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Fri, 13 May 2011
National investor to build sugar mill in Pandeglang
Pandeglang, Banten (ANTARA News) - National company PT Geulis Tebu Perkasa plans to build a sugar mill and open sugarcane plantations in Pandeglang district, Banten province.The company had already applied for a permit to build a sugar mill and open sugarcane plantations, Head of the Pandeglang...
Wed, 11 May 2011
Taiwan to Explore Investment Opportunity in South Sulawesi
TEMPO Interactive, Makassar:Taiwan, through the Chamber of Trade and Industry, is considering investing in South Sulawesi. “I just found out that South Sulawesi is the biggest seaweed producer in the world.
Wed, 11 May 2011
Overhaul of Mining Law May Deter Investment, S&P Says
From: The Jakarta GlobeBy:Ririn Radiawati Kusuma & Shirley Christie A report by Standard & Poor’s Ratings Services that a regulatory overhaul of Indonesia’s mining industry would hurt companies’ performance received mixed reviews from industry players on Tuesday.
Wed, 11 May 2011
America Asked for Energy Investment Certainty
TEMPO Interactive, Jakarta:The United States has asked the Indonesian government for certainty on time limited contracts, especially for oil and gas development. “We don’t want modifications on contracts once they are agreed on,” Tom Cutler from the United States Department of Energy said...
Wed, 11 May 2011
Indonesia promises incentives for investors in energy sector
Indonesia promises incentives for investors in energy sectorJAKARTA, (Xinhua) Indonesian Energy and Mineral Resources Minister Darwin Zahedy Saleh has promised to consider providing fiscal incentives and more attractive production-sharing arrangements for potential investors in the energy sector, a...
Wed, 11 May 2011
RI-US open energy investment roundtable
Jakarta (ANTARA News) - Indonesian Minister of Energy and Mineral Resources Darwin Zahedy Saleh and US Ambassador Scot Marciel opened the US-Indonesia Energy Investment Roundtable on May 9 in Jakarta.According to a press release from the US Embassy to Indonesia received here, Tuesday, the...
Tue, 10 May 2011
Laos seeking RI investors
Jakarta (ANTARA News) - The Laotian government has asked Indonesia to encourage its national businessmen and state-owned companies to invest in that country.Laotian Prime Minister Thongsing Thammavong made the request in a bilateral meeting with President Susilo Bambang Yudhoyono at the Merdeka...
Tue, 10 May 2011
Over 35% of tourist arrivals from other ASEAN countries
Jakarta (ANTARA News) - Indonesia received 210,372 tourists from other ASEAN member states in March, accounting for 35.17 percent of the overall tourist arrivals in the country in that month."In March 2011, ASEAN tourists, for instance, from Singapore, Malaysia, the Philippines and Thailand...
Mon, 09 May 2011
Palm Oil Companies Hope to Persuade EU to Lower Its Standards for Imports
From: The Jakarta GlobeIndonesian palm oil producers hope the Asean-European Union Business Summit leads to a breakthrough in exports of crude palm oil to Europe, which fell sharply after more stringent environmental regulations were put in place last year.
Mon, 09 May 2011
Australian tourists to Bali up 28.89 pct
Australian tourists to Bali up 28.89 pctDenpasar (ANTARA News) - The 155,093 Australian tourists who visited Bali in the January-March 2011 period, increased by 28.89 pct compared to the 120,328 in last year`s same period.
Mon, 09 May 2011
Boediono Assures Foreign Investors
TEMPO Interactive, Jakarta:Vice President Boediono has assured foreign investors about Indonesia’s economic strength and stability. The government, he said, was carefully implementing its fiscal and monetary policy.
Fri, 06 May 2011
Volkswagen to Build Factory in Indonesia
Volkswagen, Europe’s biggest automaker, plans to build a factory in Indonesia by the end of this year at the latest, Industry Minister M.S. Hidayat said.“I had a talk with them [Volkswagen] about their plan.
Fri, 06 May 2011
OPIC Urges US Investors to Turn Their Focus to Regions
The chief of the Overseas Private Investment Corporation has urged US companies to cast their gaze outside of Java Island to tap the growing potential of Indonesia’s outlying regions.“Be patient, be persistent and aim for long-term partnerships,” OPIC president and chief executive Elizabeth...
Thu, 05 May 2011
Foreign Companies Eye Suburbs
TEMPO Interactive, Jakarta:Foreign companies operating in Indonesia are relocating to the suburbs, say industry experts. According to Tommy H. Bastamy, senior vice president of research and consultancy firm Coldwell Banker Indonesia, companies are starting to build retail and offices space on the...
Thu, 05 May 2011
Foreign Gas Stations Compete to Lure Customers
TEMPO Interactive, Jakarta:The non-subsidy fuel business is attractive to foreign gas stations, especially as the government is encouraging people to switch from using subsidized premium fuel to non-subsidized Pertamax.Last Monday, Pertamina increased the price of Pertamax to Rp 9,050.
Thu, 05 May 2011
Geothermal Power House Contract Reviewed
TEMPO Interactive, Banjarnegara:The contract and profit sharing agreement on Dieng’s geothermal resources will be reviewed, said House of Representatives’ (DPR) Commission VII member, Sugihono Karyosuwondo.
Thu, 05 May 2011
VP Boediono assures investors of RI`s prudent economic policies
Jakarta (ANTARA News) - Vice President Boediono has assured investors that the Indonesian government will continue to manage the country`s economy prudently in both fiscal and monetary terms, his spokesman, Yopie Hidayat, said.
Thu, 05 May 2011
EU will inject €30m to boost RI trade, investment climate
The European Union’s (EU) 27 member states will inject €30 million (US$44.66 million) into Indonesia to strengthen the trade and investment climate, according to the countries’ joint press statement.
Thu, 05 May 2011
Govt Wants US Investment To Double in Short Order
Indonesia expects the United States to more than double investment in Southeast Asia’s largest economy to capitalize on the stable political climate and growing economic clout.“I expect [US investment] to be steady at between $1 billion and $2 billion per year,” Gita Wirjawan, chairman of the...
Thu, 05 May 2011
New Regulation Throws Open Ports to Private Competition
Medan. Saturday will bring an end to state seaport operator Pelabuhan Indonesia’s dominance of the country’s ports as private competitors join the fray.Law No. 17/2008 on port operation, which goes into effect this week, limits seaport operators Pelindo I, II, III and IV from acting as...
Wed, 04 May 2011
President invites US businessmen to invest more in Indonesia
[b]President invites US businessmen to invest more in IndonesiaJakarta (ANTARA News) - President Susilo Bambang Yudhoyono has invited US businessmen to increase their investment in Indonesia. saying that living conditions in the country have improved.
Tue, 03 May 2011
Indonesia to Host Int'l Investment Conference
The conference will be held in Jakarta from May 3 to 5VIVAnews - Indonesian President Susilo Bambang Yudhoyono will open the seventh Overseas Private Investment Corporation (OPIC) international investment conference on May 4 in Jakarta. Also speaking at the opening ceremony will be U.S.
Tue, 03 May 2011
Queensland to Expand Trade with Indonesia
Indonesia is Queensland’s largest non-coal export destinationVIVAnews - Andrew Fraser, Treasurer of Queensland and Minister for State Development and Trade is visiting Indonesia this week to promote deeper trade, showcase Queensland expertise in geothermal energy, mining technology and share...
Tue, 03 May 2011
U.S. hopes to increase investment in Indonesia
JAKARTA, May 3 (Xinhua) - The Overseas Private Investment Corporation (OPIC), an investment vehicle of the U.S. government, was hoping that investment in Indonesia could increase through an international investment conference in Jakarta on May 3-5, an official said here on Tuesday.Dr.
Mon, 02 May 2011
Taxing questions
Taxation revenue comprises only around 13 per cent of Indonesia’s Gross Domestic Product (GDP) and only 14 per cent of Indonesians are registered to pay tax. In comparison, Australian tax revenue runs at 30 per cent of GDP and in Sweden it is 48 per cent; nearly all adults are registered...
Mon, 02 May 2011
Manpower Minister committed to restrict labor outsourcing
Jakarta (ANTARA News) - Manpower and Transmigration Minister Muhaimin Iskandar is committed to tighten and restrict outsourcing or the contract system of Indonesian laborers."Outsourcing will be tightened and restricted and may eventually be revoked," said Muhaimin when accompanying...
Mon, 02 May 2011
RI signs tax information exchange accord with Guernsey
London (ANTARA News) - The Indonesian government signed a tax information exchange agreement (TIEA) with the Guernsey and Jersey governments in Guernsey early this week.Indonesian Ambassador to Britain Yuri Octavian Thamrin on behalf of the Indonesian government signed the accord with Chief...
Mon, 02 May 2011
China to provide US$8 billion for RI infrastructure projects
Jakarta (ANTARA News) - China has pledged US$8 billion in commercial funds for Indonesia to support infrastructure and industrial development in the country.Visiting Chinese Prime Minister Wen Jiabao said at a joint press conference with President Susilo Bambang Yudhoyono here on Friday the funds...
Mon, 02 May 2011
RI, China agree to step up economic cooperation
Jakarta (ANTARA News) - Indonesia and China have agreed to increase the volume of their economic cooperation to up to US$80 billion through a series of programs in various sectors until 2015."Thanks to the two countries` efforts it could be US$80 billion until 2015," visiting Chinese...
Mon, 02 May 2011
RI offers China investment opportunities in six Economic corridors
Jakarta (ANTARA News) - Indonesia has offered China investment opportunities in the development of six economic corridors over the next 15 years."Indonesia will increase and expand its economy in the next 15 years through development of six economic corridors in the country and invites China...
Mon, 02 May 2011
China advised to relocate industries to Indonesia
Jakarta (ANTARA News) - Noted businessman Sukamdani Sahid Gitosardjono has called on the Chinese government to encourage its business players to relocate their industries to Indonesia to tap the latter`s economic potentials for the benefit of both nations and other ASEAN nations.
Mon, 02 May 2011
Indonesia Rides Ratings High, But Reforms Are Still Needed
When Standard & Poor’s upgraded Indonesia’s sovereign credit rating to BB+ in April, it meant all three mainstream ratings agencies had the country at just one notch below investment-grade level.
Mon, 02 May 2011
Boediono Leaves Wen With Wooing Words on Investment
Vice President Boediono has called on Chinese businesses to open factories in Indonesia to benefit from the country’s wealth of natural resources, favorable labor conditions and growing domestic market.
Fri, 29 Apr 2011
RI needs quality growth
Jakarta (ANTARA News) - Indonesia needs quality economic growth capable of benefiting people in the low-income brackets, a banker said.Nearly 87 percent of 40 million self-reliant entrepreneurs in Indonesia`s micro and small businesses still had no access to banking services, Bank Andara chief...
Fri, 29 Apr 2011
RI's geothermal sector still wide open for investment
Jakarta (ANTARA News) - Indonesia has huge potentials for investment in the geothermal energy development sector as until now investment in the sector still totals three percent, an official said."The potentials for investment in the geothermal sector is huge but not all of them have have...
Fri, 29 Apr 2011
Logging, mining cost Indonesia $36 bn: official
JAKARTA - Land clearance by hundreds of mine and plantation companies operating illegally on Indonesia's Borneo island has cost the country $36 billion, an official said Thursday."Encroachment of forest areas for illegal mining and plantation activities including logging in Kalimantan has...
Fri, 29 Apr 2011
Wen’s Deals Expected to Boost Industry, Infrastructure
China Investment Corp. plans to offer $4 billion in loans for Indonesian infrastructure, part of a package of deals Jakarta is hoping for during a visit this week by Chinese Prime Minister Wen Jiabao, officials here said on Thursday.
Fri, 29 Apr 2011
China Must Reduce Palm Oil Import Duties, Gapki Says
China must cut its import duties for palm oil to help boost Indonesian exports that are little changed at 2 million tons this year, an industry association said on Thursday.China is the world’s top palm oil importer, and analysts say consumption in the world’s second-largest economy will rise...
Fri, 29 Apr 2011
Business ‘Vital’ in Climate Change Fight: SBY
Indonesia sits at the epicenter of global climate change and as such is central to the solutions that will determine the future, President Susilo Bambang Yudhoyono said on Thursday.In his keynote address on the opening day of the Business for the Environment (B4E) Global Summit 2011 in Jakarta,...
Thu, 28 Apr 2011
Indonesia Reworks Tariffs to Aid Local Industries
The government has scrapped import duties for some raw materials and machinery, but it also hiked tariffs for imported consumer goods in a bid to boost the competitiveness of local industries against imported goods.
Thu, 28 Apr 2011
China’s Wen Will Spur Investment, Tap Resources
Chinese Premier Wen Jiabao started a four-day tour of Southeast Asia on Wednesday during which agreements to spur investment and tap the region’s natural resources are expected to be sealed.Wen will witness as many as eight deals on the first leg of his trip in Malaysia, spanning the economy,...
Thu, 28 Apr 2011
Indonesia Says CIC to Offer $4b in Infrastructure Loans
China Investment Corp plans to offer $4 billion of loans for Indonesian infrastructure, part of a package of deals Indonesia is hoping for during a visit this week by Chinese Premier Wen Jiabao, Indonesian officials said on Thursday.
Thu, 28 Apr 2011
Businessmen Complain about Licenses
TEMPO Interactive, Jakarta:The Forestry Ministry has received many complaints from forest-related business people about the long time it takes to issue licenses. Forestry Minister, Zulkifli Hasan, said the complaints have come from palm oil and mining business people.
Thu, 28 Apr 2011
Custom Duties for 182 Products Eliminated
TEMPO Interactive, Jakarta:The Finance Minister has issued new regulations on the elimination of 182 tariffs for raw and capital goods “This is part of the downstream industry development program,” said Bambang Brodjonegoro, Fiscal Policy chief at the Finance Ministry, yesterday.
Thu, 28 Apr 2011
Stop exporting raw materials: Vice industry minister
Makassar, S Sulawesi (ANTARA News) - Vice Industry Minister Alex SW Retraubun has renewed his call for a halt to the export of raw materials as one of the breakthroughs to develop economic corridors on the country`s five major islands.
Thu, 28 Apr 2011
RI seeking China`s participation in economic corridor program
"Not only will they be invited to engage in the preparation of raw materials and commodities but also in the processing of materials such as in metal smelting." Jakarta (ANTARA News) - Indonesia will invite China to participate in development of its national economic corridor program when...
Thu, 21 Apr 2011
Foreign Investment Climbs Nearly 12%
From: The Jakarta GlobeBy Francezka Nangoy Amid a bumper day of positive economic news for the country, the Investment Coordinating Board announced that foreign direct investment in Indonesia rose 11.6 percent in the first quarter from a year earlier.
Thu, 21 Apr 2011
World Travel Market to be Held in May
TEMPO Interactive, Yogyakarta:The number of foreign tourists in Yogyakarta still depends on Indonesia’s main tourism destinations, such as Bali. That is the reason the Yogyakarta government has tried to improve their tourism industry through a world travel fair or “Travelmart”, from May 6 to...
Thu, 21 Apr 2011
Traditional Broom Exports to Japan Double
TEMPO Interactive,Slawi:Tegal’s traditional broom exports to Japan have doubled to meet demand from the disaster-stricken country.“We are sending four containers per month to Japan,” Ismi Juliani, broom company CV Kembar Bina Usaha’s Production head, told Tempo yesterday.
Thu, 21 Apr 2011
Kulon Progo Eyes Spanish Investors
TEMPO Interactive, Kulon Progo:The Kulon Progo government is ready to welcome potential Spanish investors, some of whom plan to make a return visit in early July.Kulon Progo regional secretary, Budi Wibowo, said that to accelerate Kulon Porgo economic development, the government will prioritize the...