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Thu, 13 Nov 2008
Luxembourg Looks at Investing In Indonesia
Could it be some old family money coming home?
Thu, 13 Nov 2008
In crisis, businessmen asks for economic stimulus
Jakarta (ANTARA News) - Indonesian businessmen have asked the government to give them an economic stimulus to deal with the current economic crisis until 2009.The chairman of the Indonesian Chamber of Commerce and Industry (Kadin), MS Hidayat, said after a meeting between businessmen and bankers...
Thu, 13 Nov 2008
10 years later, RI's legal reform yet to be fulfilled
Frans H. Winarta, Jakarta Reform means the reconstruction of an order. When pertaining to law, legal reform means the reconstruction of the law, such that the law can be applied in accordance with the demands of reformation, and can follow the development and needs of the public according to the...
Thu, 13 Nov 2008
Bureaucratic reform has 'failed'
A decade of bureaucratic reform and new more stringent laws have not helped curb corruption in courts or improved the country's appeal to foreign investors, a discussion heard in Jakarta on Tuesday.Constitutional Court chief Moh.
Thu, 13 Nov 2008
Luxembourg Looks at Investing In Indonesia
Wednesday, 12 November, 2008 | 21:41 WIBTEMPO Interactive, Jakarta:Luxembourg’s Economy and Foreign Trade Minister Jeannot Krecke said the country is looking at the possibility of investing in and cooperating with industries in Indonesia.
Wed, 12 Nov 2008
RI, Dutch business makers encouraged to increase partnership
Jakarta (ANTARA News) - Dutch Economic Affairs Minister Maria van der Hoeven has encouraged Indonesian and Dutch business makers to step up business contacts and partnership among them, although global economic development was at its slow pace.
Wed, 12 Nov 2008
Pertamina starts supplying biodiesel to industries
Jakarta (ANTARA News) - State-owned gas and oil company Pertamina is to start supplying biodiesel to 28 industrial consumers in Jakarta, Banten and West Java, here Tuesday, a Pertamina executive said.The operation would constitute the first phase of a plan to supply biodiesel to 436 industrial...
Tue, 11 Nov 2008
Greenpeace Says Blocks Palm Oil Ships In Indonesia
INDONESIA: November 11, 2008JAKARTA - Greenpeace has blocked three tankers due to transport crude palm oil to China and Europe from leaving an Indonesian port in a bid to highlight deforestation caused by the cash crop, the environmental group said on Monday.
Tue, 11 Nov 2008
Global recession overshadows property market
Indonesia's property sector is already feeling the pinch from the global economic downturn as demand is slowing at a time when interest rate adjustments have become a necessity for developers to keep business going, a property consultant says.
Tue, 11 Nov 2008
Bali tourism fully recovers ... so what?
Hyginus Hardoyo, Denpasar Concerted efforts designed to revive Bali's tourism industry, which had been devastated by two violent bomb attacks on the resort island in 2002 and 2005, have born fruit.The tourism industry in Bali -- an island which is known by many names, including the island of Gods,...
Tue, 11 Nov 2008
Tighter times forecast for luxury market
Mustaqim Adamrah & Olivia Dameria, The Jakarta Post, Jakarta Being single and fairly loaded won't be a guarantee that a big-spender like Jamie, an executive for a foreign-based financial giant in Jakarta, will be able to easily spend away his Rp 80 million (US$7,200) monthly income next year on...
Tue, 11 Nov 2008
Businesses Reluctant To Invest in The Thousand Islands
Monday, 10 November, 2008 | 18:47 WIBTEMPO Interactive, Jakarta:The lack of adequate infrastructure and facilities for maritime tourism in the Thousand Islands is the reason why businesspeople are reluctant to invest in the area.
Tue, 11 Nov 2008
Dutch companies seek cooperation in sustainable energy
Jakarta (ANTARA News) - Dutch businessmen are seeking to cooperate in renewable and sustainable energy development particularly biodiesel, geothermal energy as well as water management, visiting Dutch minister of economy, Maria van der Houven, said here on Monday.
Tue, 11 Nov 2008
Central Bank: Indonesia`s economy to grow five percent
Jakarta (ANTARA News) - Bank Indonesia deputy governor Hartadi A Sarwono said here on Monday the country`s economic growth was expected to reach around five percent or below 6.1 to 6.2 percent predicted in 2008."The growth of around five percent is very good because it can be 5.3 to 5.
Mon, 10 Nov 2008
Oil Palm Farmers Can No Longer Afford Fertilizer
Monday, 10 November, 2008 | 14:46 WIBTEMPO Interactive, Jambi: Oil palm farmers in Jambi cannot afford to buy fertilizer anymore due to the drop in oil palm prices and the rise in fertilizer prices.“We are having a hard time,” Amirullah, 46, a farmer from Mundungdarat village, Muarosebo...
Mon, 10 Nov 2008
Trade minister to meet Australian businessmen in Melbourne
Originally Posted By: MarmaladeTens of? What, 40, 50?Surely 20 is a score? Tens of businessmen. 20 is indeed a score. Indonesians tend not to use the words "dozens" or "a score"; instead, they say "berpuluh-puluh" or "tens of", or "dua-puluhan" or...
Mon, 10 Nov 2008
Trade minister to meet Australian businessmen in Melbourne
Originally Posted By: KuKuKaChuTrade minister to meet Australian businessmen in MelbourneBrisbane (ANTARA News) - Trade Minister Mari Elka Pangestu will speak on the latest developments of the trade sector in Indonesia and the Indonesian trade policy in a planned meeting with tens of Australian...
Mon, 10 Nov 2008
Trade minister to meet Australian businessmen in Melbourne
Why sure Gentlemen, your investments are safe, our laws and court system are more than adequate to protect your millions in investment dollars. As for the terrorism issue brought up, we have just executed the 3 Bali Bomber so they are all gone. No more terrorists.
Sun, 09 Nov 2008
Crab exports to US drop drastically
Originally Posted By: KuKuKaChuCrab exports to US drop drasticallyHe said his company had a production capacity of more than two tons a day but now it produced only two days maximally a day.
Sun, 09 Nov 2008
Crab exports to US drop drastically
Originally Posted By: ANTARA News"Before the fuel price hike and current financial crisis we bought crabs from fishermen at Rp180,000 per kilogram but now as demand is dropping we could buy them at Rp100,000 to Rp110,000 per kilogram," Mujahid said.Probably too much Peditox in the water.
Sun, 09 Nov 2008
Trade minister to meet Australian businessmen in Melbourne
Brisbane (ANTARA News) - Trade Minister Mari Elka Pangestu will speak on the latest developments of the trade sector in Indonesia and the Indonesian trade policy in a planned meeting with tens of Australian major businessmen in Melbourne on November 13, 2008.
Sun, 09 Nov 2008
Crab exports to US drop drastically
Cirebon (ANTARA News) - Crab exports from Cirebon, West Java, to the US have been declining drastically since September due to low demand following current financial crisis in that country."The drop is very drastic up to 50 percent.
Sat, 08 Nov 2008
Pharma grouping to appeal over drug registration
A grouping of pharmaceutical companies will lobby for a review of a Health Ministry regulation that revokes the right of some of its members to register, and thus sell, drugs they import.The regulation, issued last Monday, applies in particular to PBFs -- a corporate classification set by the...
Sat, 08 Nov 2008
Foreign Investment in Pharmaceuticals Hampered by Regulations
Friday, 07 November, 2008 | 14:34 WIBTEMPO Interactive, Jakarta:The inclusion of the pharmaceutical industry in the negative investment list will hamper its expansion. The policy is seen to be affecting future foreign investment in Indonesia.
Fri, 07 Nov 2008
Govt. introduces new measures to meet crisis
The government and central bank on Tuesday unveiled a series of measures to bolster foreign exchange reserves and market confidence as the rupiah hit a seven-year low of Rp11,900 against the US dollar, The Jakarta Post reported.
Fri, 07 Nov 2008
Riau Islands to cut red tape
The Batam, Bintan and Karimun (BBK) Special Economic Zone Commission has ensured speedy licensing procedures free from illegal levies in a bid to attract foreign investors impacted by the global financial crisis, The Jakarta Post reported.
Fri, 07 Nov 2008
Govt. lowers 2009 agricultural growth target
The Agriculture Ministry has lowered the growth target for the agricultural sector for 2009 to 4.2% from 4.6% as the exports of a number of farm commodities decline due to the current global financial crisis.
Fri, 07 Nov 2008
House approves macro assumptions for 2009
The House of Representatives on Thursday approved macroeconomic assumptions for use in calculating the 2009 state budget, Dow Jones reported."We have agreed with the government that economic growth (will be assumed at) 6% and inflation at 6.
Fri, 07 Nov 2008
Govt. takes more steps for business survival
The government took more steps last week to improve the prospects of businesses under threat from the effects of the global financial crisis, while the capital market improved at the end of the week in line with gains on Wall Street and regional markets.
Fri, 07 Nov 2008
What is destroying our rainforests? Greed, palm oil
Rita Sastrawan, Paris The establishment of oil-palm plantations in Kalimantan and Sumatra poses the greatest threat to orangutans today. In fact, the clearing of forest and the establishment of oil-palm plantations has a negative impact not only on orangutan populations but also on climate, the...
Fri, 07 Nov 2008
Chinese fruit has replaced US, A`lian products in RI market
Jakarta, (ANTARA News) - Fruit imported from China has over the past few years taken over the dominant position of US and Australian fruit in the Indonesian market, a horticulure researcher said.Such fruits as apples, oranges or pears in the Indonesian market in the past always came from the US or...
Fri, 07 Nov 2008
Australian firm wins Indonesia iron mining contract
Australian mining firm Indo Mines Limited has secured Indonesian government approval to mine iron ore deposits in Kulon Progo, Yogyakarta, with a total investment commitment of US$1.7 billion.The company's local subsidiary, PT Jogja Magasa Iron, inked a 30-year work contract with the government...
Fri, 07 Nov 2008
Property sector heads for slowdown
The property business in Jakarta and surrounding areas is heading for a slowdown next year due to increases in interest rates, inflation, prices of materials and rental costs, according to a property consulting company.
Fri, 07 Nov 2008
Indonesia revises tourist targets
Erwida Maulia, The Jakarta Post, JakartaThe global economic slowdown has forced the tourism ministry to revise down its targets for numbers of foreign tourist arrivals for 2008 and 2009 by 9 percent and 20 percent, respectively.
Fri, 07 Nov 2008
Impact of global crisis will be felt as early as end of year: Central Bank
Aditya Suharmoko, The Jakarta Post, Jakarta Having expanded by a fairly healthy 6.4 percent in the third quarter, the economy is facing a slowdown in the last quarter as it begins to feel the impacts of the global crisis, according to the central bank.
Fri, 07 Nov 2008
Kadin wants more funds for real sector
Mustaqim Adamrah, The Jakarta Post, JakartaThe Indonesian Chamber of Commerce and Industry (Kadin) has asked the government to add Rp 10 trillion (US$950 million) to the funds set aside for next year to help cushion the real sector from the impact of the global economic slowdown.
Fri, 07 Nov 2008
Indonesia to blacklist 30 Indian companies
NEW DELHI: In a move that could sully India’s image in the international market, top vegetable oil supplier, Indonesia, has accused 30 Indian companies, including Nafed, of taking it for a ride.What’s worse, some of these defaulters are allegedly using public sector companies MMTC, PEC and STC...
Fri, 07 Nov 2008
Taiwan Financier to Invest Rp200 Billion
Friday, 07 November, 2008 | 08:41 WIBTEMPO Interactive, Jakarta: The chairman of the Ceramic Industry Association Achmad Wijaya said a businessman from Taiwan is interested in the ceramics industry in Indonesia and intends to invest Rp200 billion next year.
Mon, 03 Nov 2008
Harvey Nichols opens amid economy slowdown
I was in Harvy Nics yesterday. Somehow I dont think The people back in the UK would be happy with the store in the UK. For whatever reason the Brand name for Indonesia was given to Mitra Adiperkasa who have failed to deliver a store that lives up to the reputation of the Brand.
Mon, 03 Nov 2008
Harvey Nichols opens amid economy slowdown
The global financial crisis has affected the fashion industry, prompting one of the British high-end fashion retailers Harvey Nichols to set modest targets for its newly opened store in Jakarta.The British luxury fashion retailer opened late October its 12th store in Jakarta amidst a weakening...
Sun, 02 Nov 2008
Government Mulls to Use Biofuel to Generate Energy
The eruption of the Lusi mud volcano in Indonesia was caused by drilling for oil and gas, a meeting of 74 leading geologists has concluded.Lusi erupted in May 2006 and continues to spew out boiling mud, displacing around 30,000 people in East Java.
Sat, 01 Nov 2008
Government Mulls to Use Biofuel to Generate Energy
Friday, 31 October, 2008 | 18:17 WIBTEMPO Interactive, Jakarta: Ministry of Energy and Mineral resources said the government will impose the Domestic Market Obligations on biofuel producers to prevent fuel shortage in local market.
Sat, 01 Nov 2008
President: good public services may boost economic growth
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has said good public services may boost the country`s economic growth.Speaking at a function marking the conferment of prime service awards at the State Palace here late Friday, President Yudhoyono said the economy would grow significantly...
Sat, 01 Nov 2008
Businesses give mixed reaction as provinces raise minimum wages
Tifa Asrianti, The Jakarta Post, Jakarta Several provinces have announced a significant rise in workers’ minimum wage, but the amount of the increase is facing opposition from certain business groups.
Fri, 31 Oct 2008
European investors view on Indonesia investment condition
Jakarta (ANTARA News) - Managing Director of Indonesian Netherlands Association, Elmar Bouma delivered his remarks on the policies application of investment service in Indonesia from European investors` perspectives in a national seminar entitled "Regional Administration Strategies in...
Fri, 31 Oct 2008
Zero percent tax on CPO exports not to raise cooking oil prices
Jakarta (ANTARA news) - The zero percent tax on crude palm oil (CPO) exports will not raise domestic cooking oil prices, an official said."I think it will not (raise cooking oil prices) because our system is like that.
Fri, 31 Oct 2008
Jakarta property feels the pinch from global financial crisis
Utami Prastiana, Consultant It is now almost certain the global economy is mired in a recession due to the devastating impact of the United States financial crisis which has spread to Europe, setting off negative sentiment while unleashing tremendous downward pressures on Asian financial markets.
Fri, 31 Oct 2008
Crisis may delay footwear investment
Investors planning to invest US$200 million to build new footwear factories, or expand existing ones, may put their plans on hold, due to global financial uncertainties.The concern was revealed Wednesday evening during a meeting between ministry officials concerned with the industry, led by...
Fri, 31 Oct 2008
Indonesia: Economically Shaken but Not Stirred - Yet
Wednesday, 29 October 2008The archipelago nation seems to be doing some things rightCould the clouds over China’s Pearl River Delta have a silver lining for Indonesia? It is one of several unknowns facing an Indonesian economy battered, like most others, by the sudden change in global fortunes.
Thu, 30 Oct 2008
PLN operates first power plant fired by crude palm oil
I would sure like to see the long term contract wording regarding the purchase price of the palm oil for that PLN plant. Wonder if the price is set in conjunction with the one on the world market that fluctuates as well as a certain percentage of profit or they set a 2 yr or 3 yr price based on the...