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Mon, 07 Sep 2009
India May Boost Coal Imports from Indonesia; Plan JVs
NEW DELHI -- India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of importing the commodity from that country to meet rising demand as economic growth boosts power consumption.
Mon, 07 Sep 2009
Romli Atmasasmita Given Two Years In Prison
TEMPO Interactive, Jakarta: Former senior official with the Justice Department Romli Atmasasmita was sentenced to two years in prison for corruption on Monday by the South Jakarta District Court, which was lighter than sought by prosecutors late in August.
Mon, 07 Sep 2009
Lombok Megaproject On the Line in Dubai Trip
Quoting: biznews[size:14pt]“Emaar hasn’t responded at all to BTDC letters in recent months,” said Hari Susetyo, the tourism deputy at the State Enterprises Ministry.  you know, Hari, i think Emaar might be trying to tell you something.
Mon, 07 Sep 2009
Lombok Megaproject On the Line in Dubai Trip
A representative of PT Bali Tourism Development was sent to Dubai on Sunday to meet representatives of the troubled Dubai-based Emaar Properties regarding a long-delayed $600 million tourism megaproject planned for south Lombok, a senior West Nusa Tenggara government official said.
Sat, 05 Sep 2009
Indonesia's quiet revolution bodes well for us
Quoting: biznews Last year, analysts Andrew MacIntyre and Douglas Ramage published an essay for the Australian Strategic Policy Institute titled provocatively Seeing Indonesia as a normal country. Well, where's the fun in that?
Sat, 05 Sep 2009
Indonesia's quiet revolution bodes well for us
We don't think of Indonesia as a rising economic power. Its output ranks only 15th in the world (a bit bigger than ours). Its market ranks 18th (a bit smaller than ours). But Indonesia is changing.Yes, there was a terrorist attack in Jakarta last month, but that was the first in four years.
Sat, 05 Sep 2009
Indonesia's Tourism Malfunction
Indonesian grievances over alleged theft of its songs and dances to promote Malaysian tourism may have some basis in fact. Given the way Malaysia treats its Hindu minority and obliterates its own Hindu past, it can scarcely claim the pendet dance from Bali.
Sat, 05 Sep 2009
East Kalimantan to Cancel Some Plantation Permits
TEMPO Interactive, Palangkaraya: The Governor of Central Kalimantan, Teras Narang, has threatened that he cancel the permits of some plantation companies working in the region.This is because they are suspected of burning land and creating thick smoke that has created problems for air...
Fri, 04 Sep 2009
Govt. to introduce tax refunds for foreign tourists
The government plans to introduce a "tax refund" scheme for foreign tourists shopping in the country as early as next year under an amendment to an existing law on value-added tax and luxury tax, legislators at the House of Representatives said, The Jakarta Post reported.
Fri, 04 Sep 2009
National car makers may need $100M investment
Manufacturers of three new national car prototypes might need a combined investment of $100 million to launch assembly plants to mass produce three new vehicles - the Tawon, Gea and Arina, the Industry Ministry forecast, The Jakarta Post reported.
Fri, 04 Sep 2009
Nestle to invest $100M in E. Java
PT Nestle Indonesia said it plans to increase its investment in dairy cattle farms in Indonesia in 2010, Asia Pulse reported.The company will invest $100 million to expand its dairy cattle farms in cooperation with local farmers in East Java, company president Peter Voght said.
Thu, 03 Sep 2009
Businessman to develop Islamic resorts
Same thing, no? Oh yeah, I forgot - in Puncak, they "marry" them.
Thu, 03 Sep 2009
Businessman to develop Islamic resorts
Quoting: biznews and target Middle East tourists. [In that case, will they be using the Puncak or Pattaya model?
Thu, 03 Sep 2009
KPK Launches Corruption Reporting Online System
TEMPO Interactive, Jakarta: The Corruption Eradication Commission (KPK) is launching a reporting online system. According to KPK's deputy for the Prevention Division, Mochamad Jasin, yesterday (2/9), the system would allow all Indonesians to report corruption cases through the Internet at the site...
Wed, 02 Sep 2009
Indonesia's president orders solar energy development
JAKARTA, Sept. 1 (Xinhua) -- Indonesia's President Susilo Bambang Yudhoyono supported moves for increasing the production of efficient solar-cell energies and has ordered solar-cell energy to be explored in the country, the Jakarta Post reported on Tuesday.
Wed, 02 Sep 2009
Keeping regional anti-investment regulations in check
Palmira P. Bachtiar, Jakarta The recent law on regional taxes and user charges should be seen as a serious counteraction from the central government against the dramatic increase in problematic regional regulations (Perda).
Tue, 01 Sep 2009
Businessman to develop Islamic resorts
Quoting: biznewsHe said many Middle East tourists felt uncomfortable with major tourist destinations like Bali, which do not promote Islamic values. why does this story have an odour about it?
Tue, 01 Sep 2009
Indonesia To Support Trade Via Export Financing, Trade Agency
JAKARTA -(Dow Jones)- Indonesia will this year extend $2.52 billion in trade financing to local exporters to support trade, Finance Minister Sri Mulyani Indrawati told reporters Tuesday.The government has also approved a capital reserve of IDR6 trillion for its newly-created trade financing agency,...
Tue, 01 Sep 2009
Indonesia Eximbank launched to boost exports
The government has officially launched the Indonesia Eximbank, an agency to help finance exports, particularly by micro-, small- and medium-sized enterprises (MSMEs).Indonesia Eximbank will boost the number of exporters, which have difficulty securing financing from other financial institutions,...
Tue, 01 Sep 2009
Businessman to develop Islamic resorts
A Sumenep legislative council member confirmed reports that two islands off Madura had been sold to a businessman who intends to develop them into resorts.Councilor Badrul Aini said Tuesday that businessman Zainal Seniya bought the islands and had leased them to Canadian and Singaporean investors.
Tue, 01 Sep 2009
Tighter Control over Small Islands Management in Central Java T
TEMPO Interactive, Semarang: Central Java Governor, Bibit Waluyo, has said that arrangement for private sectors to obtain permission to manage small islands in Central Java will be tightened up.Bibit also assured that no islands in the Karimunjawa Islands, Jepara, were being sold to foreign...
Mon, 31 Aug 2009
No Indonesian islands sold: Maritime Affairs and Fisheries Ministry
The Indonesian public was shocked at news that three islands in Mentawai, West Sumatra, were sold online via a Canadian website, for prices ranging between US$1.6 million and $8 million. The islands sold were reportedly Makaroni, Siloinak and Kandui Islands.
Mon, 31 Aug 2009
Riau offers islands to foreign investors
Riau Islands Governor Ismeth Abdullah said on Sunday that his administration is inviting foreign investors to manage islands in the province.“We will conduct the process transparently and according to the law. We want to avoid foreigners from managing the islands secretly,” Ismeth argued.
Sun, 30 Aug 2009
Export of coal raw material should be reduced: official
Kotabaru, S Kalimantan (ANTARA News) - Coal producing companies should reduce the volume of their export of coal raw material and increase the volume of their finished coal exports, a mining official said.
Sun, 30 Aug 2009
Constant overseas demand for Indonesian hand-made Batik
Cirebon (ANTARA News) - Indonesian hand-made batik easily sells in overseas markets provided its quality and artistic styles meet consumers` requirements and tastes, an industry spokesman said."The overseas market opportunity for Indonesian batik such as in Japan is still prospective so long...
Fri, 28 Aug 2009
Govt to speed up trade safeguard process
Hi, The Industry Ministry has proposed waiving import duties worth more up to Rp 1.68 trillion (about US$167.5 million) to the Finance Ministry so that 13 industries can improve business performance to help boost the economy..banking deals
Fri, 28 Aug 2009
Indonesian islands ‘not for sale’
State Secretary Hatta Radjasa said Thursday that none of Indonesia’s territory was for sale despite a website advertising offers for three islands in the western part of the country.Hatta told reporters at the Presidential Palace that investors might lease or develop resorts on those islands, but...
Fri, 28 Aug 2009
Indonesia fastest growing economy in southeast Asia
Jakarta - Official statistics showed that Indonesia still had the fastest-growing economy in Southeast Asia, with improving prices for the country`s key export commodities and a robust domestic market credited for the good result.
Fri, 28 Aug 2009
RI seeks to increase coal production to bolster revenue
Indonesia expects to increase coal production by up to 20 million tons next year as lawmakers insist that the government must book higher non-tax revenue from the mining sector in 2010.Bambang Setiawan, the director general for coal, minerals, and geothermal at the Energy and Mineral Resources...
Fri, 28 Aug 2009
Govt holds inter-departmental meeting on islands sale issue
Jakarta (ANTARA News) - The government held an inter-departmental meeting in Padang, West Sumatra, on Thursday night to discuss the alleged sale of three islands off the province`s west coast to a foreign party.
Thu, 27 Aug 2009
Indonesia's tin industry
JAKARTA, Aug 27 (Reuters) - Here is some background on the tin industry in Indonesia, the world's top exporter and second-largest producer after China. Indonesia produces nearly 30 percent of the world's refined tin.
Thu, 27 Aug 2009
Three Islands in Mentawai Suspected of Being for Sale
TEMPO Interactive, Padang: The Mentawai Islands Regency Government in West Sumatra is investigating three islands in the region that are suspected of being for sale via the www.privateislandsonline.com website.
Thu, 27 Aug 2009
Indonesia Determined To Become World Oil Palm Reference
JAKARTA, Aug 27 (Bernama) -- Indonesia as the world's biggest oil palm producing country, will strive to become a world oil palm reference, Antara news agency reported.Director of the Oil Palm Research centre (PPKS) Witjaksana Darmosarkoro said here Wednesday that the oil palm estates in Indonesia...
Thu, 27 Aug 2009
Document fee abolition sought to ease export costs
The customs and excise office plans to propose to the Finance Ministry to eliminate a non-tax levy on exports, which is considered to be clogging up the flow of exports. Exporters are also backing this move.
Thu, 27 Aug 2009
Koran Tempo Most Independent Newspaper says Research
TEMPO Interactive, Jakarta: The Koran Tempo newspaper is considered to be a medium with independent autonomy and content as the editorial structure and the ownership system do not include a major stakeholder.
Thu, 27 Aug 2009
S.Korea's POSCO denies $5 bln Indonesian steel plan
JAKARTA (Reuters) - South Korea's POSCO (005490.KS) denied on Wednesday comments by Indonesia's government that it was planning a $5 billion investment in the country, possibly through a venture with its top steel firm.
Thu, 27 Aug 2009
Indonesia Renewable Energy: 1.3 Million New Connections Per Year through 2025
Indonesia can't afford to stop paddling to new shores.It's not all smooth going when it comes to the international renewable energy transition, but commitment is a must. Indonesia is one example of an important country in transition where we're looking at all the positive and negative signals to...
Thu, 27 Aug 2009
Major Palm Oil Forum to Be Held in Yogyakarta Next Year
Indonesia is scheduled to host a major international palm oil conference in Yogyakarta next June.Among topics to be discussed at the meeting are technology used in developing sustainable palm oil production, genetic modification, environmental issues and price trends.
Thu, 27 Aug 2009
Tax refund for overseas tourists planned to boost tourism
Aditya Suharmoko, The Jakarta Post, Jakarta Indonesia plans to introduce a "tax refund" scheme for foreign tourists shopping here as early as next year, as stipulated under the amendment of the existing law on value-added tax and luxury tax, the House of Representatives says.
Thu, 27 Aug 2009
Indonesian Government to Take Stock of Archipelago
After 64 years of independence, the government is planning to count up exactly how many islands there are in the world’s largest archipelagic country .The inventory, which will involve direct visual checks on each island, will see the government register an exact number, complete with names for...
Wed, 26 Aug 2009
New halal bill draws ire from industries
Another piece of useless legislation to further hinder business in the land of rising theocracy.
Wed, 26 Aug 2009
New halal bill draws ire from industries
Three key industries - food and beverages, cosmetics and pharmacy - are bracing for hefty additional costs and to risk losing trillions of rupiah in margins if the nation presses ahead with new halal certification procedures under a new bill, associations say.
Tue, 25 Aug 2009
Indonesia to lift tax revenue
JAKARTA - INDONESIA'S new tax chief said on Monday he would take a tough stance against tax-dodgers in order to raise tax revenues, adding that the largest tax case in Southeast Asia's biggest economy will come to court soon.
Tue, 25 Aug 2009
‘Demand yet to come into full swing in RI’
The Jakarta Post, SINGAPORE Equinix, a global data management centre provider, is expanding its business in Asia due to the rapid growth of information technology.The US-based company has established Singapore as its IT hub for companies in Southeast Asia to connect regionally and globally.
Tue, 25 Aug 2009
Indonesia and Korea Discuss Trade and Investment
TEMPO Interactive, Jakarta: The Indonesian Trade Minister, Mari Elka Pangestu, held a bilateral meeting with Korean Trade Minister, Kim Jong Hoon, to discuss bilateral, regional, and multilateral issues.
Tue, 25 Aug 2009
Bharat Looks to Bulldoze Rivals With Lower Prices
The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bharat Earth Movers, which has set up an operation in Balikpapan, East Kalimantan.Bharat’s total investment, including a basic assembly plant and after-sales service network, is expected to...
Tue, 25 Aug 2009
Chinese investors to pour in $200 million
Funding the future: Industry Minister Fahmi Idris (right) with a delegation from China’s Henan province led by Governor Guo Gengmao at a meeting at the Industry Ministry in Jakarta. Six agreements worth US$200 million were signed. JP/R.
Tue, 25 Aug 2009
Finance Minister Warns Government Over Slumping Investment
TEMPO Interactive, Jakarta: Finance Department told lawmakers on Monday that the government should raise its concern and alert over the latest investment data released by the State Statistics Agency. In a hearing at the parliament's office on Monday, Finance Minister Sri Mulyani said actual...
Tue, 25 Aug 2009
New bill allows local governments to issue power licenses
The new electricity bill will give full authority to regional administrations whose regions are outside state power company PT PLN's current service areas to issue licenses to local companies to provide electricity, The Jakarta Post reported.
Tue, 25 Aug 2009
Govt. names eight BWA operators
The Communications and Information Minister on Wednesday named eight operators of broadband wireless access (BWA) in 15 zones across the country, Asia Pulse reported.Development of high speed BWA is expected to result in lower internet tariffs, deputy chairman of the Indonesian Chamber of Commerce...