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Found 1,458 articles

Four obstacles hindering investment in Indonesia, says govt

PS. I'm in Jakarta now.

Obama to push greater US ties with Indonesia

As a six-year-old schoolboy, US President Barack Obama played barefoot in Jakarta’s narrow dirt lanes. Electricity was scarce, water was drawn from wells and a dictator ruled the vast, resource-rich archipelago.

Four obstacles hindering investment in Indonesia, says govt

Indonesia faces four major obstacles that are stopping investors from spending money here, Coordinating Economic Minister Hatta Radjasa says.“We have to focus on resolving these four problems,” Hatta told journalists on Wednesday.

China to Invest in Railway Development

VIVAnews - Indonesia and China are committed to hold a partnership on the economy particularly an investment on infrastructure.According to Deputy Chairperson of the People's Consultative Council (MPR) and Functional Group (Golkar) Party Faction, Hajrianto Thohari, details as to the result of the...

US investment in RI expected to hit $1 bln

Jakarta (ANTARA News) - The Industry Ministry has projected US investment in Indonesia will hit a record high of US$1 billion in the next few years following President Barack Obama`s visit to the country on Nov 9-10.

RI preparing ISPO certification for oil palm plantations

Jakarta (ANTARA News) - Indonesia is preparing an Indonesian Sustainable Palm Oil (ISPO) certification as a guideline for environmentally friendly oil palm plantations in the country."Indonesia is currently preparing a guidance for developing sustainable oil palm plantations in line with the...

Obama: US wants to be RI`s biggest trade partner

Jakarta (ANTARA News) - Visiting US President Barack Obama said the US wants to become Indonesia`s biggest trade partner and investor.He made the statement at a joint press conference with President Susilo Bambang Yudhoyono after holding a bilateral meeting at the Merdeka Palace here on Tuesday.

US investment in RI soars to $871 million until Q3

Jakarta (ANTARA News) - US investment in Indonesia grew rapidly to US$871 million until the third quarter of this year, a minister said."Until the third quarter of 2010 (US investment) reached US$871 million, meaning that US investment outside the oil and gas sector grew rapidly,"...

Obama`s visit to increase economic relations: Kadin

Jakarta (ANTARA News) - The United States` President Barack Obama`s visit to Indonesia is a chance for both countries to increase their economic ties, a chamber official said."The visit can be an encouragement.

Taiwanese bizmen exploring investment opportunities in Riau fisheries

Tanjungpinang, Kepulauan Riau (ANTARA News) - A few Taiwanese businesspeople are to explore possibilities of investing in fisheries in Lingga district, Riau province, a local businessman said."The Taiwanese investors are very serious and tomorrow they will look at the potentials in Lingga...

S Africa May Cancel US$10 Bn Investment

VIVAnews - South Africa-based company South Africa Coal, Oil and Gas Corporation (Sasol) is likely to cancel around US$10 billion of investment in Indonesia due to the lack of coal supply from PT Bukit Asam Tbk.

Tourists to Bali to be Limited

TEMPO Interactive, Denpasar:The Minister of Tourism and Culture from the Megawati Era, Gde Ardika, has proposed the limitation of Bali tourists so that the Bali support capacity can be maintained.“This is no longer the time for mass tourism, but more of a qualitative target,” he said yesterday...

To compete globally RI must improve product quality

Surabaya, E Java (ANTARA News) - The strategy that should be applied in the face of global competition is to improve the quality of domestic products, a deputy minister said."We need a synergy program for the improvement of goods quality and competitive edge in the face of the global...

Indonesia should develop seaweed as biofuel

Jakarta (ANTARA News) - Indonesia should develop and use seaweed as a biofuel since the commodity can be easily produced on a massive scale in the country, a marine resources official said."Indonesia should adopt a strategy to develop its seaweed industry to produce biofuel and eventually make...

News Focus: RI aims to see 15 pct investment growth next year

Jakarta (ANTARA News) - Indonesia expects investment next year to grow by 15 percent of the target of Rp160.1 trillion for this year but critics suggest much needs to be done to improve the investment climate.

Obama May Find US Firms a Tough Sell in Indonesia

In plotting a path to boost US exports, the Obama administration has turned a keen eye to the trillions of dollars Indonesia and other Asian nations plan to spend on power plants, transportation and other infrastructure in coming years, expecting it to boost American makers of heavy equipment and...

President’s Trip Will Inspire American Firms to Target Indonesia: US Chamber

Jakarta. US President Barack Obama’s visit to Indonesia this week will encourage more American businesses to explore opportunities in the country, says Joe Bartlett, president of the American Chamber of Commerce in Indonesia.

Indonesia, Australia Look to Forge Economic Partnership

Camelia Pasandaran Indonesia and Australia on Tuesday agreed to establish a comprehensive partnership to increase the volume of trade and investment between the two countries.“For the sake of the two nations, we agreed to think about establishing a comprehensive economic partnership between us so...

In a golden cage

P.S. SURYANARAYANAin SingaporeA haze blankets the Indonesian city of Batam in Riau province bordering Singapore on October 22. The country's immediate ASEAN neighbours were dismayed that the man-made fires in Sumatra in mid-October were allowed to pose a health hazard to the adjacent areas in...

Reform Drive Seen as Key to Indonesian Growth

Jakarta. A policy group has urged Indonesia to renew its efforts to reform the bureaucracy, invest heavily in infrastructure and cut greenhouse gas emissions while the going is good.“The current environment offers Indonesia a unique opportunity to pursue its reform agenda.

RI should make ASEAN more economy-oriented : Observer

Jakarta (ANTARA News) - Under Indonesia`s leadership, ASEAN should be made more economy-oriented in preparation of the ASEAN Economic Community (AEC)`s platform without abandoning its traditional three pillars, an observer said.

Forbes Indonesia ready to invade business media market

Jakarta (ANTARA News) - Wahana Mediatama has launched its first edition of Forbes Indonesia, which is expected to invade the country`s business media market.Mediatama`s president director Millie Stephanie who is also the publisher said here on Monday "Indonesia is ready for an independent...

Construction of Indonesia`s first wind power plant started

Banda Aceh (ANTARA News) - Work on the construction of a wind power plant (PLTB) in Kluet with a capacity of 10 MW was started with Aceh Governor Irwandi Yusuf laying the foundation stone in Suak Bakong village, Kluet subdistrict, South Aceh regency, on Monday.

Foreign Investment in Indonesia Up 32%, With Property Leading Way

Indonesia. Indonesia saw foreign direct investment jump 32 percent to Rp 111.1 trillion ($12.4 billion), excluding oil and gas, and banking, in the first nine months of the year, with the property sector attracting the most investment.

India to negotiate free trade agreements with Indonesia, Thailand soon

Indonesia News.NetIn a move that can change the dynamics of trade in East Asia and also throw a challenge to China's economic dominance in its own backyard, India is looking forward to negotiate comprehensive free trade agreements with Indonesia and Thailand.

Japanese Water Company to Invest in Makassar

Makassar:Kubotech, a Japanese water pipe manufacturing company, plans to invest in Makassar, said Makassar Mayor Ilham Arief Sirajuddin, following his visit to Japan to present the concept of maritime mitigation.“In the near future, Kubotech will invest in Makassar.

Tapping into China’s economy

The 27 joint-venture deals signed by Indonesian and Chinese businesspeople during President Susilo Bambang Yudhoyono’s visit to Shanghai on Monday are further evidence of the accelerating expansion of the countries’ economic ties, especially since the launch of the Indonesia-China strategic...

Indonesia Most Complicated Country:World Bank

VIVAnews - Indonesia compared to the BRIC countries (Brazil, Russia, India and China) is considered the most complicated by the World Bank according to the survey which shows that Indonesia's bureaucracy hits the level of 16.2 compared to those BRIC countries at 13.7.

Cargill Considers Joining Eco-Friendly Palm Oil Production Scheme

Agribusiness giant Cargill may become the first major palm oil buyer to invest in a carbon credit scheme that rewards nations like Indonesia for preserving forests, a key official said on Wednesday.The Reducing Emissions from Deforestation and Forest Degradation (REDD) proposal would provide a...

Fund Manager Levitt Puts His Faith, And Much of His Money, in Indonesia

Jakarta. Like many fund managers and analysts, Robert Levitt is bullish on Indonesia, so much so that he now has more money invested in the country than in China.With Indonesia’s economy heating up and access to Chinese markets getting difficult, Levitt, the internationally known founder of...

Record Car Sales Overtaking Stalled Road-Building Plans

Booming car sales are rightly touted as a sign of the strength of Indonesia’s economy and the emergence of a middle class with robust purchasing power. But Indonesia is selling cars faster than it is building roads, increasing gridlock in cities and doing no favors for its efforts to attract...

Thousands of SMEs Face Difficulties in Expanding Products

TEMPO Interactive, Yogyakarta:Around 51.95 percent pf 22.091 small, micro, and medium-scale businesses (SMEs) in many sectors in Yogyakarta have difficulties expanding their business.The main problem is the lack of marketing network.

President Launches Indonesia – China Business Forum

TEMPO Interactive, Shanghai:President Susilo Bambang Yudhoyono officially opened the Indonesia-China business forum yesterday afternoon. The forum involves a number if businessmen from both countries.At least 500 businessmen from Indonesia and China welcomed the President at China Hall, Pudong...

West Lombok Hoteliers Submit Complaint on Bad Infrastructure

TEMPO Interactive, Mataram:Tourism development in Sekotong, West Lombok, West Nusa Tenggara (NTT) has been hindered by the limited road infrastructure in the regency. Although Sekotong tourism has developed in the past 10 years, the existing roads are inadequate to support its activities.

RI, China sign cooperation agreement in energy, mining fields

Shanghai (ANTARA News) - Indonesia and China signed six cooperation agreements in the fields of mining and energy on Monday.The signing of the memorandum of understanding between Indonesian and Chinese businessmen in the fields was done during a business forum in Shanghai, witnessed by Indonesian...

Indonesia asks China to increase investment

Shanghai (ANTARA News) - Indonesia has asked China to continue increasing its investment in the country."We hope there will be more investments from China," Indonesian president Susilo Bambang Yudhoyono said when opening a business forum between Indonesian and Chinese businessmen here on...

Changes to Indonesian Business Laws

In this article, Kelvin Chia and Marlon Wui share on the latest changes to Indonesian Business Laws. A must read for all doing business in Indonesia.What are some of the latest changes to Indonesian Business Laws that Singaporean businesses need to take note of?Certain developments in the laws and...

Java, Indonesia: the sleeping giant

When the sorcerer arrived, things got stranger still. Until then, the dancers had been prancing like horses, playing out some beautiful atrocity. Now they tore off their armour and rolled on the ground, thrashing and licking the dirt.

Will Indonesia be the world’s fifth largest economy?

Since surviving from the recent global crisis, with economic growth rate at 4.5 percent in 2009, while many other countries suffered economic contraction, some economic observers have started projecting the emerging economic power of Indonesia.

Indonesian Infrastructure PPP Projects Delayed

Jakarta. The government is unlikely to tender five infrastructure projects worth $4.44 billion that were offered through a pilot public-private partnership program this year because a key regulation is not yet ready, an official said on Friday.

News Focus: Economic zones designed to improve locals` welfare

Jakarta (ANTARA News) - If successful, the government`s plan to divide the country`s economic development into economic zones and clusters will create jobs for members of the local community for mutual welfare.

Unemployed Bachelor Degree Holders Apprehensive: Muhaimin

Semarang, Central Java (ANTARA News) - The number of unemployed bachelor degree holders had reached an apprehensive level, Minister of Manpower and Transmigration Muhaimin Iskandar said here on Sunday."Many of our bachelor degree holders does not have sufficient skills to work in the field...

Jamsostek has 9.12 million active participants

Jakarta (ANTARA News) - The number of active participants of the workers social insurance company PT Jamsostek has up to September 2010 reached 9.12 million, an increase compared to last year`s 8 million, the company said a press release on Sunday.

Aceh govt not to shut down iron ore mining

Banda Aceh, Aceh (ANTARA News) - Aceh Governor Irwandi Yusuf said the local government will not shut down PT Lhong Setia Mining`s iron ore mining activities in Aceh Besar district following a report the company dumped mud into rice field.

Govt planning us$60 billion economic corridors

Bandarlampung, Lampung (ANTARA News) - The government is discussing a US$60 billion worth of economic corridor development plan which will divide the country`s economic development areas into economic zones and clusters beginning in 2011, Chief Economic Minister Hatta Rajasa said.

President to address business forum in Shanghai

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono will be the key speaker at a business forum attended by 300 leading Chinese and Indonesia businessmen in Shanghai, China next week.According to a press statement from the office of the president`s special assistant for international affairs...

Astra to expand into three other sectors

Jakarta (ANTARA News) - PT Astra International said the automotive industry would remain its backbone while implementing a plan to expand into three other sectors."We will not leave the automotive industry as it is our backbone," the company`s president director, Prijono Sugiarto, said...

Indonesia ready to rival Thailand as automotive production base

Jakarta (ANTARA News) - Indonesia is ready to rival Thailand as an automotive production base, the president director of PT Astra Internasional (ASI), Prijono Sugiarto, said here on Saturday."This year is the year of automotive for Indonesia as a number of supporting indicators grow...

Indonesia expecting more Chinese investment

Jakarta (ANTARA News) - Indonesia hopes investment from China will increase and more of its products can be sold in that country following President Susilo Bambang Yudhoyono`s upcoming meeting with Chinese businessmen.

Japan Invests in Cassava Cultivation

TEMPO Interactive, Garut: Japan Invests in Cassava CultivationGarut– A Japanese company, Nihon Yakuzen Food, through PT Java Energy will invest Rp 742,1 billion in cassava cultivation. Wahyudijaya, the Garut Investment Office chief, said the project that will be carried out on a 15.