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Wed, 15 Jul 2009
Finance Official Says Government Alcohol Monopoly Must Go
The government must break the monopoly that state alcohol importer PT Sarinah has on importing wine, beer and spirits, or else illegal shipments will continue to flood the country, a high-ranking official at the Finance Ministry has said.
Tue, 14 Jul 2009
More investment as companies turn to wood pellets for energy
As more businesses adopt environmentally friendly practices, demand for wood pellets as a source of renewable fuel is on the rise, a senior government official has said.Hadi Daryanto, the director general for development of forest production at the Forestry Ministry, said recently that demand was...
Tue, 14 Jul 2009
Manufacturing key sector for development: Minister
Aditya Suharmoko, The Jakarta Post, Jakarta The government will make manufacturing a key sector in designing its 2010-2014 development plan to reduce poverty and unemployment, a minister said Tuesday."The role of the manufacturing industry in development is very important," State Minister...
Tue, 14 Jul 2009
Investors waiting for new cabinet line-up
Jakarta (ANTARA News) - Foreign investors overseas are still waiting for the composition of the new cabinet ministers in President Susilo Bambang Yudhoyono`s next government, an observer said."Foreign investors will see first who are to be appointed ministers in the new cabinet of the...
Tue, 14 Jul 2009
Keeping Recipes Simple
Government Enforces Strict Rules on Food Imports by Destroying Imported Food Stocks at Local Supermarkets.(7/12/2009) The Bali branch of the Agency for the Supervision of Food and Drugs (BPOM) has conducted on-site destruction of imported food items at several locations around Bali.
Tue, 14 Jul 2009
Inco May Slash 500 Jobs to Cut Costs
The nation’s largest nickel producer, PT International Nickel Indonesia (Inco), plans to dismiss about 500 employees as the global slump forces the company’s biggest shareholder to pare costs back to a minimum, an Inco source said on Monday.
Tue, 14 Jul 2009
Work on infrastructure stimulus awaits new cabinet
Aditya Suharmoko, The Jakarta Post, Jakarta To investors engaging in the real sector, the game of wait and see does not end automatically with the grand finale of last week's presidential election.Investment, although likely to improve, still craves the long-awaited boost from government...
Tue, 14 Jul 2009
Free trade delay with China sought: Ministry
Mustaqim Adamrah, The Jakarta Post, JakartaBowing to pressure from textile producers, the Industry Ministry has agreed to reassess the costs and benefits of the China-ASEAN free trade agreement, and may even propose a postponement.
Mon, 13 Jul 2009
Indonesia issues first forest-carbon revenue rules
JAKARTA, July 10 (Reuters) - Indonesia's forestry ministry has released what are believed to be the world's first set of revenue sharing rules governing forest carbon projects, a ministry official said on Friday.
Mon, 13 Jul 2009
Japanese investors postpone projects in E Java
Surabaya, E Java (ANTARA News) - Many Japanese investors have delayed their plans to invest in East Java as a consequence of the global economic crisis, a capital investment official said."As a result of the global economic crisis which hit Japan, many investors from that country have delayed...
Mon, 13 Jul 2009
Regulations Key to Infrastructure, Analyst Says
The country needs leaders who can create a sustainable regulatory framework to guide the speedy development of infrastructure, rather than decision-makers who act quickly but put the country at risk in the process, a prominent analyst said.
Sat, 11 Jul 2009
Indonesian Firms Need to Go Global
Few Indonesian companies are among the largest in the world. By comparison, Malaysia and Singapore have a handful. No Indonesian companies are global champions or global brands. Singapore has one in Singapore Airlines.
Sat, 11 Jul 2009
World Bank Dubs Indonesia a ‘Winner,’ Says Economic Growth May Soar to 7%
With the country set to emerge a “winner” from the global financial crisis, the economy has the potential to expand “significantly” by more than 7 percent, according to Joachim von Amsberg, the World Bank’s representative in Jakarta.
Sat, 11 Jul 2009
Exporters Knock Govt Efforts at Promoting Trade
Trade associations representing exporters say they are dismayed by the lack of state help in opening up new markets, and are urging the government to devise a strategy to help them cope with the slump in demand from traditional export destinations.
Fri, 10 Jul 2009
Qatar to Open Local Investment Firm: Government
Qatar Holdings, the direct investment arm of the Qatar Investment Authority, plans to open a wholly owned investment firm in Indonesia by the end of the year, the government’s special envoy to the Middle East said.“Based on our latest meeting with Mr.
Thu, 09 Jul 2009
Indonesia: An "in-danger" state?
Alexandra Retno Wulan, JakartaForeign Policy magazine just released its 2009 Failed States Index (FSI) in its July/August edition. Unsurprisingly, Indonesia is still listed in the second “worst” category - titled the “in-danger” list.
Thu, 09 Jul 2009
Government to Raise Foreign Stake in Local Hospital
TEMPO Interactive, Jakarta: Health Ministry informed that the governemnt is proposing to raise the maximum stake of foreign investment in local hospitals from 49 percent to 65 percent.Minister Siti Fadilah Supari said on Wednesday after casting her vote near her residence in Jakarta that the...
Thu, 09 Jul 2009
Money Supply Rises 18 Percent During Election
TEMPO Interactive, Jakarta: Bank Indonesia said on Wednesday the amount of money in domestic economy during the presidential election period rose 18 percent from a month earlier. Bank Indonesia however said the rise could not be linked solely to the election while the Finance Ministry said the...
Thu, 09 Jul 2009
Businesses Laud SBY’s Lead, Expect Action in Next Term
The business community welcomed quick-count poll figures suggesting that incumbent President Susilo Bambang Yudhoyono, had easily won a second term without a runoff. But those interviewed also said they would expect the president to honor his campaign promises and act faster on a number of economic...
Thu, 09 Jul 2009
Belt Collins opens Bali office
Belt Collins has opened its sixth office in Asia with its newest in Indonesia.The Honolulu-based planning, design and consulting firm opened a new office in Bali, with nine employees.The office is working on projects including the Sawangan Bali Resort, Pullman Bali Legian Nirwana and The Regent...
Thu, 09 Jul 2009
Riau Islands to build airstrips in isolated regions
The Riau Islands provincial administration is to build airstrips in Bintan and Anambas regencies to open access to the two isolated regions, the governor has said.Governor Ismeth Abdullah said the airstrips, to be built in Tambelan Island (Bintan) and Jemaja Island (Anambas), would also play an...
Thu, 09 Jul 2009
S Korea`s Kolon to invest US$10.6 mln for epoxy plant expansion
Seoul (ANTARA News/Asia Pulse) - South Korea's leading synthetic fiber maker Kolon Industries Inc. (KSE:002020) said Tuesday that it will invest 13.5 billion won (US$10.6 million) to expand its epoxy plant in the southeastern area of the country by the first half of 2010.
Thu, 09 Jul 2009
Finance minister hopes investment to grow seven percent
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati hopes investment will grow seven percent to support the economy so that it could grow four percent this year."If growth is still quite strong we hope investment in the second quarter and in the second semester could grow higher...
Thu, 09 Jul 2009
RI-UAE trade far less than actual potential
Jakarta (ANTARA News) - Indonesian Ambassador to the United Arab Emirates (UAE) M. Wahid Supriyadi said while the trade relations between the two countries in 2008 increased 44 percent to 2.18 billion US dollars, the matter is still no picture of the true potentials of the two nations.
Wed, 08 Jul 2009
Alcohol: Why Indonesia Isn’t Producing Enough (And How to Fix That)
So Quoting: biznewsBeer manufacturers PT Multi Bintang Indonesia and PT Delta Djakarta, which produces Anker beer, are the sole alcohol producers on the stock exchange and cannot meet domestic demand.=local producers were not even presently operating at maximum capacity. Fucking clown.
Wed, 08 Jul 2009
Indonesia: Tax appointment crucial to reform drive
JAKARTA (Reuters) - Indonesia's tax chief, Darmin Nasution, who is credited with cleaning up the notoriously corrupt department and boosting tax revenues, moves to the central bank this month to become a senior deputy governor.
Wed, 08 Jul 2009
Govt to make Lombok island world tourist destination
I wonder how many of the current crop of ruling elite have recently purchased property in Lombok?
Tue, 07 Jul 2009
Research In Motion To Set Up Facility In Indonesia
JAKARTA (Dow Jones)--Research In Motion Ltd. (RIMM) is arranging for a repair facility in Indonesia to expand its after-sales service and will continue investing in the country, the company said in a statement Tuesday.
Tue, 07 Jul 2009
Indonesia mining sector faces election risks
JAKARTA, July 7 (Reuters) - Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by politicians ahead of Wednesday's presidential election has hardly helped.
Tue, 07 Jul 2009
Tourism industry grows 1.69%
The tourism industry grew around 1.69% from January to May, with foreign tourist arrivals reaching 2.4 million, up 40,098 from the same period last year, giving optimism that the target for the Visit Indonesia Year 2009 of 6.5 million foreign tourist arrivals would be achieved, Antara reported.
Tue, 07 Jul 2009
Polish businesses eye Indonesia as business base
A number of Polish businesses are considering making Indonesia a base for their business activities, a Polish diplomat said, Asia Pulse reported.Damian Irzyk, economic affairs chief at the Polish Embassy in Jakarta, said on Thursday Indonesia was now seen as being on equal footing with other Asian...
Tue, 07 Jul 2009
$153M likely for electronics, IT industries: Ministry
Five foreign producers of electronic and information technology products plan to invest around $153 million in Indonesia this year, the Industry Ministry said, Asia Pulse reported.South Korea's Yu Won and Samsung through its local unit PT Samsung Electronic Indonesia, plan to build cellular phone...
Tue, 07 Jul 2009
Investment cluster proposed for C., E. Java
East and Central Java administrations have announced plans to develop their northern and southern border areas to improve domestic and foreign investment, an official said Thursday, The Jakarta Post reported.
Tue, 07 Jul 2009
Govt to make Lombok island world tourist destination
Quoting: Derek GratisQuoting: biznewsRegarding human resources the minister said that "it is our task to develop them. It will be a hard task and therefore we must work hard for it." (*) Looks like old Lombers will remain unsullied by mass tourism then.
Tue, 07 Jul 2009
Govt to make Lombok island world tourist destination
Quoting: biznewsRegarding human resources the minister said that "it is our task to develop them. It will be a hard task and therefore we must work hard for it." (*) Looks like old Lombers will remain unsullied by mass tourism then.
Tue, 07 Jul 2009
Investment reaches US$7.3b in first semester
Total investment of US$7.3 billion (inward and domestic) in the first semester indicated brighter prospects, although lower than figures for last year, the Investment Coordination Board (BKPM) says.BKPM chairman Muhammad Lutfi said Monday that the figure for inward investment was 27 percent up from...
Tue, 07 Jul 2009
Govt to make Lombok island world tourist destination
Mataram, (ANTARA) - The Indonesian government plans to turn Lombok island in West Nusa Tenggara into a world-class tourism destination by 2012 with the target of drawing a million tourist arrivals.Culture and Tourism Minister Jero Wacik made the statement here on Monday during the launching of the...
Tue, 07 Jul 2009
Indonesia to boost exports to China
Jakarta (ANTARA News) -The Ministry of Trade will try to boost the country`s exports to China by having 80 Indonesian companies take part in an international exhibition, the China Asean Expo, in Naning, Guangxi, China in October 2009.
Tue, 07 Jul 2009
Car sales in Indonesia down 28% in first half of 2009
Jakarta (ANTARA News/Asia Pulse) - Car sales in Indonesia plunged 28 per cent to 209,679 units in the first half of 2009 from 292,670 units in the same period last year on price hikes.All car makers in Indonesia raised their prices early this year, forcing consumers to delay plans to buy new cars,...
Tue, 07 Jul 2009
Public Companies not to be in Negative Investors List
TEMPO Interactive, Jakarta: The Investment Coordinating Board (BKPM) recently announced that public companies will not be included in the government’s list of ‘negative’ investors.This was announced by BKPM chairman, M.
Tue, 07 Jul 2009
BPKM Says Foreign Direct Investment Boosted by Natrindo Telecom Spending
Foreign direct investment realization in the first half of this year rose 20 percent to $5.3 billion from $4.4 billion in the second half of 2008, thanks to large investment in the telecommunications sector, the Investment Coordinating Board announced on Monday.
Tue, 07 Jul 2009
Alcohol: Why Indonesia Isn’t Producing Enough (And How to Fix That)
by Dian AriffahmiIndonesia tops a lot of global lists: It is the world’s largest archipelago; it has the world’s largest Muslim population; and, unknown to many, it is also one of the largest importers of alcoholic beverages.
Tue, 07 Jul 2009
Confidence Surveys Suggest Consumers And Businesses See Better Times Ahead
Both consumer confidence and business sentiment continued to improve in June, driven by expectations of increased spending by political campaigns ahead of Wednesday’s presidential election, two polls released on Monday showed.
Mon, 06 Jul 2009
Indonesia Considering Removing Taxes For Refinery Operations
JAKARTA -(Dow Jones)- Indonesia's finance ministry is considering proposals to remove the value-added tax on imported catalysts for refineries, tax on capital goods imports for refineries and providing loan guarantees to refinery developers, the Ministry of Energy and Mineral Resources said in a...
Mon, 06 Jul 2009
Indonesia to clean up timber exports
Indonesia will launch a new system of independent certification for all timber exports to combat widespread illegal logging, the forestry minister said Monday.From September all timber leaving the country must be certified by an independent body of business and NGO representatives, Malam Sambat...
Mon, 06 Jul 2009
Batam Free Trade Zones Will Not Be Reviewed Again
TEMPO Interactive, Jakarta: The government will not review the implementation of the free trade zones (FTZ) in Batam, Bintan, and Karimun again as they are important to increase foreign investment in the area.
Mon, 06 Jul 2009
New regulation ‘favorable but may spark conflicts’
A new regulation which lays down a one-stop service for the processing of investment licenses is a step forward in making Indonesia more attractive, but it also has some potential to spark conflicts.The Indonesian Chambers of Commerce and Industry (Kadin) said last week the presidential regulation...
Mon, 06 Jul 2009
Thirsty for Market Share, Dairy Farmers Mull How to Stem Flood of Milk Imports
It is high time for the domestic dairy industry to put an end the domination of imported milk products by improving its productivity, efficiency and quality, a senior official at the National Dairy Council said on Thursday.
Sun, 05 Jul 2009
Volkswagen to Invest $140 Million in Its First Indonesia Plant
From http://paultan.org/archives/2009/07/03/volkswagen-to-invest-us140-million-in-indonesia/Volkswagen to invest US$140 million in IndonesiaAt first, the figure was said to be about US$47 million, but the latest is a whopping US$140 million! It’s heartbreaking I know but yes, we’re talking...
Sun, 05 Jul 2009
RI facing better economic prospects this year
Jakarta (ANTARA News) - Amid signs of economic recovery, particularly in emerging markets like China, India and South Korea, Indonesia is also facing better economic prospects this year.While the global financial crisis caused the world economy to undergo a minus 1.