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Wed, 16 Sep 2009
Batam Could Become Special Economic Zone
Mount handling in small batches? Piss is your man.
Wed, 16 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.
Wed, 16 Sep 2009
Foreign tourists can apply for tax refund
Foreign tourists visiting Indonesia can apply for a tax refund when buying goods here next year, according to the newly endorsed law on value added tax and luxury tax.Under the law that is set to be effective starting on Apr.
Wed, 16 Sep 2009
House Proposes Luxurious Goods Tax on High Powered Vehicles
TEMPO Interactive, Jakarta: The House of Representatives has proposed to classify high-powered vehicle, yacht, and luxurious house into list of items to become subjects to luxurious goods tax, a lawmaker leading the legislation informed on Wednesday.
Wed, 16 Sep 2009
Batam Could Become Special Economic Zone
What I am looking for is a small company capable of surface mount handling and small batches. There would also be assembly work to put it all together. I am not bothered if they use an overseas company to do the boards and then assembly locally.
Wed, 16 Sep 2009
Batam Could Become Special Economic Zone
don't know, but i could find out. electronics companies in batam are on the decline; many big companies, like panasonic, have pulled out. seems oil and gas and shipbuilding are the main industries now.
Wed, 16 Sep 2009
Moody's upgrades Indonesia sovereign ratings
HONG KONG (MarketWatch) -- Moody's ratings agency Wednesday upgraded Indonesia's foreign- and local-currency sovereign debt ratings to Ba2 from Ba3, citing the Asian country's resilience to the global recession and its "healthy medium-term growth prospects.
Wed, 16 Sep 2009
Batam Could Become Special Economic Zone
Kuku, do you know how I can find out if there are any PCB fabrication and population companies in Batam? Is there a company register somewhere?Doing a Google search throws up very little and you end up getting links to Chinese companies instead.Cheers.
Wed, 16 Sep 2009
Batam Could Become Special Economic Zone
Wednesday, 16 September, 2009 | 13:41 WIBTEMPO Interactive, Jakarta:The government has guaranteed that free trade areas will remain although the draft bill about special economic zones is not ratified yet.
Wed, 16 Sep 2009
Greenpeace stops Indonesian palm kernel shipment
Activists from the international environmental organization Greenpeace boarded a ship carrying palm kernel animal feed from Indonesia on Wednesday off the New Zealand coast and called on the government to ban the cargo.
Tue, 15 Sep 2009
Indonesian Dairy Farmers Need $329m To Raise Production: Government
Investment of Rp 3.25 trillion ($329 million) in milk production at the farm level is urgently needed, with fresh domestic milk only accounting for about 13 percent of the country’s total milk market, according to a senior government official.
Tue, 15 Sep 2009
Indian High-Roller to Bet $100m On Indonesia's ‘Distressed’ Batam, Bintan Resorts
Singapore. Billionaire Bhupendra Kumar Modi, who made his fortune from mobile-phone services in India, plans to invest $100 million in distressed assets, including the resorts on Batam and Bintan in Riau Islands.
Tue, 15 Sep 2009
Everybody's friend: Indonesia deserves a better image
IN MOST other respects this is a golden age for Indonesian diplomacy. Its relations with its neighbours are sometimes prickly, especially with Malaysia, with which it squabbles over everything from maritime boundaries to the treatment of migrant workers.
Tue, 15 Sep 2009
A golden chance
Just a decade ago Indonesia was on the brink of catastrophe. Things have taken a dramatic turn for the better, says Simon Long (interviewed here)COUNTRIES generally hit the headlines only when the news is bad. In Indonesia it has often been spectacularly bad.
Tue, 15 Sep 2009
A deep-rooted habit: The difficulty of battling graft
EVEN before passing through immigration into Indonesia, you may fall prey to the venal flair of its bureaucrats. Most of its embassies now refuse cash payments for visas, after a number of scandals. One ambassador in Malaysia, a former police chief, allegedly pocketed about 2 billion rupiah from...
Tue, 15 Sep 2009
Why business in Indonesia has yet to take off
From The Economist print editionTHE Suharto clan infected Indonesian business like a pandemic virus. Its direct business interests included power generation, toll roads, electronics, plastics, timber, paper, an airline, a taxi company, construction, fishery, food processing, broadcasting, banking,...
Tue, 15 Sep 2009
Q+A-Indonesia's corruption court bill
JAKARTA, Sept 14 (Reuters) - Indonesia's parliament plans to pass a corruption court bill this month which would severely weaken the court and anti-corruption agency, the two key weapons in the fight against graft in Southeast Asia's biggest economy.
Tue, 15 Sep 2009
Indonesian Businesses Reaffirm Opposition to Halal Bill
Business associations reiterated their opposition to the bill on halal certification, saying that they would most likely challenge the constitutionality of the law if the House of Representatives passes it on Tuesday.
Tue, 15 Sep 2009
World Bank Sees 4.3% GDP Growth For Indonesia
The World Bank has raised its 2009 Indonesia growth forecast to 4.3 percent from 3.5 percent, largely due to the strong domestic market and increased government spending on stimulus measures, the bank’s quarterly report released on Monday said.
Mon, 14 Sep 2009
Govt upbeat about $1.5b, 185-km coal railway project
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 billion, 185 km-coal railway project in Central Kalimantan.
Mon, 14 Sep 2009
Palm Oil Producers Want Indonesia's Support on Tough EU Biofuel Regulation
The country’s crude palm oil producers have called on the government to defend their interests against the European Union over a draft directive on renewable energy and fuel quality that they said would be detrimental to them.
Mon, 14 Sep 2009
Forcing Foreign Drug Makers to Open Factories Won’t Hurt Industry: KPPU
The Business Competition Supervisory Commission says an upcoming Ministry of Health regulation on drug registration procedures and the establishment of production facilities will not have a negative impact on competition in the industry, a senior official from the state antitrust watchdog said.
Sat, 12 Sep 2009
$1.5b Kalimantan Coal Rail Tender Expected by Year-End
In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official said on Friday that the proposed 185-kilometer rail line linking Puruk Cahu and Bangkuang - expected to cost $1.5 billion - will be put out to tender before the end of the year.
Sat, 12 Sep 2009
Crisis, Politics Blamed for Tepid Interest in Indonesia's Oil, Gas
A senior official at the Energy Ministry said the global economic crisis and political pressure over oil companies’ costs were the reasons for the lukewarm response from investors toward exploring new oil and gas blocks.
Sat, 12 Sep 2009
Indonesia's Mandiri to open remittance unit in Malaysia
JAKARTA, Sept 11 (Reuters) - Indonesia's Bank Mandiri (BMRI.JK) will open a new unit in Kuala Lumpur dedicated to collecting remittances from the millions of Indonesians working in Malaysia, a senior executive said late on Thursday.
Sat, 12 Sep 2009
Oil and gas blocks fail to attract investors
Indonesia failed to attract enough investors to develop all the oil and gas blocks offered in the first quarter of this year due to the global economic slowdown and concerns over revisions to the cost recovery mechanism.
Sat, 12 Sep 2009
Time to be more optimistic than ever for Bali tourism market
The JW Marriott and Ritz-Carlton Bombings in Jakarta last July may have caused a setback for the Bali tourism market that has performed relatively very well despite the global financial crisis and the threat of a global H1N1 pandemic.
Sat, 12 Sep 2009
VP not informed about sugar importation
Jakarta (ANTARA News) - Vice President Jusuf Kalla said he had no knowledge about imported sugar which had reportedly entered the country through Batam."I don`t know about it (the sugar import)," the vice president told reporters after Friday prayers here.
Sat, 12 Sep 2009
Indonesian Businesses Angered by Government Rule On Bonus
An irate business community on Friday slammed a recently issued Manpower Ministry directive ordering firms to pay a one-month Idul Fitri holiday bonus to nonpermanent contract workers, saying it was unexpected and had serious financial implications.The directive, issued on Aug.
Fri, 11 Sep 2009
Private sector invited to join village energy programs
Private sector and local governments are expected to participate more in helping villages reach energy self-sufficiency as the central government is lacking the funds to run such programs alone.Under the central government’s energy self-sufficiency villages program (DME) that has run since 2007,...
Fri, 11 Sep 2009
Electricity sector liberalized
The current power-supply crisis, which has caused rotating blackouts in many provinces and inflicted big losses upon household and industrial consumers, should serve as a stern warning to the judges at the Constitutional Court not to be so narrow-minded as to annul the new electricity law for being...
Thu, 10 Sep 2009
IFC suspends investment in palm oil over Wilmar case
The International Finance Corporation (IFC), the private arm of the World Bank, has decided to suspend funding in the palm oil sector, affecting the world's top producer, Wilmar International, pending a review of internal procedures on environmental and social standards.
Thu, 10 Sep 2009
Electricity rates up 20% at least: PLN
State power firm PT Perusahaan Listrik Negara (PT PLN) plans to put average electricity rates up by 20 percent next year after the House of Representatives rejected PLN’s proposed levels for margins and subsidies.
Wed, 09 Sep 2009
Is this idea on the right track or off the rails?
The government on Wednesday said that it would need an investment of Rp 36 trillion ($3.6 billion) to revitalize the country’s troubled railway system over the next five years.It also expects to issue a detailed regulation next week to encourage privatization in the sector and end the monopoly of...
Wed, 09 Sep 2009
Q-A-Indonesia new VAT, tax law to boost mergers, Islamic market
JAKARTA, Sept 9 (Reuters) - Indonesia's parliament is due to pass a revised law on value added tax (VAT) and sales tax on luxury goods next week, which could boost corporate mergers and spur the growth of its fledgling Islamic markets.
Wed, 09 Sep 2009
Indonesia enjoys improved global ranking as active business regulatory reformer
Quoting: Jakarta PostIndonesia has improved its rank in the 2010 Ease of Doing Business annual survey, moving up from 129 to 122, a report revealed Wednesday. wuhu!! break out the champagne!
Wed, 09 Sep 2009
Indonesia enjoys improved global ranking as active business regulatory reformer
Indonesia has improved its rank in the 2010 Ease of Doing Business annual survey, moving up from 129 to 122, a report revealed Wednesday.The survey was held by the International Finance Corporation (IFC) and the World Bank.
Wed, 09 Sep 2009
Investment to do well without stimulus
Confident of the success of its fiscal and monetary policies, Indonesia feels it no longer needs an economic stimulus package to boost investment for 2010.The government expects to have a slower budget expansion next year, with a reduced budget deficit of Rp 98 trillion (US$9.8 billion), or 1.
Wed, 09 Sep 2009
Indonesia approves tougher law against polluters
JAKARTA, Sept 8 (Reuters) - Indonesia's parliament passed a new environment bill on Tuesday giving the Environment Ministry the power to revoke polluters' business licences, which environmentalists said could lead to more effective enforcement.
Wed, 09 Sep 2009
Posco To Discuss Indonesia Plans With Investment Officials
JAKARTA -(Dow Jones)- South Korea's Posco (PKX) will meet with Indonesia's Investment Coordinating Board, or BKPM, Tuesday to discuss a possible plan by the steelmaker to invest in Indonesia, the board's chairman said.
Wed, 09 Sep 2009
RI moves to improve defense in trade disputes
As the global trend of trade protectionism becomes more apparent, the government, in cooperation with the private sector, is moving to prop up its defense in facing disputes under the WTO.The government, via the Trade Ministry, is currently in the process of setting up a team of legal advisors...
Wed, 09 Sep 2009
Wanted: Local autonomy that works
Indonesia has experienced eight years of decentralization, the logical consequence of democratization spurred by the end of the 32-year authoritarian rule of president Soeharto in May 1998. What's the good news of local autonomy? What's the bad news?First, the bad news.
Wed, 09 Sep 2009
Import policy allegedly misused in Dumai
A government policy that allows the import of particular restricted commodities through Dumai Port, Riau, has allegedly been misused, prompting the customs office to ask the Trade Ministry for a review of the policy.
Wed, 09 Sep 2009
Chamber of Commerce Challenges Halal Certification Bill
TEMPO Interactive, Jakarta: Indonesia Chamber of Commerce threatened to file a judicial review over the drafted regulation of halal certification as the regulation was deemed of posing negative impact on business.
Wed, 09 Sep 2009
Janeman Latul $600m Lombok Resort Plan Remains on Vacation After Meeting
The stalled $600 million Lombok tourism megaproject is still on holiday after a meeting on Sunday in Dubai between PT Bali Tourism Development Corporation and developer Emaar Properties failed to settle anything.
Tue, 08 Sep 2009
Indonesia Approves Law Allowing Private Electricity Investment
JAKARTA (Dow Jones)--Indonesia's Parliament Tuesday approved a new electricity law allowing private-sector investment in generation and granting authority to the government and regional administrations to issue permits for power projects, the Department of Energy and Mineral Resources said in a...
Tue, 08 Sep 2009
Fiber producers invest big
Three synthetic fiber manufacturers - PT Teijin Indonesia Fiber Corp., PT Indonesia Toray Synthetic and PT Sulindafin - have invested Rp 72 billion (US$7.13 million) on new machinery to cut costs and boost competition.
Tue, 08 Sep 2009
Aussies dominate tourist flow to Bali
DENPASAR: Australians dominated the flow of foreign tourists to Bali during the seven-month period of January-July 2009, a tourism official said."Their number in the period was 225,170, an increase of 36.
Tue, 08 Sep 2009
Sarong maker having difficulty meeting domestic demand
Pekalongan, C Java (ANTARA News) - Local sarong manufacturing company PT Pisma Putra Tekstil Pekalongan is exporting 70 percent of its production and has therefore difficulty meeting increased domestic demand, a spokesman said.
Tue, 08 Sep 2009
Facing Shortage, Indonesian Wood Processors Push for Speedier Replanting of Land
Wood processors are urging Indonesia's government to speed up the replanting of deforested land into sustainable timber plantations to help secure a more constant supply of timber.The Indonesian Pulp and Paper Association (APKI) and the Association of Indonesian Wood Panel Producers (Apkindo) on...