 25 Mar 2010
Liquor free from luxury sales tax starting April 1
Indonesia's Tax Hike on Alcohol ‘to Fuel Black Market’by Irvan TisnabudiIndonesia is likely to see higher prices for alcoholic beverages and more black market trading as a result of the government’s decision to effectively replace the luxury tax on alcohol with a higher rate of excise tax,...
Thu, 25 Mar 2010
Indonesian Internet Penetration Expected to Skyrocket
Indonesia’s online population grows 49 percent annually As more Indonesians come online, the communications influence of the world’s fourth-largest population increasingly will be felt.Washington - Indonesia is “on the brink of a major electronic revolution,” says one of the country’s...
Thu, 25 Mar 2010
Panasonic to relocate overseas factories to Indonesia
Japanese electronics manufacturer Panasonic Corporation plans to relocate factories in Japan and Vietnam to Indonesia sometime this year, the Investment Coordinating Board (BKPM) said Wednesday.Panasonic will build factories outside Java island, with an estimated investment between US$40-45...
Wed, 24 Mar 2010
Liquor free from luxury sales tax starting April 1
Quoting: KuKuKaChuHe added that because the issue was related to health, consumption should be limited, as with cigarettes. The tax on cigarettes is increased by 10 percent to 30 percent yearly.What a load of shite!! They are still miles cheaper than anywhere else in the world and almost all...
Wed, 24 Mar 2010
Shoe makers expect hefty increase in exports this year
A big increase in exports is expected for Indonesian footwear firms this year, with a projected surge in orders from EU and non-traditional markets, a shoe producers’ association spokesman has said.Indonesian Footwear Industry Association (Aprisindo) secretary-general Binsar Marpaung said...
Wed, 24 Mar 2010
Even Indonesian Sigmunds a Western Capitalist Conspiracy
Quoting: Om PongEka Ginanjar, an internist from Cipto Mangunkusumo Hospital, said Western-style toilets were more unnatural than traditional conveyances because they caused more pressure to the rectal area. I hear this repeated every few years. all I can say is "crap".it just aint true.
Wed, 24 Mar 2010
Even Indonesian Sigmunds a Western Capitalist Conspiracy
Indonesian Hemorrhoid Increase Blamed on Western ToiletsThe recent development of using sitting toilets rather than squat commodes was increasing the incidence of hemorrhoids among Indonesians, a doctor said on Tuesday.
Wed, 24 Mar 2010
Liquor free from luxury sales tax starting April 1
the jezabel! we've been betrayed!!Cheers to Jeers: Indonesia Trades One Alcohol Tax for Anotherby Irvan TisnabudiJust over a week after the country’s producers of alcoholic beverages applauded the government’s move to scrap the luxury tax on their products from April, they are now indignant...
Wed, 24 Mar 2010
Indonesia, Hong Kong sign double-taxation avoidance accord
From TempoIndonesia Signs Tax reduction Deal With Hong KongTEMPO Interactive, Jakarta: Indonesian government and China's Special Administrative Region Hong Kong have signed a tax agreement in Jakarta on Tuesday (23/3), which would cut taxes on revenue from investments by up to 15 percent.
Wed, 24 Mar 2010
Indonesia textile exports expected to grow 12 pct
Jakarta (ANTARA News) - Indonesia expects its textile and textile product exports to rise by 12 percent to between US$10.5 billion and US$10.6 billion this year after dropping by eight percent last year.
Wed, 24 Mar 2010
Indonesia, Hong Kong sign double-taxation avoidance accord
Jakarta (ANTARA News) - Indonesia and Hong Kong signed an agreement on avoidance of double taxation (P3B) here on Tuesday to provide fiscal certainty and stability.The agreement was signed by Indonesia`s Finance Minister Sri Mulyani and the finance secretary of China`s Hong Kong Special...
Tue, 23 Mar 2010
Five oil palm plantation, industries production worth Rp953.2 billion
Jakarta (ANTARA News) -- The Capital Investment Coordinating Agency (BKPM) said five companies which in the January-February 2010 period have made an investment in oil palm plantations and palm oil industry are ready for production worth Rp953.2 billion.
Tue, 23 Mar 2010
World Bank Helps Indonesia Increase Geothermal Energy
The World Bank has announced $400 million to help double Indonesia's geothermal energy capacity, part of a broad effort at the bank to ramp up climate change spending in the developing world.Indonesian leaders estimate the country has about 28,100 megawatts of geothermal capacity -- the equivalent...
Tue, 23 Mar 2010
Indonesia: An expanding market for insurance companies
Having weathered the impact of the international financial crisis, the insurance industry expects steady growth in 2010. However, the landscape is shifting more quickly as some players look to boost their presence in the undervalued market, liberalization takes effect and the emergent Islamic...
Tue, 23 Mar 2010
Govt expects to remove electricity subsidy by 2014
The government expects to remove the electricity subsidy completely by as early as 2014 so that it will have more funds available to fight poverty and improve healthcare directly for the poor, a minister has said..
Tue, 23 Mar 2010
Economic Growth Target of 6.3 Percent in 2011
TEMPO Interactive, Jakarta:The government has made 2011 as the year of economic growth acceleration.In that year, economic growth is predicted to reach between 6 and 6.3 percent of gross domestic product, an increase compared to the 2010 targetof around 5.5 percent.
Tue, 23 Mar 2010
Tourism to grow by six percent
Jakarta (ANTARA News) - The United Nations-World Tourism Organization (UN-WTO) has predicted that the tourism sector in Indonesia this year would grow by six percent."According UN-WTO Secretary General Thaleb Rifai, the Indonesian tourism sector would grow by six percent or three points above...
Tue, 23 Mar 2010
Tourism to grow by six percent
Jakarta (ANTARA News) - The United Nations-World Tourism Organization (UN-WTO) has predicted that the tourism sector in Indonesia this year would grow by six percent."According UN-WTO Secretary General Thaleb Rifai, the Indonesian tourism sector would grow by six percent or three points above...
Tue, 23 Mar 2010
RI seen as conducive place for investment : minister
Jakarta (ANTARA News) - Chief Economic Minister Hatta Rajasa said Indonesia is still considered conducive for investment by foreign investors."Foreign investors still regard Indonesia as a conducive place for investment in portfolio, real sector as well as manufacturing.
Tue, 23 Mar 2010
Duty-free facility for imported electronic components
Jakarta (ANTARA News) - The government is providing a duty-free facility for imported goods and materials for the production of electronic components this year.To improve the competitive edge of the domestic electronic component industry the government had set a budget ceiling of Rp150 billion to...
Tue, 23 Mar 2010
Five oil palm plantation, industries production worth Rp953.2 billion
Jakarta (ANTARA News) -- The Capital Investment Coordinating Agency (BKPM) said five companies which in the January-February 2010 period have made an investment in oil palm plantations and palm oil industry are ready for production worth Rp953.2 billion.
Mon, 22 Mar 2010
US-RI partnership likely be signed despite Obama absence
Jakarta will look into the possibility of signing a cooperation agreement with the US before a state visit by President Barack Obama to Indonesia in June following the postponement of his Asia trip, the foreign minister said Friday.
Mon, 22 Mar 2010
US investment unaffected by Obama’s delayed trip to RI
The government has expressed guarded optimism that United States investment in the country will not be affected by a delay of US President Barack Obama's visit to Indonesia.Coordinating Minister for the Economy Hatta Rajasa told Antara on Friday American private companies had so far shown...
Mon, 22 Mar 2010
Foreign tourists stay shorter in Bali
Foreign tourists stayed in Bali for an average 8.75 days each last year, down from 13.6 days each in the previous year, an official says.As consequence of the shorter stay, each foreign tourist spent only US$136.
Mon, 22 Mar 2010
BKPM chief backs down, telecom towers remain closed
After a few months of uncertainty, the government finally indicated Thursday that investment in telecommunication towers would remain closed to foreign investors.Investment Coordinating Board (BKPM) chairman Gita Wirjawan, who initially floated the government’s initial plan to open the sector to...
Mon, 22 Mar 2010
Why is subsidy reform so necessary?
If the government wants to help lower long-term interest rates,energy subsidy reforms must continue.Recently, the government proposed a 15 percent electricity tariff hike, scheduled for July, in its revision of the 2010 fiscal budget.
Mon, 22 Mar 2010
Fast rise in rupiah will not hurt exports: Govt
The fast appreciation of the rupiah against the US greenback has sparked concern among exporters that this may cause Indonesian goods to become more expensive and undermine exports.But the government is playing down this concern.
Mon, 22 Mar 2010
Indonesia Not Expecting Much from US Investments
TEMPO Interactive, Jakarta:The Investment Coordinating Board (BKPM) chairman, Gita Wirjawan confirmed that US President Barack Hussein Obama’s visit to Indonesia next week would have brought a positive signal for Indonesia’s investment development.
Mon, 22 Mar 2010
Retailers Not to Worry about AC-FTA
TEMPO Interactive, Jakarta:The Head of Indonesia’s Retailers Association, Benjamin J. Mailool, has said that he is not worried about the impact of the ASEAN-China Free Trade Agreement (AC-FTA).“Not many of them (Chinese imported products) are in our segmentation,” he said, on Thursday (18/3).
Mon, 22 Mar 2010
Gita Wirjawan Acknowledges the Indonesian Investment Exodus from China
TEMPO Interactive, Jakarta:The Chairperson of the Investment Coordinating Board (BKPM), Gita Wirjawan, has acknowledged that there is an exodus of Indonesian entrepreneurs who have invested in China.They produced goods in China to be exported to Indonesia.“There is an indication of this.
Mon, 22 Mar 2010
Indonesia can use demographic dividend to boost economic growth
Bekasi (ANTARA News) - Vice President Budiono said that Indonesia must be able to make use of the current transitional demographic dividend to generate its economic growth."If the country does not make use of its demographic dividend it will miss the momentum and fail to take advantage of...
Mon, 22 Mar 2010
RI economy facing investment challenges
Jakarta (ANTARA News) - The most important challenge Indonesia is facing now in its efforts to improve its economy and generate its economic growth is how to increase investment, economist of Citigrup Johanna Chua said.
Mon, 22 Mar 2010
`Land with one million cows program` should have tangible result
Mataram, (ANTARA News) - The "Land with One Million Cows Program" (BSS) in West Nusa Tenggara (NTB) should have a tangible result at the end of this year, an official said."Such a program has been calculated in its funds and the number of cow population, and therefore it should have...
Mon, 22 Mar 2010
Sleman batik clothes promoted in intl markets
Sleman, C Java (ANTARA News) - Batik clothes produced in Sleman district, Yogyakarta special province were promoted in international markets among others in some of the former Soviet Union states, Japan, United States and in South East Asia.
Mon, 22 Mar 2010
Palm Oil Group ‘Plans to Boycott Nestle’
Palm oil farmers in at least 20 provinces are prepared to boycott Nestle products if the company honors its commitment to stop buying crude palm oil from PT Sinar Mas, an industry association said.“About 10 million oil palm farmers in 20 Indonesian provinces have stated their readiness to boycott...
Mon, 22 Mar 2010
Indonesia Offers a Broader Welcome to Foreign Investors
Indonesia plans to unlock more sectors of its economy to overseas investors, including health care, agriculture and creative industries, but will not allow foreign investment in telecommunication towers, the head of the country’s Investment Coordinating Board said on Friday.
Thu, 18 Mar 2010
Four Australian investors to invest US$1 bln in Indonesia
Jakarta (ANTARA News/Asia Pulse) - Four Australian companies plan to invest a combined total of more than US$1 billion in Indonesia this year, an official said. Mining and construction company Thiess, which already has a stake in the mining sector, would take part in the Trans-Java toll road...
Thu, 18 Mar 2010
US Eyes Indonesia's 'Vast' Market for Green Technology
The United States sees vast potential to expand trade with Indonesia but Jakarta needs to undertake economic reforms, a top official said ahead of President Barack Obama's visit next week.Commerce Secretary Gary Locke said Wednesday the administration saw major opportunities in the energy sector as...