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Tue, 28 Jul 2009
Tjiptardjo picked to continue tax office reform
Rendi A. Witular and Aditya Suharmoko, The Jakarta Post, Jakarta President Susilo Bambang Yudhoyono has appointed Mochamad Tjiptardjo, the director of investigation and intelligence at the directorate general of taxation, as the new tax chief.
Tue, 28 Jul 2009
Jakarta govt to raid illegal electronics
Jakarta (ANTARA News) - The Jakarta administration will conduct a raid on illegal electronics sold at electronic shops and outlets in the capital, an official said.The raid was aimed at protecting domestic electronics producers and importers that pay taxes, head of the Jakarta cooperatives, micro...
Tue, 28 Jul 2009
Minister: "I Love Indonesia" campaign not protectionism
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said the "I Love Indonesia" campaign launched by the government was not a form of protectionism but a means to promote domestic consumption."This campaign is not a protectionist ploy at all .
Tue, 28 Jul 2009
RI`s export performance improving
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said that Indonesia`s export performance was improving following the increase in commodity prices and in demand for Indonesian commodities overseas."It can be better than the previous prediction.
Tue, 28 Jul 2009
Indonesia Sees Significant Rise in ’09 Export Outlook
Rising demand and prices for primary commodities have led the Ministry of Trade to raise its 2009 export projections from a 30 percent contraction to a 15 percent year-on-year decline.Trade Minister Mari Pangestu on Monday said that the recent rise in commodity prices and the impact of economic...
Tue, 28 Jul 2009
HSBC commits to support Indonesia's SMBs
JAKARTA, July 28 (Xinhua) -- The Hong Kong and Shanghai Banking Corp. Ltd. (HSBC), the world's third-largest bank, is committed to support small and medium business (SMBs) in Indonesia, providing credit to the sector more than requirement of the Bank Indonesia (BI), the central bank, an official...
Sat, 25 Jul 2009
EU offers incentives to eco-friendly palm oil producers
The European Union has pledged to offer incentives to Indonesia’s palm oil producers that promote an eco-friendly management to slash emissions.EU Ambassador and Head of Delegation to Indonesia and Brunei Darussalam Julian Wilson said Friday the emission cut target requirement would not hurt...
Fri, 24 Jul 2009
Government Hikes Tariff for Export Document
TEMPO Interactive, Jakarta: Trade ministry hiked tariff for export document by 400 percent which effectively starts on August 1.In a release by the Trade Ministry on Friday, Minister Mari Elka Pangestu said “the previous tarrif for every issuance of certificate of origins for export commodities...
Fri, 24 Jul 2009
Indonesia to open 400,000 ha of new oil palm plantations this year
Jakarta (ANTARA News/Asia Pulse) - Indonesia, one the world's largest palm oil producers, plans to expand its oil palm plantations by 400,000 hectares this year from 7.1 million hectares it has now.The expansion, twice as large as earlier projected by the association of palm oil companies (Gapki),...
Fri, 24 Jul 2009
Indian Car Firm Tata May Invest In Local Production
Some of India’s biggest automotive manufacturers on Thursday expressed interest in possibly investing in Indonesian factories, underscoring the attractiveness of the market ahead of the opening of the country’s annual auto show, a senior Industry Ministry official said.
Fri, 24 Jul 2009
RI-Thai trade ties increasing: official
Jakarta (ANTARA News) - Trade relations between Indonesia and Thailand have shown an upward trend in recent years, a Thai official said.Two-way trade reached US$11.734 million in 2008, an increase of 33 percent from a year earlier, Thai Minister Counsellor Officer of Commercial Affairs Supawadee...
Thu, 23 Jul 2009
Bombings, business and the future of Indonesia
I think this time, it's gonna take much a long time for Jkt, Indonesia to recover from this. I mean, the image in foreigners' eyes.I hope no more terrors happen
Thu, 23 Jul 2009
Govt. hopes to produce cheap cars in 2012
The government will launch a program to produce low-cost cars in the next two years, the Industry Ministry said, Asia Pulse reported.The national cars will come in two levels - one with prices from Rp60 million ($6,000) to Rp70 million and another at Rp40 million to Rp50 million, said Director...
Thu, 23 Jul 2009
US explores Indonesia train revitalization project
The US government is exploring chances to assist in the revitalization of Indonesia's trains with a $20 billion 10-year loan to run from 2010 to 2020, an official was quoted as saying on Tuesday, Xinhua reported.
Thu, 23 Jul 2009
Direct investment forecast to grow 7.1% in 2010
The government predicted the country's direct investments would grow 7.1% next year, lower than this year's prediction of 7.4% and 11.8% in 2008, Asia Pulse reported on Friday.The value of direct investment should be able to expand by at least 10% but it would be difficult with the global economic...
Thu, 23 Jul 2009
Bombings have little impact on economy: Analysts
The latest bombings at the Ritz Carlton and JW Marriott hotels in Jakarta that killed at least nine people will have little impact on the country's economic recovery, analysts said on Friday, Channel News Asia reported.
Thu, 23 Jul 2009
Attacks rattle expats, foreign firms heighten security
Most foreign businesses in Jakarta will step up security measures following Friday's twin blasts, but few will consider quitting Indonesia's growing economy, business chiefs say, The Age reported."This country is powering ahead.
Wed, 22 Jul 2009
UNWTO official: Indonesia records amazing tourism growth
Indonesia became the only country in the world that recorded growth in tourism industry during the first five months of this year, the deputy secretary general of the United Nations for the World Tourism Organizations (UNWTO) Xu Jing told reporters here on Wednesday.
Wed, 22 Jul 2009
Indonesia and Canada Discuss Investment Agreement
TEMPO Interactive, Jakarta: The governments of Indonesia and Canada are discussing an investment agreement during the summit of the Asia Pacific Economic Cooperation (APEC) in Singapore, July 21-22.Indonesian trade minister, Mari Elka Pangestu, said the discussions include investment protection,...
Wed, 22 Jul 2009
Ministry Says Plantation Overhaul Scheme a Failure
A government lending program designed to help rejuvenate the country’s plantations has so far fallen flat, an Agriculture Ministry official acknowledged on Tuesday, with critics blaming a complicated regulatory structure and high interest rates for the flop.Of the Rp 37.4 trillion ($3.
Wed, 22 Jul 2009
Indonesia's Bakrie sees 2010 palm output up 17 pct
JAKARTA, July 21 (Reuters) - Indonesia's PT Bakrie Sumatra Planations said on Tuesday it expects its palm oil output to rise 17 percent to 420,000 tonnes in 2010, boosted by increased output from maturing plantations.
Wed, 22 Jul 2009
nvestment in manufacturing sector unaffected by bombings
Investment in the manufacturing sector will remain unaffected by the two hotel bombings last week, Industry Minister Fahmi Idris said Tuesday."The bombings have had no impact [on investment in the manufacturing sector]," he said at the ministry office in Jakarta.
Wed, 22 Jul 2009
City, Pelindo team up to develop Tanjung Priok port
The Jakarta administration and state-owned port operator PT Pelindo II will work together to turn the congested Tanjung Priok Port in North Jakarta into an international hub, say officials.Governor Fauzi Bowo said Tuesday the development was aimed at accelerating business at the country’s biggest...
Wed, 22 Jul 2009
Chinese car makers eye RI
Two Chinese car maker giants are considering investing in Indonesia given the Southeast Asian country’s promising market."There are one or two investors from China [interested in investing in Indonesia]," industry ministry director general for transportation and telecommunications and...
Tue, 21 Jul 2009
‘Attacks Will Not Slow Growth, Shake Stability’
The first major terrorist attack in Indonesia in nearly four years will not hurt economic growth or the country’s hard-won economic stability, Minister of Trade Mari Pangestu said on Monday.“Based on past experiences, post-bombing the impact is usually on tourism and travel,” Mari said during...
Sun, 19 Jul 2009
Bombings, business and the future of Indonesia
Ironic, they don't even hurt any american... can not stop thinking about those jihad idiot sacrifice their life for a war? what war, they only bring chaos to poor jakarta and terror in Inndonesia..Noordin top he's fucken malay, isn't he. Bastard.And why everybody think SBY is talking shit?
Sun, 19 Jul 2009
Bombings, business and the future of Indonesia
Reporting from Jakarta, IndonesiaFor years, James Castle has been Mr. Indonesia, a well-known Western face here promoting the world's most populous Muslim nation as a sensible international investment destination.
Sun, 19 Jul 2009
Market confidence shaken, not shattered
Indonesia’s healthy economic growth and market resilience will sustain the damaging impact of blasts that ripped through the JW Marriott and the Ritz-Carlton hotels on Friday, analysts said.Analyst for Citigroup Global Markets said the market impact would be short-lived in line with the still...
Sun, 19 Jul 2009
Bomb blasts won`t affect taiwanese investment in Indonesia
Jakarta, (ANTARA News) - The two low-level bomb blasts which slightly damaged two hotels in Jakarta and killed nine people will mot affect Taiwanese investment in Indonesia, a Taiwanese official here said.
Sun, 19 Jul 2009
Bali Seeking Special Autonomy Status?
Bali's Desire to Obtain Special Administrative Status Gets Support from Indonesian House of Representatives.(7/18/2009) The Indonesian House of Representative (DPR) has joined the island's governor, Made Mangku Pastika, in calling for the province of Bali to be declared a special autonomous region...
Sun, 19 Jul 2009
Investment in Batam FTZ not affected by bombings
Suicide bombings at two South Jakarta hotels on Friday will not affect investment in the Batam, Bintan and Karimun free trade zones, an official has said.Riau Islands Governor Ismeth Abdullah said Saturday the free trade zones were far away from Jakarta.
Sat, 18 Jul 2009
Indonesia’s Economy May Be Unharmed by Bombings, Citigroup Says
July 18 (Bloomberg) -- Indonesia’s economy is resilient enough to withstand yesterday’s bomb attacks on the Ritz Carlton and JW Marriott hotels in Jakarta, economists said.“Terrorist threats in Indonesia are nothing new,” said Johanna Chua, head of Asian economic research at Citigroup Inc.
Sat, 18 Jul 2009
Government to maintain liquor import monopoly
The state enterprises ministry has rejected a proposal by the Customs and Excise Office that the government allow more companies to import alcoholic drinks, to prevent smuggling of liquor.State-owned PT Sarinah remains Indonesia’s sole importer of alcoholic beverages.
Sat, 18 Jul 2009
Tourism Industry Expresses Fear Over Impacts of Jakarta Bombing
TEMPO Interactive, Jakarta: Hotel Association in Yogyakarta one of the main tourist attraction in Java predicted that hotel occupancy rate in Yogyakarta to slip by 5-10 percent after the bombings in Jakarta which killed nine people an injured around 60 others.
Sat, 18 Jul 2009
Promotion of Local Product Has Not Increased Consumption Level
TEMPO Interactive, Jakarta: The government program to support products produced by local industry is considered ineffective as it does not encourage local consumption.The Indonesian Machine and Tool Industry Association (ASIMPI) chairman, Dasep Ahmadi, said that the implementation of the program...
Sat, 18 Jul 2009
What will be the impact of Indonesia's hotel bomb attacks
Quoting: kaziIndonesia: The President is a target of terror attacks Indonesian President is target of attacks i'm a little suspicious about the information given to SBY concerning the assassination plot against him. seems just a little too convenient.
Sat, 18 Jul 2009
What will be the impact of Indonesia's hotel bomb attacks
Indonesia: The President is a target of terror attacks Indonesian President is target of attacks
Fri, 17 Jul 2009
What will be the impact of Indonesia's hotel bomb attacks
JAKARTA, July 17 (Reuters) - Bomb blasts ripped through the JW Marriott and Ritz-Carlton hotels in Jakarta's business district on Friday, killing nine people and wounding dozens in attacks that could dent investor confidence in Indonesia.
Fri, 17 Jul 2009
Motorcycle Sales to June Skid by 16%; Yamaha Edges Honda for Market Lead
With cities and villages around the country clogged by devil-may-care bikers, it may come as a surprise that motorcycle sales tumbled by about 16 percent in the first half in 2009. The decline, however, represents improved performance compared with sales of cars and commercial vehicles, which...
Thu, 16 Jul 2009
Tax office to create program to reduce tax evasion
i doubt it's just one person. this has been an on-going process for some years now, starting with Finance Ministry, then with direct KPK involvement in designing systems that reduced the opportunities for corruption.
Thu, 16 Jul 2009
Tax office to create program to reduce tax evasion
things have certainly changed over the past 3 or so years. remains to be seen if they can sustain it, especially while other govt depts continue to wallow in the shit of corruption. Immigration Office is getting worse, Manpower is getting worse, police have barely advanced at all since 2003, law...
Thu, 16 Jul 2009
Tax office to create program to reduce tax evasion
I will say I have been impressed with my dealings with the tax office. Of all the government departments they seem to be making the most effort to clean themselves up. The changes seem to be affecting SME business and individuals, and I am sure over time the big companies and high wealth...
Thu, 16 Jul 2009
More firms to import alcoholic drinks sought
The Customs and Excise Office has urged the Trade Ministry to allow more companies to import alcoholic beverages, instead of just one currently, to help curb smuggling.Today the import of alcoholic drinks is monopolized by state-owned company PT Sarinah.
Thu, 16 Jul 2009
Govt told to rethink regional autonomy
The government and lawmakers have been urged to reevaluate the regional autonomy policy, which in 10 years has led to the creation of more than 200 new regions which have not always improved conditions for local communities.
Thu, 16 Jul 2009
Over 10 foreign firms in Batam threaten to relocate to other countries
More than 10 oil-based companies currently operating on Batam, Riau Islands, threatened they would relocate to other countries, most possibly Singapore, because of double taxation that they have to bear.
Thu, 16 Jul 2009
Trade Ministry: Taxes, Not Monopoly, Reason for Smuggled Alcohol Market
Extremely high taxes on imports and weak government monitoring are the main reasons why the black market in alcohol is flourishing, a senior official at the Trade Ministry told reporters on Wednesday.Diah Maulida, the ministry’s director general for foreign trade affairs, said state firm PT...
Thu, 16 Jul 2009
Tax office to create program to reduce tax evasion
The tax office is creating a program application that will include its efforts in "profiling" and "benchmarking" of taxpayers in its information and technology system to reduce the rate of tax evasion, tax office chief Darmin Nasution says.
Wed, 15 Jul 2009
Indonesian Index on Corruption Perception Reaches 2.6
TEMPO Interactive, Mataram: The Indonesian index on corruption perception reaches 2.6 in 2008. This is higher than the index in 2004 which was only 2.0.The increase in the index was reported by the Secretary of the State Minister for Administrative Reforms, Tasdik Kinanto, at a regional...
Wed, 15 Jul 2009
Trade Department Reprimands 1,500 Importers
TEMPO Interactive, Jakarta: Trade Department said it is evaluating performance of around 1,500 importers for failing to report their activities to the ministry, and began to reprimand the importers to immediately submit their report or they will face import ban.
Wed, 15 Jul 2009
Energy company to add investment in Indonesia's South Sulawesi
China's Hong Kong-based World Energy firm has planned to increase investment to boost the capacity of its steam-power plant in South Sulawesi of Indonesia, Investment Coordination Board (BKPM) Chairman Muhammad Lutfi said Tuesday.The firm would increase its investment by 130 million U.