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Tue, 13 Nov 2007
World Bank Raises Indonesia’s Growth Projection
The World Bank continued to be upbeat on Indonesia’s economic prospects, with country head Joachim von Amsberg predicting expanding growth in 2008, despite global economic problems.Von Amsberg said the bank predicted 6.4% growth next year, just above this year’s expected figure of 6.
Tue, 13 Nov 2007
Modern Markets Policy Discussion Not Transparent
TEMPO Interactive, Jakarta: Several circles have urged the government be open in discussing the Draft of President Regulation on Modern Markets.So far the parties with interests in the policy (stakeholders) have acknowledged that they have not been involved yet as regards formulating the policy.
Tue, 13 Nov 2007
Health Minister Acknowledges Human Development Index Low
TEMPO Interactive, Jakarta: Health Minister Siti Fadilah Supari has acknowledged that Indonesia’s human development index is still low.Last year, Indonesia was in 108th position out of 177 countries in the world.
Tue, 13 Nov 2007
ALI`s CPO production up 11.6 percent
Jakarta (ANTARA News) - PT Astra Agro Lestari`s (AALI`s) crude palm oil production in October 2007 increased by 11.6 percent to 88,343 tons from 79,161 tons in September, a company executive said here Monday.
Tue, 13 Nov 2007
Bali`s handicraft exports to east Europe reach US$2.1 million
Denpasar (ANTARA News) - Bali`s handicraft exports to East Europe during the January-September period in 2007 reached a total value of US$2.1 million, the head of Bali`s industry and trade office`s foreign trade section, Ni Wayan Kusumawathi, said here Monday.
Mon, 12 Nov 2007
Mari wants more diversified trade with Australia
NUSA DUA, Bali (JP): Indonesian Trade Minister Mari Pangestu called on Indonesian and Australia business people to try to diversify the type of goods and services exchanged between the two countries as their two governments are exploring to establish a free trade agreement.
Mon, 12 Nov 2007
Businesses express doubt over govt incentive initiative
Businesses are cautiously welcoming the government's plan to provide incentives for industries willing to convert from oil to using other alternative sources of energy amid high oil prices, which seem to be on course to breaking the US$100 mark a barrel.
Mon, 12 Nov 2007
Indonesian consumer outlook mixed in October - surveys
Jakarta (ANTARA News) - Indonesian consumers were mixed in their outlook on the economy in two surveys in October, with some being bullish about the improving economic and employment outlook while others were downbeat about rising inflationarypressures.
Sat, 10 Nov 2007
There's No Place Like Home
Bali by the Numbers: Domestic Travelers are Still Bali's Strongest Inbound Market.(11/10/2007) What's the largest inbound market of travelers to Bali? A standard reply would usually include Japan, Australia, Taiwan and South Korea – countries which are indeed the four largest contributors of...
Sat, 10 Nov 2007
Running out of Runway in Bali
Growing Concern that Bali's Master Plan for Airport Development is Badly Out of Synch with the Future Needs of Bali's Tourism Industry.(11/10/2007) PT Angkasa Pura I, the managers of Bali's Ngurah Rai International Airport, surprised a meeting of local planners and regency officials on November 5,...
Sat, 10 Nov 2007
Bali Continues to Raise the Bar on Arrival Totals
Bali by the Numbers: October Foreign Arrivals Up +30.2% Over 2006.(11/10/2007) Preliminary Bali international arrival figures for October 2007 indicate another record month with 146,699 arrivals – a +30.2% increase over October 2006 when 112,696 foreign visitors landed in Bali.
Fri, 09 Nov 2007
Minister goes to the docks, likes what she sees
Irked by the customs service's long-tainted image as a hotbed of corruption and poor service, Finance Minister Sri Mulyani Indrawati took herself down to the docks to see how things have improved -- or worsened, as the case may be.
Fri, 09 Nov 2007
Doing Business in Indonesia Can be Easy
TEMPO Interactive, Jakarta: The rank of ease in business in Indonesia has the chance to go up 41 places from the 123rd to 82nd in 2008. On the condition that the government repairs the mechanism for starting a business, ownership registration and obtaining credit.
Fri, 09 Nov 2007
Electronics component firm eyes big expansion
Batam-based electronics component maker PT Sat Nusapersada, fresh from its IPO, plans to build a new factory and acquire stakes in two other companies next year to expand its operations and meet the growing demand for its products.
Fri, 09 Nov 2007
Procon says rising costs may delay property projects
Rising construction costs resulting from the surge in oil prices will likely cause a delay in a number of large property projects in the country's major cities, particularly Jakarta, a property consultant says.
Fri, 09 Nov 2007
Factory-gate prices may jump 10% in January: Apindo
JAKARTA (JP): Hit by rising oil prices, many factory-gate prices will have to rise by up to 10 percent early next year unless the government can reduce its chronic red tape so as to bring down the cost ofdoing business, says an association.
Thu, 08 Nov 2007
Indonesia needs up to US$39 bln to build power plants: minister
Jakarta (ANTARA News/Asia Pulse) - Indonesia needs up to US$39 billion in fresh funds to build new power plants capable of producing a total of 35,000 megawatts of power to meet requirements in 2015, a minister says.
Thu, 08 Nov 2007
Bali intends to limit number of cars
Denpasar, Bali (ANTARA News) - The Bali provincial administration intended to limit the number of cars on the island by imposing higher taxes in order the keep the island`s threshold in balance."By controlling the number of cars, we also hope to maintain the road infrastructures and decrease the...
Thu, 08 Nov 2007
Global views 'doubt Indonesia'
I think there is no turning back for China; they tasted capitalism they liked it and liking it more and more. I read that China is in the second place in terms of the number of richest billionaires.With Alibaba and PetroChina that are just recently going IPOed, no turning back for China.
Thu, 08 Nov 2007
Consumer confidence falls to new low
How was the survey conducted? Did the pollsters ask the same households consistently over a certain period? I am really skeptical about the numbers and what the numbers really mean? probably nothing. All I know is that my 1,000,000 Rupiah doesn't go along way; my carrefour basket is half full or is...
Thu, 08 Nov 2007
Indonesia finishes off the whole world
JAWA garbage slide, which killed nearly the same number of people as the Bali Bomb...
Thu, 08 Nov 2007
RI needs additional 35,000 MW of power
Indonesia needs up to Rp360 trillion (US$39 billion) in fresh funds to build new power plants capable of producing a total of 35,000 megawatts of power by 2015, a minister says.Energy and Mineral Resources Minister Purnomo Yusgiantoro said Wednesday the plan was part of a government effort to help...
Thu, 08 Nov 2007
Consumer confidence falls to new low
Consumers in the country are getting jittery from a possible domino effect from the lately pick-up in inflation to growth and beyond, putting their confidence on the economy at a down again, said a recent survey from the Danareksa Research Institute.
Thu, 08 Nov 2007
Global views 'doubt Indonesia'
Indonesia has a brighter investment future than China, but global perception underplays the reality in Indonesia, according to an executive of the European Business Chamber of Commerce (Eurocham).Eurocham vice chairman Leonard van Hien said here Wednesday that from many perspectives, investing in...
Thu, 08 Nov 2007
Abidin: Assembling enterprise in Batam
Set your dreams as high as the stars in the sky -- but also try to keep a firm grip on reality.That has been the philosophy long followed by entrepreneur Abidin, the president director of electronics assembly company PT Sat Nusapersada, the biggest business of its type in Batam.
Thu, 08 Nov 2007
Young designers talking about a revolution
Who would have thought that patrolling Jakarta's most glamorous shopping centers to investigate the latest fashion designs could put such a dampener on your spirits?Instead of stumbling across the "it-item" of the season, we found ourselves boxed into a maze of row after row of deathly boring...
Thu, 08 Nov 2007
Bali youngsters leaving agriculture as tourism booms
Ketut Widarti, 25, was born and raised in an idyllic agricultural village in Singaraja, Buleleng regency.Instead of working on the farm, however, Widarti moved to the provincial capital of Denpasar, where she has been living for the past five years.
Thu, 08 Nov 2007
Indonesia finishes off the whole world
I saw a half-hour report on Al Jazeera TV where they spoke to some American scientists, who had proven that organic waste (like we have in all these humongous garbage dump sites [rubbish tips]) is more efficient than corn or palm oil or cassava or any other plantation crop in producing Bio-fuels.
Thu, 08 Nov 2007
Indonesia finishes off the whole world
The rush to palm oil and biofuels threatens to release 14 billion tonnes of carbon from Indonesia's peatlands John Vidal, environment editor The Guardian Thursday November 8 2007 A hut in Riau, Indonesia, where palm oil plantations are a major cause of deforestation.
Thu, 08 Nov 2007
With simple reforms, RI can grab 41st spot in Doing Business survey
JAKARTA (JP): Without discouraging reforms on more complex platforms, the World Bank has said that by simply cutting bureaucratic red tape, Indonesia could significantly improve its position in the "DoingBusiness" survey next year."Potentially, Indonesia could jump to the 41st rank.
Thu, 08 Nov 2007
RI now world`s biggest palm oil producer : minister
Denpasar, Bali (ANTARA News) - Indonesia has become the biggest palm oil producer in the world with its output last year estimated to total 16 million tons, Agriculture Minister Anton Apriyantono said.Palm oil and its by-products were expected to contribute US$4.
Wed, 07 Nov 2007
Riau to offer 50 projects at investment summit
Up to 50 potential investment and business projects worth a total of US$1.8 billion will be on offer at the Riau Investment Summit in Pekanbaru on Nov. 7-8.The projects will range from an international airport, power plant, turnpikes and railways, to agribusiness, Raja Mambang Mit, Riau provincial...
Tue, 06 Nov 2007
Indonesian oil palm companies in line of fire
At first sight it appears to be a boy's scout camp, hidden in the forests of Sumatra. But it only takes a 50-meter stroll behind the camp to realize that the young people who have gathered there from the surrounding villages are not simply nature lovers enjoying their time in the forest, because...
Tue, 06 Nov 2007
Indonesia sees increasing motorcycles sales next year
Total sales of motorcycles in the country will likely increase from 4.4 million last year to 4.8 million this year and to about 5.2 million to 5.4 million next year, according to an executive."Indonesia, with a per capita income of US$1,600, will continue to see increased sales of motorcycles until...
Tue, 06 Nov 2007
Cash registers or alarm bells ringing for the telecoms industry?
A year isn't much in the life of a nation. But in the marketplace, it can be a lifetime. In the telecommunications market in Indonesia much has happened in the last 12 months -- and will continue to happen -- to the advantage of the consumer.
Tue, 06 Nov 2007
Subsidies hit biofuels development
Government fuel subsidies have hampered the development of the country's renewable energy sector, a minister said Monday.Energy and Mineral Resources Minister Purnomo Yusgiantoro said at the 2007 World Renewable Energy Regional Congress and Exhibition that growth in Indonesia's renewable energy...
Tue, 06 Nov 2007
Tenders for $2.5 bln in Toll Road Projects
The government plans to hold a tender for 11 toll road projects worth around Rp23 trillion ($2.53 billion) next year in a bid to boost economic growth, a public works ministry official said on Wednesday, Reuters reported.
Tue, 06 Nov 2007
Landmarks Boosts Investment in Bintan
Malaysian developer and leisure firm Landmarks Holdings is planning to invest a total of 4 billion ringgit ($1.20 billion) in a resort on Indonesia's Bintan island, The Edge financial daily said on Friday, citing a top company official, Reuters reported.
Tue, 06 Nov 2007
Bridgestone Commits to $133 Mln Expansion
Tire maker PT Bridgestone Tire Indonesia said it will make new investment of Rp1.2 trillion ($133 million) to expand its production capacity over the next three years, Asia Pulse reported on Friday (2/11/07).
Tue, 06 Nov 2007
Government adviced to spur energy diversification
Jakarta (ANTARA News) - The government needs to spur energy diversification in an effort to anticipate various energy problems in the future, House of Representatives (DPR) Speaker Agung Laksono said here on Monday.
Mon, 05 Nov 2007
Aust investors interested in building retirement village in Bali
i've actually done some fairly detailed research into the question of foreign medical workers in indonesia. basically, it is theoretically possible, however the conditions are so ridiculously stringent that very few ever make it. why? very simple.
Mon, 05 Nov 2007
Aust investors interested in building retirement village in Bali
Are these investors going to get the government to allow non-Indonesian doctors to practice medicine? The problems here are not with the equipment available but with the quality of the medical staff ...
Mon, 05 Nov 2007
Internet allows Cirebon furniture firm to taste success
The World Wide Web offers immense marketing opportunities for businesses of any industry and size, in any location, as it allows them to transcend traditional market boundaries.But in a country like Indonesia, where Internet penetration is still low, selling a product through the Internet is...
Mon, 05 Nov 2007
Modern Markets Regulation Awaits DNI Revisions
TEMPO Interactive, Jakarta: The government has confirmed that the Presidential Regulation on Modern Markets will be issued after the Presidential Regulation on the Revised Closed and Open Business List on condition that the Negative Investment List (DNI) is completed.
Mon, 05 Nov 2007
Miners want more market-friendly rules
Indonesia needs to introduce market-friendly regulations in order to encourage more investors to explore the country's rich mineral resources, a senior executive of a major mining company says.Roberto Castello Branco, a director of one of the world's biggest miners, CVRD Inco, said during a panel...
Mon, 05 Nov 2007
Aust investors interested in building retirement village in Bali
i was more thinking about you, dill. i've got brochures for you and everything. the development will have nursing staff on call at a press of a button, so you won't need to worry about your colostomy bag.these "retirement developments" are attempting to turn bali into australia's costa rica.
Mon, 05 Nov 2007
Aust investors interested in building retirement village in Bali
Brisbane (ANTARA News) - Some Australian investors are interested in doing business in Indonesia`s popular island resort of Bali where they can build an international hospital, a retirement village for Australian pensioners, and a luxurious cruiser pier, an Indonesian diplomat has said.
Sun, 04 Nov 2007
Indonesia Shrinking Market Share
From http://www.balidiscovery.com/messages/message.asp?Id=4115 Indonesia Shrinking Market Share Within the Competitive Circle of ASEAN Nations, Indonesia's Tourism is the Poorest Performer. (11/3/2007) While precise arrival figures for foreign tourist arrivals to all of the ten member countries of...
Sat, 03 Nov 2007
Thai investment in Indonesia
From a regional laggard, Indonesia has turned into a tremendous growth storyUMESH PANDEYAs industries in Thailand continue to face heavy pressure from the strong baht against the falling US dollar, higher oil prices and an influx of goods from lower-cost producing countries like China and Vietnam,...
Sat, 03 Nov 2007
CPO exports to remain good until end of 2007, trade minister says
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said she believed Indonesia`s crude palm oil exports would still be good until the end of this year although there was a decline in volume and value in September.