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Tue, 06 Oct 2009
Domestic Shipping Firms Ready for New Rules On Coal, Industry Group Says
The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station coal to be carried by Indonesian-flagged vessels from Jan. 1 next year.Around $4 billion has been invested in preparation for the change so far, said Indonesian National Ship Owners...
Tue, 06 Oct 2009
Advertising on digital and mobile media to boom: Research
Advertisers will soon shift a significant amount of their spending to digital and mobile media, threatening print and even TV media, a recent survey predicts.Global business consultancy Pricewaterhouse Coopers says that global advertising spending on the Internet and mobile media will increase...
Mon, 05 Oct 2009
GE sees Indonesia as regional locomotive assembly hub
General Electric is considering making Indonesia its assembly hub for locomotives for the Asia market, hoping to capitalize on the rising demand in the country and other countries in the region.CEO Jeffrey Immelt said last week that the assembly plant would be developed in cooperation with local...
Mon, 05 Oct 2009
Eyeing investment opportunities in Palu
Ruslan Sangadji, The Jakarta Post, Palu Palu, the capital of Central Sulawesi, which commemorated its 31st anniversary on Sept. 27, is still relatively young for a city. So much so, that it has had to set up various development programs not to be left behind other cities in Indonesia.
Mon, 05 Oct 2009
New Energy Minister Should be a Professional
TEMPO Interactive, Jakarta: The position of the Energy and Mineral Resources Minister in the future cabinet should be filled by a person understanding the weaknesses of oil, gas, and mining management systems.Therefore, this new minister should be able to take action to fix it.
Mon, 05 Oct 2009
Commerce Chamber Seeks Intervention to Accelerate Infrastructure Projects
The Indonesian Chamber of Commerce and Industry is urging the new government to issue an emergency regulation to address the slow pace and high cost of land acquisition for public infrastructure projects.
Mon, 05 Oct 2009
Number of Foreign Tourists Coming to Indonesia Plummets
TEMPO Interactive, Jakarta:The number of foreign tourists coming to Indonesia in August 2009 plummeted by 5,46 percent or 566.800 compared to those in August 2008. Compared to July 2009, the number of foreign tourists in August 2009 also went down by 4,49 percent.
Mon, 05 Oct 2009
Crackdown on Illegal Bali Hotels and Clubs Begins
Badung Officials Start Closing and Sealing of Illegal Hotels and Nightspots in Kuta and Legian Area of Bali.Community enforcement officers have finally begun to take decisive action against Badung regency accommodation and night entertainment venues who have failed to secure required licenses and...
Sun, 04 Oct 2009
Expecting more blackouts
it's news that it's *still* news, that nothing has changed.and jakarta post editorials are always like this. they are recycled frequently. saves thinking.
Sun, 04 Oct 2009
Yogyakarta to develop Batik-related tourism
Yogyakarta (ANTARA News) - The Yogyakarta municipal administration intends to develop batik-related tourism in 2010 now that UNESCO has declared it a world cultural heritage item."We want to develop batik-related tourism next year in which we will acquaint tourists with the batik-making...
Sun, 04 Oct 2009
Expecting more blackouts
As the country faces a severe power shortage, many customers of state-owned electricity firm PT PLN, especially outside Java, have been long familiar with frequent blackouts and have prepared to face the crisis as PLN cannot do much to help. And now Jakarta is eventually hit by the blackout threat.
Fri, 02 Oct 2009
Inflation accelerates, exports improve
Prices accelerated in September due to higher demand in the fasting month and Idul Fitri holiday, according to the Central Statistics Agency (BPS), prompting predictions that the central bank will maintain its benchmark rate.Also on Thursday, BPS announced that August’s exports had reached US$10.
Fri, 02 Oct 2009
Flipping Burgers: Bambang Turns Big Macs to ToniJack’s
Quoting: JGFlamboyant and controversial businessman Bambang Rachmadi is trying to turn around his recently troubled business fortunes by transforming his 13 former McDonald’s fast food outlets into a new food brand, “ToniJack’s Indonesia.
Fri, 02 Oct 2009
Flipping Burgers: Bambang Turns Big Macs to ToniJack’s
Flamboyant and controversial businessman Bambang Rachmadi is trying to turn around his recently troubled business fortunes by transforming his 13 former McDonald’s fast food outlets into a new food brand, “ToniJack’s Indonesia.
Fri, 02 Oct 2009
Indonesian Export Recovery Picking Up Pace
Exports rose 8.9 percent in August on a monthly basis, the Central Statistics Agency announced on Thursday, a result analysts said was further confirmation of a nascent economic recovery among the country’s major trading partners.The agency announced that exports in August rose to $10.
Thu, 01 Oct 2009
Japan Servo shuts down three plants in Batam
Batam (ANTARA News/Asia Pulse) - Japanese electronics company Japan Servo has shut down three of its seven plants in the industrialized island of Batam because of declining orders.Since early this year the company had slashed the number of its workers, Indonesian manpower office head Rudi...
Thu, 01 Oct 2009
Incoming Indonesian Government Urged to Untangle Business Regulations
The Indonesian Employers Association is urging the new government to harmonize central and local regulations in a bid to improve the business climate and encourage investment.The coordination of regulations across different levels of government is the top priority among 10 recommendations put forth...
Thu, 01 Oct 2009
Importers plead for end to customs `extortion'
The Association of Indonesian National Importers (Ginsi) has accused the Finance Ministry's Directorate General of Customs and Excise of years of abuse, and pleaded with the Supreme Audit Agency (BPK) to step in.
Thu, 01 Oct 2009
Corruption busters busted
This was really an anti-climax that will put off investors and disillusion most of the voters who re-elected President Susilo Bambang Yudhoyono last July.Under public-opinion pressures to meet the deadline, the House of Representatives rushed to approve the Corruption Court bill one day before the...
Thu, 01 Oct 2009
Dubai Drydocks World builds employee training centre
Riau Islands Governor Ismeth Abdullah inaugurated on Monday the Batam Training centre established by Dubai Drudocks World, Southeast Asia's biggest shipbuilder, which will train the company's current and prospective employees in an effort to improve their skills in shipbuilding, ship repair and...
Wed, 30 Sep 2009
Singapore's DBS says targets growth in Indonesia
SINGAPORE, Sept 30 (Reuters) - Singapore's DBS (DBSM.SI: Quote, Profile, Research) plans to more than double its Indonesian branch network over the next three years and will look for acquisitions in Southeast Asia's biggest economy, its chairman said on Wednesday.
Wed, 30 Sep 2009
Indonesia has only 0.18 pct self-sufficient business people
Garut (ANTARA News) - Minister for Empowerment of Women Meutia Hatta Swasono said that only 0,18 percent of the Indonesian population consists of self-supporting businesspeople, while the country will achieve good progress if at least 2-3 percent of the total population has become self-sufficient.
Wed, 30 Sep 2009
American Entrepreneurs Interested in Developing Power Plants in Indonesia
Several entrepreneurs from the USA have expressed their interest in investing in the power plant sector in Indonesia.They said this when meeting Indonesian President Susilo Bambang Yudhoyono in Boston, Massachusetts, USA, on Sunday (27/9).
Tue, 29 Sep 2009
Indonesian President Considers New Ministerial Posts for Natural Resources
President Susilo Bambang Yudhoyono, who begins his second five-year term next month, may create new ministerial posts to accelerate development of the natural resources sector, government sources said.The country has some of the world’s largest deposits of natural gas, nickel, copper, tin and...
Tue, 29 Sep 2009
Importers urge BPK to audit customs office
The Indonesian Importers Association (Ginsi) has urged the Supreme Audit Agency (BPK) to audit the customs office, which received Rp 5.42 trillion ($542 million) worth of revenue from importers."The customs office has made a lot of money from blackmailing importers," Ginsi chairman...
Tue, 29 Sep 2009
Mining Law Regulations Unlikely to be Ready This Year
The country is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Monday, creating more uncertainty for a sector struggling to attract investment.
Mon, 28 Sep 2009
Indonesia's Beef Self-Sufficiency Plan Called Unrealistic
The Indonesian Cattle and Buffalo Farmers Association said it doubts the government will be able to meet its target of achieving close to national self-sufficiency in beef production by 2014, despite a plan to subsidize bank loans to cattle breeders, a senior official from the organization said on...
Mon, 28 Sep 2009
HSBC Upbeat About Indonesia, Asia Chief Says
HSBC Upbeat About Indonesia, Asia Chief Saysby Roffie KurniawanThe global economy appears headed toward a recovery, with Asia leading the way. However, the road ahead is unlikely to be smooth, said Sandy Flockhart, HSBC’s chief executive for the Asia-Pacific region, during a recent exclusive...
Mon, 28 Sep 2009
RI producers overwhelmed by boom in global orders
Mustaqim Adamrah, The Jakarta Post, JakartaThe Indonesian pulp industry is set to rebound from the global economic downturn as international orders have started to pile up with domestic pulp producers.Indonesian Pulp and Paper Association (APKI) chairman M.
Mon, 28 Sep 2009
Indonesia, China sign MoUs on infrastructure project cooperation
Jakarta (ANTARA News) - Indonesia and China have agreed to step up cooperation in infrastructure and water resource development as marked by the signing of two memorandums of understanding (MoUs).The MoUs were signed by Djoko Kirmanto, Indonesian Public Works Minister, Li Shenglin and Chen Lei,...
Mon, 28 Sep 2009
Japanese Investors Eyeing Indonesian Sectors
With a nod of approval toward the country’s economic prospects, a group of Japanese corporate leaders has indicated their intention to invest in Indonesia, particularly in the consumer and infrastructure sectors, a leader of the group said.
Sat, 26 Sep 2009
North Sulawesi declared as special economic region
Manado (ANTARA News) - In view of North Sulawesi`s rapid investment and economic development, the central government has named the province a Special Economic Region (KEK)."Of the 25 provinces in the country, North Sulawesi is the second to have passed the verifications as a special economic...
Fri, 25 Sep 2009
Jakarta policies reveal pitfalls of fuel subsidies
When Susilo Bambang Yudhoyono, the Indonesian president, opens a Group of 20 summit discussion on how to reduce fuel subsidies while protecting the poor, he will have first-hand experience to draw on.In October 2005 and May 2008 he increased subsidised fuel prices by 126 per cent and 29 per cent...
Fri, 25 Sep 2009
Is economic terrorism a threat to S.E. Asia?
SINGAPORE, Sept 24 - If the suicide bombers who targeted two luxury hotels in Jakarta this year hoped their attacks would strike a significant long-term blow against Indonesia's economy, the reaction of financial markets suggests they were wrong.
Fri, 25 Sep 2009
House to Strip Mandatory Halal Certification From Bill After Strong Protests
Abill being deliberated by the House of Representatives looks set to be stripped of contentious provisions that would have required halal certification of consumer products by the Religious Affairs Ministry, after strenuous protests by the business community and the Indonesian Council of Ulema...
Fri, 25 Sep 2009
Government Approve Halal Guidelines Distribution By Council of Clerics
TEMPO Interactive, Jakarta: The Indonesian Council of Clerics have been given the green light to distribute halal certification guidelines for importer located outside Indonesia, to tackle the absence of halal certification agency, the Coordinating Ministry for the Economy said on Thursday.
Fri, 25 Sep 2009
Ceramic Industry Seek Delay For Higher Electricity Tariff
TEMPO Interactive, Jakarta: The government's plan to hike electricity tariffs next year has drew more response from industries, with the latest came on Thursday from the Indonesian Ceramic Industry Association.
Fri, 25 Sep 2009
S Sulawesi, S Korea discuss future trade cooperation
Makassar, South Sulawesi (ANTARA News) - Some 28 entrepreneurs from South Korea had a talk with South Sulawesi`s authority about cooperation in trade sector, South Sulawesi Governor Syahrul Yasin Limpo, stated here on Thursday.
Wed, 23 Sep 2009
Forests fight back as Indonesia tackles illegal palm oil
ACEH, Indonesia (Reuters) - For decades, the roar of the chainsaw has meant one thing in Indonesia's national parks: illegal loggers ripping down the rainforest.Now, the whirring blades are part of a fight back to cut out illegal palm oil from the international supply chain and slow the...
Wed, 23 Sep 2009
Slaves, colonials, weevils: palm oil's historic rise
Sept 23 - Less than a century after the west African oil palm was introduced to southeast Asia as a cash crop, Indonesia and Malaysia supply about 85 percent of the world's palm oil, used in processed food and soap products. Here is a timeline charting how oil palm spread east.
Wed, 23 Sep 2009
Q+A: How can illegal oil palm be weeded out of the supply chain?
(Reuters) -- About five percent, or two million tonnes of the expected crop of 40 million tonnes of Crude Palm Oil produced in 2009 is expected to be certified as sustainable this year, environmental standards watchdog, the Roundtable on Sustainable Palm Oil (RSPO) estimates.
Wed, 23 Sep 2009
ADB scales up outlook on Indonesia
The Asian Development Bank (ADB) has upgraded its outlook of Indonesia's economic growth this year to 4.3 percent citing strong private consumption and improving investment.The ADB previously estimated that Indonesia's economy would grow by 3.6 percent this year.
Tue, 22 Sep 2009
EU biofuels policy undermines governance in Indonesia, alleges report
Indonesian authorities are failing to prevent illegal logging and conversion of protected areas for oil palm cultivation used to supply the European market with supposedly "green" biofuels, alleges a new report from Milieudefensie (Friends of the Earth Netherlands) and WALHI KalBar...
Sat, 19 Sep 2009
Noordin’s Death Hailed as a Boon to Investor Confidence
"The business community on Friday praised the police operation in Solo, Central Java on Thursday that led to the death of Noordin M Top, Asia’s most wanted terrorist, predicting that it would significantly boost the confidence of foreign investors doing business in the country.
Sat, 19 Sep 2009
Noordin’s Death Hailed as a Boon to Investor Confidence
The business community on Friday praised the police operation in Solo, Central Java on Thursday that led to the death of Noordin M Top, Asia’s most wanted terrorist, predicting that it would significantly boost the confidence of foreign investors doing business in the country.
Sat, 19 Sep 2009
Industry Ministry firm, still wants possible delays in FTA
The Industry Ministry is carrying on with it’s initiative to delay the timing of tariff reductions under the free trade agreement (FTA) between the Association of Southeast Asian Nations (ASEAN) and China; while the Trade Ministry says that renegotiation is not the only solution (to protect local...
Thu, 17 Sep 2009
Batam Could Become Special Economic Zone
> do you know how I can find out if there PCB fabrication and population companies in Batam? there is quite a large board stuffing compay called PT Sat Nusa Persada.The owner's name is Abidin; he is chairman of APINDO Batam branch and he is quite well known locally.
Thu, 17 Sep 2009
New Indonesian Tax Laws Make Shariah Lenders Happy but Worry Luxury Merchants T
The House of Representatives on Wednesday passed a revised law on value added tax and luxury taxes aimed at helping the Islamic banking sector and lower-income Indonesians. Luxury goods sellers, however, fear the new law could see prices for their goods skyrocket.
Thu, 17 Sep 2009
Indonesia's Industry Minister Says Special Economic Zone Law Too Little, Too Late
The enactment of the Special Economic Zones Law by the House of Representatives on Tuesday has drawn a mixed bag of responses, with one respected academic welcoming it and the outgoing industry minister likening it to a case of locking the stable door after the horse had bolted.
Thu, 17 Sep 2009
House delegates authority on SEZs
The House of Representatives endorsed the special economic zone (SEZ) bill on Tuesday, delegating legal powers to a new government body for the promotion of these more liberal trade and development regions.