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Wed, 25 May 2011
Niko Resources says Statoil to become Indonesia JV partner
(Reuters) - Canadian oil and gas company Niko Resources Ltd said Norway's Statoil through its units will become a joint venture partner in Niko's production sharing contracts in Indonesia.Oil and gas company Statoil will earn a 40 percent working interest in each production sharing contract.
Wed, 25 May 2011
RI investment up 27 pct in first quarter this year
RI investment up 27 pct in first quarter this yearSurabaya (ANTARA News) - Investment in Indonesia has increased 27 pct in the first quarter of 2011 compared to last year`s."The increase was triggered by the big interest of local and foreign investors in Indonesia," head of the Capital...
Wed, 25 May 2011
Another expo of Chinese products in Jakarta
A lot of that Chinese stuff is total crap but they're coming up with some cracking stuff as well.I may have a wander if time permits.
Tue, 24 May 2011
Statoil to aquire stakes in Indonesian oil licenses
OSLO May 24 (Reuters) - Norwegian oil and gas firm Statoil (STL.OL) said on Tuesday it would aquire stakes in three offshore exploration licenses in Indonesia.The firm said it would acquire a 40 percent equity interest in a North Makassar Strait Production Sharing Contract (PSC) and "a similar...
Tue, 24 May 2011
South Sulawesi Ready to Export Meat by 2014
TEMPO Interactive, Makassar:Murtala Ali, South Sulawesi Animal Husbandry Office chief, said that South Sulawesi will be ready to export beef by 2014. He said the province focused on producing beef for the national market and to achieve food self-sufficiency.
Tue, 24 May 2011
Another expo of Chinese products in Jakarta
Jakarta (ANTARA News) - The Chinese government will hold another technology and products expo called "The 10th China Technical Equipment and Commodities Exhibition" in at the Jakarta International Expo in Kemayoran, from May 25 to 28, 2011.
Mon, 23 May 2011
Indonesia Open to be tourism window of nation: officials
The Indonesia Open golf tournament will be tourism window of the nation as it will be covered by several big media, officials said here on Monday.Sudrajat, secretary general of the Indonesian Golf Association, told a press conference that the tournament will be one of the biggest attraction to...
Mon, 23 May 2011
P&G plans to invest $100 million in Indonesia oleochemicals
JAKARTA (Reuters) - Procter & Gamble Co (P&G) (PG.N) will invest $100 million in the oleochemical sector in Indonesia, the country's industry minister MS Hidayat said on Monday."P&G is anticipating the need for 200,000 tonnes of fatty alcohol in the coming ten years from...
Mon, 23 May 2011
Indonesia Yet Confirm to M4 Manufacturing
TEMPO Interactive, Jakarta:Defense Minister Purnomo Yusgiantoro said the Malaysian defense industry’s offer to cooperate would be adjusted to local demand.The ASEAN defense ministers’ meeting last week agreed upon defense industry cooperation between ASEAN countries.
Mon, 23 May 2011
Oil field auctions receive poor response: Official
From: The Jakarta PostBy Rangga D. FadillahA lack of reliable data on potential reserves is a major reason why Indonesia’s oil and gas blocks are not appealing to investors, a senior official says.The director general of oil and gas at the Energy and Mineral Resources Ministry, Evita Herawati...
Mon, 23 May 2011
Palm Oil Industry Demands More Govt Aid as Prices Rise
Palm Oil Industry Demands More Govt Aid as Prices RiseFrom: The Jakarta GlobeMedan. Although it continues to fluctuate, the average price of palm oil this year will remain higher than last year as it moves toward $900 per metric ton, an industry association says.
Mon, 23 May 2011
RI exploring possibility of expanding European market through Serbia
Jakarta (ANTARA News) - Indonesia is exploring the possibility of expanding its export markets in European countries through Serbia, a country located on the crossroads between Central and Southeast Europe.
Sat, 21 May 2011
Bali Loses its Farmers
Bali has lost 30,000 of its farmers in a single year as their fabled emerald terraced rice fields, are being plowed under to make way for villas, hotels and restaurants, according to a survey by the Bali branch of Indonesia's Central Statistics Agency.
Fri, 20 May 2011
Asia Pacific Commercial Investment Activity Upticks as Region's Economy Grows
We escaped to Jakarta at David Dixon's fall/winter LG Fashion Week show – Toronto Life (blog) Property WireAsia Pacific Commercial Investment Activity Upticks as Region's Economy Grows …World Property ChannelNet effective rentals increased the most in Jakarta (+9.
Fri, 20 May 2011
Crude, Palm Oil Recoveries Boost JCI As Investors Hunt for Emerging Assets
From: The Jakarta GlobeThe continued recovery in commodity prices from last week’s reversals helped the Jakarta Composite Index to a second day of gains, boosted by investors seeking assets in emerging markets.
Fri, 20 May 2011
New Investors Could Return Mandala to Indonesia’s Skies
From: The Jakarta GlobeBy Francezka NangoyAfter a five-month search for new investors, Mandala Airlines’ prospects for the future soared as two companies announced they planned to buy stakes in the struggling airline.
Thu, 19 May 2011
Indonesia – South Korea Produce New Fighting Jets
Free F16s now this.lucky Indonesia
Thu, 19 May 2011
Govt told to limit coal, gas exports
By Rangga D. Fadillah, The Jakarta Post, Jakarta Amid soaring global oil prices, the government should limit exports of coal and natural gas to allow domestic energy consumers to substitute their oil demand with cheaper energy resources, an expert says.
Thu, 19 May 2011
Low Wages Not the Way to Attract Foreign Investment: Boediono
Low Wages Not the Way to Attract Foreign Investment: BoedionoFrom: The Jakarta GlobeBy Arientha Primanita Indonesian Vice President Boediono on Thursday said it was not necessary to push down wages to attract foreign investment.
Thu, 19 May 2011
S Korea Eyeing Indonesia Bridge Project
VIVAnews - South Korea voiced its interest to participate in the development of the Sunda Strait Bridge in Indonesia. "[The South Korean] president sent his Minister of Economy to discuss about the project," said Coordinating Minister for the Economy, Hatta Rajasa, on Thursday.
Thu, 19 May 2011
Indonesia – South Korea Produce New Fighting Jets
TEMPO Interactive, Jakarta:Indonesia and South Korea are producing five 4.5 generation multi-mission fighting jet prototypes, KF-X/IF-X. One of the five prototypes will be given to Indonesia. “The other four are for South Korea,” said Brig. Gen.
Thu, 19 May 2011
Reliance Invests US$ 10 Billion
TEMPO Interactive, Jakarta:Indian company the Reliance Group, plans to invest Rp10 billion in three sectors. Investment Coordination Board (BKPM) chief Gita Irawan Wirjawan said Reliance was interested in the mining, infrastructure and power plant.
Thu, 19 May 2011
South Korea eyeing RI infrastructure projects
Jakarta (ANTARA News) - South Korea has an interest to participate in infrastructure development in Indonesia, including the construction of Sunda Strait bridge."South Korea is interested in a number of infrastructure projects in Indonesia, including Sunda Strait bridge development,"...
Thu, 19 May 2011
VP concerned about oil production decline
Jakarta (ANTARA News) - Vice President Boediono expressed concern here on Wednesday over the decline in the country`s oil production and has asked BP Migas to pay serious attention to it.He said the oil sector had shown its good performance because oil production in Indonesia is declining.
Wed, 18 May 2011
Preference for Indonesian Coal Hurts South African Port
The price of coal shipped from South Africa’s Richards Bay Coal Terminal, the continent’s largest export facility for the fuel, fell to the lowest in six weeks as buyers opted for Indonesian supplies.Prices fell 2.4 percent last week to an average $120.
Wed, 18 May 2011
South Korea to Build Pipe Plant in Makassar in June
TEMPO Interactive, Makassar:South Korea’s PEM Korea Co Ltd will build the first HDPE Polyclin pipe manufacturing plant in eastern Indonesia. The US$ 5-10 million plant will be located on a 5,000-square meter area in the Makassar Industrial Zone (Kima).
Wed, 18 May 2011
Germany to Help Develop Agro-Industry in Sulawesi
TEMPO Interactive, Makassar:German Ambassador Norbert Bass says he will work to develop the agro-industry in South Sulawesi. A modernization team will be formed to provide consultation on equipment, experts and trade.
Wed, 18 May 2011
7 Day Exploration of Bali’s Textiles and Handicrafts
7 Day Exploration of Bali’s Textiles and HandicraftsMTA Travel offers September 10-17, 2011 Escorted Tour with Narelle Grudgfield Exploring Bali Handicrafts, Textiles and Culinary Traditions.Narelle Grudgfield of MTA Travel in Queensland has organized an exciting 7 night tour program focusing on...
Wed, 18 May 2011
RI, S. Korea to follow-up investment commitments in Bali
By Esther SambohThe Indonesian and South Korean governments and businesses will meet in Bali on Wednesday (today) to follow up on billions of dollars of investment commitments to accelerate economic expansion in both countries.
Wed, 18 May 2011
Investors Turn Focus Toward Malaysia, Indonesia in Search of Higher Yields
From: The Jakarta GlobeBy Suryani Omar Investors in Malaysia and Indonesia say they favor sovereign sukuk over a planned dollar issue by the Islamic Development Bank after government securities returned almost twice as much as the multilateral lender’s this year.IDB’s 1.
Wed, 18 May 2011
Oil Regulator Ready to Call Companies on the Carpet
From: The Jakarta GlobeBy Ririn Radiawati KusumaUpstream oil and gas regulator BPMigas plans to summon the country’s oil companies to seek an explanation on their failure to meet oil production targets this year, a top executive said.
Wed, 18 May 2011
Producers Rely on Imported Soybean
TEMPO Interactive, Kudus:Tofu and soybean curd producers in Kudus still rely on imported soybean for their raw materials. However, imported soybean prices have risen higher than local soybean prices. Imported soybean is now sold at 5,700 per kilogram, or Rp100 per kg higher than local products.
Wed, 18 May 2011
Jasa Tirta Prepares Electricity Investment
TEMPO Interactive, Malang:State water supplier Jasa Tirta I plans to maximize the company’s potential to increase its revenue. The Brantas River manager has prepared Rp37.6 billion to invest in electricity and a potable water system, including a solar-generated power plant, Lodagung 1, worth Rp4...
Wed, 18 May 2011
Govt temporarily stops allowing foreign investment in oil palm sector
Solo, Central Java (ANTARA News) - The government has temporarily stopped allowing foreign investors to develop new oil palm plantations so as to give opportunities to local businessmen, Forestry Minister Zulkifli Hasan said.
Wed, 18 May 2011
Bapepam-LK issues permit to Mega Capital Investama as investment manager
Bapepam-LK issues permit to Mega Capital Investama as investment managerJakarta (ANTARA) - The Capital Market and Financial Institutions Supervisory Board (Bapepam-LK) has issued a business permit to PT Mega Capital Investama as an investment manager.
Wed, 18 May 2011
LG opens branch in Cirebon
Cirebon, West Java (ANTARA News) - Electronics manufacturer PT LG Electronics Indonesia has opened a new branch in Cirebon, West Java, to serve customers in Java`s northern coastal areas between Cirebon and Tegal.
Wed, 18 May 2011
Jambi gets Rp55 billion in coal production sharing
Jambi (ANTARA News) - The Jambi provincial government got a production share of Rp55 billion in the exploitation of coal potentials in the province in 2010, a local government official said."The Rp55 billion value constitutes a share the Jambi province should receive based on Law No.
Wed, 18 May 2011
Indian IT businessmen wish to invest in Surabaya
Surabaya, East Java (ANTARA News) - An Indian information technology business company is interested in making an investment in Surabaya known to have a big potential in this field."The major Indian company whom we have invited to come here today is very interested in capital investment in...
Wed, 18 May 2011
Korean firm to build pipe plant in Makassar
Makassar, South Sulawesi (ANTARA News) - South Korea`s PEM Korea Co.Ltd plans to build a polyethylene pipe plant on two hectares of land at Makassar industrial estate in June.PEM Korea Co. Ltd. President Director Jin Hwan Ho signed a cooperation agreement for the construction of the plant with...
Mon, 16 May 2011
Will Indonesia lose the next oil palm?
By: Rhett Butler Deep in the rainforests of Malaysian Borneo in the late 1980s, researchers made an incredible discovery: The bark of a species of peat swamp tree yielded an extract with potent anti-HIV activity.
Mon, 16 May 2011
Quota hampers rattan exports
Jakarta (ANTARA News) - The rattan export quota for the April - June 2011 period has not yet been issued so that rattan exports are now being hampered, a rattan businessman said.The delay in their exports caused the quality of rattan products which are now ready for export to be reduced, Lisman...
Mon, 16 May 2011
Tourism serves as backbone of Bali`s economy
Denpasar, Bali (ANTARA News) - The tourism industry is the driving force of Bali`s economy which is able to provide job opportunities for locals as well as for those from other regions in Indonesia, a statistics official said.
Mon, 16 May 2011
I takes part in AIM 2011 to attract Mideast investors
London (ANTARA News) - Indonesia took part in the Annual Investment Meeting (AIM) 2011 at the Dubai International Convention and Exhibition Center recently as part of efforts to attract more Middle Eastern investors.
Mon, 16 May 2011
Some 400 Chinese firms to exhibit goods in Jakarta
Jakarta (ANTARA News) - About 400 Chinese companies will display electronic and machinery products in an international Expo to be staged in Kemayoran here on May 19 - 21, 2011, a Chinese official said."The number of participants in the exhibition - the sixth to be staged in Indonesia - will be...
Mon, 16 May 2011
RI-China trade in 2011 expected to reach US$50 billion
Jakarta (ANTARA News) - The value of non-oil/non-gas trade between Indonesia and China is expected to reach US$50 billion in 2011, a Chinese official said."The actual figure may even exceed US$50 billion," Chinese embassy spokesman Xu Qi Yi said at a press conference on a planned Chinese...
Mon, 16 May 2011
Pertamina encouraged to take part in Angolan oil field block
Jakarta (ANTARA News) - State Enterprises (BUMN) Minister Mustafa Abubakar said he had encouraged state-owned oil and gas company Pertamina to take part in the development of an oil and gas block in Angola.
Mon, 16 May 2011
Lebanese City offers space for Indonesian trade promotions
Cairo (ANTARA News) - The mayor of the Lebanese city of Baalbeck, Hachem Osman, has offered to provide space for Indonesian trade promotion activities in his territory.The offer was made at a meeting with the Indonesian ambassador to Lebanon Dimas Samodra Rum on Thursday, according to a press...
Fri, 13 May 2011
Indonesia Aims Australia's Mining Service
ASEAN-Australia-New Zealand free trade agreement gives other advantages to Indonesia.VIVAnews - Trough bilateral agreement with Australia, the government aims mining service imports from Australia. This cooperation is the continuance from the free trade agreement between ASEAN, Australia, and New...
Fri, 13 May 2011
Wilmar Q1 net profit down 3.7 pct, remains positive on outlook
SINGAPORE, May 13 (Reuters) - Wilmar International , the world's largest listed palm oil firm, posted a smaller-than-expected fall in first-quarter net profit hit by weakness in consumer products segment, derivative losses and loss from its new sugar milling business.
Fri, 13 May 2011
US$ 683 Million Needed for Solar Energy Investment
TEMPO Interactive, Jakarta:The government needs an investment of around US$ 683 million to optimize solar energy as an energy resource. The investment is needed to produce solar electricity with a capacity of 180 megawatts (MW) in 2013.