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Fri, 06 Nov 2009
Garut Still Waiting for Profit from Geothermal Power
TEMPO Interactive, Garut: The Garut regency government in West Java, has not received its share of profits worth Rp 56 billion in the geothermal power businesses from PT Indonesia Power (the power plant business unit in Kamojang) and PT Chevron Geothermal Indonesia.
Fri, 06 Nov 2009
Krakatau Steel to sign jv deal with S. Korea`s Pohang
Jakarta (ANTARA News/Asia Pulse) - Indonesian state-owed company PT Krakatau Steel will sign a joint venture agreement with South Korea's steel giant Pohang Iron and Steel to build a US$5 billion steel plant in the country.
Fri, 06 Nov 2009
Do Homework on Franchises Before Investing, Says Indonesian Chamber
Tighter government regulation of the fast-growing franchising sector would reduce messy failures, an official from the Indonesian Chamber of Commerce and Industry said on Thursday.“In franchising, I strongly suggest that investors investigate before investing,” said Amir Karamoy, a member of...
Thu, 05 Nov 2009
Big Japan retailer MUJI opens in Indonesia
article clearly not checked by an english-speaker!
Thu, 05 Nov 2009
World Bank Raises Indonesia Growth Forecast
The World Bank on Wednesday raised its outlook for Indonesia’s economic growth this year to 4.3 percent, with 5.4 percent growth expected in 2010, offering a more optimistic outlook than the International Monetary Fund did on Monday.
Thu, 05 Nov 2009
Jepara is Investors’ Favorite Region
TEMPO Interactive, Semarang:Jepara regency is the investors’ favorite region. This was shown by a report on investment realization in Central Java from January to October 31, 2009. “Out of 34 investment project completed in Central Java, eight were located in Jepara,” Anung Sugihandono, head...
Thu, 05 Nov 2009
Inco Faces Latest Challenge From Provincial Administration
TEMPO Interactive, Jakarta: East Sulawesi Provincial Administration reinstated demand for the Brazilian-controlled nickel miner Inco which operates in three provinces in Sulawesi to return 108,000 hectares of mining area to the regional government to be handed to other investors, blaming Inco for...
Thu, 05 Nov 2009
Big Japan retailer MUJI opens in Indonesia
Jakarta (Antara News) - A big Japan retailer, Mujirushi Ryohin (MUJI), expand their business in Indonesia market with the first outlet at Plaza Indonesia Jakarta and join with a retail local company was called Anak Jaya Bapak Sejahtera (AJBS) Group.
Wed, 04 Nov 2009
Indonesia defends converting peatlands to palm estates
KUALA LUMPUR (Reuters) - Indonesia will stick to a controversial plan to open peatlands for oil palm estates as it seeks to develop the economy despite protests from green groups that this type of land conversion speeds up climate change.
Wed, 04 Nov 2009
Papua to build 2,000-MW power plant
Mustaqim Adamrah, The Jakarta Post, Jakarta The Papua provincial administration is planning to build a 2,000 -megawatt (MW) hydro-power plant to meet electricity demand and to support infrastructure needs in Papua.“We are finishing the feasibility studies for the hydro-power plant.
Wed, 04 Nov 2009
Pelindo puts in place Priok overhaul plan
Nani Afrida, The Jakarta Post, Jakarta A load off my mind: Loading and unloading activities at Tanjung Priok port in Jakarta. State port operator PT Pelabuhan Indonesia (Pelindo) II plans to develop Tanjung Priok port into an international hub port with docks 18 meters deep, starting next year.
Wed, 04 Nov 2009
Manufacturing industry stagnant, government vows to improve it
Aditya Suharmoko, The Jakarta Post, Jakarta A large contributor to Indonesia’s economy, manufacturing industry, had relatively stagnant growth this year, the Central Statistics Agency (BPS) says - but the government pledges to revitalize the crisis-hit sector starting next year.
Wed, 04 Nov 2009
Indonesia’s regulator orders PT Carrefour to sell stake in listed unit By Katherine Demopoulos Published: November
Indonesia’s business competition authority (KPPU) has instructed PT Carrefour Indonesia, a subsidiary of Europe’s largest retailer, to sell its entire stake in a listed unit it bought in 2008 and pay a Rp25bn ($2.6m) fine.
Wed, 04 Nov 2009
CPO Slips as Indonesia’s Stockpiles Swell
Singapore. Palm oil declined as mounting stockpiles in Indonesia, the world’s biggest producer, boosted investor concern about excess supply.“Increasing palm oil stocks over in Indonesia are starting to get on people’s radar screen,” Carey Wong, an analyst at Oversea-Chinese Banking Corp.
Wed, 04 Nov 2009
IMF projection of RI economic growth `very low` : minister
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati expressed the view here on Tuesday that the International Monetary Fund (IMF)`s projection of 4.8 percent for Indonesia`s economic growth in 2010 was "very low.
Wed, 04 Nov 2009
KPPU: Carrefour monopolizing retail trade
Jakarta (ANTARA News) - The Business Competition Supervisory Commission (KPPU) has ruled that PT Carrefour Indonesia committed a monopolizing act and unhealthy competition by acquiring PT Alfa Retailindo Alfa`s supermarket chain early in 2008.
Wed, 04 Nov 2009
French Supermarket Carrefour Fined $2.6m for Monopolizing Market
Indonesia’s competition regulator on Tuesday ruled that the Indonesian subsidiary of French retail giant Carrefour was guilty of breaching antitrust laws, fining it Rp 25 billion ($2.6 million) and ordering it to sell most of its stake in a local retailer.
Tue, 03 Nov 2009
Indonesia to Accelerate Work on Independent Power Projects
About 50 stalled electricity generation projects involving independent power producers are set for renegotiation, as the government aims to speed them up in the first 100 days of its new term.The government will be forming a special team consisting of representatives of the Energy and Finance...
Tue, 03 Nov 2009
Growers Expect Strong Output, Mature Trees to Boost CPO Supplies
Kuala Lumpur. Palm oil stocks in Indonesia, the world’s largest supplier, should rise 100,000 tons this month from October, boosted by strong output and more maturing oil palm trees, a top industry official said on Monday.Stocks should hit 1.6 million tons in October and 1.
Tue, 03 Nov 2009
Service firms to lose $750m in revenue
Alfian, The Jakarta Post, Jakarta A recent ministerial regulation on the roles of mining service companies in mining projects may reduce the industry’s revenue by up to US$750 million a year, an industry association said over the weekend.
Tue, 03 Nov 2009
Sanyo, Hino may invest $100m early in 2010 for expansion
Mustaqim Adamrah, The Jakarta Post, Jakarta Early next year the country may see two separate investments worth US$100 million in total from two Japanese companies, Hino and Sanyo, Industry Minister M.S. Hidayat said Monday.
Sun, 01 Nov 2009
Government Vows to Build 22 Highways
The government on Friday vowed at the National Summit to make infrastructure development a priority over the next five years, including construction of over 20 toll roads in collaboration with private investors.
Sun, 01 Nov 2009
Consumer Spending Lifts Indonesian Economy
Consumer spending is continuing to drive Indonesia’s economy, with telecommunications firms leading the gains in major companies’ results through September this year. The commodities and energy sectors, however, still suffered from the impact of the global financial crisis and high lending...
Sun, 01 Nov 2009
Export drop leads to mass dismissals
The furniture and crafts industry is being battered by the global economic downturn due to slumping export demand, the closure of more than 100 companies and dismissals of up to 1 million workers.The Association of Indonesian Furniture and Handicraft Exporters (Asmindo) revealed Friday many...
Sun, 01 Nov 2009
Indonesia's Ministers Pledge New Focus On Removing Bottlenecks
Quoting: biznewsIndonesia's Ministers Pledge New Focus On Removing Bottlenecks They are the fucking bottlenecks. They're gonna remove themselves are they?
Sat, 31 Oct 2009
Indonesia's Ministers Pledge New Focus On Removing Bottlenecks
Removing policy bottlenecks is key to boosting investment and stimulating economic growth, economics ministers said at the opening of the Indonesian Chamber of Commerce and Industry’s National Summit on Thursday.
Sat, 31 Oct 2009
How to Improve Indonesia? National Summit Counts the Ways
It took two days and more than 1,500 people to make a wish list for the next 100 days and five years of government.Those are the bald figures that describe the first-ever National Summit, which ended on Friday evening with promises from the administration that each of the hundreds of ideas put...
Sat, 31 Oct 2009
Buying Land for Infrastructure Not Easy: Public Works Official
Indonesians will have to wait at least three more years before they see the massive Trans Java Toll Road project fully operational, because only around 24 percent of the land for the 650 kilometers of road needed for the project has been freed up.
Sat, 31 Oct 2009
Indonesia Min: Legal Certainty Vital for Investment
JAKARTA -(Dow Jones)- Legal certainty is vital to Indonesia's goal of supporting economic growth by improving its investment climate, Finance Minister Sri Mulyani Indrawati told reporters Friday, following the controversial arrest of two of the corruption-ridden southeast Asian nation's top...
Sat, 31 Oct 2009
Furniture exports expected to fall 40%
Indonesia's furniture exports may plunge by about 40 percent by the end of 2009, the Indonesian Craft and Furniture Producers Association (Asmindo) said Friday.Asmindo chairman Ambar Tjahyono said the global economic crisis had drastically reduced overseas demand for furniture from Indonesia.
Sat, 31 Oct 2009
Regulation on Land Clearance to be Completed in 100 Days
TEMPO Interactive, Jakarta:To accelerate infrastructure development, the government will soon issue a government regulation to replace a law (Perpu) on land clearance. “I propose that be completed in 100 days,” said Industry Minister M.S. Hidayat at the National Summit yesterday.
Sat, 31 Oct 2009
Indonesia Needs Investment of Rp2.1 Trillion
President Susilo Bambang Yudhoyono has stated that Indonesia needs investment of Rp2.1 trillion per year to reach the 7percent economic growth target by 2014.The single source of capital has been always relying on the state budget while unfortunately it can only cover 10 to 15 percent of government...
Fri, 30 Oct 2009
Indonesia Should Coax Warungs Into Formal Economy, Says World Bank
Quoting: adelinawarung owners are rich people.
Fri, 30 Oct 2009
Indonesia Should Coax Warungs Into Formal Economy, Says World Bank
Another pearl from Mrs. Kurang Paham there.
Thu, 29 Oct 2009
Indonesia looked strongest in region by 2014
JAKARTA, Oct. 28 (Xinhua) -- Indonesia is estimated to become the strongest economy in Southeast Asia region in terms of U.S. dollars currency in the next five years, following China and India in greater Asia region, according to an IMF (International Monetary Fund) estimation data disclosed by UBS...
Thu, 29 Oct 2009
Indonesia Touts Tropical Sugar Beets As Cost-Effective Alternative to Cane
The Agriculture Ministry has launched a program aimed at widespread cultivation of tropical sugar beet as part of efforts to achieve self-sufficiency in sugar production and augment ethanol supplies, a senior ministry official said.
Thu, 29 Oct 2009
Indonesian Trade Expo Opens Doors to Overseas Buyers and Criticism
Kicking off a major annual trade expo in Jakarta on Wednesday, Trade Minister Mari Elka Pangestu said the event was expected to bring in export deals worth up to $230 million, compared with $217 million last year.
Thu, 29 Oct 2009
XL Hangs Up on Telecom Regulation Requiring Providers to Use Local Parts
PT Excelcomindo Pratama said on Wednesday that it would be unable to comply with a new regulation requiring mobile providers to use more locally made network equipment. The company said the domestic firms did not yet have the capacity to meet demand.On Oct.
Thu, 29 Oct 2009
Producers benefit from coal's tight supply and strong demand
The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic and export markets.Despite the delayed completion of the 10,000 megawatts (MW) coal-fired steam power plant (PLTU) program, we expect to see additional electricity capacity starting...
Thu, 29 Oct 2009
Miners told to spend on local service firms
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies in a bid to expand local capacity.The regulation is part of the enactment of the new mining law, M.
Thu, 29 Oct 2009
North Sumatra should have free trade zone: official
Batam (ANTARA News/Asia Pulse) - North Sumatra province deserves to have a free trade zone (FTZ) to support the local economy and the region`s development, a local official said.North Sumatra Communication and Information office head Eddy Syofian said the existence of a free trade zone in North...
Wed, 28 Oct 2009
Singapore to Invest More in Indonesia
The plan is related to the visit of 22 Singaporean delegations.VIVAnews – The Singaporean government may likely invest more in Indonesia as a result of the visit of 22 Singaporean delegations led by Low Sin Leng.
Wed, 28 Oct 2009
Singapore businessmen intend to increase business ties with Indonesia
JAKARTA, Oct. 28 (Xinhua) -- Singaporean businessmen intend to increase business ties with Indonesia in sectors of logistics, transportation, and property, Bisnis Indonesia daily quoted an official as saying on Wednesday. However, the intention is hampered by lack of domestic infrastructure.
Wed, 28 Oct 2009
Government to Increase Cooperation with Private Sector
TEMPO Interactive, Jakarta: The government is committed to increase cooperation with the private sectors in order to accelerate infrastructure development.It is reported that the previous government did not reach the maximum level of such cooperation.
Wed, 28 Oct 2009
Batam Builds Rp 800 Billion Toll Road
TEMPO Interactive, Batam:To ensure efficiency of traffic serving the free trade zone in Batam, the local government will build a 25 kilometer-long toll road. “The feasibility study is has been completed.
Wed, 28 Oct 2009
ADB to fund Lahendong IV geothermal
The Asian Development Bank (ADB) will finance the construction of the Lahendong IV geothermal power plant in Tomohon, North Sulawesi, to meet local power shortages.“We’ve agreed to provide a loan of US$40 million, which is 90 percent of the total constructioncost of the geothermal power plant.
Wed, 28 Oct 2009
Indonesia Should Coax Warungs Into Formal Economy, Says World Bank
Indonesia urgently needs to make it easier for companies to legally register if the millions of tiny businesses in the country are to develop properly, a senior World Bank official said on Tuesday.“The development of small businesses in Indonesia is critical because the number of people working...
Wed, 28 Oct 2009
Culture, Copyrights Not the Same Thing
Protests by legislators and ministers over the so-called theft of Indonesian culture have highlighted just how little the government knows about intellectual property. Should we be concerned? Yes. There are serious implications for the country’s economic future.
Wed, 28 Oct 2009
Palm oil planters, buyers and NGOs face off at roundtable
KUALA LUMPUR, Oct 27 (Reuters) - The palm oil industry confronts critics and consumers in a meeting next week in Malaysia as it looks to beef up green standards that already include commitments to preserve rainforests and wildlife.
Tue, 27 Oct 2009
Rajawali to expand plantation, eyes bourse
The investment company Rajawali Group is planning to expand its palm oil plantations to 250,000 hectares from 40,000 hectares in the next 5 years and will list its plantation firm on the Indonesia stock exchange (IDX) in 2011.