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Wed, 11 Nov 2009
Indonesia's Growth Gains Speed
JAKARTA -- Indonesia's pace of growth accelerated in the third quarter, indicating a sustained recovery for Southeast Asia's largest economy due to a rebound in household spending, and investment by companies and industries.[Indonesia GDP chart]Indonesia's economy grew 3.
Wed, 11 Nov 2009
Chinese businessmen tour W Kalimantan exploring investment opportunities
Pontianak (ANTARA) - Dozens of Chinese businessmen visited a number of regencies and cities in West Kalimantan exploring investment possibilities and prospects, West Kalimantan Deputy Governor Christiandy Sanjaya said here Tuesday.
Wed, 11 Nov 2009
Indonesia May Push ‘Buy Local’ Rule For State Companies
The government is considering issuing a regulation requiring state-owned enterprises to allocate 30 percent to 50 percent of their spending on locally made goods to help push the country’s economic growth. The announcement was made on Tuesday by MS Hidayat, the new industry minister.
Wed, 11 Nov 2009
Indonesian Maritimes Ministry May Seek to Triple Aquaculture Production
Minister for Maritime Affairs and Fisheries Fadel Muhammad said Tuesday that his ministry would set the ambitious goal of tripling aquaculture production next year if its proposed 50 percent budget increase is approved by the Finance Ministry and the House of Representatives.
Wed, 11 Nov 2009
Indonesia remains favorite investment destination for Hong Kong companies
Indonesia is the favorite investment destination for Hong Kong companies, an official with the Hong Kong Special Administrative Region (SAR) told Xinhua on Tuesday."Indonesia remains the favorite investment destination for us.
Wed, 11 Nov 2009
Batam residents decry lack of legal standing
Residents of Batu Aji district in Batam, Riau Islands, rallied Monday at the Batam Industrial Development Authority (BIDA) office to protest the protected forest status recently conferred on their land.
Wed, 11 Nov 2009
Indonesian Economic Growth Ticks Up As Confidence Increases
After three consecutive quarters of slowing growth, Indonesia’s economy started to improve in the third quarter, growing 4.21 percent compared with the same period last year.However, with the agriculture and manufacturing sectors still growing more slowly than other sectors, the outlook for the...
Tue, 10 Nov 2009
Bringing the service industry back to RI
For a decade following the fall of Soeharto, Indonesia has long been viewed as the sick man of Asia. Now, it is difficult for South East Asian countries to reject the de facto leadership status of Indonesia, particularly in representing the region's economic interest.
Tue, 10 Nov 2009
Indonesian Businessmen Unprepared for Free Trade
TEMPO Interactive, Surakarta:Surakarta branch of Indonesian Chamber of Commerce (KADIN) chairman, Hardono, said that Surakarta businessmen are unprepared for the implementation of the ASEAN free trade in 2015.
Tue, 10 Nov 2009
Sukoharjo to Open Special Industrial Area
TEMPO Interactive, Sukoharjo: The Sukoharjo Regent, Bambang Riyanto, has said that in order to increase economic growth, he planed to open a new special industrial area.“It is 300-350 hectare in size, and located in Nguter sub-district,” he said yesterday (11/9).
Tue, 10 Nov 2009
West Java Offers a US$ 4,37 Billion Investment
TEMPO Interactive, Bandung:West Java offered 27 investment projects worth US$ 4,37 billion during the West Java International Expo 2009. The projects include potable water management, agro-business, toll road infrastructure, to geothermal power.
Tue, 10 Nov 2009
Indonesia Tells Domestic Coal Firms to Set Aside 30% for Power
The government said on Monday that it had asked domestic coal producers to set aside 30 percent of their output next year to meet demand from new coal-fired power plants.“The government needs a guaranteed coal supply to support the 10,000 megawatt ‘fast track’ program,” Energy Minister...
Tue, 10 Nov 2009
Infrastructure Spending Spree Just Ahead, Indonesian Government Says
Finance Minister Sri Mulyani Indrawati on Monday said she was confident the government could still spend nearly 60 percent of this year’s allocation to infrastructure-related stimulus projects within the next seven weeks - even though it had spent only 42 percent during the first nine months of...
Tue, 10 Nov 2009
Japanese bizmen complain about frequent power blackouts
Jakarta (ANTARA News) - Japanese entrepreneurs belonging to the Kansai industrial group have lodged a complaint with Industry Minister MS Hidayat regarding frequent power blackouts their companies in Indonesia are experiencing."(They) had particularly asked about the electrical power problem.
Mon, 09 Nov 2009
Government Prepares Five SEZ Locations
TEMPO Interactive, Jakarta: The Minister of Industry, M.S. Hidayat, has said that five locations have been prepared for special economy zones (SEZ) including in the eastern part of Sumatra, West Java's north coast road (Pantura), eastern part of Kalimantan, Sulawesi, and Merauke in Papua.
Mon, 09 Nov 2009
Taking a closer look into Kadin's economic road map
The Jakarta Post's senior editor Manggi Habir met recently with Faisal Basri and Yuri Sato, two senior economists who were key architects of the Indonesian Chambers of Commerce and Industry's (Kadin) recently launched 2010-2014 economic road map.
Mon, 09 Nov 2009
Summit to boost tourism investment: Asita
Jakarta (ANTARA News) - The Association of the Indonesian Tour & Travel Agencies (Asita) said tourism investment in Indonesia would grow positively after the holding of last month`s national summit.
Mon, 09 Nov 2009
Government Cancels the Oath of Office for Chief of Investment Board
TEMPO Interactive, Jakarta: The government has cancelled the plan to administer the oath of office of Gita Wirjawan former President Director of JP Morgan Indonesia to officiate his appointment as the new Head of Investment Coordinating Board.
Fri, 06 Nov 2009
Pay-TV Has Yet to Pay Off, But Market is Wide Open
The nation’s pay-TV providers have failed to turn a profit yet, but they are rapidly adding customers as they scramble to capture a largely untapped market.Last year, 850,000 Indonesian households subscribed to pay-TV - about 2 percent of the 40 million who own televisions.
Fri, 06 Nov 2009
RI needs reform body: WB
Indonesia may need a regulatory reform commission to tackle coordination problems between economic ministries in a bid to boost investment and accelerate economic growth after the economic crisis, the World Bank says.
Fri, 06 Nov 2009
Polish Businessmen Visit Batam
TEMPO Interactive, Batam: A delegation of about 38 Polish businessmen led by Remigiusz Yakubuski yesterday met with the governor of Riau Archipelago, Ismeth Abdullah, in Batam.Accompanied by Indonesian Ambassador to Poland, Hazairin Pohan, the group asked about investment opportunities in the free...
Fri, 06 Nov 2009
Garut Still Waiting for Profit from Geothermal Power
TEMPO Interactive, Garut: The Garut regency government in West Java, has not received its share of profits worth Rp 56 billion in the geothermal power businesses from PT Indonesia Power (the power plant business unit in Kamojang) and PT Chevron Geothermal Indonesia.
Fri, 06 Nov 2009
Krakatau Steel to sign jv deal with S. Korea`s Pohang
Jakarta (ANTARA News/Asia Pulse) - Indonesian state-owed company PT Krakatau Steel will sign a joint venture agreement with South Korea's steel giant Pohang Iron and Steel to build a US$5 billion steel plant in the country.
Fri, 06 Nov 2009
Do Homework on Franchises Before Investing, Says Indonesian Chamber
Tighter government regulation of the fast-growing franchising sector would reduce messy failures, an official from the Indonesian Chamber of Commerce and Industry said on Thursday.“In franchising, I strongly suggest that investors investigate before investing,” said Amir Karamoy, a member of...
Thu, 05 Nov 2009
Big Japan retailer MUJI opens in Indonesia
article clearly not checked by an english-speaker!
Thu, 05 Nov 2009
World Bank Raises Indonesia Growth Forecast
The World Bank on Wednesday raised its outlook for Indonesia’s economic growth this year to 4.3 percent, with 5.4 percent growth expected in 2010, offering a more optimistic outlook than the International Monetary Fund did on Monday.
Thu, 05 Nov 2009
Jepara is Investors’ Favorite Region
TEMPO Interactive, Semarang:Jepara regency is the investors’ favorite region. This was shown by a report on investment realization in Central Java from January to October 31, 2009. “Out of 34 investment project completed in Central Java, eight were located in Jepara,” Anung Sugihandono, head...
Thu, 05 Nov 2009
Inco Faces Latest Challenge From Provincial Administration
TEMPO Interactive, Jakarta: East Sulawesi Provincial Administration reinstated demand for the Brazilian-controlled nickel miner Inco which operates in three provinces in Sulawesi to return 108,000 hectares of mining area to the regional government to be handed to other investors, blaming Inco for...
Thu, 05 Nov 2009
Big Japan retailer MUJI opens in Indonesia
Jakarta (Antara News) - A big Japan retailer, Mujirushi Ryohin (MUJI), expand their business in Indonesia market with the first outlet at Plaza Indonesia Jakarta and join with a retail local company was called Anak Jaya Bapak Sejahtera (AJBS) Group.
Wed, 04 Nov 2009
Indonesia defends converting peatlands to palm estates
KUALA LUMPUR (Reuters) - Indonesia will stick to a controversial plan to open peatlands for oil palm estates as it seeks to develop the economy despite protests from green groups that this type of land conversion speeds up climate change.
Wed, 04 Nov 2009
Papua to build 2,000-MW power plant
Mustaqim Adamrah, The Jakarta Post, Jakarta The Papua provincial administration is planning to build a 2,000 -megawatt (MW) hydro-power plant to meet electricity demand and to support infrastructure needs in Papua.“We are finishing the feasibility studies for the hydro-power plant.
Wed, 04 Nov 2009
Pelindo puts in place Priok overhaul plan
Nani Afrida, The Jakarta Post, Jakarta A load off my mind: Loading and unloading activities at Tanjung Priok port in Jakarta. State port operator PT Pelabuhan Indonesia (Pelindo) II plans to develop Tanjung Priok port into an international hub port with docks 18 meters deep, starting next year.
Wed, 04 Nov 2009
Manufacturing industry stagnant, government vows to improve it
Aditya Suharmoko, The Jakarta Post, Jakarta A large contributor to Indonesia’s economy, manufacturing industry, had relatively stagnant growth this year, the Central Statistics Agency (BPS) says - but the government pledges to revitalize the crisis-hit sector starting next year.
Wed, 04 Nov 2009
Indonesia’s regulator orders PT Carrefour to sell stake in listed unit By Katherine Demopoulos Published: November
Indonesia’s business competition authority (KPPU) has instructed PT Carrefour Indonesia, a subsidiary of Europe’s largest retailer, to sell its entire stake in a listed unit it bought in 2008 and pay a Rp25bn ($2.6m) fine.
Wed, 04 Nov 2009
CPO Slips as Indonesia’s Stockpiles Swell
Singapore. Palm oil declined as mounting stockpiles in Indonesia, the world’s biggest producer, boosted investor concern about excess supply.“Increasing palm oil stocks over in Indonesia are starting to get on people’s radar screen,” Carey Wong, an analyst at Oversea-Chinese Banking Corp.
Wed, 04 Nov 2009
IMF projection of RI economic growth `very low` : minister
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati expressed the view here on Tuesday that the International Monetary Fund (IMF)`s projection of 4.8 percent for Indonesia`s economic growth in 2010 was "very low.
Wed, 04 Nov 2009
KPPU: Carrefour monopolizing retail trade
Jakarta (ANTARA News) - The Business Competition Supervisory Commission (KPPU) has ruled that PT Carrefour Indonesia committed a monopolizing act and unhealthy competition by acquiring PT Alfa Retailindo Alfa`s supermarket chain early in 2008.
Wed, 04 Nov 2009
French Supermarket Carrefour Fined $2.6m for Monopolizing Market
Indonesia’s competition regulator on Tuesday ruled that the Indonesian subsidiary of French retail giant Carrefour was guilty of breaching antitrust laws, fining it Rp 25 billion ($2.6 million) and ordering it to sell most of its stake in a local retailer.
Tue, 03 Nov 2009
Indonesia to Accelerate Work on Independent Power Projects
About 50 stalled electricity generation projects involving independent power producers are set for renegotiation, as the government aims to speed them up in the first 100 days of its new term.The government will be forming a special team consisting of representatives of the Energy and Finance...
Tue, 03 Nov 2009
Growers Expect Strong Output, Mature Trees to Boost CPO Supplies
Kuala Lumpur. Palm oil stocks in Indonesia, the world’s largest supplier, should rise 100,000 tons this month from October, boosted by strong output and more maturing oil palm trees, a top industry official said on Monday.Stocks should hit 1.6 million tons in October and 1.
Tue, 03 Nov 2009
Service firms to lose $750m in revenue
Alfian, The Jakarta Post, Jakarta A recent ministerial regulation on the roles of mining service companies in mining projects may reduce the industry’s revenue by up to US$750 million a year, an industry association said over the weekend.
Tue, 03 Nov 2009
Sanyo, Hino may invest $100m early in 2010 for expansion
Mustaqim Adamrah, The Jakarta Post, Jakarta Early next year the country may see two separate investments worth US$100 million in total from two Japanese companies, Hino and Sanyo, Industry Minister M.S. Hidayat said Monday.
Sun, 01 Nov 2009
Government Vows to Build 22 Highways
The government on Friday vowed at the National Summit to make infrastructure development a priority over the next five years, including construction of over 20 toll roads in collaboration with private investors.
Sun, 01 Nov 2009
Consumer Spending Lifts Indonesian Economy
Consumer spending is continuing to drive Indonesia’s economy, with telecommunications firms leading the gains in major companies’ results through September this year. The commodities and energy sectors, however, still suffered from the impact of the global financial crisis and high lending...
Sun, 01 Nov 2009
Export drop leads to mass dismissals
The furniture and crafts industry is being battered by the global economic downturn due to slumping export demand, the closure of more than 100 companies and dismissals of up to 1 million workers.The Association of Indonesian Furniture and Handicraft Exporters (Asmindo) revealed Friday many...
Sun, 01 Nov 2009
Indonesia's Ministers Pledge New Focus On Removing Bottlenecks
Quoting: biznewsIndonesia's Ministers Pledge New Focus On Removing Bottlenecks They are the fucking bottlenecks. They're gonna remove themselves are they?
Sat, 31 Oct 2009
Indonesia's Ministers Pledge New Focus On Removing Bottlenecks
Removing policy bottlenecks is key to boosting investment and stimulating economic growth, economics ministers said at the opening of the Indonesian Chamber of Commerce and Industry’s National Summit on Thursday.
Sat, 31 Oct 2009
How to Improve Indonesia? National Summit Counts the Ways
It took two days and more than 1,500 people to make a wish list for the next 100 days and five years of government.Those are the bald figures that describe the first-ever National Summit, which ended on Friday evening with promises from the administration that each of the hundreds of ideas put...
Sat, 31 Oct 2009
Buying Land for Infrastructure Not Easy: Public Works Official
Indonesians will have to wait at least three more years before they see the massive Trans Java Toll Road project fully operational, because only around 24 percent of the land for the 650 kilometers of road needed for the project has been freed up.
Sat, 31 Oct 2009
Indonesia Min: Legal Certainty Vital for Investment
JAKARTA -(Dow Jones)- Legal certainty is vital to Indonesia's goal of supporting economic growth by improving its investment climate, Finance Minister Sri Mulyani Indrawati told reporters Friday, following the controversial arrest of two of the corruption-ridden southeast Asian nation's top...