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Sat, 21 Nov 2009
Bizmen call for speedy settlement of Bibit-Chandra case
Depok (ANTARA News) - Businessmen are calling for an immediate settlement of the Bibit Samat Rianto and Chandra M Hamzah case, arguing further delays would make them lose their sense of legal certainty.
Sat, 21 Nov 2009
Sabang int`l seaport to operate in 2012
Banda Aceh (ANTARA News) - Aceh province`s Sabang international seaport which is now under construction is scheduled to commence operations in 2012, the port`s administrator said."The project is to support the economic growth of the Sabang Free Port and Trade Area," Sabang Port...
Fri, 20 Nov 2009
Palm Oil Exports From Indonesia to Rise, Group Says
Nov. 20 (Bloomberg) -- Palm oil output and exports from Indonesia, the biggest producer, may increase to a record next year as the global economic recovery stokes demand for the most- consumed vegetable oil, according to industry officials.
Fri, 20 Nov 2009
Govt plans to implement e-procurement nationwide
The newly established Government Procurement Regulatory Body (LKPP) plans to implement electronic procurement systems in all government institutions as its main target, in a bid to save the state money from inefficiencies.
Fri, 20 Nov 2009
Sumitomo Appointed For North Sulawesi Geothermal Project
TEMPO Interactive, Jakarta: State Electricity Company has appointed Japan's Sumitomo to build the 20 megawatt geothermal plant in North Sulawesi which was part of the second batch of the 10,000 megawatt project, an official with the state company said on Thursday.
Fri, 20 Nov 2009
BPPT to Build Geothermal Power Plant
TEMPO Interactive, Jakarta: Head of the National Agency for the Assessment and Application of Technology (BPPT), Marzan Aziz Iskandar, has said that the agency will build a geothermal power plant in Cibuni, West Java.“We have found the source,” Marzan told Tempo, on Thursday (19/11).
Fri, 20 Nov 2009
Indonesia To Build World's Longest Bridge
JAKARTA, 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 Asian largest economy.
Fri, 20 Nov 2009
OECD:Indonesia's growth underpinned by consumption, investment
PARIS, Nov 19 (Reuters) - Private consumption and a pick-up in investment will drive Indonesia's economy, with annual growth seen above 5 percent in the next two years, the Organisation for Economic Cooperation and Development said on Thursday.
Thu, 19 Nov 2009
Apindo demands no price setting for private electricity
The Indonesian Employers Association (Apindo) demanded no price-setting policy for privately generated electricity to foster investment and help end blackouts.Apindo chairman Sofjan Wanandi said that investors had been deterred from putting money in the electricity business because they had to...
Thu, 19 Nov 2009
Exemption of import duties on machines meets criticism
The Finance Ministry regulation exempting duties on selected imported machines for industrial development, issued Monday, met with criticisms from local businessThe regulation, which will come into effect on Dec.
Thu, 19 Nov 2009
Irish business to manage Sabang port
After years of uncertain negotiations, the Ireland-based Dublin Port Company has signed an 18-month business contract with the government to take control of the management of Sabang international port in Nanggroe Aceh Darussalam.
Thu, 19 Nov 2009
Indonesia Lifts Import Duty on Materials for Key Industries
In a bid to boost investment and increase global competitiveness, the government on Wednesday scrapped the 5 percent import duty normally imposed on machinery and raw materials for seven vital service industries.The Ministry of Finance said the regulation would take effect on Dec.
Thu, 19 Nov 2009
President blames PLN monopoly for power blackouts
President Susilo Bambang Yudhoyono blamed Tuesday the state utility firm PT PLN monopoly for the power shortages across the archipelago."It is wrong if PLN is not able *to meet the huge power demand*," the President said at the State Palace before a meeting to discuss the national power...
Thu, 19 Nov 2009
RI set to become an important food supplier
Given its abundant agricultural resources, Indonesia is well positioned to become one of the world’s most important food suppliers in the coming years, Vice President Boediono said Wednesday.“The development of infrastructure, including in the agriculture sector, is a top priority in the...
Thu, 19 Nov 2009
RI textile firms hit by flood of imports
The share of domestic textile producers in the national market is going to plunge to 50 percent by the year-end, down from 65 percent last year, as a wave of cheap imports to hits the domestic market, an association says.
Thu, 19 Nov 2009
RI`s q3 foreign investment inflows plunge 87 pct
Jakarta (ANTARA News) - Foreign investment inflows in Indonesia in the third quarter of 2009 plunged 87 percent to US$435 million from the same period last year.The slump made net foreign direct investment (FDI) suffer a deficit of US$70 million, thereby posing a challenge to the government to...
Wed, 18 Nov 2009
Lawmakers grill Mari over feasibility of planned FTAs
Lawmakers have demanded that Trade Minister Mari Elka Pangestu make available the feasibility studies on the proposed free trade agreements (FTAs) following business community concerns that losses may outweigh gains.
Wed, 18 Nov 2009
Sutanto spearheads BIN’s economic focus
In addition to defense and security matters, the State Intelligence Agency (BIN) has created a new position, an economic deputy, to advise the agency on potential economic threats.Newly appointed BIN chief Gen.
Wed, 18 Nov 2009
Indonesian Gas Woes Block Fertilizer Investment
Fertilizer firms need more than $6.2 billion from the private sector to upgrade their aging factories but cannot attract the money because of the problems they face in securing a reliable supply of natural gas to keep the factories running, the head of a state fertilizer firm said this week.
Wed, 18 Nov 2009
Textile Association Hails Extended Hours at Ports
The Indonesian Textile Association on Tuesday hailed the government’s plan to require four major seaports to operate around the clock as part of its commitment to boost trade this year.Ade Sudradjat, deputy chairman of the association, known as the API, said the plan would speed up the flow of...
Wed, 18 Nov 2009
Indonesia’s Small-Scale Palm Oil Farmers Finding Green Certification Costly
Indonesia’s small-scale palm oil farmers are not acquiring certifications as environmentally friendly producers because it is expensive and certified palm oil does not command a premium on world markets.
Wed, 18 Nov 2009
Investment may reach Rp2,000 trillion: BKPM
Jakarta (ANTARA News) - Investment in the country may reach Rp2,000 trillion so that the average economic growth target of 7 percent in the coming five years is achievable, the investment chief said."It is not easy to attract an investment of Rp2,000 trillion but it is neither impossible.
Tue, 17 Nov 2009
Removing the clogs
Culture and Tourism Minister Jero Wacik and Justice and Human Rights Minister Patrialis Akbar painfully discovered Sunday that most of the computers for processing visas on arrival at the immigration counters of Ngurah Rai International Airport in Bali were out of order.
Tue, 17 Nov 2009
Govt stricter on fruit and vegetable imports
On the grounds of helping to prevent imports of fruits and vegetables potentially carrying hazardous chemical residues, the Agriculture Ministry has imposed a ministerial regulation requiring the products to meet internationally-recognized safety standards.
Tue, 17 Nov 2009
BIN obliged to safeguard economy: Sutanto
The newly appointed State Intelligence Agency chief Gen. (ret) Sutanto said he would add a new post for a deputy for economic affairs in an attempt to prevent any economic disasters that could potentially threaten Indonesia’s sovereignty.
Mon, 16 Nov 2009
China Interested in Investing in Infrastructure and Electricity Projects
TEMPO Interactive, Singapore:Chinese president Hu Jintao has promised to participate in building the infrastructure sector in Indonesia and to invest in energy projects.This was communicated by Industry Minister M.
Mon, 16 Nov 2009
Carrefour to Promote Locally-grown Fruits
TEMPO Interactive, Jakarta:PT Carrefour Indonesia President Director, Shafie Shamsuddin, promised to introduce locally-grown fruits as exports through thousands of Carrefour supermarkets spread worldwide. “Indonesian fruits are considered halal-guaranteed and clean,” he said on Saturday.
Mon, 16 Nov 2009
Chinese technical equipment and commodity expo to be held in Indonesia
JAKARTA, Nov. 15 (Xinhua) -- A Chinese technical equipment and commodity expo will be held here from Nov. 19 to 22, expected to bolster trade and business ties between China and Indonesia, the organizing committee said in a statement on Sunday.
Mon, 16 Nov 2009
Papua lands provide many plants for biodiesel
Jayapura (ANTARA News) - Papua`s lands provide many oil-yielding plants for biodiesel as one of environmentally friendly renewable energy sources, a researcher has said.Lands in Papua have a variety of potential oil-yielding crops which can be processed into biodiesel, but so far only oil palm and...
Mon, 16 Nov 2009
Indonesia: All Food Estate Output to Be Exported
Large-scale commercial producers of food crops, such as rice, soybeans and corn, will only be able to sell their produce on export markets, the government said on Friday.The government said it would issue a regulation in February covering so-called food estates, large-scale commercial farms, before...
Mon, 16 Nov 2009
ASEAN-6 to achieve zero-tariff in January 2010
Jakarta (ANTARA News) - Six ASEAN member states will achieve their zero-tariff target for all merchandises moving across their borders as of January 1, 2010."This definitely calls for an ASEAN celebration," said Dr.
Sun, 15 Nov 2009
First Media begins building WiMAX BTS
Nani Afrida, The Jakarta Post, Jakarta PT First Media, the broadband multimedia service provider from the Lippo Group, has built four of 10 base transceiver stations (BTS) for WiMAX broadband wireless access after winning a license in August.
Sun, 15 Nov 2009
China to invest in RI infrastructure development
Singapore(ANTARA News) - Chinese President Hu Jintao has promised that his country would invest in electricity and infrastructure development in Indonesia.Industry Minister M Hidayat made the statement here on Saturday as he was asked about the result of President Susilo Bambang Yudhoyono`s...
Sun, 15 Nov 2009
RI geothermal investment opportunities offered to NZ
Singapore (ANTARA News) - Indonesia has offered investment opportunities in the geothermal field to New Zealand to develop environmentally-friendly energy based on the "green growth" principle.
Sun, 15 Nov 2009
Govt to make country world`s biggest palmoil producer
Yogyakarta (ANTARA News) - Agriculture Minister Suswono said here on Saturday the government would continue to strive to make Indonesia the world`s biggest palmoil producer."Palmoil is one of the commodities the state is relying on for foreign exchange income.
Sat, 14 Nov 2009
Sabang port being prepared to accommodate supertankers
Banda Aceh, (ANTARA News) - The port of Sabang in the Sumatran province of Aceh is being prepared to be able to accommodate super tankers and super cargo ships to pass the Strait of Malacca, governor Irwandi Yusuf said.
Sat, 14 Nov 2009
Indonesia needs 35,000 tourist guides
Pontianak (ANTARA News) - Indonesia is in need of around 35,000 tourist guides in light of the country`s target of attracting 7 million foreign tourists in 2010."The Indonesian Tourist Guides Association (HPI) at present has 12,000 members, and for just 2 million tourists, we need around...
Sat, 14 Nov 2009
State Financing Urged for Sunda Strait Bridge
The country’s biggest toll-road operator said on Friday that it wanted to participate in the development of the massive Sunda Strait Bridge project, but urged the government to play a bigger role in financing the project, saying it was not currently attractive to international investors.
Sat, 14 Nov 2009
Indonesia Sets January Deadline for New Land Regulation
Anew government regulation intended to speed up the acquisition of land for infrastructure projects is set to be finalized by January, a minister said this week.The new regulation would reduce the amount of time spent negotiating for land and end disruptive land speculation, Public Works Minister...
Fri, 13 Nov 2009
Legal reform will take time
JAKARTA - INDONESIA needs a new state commission to oversee sweeping reform of the judicial system, a process which could take 10-20 years to complete, a top legal expert told Reuters in an interview on Friday.
Fri, 13 Nov 2009
Ministry to streamline regional spatial planning
The public works ministry will lead an inter departmental team to audit spatial proposals to streamline overlapping policies and plans, tackling the bottlenecks now hampering infrastructure projects.The result of the audit will serve as a basis for the formulation of a presidential decree that...
Fri, 13 Nov 2009
Jakarta in the dark, Indonesians angry with power company
PLN Electricity Company bosses are blamed. They pledge compensation. Many in East Java and South Sulawesi have to endure hardships. In the last few weeks, power cuts last 10 to 12 hours a day. About 32,000 small- and medium-sized firms experience “monumental” losses.
Thu, 12 Nov 2009
Kadin says FTAs need `guidelines'
The Indonesian Chamber of Commerce and Industry (Kadin) has requested inclusion of guidelines for bilateral and multilateral trade agreements in the coming trade law in a bid to create a better fit between trade and industrial policies.
Thu, 12 Nov 2009
Monopoly rears its ugly head
The state electricity monopoly (PLN) raised again its ugly head with more extensive damages as rotating power blackouts, previously limited mostly to areas outside Java, have now hit even the capital city, the centre of political and commercial power.
Thu, 12 Nov 2009
Carrefour Indonesia Antitrust Saga Underlines Regulatory Mess
Concerned investors are asking why two government agencies approved Carrefour’s purchase of subsidiary PT Alfa Retailindo just two years ago if it was clearly in breach of antimonopoly regulations, as the country’s antitrust watchdog claimed this month when it ordered the French retailer to...
Thu, 12 Nov 2009
Indonesia-EU Free-Trade Agreement Faces Hurdles
Indonesia and the European Union signed a new trade and investment agreement on Monday, but a free trade agreement with the EU remains a distant dream.Martua Sihombing, the Trade Ministry’s director of bilateral cooperation, said an Indonesia EU-FTA is still a long way off.
Thu, 12 Nov 2009
Jakarta Property Demand Rising, Firm Says
Demand for all types of property in Jakarta grew during the third quarter due to increasing consumer confidence about the domestic and global economies and lower interest rates, property consultancy PT Procon Indah said on Wednesday.
Thu, 12 Nov 2009
Corruption Watchdog Reports Potential Revenue Loss From Mining
TEMPO Interactive, Jakarta: Government's revenue from mining industry and concessions in the last 13 years has been below the supposed amount, the Indonesia Corruption Watch reported on Wednesday. Legal violations in mining sector also spanned from licensing, spatial and environment management, up...
Thu, 12 Nov 2009
Suzuki to relocate motorcycle plant from Thailand to Indonesia
Jakarta (ANTARA News) - Japanese automotive company Suzuki plans to relocate its motorcycle plant from Thailand to Indonesia in 2010, citing the huge market as one of its reasons."Suzuki originally wanted to develop (motorcycle industry) in Thailand but it later decided to switch to...
Thu, 12 Nov 2009
US investors interested in RI`s infrastructure
Jakarta (ANTARA News) - Chairman of the US Chamber of Commerce Robert S Milligan said that infrastructure is the most attractive sector US businessmen want to invest in Indonesia."It seems that the infrastructure sector was the most attractive one.