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Mon, 14 Dec 2009
IFC: Speed of reforms provides strength to attract investment
JAKARTA, Dec. 14 (Xinhua) -- The International Finance Corporation (IFC), a subsidiary of the World Bank, on Monday said that the speed of reforms implementation is more important than rank in attracting investment.
Mon, 14 Dec 2009
Indonesia's reformers under attack, worry investors
JAKARTA (Reuters) - Indonesia's improving political and economic outlook was a big draw for investors this year, but a fight between reformers and cronies may prove to be a tipping point in sentiment for the region's biggest economy.
Mon, 14 Dec 2009
RI’s coal, gas power plants promising, EU study says
A recent study for the European Union has highlighted Indonesia’s nascent coal and gas power plant sector as among the most promising for investors from the continent.The study, revealed last week, said Indonesia, with strong annual economic growth of more than 5 percent over the past several...
Mon, 14 Dec 2009
IFC eyes $100m efficient energy projects
With green energy awareness on the rise, Indonesia could have up to US$100 million worth of efficient energy projects in the next two years, the International Finance Corporation (IFC) predicts.IFC efficient energy program manager Tom Moyes said in an interview last week that his organization was...
Mon, 14 Dec 2009
Indonesian Chamber Eyes China Import Controls
Hoping to prevent cheap Chinese products from flooding domestic markets, the Indonesian Chamber of Commerce is calling on the government to tighten quality controls at the nation’s import gates.Local manufacturers have voiced concerns about being unprepared for the Asean-China Free-Trade...
Mon, 14 Dec 2009
Booze Sitting on Docks Has Indonesia's Hospitality Sector in a Spin
Dozens of containers filled with wine and spirits are being held up by customs at the country’s largest port, causing restaurants and hotels to worry they will be unable to meet the Christmas and New Year holiday demand.
Mon, 14 Dec 2009
Bumi Waras to build CPO processing plant in Bengkulu
Bengkulu (ANTARA News) - National Investor Bumi Waras (BM) Group will build a CPO (Crude Palm Oil) processing plant in Pino Raya sub district, South Bengkulu District, Bengkulu Province.The company would invest tens of billions of rupiahs for the CPO processing plant, according to Risman Sipayung,...
Sun, 13 Dec 2009
Govt to try increasing income from taxes
Jakarta (ANTARA News) - Finance Minister Sri Mulyani said the government would strive to increase its nominal income from taxes by 17 percent a year."With regard to policy the state`s income will be dominated by tax income rising from 78 percent to 84 percent and the tax ratio will rise in...
Sat, 12 Dec 2009
Economy can grow faster on logistics improvement
Indonesia’s economy may expand closer to 6 percent next year if the government can address problems related to sea transportation and ports, prominent economist Faisal Basri said.Faisal, who spoke in a seminar on politic and economic outlook held by Antara news agency, Thursday, said...
Fri, 11 Dec 2009
Carlyle Says ‘Stars Aligned’ for Indonesia, Seeks Investments
Dec. 11 (Bloomberg) -- Carlyle Group, the world’s second- biggest private-equity company, is “actively exploring opportunities” for its first investment in Indonesia as buyout firms raise bets on the resource-rich nation.
Fri, 11 Dec 2009
Additional Power On The Way for Java and Bali, PLN Says
Quoting: MarmaladeWho says history can't be re-written? http://jawawa.net/index.php?id=15119&topic=10068
Fri, 11 Dec 2009
Additional Power On The Way for Java and Bali, PLN Says
Quoting: KuKuKaChueditting Ahem.
Fri, 11 Dec 2009
Additional Power On The Way for Java and Bali, PLN Says
Indonesia state electricity firm PT Perusahaan Listrik Negara’s coal-fired power project in Labuan, Banten province, will be fully operational by March and will supply the Java-Bali grid with an additional 600 megawatts, State-Owned Enterprises Minister Mustafa Abubakar said on Thursday.
Fri, 11 Dec 2009
F&B expects stricter imports despite planned AC-FTA
The Indonesian Food and Beverage Industry Association (Gapmmi) has asked the government to enforce a 2008 Trade Ministry regulation on imports of some products, including those regulated under a free-trade agreement with the Association of Southeast Asian Nations and China (AC-FTA).
Fri, 11 Dec 2009
Hatoyama draws Japanese investors` attention to Indonesia
Nusa Dua (ANTARA News) - Japanese Prime Minister Yukio Hatoyama called on investors in his country to turn to Indonesia as an ideal place for investment, as the two countries have also sucessfully maintained a long time friendship."Take Indonesia into consideration.
Fri, 11 Dec 2009
RI needs Rp2,000 trillion in foreign investment annually
Nusadua, Bali (ANTARA News) - President Susilo Bambang Yudhoyono has said Indonesia needs foreign investment totaling Rp2,000 trillion annually with half of the amount expected to come from Japan."I hope half of the investment funds will come from Japan, and the rest from other...
Fri, 11 Dec 2009
IFC provides JICT with $70 million loan
Jakarta (ANTARA News) - The International Finance Corporation (IFC) has provided a loan of US$70 million to PT Jakarta International Container Terminal (JICT) for the expansion of the existing terminal and building more such infrastructure projects.
Thu, 10 Dec 2009
Corruption rife in goods and services procurement
yes, that's right, om. hard to believe, but there's corruption in indonesia.
Thu, 10 Dec 2009
Corruption rife in goods and services procurement
Jakarta (ANTARA News) - The government`s goods and services procurement is the most vulnerable area for corruption.In this sector, corrupt officials have stolen Rp689.19 billion or about 35 percent of the Rp1.9 trillion worth cases handled by the Corruption Eradication Commission (KPK) since 2005.
Thu, 10 Dec 2009
Government to Remove Some Taxes From Riau Trade Zone
TEMPO Interactive, Jakarta: The government announced plan to remove exit or entrance fee for commodities in Batam, Bintan, and Karimun Free Trade Zone as part of the plan to revise the trade regulation in the area.
Thu, 10 Dec 2009
Indonesia less competitive than regional peers, says European Union
Forget about competing with China - Indonesia lags behind Vietnam, Thailand and Malaysia in terms of trade and investment relations with EU member countries, an EU study revealed Tuesday.Despite being the largest economy in Southeast Asia, the volume of trade and investment between Indonesia and EU...
Thu, 10 Dec 2009
Indonesia's legal system biased and unfair
Jakarta, Indonesia - Three shameful cases brought before Indonesian courts recently reveal that the country’s legal system is in very poor shape. The law is applied forcefully against the poor and vulnerable, while the rich and powerful evade it with impunity.
Thu, 10 Dec 2009
Purwakarta, Yogyakarta best regions to invest this year
Purwakarta regency in West Java and Yogyakarta city in the special province of Yogyakarta were named the best regions Wednesday in terms of efforts to attract investment in 2009. Purwakarta regency won the award in the regency category, after beating Sidoarjo in East Java which finished second,...
Thu, 10 Dec 2009
BKPM to announce negative investment list
Jakarta (ANTARA News) - Head of the Capital Investment Coordinating Board (BKPM) Gita Wirjawan said his office would announce the negative investment list (DNI) early in 2010."It will be announced early next year and any change that would be made in it would be aimed at abolishing...
Thu, 10 Dec 2009
Indonesia's Import Services to go Online This January
The government is planning to launch an online, integrated documents-processing service for importers in January, the nation’s chief economics minister said on Wednesday.The move is intended speed up the process of submitting documents for traders, and make it easier for them to obtain clearance...
Thu, 10 Dec 2009
Indonesia Investment Reaches ‘Bottom,’ To Rise 15% in 2010: BKPM
The value of direct investment in Indonesia is predicted to rise by up to 15 percent next year after bottoming out in 2009, thanks to stable domestic economic conditions and an expected recovery elsewhere in Asia and beyond, the head of Indonesia’s main investment body said on Wednesday.
Wed, 09 Dec 2009
Malaysia-Indonesia should speak in one voice in defending anti-palm oil campaign
Kuala Lumpur (ANTARA/Bernama) -- Malaysia should not be alone in battling the anti-palm oil smear campaign, mounted by European activists and non-government organisations (NGOs), former Malaysian prime minister Dr MahathirMohamad said Tuesday."Indonesia is also a leading oil palm producer.
Wed, 09 Dec 2009
Asia Pacific Breweries set to acquire Indonesia`s Multi Bintang
From the APB website:APB Purchases Breweries in Indonesia and New CaledoniaIt sells its two breweries in India * Extends regional footprint to Indonesia and New Caledonia * Adds leading beer brands, Bintang and Number One, to its portfolioToday, Asia Pacific Breweries Limited (APB) entered into...
Wed, 09 Dec 2009
Indonesia battles with widespread corruption
BBC News JakartaAsk James Sunda about corruption in Indonesia and he will tell you a story that will make you laugh out loud.The 50-year-old musician had a simple problem - he lost his driving licence last year, so he went to his local police office thinking his details must be on file and getting...
Wed, 09 Dec 2009
Indonesia Considers Moves to Protect 11 Sectors From China FTA
Ministers will meet on Friday to discuss a proposal to renegotiate the Asean-China Free-Trade Agreement, which will reduce thousands of trade tariffs to zero and make it hard for some Indonesian manufacturers to compete with cheaper Chinese imports.
Wed, 09 Dec 2009
Domestic Investments Expected to Top Rp 28 Trillion
Tuesday, 08 December, 2009 | 17:13 WIBTEMPO Interactive, Jakarta:The government is expecting domestic investment for the next five years to be 10 times the value of the 2009 target, valued at US$ 20-30 billion.
Wed, 09 Dec 2009
Asia Pacific Breweries set to acquire Indonesia`s Multi Bintang
does this mean that Bintang will start tasting more like Heineken?
Wed, 09 Dec 2009
Asia Pacific Breweries set to acquire Indonesia`s Multi Bintang
Jakarta (ANTARA News/Asia Pulse) - Asia Pacific Breweries Limited has signed a deal to acquire 68.5 per cent of Indonesian brewer PT Multi Bintang Indonesia (JSX:MLBI) at a price of Rp2.23 trillion (US$240 million).
Tue, 08 Dec 2009
Corruption, lack of transparency blocks foreign investment in RI: EU
The European Union (EU) has identified Indonesia's poor governance and corruption practices as part of key obstacles to expanding trade and investment between European nations and Indonesia.That was concluded by the EU's recent study on challenges and opportunities for trade and investment in...
Tue, 08 Dec 2009
Indonesia's Palm oil economy drives human fortunes--And orangutan misfortunes
The net worth of Indonesia's 40 richest men has doubled to $42 billion in the past year, driven in no small part by the growing demand for palm oil, according to Forbes magazine's annual examination of the country's top richest people.
Tue, 08 Dec 2009
Indonesian says coal sale rule no bar to exports
NUSA DUA, Indonesia, Dec 7 (Reuters) - Indonesia will let coal producers keep exporting, despite missing domestic sales requirements as smaller firms undercut them, a senior mining official said on Monday, in an apparent delay to a 2008 rule.
Tue, 08 Dec 2009
President: Indonesia must not rely on exports only
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said Indonesia must not rely solely on exports but also empower its domestic economy and market in the future.Speaking before participants of a National Resilience Institute (Lemhanas) course at the palace here on Monday, he said all...
Tue, 08 Dec 2009
Combating corruption, the national epidemic
Probably the most SINGLE irrating factor in Indonesia is the corruption...tho, in other countries it is more hidden it still exists. Look at the recent WallStreet chaos, embezzlement, over paid CEO's...the scam after scan we have sustained and endured. 401 retirement accounts GONE...
Mon, 07 Dec 2009
Synthetic Fuel to be Developed
TEMPO Interactive, London:The Investment Coordination Board chairman, Gita Wirjawan and Managing Director of Sasol Synfuels International, Ernst Oberholster, signed an agreement in London Thursday last week to develop cool-to-liquid facilities in Indonesia.
Mon, 07 Dec 2009
Govt discussing plan to raise basic power rates
Jakarta (ANTARA News) - The government is currently discussing its plan to raise the basic electricity rate by 10 - 20 percent in 2010, a minister said, adding the decision on percentage has been agreed by the House of Representative.
Sat, 05 Dec 2009
Corruption and Credit Costs Are Holding Back Indonesia’s Growth, Credit Suisse Says
Michael DwyerIndonesia can’t replicate the economic growth of China and India because of impediments to investment such as corruption and high credit costs, according to Credit Suisse Group.“We don’t expect investment to take off,” Cem Karacadag, an economist at Credit Suisse in Singapore,...
Sat, 05 Dec 2009
RI and Sasol to study coal-to-liquid project
The Investment Coordinating Board (BKPM) and the world’s top fuel producer Sasol are to conduct a feasibility study on a potential coal-to-liquid facility in Indonesia that could generate 80,000 barrels per day, a project that could require US$10 billion in investment.
Sat, 05 Dec 2009
Govt to build 50 MW solar cell plant
As part of its efforts to generate electricity from renewable energy, the government will upgrade a solar cell power plant in Bandung to expand its capacity to 50 megawatts. Coordinating Economic Minister Hatta Radjasa said Friday the government had approved the plan and was now studying the best...
Fri, 04 Dec 2009
Combating corruption, the national epidemic
Quoting: biznewsA friend of mine from overseas was in Jakarta on a visit. He took a taxi - after a seriously inconvenient and irritating bargaining process with taxi drivers - only to be cheated out of hundreds of thousands of rupiah.
Fri, 04 Dec 2009
Indonesia Says Outlook Robust, Inflation in Check
JAKARTA -- Bank Indonesia kept its benchmark overnight rate unchanged at 6.5% during a rate review Thursday, and said the near-term outlook for Southeast Asia's largest economy is robust while inflation remains well contained.
Fri, 04 Dec 2009
Green Investments Summit Indonesia 2010
Indonesia the archipelago of 17000 islands owes its modern existence to integration of access of electricity and the increasing gap in the country's end-user energy market is threatening to set the country in energy poverty in less than 25 years.
Fri, 04 Dec 2009
Businessmen ask for more friendly regulation on CPO
Palm oil companies in the country said Thursday that the export regulation on crude palm oil (CPO) export was too tight and often influenced CPO prices."We have to pay 25 percent in tax for exporting CPO.
Fri, 04 Dec 2009
Dark clouds over the economy
The World Bank’s last quarterly report on Indonesia issued two months ago was entitled Clearing Skies.True, with an estimated economic growth of 4.3 percent, the highest in Asia after China and India, and the peaceful parliamentary and presidential elections in April and July that reinstalled...
Fri, 04 Dec 2009
Standardization fails to protect domestic industry: Lawmakers
The National Standardization Agency (BSN) has remained unable to promote standardization as a non-tariff barrier to protect the local industry from the global market’s volatility, legislators said Thursday.