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Sun, 23 Nov 2008
Bali News: Waiting for the Bump in the Road
Bali by the Numbers: Arrivals Remain Strong Through End of October as Island Waits for Fallout from World Economic Crisis.(11/21/2008) Bali's foreign tourist arrival numbers through the end of October have yet to show any ill effects from a much-feared coming drop in tourist arrivals precipitated...
Sun, 23 Nov 2008
Coal Growth to Slow on Low Demand
Indonesia’s coal production growth will slow as the global credit crisis hampers expansion plans by the world’s biggest exporter of the fuel, Fitch Ratings said.“Companies that have not secured long-term funding will likely have to cut back’’ on their spending, the ratings company said in...
Sun, 23 Nov 2008
RI coal mines attractive for buyout
Alfian, The Jakarta Post, Jakarta A drop in the share price of Indonesian coal companies is making the sector more attractive for potential acquisitions by foreign investors, a report from global rating agency Fitch Ratings says.
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
Originally Posted By: DilliPertamina corrupt? Well I never! Next thing you know I will be paying a different price for my petrol. Then how do you explain that 2009 S-Class MB siting in your garage Minister........
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
Pertamina corrupt? Well I never! Next thing you know I will be paying a different price for my petrol.
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
Originally Posted By: DilliOK, PLN is one company, what is the other one....? Originally Posted By: KuKuKaChuThe International Energy Agency recommended on Friday that Indonesia do away with fuel and electricity subsidies, arguing that they constrain investment, cause inefficiencies and impede the...
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
Purnomo Yusgiantoro, in the job for about eight years or so, is a corrupt dog who needs to pay for his crimes.
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
I believe it would be good if they did away with all corruption in those 2 companies or do I ask for too much.........
Sat, 22 Nov 2008
Corn Import Ban Slammed by Feed Firms
Poultry feed producers have objected to government plans to cease corn imports next year, saying they are concerned that domestic output may not cover their need for the commodity.Corn imports “cannot be stopped at all because we’re often running out of corn, mostly during the non-harvest...
Sat, 22 Nov 2008
IEA: Pull the Plug on Subsidies
The International Energy Agency recommended on Friday that Indonesia do away with fuel and electricity subsidies, arguing that they constrain investment, cause inefficiencies and impede the diversification of the energy sector.
Sat, 22 Nov 2008
Merpati's Flight of Fancy Ends in Crash Landing
The government has stepped in to try to renegotiate the terms of a $210 million aircraft-purchase deal between financially troubled state airline PT Merpati Nusantara Airlines and a Chinese aircraft maker in an attempt to head off a brewing dispute with the Chinese government over Merpati’s...
Fri, 21 Nov 2008
Energy Industry Pans BPMigas Banking Rule
Originally Posted By: DilliI think the big boys are more worried about the safety of their deposits....... pfft. why should they be worried? indonesian banks are as solid as 1997
Fri, 21 Nov 2008
Energy Industry Pans BPMigas Banking Rule
I think the big boys are more worried about the safety of their deposits.......
Fri, 21 Nov 2008
Energy Industry Pans BPMigas Banking Rule
A proposed regulation requiring both local and foreign oil and gas companies to use domestic commercial banks for deposits and transactions needs to be further studied before it can be introduced, industry players said on Thursday.
Thu, 20 Nov 2008
Investment in Domestic Mining May Fall 70% in 2009
Investment in Indonesia’s mining sector is expected to drop by 70 percent next year due to the global recession, according to a mining industry official.Priyo Pribadi Soemarno, executive director of the Indonesian Mining Association, said most mining companies would cut production and spending in...
Thu, 20 Nov 2008
Indonesia, Indian investors urged to work together facing crisis
Bandung, West Java (ANTARA News) - Indian investors and Indonesian businessmen are encouraged to make synergetic efforts to deal with the impact of the current global financial crisis."In principle, there is a need for Indian investors and West Java businessmen to make synergistic efforts to...
Thu, 20 Nov 2008
Indonesia economic and investment climate still promising
Jakarta (ANTARA News) - The government should continue to show to the international community that Indonesia`s economic conditions and investment climate are still promising despite the global economic crisis, a minister said.
Thu, 20 Nov 2008
Indonesia orders energy companies to bank locally
Jakarta (ANTARA News) - Oil and gas companies doing business in Indonesia must use local banks for their transactions from December onwards, a move to help the struggling rupiah, an official said Thursday.
Thu, 20 Nov 2008
US, Indonesia Link Up On Forest Carbon Credits
SINGAPORE - California and two other US states signed a pact late on Tuesday with Indonesia's Aceh province that could see forest carbon credits from Aceh accepted into US emissions trading schemes.The pact, the first of its kind, marks a major step in global acceptance of carbon credits derived...
Thu, 20 Nov 2008
Investors pick from Indonesia's best, worst regions
SEKAYU, Indonesia (Reuters) -- When Indonesia shifted power from the capital, Jakarta, to the regions, investors had to start dealing with a confusing constellation of districts, some business-friendly, others downright unwelcoming.
Thu, 20 Nov 2008
More Protests Against Joint Regulation
Wednesday, 19 November, 2008 | 17:17 WIBTEMPO Interactive, Jakarta: Around one thousand workers in Banten province resonated protests against new regulation on workers pay on Wednesday by protesting at Banten Governor office.
Thu, 20 Nov 2008
Belgian crown prince to visit Indonesia
Jakarta (ANTARA News) - The Belgian crown prince Philippe will visit Indonesia from November 22 to 26 along with an investment and business delegation, foreign ministry spokesman Teuku Faizasyah told ANTARA here on Wednesday.
Wed, 19 Nov 2008
Candy, biscuits industries increase production
Candy and biscuits industries have increased production by 15% to meet demands from the Asian and European markets which had shifted from China due to dairy products tainted with melamine, Antara reported on Tuesday.
Wed, 19 Nov 2008
October domestic cement demand up 24.3%
Domestic cement consumption in October rose 24.3% to 3.11 million tons, industry data distributed by PT Semen Gresik showed on Thursday, Reuters reported.State-owned Semen Gresik, the country's largest cement maker, said its total sales in October, including exports, rose 8% to 1.45 million tons.
Wed, 19 Nov 2008
2008 palm oil output up sharply: Report
Indonesia's palm oil output in 2008 is likely to rise by 2.0 million tons from 2007 to 19.33 million, increasing the country's exports and stocks, Hamburg-based oilseeds analyst Oil World forecast on Tuesday, Reuters reported.Indonesian palm oil exports are likely to rise to 14.
Wed, 19 Nov 2008
New forex rule not capital control: BI
Bank Indonesia (BI) on Friday reiterated that it has no plan to resort to capital controls following its announcement limiting purchases of foreign currencies without underlying transactions, Dow Jones reported.
Wed, 19 Nov 2008
Growth may fall to 5%: Minister
Finance Minister Sri Mulyani Indrawati says Indonesia's economic growth may fall to as low as 5% next year, according to Bloomberg News. She also warned that Indonesia was at risk from global trends but hoped to stay out of an International Monetary Fund (IMF) emergency package.
Wed, 19 Nov 2008
Investors abandon 18,000 ha of land
Panca Nugraha, The Jakarta Post, Mataram For many years investors have been holding land use permits on 18,600 hectares of land on Lombok and Sumbawa Islands in West Nusa Tenggara without developing the property.
Wed, 19 Nov 2008
Minister defends expansion of oil palm plantations
Agriculture Minister Anton Apriyantono on Tuesday defended Indonesia’s drive to expand oil palm plantations, despite a demand by environmentalists for a moratorium on deforestation.Speaking in his keynote address at the opening of the sixth annual meeting of the Roundtable on Sustainable Palm Oil...
Wed, 19 Nov 2008
Investments in NTB Impeded by Licensing
Originally Posted By: biznewsIn order to accelerate the process, NTB administration has asked the central government to immediately issue a regulation on licensing to follow up on Law no. 25/2007 on Investments. the answer to licensing obstacles is more licensing?!
Wed, 19 Nov 2008
Investments in NTB Impeded by Licensing
Tuesday, 18 November, 2008 | 18:27 WIBTEMPO Interactive, Mataram:West Nusa Tenggara (NTB)Investments Agency's Promotion chief, Manggaukang Rabah, said not many investors have been attracted to his area because of licensing obstacles.
Wed, 19 Nov 2008
Toward a Better Law On Mineral Resources
Indonesia is one of the largest producers of mineral resources in the world. In tin, it comes in second after China, in coal it is third after Australia and South Africa, and the list goes on. Minerals and related products account for 19 percent of the county’s total exports.
Wed, 19 Nov 2008
Indonesia Considers Ban on Ore Exports
Indonesia, which holds the world’s single-biggest gold deposit and second-largest copper reserves, may ban exports of all ores in five years, forcing companies to sell processed products that fetch higher profits.
Wed, 19 Nov 2008
Poultry Producers Crowing Over Plump Profits
Two local poultry producers, PT Charoen Pokhpand Indonesia Tbk and PT Japfa Comfeed Indonesia Tbk, posted strong net profits in the first nine months of the year on the back of robust sales and higher prices for feed.
Wed, 19 Nov 2008
Batam Businesses Decry Power Rates Rise
Companies in Batam, Riau Islands Province, are protesting an electricity rate increase that one industry official says will cause 100,000 layoffs next year.Abdullah Gosse, the deputy chairman of investment and trade at the provincial chamber of commerce, said on Tuesday that the increase was...
Tue, 18 Nov 2008
World tourism growth predicted to decline
This worldwide crisis is going to last to the late 3rd or 4th quarter of 2009 and possibly go in to the 1 or 2nd quarter of 2010. As for people traveling overseas on holiday and spending real money (in large quantities) Indonesia better be ready to see alot less expats and alot more Asians........
Tue, 18 Nov 2008
World tourism growth predicted to decline
Originally Posted By: biznews"Because the global financial crisis is predicted to continue until 2009, the UN-WTO predicted the global tourism growth rate reach only 0 to 2 percent," an expert staff member of the Cultural and Tourism Ministry, Thamrin B Bachri, said by phone on Monday.
Tue, 18 Nov 2008
Asian-African countries committed to using open source software
see also http://www.aagos.ristek.go.id/but forget about registering to attend. it's already closed.
Tue, 18 Nov 2008
Asian-African countries committed to using open source software
Jakarta, (ANTARA News) - Indonesia and other countries in Asia and Africa are determined to strengthen their commitment to using Open Source (OS) software instead of licensed software which was mostly being monopolized by big companies, a research and technology official said.
Tue, 18 Nov 2008
VP says now right time to invest in infrastructure sector
Jakarta (ANTARA News) - Vice President Jusuf Kalla said now was the right time for the government as well as private enterprises to invest in the infrastructure sector as the prices of commodities were down.
Tue, 18 Nov 2008
Palm Oil Futures Continue To Plunge
Singapore. Palm oil futures dropped for a fifth day straight on Monday on concerns that a global recession will cut demand and add to an oversupply that’s driven Malaysian stockpiles to a record.Inventories gained to 2.09 million tons in October, the Malaysian Palm Oil Board said last week.
Tue, 18 Nov 2008
World tourism growth predicted to decline
Jakarta (ANTARA News) - The United Nations World Tourism Organizations (UN-WTO) has predicted that global tourism growth will decline."Because the global financial crisis is predicted to continue until 2009, the UN-WTO predicted the global tourism growth rate reach only 0 to 2 percent,"...
Tue, 18 Nov 2008
Economic growth slowest in 6 quarters
Aditya Suharmoko, The Jakarta Post, Jakarta Indonesia’s third quarter economy grew at the slowest speed in six quarters as slumping commodity prices cut export revenues and the global economic slowdown reduced demand for Indonesian products.
Sat, 15 Nov 2008
A Scenario to Cope With Palm Oil Crisis
Friday, 14 November, 2008 | 21:10 WIBTEMPO Interactive, Palembang:The South Sumatra administration has prepared three scenarios to rescue palm oil and rubber farmers devastated by the impact of the global economic crisis.
Fri, 14 Nov 2008
Plantations struggle as CPO prices in free fall
Manggi Habir, The Jakarta Post, JakartaPlantation companies are one of the first to suffer from the deepening global downturn. And, as the year end nears, it is plantations with scale of production, the right mix of tree maturity and a conservative balance sheet (low debt and high cash levels),...
Fri, 14 Nov 2008
Slowdown jolts RI's commodity-heavy economy
The Indonesian economy has been generating lucrative profits from the soaring prices of agricultural commodities during the last two years. Following increasing dependency on this business, the recent slump in commodity prices has severely impacted on the economy.
Fri, 14 Nov 2008
Container handling fee revoked after protest
After a fierce protest from shipping companies, the Ministry of Transportation temporarily revoked Thursday a new set of Terminal Handling Charge (THC) fees and returned to the old chargesOn Nov. 1, the ministry set new THC fees -- the charges exporters or importers have to pay to shipping...