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Mon, 24 Aug 2009
Govt asked to control coal traders, brokers
Businesses are urging the government to bring all coal traders and brokers under control, after the unbridled fraud in the trading of the commodity claimed several foreign investors recently in Kalimantan and Sumatra.
Mon, 24 Aug 2009
Govt to speed up trade safeguard process
The government is considering pushing forward safeguard measures to protect domestic industries, with tariff barriers no longer effective due to the upcoming implementation of a number of FTAs.Indonesia, under the ASEAN framework, signed an FTA with China that will take effect on Jan. 1, 2010.
Sat, 22 Aug 2009
Costly Local Autonomy Has Few Plusses
The central government has again urged a halt to the carving out of new regions throughout the country, warning that the process significantly weighed on the national budget while doing little to improve social welfare standards.
Sat, 22 Aug 2009
Indonesian Government Reveals $9.36b Infrastructure Plans
With the country’s woefully inadequate roads, railways and ports becoming creakier by the day, the government says it wants to spend Rp 93.9 trillion ($9.36 billion) next year on an array of priority projects to address the yawning infrastructure deficit.
Sat, 22 Aug 2009
Alcohol-soaked Bali is running out of booze!
Indonesia News.NetFriday 21st August, 2009 (ANI)Sydney, Aug 21 : In an unusual instance, a British-owned hotel in Bali has reportedly requested its guests to bring in some extra alcohol.After the re-election of Susilo Bambang Yudhoyono as Indonesian president last month, the nation's liquor...
Sat, 22 Aug 2009
Investor protection key under new bill
A planned amendment to the Capital Market Law aims to provide greater protection to investors by, among other reforms, requiring securities firms to separate out any business other than managing investor's funds and promoting the establishment of an insurance fund to help cover investor's risks.
Sat, 22 Aug 2009
Pelindo I inks $500m port development project
State shipping company PT Pelabuhan Indonesia (Pelindo) I inked a joint commitment with private firms and local governments on Thursday on a port development program estimated to be worth US$500 million in total investment.
Thu, 20 Aug 2009
Business community cautiously welcomes new regional tax law
The business community has welcomed the law on regional taxes and levies, passed on Tuesday, in which the closed-list provisions will help specify and limit regional taxes and improve the business climate.
Thu, 20 Aug 2009
Realigning taxing power
The new law on regional taxes and user fees approved by the parliament Tuesday is much better than its predecessor (Law No. 34/2000) because it stipulates more clear-cut provisions on what types of taxes and user fees regional governments are authorized to impose and on the distribution of tax and...
Thu, 20 Aug 2009
Purbalingga No. 1 pro-investment region
Purbalingga regency in Central Java has been singled out as the most investor-friendly of the 35 regencies and municipalities in the province, an official said Wednesday.Purbalingga administration spokesman Prayitno said the achievement was a great improvement from the regency’s ranking as the...
Thu, 20 Aug 2009
Indonesia Revises Regional Taxation Laws - President
JAKARTA -(Dow Jones)- Indonesia will abolish thousands of taxes and levies under a new regional taxation law passed this week, President Susilo Bambang Yudhoyono said Wednesday in a speech to lawmakers.
Thu, 20 Aug 2009
How the World Bank Let 'Deal Making' Torch the Rainforests
The World Bank ignored its own environmental and social protection standards when it approved nearly $200 million in loan guarantees for palm oil production in Indonesia, a stinging internal audit has found.The report, detailing five years of funding from the International Finance Corp.
Thu, 20 Aug 2009
Consumer Confidence in Southeast Asia Is Increasing
SINGAPORE -- (Marketwire) -- 08/19/09 -- Consumer confidence rose during the second quarter in the four Southeast Asian countries repeatedly measured in the Asian Consumer Confidence Index survey by InsightAsia.
Mon, 17 Aug 2009
Mobindo to produce first locally made chassis
A local joint venture of four car body assembling companies and the Indonesian Car Assembler Producers Association (Askarindo) is set to start producing this November up to 1,000 bus chassis a year.The chassis, to be branded Mobil Indonesia (Indonesian Car), or Mobindo, will be manufactured at PT...
Sun, 16 Aug 2009
Property development: connecting the dots
The main principles of the property business are generally known as location, location, location. However, what makes a location so appealing? It's the infrastructure.Infrastructure is generally known as transportation, such as roads, bridges, seaports and airports, railway networks, and utilities,...
Sun, 16 Aug 2009
ASEAN, China sign investment agreement in Bangkok
Sri Wahyuni, The Jakarta Post, Bangkok The Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China finally signed a comprehensive economic deal on Saturday after seven years of negotiations.China is ASEAN’s eighth largest investor with accumulated investments of US$6.
Sun, 16 Aug 2009
Indonesia Drops to No. 129 On Ease of Business Survey
in terms of starting a business (ie, setting up and company and obtaining business permits), indonesia ranks 171, squeezing out heavyweights including Cameroon, Iraq, Haiti, Eritrea and Chad,
Sat, 15 Aug 2009
The Changing Face of Bali
Balinese Development Expert Outlines How Balinese are Becoming Disenfranchised from the Land that was Once their Birthright.(8/15/2009) An article below was originally published in The Jakarta Post on Tuesday, August 4, 2009.
Sat, 15 Aug 2009
Illegal Villas are Big Business in Bali’s Gianyar Regency
Estimated 75% of Commercial Villas in Bali's Gianyar Regency are Operating Illegally.(8/15/2009) A special committee of the Regional House of Representatives from the regency of Gianyar in Bali has estimated that 60% of that district's potential hotel and restaurant tax income is lost via illegal...
Sat, 15 Aug 2009
Singapore Snag for Asean’s Trade Rule
While the Association of Southeast Asian Nations may be notching up successes in the free-trade arena, with an agreement signed on Thursday with India and one due to be signed with China on Saturday, the trade picture within the bloc itself may not be quite so rosy.
Sat, 15 Aug 2009
Indonesia Drops to No. 129 On Ease of Business Survey
The nation has dropped two places on the World Bank and International Monetary Fund’s Doing Business Survey 2009, which was published on Friday.Indonesia came in at 129 out of 181 countries, just behind Morocco at 128 and far behind Malaysia at 25.
Sat, 15 Aug 2009
Small Businesses Say Jakarta Zoning Enforcement May Push Them Out
In a city known for its chaotic, unplanned growth, an apparently sudden conversion of the Jakarta administration to the merits of urban planning and the enforcement of zoning rules has small businesses in residential areas both up in arms and worried about the future.
Sat, 15 Aug 2009
Morgan Stanley Expecting Rupiah Reversal; Bank Indonesia Disagrees
The central bank and two economists on Friday cast doubt on a report from financial-services firm Morgan Stanley that predicted the rupiah would slump to 11,000 to the dollar by the end of the year.Stewart Newnham, Morgan Stanley’s Hong Kong-based currency strategist, wrote in a research report...
Fri, 14 Aug 2009
RI not an 'export-oriented' country: President
''It is the domestic market, not the export market, that currently offers the most viable opportunities,'' says President Susilo Bambang Yudhoyono in his state of the nation address Friday."The economic growth (principle) we uphold is that of growth and equality to bring justice along with...
Fri, 14 Aug 2009
Bridge over the Sunda Strait will Stimulate Economy Growth in Banten and Lampung
The Banten Provincial Government is optimistic that the bridge over Sunda Strait will raise economic growth by between 2 and 8 percent.The Banten Governor, Ratu Atut Chosiyah, said that the bridge would have an important role in improving economic growth in Banten and Lampung.
Fri, 14 Aug 2009
President : RI should strengthen domestic economy, market
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono stressed here Friday that Indonesia should strengthen its domestic economy and domestic market."In the future we have to strengthen the domestic economy, the domestic market and we should never become dependent on potential exports as...
Fri, 14 Aug 2009
Most SEZ workers live in slums
Over 90 percent of the 350,000 workers employed in Batam, Bintan and Karimun Special Economic Zones (SEZ) in the Riau Islands province have no access to adequate housing and live in slum areas.Head of the provincial manpower agency Azman Taufik said most workers could not afford to rent apartments,...
Fri, 14 Aug 2009
Smuggled electronics continue to control RI market
Mustaqim Adamrah, The Jakarta Post, JakartaSmuggled electronics have continually increased their grip on the domestic market in the last five years and may continue to beat local manufacturers due to “minimum effort in law enforcement”.
Fri, 14 Aug 2009
Regulation extension sought to curb smuggling
for the uninitiated, KADIN and the Dept of Trade are using SNI ("Indonesian National Standards") as a protectionist measure.
Fri, 14 Aug 2009
Regulation extension sought to curb smuggling
Mustaqim Adamrah, The Jakarta Post, Jakarta The Indonesian Chamber of Commerce and Industry (Kadin) is calling on the government to extend a regulation on the terms and conditions of particular imported products and impose the mandatory implementation of Indonesian National Standards (SNI) on them...
Fri, 14 Aug 2009
U.S. grant backs Indonesia ethanol production study
The U.S. Trade and Development Agency awarded a $320,924 grant to PT Medco Downstream Indonesia on Wednesday to fund a feasibility study for a sweet sorghum-based ethanol production facility in Papua Province.
Thu, 13 Aug 2009
New system to smooth flow of goods: Customs
The customs and excise office has prepared a new system to ensure a smoother flow of goods as part of its aim to cut high-cost economy as often complained by businesses.The system, named the Customs Advance Trade System (CATS), is an integrated national logistics system, which jobs is to expand...
Wed, 12 Aug 2009
Nalco smelter construction may face delay
India’s state-run National aluminium Company (Nalco) may postpone the construction of an aluminium smelter in Indonesia due to problems in securing coal supplies for power generation, an official said Tuesday.
Wed, 12 Aug 2009
Barriers to renewable energy development
Energy Law has been promulgated and has set the direction of our future energy policies. The government is committed to increasing our primary energy portfolio from the current 4.5 percent of energy used from renewable resources and low carbon sources, to over 17 percent by 2025.
Wed, 12 Aug 2009
Carrefour Says French Embassy to Help Resolve Dispute Over Closed Market
The French Embassy has been enlisted to help PT Carrefour Indonesia resolve disputes that have led to the closure of one of its Jakarta stores and a threat to close a Palembang outlet, a company lawyer said on Tuesday.
Wed, 12 Aug 2009
Hess Indonesia Says It May Have Struck Huge Gas Reserve
PT Hess Indonesia said it believed it has found a huge gas reserve in the Semai V field in the Arafuru sea off Papua.The Semai V field may hold gas reserve as big as that of Tangguh, Hess operation superintendent Joseph Witjaksono said.
Wed, 12 Aug 2009
Apindo: Terrorists` arrests make investors feel safer
Palangkaraya, C Kalimantan (ANTARA News) - The chairman of the Association of Indonesian Businessmen (Apindo), Sofyan Wanandi, said the recent arrests of terrorists had given the investors` community a greater sense of security.
Wed, 12 Aug 2009
CPO Exports From Indonesia Could Grow 10% Under Indian Trade Deal
The volume of crude palm oil exports to India is expected to rise by 10 percent next year, thanks to the Asean-India Free Trade Agreement, according to a commerce promotion body.Under the deal, which is due to be signed at this week’s Asean Economic Ministerial Meeting in Bangkok, India is...
Tue, 11 Aug 2009
Retailers expect a good H2
As the economy improves, modern retailers expect their sales to grow by 15 percent in the second half-year from a year earlier, compared to the 10 percent growth they witnessed between the first six months of 2008 and 2009.Between January and June 2009, modern retailers booked Rp 30.
Tue, 11 Aug 2009
Indonesia's Texas? Rural Java braces for oil boom
I reckon Texans and Indonesians do have a few things in common though.
Tue, 11 Aug 2009
Statistics: Economic Growth Hits 4 Percent
TEMPO Interactive, Jakarta: National economic growth in the second quarter this year hit the highly expected four percent the statistics agency claimed on Monday. The agency said the economy rose by 4 percent year on year and about 2.3 percent from the previous quarter.
Tue, 11 Aug 2009
Indonesia's Texas? Rural Java braces for oil boom
i could speculate that there may be a few too many newbie american sub-editors at the Globe. i shall stand corrected.
Tue, 11 Aug 2009
Indonesia's Q2 Domestic Growth Slows To 4%, but Still Leads Region
The domestic economy grew at a slower pace in the second quarter of this year, in line with expectations and largely due to falling exports and declining private consumption, although by global standards the country remained among the world’s best-performing economies.
Tue, 11 Aug 2009
Indonesian Economy Shows Fastest Growth in Southeast Asia
Official statistics showed on Monday that Indonesia still had the fastest-growing economy in Southeast Asia, with improving prices for the country’s key export commodities and a robust domestic market credited for the good result.
Mon, 10 Aug 2009
Indonesia's Texas? Rural Java braces for oil boom
Sorry, but what a lousy way to frame Cepu. Indonesia's Texas? That's just daft in so many ways.
Mon, 10 Aug 2009
Indonesia's Texas? Rural Java braces for oil boom
BOJONEGORO, Indonesia (Reuters) - Few things seem to happen at speed in this sleepy Java town where rickshaws ply the streets. But this rural area of rice fields and teak forests is set to be transformed by Indonesia's biggest oil find in years.
Mon, 10 Aug 2009
ANZ targets big growth in Indonesia
Australia and New Zealand Bank (ANZ)expects the bulk of its business here to come from institutional, retail and wealth banking, following its acquisition of Royal Bank of Scotland's (RBS) local assets.
Sat, 08 Aug 2009
Jakarta plans palm oil exchange
Indonesia is launching a commodities exchange to trade crude palm oil and other raw materials, in a fresh sign of Asian emerging countries following the path of independent projects in Singapore and Hong Kong.
Sat, 08 Aug 2009
Demand for condominiums and office space to rise
Hendra Hartono, Consultant The domestic property market has slowed down amid the global financial slump, with industry players erring on the side of caution as they anticipate the prevailing situation will last a while longer.
Sat, 08 Aug 2009
Trade Ministry to spread ‘virus K’
Jakarta has a new virus fully supported by the government.“We call it virus K or the creative virus. We hope this virus will infect people in Indonesia to be more creative in order to develop creative industry in the country,” Trade Minister Mari Elka Pangestu told journalists during a press...