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Wed, 18 Nov 2009
Investment may reach Rp2,000 trillion: BKPM
Jakarta (ANTARA News) - Investment in the country may reach Rp2,000 trillion so that the average economic growth target of 7 percent in the coming five years is achievable, the investment chief said."It is not easy to attract an investment of Rp2,000 trillion but it is neither impossible.
Tue, 17 Nov 2009
Removing the clogs
Culture and Tourism Minister Jero Wacik and Justice and Human Rights Minister Patrialis Akbar painfully discovered Sunday that most of the computers for processing visas on arrival at the immigration counters of Ngurah Rai International Airport in Bali were out of order.
Tue, 17 Nov 2009
Govt stricter on fruit and vegetable imports
On the grounds of helping to prevent imports of fruits and vegetables potentially carrying hazardous chemical residues, the Agriculture Ministry has imposed a ministerial regulation requiring the products to meet internationally-recognized safety standards.
Tue, 17 Nov 2009
BIN obliged to safeguard economy: Sutanto
The newly appointed State Intelligence Agency chief Gen. (ret) Sutanto said he would add a new post for a deputy for economic affairs in an attempt to prevent any economic disasters that could potentially threaten Indonesia’s sovereignty.
Mon, 16 Nov 2009
China Interested in Investing in Infrastructure and Electricity Projects
TEMPO Interactive, Singapore:Chinese president Hu Jintao has promised to participate in building the infrastructure sector in Indonesia and to invest in energy projects.This was communicated by Industry Minister M.
Mon, 16 Nov 2009
Carrefour to Promote Locally-grown Fruits
TEMPO Interactive, Jakarta:PT Carrefour Indonesia President Director, Shafie Shamsuddin, promised to introduce locally-grown fruits as exports through thousands of Carrefour supermarkets spread worldwide. “Indonesian fruits are considered halal-guaranteed and clean,” he said on Saturday.
Mon, 16 Nov 2009
Chinese technical equipment and commodity expo to be held in Indonesia
JAKARTA, Nov. 15 (Xinhua) -- A Chinese technical equipment and commodity expo will be held here from Nov. 19 to 22, expected to bolster trade and business ties between China and Indonesia, the organizing committee said in a statement on Sunday.
Mon, 16 Nov 2009
Papua lands provide many plants for biodiesel
Jayapura (ANTARA News) - Papua`s lands provide many oil-yielding plants for biodiesel as one of environmentally friendly renewable energy sources, a researcher has said.Lands in Papua have a variety of potential oil-yielding crops which can be processed into biodiesel, but so far only oil palm and...
Mon, 16 Nov 2009
Indonesia: All Food Estate Output to Be Exported
Large-scale commercial producers of food crops, such as rice, soybeans and corn, will only be able to sell their produce on export markets, the government said on Friday.The government said it would issue a regulation in February covering so-called food estates, large-scale commercial farms, before...
Mon, 16 Nov 2009
ASEAN-6 to achieve zero-tariff in January 2010
Jakarta (ANTARA News) - Six ASEAN member states will achieve their zero-tariff target for all merchandises moving across their borders as of January 1, 2010."This definitely calls for an ASEAN celebration," said Dr.
Sun, 15 Nov 2009
First Media begins building WiMAX BTS
Nani Afrida, The Jakarta Post, Jakarta PT First Media, the broadband multimedia service provider from the Lippo Group, has built four of 10 base transceiver stations (BTS) for WiMAX broadband wireless access after winning a license in August.
Sun, 15 Nov 2009
China to invest in RI infrastructure development
Singapore(ANTARA News) - Chinese President Hu Jintao has promised that his country would invest in electricity and infrastructure development in Indonesia.Industry Minister M Hidayat made the statement here on Saturday as he was asked about the result of President Susilo Bambang Yudhoyono`s...
Sun, 15 Nov 2009
RI geothermal investment opportunities offered to NZ
Singapore (ANTARA News) - Indonesia has offered investment opportunities in the geothermal field to New Zealand to develop environmentally-friendly energy based on the "green growth" principle.
Sun, 15 Nov 2009
Govt to make country world`s biggest palmoil producer
Yogyakarta (ANTARA News) - Agriculture Minister Suswono said here on Saturday the government would continue to strive to make Indonesia the world`s biggest palmoil producer."Palmoil is one of the commodities the state is relying on for foreign exchange income.
Sat, 14 Nov 2009
Sabang port being prepared to accommodate supertankers
Banda Aceh, (ANTARA News) - The port of Sabang in the Sumatran province of Aceh is being prepared to be able to accommodate super tankers and super cargo ships to pass the Strait of Malacca, governor Irwandi Yusuf said.
Sat, 14 Nov 2009
Indonesia needs 35,000 tourist guides
Pontianak (ANTARA News) - Indonesia is in need of around 35,000 tourist guides in light of the country`s target of attracting 7 million foreign tourists in 2010."The Indonesian Tourist Guides Association (HPI) at present has 12,000 members, and for just 2 million tourists, we need around...
Sat, 14 Nov 2009
State Financing Urged for Sunda Strait Bridge
The country’s biggest toll-road operator said on Friday that it wanted to participate in the development of the massive Sunda Strait Bridge project, but urged the government to play a bigger role in financing the project, saying it was not currently attractive to international investors.
Sat, 14 Nov 2009
Indonesia Sets January Deadline for New Land Regulation
Anew government regulation intended to speed up the acquisition of land for infrastructure projects is set to be finalized by January, a minister said this week.The new regulation would reduce the amount of time spent negotiating for land and end disruptive land speculation, Public Works Minister...
Fri, 13 Nov 2009
Legal reform will take time
JAKARTA - INDONESIA needs a new state commission to oversee sweeping reform of the judicial system, a process which could take 10-20 years to complete, a top legal expert told Reuters in an interview on Friday.
Fri, 13 Nov 2009
Ministry to streamline regional spatial planning
The public works ministry will lead an inter departmental team to audit spatial proposals to streamline overlapping policies and plans, tackling the bottlenecks now hampering infrastructure projects.The result of the audit will serve as a basis for the formulation of a presidential decree that...
Fri, 13 Nov 2009
Jakarta in the dark, Indonesians angry with power company
PLN Electricity Company bosses are blamed. They pledge compensation. Many in East Java and South Sulawesi have to endure hardships. In the last few weeks, power cuts last 10 to 12 hours a day. About 32,000 small- and medium-sized firms experience “monumental” losses.
Thu, 12 Nov 2009
Kadin says FTAs need `guidelines'
The Indonesian Chamber of Commerce and Industry (Kadin) has requested inclusion of guidelines for bilateral and multilateral trade agreements in the coming trade law in a bid to create a better fit between trade and industrial policies.
Thu, 12 Nov 2009
Monopoly rears its ugly head
The state electricity monopoly (PLN) raised again its ugly head with more extensive damages as rotating power blackouts, previously limited mostly to areas outside Java, have now hit even the capital city, the centre of political and commercial power.
Thu, 12 Nov 2009
Carrefour Indonesia Antitrust Saga Underlines Regulatory Mess
Concerned investors are asking why two government agencies approved Carrefour’s purchase of subsidiary PT Alfa Retailindo just two years ago if it was clearly in breach of antimonopoly regulations, as the country’s antitrust watchdog claimed this month when it ordered the French retailer to...
Thu, 12 Nov 2009
Indonesia-EU Free-Trade Agreement Faces Hurdles
Indonesia and the European Union signed a new trade and investment agreement on Monday, but a free trade agreement with the EU remains a distant dream.Martua Sihombing, the Trade Ministry’s director of bilateral cooperation, said an Indonesia EU-FTA is still a long way off.
Thu, 12 Nov 2009
Jakarta Property Demand Rising, Firm Says
Demand for all types of property in Jakarta grew during the third quarter due to increasing consumer confidence about the domestic and global economies and lower interest rates, property consultancy PT Procon Indah said on Wednesday.
Thu, 12 Nov 2009
Corruption Watchdog Reports Potential Revenue Loss From Mining
TEMPO Interactive, Jakarta: Government's revenue from mining industry and concessions in the last 13 years has been below the supposed amount, the Indonesia Corruption Watch reported on Wednesday. Legal violations in mining sector also spanned from licensing, spatial and environment management, up...
Thu, 12 Nov 2009
Suzuki to relocate motorcycle plant from Thailand to Indonesia
Jakarta (ANTARA News) - Japanese automotive company Suzuki plans to relocate its motorcycle plant from Thailand to Indonesia in 2010, citing the huge market as one of its reasons."Suzuki originally wanted to develop (motorcycle industry) in Thailand but it later decided to switch to...
Thu, 12 Nov 2009
US investors interested in RI`s infrastructure
Jakarta (ANTARA News) - Chairman of the US Chamber of Commerce Robert S Milligan said that infrastructure is the most attractive sector US businessmen want to invest in Indonesia."It seems that the infrastructure sector was the most attractive one.
Wed, 11 Nov 2009
Indonesia's Growth Gains Speed
JAKARTA -- Indonesia's pace of growth accelerated in the third quarter, indicating a sustained recovery for Southeast Asia's largest economy due to a rebound in household spending, and investment by companies and industries.[Indonesia GDP chart]Indonesia's economy grew 3.
Wed, 11 Nov 2009
Chinese businessmen tour W Kalimantan exploring investment opportunities
Pontianak (ANTARA) - Dozens of Chinese businessmen visited a number of regencies and cities in West Kalimantan exploring investment possibilities and prospects, West Kalimantan Deputy Governor Christiandy Sanjaya said here Tuesday.
Wed, 11 Nov 2009
Indonesia May Push ‘Buy Local’ Rule For State Companies
The government is considering issuing a regulation requiring state-owned enterprises to allocate 30 percent to 50 percent of their spending on locally made goods to help push the country’s economic growth. The announcement was made on Tuesday by MS Hidayat, the new industry minister.
Wed, 11 Nov 2009
Indonesian Maritimes Ministry May Seek to Triple Aquaculture Production
Minister for Maritime Affairs and Fisheries Fadel Muhammad said Tuesday that his ministry would set the ambitious goal of tripling aquaculture production next year if its proposed 50 percent budget increase is approved by the Finance Ministry and the House of Representatives.
Wed, 11 Nov 2009
Indonesia remains favorite investment destination for Hong Kong companies
Indonesia is the favorite investment destination for Hong Kong companies, an official with the Hong Kong Special Administrative Region (SAR) told Xinhua on Tuesday."Indonesia remains the favorite investment destination for us.
Wed, 11 Nov 2009
Batam residents decry lack of legal standing
Residents of Batu Aji district in Batam, Riau Islands, rallied Monday at the Batam Industrial Development Authority (BIDA) office to protest the protected forest status recently conferred on their land.
Wed, 11 Nov 2009
Indonesian Economic Growth Ticks Up As Confidence Increases
After three consecutive quarters of slowing growth, Indonesia’s economy started to improve in the third quarter, growing 4.21 percent compared with the same period last year.However, with the agriculture and manufacturing sectors still growing more slowly than other sectors, the outlook for the...
Tue, 10 Nov 2009
Bringing the service industry back to RI
For a decade following the fall of Soeharto, Indonesia has long been viewed as the sick man of Asia. Now, it is difficult for South East Asian countries to reject the de facto leadership status of Indonesia, particularly in representing the region's economic interest.
Tue, 10 Nov 2009
Indonesian Businessmen Unprepared for Free Trade
TEMPO Interactive, Surakarta:Surakarta branch of Indonesian Chamber of Commerce (KADIN) chairman, Hardono, said that Surakarta businessmen are unprepared for the implementation of the ASEAN free trade in 2015.
Tue, 10 Nov 2009
Sukoharjo to Open Special Industrial Area
TEMPO Interactive, Sukoharjo: The Sukoharjo Regent, Bambang Riyanto, has said that in order to increase economic growth, he planed to open a new special industrial area.“It is 300-350 hectare in size, and located in Nguter sub-district,” he said yesterday (11/9).
Tue, 10 Nov 2009
West Java Offers a US$ 4,37 Billion Investment
TEMPO Interactive, Bandung:West Java offered 27 investment projects worth US$ 4,37 billion during the West Java International Expo 2009. The projects include potable water management, agro-business, toll road infrastructure, to geothermal power.
Tue, 10 Nov 2009
Indonesia Tells Domestic Coal Firms to Set Aside 30% for Power
The government said on Monday that it had asked domestic coal producers to set aside 30 percent of their output next year to meet demand from new coal-fired power plants.“The government needs a guaranteed coal supply to support the 10,000 megawatt ‘fast track’ program,” Energy Minister...
Tue, 10 Nov 2009
Infrastructure Spending Spree Just Ahead, Indonesian Government Says
Finance Minister Sri Mulyani Indrawati on Monday said she was confident the government could still spend nearly 60 percent of this year’s allocation to infrastructure-related stimulus projects within the next seven weeks - even though it had spent only 42 percent during the first nine months of...
Tue, 10 Nov 2009
Japanese bizmen complain about frequent power blackouts
Jakarta (ANTARA News) - Japanese entrepreneurs belonging to the Kansai industrial group have lodged a complaint with Industry Minister MS Hidayat regarding frequent power blackouts their companies in Indonesia are experiencing."(They) had particularly asked about the electrical power problem.
Mon, 09 Nov 2009
Government Prepares Five SEZ Locations
TEMPO Interactive, Jakarta: The Minister of Industry, M.S. Hidayat, has said that five locations have been prepared for special economy zones (SEZ) including in the eastern part of Sumatra, West Java's north coast road (Pantura), eastern part of Kalimantan, Sulawesi, and Merauke in Papua.
Mon, 09 Nov 2009
Taking a closer look into Kadin's economic road map
The Jakarta Post's senior editor Manggi Habir met recently with Faisal Basri and Yuri Sato, two senior economists who were key architects of the Indonesian Chambers of Commerce and Industry's (Kadin) recently launched 2010-2014 economic road map.
Mon, 09 Nov 2009
Summit to boost tourism investment: Asita
Jakarta (ANTARA News) - The Association of the Indonesian Tour & Travel Agencies (Asita) said tourism investment in Indonesia would grow positively after the holding of last month`s national summit.
Mon, 09 Nov 2009
Government Cancels the Oath of Office for Chief of Investment Board
TEMPO Interactive, Jakarta: The government has cancelled the plan to administer the oath of office of Gita Wirjawan former President Director of JP Morgan Indonesia to officiate his appointment as the new Head of Investment Coordinating Board.
Fri, 06 Nov 2009
Pay-TV Has Yet to Pay Off, But Market is Wide Open
The nation’s pay-TV providers have failed to turn a profit yet, but they are rapidly adding customers as they scramble to capture a largely untapped market.Last year, 850,000 Indonesian households subscribed to pay-TV - about 2 percent of the 40 million who own televisions.
Fri, 06 Nov 2009
RI needs reform body: WB
Indonesia may need a regulatory reform commission to tackle coordination problems between economic ministries in a bid to boost investment and accelerate economic growth after the economic crisis, the World Bank says.
Fri, 06 Nov 2009
Polish Businessmen Visit Batam
TEMPO Interactive, Batam: A delegation of about 38 Polish businessmen led by Remigiusz Yakubuski yesterday met with the governor of Riau Archipelago, Ismeth Abdullah, in Batam.Accompanied by Indonesian Ambassador to Poland, Hazairin Pohan, the group asked about investment opportunities in the free...