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Fri, 04 Dec 2009
Business leader advised to prepare for FTA`s impact
Jakarta (ANTARA News) - MS Hidayat, chairman of the Indonesian Chamber of Commerce and Industry (Kadin) has called on the organization`s members to prepare themselves for the implementation of the Free Trade Agreement (FTA) next month.
Fri, 04 Dec 2009
RI sits on 28,000 mw of geothermal resources
Denpasar, Bali (ANTARA News) - Energy and Mineral Resources Minister Darwin Zahedy Saleh said Indonesia had geothermal energy resources of up to 28,000 megawatt with a potential power generating capacity of 13,440 MW.
Thu, 03 Dec 2009
Indonesia should grab potential FDI from foreign house buyers: association
JAKARTA, Dec. 3 (Xinhua) -- Indonesia should seize potential foreign direct investment (FDI) source from foreign house buyers to increase economic development, an official said here on Thursday. Lukman Purnomosidi, Deputy Chairman of Indonesian Chamber of Commerce and Trade (KADIN) for Housing and...
Thu, 03 Dec 2009
Palm Oil Prices to Surge in 2010 on Back Of Higher Demand, Supply Disruptions
Palm oil, little changed, may extend a four-week rally on speculation demand will remain robust in India and China, the biggest consumers of the edible oils.Palm oil prices are poised to rise “sharply” next year amid potential supply disruptions from El Nino, Dorab Mistry, director of Godrej...
Thu, 03 Dec 2009
CPO Biodiesel Production Plan May Lift Regions
The government is planning to develop regional centers for processing palm oil into biodiesel and other products to boost profit margins and create jobs, a minister said on Wednesday.The government is seeking investment to produce oleochemicals - used to make household products like soaps,...
Thu, 03 Dec 2009
SBY economic team may lose trust and market confidence
Vincent Lingga, Jakarta Who in the government can we trust if then Bank Indonesia governor Boediono and Finance Minister Sri Mulyani Indrawati turn out to have compromised their policy decisions in bailing out Bank Century in late November 2008?That was one of the great concerns expressed by most...
Thu, 03 Dec 2009
Food project to attract big investment
A planned large-scale commercial farming or food estate project in Merauke, Papua, is expected to trigger fresh investment of up to Rp 50 trillion (about US$5.3 billion) in the area in the next five years.
Thu, 03 Dec 2009
Incentives upcoming for palm oil downstream sector
Indonesia, now the world’s number one crude palm oil (CPO) producer, wants to become number one in the palm oil downstream sector with a number of government incentives currently being deliberated to boost the downstream sector.
Wed, 02 Dec 2009
Indonesian CPO controls 14.37 percent of world market
Nusa Dua (ANTARA News) - Indonesia`s crude palm oil (CPO) production which last year reached 19 million tons now controls 14.37 percent of the world`s vegetable oils` market, a minister said."CPO accounts for 33.
Wed, 02 Dec 2009
Govt to give incentives to growth boosting investors
Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa said the government will give incentives only to investors who can boost the country`s economic growth."The incentives will not be made available on a pro rata basis but will be given only to investors who make an...
Wed, 02 Dec 2009
Indonesia allocates 18 million hectares of land for palm oil
Indonesia's position as the world's number one palm oil producer would likely not be shaken in years to come as the country still has 18 million hectares of land that could be used for palm oil plantations, almost double the current 9.7 million hectares that have been licensed for palm oil estates.
Wed, 02 Dec 2009
Govt to provide incentives to boost palm oil industry
Coordinating Minister for Economy Hatta Radjasa promised Wednesday that the government would provide incentives to boost the development of palm oil industry into the downstream level, to provide more employment.
Tue, 01 Dec 2009
Indonesia sees trade volume with China to reach 50 bln USD next 5 years
JAKARTA, Dec. 1 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono on Tuesday said that Indonesia's trade volume with China is expected to reach 50 billion U.S. dollars in next five years on spur of the improving economic performance, Indonesian Presidential spokesman said here Tuesday.
Tue, 01 Dec 2009
Indonesia graft hits forest carbon offset: HRW
JAKARTA - Rampant corruption in Indonesia's forestry sector costs the government two billion dollars a year and undermines plans to use forest conservation to offset carbon emissions, a report said Tuesday.
Tue, 01 Dec 2009
Exports hit record high this year: BPS
Indonesia posted this year's record high in exports, selling US$11.88 billion of goods in October, amid falling demand caused by the global economic downturn, the Central Statistics Agency (BPS) announced Tuesday.
Tue, 01 Dec 2009
Indonesia says to give new incentives to oil investors
JAKARTA, Nov 30 (Reuters) - Indonesia will give new incentives to oil and gas investors, including more favourable tax treatment and production split, in order to encourage more exploration, the mines and energy minister said on Monday.
Tue, 01 Dec 2009
Indonesian Commerce Chamber Calls for Coordinated Farming Policies
The Indonesian Chamber of Commerce has called on the government to issue a joint ministerial decree to eliminate overlapping functions of ministries in dairy and beef farming.The chamber, also known as Kadin, said eliminating the overlaps would help Indonesia compete in a free trade agreement...
Tue, 01 Dec 2009
RI to ask for postponement of CAFTA implementation
Jakarta (ANTARA News) - Several industries in Indonesia will ask for a postponement of the implementation of the China-Asean Free Trade Agreement because they were not yet prepared, Minister of Industry MS Hidayat said.
Tue, 01 Dec 2009
Projects Won’t Be Pulled by UAE: Indonesian Government
Indonesian officials said on Monday that the Dubai World debt crisis would not effect commitments from investors in the United Arab Emirates to finance several major projects here, although they warned local companies to “seriously reconsider” plans to expand into the Middle East.
Tue, 01 Dec 2009
Questions Over Dubai Firm’s $600m Project in Lombok
As Dubai World’s debt crisis continues to ripple though global markets, the government on Monday questioned another emirate-owned company’s commitment to a $600 million tourism project in Lombok.“We have already fulfilled all [Emaar Properties’] requirements.
Mon, 30 Nov 2009
Indonesia’s geothermal development
Indonesia, which lies on the Pacific Ring of Fire, holds approximately 40 percent of the world’s geothermal reserves, equivalent to about 27,000 megawatts of electrical power. Most of the geothermal potential is found in Sumatra (13,800 MW), Java and Bali (9,250 MW), and Sulawesi (2,000 MW),...
Mon, 30 Nov 2009
Indonesian Businessman Strikes Back at McDonald’s
Bambang Rachmadi has fired back at fast-food giant McDonald’s, saying the US-based corporation created “artificial” losses at their domestic joint venture while “sucking” huge earnings out.“When [the joint venture] was operating in Indonesia from 1991 to 2008, McDonald’s sucked as...
Sat, 28 Nov 2009
China Seeks More Investment on Indonesia Agriculture
TEMPO Interactive, Jakarta: Chinese business representatives meeting with Industry Minister MS Hidayat on Thursday have expressed their wish to get tax incentive for investment.Chairman of the All-China Federation of Industry and Commerce Huang Mengfu said many chinese companies are seeking...
Sat, 28 Nov 2009
Industry no longer locomotive of RI`s economic growth
Jakarta (ANTARA News) - Industrial growth in Indonesia has continued to decline since 2006 and no longer serves as the locomotive of national economic growth, a national development planning official said.
Thu, 26 Nov 2009
Ancol aims to boost investment next year
Jakarta province owned developer and recreation operator PT Pembangunan Jaya Ancol will spend Rp 520 billion (US$55 million) in investment next year, to be partly financed by a planned bond issue, president director Budi Karya Sumadi said Tuesday.
Thu, 26 Nov 2009
Two factories for photocopy machines planned: Official
Two investors may become pioneers in the domestic photocopy machine industry, which is currently relying heavily on imports, as the two firms plan to build two separate factories costing about US$45 million in total investment.
Thu, 26 Nov 2009
RI’s growing prospect encourages GE to invest
When the widely-diversified business giant General Electric CEO Jeffrey Immelt visited Indonesia in October, he vowed to double his company’s investment which has reached US$1.2 billion on the back of the country’s economic resilient despite heavy blows from the global economic slowdown.
Thu, 26 Nov 2009
RI to maintain lead in world CPO production
Bogor (ANTARA News) - Indonesia will maintain its status as the world`s biggest producer of crude palm oil by increasing its production and quality to support economic growth, Prof Dr Amin Tamin Subandrion said.
Thu, 26 Nov 2009
New BKPM Chief Bullish On Foreign Investment
Gita Wirjawan, the new head of the Investment Coordinating Board, knows his job is not going to be easy.Charged with attracting foreign investors to the country, Gita takes over at the board, known as the BKPM, at a time when combined foreign and domestic investment during the first 10 months...
Thu, 26 Nov 2009
More Money, Land Needed To Boost Crops, Expert Says
Farmers’ lack of access to land and capital, and the rapid conversion of agricultural land to other uses, is restraining the country’s agricultural output, experts said at a seminar on the agriculture sector’s outlook in Jakarta on Wednesday.
Thu, 26 Nov 2009
Investors Ready to Bet on ‘Directionality’
Gita Wirjawan, the new head of the Investment Coordinating Board, is optimistic about the country’s future as an investment destination.He said foreign investors remained “bullish” on the country, despite long-term poor competitiveness ratings by international agencies.
Thu, 26 Nov 2009
Investors Steering Clear of Oil, Gas Bids Until Cost-Recovery Rules Ironed Out
Investors have largely ignored the Energy Ministry’s tenders for 17 oil and gas blocks offered in June because of the government’s plans to amend cost-recovery regulations, a senior ministry official said on Wednesday.
Thu, 26 Nov 2009
Exporters Watch and Worry As Indonesian Rupiah Continues to Rise
Coal and palm oil exporters’ profit margins may narrow should the rupiah rise another 4 percent to 9,000 per dollar, and the costs of fuel and rice keep climbing, industry groups said.Seven of 17 analysts in a Bloomberg News survey predict more gains in the currency, Asia’s best performer this...
Thu, 26 Nov 2009
Get Ready For Asean-China Free-Trade Pact: Indonesian Industry Minister
An Asean-China Free-Trade Agreement is coming, whether Indonesian producers “are ready or not,” Industry Minister MS Hidayat told lawmakers on Wednesday.The FTA will allow thousands of products from China to enter Indonesia with no import duties.
Thu, 26 Nov 2009
Domestic investment doubles as confidence climbs
The value of mobilized domestic investment doubled this year as confidence in the country's economy increased, the Investment Coordinating Board (BKPM) says.New BKPM head Gita Wirjawan told a hearing of the House of Representatives' Commission VI overseeing trade, business and state enterprises on...
Thu, 26 Nov 2009
New BKPM head to focus on expediting licensing system
“I will give you my name card with an email address so that you can email me your problem, and I will see to it that the matter you raised is rectified.”That was how Gita Wirjawan, the new chief of the Investment Coordinating Board (BKPM), addressed businessmen at the Indonesia-Australia...
Tue, 24 Nov 2009
New Indonesian Mining Law’s Rules on Outsourcing Spook Foreign Investors
A new government mining rule, limiting contract work that can be outsourced and favoring local players is shaping up as a fresh blow to plans to boost mining investment in the economy.The rule, attached to a mining law passed last year, presents an immediate challenge for new Energy and Mining...
Tue, 24 Nov 2009
Indonesia Sees Crisis in Foreign Investment
Combined foreign and domestic investment during the first 10 months of this year fell 13.8 percent from the same period last year due to the global economic crisis, the new head of the Investment Coordinating Board told a House of Representatives commission on Monday.
Tue, 24 Nov 2009
Honeymoon over for Yudhoyono
DENPASAR, Bali - The honeymoon ended for Indonesia's President Susilo Bambang Yudhoyono less than a month into his second term. Since his inauguration on October 20, there hasn't been much good news for SBY, as Yudhoyono is universally known here, and the downward spiral is accelerating.
Tue, 24 Nov 2009
Why Yudhoyono needs FDI
JAKARTA - Indonesian President Susilo Bambang Yudhoyono is widely expected to use his strong electoral mandate to push reforms in his second term to attract foreign investment. But the re-elected leader's first 100-day plan is already raising concerns that much-needed liberalization measures may be...
Tue, 24 Nov 2009
Domestic investment jumps 104.5 pct
Jakarta (ANTARA News) - Domestic investment in the year ended October 2009 climbed 104.5 percent to Rp32.47 trillion from the same period a year earlier, the Investment Coordinating Board (BKPM) said."The number of domestic investment projects rose to 212 from 194 previously," BKPM Chief...
Mon, 23 Nov 2009
Indonesia To Build World's Longest Bridge
Quoting: biznewsin Sumatra island, in which over 80 percent of the country's about 230 million population live, Shurely shome mishtake?
Mon, 23 Nov 2009
Indonesia To Build World's Longest Bridge
Quoting: biznewsIndonesia To Build World's Longest BridgeJAKARTA, Nov 19 (Bernama) -- Indonesia would begin constructing the world's would-be longest bridge in Sunda Strait connecting two main islands of Sumatra and Java in 2014, as an effort to boost infrastructure development in the southeast...
Mon, 23 Nov 2009
Indonesia To Build World's Longest Bridge
it's just a dumb idea from so many different angles, not just the tsunami risk.
Mon, 23 Nov 2009
Indonesia To Build World's Longest Bridge
Having a tsunami everyother year is this a good idea ?
Mon, 23 Nov 2009
RI’s growing prospect encourages GE to invest
When the widely-diversified business giant General Electric CEO Jeffrey Immelt visited Indonesia in October, he vowed to double his company’s investment which has reached US$1.2 billion on the back of the country’s economic resilient despite heavy blows from the global economic slowdown.
Mon, 23 Nov 2009
Indonesian 7-Eleven Expansion Plan Stymied by Bureaucracy
A local company’s plan to expand its 7-Eleven franchise nationwide appears stalled after its permits and motives were questioned by both local and central government officials on Friday.The country’s first outlet of the biggest convenience store chain in the world opened earlier this month in...
Mon, 23 Nov 2009
Govt eyes finalization of key airport projects
Airport development projects will be one of the priorities of the Transportation Ministry next year, including the finalization of ongoing expansion projects at three international airports, and constructing up to 31 smaller airports.
Sat, 21 Nov 2009
Palm Oil Exports From Indonesia to Rise, Group Says
Palm has had a bad rep for being an environmentally unsound boondoggle, but we rarely show the good side of palm. I aim to rectify that.
Sat, 21 Nov 2009
Indonesia, Australia eying expansion of business, trade
Investment Coordinating Board chairman Gita Wirjawan and deputy trade minister Mahendra Siregar will brief 150 Indonesian and Australian businesspeople at a two-day conference in Yogyakarta on new business opportunities within bilateral economic ties.