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Sat, 08 Aug 2009
RI, India committed to leveraging two-way direct investment, trade
The governments of Indonesia and India have pledged to increase foreign direct investment in each other's countries and bilateral trade to boost both economies.Indian Trade and Industry Minister Jyotiraditya Madhavrao Scindia said Friday the two governments had identified particular industries that...
Sat, 08 Aug 2009
BHP divesting Indonesian assets
Alfian, The Jakarta Post, Jakarta BHP Billiton, the world’s largest mining company, has officially told the government it would divest all of its assets in Indonesia, Energy and Mineral Resources Minister Purnomo Yusgiantoro said Thursday.
Sat, 08 Aug 2009
India will strengthen presence in Indonesia
Indonesia may see more trades and investments from India, one of Asia’s emerging giants, in particular in sectors such as textile and electricity, says the Confederation of Indian Industry (CII) business group.“People are coming … for example, Lakshmi Machine Works [Limited].
Sat, 08 Aug 2009
India Trade Exhibition Opens in Jakarta
TEMPO Interactive, Jakarta: An industry confederation in India began on Friday a trade exhibition in Jakarta joined by 40 indian companies from industries including mining, technology, steel, handicraft, jewelry, financial, information technology, and communication.
Sat, 08 Aug 2009
India Initiates Talk For Electricity and More Textile Investment
TEMPO Interactive, Jakarta: Industry Department held a meeting with a business delegate from India on Thursday prior to the opening of India trade exhibition on Friday to discuss the posibility of investment in power plants and textile machinary.
Thu, 06 Aug 2009
EU grants boosts Indonesia's oil palm exports
The Jakarta Post, OpinionThe Jakarta Post carried an opinion feature by Oxley on Aug. 3 entitled "A new protectionist threat: Anti-growth environmentalism". I wish to take this opportunity to respond.
Thu, 06 Aug 2009
Govt to revise regulations hampering infrastructure development
Jakarta (ANTARA News) - The government is ready to revise a number of regulations considered to have hampered acceleration of infrastructure development in the country."We are going to revise and develop some regulations for the acceleration of infrastructure development," State Minister...
Thu, 06 Aug 2009
Indonesia Inco says nickel mine normal, despite protest
SOROWAKO, Indonesia, Aug 6 (Reuters) - PT International Nickel Indonesia (INCO.JK) said its nickel mine on Indonesia's Sulawesi island was operating normally on Thursday despite road blocks by about 500 villagers protesting over job cuts.
Thu, 06 Aug 2009
Indonesia's Appetite for Credit Cards Still Strong
Credit card use by the nation’s consumers has been little affected by the global financial crisis, with outstanding loans and transaction values showing continued growth, according to the latest data from the Indonesian Credit Card Association.
Wed, 05 Aug 2009
Moratorium on Regional Autonomy
TEMPO Interactive, Jakarta: Government has stopped regional autonomy for the rest of this year until 2010 as most regions with regional autonomy have displayed bad performances.Deputy for Regional Development and Autonomy of National Development Planning Board (Bappenas), Max H.
Wed, 05 Aug 2009
Customs office revokes 5,000 importers' licenses
lucky i have a massive king size jar under lock and key at che chewton
Wed, 05 Aug 2009
Customs office revokes 5,000 importers' licenses
The Directorate General of Customs and Excise has revoked the licenses of 5,086 importers for violating customs regulations as of Aug. 3, an official said Tuesday.“The majority of the importers have not been actually importing goods for the last 12 months, while the rest have violated other...
Wed, 05 Aug 2009
Customs office to strictly select exporters
The Directorate General of Customs and Excise will start tightening the registration of exporters in the country in 2010.“The stricter registration is important to boost income and to implement the World Exporters Organization regulations which Indonesia, as a member, has to uphold,”...
Tue, 04 Aug 2009
Peugeot plans to resume production in Indonesia
Quoting: Derek GratisThey're gonna need that new plant to keep up with demand from Chewwy's missus. Goes through Peugeots like whisky colas she does... Never a truer word,... said in jest
Tue, 04 Aug 2009
Peugeot plans to resume production in Indonesia
At least the parts will be cheaper!
Tue, 04 Aug 2009
Peugeot plans to resume production in Indonesia
They're gonna need that new plant to keep up with demand from Chewwy's missus. Goes through Peugeots like whisky colas she does...
Tue, 04 Aug 2009
China automaker to set up assembly plant
China-based automotive manufacturer Beiqi Foton Motor plans to set up an assembly plant in Indonesia to support its aim to enter the Asia Pacific market, Xinhua reported on Tuesday.Dong Haiyang, vice president of Beiqi Foton Motor Co. and general manager of Foton International Trade Co. Ltd.
Tue, 04 Aug 2009
Peugeot plans to resume production in Indonesia
French automaker Peugeot is considering resuming car production in Indonesia, Peugeot's Indonesian partner said on Thursday."We plan to set up an assembling plant in Indonesia. The plant would commence operation no later than 2012," Constantinus Herlijoso, president director of Astra...
Tue, 04 Aug 2009
Trans Java an economic necessity
Some time ago policy makers in this country identified the need to develop a framework for the Trans Java Highway Network: a high standard toll-way connecting cities along the North Coast corridors of Java Island.
Tue, 04 Aug 2009
Indonesians optimistic on economy, U.S. gloomy: survey
SINGAPORE (Reuters Life!) - Indonesians are the most optimistic that their economy will get better, while the French, British and Americans are the most pessimistic, a survey by market research firm Synovate showed on Monday.
Mon, 03 Aug 2009
Indocement to invest US$80 mln in expansion
Jakarta (ANTARA News/Asia Pulse) - Indonesia's second-largest cement maker PT Indocement Tunggal Prakarsa (JSX:INTP) will invest US$80 million this year.Part of the funds will be used to build a cement mill now under construction in Cirebon, West Java, with a capacity of 1.5 million tons a year.
Mon, 03 Aug 2009
Indonesia Export Falls 28 Percent
TEMPO Interactive, Jakarta: Indonesia exports sank US$20.38 billion in the first semester this year from a year earlier led by slowing demand in foreign market, the statistics agency reported on Monday.Oil and gas exports saw the largest drop of 55.42 percent to US$16.
Mon, 03 Aug 2009
A P Solvex plans to set up oil extraction plant in Indonesia
Press Trust of India / Chandigarh Having positioned itself as a leading rice bran oil brand in the country, A P Solvex Limited now plans to venture into overseas market by setting up its first oil extraction and refining plant in Indonesia with an estimated investment of Rs 30 crore.
Mon, 03 Aug 2009
Indonesia expects faster growth next year
Susilo Bambang Yudhoyono, Indonesia’s president, on Monday forecast faster growth net year and a narrowing of the country’s fiscal deficit, alongside a likely increase in inflation.In his 2010 budget announcement, Mr Yudhoyono said Indonesia was targeting growth of 5 per cent in 2010.
Sat, 01 Aug 2009
Transactions at local banks reach $1.8b
Following a requirement to use domestic banks for their banking transactions, oil and gas contractors have so far made US$1.8 billion worth of transaction commitments through local banks, or 64.29 percent of the companies’ total expenses in the first half of the year.
Sat, 01 Aug 2009
Oil Firms' Spending in Indonesia Set to Reach $15B in 2009
Spending by 60 oil and gas contractors already producing in Indonesia is estimated to reach US $15 billion this year, an official predicted.Around 65 percent or US $9.75 billion will be spent on goods and services, Hardiono, a deputy at the upstream oil and gas regulator BP Migas said.
Sat, 01 Aug 2009
Indonesia Must Prepare for Free Trade: Commerce Chamber
Notwithstanding regular complaints from local firms about disguised protectionism overseas, the country’s most influential business association appears to want the government to resort to similar tactics to stem a predicted flood of Chinese imports riding on the back of the Asean-China Free Trade...
Sat, 01 Aug 2009
Indonesian Rupiah Surges for Fifth Straight Month on Investor Optimism
The rupiah completed a fifth month of gains, its longest winning streak in three years, as overseas investors added to holdings of the nation’s stocks due to the outlook for economic growth.The rupiah is Asia’s top-performing currency so far this year, with a 9.
Fri, 31 Jul 2009
Property demand in H2 to remain weak
Demand for apartments and condominiums in the second semester in Jakarta are likely to remain weak despite an improvement in the economy, global property consultant Jones Lang LaSalle said."Continuing negative sentiment among foreign investors impeded demand for apartments, while the...
Fri, 31 Jul 2009
RI consumer confidence improving
Consumer confidence in Indonesia continued to be strong in the second quarter, growing by 8.5 percent from the previous three-month period, a survey reveals.The consumer confidence index in Indonesia reached 112.1 points in the second quarter, 8.
Fri, 31 Jul 2009
Shipping Route between Lombok and Surabaya should be Opened Soon Say Entrepreneurs
TEMPO Interactive, Mataram: Entrepreneurs have asked the provincial government of West Nusa Tenggara (NTB) to open shipping route between Lombok and Surabaya.A journey by the current route of Sumbawa-Lombok-East Java through Bali takes between 14 to 24 hours.
Fri, 31 Jul 2009
Antimonopoly Group Ponders Move To Look Into Escalating Sugar Prices
With sugar prices skyrocketing over the past few months, the country’s antimonopoly watchdog said it was on the cusp of launching a formal investigation.“As part of the effort to prevent monopolies and protect the public from the consequences of unfair business practices, the Business...
Fri, 31 Jul 2009
Soybean Board Pushes for 20% Tariff On Imports, but Processors Urge Caution
The Indonesian Soybean Board is calling on the government to slap a 20 percent duty on soybean imports to protect domestic soy, which is usually more expensive than its imported counterpart.The board, known as DKI, said the tariff would encourage farmers to grow more soybeans and ultimately reduce...
Fri, 31 Jul 2009
Minister alerts building contractors about foreign companies` arrival
Padang (ANTARA News) - Public works minister Djoko Kirmanto called on building contractors here on Thursday to improve their performance so that their market share would not be taken over by foreign companies.
Thu, 30 Jul 2009
Siemens Indonesia spends 8.7m euro on expansion
JAKARTA: PT Siemens Indonesia is investing 8.7 million euro this year to expand of its power-generation factory in Cilegon, Banten.The expansion includes the installation of new machines and equipment to accommodate international orders awarded by parent company Siemens AG.
Thu, 30 Jul 2009
Geothermal projects `less attractive' for investors
Poor resource data, opaque tender processes and inadequate provisions in Power Purchase Agreements (PPA), have made investors shy away from developing geothermal power plants in Indonesia, an investment officer at the International Finance Corporation (IFC) said on Wednesday.
Thu, 30 Jul 2009
Indonesia Not Ready for ASEAN-China Free Trade
TEMPO Interactive, Jakarta: Indonesia is considered to be not ready to face the effects of excise fee removal as part of the ASEAN and China free trade agreement in 2010.Deputy of the Indonesian Chamber of Commerce and Industry (Kadin) for Domestic Trade, Benny Sutrisno, said that during the last...
Thu, 30 Jul 2009
Malaysian Agriculture Minister to Prioritize Products from South Sulawesi
TEMPO Interactive, Jakarta: The Malaysian Agriculture and Agricultural Industry Minister, Dato' Noh Bin Haji Omar, is visiting South Sulawesi today (30/7) and meeting the governor Syahrul Yasin Limpo.The visit is to follow up the earlier visit of Malaysian Prime Minister, Najib Tun Rajak who said...
Thu, 30 Jul 2009
Seven ASEAN Nations to Join Batam Expo
TEMPO Interactive, Batam: The Batam Chamber of Commerce and Industry (Kadin) is holding the 2009 Batam Expo that will be attended by 7 of the 10 member countries in the Association of Southeast Asian Nations (ASEAN).
Thu, 30 Jul 2009
Exxon oil find shows Indonesia investment hurdles
GAYAM, Indonesia (Reuters) - Exxon Mobil Corp's (XOM.N) Cepu find in this poor rice-growing area of Java was meant to revive Indonesia's flagging oil output, but nearly a decade later there has been barely a trickle of oil from the huge field.
Thu, 30 Jul 2009
Jakarta Property Market Still Down, But Recovery Is Near: Consulting Firm
The local arm of the Chicago-based property consulting firm Jones Lang LaSalle said Jakarta’s residential market has yet to recover from the global economic downturn, with figures for property sales and leases down dramatically compared to last year.
Wed, 29 Jul 2009
Demand for Office Space In Jakarta Rises in Q2
Jakarta-based property consultancy PT Procon Indah said the office rental property market showed signs of improvement in the second quarter, while the retail property market, which usually spearheads recovery in the property sector after a downturn, was suffering from oversupply.
Wed, 29 Jul 2009
SME Confidence Survey Shows Uptick In Sentiment, Investment and Hiring
The nation’s small and medium-sized enterprises are increasingly optimistic that their businesses will improve in the second half of the year and are planning to make more investments and hire more workers, according to a survey released on Tuesday.
Wed, 29 Jul 2009
Incoming Indonesian Tax Chief Promises to Chase Down Cheaters
Mochamad Tjiptardjo, the country’s new top taxation official, pledged at his swearing-in ceremony on Tuesday to do his best to hit tax-revenue targets this year and continue the government’s efforts to chase down tax evaders, especially big corporations.
Wed, 29 Jul 2009
Pertagas to build $27 million LPG plant in Bekasi
PT Pertamina Gas (Pertagas), a subsidiary of state oil and gas company PT Pertamina, has allocated about US$27 million to build a liquefied petroleum gas (LPG) plant in Bekasi, west of Jakarta.The company is tendering the project, the company's president director Suharyanto told reporters Tuesday.
Wed, 29 Jul 2009
Batam to hold small and medium enterprises expo
The Indonesian Chamber of Commerce (Kadin) will stage an expo on small and medium enterprises from eight Southeast Asian (ASEAN) countries in Batam from July 30 to Aug. 2.Head of the Batam branch of Kadin, Nada Faza Soraya, said Tuesday that business players from the ASEAN countries - Indonesia,...
Wed, 29 Jul 2009
Industry Department Says Sanyo to Improve Capacity In Indonesia
TEMPO Interactive, Jakarta: Sanyo Electric Co Ltd Global the Japanese electronic appliances maker reprtedly to move some of its capacity from its facility in China to Indonesia, the Industry Department said on Tuesday.
Wed, 29 Jul 2009
Research in Motion Could Face Sanctions From Indonesia Trade Department
TEMPO Interactive, Jakarta: Trade Department said Canadian Research in Motion, the producer of the latest communication gadget, Blacberry will face sanctions if the company failed to comply with local regulation on after sales service.
Tue, 28 Jul 2009
Investors in Jababeka opt to stay despite recent bomb blasts
Foreign and local investors at the Jababeka industrial complex in Cikarang, just outside Jakarta, opted to remain in Indonesia despite the recent bomb blasts in Jakarta that killed nine people and injured more than 50."There is no investor exodus from Jababeka.