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Thu, 28 Jan 2010
Investment in Toll Roads the Most Expensive
TEMPO Interactive, Jakarta:Recapital Securities Research Division chief, Poltak Hotradero is of the opinion that toll road infrastructure is the most expensive investment in Indonesia. The highest cost must be spent on land release.
Thu, 28 Jan 2010
Shoe Factory in China Moves to Indonesia
TEMPO Interactive, Tangerang:Trade Minister Mari Elka Pangestu said there seems to be a tendency for shoe manufacturers in China to relocate to Indonesia. The strengthening Chinese yuan can be one reason for this, along with the increasing cost of manpower and its regulations in China.
Thu, 28 Jan 2010
Foreign Property Ownership to be Extended to 70 Years
Thursday, 28 January, 2010 | 15:16 WIBTEMPO Interactive, Jakarta:Foreign property ownership will be extended from 25 years to 70 years. “The regulations formulation is completed. It only waits for the Housing Minister stamp,” said Lucy Rumantir, Jones Lang LaSalle Indonesia Chairman, in a press...
Thu, 28 Jan 2010
Lombok Deal With Emaar Expires, says Indonesia
Officials Throw Lombok Project A Final Lifelineby Janeman LatulLocal and central government officials are mounting a last-ditch attempt to salvage a giant resort plan for Lombok that all but collapsed earlier this month.
Thu, 28 Jan 2010
Investment falls, as reforms incomplete
Foreign direct investment, which makes up the bulk of direct investments each year, fell 27.2 percent in value last year as total cumulative investment only stood at Rp 97.38 trillion (US$10.82 billion) by the end of December.
Thu, 28 Jan 2010
ASEAN-US Business Council Seek More Support From Indonesia
TEMPO Interactive, Jakarta: Representatives for US businesses have approached Indonesian government to persuade the government to produce more supportive investment policies in different field of business before deciding larger investments in the Indonesia.
Wed, 27 Jan 2010
Finance ministry expects upgraded rating to attract investment
Jakarta (ANTARA News) - The Finance Ministry expects Indonesia`s upgraded credit rating from BB to BB+ to encourage more foreign investment inflows to the country."It is expected the upgraded credit rating will not only make the cost of borrowing more efficient but also encourage more foreign...
Wed, 27 Jan 2010
Govt should intensify domestic market protection: Apindo
Jakarta (ANTARA News) - The government must intensify domestic market protection because renegotiations of the ASEAN-China Free Trade Agreement (ACFTA) cannot be counted on, a business community spokesman said.
Wed, 27 Jan 2010
Minister to propose verification for seven kinds of imports
Jakarta (ANTARA News) - To protect domestic industries from the impact of free trade, Industry Minister MS Hidayat is to propose compulsory verification for seven kinds of imported goods.He said here Tuesday, the seven kinds of goods are cosmetics, ceramics, steel, energy-efficient lamps, cell...
Wed, 27 Jan 2010
Indonesia cuts capacity of planned geothermal plants
JAKARTA (Reuters) - Indonesia has cut the planned capacity of geothermal power plants it will start building this year by 18 percent to 3,900 megawatts (MW), an official at the mines and energy ministry said on Tuesday.
Wed, 27 Jan 2010
Indonesia to kick off $1 bln green investment fund
JAKARTA, Jan 26 (Reuters) - Indonesia plans a $1 billion green investment fund this year to drive infrastructure developments that aid growth and help cut greenhouse gas emissions, a finance ministry official said on Tuesday.
Wed, 27 Jan 2010
CVC leads foreign investment in Indonesia with deal for store chain
CVC Capital Partners has struck a Rp7,200bn ($770m) deal to acquire Indonesia's leading department store chain, in the strongest sign to date of increasing foreign investor interest in the country.Pending regulatory approval, the buy-out group will gain control of Jakarta-listed Matahari Department...
Wed, 27 Jan 2010
ACFTA creates export opportunities, says President
President Susilo Bambang Yudhoyono said the free trade agreement between ASEAN and China (ACFTA) would not threaten Indonesia’s industries, but create opportunities for local businesses to export more goods.
Wed, 27 Jan 2010
No Amdal, no coal mining in Kalimantan: Ministry
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not have environmental impact analysis documents (Amdal).The State Environment Ministry said it would use its new authority, as stated in the 2009...
Wed, 27 Jan 2010
Indonesia’s tourism — a national tragedy
I'm pretty sure there is no surfing in Raja Ampat ... I think they might mean diving. Correct me if I'm wrong! Raja Ampat is an unreal place
Mon, 25 Jan 2010
Haggling Over Paddies a Roadblock to Infrastructure Development
The unfinished six-lane highway ends a five-minute walk from Nur Salim’s rice paddy in Java. The road, part of a commercial artery through the world’s most-populated island, is stalled because the farmer wants more money for a plot the size of a tennis court.
Mon, 25 Jan 2010
Government issues new double taxation regulation
The government has introduced a new set of regulations regarding double taxation agreements (DTA), aimed at tackling misuse of such agreements.The Directorate General of Taxation has made changes to the regulations and administrative procedures for taxpayers who apply for double taxation.
Mon, 25 Jan 2010
Indonesia to host world food exposition next week
The Indonesian Chamber of Commerce and Industry (Kadin) is gearing up to host an international conference and exhibition on food, aimed at introducing domestic producers to the global market.President Susilo Bambang Yudhoyono will launch the two-day "Feed the World" event on Jan.
Mon, 25 Jan 2010
Ten Thousand Dairy Cows to be Imported for Milk Production
Ten Thousand Dairy Cows to be Imported for Milk ProductionMonday, 25 January, 2010 | 12:44 WIBTEMPO Interactive, Jakarta:The Indonesian Cattle Breeders Association chairman, Teguh Boediyana, said to meet the national demand for milk, at least 10.000 dairy cows must be imported every year.
Mon, 25 Jan 2010
Indonesia Vows To Protect Domestic Market
Minister Mari Elka Pangestu said over the weekend that a postponement of the implementation of the Asean-China Free Trade Agreement was not an option and that Indonesia must rely on other methods to protect its domestic market and limit damage to its companies and workers.
Sun, 24 Jan 2010
Indonesia’s tourism — a national tragedy
"Both during the quick-win and long-term phases, the tourism recovery effort has to be supported by appropriately directed promotional campaigns with a common national branding. Malaysia has its “Truly Asia”, India its “Incredible” claim while Singapore and Thailand have respectively...
Fri, 22 Jan 2010
Free trade threatens national resilience
Quoting: biznews["It is feared to create unemployment and systemically damage national resilience in a new form, namely economic warfare," He should know, it's a war that was waged on Indonesia's poorest for 30 years by his party.
Fri, 22 Jan 2010
ASEAN-China Free Trade Market Still On, President Says
TEMPO Interactive, Jakarta:President Susilo Bambang Yudhoyono has said the government is still maintaining its commitment in carrying out the ASEAN-China Free Trade agreement.“Indonesia does not want to be seen as not complying with what has already been formulated by ASEAN members,” Yudhoyono...
Fri, 22 Jan 2010
Free trade threatens national resilience
golkar rentiers crawl out from the woodwork...
Fri, 22 Jan 2010
Free trade threatens national resilience
Jakarta (ANTARA News) - Implementation of the Asean-China Free Trade Agreement (ACFTA) will pose a serious threat to the national economic foundation and resilience.Member of Golkar Party faction at the House of Representative`s (DPR) Commission-I Fayakhun Andriadi said here on Friday that if ACFA...
Fri, 22 Jan 2010
West Sulawesi Touted as FDI Target
West Sulawesi could attract up to $1 billion in foreign direct investment this year, Investment Coordinating Board chairman Gita Wirjawan said during a visit to the province on Thursday.Gita said West Sulawesi’s agricultural and fisheries resources, as well as its oil reserves and potential as a...
Fri, 22 Jan 2010
ASEAN-China FTA: Lessons to learn for policy makers
Ever since the ASEAN-China Free Trade Agreement was implemented, concerns have risen over the readiness of Indonesia’s industries to compete with China’s labor and products.Most industries were worried that, without protective measures, their goods would be replaced in the Indonesian market by...
Thu, 21 Jan 2010
Indonesia’s tourism — a national tragedy
Quote:Bunaken averaged only about 10,000 foreign visitors a year for as long as one can remember, versus more than 4 million for the similar Pattaya in Thailand.I hear Pattaya's very popular with the muffdiving crowd.
Thu, 21 Jan 2010
Indonesia’s tourism — a national tragedy
Quoting: biznews - often the wrong types who cannot appreciate the unique local culture and natural environment -
Thu, 21 Jan 2010
Indonesia’s tourism — a national tragedy
Government officials at all levels claim that Indonesia’s tourism is doing well, with each year seeing robust advancements. On the contrary, however, all the data indicate how dismally Indonesia’s tourism has done this past decade.
Thu, 21 Jan 2010
China’s Investment Increases after Free Trade
TEMPO Interactive, Jakarta:Investments made by China in Indonesia have increased following the implementation of the ASEAN-China Free Trade Agreement (FTA) earlier this year.“The average investment has been US$ 50 million per year from 2005 until 2009," said Industry Minister M.S. Hidayat.
Thu, 21 Jan 2010
Foreign Investors to Rise Agriculture Investments in Papua
TEMPO Interactive, Jakarta: The Agriculture Department said more foreign and domestic investors are interested to food and agriculture potentials of Papua and China, Saudi Arabia, and Singapore are venturing opportunities to invest in food estate projects in the island.
Thu, 21 Jan 2010
Mining Groups May Seek Judicial Review of 2009 Law
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are unable to reach a solution with the government.The law’s implementing decree seeks to limit the work that mining companies can outsource to companies not...
Wed, 20 Jan 2010
Indonesia's finance minister may go by Feb: report
well, i guess the jakarta post figured it was no longer a story. despite the fact that the issue spread worldwide in nearly every major media outlet and news service on the basis of the story that was planted in their own paper.
Wed, 20 Jan 2010
Indonesia's finance minister may go by Feb: report
Jakarta Post versionYudhoyono fumes over political deal speculationErwida Maulia , The Jakarta Post , Jakarta | Tue, 01/19/2010 10:26 PM | NationalPresident Susilo Bambang Yudhoyono on Tuesday angrily struck out at media reports of his alleged plan to replace Finance Minister Sri Mulyani Indrawati...
Wed, 20 Jan 2010
Indonesia's finance minister may go by Feb: report
Jakarta Globe's versionYudhoyono Slams Report as ‘Fiction’Sri Mulyani Indrawati’s job seemed more secure on Tuesday after an angry President Susilo Bambang Yudhoyono lashed out against a newspaper article reporting a supposed deal that would see the Finance Minister replaced by the end of...
Wed, 20 Jan 2010
National Board for Special Economic Zones to be Formed
TEMPO Interactive, Jakarta:The Coordinating Ministry for the Economy’s secretary, Edi Abdurrahman, has said that the government will form a Special Economic Zone (KEK) National Board.The establishment of the board will be regulated in a government regulation.
Wed, 20 Jan 2010
Government Looking to Restrict Surge of Imported Fruit
Government Looking to Restrict Surge of Imported Fruit
Wed, 20 Jan 2010
Government Looking to Restrict Surge of Imported Fruit
The Ministry of Agriculture plans to impose a new national standard on imported horticultural products in 2012 to stem the tide of low-quality fruits, vegetables and plants.“Hopefully it can reduce the import volume of the fruits entering the country, since only the high-quality fruits will be...
Wed, 20 Jan 2010
Indonesians Growing in Financial Confidence
Indonesians are far more confident about their personal finances than other Asian consumers, a survey by credit card company Visa has revealed.However, people are still spending cautiously and planning to save more because of the rising cost of living.
Wed, 20 Jan 2010
Incentives mulled for industries affected by ACFTA
Government may provide incentives if needed for industries negatively affected by full implementation of the free trade agreement between ASEAN countries and China (ACFTA), Finance Minister Sri Mulyani Indrawati said Tuesday.
Wed, 20 Jan 2010
Transfer pricing practice in Indonesia
Robertus Winarto, Jakarta Indonesia marks a significant development in the transfer pricing area this year. For the first time, companies engaged in related party (controlled) transactions are required to maintain transfer pricing (TP) documentation.
Wed, 20 Jan 2010
HSBC employs expatriates illegally: Sources
London-based HSBC Group, which are in the process of acquiring a majority stake in publicly listed Bank Ekonomi Raharja, has illegally employed expatriates, raising unrest among the bank’s local employees, according to sources.
Wed, 20 Jan 2010
Govt to give early warnings if imports rise
Jakarta (ANTARA News) - The government will turn on an early warning system it has prepared in case there are indications of excessive imports of commodities resulting from the free trade agreements, a chief minister said.
Wed, 20 Jan 2010
Foreign Investors Cheer New Policy Plan
Foreign investors are welcoming moves by the Investment Coordinating Board to push for changes to the much-maligned “negative investment list,” which limits foreign ownership in a number of sectors.
Tue, 19 Jan 2010
Indonesian economy to be more resilient in 2010: economist
JAKARTA, Jan. 19 (Xinhua) -- With its Gross Domestic Product (GDP) growth estimated to be at 5.5 percent and global economic recovery probable in 2010, Indonesian economy would become more resilient, a senior economist said here on Tuesday.
Tue, 19 Jan 2010
Asia, Indonesia to lead global economic recovery: SCB analysts
JAKARTA, Jan. 18 (Xinhua) -- With economic growth expected to reach 5.5 percent this year and 7 percent next year, Indonesia, along with some Asian economic growing countries would lead the world's economic recovery, analysts of Standard Chartered Bank ( SCB) said here on Monday.Dr.
Mon, 18 Jan 2010
State plantations to spend Rp 9t in 2010, mostly on factories
State plantation firms are to spend big this year, mostly to build and revitalize sugar factories as well as constructing fertilizer plants to improve supply to the sugar plantations, a 2010 business plan shows.
Mon, 18 Jan 2010
RI looking good for L’Oreal
With a population approaching 250 million and promising economic growth, the Indonesian growing beauty market is increasingly alluring for Paris-based cosmetics giant L’Oreal which aims to make that French style affordable here.
Mon, 18 Jan 2010
Indonesia's finance minister may go by Feb: report
JAKARTA (Reuters) - Indonesia Finance Minister Sri Mulyani Indrawati, a top reformer in President Susilo Bambang Yudhoyono's cabinet, may be replaced by February, the Jakarta Post reported, quoting anonymous sources from a political party.