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Sat, 03 Nov 2007
Jakarta raises minimum wage 8%
The Jakarta administration announced Thursday the monthly minimum wage in 2008 would go up from Rp 900,560 to Rp 972,604 (about US$107), an 8 percent increase."The decision was based on our assumption that Jakarta's economic growth will reach 6.
Fri, 02 Nov 2007
RI hopes Panasonic to produce LCD panels
The government is hoping Japanese electronics giant Panasonic will continue to invest in Indonesia despite the closure of two of the company's factories here recently.Industry Minister Fahmi Idris said Thursday in Jakarta that he would soon send a delegation to lobby Panasonic's executive board in...
Fri, 02 Nov 2007
Mobile-8 reports 513% increase in net profit
PT Mobile-8 Telekom, the owner of CDMA-based mobile phone service Fren, recorded a 513 percent increase in net profit during the nine months ending Sept. 30 on the back of hefty growth in its subscriber base.The publicly listed company reported Thursday that following a 73.
Fri, 02 Nov 2007
Government Asked to Increase Export Destinations
TEMPO Interactive, Jakarta: The government is asked to increase the market of non-oil and gas exports due to the present sluggish exports. This is by increasing the export destination countries.This was said by economic observer, Hendri Saparini, responding to the Central Statistics Agency (BPS)...
Fri, 02 Nov 2007
Tourist arrivals in RI up 13 pct
Makassar, S Sulawesi (ANTARA News) - More than 2.9 million foreign tourists visited Indonesia in the first eight months of 2007, up 13.47 percent from the same period last year, a tourism official said.
Fri, 02 Nov 2007
Chevron Indonesia Plans to Expand Geothermal Power
Strange, I know someone very well positioned for a bit off business there!
Fri, 02 Nov 2007
Chevron Indonesia Plans to Expand Geothermal Power
JAKARTA - Chevron Geothermal Indonesia Ltd, a unit of Chevron Corp. plans to expand its geothermal power capacity to meet growing electricity demand in the Southeast Asian country, a company official said on Thursday.
Thu, 01 Nov 2007
Indonesia to relocate tigers from oil-palm plantations
Wednesday 31st October, 2007 (IANS)Jakarta, Oct 31 (Xinhua) Indonesia will relocate endangered animals, such as the tiger, from forests from which timber was being harvested or which had been converted to oil-palm plantations in Sumatra island, Forestry Minister Malam Sambat Kaban said here...
Wed, 31 Oct 2007
Bakrie Telecom users close to 3 million
PT Bakrie Telecom (Btel) -- the operator of CDMA brand Esia and wireless telecommunications services Wifone and Wimode -- reported a 118.7 percent increase in third quarter net profit from a year earlier on the back of increasing numbers of subscribers.A 126.
Wed, 31 Oct 2007
Bali governor asks people to conserve endangered seaweed
Nusa Penida, Bali (ANTARA News) - Governor of world renown island tourist of Bali, Dewa Beratha, has asked farmers in Nusa Penida islet to conserve endangered seaweed called spinosum and increase cultivation of the plant.
Wed, 31 Oct 2007
President asks companies to create clean energy
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has called on energy companies in the country to create clean energy in an effort to anticipate global climate change."The climate is changing for the worse.
Wed, 31 Oct 2007
Indonesia inviting foreign investment to develop seaweed potential
Denpasar, Bali (ANTARA News) - Indonesia has invited Danish, German, Japanese, South Korean and Southeast Asian businessmen to invest in the devlopment of the country`s seaweed potential, Marine and Fisheries Minister Freddy Numberi said.
Wed, 31 Oct 2007
WiFi and phone lines for the masses
I think Kampung WiFi is perhaps not Indonesia's most pressing priority.
Wed, 31 Oct 2007
WiFi and phone lines for the masses
Originally Posted By: chewwyUKThe administration of these networks is a nightmare! They may have got things to work in India captain but this isn't India. The details of what the government have on offer would make very interesting reading ...
Wed, 31 Oct 2007
WiFi and phone lines for the masses
i do often wonder how humungous organisations like telkom and PLN actually work, given the general culture of technical and organisational incompetence that is exhibited daily in indonesia.there is a vast transport system -- trains, planes and ships -- that works the majority of time, as well as...
Wed, 31 Oct 2007
WiFi and phone lines for the masses
The administration of these networks is a nightmare! They may have got things to work in India captain but this isn't India. The details of what the government have on offer would make very interesting reading ... will they offer enough incentives to get companies to buy in to the project.
Wed, 31 Oct 2007
WiFi and phone lines for the masses
They got it to work in India Chewwy - the backbone was used by tobacco traders who paid for it to allow farmers to keep in touch regarding crop information .Strange isn't it? people take the piss out of PAM/PLN and Telkom , but administrating these networks must be a real nightmare.
Wed, 31 Oct 2007
WiFi and phone lines for the masses
Hmmm -- where to start with this one? Sounds like a fantastic plan but I can't see any of the companies being very interested in doing this project unless the government put together a very attractive deal.
Wed, 31 Oct 2007
Govt. to Scrap Electronics Luxury Sales Tax
I think that is yet to be decided. The minister in charge is still reviewing the bids coming in from the Electronics companies. As soon as those negotiations are complete they will announce
Wed, 31 Oct 2007
New mining bill fails to tempt: Industry group
Cheesus Haich Keeriste,tehy just don't get it do they?Who on earth is going to invest in a complete upstream to downstream project?What kreteks are they smoking over there?The commodity boom will be over in less than 10 yrs and the Indo govt will be left wondering wtf happened....
Tue, 30 Oct 2007
New mining bill fails to tempt: Industry group
The Indonesian Mining Association (IMA) wants incentives for mining firms that under a new mining bill will be required to set up integrated, downstream-to-upstream business operations.Under the mining bill, whose deliberation at the House of Representatives is nearing completion, new mining...
Tue, 30 Oct 2007
WiFi and phone lines for the masses
Modern telecommunications thanks to fiber-optic networks would see some 40,000 villages nationally enjoy telephone and Internet connections, but only if the government's tender is answered.Information and communication minister Muhammad Nuh said Monday the government would open for tender the...
Tue, 30 Oct 2007
Future for Creative Industries: Minister
Indonesia wants to more than double the creative industries’ contribution to the national economy in the next few years through aggressive development of the country’s rich, but largely untapped, artistic traditions and cultural heritage.
Tue, 30 Oct 2007
Govt. to Scrap Electronics Luxury Sales Tax
The government has decided to abolish the luxury sales tax on 11 electronic products next month, an official said.The decision came after a tariff team of the Finance Department and the Industry Department reached an agreement on tariff synchronization, Transport Equipment Industry Director General...
Tue, 30 Oct 2007
AGU to Build More Palm Oil Factories
PT Antang Ganda Utama (AGU) PIR Butong plans to build more processing factories to produce crude palm oil and palm kernel oil in its plantation area in North Barito regency, Central Kalimantan province, Antara reported on Monday (22/10/07).
Tue, 30 Oct 2007
‘New Era’ for Exports - Minister
The country is set to enter the "next stage" of its export recovery, 10 years after the 1997 Asian financial crisis, Trade Minister Mari Pangestu said.In an interview with Agence France-Presse last week as a major trade fair was launched aiming to lure cashed-up buyers from abroad, Pangestu said...
Tue, 30 Oct 2007
Commodity Exports to be Boosted - Report
Indonesia will boost exports of plantation and mining commodities to ensure stable economic growth should soaring crude oil prices prompt a global economic slowdown, according to a report in Bisnis Indonesia Thursday (25/10/07).
Tue, 30 Oct 2007
Krakatau Steel seeking strategic alliance
Jakarta (ANTARA News) - State-owned steel company PT Krakatau Steel is considering a strategic alliance with a number of world steel companies to improve its performance particularly in supplying iron ore.
Tue, 30 Oct 2007
ADB to provide loan for building highway from Penang to Medan
Medan (ANTARA News) - The Asian Development Bank (ADB) is planning to provide a loan for the construction of infrastructure including a highway from Penang in Malaysia and Songkla in Thailand to Medan in Indonesia to improve the growth triangle cooperation.
Tue, 30 Oct 2007
KADIN calls for speedy improvement of sea-port facilities
Nanning, China (ANTARA News) - The Indonesian Chamber of Commerce and Industry (KADIN) has urged the government to soon improve facilities at Indonesian seaports as they were no longer adequate, thus often causing delays in the delivery of Indonesian exports.
Tue, 30 Oct 2007
Minister invites Chinese bizmen to invest in Indonesia
Nanning, China (ANTARA News) - Transportation Minister Jusman Syafii Djamal here on Monday invited Chinese businessmen to invest in Indonesia."I invite you (Chinese businessmen) to invest in Indonesia. There are still many investment opportunities and natural resources that can be developed in...
Tue, 30 Oct 2007
RI exports to Europe increasing by 10-12 pct
Jakarta (ANTARA News) - Indonesia`s exports to Europe had been predicted to remain increasing by 10-12 percent, despite the strengthening of the europ exchange rate against the US dollar."Yes, it has really enhanced the competitiveness of Indonesia`s exports to the European market," Minister of...
Mon, 29 Oct 2007
Indonesia finance minister sees investment, growth
Jakarta (ANTARA News) - Indonesia's finance minister said investors are returning to Southeast Asia's biggest economy, following the government's steps to tackle corruption and improve the overall investment climate.
Sun, 28 Oct 2007
Prices of Manufactured Products Rise
TEMPO Interactive, Jakarta: The prices of manufactured products will rise next year due to the soaring crude oil price on the world’s market. According to General Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), M.S.
Sun, 28 Oct 2007
Taxes, labor laws cited as problems
Despite considerable macroeconomic improvements, Indonesia still needs to review its tax system and labor laws if it wants to compete with other countries in attracting foreign investment, American businesspeople say.
Sat, 27 Oct 2007
Minister: investors see luxurious goods sales tax as high cost
Jakarta (ANTARA News) - Industry Minister Fahmi Idris said that sales tax on luxury goods (PPnBM) was regarded as a high cost by investors in the automotive and electronic sectors."Sales tax on luxuries is still deemed as high cost for investment in the automative and electronic industries, and...
Sat, 27 Oct 2007
RI Offers power sector investment opportunity to U.S business delegation
Jakarta (ANTARA News) - The Ministry of Indudstry has offered an opportunity to a United States trade delegation grouped in the US-ASEAN Business Council for Indonesia for investment in the electricity sector."Our energy policy now is building coal-fired power plants.
Fri, 26 Oct 2007
U.S. investors will get the 'red carpet'
The government promised here Thursday to give the red carpet treatment to U.S. investors in the hopes that more American companies will do business in Indonesia."What we can promise you is that we will change the red tape into red carpet and that we will have zero tolerance for corruption,"...
Fri, 26 Oct 2007
Govt to help promote local brands overseas
Indonesian companies are currently suffering from a lack of recognition in the international market with only 25 local brands currently known worldwide, a senior executive of the Indonesian Chamber of Commerce and Industry (Kadin) revealed on Thursday.
Thu, 25 Oct 2007
Govt to set guidelines for industries
The government is finalizing a raft of regulations aimed at developing the industrial sector into a tightly knit network of self-supporting sectors, with manufacturers serving as the future backbone of the economy.
Thu, 25 Oct 2007
CPO Standard Export Price Could Rise
TEMPO Interactive, Jakarta: There is a possibility that the government will raise the standard export price (HPE) for crude palm oil (CPO) and its processed products in line with the recent global oil price increases.
Thu, 25 Oct 2007
Indonesia gets emergency free zones
JAKARTA - After years of policy confusion and political gridlock, Indonesia's Parliament this month ratified a government plan to establish full free trade zones (FTZ) for areas of three islands located near Singapore.
Thu, 25 Oct 2007
VP asks major cities to develop mass transport systems
Jakarta (ANTARA News) - Vice President Jusuf Kalla on Wednesday asked major city administrations in the country to soon develop mass transport systems to overcome transportation problems and anticipate a continuous increase in the prices of fuel oil.
Wed, 24 Oct 2007
Government to scrap VAT on coal
yes, when all coal mining ops are owned by Bakrie, then the tax gets scrapped, funny that.....
Wed, 24 Oct 2007
Government to scrap VAT on coal
Following a protracted debate over the various duties on coal, the government says it will scrap the value-added tax (VAT) on the commodity.The Finance Ministry's director general for taxation, Darmin Nasution, said in the latest proposed amendment of the VAT law coal would be excluded from the...
Wed, 24 Oct 2007
Trade expo opens with an attitude of optimism
President Susilo Bambang Yudhoyono opened the annual Trade Expo Indonesia at The Kemayoran fair grounds here Tuesday amid fears of a weakening global economy that could dampen international demand for the country's commodities.
Wed, 24 Oct 2007
Government to Launch Wi-Max Indonesian-version
TEMPO Interactive, Jakarta: The government will launch the worldwide interoperability for microwave access (Wi-Max) technology, the Indonesian version. The research and development of this technology has started and it is expected that the prototype will be launched in late 2009.
Wed, 24 Oct 2007
Foreign firms control oil-palm fields in RI, Apkasindo says
Medan (ANTARA News) - The Association of Indonesian Oilpalm Farmers (Apkasindo) says the government had been lax in keeping abreast of foreign control over oil-palm plantations in the country.Apaskindo Secretary General Asmar Arsjad said here on Tuesday the government had been off-guard with regard...
Wed, 24 Oct 2007
Iceland seeking opportunities to invest in geothermal development
Jakarta (ANTARA News) - Iceland is seeking opportunities to invest in geothermal development in Indonesia, an Indonesian official said."They are offering cooperation to develop geothermal-based energy projects," Industry Minister Fahmi Idris said after accompanying President Susilo Bambang...
Wed, 24 Oct 2007
Global CPO prices expected to hit record US$900
Medan, N Sumatra (ANTARA News) - Global crude palm oil prices are expected to hit a 23-year record of US$900 per ton following a rise in global oil prices, an industry spokesman said."CPO prices in Rotterdam rose to US$885 per ton this week from US$865 per ton a week earlier due to a rise in global...