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Mon, 21 Dec 2009
Foreign Health Care Services will be Curbed
TEMPO Interactive, Jakarta:The Health Department will curb foreign health care services, both doctors and clinics, which operate in Indonesia. “We have been receiving reports, but we will see if it is true that some operate without permits,” said the Director General of Medical Service from the...
Mon, 21 Dec 2009
Indonesia’s economic Prospect
'Next year, 2010, will be very important for Indonesia. Peaceful general elections and successful navigation through the global financial crisis have raised expectations that Indonesia can become one of the strongest performing emerging markets.
Mon, 21 Dec 2009
Consumption, a pillar of the economy
The outlook for Indonesia continues to be positive, as it looks likely to maintain its growth momentum supported by healthy domestic consumption, accelerating investment as well as improving shipments and external situation.
Mon, 21 Dec 2009
Economic power shift to East Asia
It has been widely accepted that recently economic power has been gradually shifting toward East Asia.The global economic crisis has only quickened this process. It began with the excesses at the centers of international finance, namely the US and Europe.
Mon, 21 Dec 2009
Not all regions are open to our business
Laurensius Tirta Widjaja, the marketing director of PT Indomarco Prismatama (Indomaret) recently talked with The Jakarta Post’s Kornelius Purba about the prospects of and problems facing retail business for next year.
Mon, 21 Dec 2009
Economic rise snags on political turbulence
It is impossible to chart the economic outlook for 2010 without factoring the Bank Century debacle into the equation.The nationwide controversy over the Nov. 21, 2008, bank bailout is not simply a temporary distraction, as several analysts say, insofar as the economic prospects for next year are...
Mon, 21 Dec 2009
Indonesia’s position in the global economy
The financial crisis of 2008 has had an extensive impact on the global economy, including Indonesia’s. What are our chances of weathering the fallout and emerging unscathed from the crisis? The following are excerpts from an interview between The Jakarta Post’s Apriadi Gunawan and North Sumatra...
Mon, 21 Dec 2009
Rejecting unsustainable palm oil
European industrial buyers have begun extending compulsory green certification from wood-based products to palm oil, as evidenced by the bold decision last week by Unilever, the world’s largest industrial consumer of crude palm oil (CPO), to cancel new contracts with Indonesia’s largest...
Mon, 21 Dec 2009
PC market: The big firms fight it out
Indonesia’s burgeoning personal computer (PC) market - divided between desktops and notebooks including the increasingly popular netbooks - will continue to see hefty growth next year, setting off even fiercer competition among top players.
Mon, 21 Dec 2009
Bank Century case disturbs govt`s 100-day program
Jakarta (ANTARA News) - Like it or not, the Bank Century case has disturbed President Susilo Bambang Yudhoyono`s second-term government especially in carrying out its first 100-day program, and this will likely continue to cost a lot of energy and thoughts even after the end of this year.
Mon, 21 Dec 2009
Jakarta Office Construction Declines: Report
The amount of new office space built in Jakarta’s central business district this year fell 12 percent from 2008 but is expected to rebound next year, according to a report from property consultant Cushman & Wakefield.
Sun, 20 Dec 2009
Four foreign countries interested to take part in Indonesia's power development: official
Prominent power firm and lenders from Russia, Japan, Kuwait and Germany have pledged their interests to take part in Indonesia's huge power plant projects expected to commence next year, a local media report said Saturday.
Sun, 20 Dec 2009
Imported Chinese products becoming threat to local industries
Jakarta (ANTARA News) - Imported Chinese products which have been flooding Indonesian markets can cause local people-based industries to close down, a retail traders advocacy activist said."In the 1970s, Indonesia only imported from China products that could not yet be produced at home, but...
Sun, 20 Dec 2009
Cosmetic, Jamu producers want ASEAN-China free trade posptoned
Jakarta (ANTARA News) - Indonesian cosmetic and jamu (herbal medicine) producers are calling for a postponement of the Asean-China free trade agreement for their products."We want the implementation of the Asean-China FTA postponed until there is a strict supervisory system on cosmetics and...
Sun, 20 Dec 2009
Tourism may see 1.3 pct growth: Official
Sukadana (ANTARA News) - Indonesia`s tourism sector could record a 1.31 percent growth in the midst of economic recovery efforts following the global crisis this year, a tourism ministry official said."Up to October 2009, the world was suffering from a global crisis affecting all sectors...
Sat, 19 Dec 2009
Hino expands RI factory and production to increase sales
PT Hino Motors Manufacturing Indonesia (HMMI), the local subsidiary of a Japanese commercial vehicle manufacturer, has completed the expansion of its factory in Purwakarta, West Java, through a US$33 million investment.President of Hino Motors Ltd.
Sat, 19 Dec 2009
Local govts move fast on mining law
Regional governments are becoming pro-active in supporting the mining industry by issuing more business licenses under the new law, ending a long period of stagnation since the last significant progress in the industry.
Sat, 19 Dec 2009
Billabong Manager Jailed in Bali Dispute
ADenpasar court has found the sales manager of PT Billabong Indonesia guilty of the embezzlement of promotional materials in a bitter, long-running dispute that pits the Australian surfwear giant against its one-time local partner.
Sat, 19 Dec 2009
Geothermal in Indonesia Runs Out of Steam
Precarious financing, poor planning endanger a major environmental energy programIn the face of widespread power cuts hitting Jakarta and the provinces,Indonesia's state power utility PLN is planning a second 10,000 MW crash program, 48 percent of it based on geothermal energy.
Sat, 19 Dec 2009
Reform hopes fade in Indonesia
DENPASAR - Indonesian President Susilo Bambang Yudhoyono's political gamble to widen his coalition and govern by broad consensus is backfiring just months after his re-election, posing serious questions about the future efficiency and cohesion of his already scandal-tainted government, including...
Sat, 19 Dec 2009
Indonesia clears way for private rail project
Jakarta: Indonesia has cleared obstacles to foreign investment in a private coal railway in East Kalimantan province, part of a $5bn infrastructure project, an official said yesterday.Dubai-based Trimex Group’s MEC Holdings and the Gulf emirate of Ras Al Khaimah are joining forces to build the...
Fri, 18 Dec 2009
Indonesia Defends Palm Plantations
Copenhagen. Indonesian delegates on Wednesday night promoted the country’s palm oil industry as sustainable at the UN climate talks, in the wake of a recently-published Greenpeace report accusing Indonesia’s largest palm oil producer of deception and illegalpractices.
Fri, 18 Dec 2009
Russian investors ready to build tourist resort in Indonesia
Tanjungpinang, Indonesia (ANTARA News/Asa Pulse) - Russian investors were ready to develop a tourist resort in Bintan, Riau Islands Province, Mardhiah, head of the integrated Bintan district licensing and investment promotion body, said here Wednesday.
Fri, 18 Dec 2009
RI`s manufacturing products not ready to compete for China market
Jakarta (ANTARA News) - A business figure said Indonesia`s manufacturing products are not ready to compete for access to China market."We have no strong basis for entering the China market. I think we are not ready to meet the Asean-China Free Trade Agreement," Sofjan Wanandi said at a...
Thu, 17 Dec 2009
Indonesia to fix economic growth constraints
Indonesia plans to introduce a slew of changes to address problems in its infrastructure, logistics, electricity and labour sectors in order to attract more investment and create jobs, said Trade Minister Mari Pangestu.
Thu, 17 Dec 2009
Jakarta Investors Eye Properties in South Sulawesi
TEMPO Interactive, Makassar: The Real Estate Indonesia (REI) has issued the good news that in 2010, Jakarta entrepreneurs will invest in and develop several strategic housings in Makassar .“Investment and property development in Jakarta and Java has reached a saturation point.
Thu, 17 Dec 2009
Work Hard to Compete with Foreign Workers
TEMPO Interactive, Jakarta:It will take a lot of hard work to offset the foreign workers invasion as a result of the ASEAN – China free trade era which begins in January 2010, Manpower and Transmigration Minister Muhaimin Iskandar, said in Jakarta yesterday.
Thu, 17 Dec 2009
Property Investments to Rise
TEMPO Interactive, Jakarta:Investments in the property sector next year may be rising as a result of stable economic condition and low interest rates. “Compared to 2009, investments may be up by 10 percent,” Cushman Wakefield analyst, Andi Susanto Loe, said Jakarta yesterday.
Thu, 17 Dec 2009
RI Cooperating internationally to avoid transfer pricing losses
Jakarta (ANTARA News) - Indonesia has concluded cooperation agreements with 58 other countries to avoid losses from transfer pricing, a Finance Ministry official said."We have cooperation agreements with 58 countries to prevent losses from transfer pricing," Djoko Slamet Surjoputro,...
Thu, 17 Dec 2009
Sustainable Oil Palm Plantations Conference Meets in Jakarta
Sustainable Oil Palm plantation conference meets in Jakarta on 21-22 Jan 2010 to offer clarity on sustainable palm oil plantations and pinpoint opportunities & challenges of investing in Indonesia's oil palm sector.
Thu, 17 Dec 2009
Govt to liberalize 8,000 commodities
Jakarta (ANTARA News) - The government is likely to liberalize the import of around 8,000 commodities from other ASEAN member states in January 2010 as a follow-up to the Free Trade Agreement (FTA), a Finance Ministry official said.
Thu, 17 Dec 2009
Economist: difficult to compete with Chinese products
Jakarta (ANTARA News) - BNI economist Tony Prasetyantono said it is difficult for Indonesia to compete with imported Chinese products as the result of the Free Trade Agreement between ASEAN and China."It is difficult to seek a win-win solution from the agreement, a win-lose solution appears to...
Thu, 17 Dec 2009
Indonesia Moves to Speed Business Licensing
Four ministries and the Investment Coordinating Board on Wednesday signed a joint regulation aimed at slashing the time needed to license a new business from 60 days to just 17.Vice President Boediono said the new policy was designed to raise the country’s ranking in the annual “Doing...
Wed, 16 Dec 2009
President calls on German bizmen to invest in RI
"We invite you to participate in our national development. Do come to Indonesia to invest because there are now plenty of investment and business opportunities there," the President told the German business makers.Get tae absolute fuck.
Wed, 16 Dec 2009
Indonesia’s first private railway project ready for construction
A group of investors will soon begin building the first ever private railway in Indonesia, worth US$1 billion, as a key part of the planned development of a massive $5 billion integrated industrial facility in East Kalimantan.
Wed, 16 Dec 2009
President calls on German bizmen to invest in RI
Berlin (ANTARA News) - Visiting Indonesian President Susilo Bambang Yudhoyono has called on German investors to invest in Indonesia arguing that the investment and business climate in the country had much improved.
Wed, 16 Dec 2009
Alcohol Shipments to be Released ‘Soon’
After being hit with a hefty fine for under-reporting imports of alcohol, state importer PT Sarinah said on Tuesday that dozens of containers would soon be released from Jakarta’s Tanjung Priok port to meet the increased demand during the Christmas and New Year holidays.
Wed, 16 Dec 2009
Fiscal Policy Head Suggest More Spending on Infrastructures
TEMPO Interactive, Jakarta: The Fiscal Policy at the Finance Department said indonesia's current debt ratio has reached a save level for the government to consider expansive fiscal policies to finance infrastructure projects, and suggested the government to provide stimulus to boost economic growth...
Wed, 16 Dec 2009
Government to Seek Free Trade Delay on 300 Products
TEMPO Interactive, Jakarta: The Coordinating Ministry for the Economy is seeking to delay free trade mechanism on hundreds of products from 12 sectors ahead of the beginning of the ASEAN – China Free Trade Agrement beginning on January 1st next year.
Wed, 16 Dec 2009
Ports ready to operate 24/7 by January 2010: Officials
The government plans to start running Indonesia’s ports around-the-clock by early January to speed up customs clearance and reduce logistics costs, officials said Tuesday.“All ports will operate 24 hours, starting from Tanjung Priok Port [in Jakarta],” said Edy Putra Irawadi, deputy in charge...
Wed, 16 Dec 2009
Doing Business in Indonesia 2010 Bahasa Indonesia cities ranking Doing Business in Indonesia 2010 compares business
Indonesia cities ranking Doing Business in Indonesia 2010 compares business regulations across 14 Indonesian cities. The report focuses on local and national regulations that affect 3 stages in the life of a small to midsize domestic firm: starting a business, dealing with construction permits, and...
Wed, 16 Dec 2009
Starting a Business in Indonesia? Yogya’s the Place to Be
Yogyakarta is the easiest city in Indonesia to start a business in, way ahead of Jakarta, which ranked just seventh of 14 Indonesian cities in a new survey.The study, released on Tuesday by the International Finance Corporation, also revealed that Manado and Makassar would hold their own globally...
Tue, 15 Dec 2009
Exposition on Bamboo Products Design
TEMPO Interactive, Yogyakarta:The Affandi Museum in Yogyakarta is featuring a bamboo products design exposition from December 14 to 17. The products displayed consist of musical instruments, souvenirs and toys created by 21 finalists of the 2009 Awi-awi Mandiri competition.
Tue, 15 Dec 2009
Unilever cuts palm oil purchases from Indonesia's PT Smart
Unilever announced it was suspending future purchases from palm oil supplier PT Smart.The move followed allegations that the Indonesian company's plantations are contributing to the destruction of high conservation value forests and expanding onto peat lands.
Tue, 15 Dec 2009
Five political risks to watch in Indonesia
JAKARTA, Dec 15 (Reuters) - Indonesia has emergedremarkably strongly from the global economic crisis, but hopesamong investors that the government would quickly push throughreforms have been dented by controversy over corruption.
Tue, 15 Dec 2009
Regions still lack quality in investment-related services
Most regional administrations in the country are still lagging in the quality of services given to investors, a survey carried out by the Regional Autonomy Watch (KPPOD) reveals.A survey, conducted in 291 regencies and cities across the country, shows that the quality of regional investment support...
Tue, 15 Dec 2009
FTA to benefit both sides: China
China ambassador to Indonesia Zhang Qiyue said Monday the under-discussion free trade agreement (FTA) between ASEAN and China would help both sides to obtain goods and services and attract investment."This FTA will bring many opportunities for both sides.
Tue, 15 Dec 2009
RI-China FTA rules unlikely to be delayed: China says
While local industries are seeking a delay in the full implementation of the free trade agreement (FRA) with China, to start in January, China says this stands little chance of succeeding.The heads of agreement for the Indonesia-China FTA - which forms part of the wider ASEAN-China FTA - was signed...
Tue, 15 Dec 2009
Sri Mulyani: RI`s economy to perform better next year
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati has expressed optimism the domestic economy in 2010 will grow at a faster pace than this year`s depending on banks' soundness and credit chanelling.
Tue, 15 Dec 2009
Additional Power On The Way for Java and Bali, PLN Says
Shut it Jack ya big heemasex.