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Fri, 07 Oct 2011
RI govt to invest up to Rp2,400 trillion to develop Sulawesi
Jakarta (ANTARA News)- The government plans to invest up to Rp2,400 trillion to develop Sulawesi, Fisheries and Marine Resources Minister Fadel Muhammad said.The development projects in Sulawesi would include among others construction of railway tracks and developing rice producing centers, he said...
Fri, 07 Oct 2011
BKPM optimistic 2011 investment to reach Rp240 trillion
Jakarta (ANTARA News) - The Capital Investment Coordinating Board (BKPM) is optimistic realization of investment in 2011 would reach Rp240 trillion as more investors would come to the country, its chief, Gita Wirjawan said here on Thursday.
Thu, 06 Oct 2011
Miss Universe Likes Batik
TEMPO Interactive, YOGYAKARTA:Miss Universe 2011 Leila Lopez arrived in Yogyakarta yesterday accompanied by Miss Indonesia 2010, Nadine Alexandra, and Miss Environment 2010, Reza Kartikasari. The group went straight to Prambanan Temple.
Thu, 06 Oct 2011
Investor Summit Opened Today
TEMPO Interactive, Jakarta:The Investor Summit and Capital Market Expo will be held on October 5-6. This is the sixth time the event is being held by the Indonesian Stock Exchange and it will be attended by 28 companies.
Thu, 06 Oct 2011
Govt to exempt oil, gas exploration equipment from VAT
Jakarta (ANTARA News) - The government is drafting a regulation that will exempt the import of upstream oil and gas exploration equipment from value added tax, an official said.Director General of Oil and Gas at the Energy and Mineral Resources Ministry Evita Legowo said on Wednesday the new rule...
Thu, 06 Oct 2011
Astra Plans $1.5b Push in 2012
By:Faisal Maliki Baskoro Astra International, the largest automotive retailer in Indonesia, plans to spend $1.5 billion next year on expansion, including an aggressive push into infrastructure, a company executive said on Wednesday.
Wed, 05 Oct 2011
Badung Regency Predicts 10% More Tourists in 2012
Ambitious Tourism Targets from Badung Regency for 2012 Bring Warnings About Putting Quantity Before Quality in Promoting Bali TourismThe tourism service of the Badung regency of Bali is targeting 3 million tourist visits to tourist objects in South Bali in 2012.
Wed, 05 Oct 2011
Pertamina, Santos Indonesian Gas-Oil Fields to Go on Maintenance
Indonesia's state-run Pertamina has planned for maintenance at the offshore North West Java oil and gas field in the second and third weeks of October, energy watchdog BPMigas said on Wednesday.The Maleo gas field in East Java, operated by Santos Indonesia, will also undergo a one-month maintenance...
Tue, 04 Oct 2011
BPK Welcomes Constitutional Court Involvement in Newmont Share Dispute
TEMPO Interactive, Jakarta:Hasan Bisri, the Supreme Audit Agency (BPK) deputy-chairman, said that he has no problem if the Finance Ministry or state investment agency PT Pusat Investasi Pemerintah (PIP) plan to bring the dispute over the Newmont Nusa Tenggara share purchase to the Constitutional...
Tue, 04 Oct 2011
First lady attends national batik day in Pekalongan
Jakarta (ANTARA News) - First Lady Ani Yudhoyono will attend a National Batik Day in Pekalongan, Central Java, on Monday.The First Lady and here entourage, made up of Madame Herawati Boediono, United Indonesia Cabinet Wives Solidarity (SIKIB), Culture and Tourism Minister Jero Wacik, and Trade...
Tue, 04 Oct 2011
Canada to establish strong trade, investment partnership with RI
Jakarta (ANTARA News) - Canada and Indonesia are to strengthen their economic development relations by establishing a trade and investment partnership, a visiting Canadian minister said."One of the strategies to do that is by forging new and deeper trade relationships around the world, and I...
Mon, 03 Oct 2011
Unilever to keep increasing investment in RI : spokesman
Jakarta (ANTARA News) - Multinational corporation Unilever intends to keep increasing its investment and expanding its production facilities in Indonesia as the country is a very important market, a spokesman said.
Mon, 03 Oct 2011
ASEAN, Canada agree to implement joint declaration
Jakarta (ANTARA News) - The Association of Southeast Asian Nations (ASEAN) and Canada have agreed to start implementing their joint declaration on trade and investment.Indonesian Trade Minister Mari Elka Pangestu in her capacity as chief of ASEAN economic ministers and Canadian Minister of...
Fri, 30 Sep 2011
Indonesia crude palm oil export to fall, downstream boost
(Reuters) - Indonesian crude palm oil exports may shrink due to the slowing global economy which could become worse than the 2008 downturn, but downstream industries and domestic demand for biofuels could benefit, the Indonesian Agriculture Minister said on Thursday.
Fri, 30 Sep 2011
Norway Interested in Water Energy Investment
TEMPO Interactive, Jakarta:Several Norwegian investors are interested in investing in hydropower in Makassar, South Sulawesi. “I welcome this intention not only from Norway, but other investors,” said Forestry Minister Zulkifli Hasan yesterday.
Fri, 30 Sep 2011
Bali`s woven handicraft exports worth US$1.6 million
Denpasar, Bali (ANTARA News) - The Bali provincial administration has exported 1.6 million pieces of woven handicraft goods worth US 1.6 million dollars in the January-August 2011 period.The exported woven handicraft goods included woven bags, paper towels, ingke (food places) and artistic...
Fri, 30 Sep 2011
Unilever to invest rp1.1 trillion in n Sumatra
Jakarta (ANTARA News) - Cosmetics producer Unilever plans to build a palm oil processing plant at Semangke, North Sumatra, at a cost of Rp1.1 trillion.The plant would produce fatty acid oil chemicals, Head of the Investment Coordinating Board (BKPM) Gita Wirjawan said after accompanying President...
Thu, 29 Sep 2011
Batik Export Touches Rp536 Billion
VIVAnews - The government said batik export value reached US$60 million or equivalent to about Rp536 billion. The main destination country is the United States."These include batik cloth and its derivative products," said Trade Minister Mari Elka Pangestu, when met after the 2011 World...
Thu, 29 Sep 2011
PT Semen Gresik to acquire coal mine
Jakarta (ANTARA News) - Cement producer PT Semen Gresik Tbk. (SMGR) is conducting a feasibility study with regard to its plan to acquire a coal mine in the Riau province in Sumatra.Its director of business development, Erizal Bakar, said here on Wednesday the acquisition was aimed at assuring...
Thu, 29 Sep 2011
Medco intends to acquire Exxon block in Aceh
Jakarta (ANTARA News) - PT Medco E&P Indonesia intends to acquire two oil blocks in Aceh namely Block B and North Sumatra Offshore offered by ExxonMobil.Its president director, Lukman Mahfoedz said here on Wednesday his side would discuss the plan with Exxon soon.
Wed, 28 Sep 2011
RI enterprises must invest more in IT
International management consultancy Accenture suggested Indonesian enterprises should increase their investment in information technology (IT) in order to support growing businesses, an official said.Accenture’s latest research found that high performing companies have strong IT elements within...
Wed, 28 Sep 2011
Taiwan Eyeing Indonesian Coal, Gas
By:Shirley ChristieTaiwanese companies plan to buy more natural resources, especially coal and natural gas, from Indonesia, a deputy minister from the north Asian nation said during a trade mission to Jakarta.
Wed, 28 Sep 2011
W Sulawesi governor promises to build cacao fertilizer plant
Mamuju, W Sulawesi (ANTARA News) - West Sulawesi Governor Anwar Adnan Saleh (AAS) promised the farmers in his area to build a cacao fertilizer plant not far from Belang-Belang seaport in Mamuju early next year.
Tue, 27 Sep 2011
Rubber price in 2012 predicted to remain high
Jakarta (ANTARA News) - The world natural rubber price which in 2011 averaged US$4 per kg is predicted to remain high within a range of US$4-US$4.5 per kg in 2012, a rubber businessman said."The price will depend on supply and demand as well as on weather conditions and the economic situation...
Tue, 27 Sep 2011
British Petroleum to explore cbm in C.Kalimantan
Palangkaraya, C.Kalimantan (ANTARA News) - PT British Petroleum planned in the near future to explore coal bed methane (CBM) in Central Kalimantan, Central Kalimantan Deputy Governor Ir.Achmad Diran said here Tuesday.
Tue, 27 Sep 2011
C Sulawesi exports 1,229 tons of nickel to China
Palu, Central Sulawesi (ANTARA News) - Central Sulawesi Province in the seven months through July exported 1,229 tons of nickel ore to China.The nickel ore exports contributed US$36.993 million to the province`s foreign exchange coffers, the head of the export section at the Central Sulawesi...
Mon, 26 Sep 2011
Hatta: Investment constraints must be removed
Jakarta (ANTARA News) - Chief Economic Minister Hatta Rajasa said that investment constraint problems must be solved soon in an effort to increase service to investors.The coordinating minister for economic affairs made the remarks during a joint press conference with Japanese Minister for Trade,...
Fri, 23 Sep 2011
Palm Oil Exports to Pakistan May Surpass US$1 Billion
TEMPO Interactive, Jakarta:Bilateral trade between Indonesia and Pakistan within the Preferential Trade Agreement (PTA) is expected to show a real impact on palm oil production. “We will gain an additional income of more than US$1 billion from branded cooking oil exports to Pakistan,” said...
Thu, 22 Sep 2011
The Russians Are Coming... With Investments
By: Shirley Christie Russian investors have confirmed plans to invest billions of dollars next year in a pair of Indonesian projects - a resources railway and a nickel smelter - a government official said.
Thu, 22 Sep 2011
Unilever May Resume Buying Sinar Mas Palm Oil
Unilever Indonesia, the country’s largest listed consumer goods maker, may resume purchasing crude palm oil from Sinar Mas Agro Resources and Technology following an 18-month halt after the palm oil producer made improvements to abide by Unilever’s guidelines for responsible environmental...
Thu, 22 Sep 2011
Elesys Inc to Build Production Base in Indonesia
TEMPO Interactive, Jakarta:Korean information technology and electricity company, Elesys Inc, plans to build an IT power production base in Indonesia. “We will start by establishing a local company in Indonesia next year,” Elesys director Soon Lee, said yesterday.
Thu, 22 Sep 2011
Australia attends e Kalimantan expo
Samarinda, E Kalimantan (ANTARA News) - An Australian education consultant, International Development Program (IDP), will take part in a five-day development exhibition held by the East Kalimantan provincial administration themed "Kaltim Expo 2011" from September 22 to 26, 2011.
Wed, 21 Sep 2011
Indonesia to host 19th ASEAN Summit in Bali
JAKARTA, (Xinhua) -- Indonesia will host the 19th ASEAN Summit and Related Summits in Bali on Nov. 14-19, a press statement said here on Monday."In its capacity as chair of ASEAN 2011, Indonesia will be the host country of the 19th ASEAN Summit," said the statement.
Wed, 21 Sep 2011
Indonesia to host World Batik Summit
JAKARTA, (Xinhua) -- Indonesia will host the World Batik Summit 2011 in the Jakarta Convention Center from Sept. 28 to Oct. 2, an official said here on Monday.Director General for Information and Public Diplomacy at the Foreign Ministry Andri Hadi told reporters that the event is also to mark batik...
Wed, 21 Sep 2011
Most business travelers coming to Indonesia from Singapore, Malaysia
JAKARTA, Sept. 21 (Xinhua) -- Most foreigners traveling on business to Indonesia come from neighboring Singapore and Malaysia, both of which are most popular destinations for Indonesian business travelers, according to a survey.
Wed, 21 Sep 2011
Indonesia`s 2012 fuel oil imports may reach 537,000 barrels/day
Indonesia`s 2012 fuel oil imports may reach 537,000 barrels/dayJakarta (ANTARA News) - The Energy and Mineral Resources Ministry estimated that Indonesia`s 2012 fuel oil imports may reach 537,000 barrels per day.
Tue, 20 Sep 2011
Bali Gearing Up for Obama Visit
Indonesian Security Measures Gearing Up in Anticipation of East Asia Summit and Visit by U.S. President Barack ObamaThe White House has confirmed that plans are moving ahead to welcome U.S. President Barack Obama to Bali in mid-November.Obama will travel from Washington, D.C.
Tue, 20 Sep 2011
RI urges Australia to sign Montara oil spill compensation accord
Bengkulu (ANTARA News) - Indonesia has urged the Australian government to soon sign an accord on payment of compensation over the 2009 Montara oil spill in the Timor Sea, Environment Minister Mohammad Gusti Hatta said.
Mon, 19 Sep 2011
Lombok Airport to start operating in October
Mataram, West Nusa Tenggara (ANTARA News) - Lombok International Airport (BIL) in West Nusa Tenggara (NTB) will become operational on October 1, 2011 despite various shortcomings, an official has said."Admittedly there are still some shortcomings but all the basic requirements and conditions...
Thu, 15 Sep 2011
S`pore is biggest investor in s Kalimantan
Banjarmasin, S Kalimantan (ANTARA News) - Singapore is now the biggest investor among 18 countries investing in South Kalimantan with a total investment of US$89.6 million, an investment official said.In total, foreign investment in South Kalimantan reached US$696 million last year with 57...
Wed, 14 Sep 2011
Toyota plans to expand its business in Indonesia
Jakarta (ANTARA News) - PT Toyota Motor Corp plans to expand its business in Indonesia with an investment of US$385 million in production means.President Susilo Bambang Yudhoyono welcomed the plan here on Tuesday saying "I welcome it as more Indonesian people would be able to work to increase...
Wed, 14 Sep 2011
British Petroleum to explore cbm in C.Kalimantan
Palangkaraya, C.Kalimantan (ANTARA News) - PT British Petroleum planned in the near future to explore coal bed methane (CBM) in Central Kalimantan, Central Kalimantan Deputy Governor Ir.Achmad Diran said here Tuesday.
Tue, 13 Sep 2011
Toyota to invest $337 mln in Indonesia expansion
JAKARTA, Sept 13 (Reuters) - Toyota Motor Corp said it will invest 2.9 trillion rupiah ($337 million) in Indonesia, building a new factory and rolling out a new model, in its second move this year to expand in the fast-growing car market.
Tue, 13 Sep 2011
German Investments in Indonesia Surpasses US$141.5 Million[
TEMPO Interactive, Berlin:The realization of German investments in Indonesia in the first semester of this year reached US$141.5 million. The amount was almost equal to the total German investments in Indonesia over the past year which covered 51 projects with a value of US$157.6 million.
Tue, 13 Sep 2011
Investors Hunt for More Gold
TEMPO Interactive, Jakarta:Threats posed by the European debt crisis and the resignation plan of the European Central Bank official boosted gold prices to a higher level. Analyst Tonny Mariano from PT Harvest International Futures said that gold is still considered a safe investment by investors.
Mon, 12 Sep 2011
President to inaugurate Lombok int`l airport Oct 3
Mataram, W Nusa Tenggara (ANTARA News) - President Susilo Bambang Yudhoyono is scheduled to inaugurate the newly built Lombok International Airport in West Nusa Tenggara province on October 3, 2011, a spokesman said.
Mon, 12 Sep 2011
Lafarge to build cement factory in North Sumatra
Langkat, N Sumatra (ANTARA News) - France`s Cement Lafarge, one of the world`s leading cement makers which will build a cement factory in Langkat district, North Sumatra, hasn`t yet obtained a building license for the project, a North Sumatra energy official said.
Mon, 12 Sep 2011
Foreign investors still counting on Indonesia
London (ANTARA News) - Indonesia still has foreign investor confidence for making investments in the country, Capital Investment Coordinating Agency (BKPM) chairman Gita Wirjawan said.Especially with an economic growth rate estimated to reach 6.
Fri, 09 Sep 2011
Indonesia to raise oil production by 1 million bpd in 2013
JAKARTA, Sept. 6 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono on Tuesday asked (industries) to increase the country's oil production by one million barrels per day in 2013 from this year's output target of 950,000 barrels per day, in an effort to anticipate the volatile soaring-global...
Fri, 09 Sep 2011
Indonesia expects 100 bln USD investment by 2014
JAKARTA, (Xinhua) - Indonesian Coordinating Minister for Economy Hatta Rajasa said on Wednesday that he expects about 100 billion U.S. dollar foreign direct investment (FDI) by 2014 despite the uncertainty of the global economic condition.