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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.
Fri, 13 Jul 2012
Govt may ban imports of used machinery
From my understanding the alternator rotor get's power from the battery which goes through the rotaryjoint rotary joints and ground out the other slip ground. Each end of the rotor coil is connected to the slip ring.
Tue, 22 May 2012
Russian investor to build rail roads in Kalimantan
Samarinda, East Kalimantan (ANTARA News) - A Russian investor will soon build a 160-kilometer long rail road worth US$2.5 billion in East Kalimantan, governor Awang Faroek Ishak said,"The new rail road will later connect with that in Central Kalimantan measuring 90 kilometers long to make the...
Tue, 22 May 2012
S Korean investor to build factory in Pasaman Barat
Simpang Ampek, S Sumatra (ANTARA News) - Korean investors will soon build an oil plant waste processing plant to produce bio energy in Pasaman Barat regency, West Sumatra.Pasaman Barat Regent Baharuddin R said the plant belongs to the Korea Electric Power Industrial Development Group (KEPID Group)...
Tue, 14 Feb 2012
Maros to develop three types of tourism objects
Makassar, South Sulawesi (ANTARA News) - Maros district in South Sulawesi Province is to develop natural, historic, and agro tourism objects to improve regional revenue, Maros district head Hatta Rahman said here on Saturday.
Tue, 07 Feb 2012
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.
Tue, 07 Feb 2012
Jamsostek to Increase Investments
TEMPO Interactive, Jakarta:Insurance company Jamsostek is planning on investing Rp125.7 trillion this year - 12 percent higher than 2011 investments at Rp111.82 trillion.Jamsostek Finance Director Elvyn G.
Fri, 20 Jan 2012
BKPM: S`pore biggest investor in RI last year
Jakarta (ANTARA News) - Singapore was the biggest source of foreign investment in Indonesia last year having sunk a total of US$5.1 billion in various projects, the Investment Coordinating Board (BKPM) said.With US$5.
Fri, 20 Jan 2012
Investment in RI grows 20.5 pct last year
Jakarta (ANTARA News) - Domestic and foreign investment in Indonesia grew 20.5 percent to Rp251.3 trillion last year from Rp208.5 trillion the year before, the Investment Coordinating Board (BKPM) said.
Fri, 20 Jan 2012
Human resources' quality RI's strongest asset : foreign investor
Jakarta (ANTARA News) - Indonesia`s strongest asset in its working relations with foreign investors is the quality of its human resources, a foreign businessman said."In my opinion, its human resources are Indonesia`s strongest point in attracting foreign capital to work and do business in...
Thu, 19 Jan 2012
Foreign investment in 2012 predicted at 19.2 billion US dollars
Jakarta (ANTARA News) - Bank Indonesia has estimated that foreign investment (PMA) in 2012 would continue to increase due to the improved investment climate in Indonesia which was marked by the increase in Indonesia`s rating to investment grade."We estimate it may reach 19.1 - 19.
Thu, 19 Jan 2012
Target of 2.5 million tourists to Borobudur temple reached
Magelang, Central Java (ANTARA News) - An official of Borobudur Temple Garden Tour (TWCB) targeted 2.5 million tourists in 2012."We are optimistic the target could be achieved under the good condition in this early year," said the Head of TWCB Units Pujo Suwarno in Magelang, Wednesday.
Tue, 10 Jan 2012
Investment in W Java reaches Rp48 tln in 2011
Sumur Lapindo terus-menerus menyedot lapisan lumpur, mengarah ke Yogyakarta hingga terjadi rongga panjang di dalam lapisan kulit bumi dari tanah kota tersebut. Selain menyebabkan tanah di atasnya menjadi labil, serta mengakibatkan penyedotan sumber air di sekitarnya, juga jalur rongga ini in time...
Wed, 28 Dec 2011
Investment in W Java reaches Rp48 tln in 2011
Investment in W Java reaches Rp48 tln in 2011Bandung, W Java (ANTARA News) - The amount of domestic and foreign investment in West Java in the past one year reached Rp48.75 trillion with 767 projects, an investment official said."The realization of investment in West Java rose.
Wed, 09 Nov 2011
Govt Offers Investments in Kalimantan
TEMPO Interactive, Jakarta:The government is offering private companies the opportunity to develop investments in Kalimantan. Housing Minister Djan Faridz said the investments would speed up the Acceleration and Expansion of the Indonesian Economic Growth (KP3EI) program in the corridor.
Wed, 09 Nov 2011
Bappenas: Economy to grow 7 pct if investment increases
Jakarta (ANTARA News) - The domestic economy will grow by up to 7 percent in the next few years if investment in infrastructure development increases, National Development Planning Minister Armida Salsiah Alisjahbana said.
Tue, 08 Nov 2011
Indocement invests 100 million US dollars
Jakarta (ANTARA News) - PT Indocement Tunggal Prakarsa, producer of Tiga Roda cement, has invested 100 million US dollars this year in the construction of a cement mill in Citereup, West Java."Construction is scheduled for completion in 2013.
Tue, 08 Nov 2011
Taiwanese investors eyeing Bengkulu's fisheries, iron, coal potentials
Bengkulu (ANTARA News) - Taiwanese investors who have been eyeing fisheries potentials in the waters of Bengkulu province have begun to discuss their investment plans with local authorities."The Taiwan investors have been eyeing our fishery potentials since 2006, and now they are visiting...
Thu, 03 Nov 2011
Indonesia to Host ASEAN Investment Forum
TEMPO Interactive, Jakarta:Indonesia will host the Southeast Asia finance ministers and investors meeting. The forum, entitled ASEAN Finance Ministers Investor Seminar, will be held in Jakarta on Nov. 8.
Thu, 03 Nov 2011
Foreign Tourists Prefer Non-Starred Hotels
TEMPO Interactive, Bandung, West Java:Foreign tourists in West Java spend more time in non-starred hotels. “Almost five days longer on average,” said Lukman Ismail, head of the West Java Central Statistics Agency (BPS), at his office in Bandung on Tuesday.
Thu, 03 Nov 2011
West Java offering investment opportunities through int`l expo
Bandung, W Java (ANTARA News) - West Java`s International Expo (WJIE) 2011 is offering a number of the region`s business potentials and opportunities to foreign and domestic investors."There are 52 investment potentials in West Java showcased in the West Java International Expo 2011,"...
Thu, 03 Nov 2011
Two Japanese firms ready to relocate plants to Indonesia
Jakarta (ANTARA News) - Two Japanese companies are ready to relocate their plants from Thailand to Indonesia because of protracted flooding in the former, an official said."Because of the floods we have received a request from Japanese automotive and electronic manufacturers to relocate their...
Thu, 20 Oct 2011
Indonesia Says UAE to Invest $9.5b in Aluminium Smelters
The United Arab Emirates plans to invest $9.5 billion in aluminium smelters in Indonesia’s Kalimantan region, Indonesia’s ambassador to the UAE said on Wednesday.“Emirates Aluminium will invest $4 billion in West Kalimantan to build an aluminium smelter and a power plant ...
Thu, 20 Oct 2011
U.S. billionaire invests in Indonesia's media industry
JAKARTA, (Xinhua) Saban Capital Group, a Los Angeles- based investment firm, is buying 5 percent of Indonesia's Media Nusantara Citra (MNC) for 692.3 billion rupiah (78.2 million U.S. dollars), the Jakarta Globe reported here on Tuesday.
Thu, 20 Oct 2011
UAE investors to explore various industries in Indonesia
JAKARTA, (Xinhua) Investors from the Union of Arab Emirate will explore industries of Islamic banking, tire and CPO refinery in Indonesia, a press statement said here on Wednesday.The investors' visit to Indonesia is part of the country's effort in promoting the Trade Expo Indonesia (TEI) 2011.
Tue, 18 Oct 2011
Investment in RI to grow 16.6 pct next year
Nusa Dua, Bali (ANTARA News) - The Investment Coordinating Board (BKPM) has predicted investment in Indonesia will grow by 16.6 percent to Rp280 trillion next year from Rp240 trillion this year.With the increase in investment, the Indonesian economic growth would remain stable, BKPM Chief Gita...
Thu, 13 Oct 2011
Nigeria to invest Rp 24t in Indonesian refinery deal
Nigeria to invest Rp 24t in Indonesian refinery dealFrom:The Jakarta Post Nigeria plans to invest Rp 24 trillion (US$2.68 billion) in Indonesia to fund the construction of three oil refineries, an official says.
Thu, 13 Oct 2011
BKPM names seven most investor-friendly provinces
The Investment Coordinating Board (BKPM) named seven provinces as the top destinations for investment out of 26 provinces evaluated on Wednesday.The “regional champions” are Aceh, Central Java, West Kalimantan, South Sulawesi, Central Sulawesi, North Sulawesi and West Sumatra.
Thu, 13 Oct 2011
North Maluku to become nickel industry center
Ternate, North Maluku (ANTARA News) - North Maluku (Malut) Governor Thaib Armayin said the province was expected to become a nickel industry center in Indonesia as two nickel plants worth Rp84 trillion would be built in Halmahera island.
Wed, 12 Oct 2011
Obama: First Among Equals in Bali
Not to mention the shouty Australians. (Who are covered in the bule generalisation, but require particular focus)
Wed, 12 Oct 2011
West Kalimantan Wins Regional Champions 2011
TEMPO Interactive, PONTIANAK:The West Kalimantan government has won the Regional Champions 2011 award for investment from the central government. West Kalimantan Governor Cornelis will receive the award from Coordinating Minister for the Economy Hatta Rajasa in Jakarta on Wednesday, said the West...
Wed, 12 Oct 2011
Nestle not to invest in cacao plantations
Jakarta (ANTARA News) - PT Nestle Indonesia has no plan to invest in cacao plantation as it is not its core business, Head of Nestle Indonesia`s Public Relations Brata T. Hardjosubroto said here on Tuesday.
Wed, 12 Oct 2011
BNI signs cooperation accord with Slovakia`s Eximbanka SR
Jakarta (ANTARA News) - Bank BNI on Tuesday signed a cooperation agreement with Slovakia`s export credit agency Eximbanka SR to support trade between the two countries.The agreement was inked by BNI President Gatot M Suwondo and Chairman of the Board and General Director of Eximbanka SR Mario...
Tue, 11 Oct 2011
Slovakia to invest $1 bn in Indonesia
Slovakia was planning to invest US$ 1 billion in Indonesia, visiting Slovakia President Ivan Gasparovic told reporters on Monday in Jakarta.He said the investment plan would be included in seven agreements due to be signed on Tuesday.
Tue, 11 Oct 2011
Nestle has no plans to invest $200 million in cocoa plantation
PT Nestlé Indonesia announced on Monday that the company had no plans to invest US$200 million in cocoa plantations in Indonesia. The statement was made following a news report published in www.thejakartapost.
Tue, 11 Oct 2011
Cocoa Giant Builds Factory in RI
TEMPO Interactive, Jakarta: A giant in the cocoa industry, Archer Daniels Midland (ADM) Cocoa, plans to build a processing plant in Indonesia."ADM has expressed its interest,” the Industry Ministry’s Food, Maritime Products and Fishery director, Faiz Ahmad, said yesterday.
Tue, 11 Oct 2011
Nestle to invest $200 mln in Indonesia
Jakarta (ANTARA News) - Nutrition, health and wellness company Nestle SA plans to build a cocoa processing plant in Indonesia at a cost of US$200 million to benefit from growing market in the country.Nestle's investment plan must receive support from the government because it would create more...
Tue, 11 Oct 2011
Tourist arrivals in Bali up 9.97 pct
Denpasar, Bali (ANTARA News) - More than 1.84 million foreign tourists visited Bali in the eight months though August 2011, up 9.97 percent from the same period a year earlier."Most of the tourists came to Bali via Ngurah Rai airport by direct flights from their countries.
Tue, 11 Oct 2011
Slovakian companies to invest us$1 bln in RI
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said that a number of private Slovakian companies want to invest US$1 billion in a number of business sectors in Indonesia.In a joint press conference with Slovakian President Ivan Gasparovic here on Monday, Yudhoyono said that the...
Mon, 10 Oct 2011
Obama: First Among Equals in Bali
bali is great. pity about the balinese and bules.
Mon, 10 Oct 2011
Obama: First Among Equals in Bali
Surprised no-one has come up with an Occupy Bali plan.
Mon, 10 Oct 2011
Obama: First Among Equals in Bali
No Extraordinary Security Treatment Planned for Obama Visit to Bali for the ASEAN Summit Beyond that Extended to Other World Leaders Expected in Bali.Jakarta Post reports that the Indonesian military command coordinating security for 18 heads of state expected in Bali for the ASEAN Summit November...
Mon, 10 Oct 2011
Toyota Tsusho in $66 mln Indonesian flour investment
Oct 7 (Reuters) - Toyota Tsusho Corp , Malayan Flour Mills Berhad and Indonesia's FKS Capital have agreed to invest $66 million to establish a flour mill company in Indonesia, the trading house affiliated with Toyota Motor Corp said on its website.
Fri, 07 Oct 2011
RI investment chief to meet us tycoon Warren Buffet
Jakarta (ANTARA News) - The head of the Investment Coordinating Agency, Gita Wiryawan, is planning to meet US investor Warren Buffet and invite the latter to invest US$1 billion in Indonesia."I want to ask him (Warren Buffet) to invest only US$1 billion in Indonesia," Gita said on the...