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Wed, 15 Nov 2006
The beliefs and values of Indonesians today
Change is not particularly welcome, regardless of sex or level of education, in Indonesia. About four out of five people believe that there is "too much change going on these days".The same number are "environmentalists at heart", with more than half the population trying to "recycle everything I...
Wed, 15 Nov 2006
Time for U.S. business to recognize RI potential
Andi Haswidi, The Jakarta Post, JakartaHaving been informed by the Indonesian government of the progress made to date, U.S. Chamber of Commerce president Thomas J. Donohue said that now was the time for U.S. businesses to fully recognize Indonesia's commercial potential.
Wed, 15 Nov 2006
Economy starts recovery in 3rd quarter on supportive policies
Jakarta (ANTARA News) - Indonesia's economy began to recover in the third quarter following a sluggish performance in the first half ,as supportive fiscal and monetary policies aided growth, the World Bank said in a new report on the country.
Tue, 14 Nov 2006
RI`s rubber output to decline by 2% next year
0.26 million tons for domestic use. Thats a buch of condoms.....
Tue, 14 Nov 2006
State Bank Holding Company May Be Set Up
TEMPO Interactive, Jakarta: There is a possibility that the government will set up a new company to be called the Indonesia Bank Holding Company, that will manage the activities of all currently existing state banks.
Tue, 14 Nov 2006
US Chamber suggests RI reform investment, tax regulations
Jakarta (ANTARA News) - Indonesia needs to reform its regulations on investment and taxation as well as promote liberalization in the manpower sector to lure foreign investors including those from the US, a US buisnesman said.
Tue, 14 Nov 2006
RI`s rubber output to decline by 2% next year
Jakarta (ANTARA News) - The Indonesian Rubber Producers Association (Gapkindo) has predicted that the country`s rubber output in 2007 will drop by 2 to 3 percent from a year earlier because of the high precipitation in the December 2006-February 2007 period.
Tue, 14 Nov 2006
Chinese company offers to cooperate with Badung district
Denpasar (ANTARA News) - A Chinese company in Guangzhou, Dong Fang International Travel Service Co. Ltd , has offered to cooperate in tourism promotion with Badung district in the Indonesian island resort of Bali, a local official said.
Tue, 14 Nov 2006
Riau Islands eyes share in Natuna's oil, gas fields
The local government of the Riau Islands province plans to ask for ownership in oil and gas fields being developed in its Natuna Sea area, amid ongoing contract negotiations for the D-Alpha block.Besides the particular gas-rich block, the contract for which the Indonesian government had recently...
Tue, 14 Nov 2006
Pertamina May Get Subsidized Supply Rights
Downstream oil and gas regulator, BPH Migas may give state oil firm PT Pertamina exclusive rights to supply and distribute subsidized oil products in 2007 as private firms do not have the necessary network, its chief said Tuesday (7/11/06).
Tue, 14 Nov 2006
Investors Sought for Bontang Coal Plant
Indonesia is seeking investors to build a plant to supply coal steam to the Bontang liquefied natural gas (LNG) facility that uses natural gas to generate electricity, Mines and Energy Minister Purnomo Yusgiantoro said on Thursday (9/11/06).
Tue, 14 Nov 2006
Adhi Karya Eyes 65% Profit Rise in 2007
State construction company PT Adhi Karya expects to post a 65% increase in its net profit next year as the company will sign more projects, president director Saiful Iman said Wednesday (8/11/06).Adhi Karya's net profit is likely to reach Rp150 billion ($16.
Tue, 14 Nov 2006
Jasa Marga Delays IPO to Early 2007
State-owned toll road firm PT Jasa Marga said it has postponed a planned Rp2 trillion ($219.6 million) initial public offering to the first quarter of 2007.The firm said in September it planned to list 15% of its shares on the Jakarta Stock Exchange in November to raise funds to finance the...
Tue, 14 Nov 2006
BKPM to Adopt New Statistical System
The Investment Coordinating Board (BKPM) is planning to revamp the way it records the flow of investment into the country so as to better reflect what is actually happening."The current system is inaccurate," BKPM chief, M Luthfi said Monday (6/11/06), according to The Jakarta Post.
Tue, 14 Nov 2006
Jakarta Paves the Way on Works Projects
Indonesia’s efforts to get delayed infrastructure projects off the ground inched forward as foreign and local investors at the recent infrastructure conference were encouraged by a government pledge to offer financial backing for private investors in state-sponsored ventures, The Wall Street...
Tue, 14 Nov 2006
Consumer Confidence Index at 14-Month High
The consumer confidence index rose to 98.1 points in October, its highest mark in 14 months, up from 96.1 points in September, a central bank survey showed Wednesday (8/11/06), according to Agence France-Presse.
Tue, 14 Nov 2006
Share Market Booms
The Jakarta Stock Exchange continues to hit new highs, with the composite index hitting a new record on Friday (10/11/06) after Bank Indonesia (BI) dropped its key rate by 50 points to 10.25%.The composite index rose to 1,673.125 before falling off to close at 1,664.837.
Mon, 13 Nov 2006
West Java needs supports to convince investors
Bandung, West Java (ANTARA News) - The West Java provincial administration was in need of supports from all stake holders to attract both domestic and foreign investors to sink their capital in the province, a local official has said.
Mon, 13 Nov 2006
Indonesian market to continue positive trend
Jakarta (ANTARA News) - The Indonesian stock market is likely to maintain its upward trend, despite possible corrections due to overbuying, an analyst said ovber the weekend."Technically, it's possible for the index to continue its rise next week because the trend has been on the increase since...
Sun, 12 Nov 2006
VEEP: nation can't become strong without businessmen
Quote:"A good governor or mayor/district head is the one who is reluctant to extort businessmen, reluctant?!is this really what he said, or is it Antara's hopeless translators?
Sun, 12 Nov 2006
Tourists spend most on sleeping and eating
The Jakarta Post, JakartaDespite coming thousands of kilometers to visit Indonesia, foreign visitors spend most of their money here on the rather mundane activities of sleeping and eating, a survey has found.
Sun, 12 Nov 2006
VEEP: nation can't become strong without businessmen
Makassar (ANTARA News) - It was impossible for a nation in the world to become strong without an active role of businessmen in building that nation, Vice President M Jusuf Kalla said.Speaking on the occasion of opening the 8th Makassar Bugisenese Businessmen Meeting here on Saturday, the officials...
Sun, 12 Nov 2006
Social impact of plan to industrialize Madura
Surabaya, Nov 11 (ANTARA) - A Madurese politician, Farid Alfauzi, has called on the government to give Madura religious and community leaders transparent explanations about the social impact of its plan to develop Madura island into an industrial hub.
Sat, 11 Nov 2006
India's Bajaj makes debut in RI market
Originally posted by: Orang KanadaHave any pictures of the new bike? clearly a "motor cowok" rather than the ubiquitous 'motor bebek' so popular in indonesia ...
Sat, 11 Nov 2006
Govt to produce 800,000 gas stoves in 2007
Jakarta (ANTARA News) - The Indonesian government through the Ministry of Cooperatives and Small/Medium Enterprises will produce 800,000 gas stoves early in 2007, a member of cabinet said."We have a program to double the production of gas stoves 800,000 early in 2007 because the production of...
Sat, 11 Nov 2006
Bank Permata denies plan for layoff
Jakarta (ANTARA News) - Publicly-listed Bank Permata on Friday denied a report that it would lay off some of its employees for productivity reasons.It was too early for the bank to come to a decision to cut its personnel in order to improve its performance, the bank`s vice president, Imam Teguh...
Sat, 11 Nov 2006
Japan to return to RI as main investment destination
Osaka (ANTARA News) - The Indonesian government hopes Japanese businessmen and and their government would again make Indonesia their overseas priority investment destination following a plan to sign Economic Partnership Agreements later this month, a senior diplomat said.
Sat, 11 Nov 2006
Indonesian 3rd quarter GDP to surpass 2nd quarter
Jakarta (ANTARA News) - Coordinating Minister for the Economy Budiono said he expects a pickup in economic growth in the third quarter, supported by an ongoing decline in domestic interest rates.GDP data for the three months to September is scheduled to be announced next week"I expect third quarter...
Sat, 11 Nov 2006
Standard Oil Price Remains
TEMPO Interactive, Jakarta: The government will not alter the fuel oil and subsidized fuel oil prices until the second half of 2007. “For now until June 2007, we will use the same standard,” said Finance Minister Sri Mulyani in Jakarta yesterday (9/11).
Sat, 11 Nov 2006
Siemens to set up 3G/W-CDMA network for Telkomsel
Siemens Communications Group has been awarded a contract to set up a 3G/W-CDMA network for Telkomsel, one of the country's major mobile communications network operators.Siemens Communications Indonesia said Thursday that the 3-year framework agreement between Siemens and Telkomsel foresaw the...
Sat, 11 Nov 2006
India's Bajaj makes debut in RI market
Bajaj Auto, the second Indian motorcycle manufacturer to have entered Indonesia, officially launched its Pulsar sporty-look motorcycle in Jakarta on Thursday, marking the company's debut in the country's growing motorcycle market.
Sat, 11 Nov 2006
Japan eyes FTA breakthrough with Indonesia
Tokyo (ANTARA News) - Japan said Thursday it hoped to reach an outline deal on a free trade agreement with Indonesia later this month in time for President Susilo Bambang Yudhoyono's visit to Tokyo."Japan wants to advance the negotiations on the economic partnership with Indonesia towards the visit...
Sat, 11 Nov 2006
Retail Business Not Yet Prospective
TEMPO Interactive, Jakarta: Retail industry activities until next year are regarded as not yet prospective because consumers’ purchasing power is still weak.The retail business is still categorized as a business of high costs and low profits.
Fri, 10 Nov 2006
Retail Business Not Yet Prospective
TEMPO Interactive, Jakarta: Retail industry activities until next year are regarded as not yet prospective because consumers’ purchasing power is still weak.The retail business is still categorized as a business of high costs and low profits.
Fri, 10 Nov 2006
The collapse of East Kalimantan-Java gas pipeline
The US$1.25 billion East Kalimantan-Java gas pipeline project handled by PT Bakrie Brothers Tbk is apparently on the verge of collapse after energy minister Purnomo Yusgiantoro declared the project is not feasible, Kompas reported. The very same minister initially endorsed the project.
Fri, 10 Nov 2006
Consumer confidence index rises to 14-month high
Jakarta (ANTARA News) - Indonesia's consumer confidence index rose to 98.1 points in October, its highest mark in 14 months, up from 96.1 points in September, a central bank survey showed Wednesday.The confidence index, which indicates respondents' optimism about the economy, last stood above 100...
Thu, 09 Nov 2006
Minister asks Contractors to be more professional
Jakarta (ANTARA News) - Public Works Minister Djoko Kirmanto has asked major contractors grouped in the Indonesian Contractors` Association (AKI) to be more professional by improving their competence and competitiveness.
Thu, 09 Nov 2006
President Interested in De Soto's Idea
TEMPO Interactive, Jakarta: President SBY has stated that he was interested in Hernando de Soto's “recipe” for improving the well-being of poor people.In his meeting with the President yesterday, the renown Peruvian economist set forth the significance of providing poor people or informal...
Thu, 09 Nov 2006
Indonesia still considered corrupt despite graft war
Originally posted by: Orang KanadaYou know it... Silver Bird = wealthy passenger = police want a bribe... oh poor you Kanada, but trust me if you go with me, no police will bribe you
Thu, 09 Nov 2006
Indonesia still considered corrupt despite graft war
You know it... Silver Bird = wealthy passenger = police want a bribe...
Thu, 09 Nov 2006
RI becomes Microsoft's biggest growth market in SE Asia
Indonesia has overtaken the Philippines as world-software-giant Microsoft's most rapidly growing market in Southeast Asia thanks to a surge in the sales of the company's antivirus products here.Microsoft Indonesia executive Adrian Anwar said Tuesday in Jakarta that sales of antivirus products in...
Thu, 09 Nov 2006
Indonesia's Mobile-8 IPO looks expensive
Jakarta (ANTARA News) - PT Mobile-8's indicative price range of 200-240 rupiah per share for its planned initial public offering (IPO) of 3.9 bln shares is "expensive" compared to its telecom peers, brokerage firm UOB Kay Hian said.The IPO is slated for Nov 22-24.
Wed, 08 Nov 2006
Government Prioritizes Investment at Border Areas
TEMPO Interactive, Jakarta: The government prioritizes the increase of investment at border areas in Eastern Indonesia. This program is being carried out through sub-regional economic cooperation with Brunei Darussalam, the Philippines and Malaysia.
Wed, 08 Nov 2006
Indonesia, Japan foucus investment on four sectors
Jakarta (ANTARA News) - The Indonesia-Japan Joint forum has agreed to increase Japanese private investment in Indonesia with priority to four industries, namely the electronics, automotive, textile/clothing and support industries.
Wed, 08 Nov 2006
Dekopin against foreign involvement in plantations
Jakarta (ANTARA News) - The Indonesian Cooperatives Council (Dekopin) rejects foreign investors` involvement in the development of oil palm, castor oil and other plantations in Indonesia to avoid foreign domination of land cultivation in the country.
Wed, 08 Nov 2006
BI pays close attention to possible capital outflow
Jakarta (ANTARA News) - Bank Indonesia (BI) would continue paying close attention to market developments to anticipate capital outflow following the central bank rate`s further decline to 10.25 percent, an official said.
Wed, 08 Nov 2006
Local franchises expanding quickly
Nowadays, franchising is no longer synonymous with overseas brands.In fact, there is an increasing number of local players using franchising to expand their businesses. Indeed, a number of indicators show that the expansion of local franchise businesses is exceeding that of their foreign...
Wed, 08 Nov 2006
Inco’s 3Q Net Profit $124.6m Vs $62.4m
PT International Nickel Indonesia (Inco) said Monday (30/10/06) its net profit nearly doubled to $124.6 million in the third quarter of the year from $62.4 million a year earlier due to higher nickel prices.Sales during the July to September period rose to $307.6 million from $219.
Wed, 08 Nov 2006
Telkom’s Q3 Net Profit Jumps
PT Telkom posted a better-than-expected 82% rise in quarterly net profit on Tuesday (31/10/06) on strong performance by its mobile unit, which is seen driving growth for the rest of the year, Reuters reported.Telkom, with a market capitalization of about $18 billion, booked a net profit of Rp3.