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Sun, 05 Jul 2009
Call for a Moratorium on New Bali Projects
Local Forum Wants a Moratorium on New Projects Until Bali's New Zoning Law is Finalized.(7/4/2009) The Forum of Concern for the Island of Bali (Forum Peduli Bumi Bali) has called on the government to introduce a moratorium on any new building that will further diminish the island's shrinking land...
Sun, 05 Jul 2009
Bali Tourism Reaps Singular Success in a World Plagued by Economic Woes.
(7/4/2009) The prestigious STR Global - a world leader in benchmarking hotel performance, has singled out Bali's hotel industry as a star performer in a world hotel market currently dominated by under performers.
Sat, 04 Jul 2009
RI to have brighter economic prospects in 2010
Jakarta (ANTARA News) - Indonesia is predicted to have brighter economic prospects next year in 2010 in tandem with the recovery of the world economy on account of the country`s ability to boost its exports, an observer says.
Sat, 04 Jul 2009
Bali`s pearl imports up nearly 100 Percent
Denpasar, (ANTARA News) - Imports of pearls, gems, gold and artificial accessories in the first three months of 2009, increased to US$4.4 million, or up almost 100 percent from 2.4 percent in 2008.The imported jeweleries were usually reexported after being processed in Bali, Gusti Viraguna Bagoes...
Sat, 04 Jul 2009
Number of foreign tourist arrivals in jakarta increases
Jakarta, (ANTARA News) - Th number of foreign tourist arrivals in Jakarta went up 22.32 percent in May 2009 from the previous month.In May 2009, some 124,928 foreign tourists visited Jakarta through the Soekarno-Hatta International Airport, Halim Perdanakusuma air force base airport, and Tanjung...
Fri, 03 Jul 2009
Indonesia's presidential election:More of the same
THERE are myriad reasons why Indonesia’s president, Susilo Bambang Yudhoyono (often called SBY), ought to be worried as the days count down to the country’s presidential election on July 8th. Only a quarter of the measures he promised in 2004 to improve the investment climate have been...
Fri, 03 Jul 2009
Indonesia to settle its Trans Asia road by 2014: Minister
there are two obvious options for where this bridge might be located: one is from just north of Malacca and crosses directly over the strait; distance about 40km; the second is to island-hope from the southern tip of malaysia through the Riau archipelago; largest span there would be 20km.
Fri, 03 Jul 2009
Indonesia to settle its Trans Asia road by 2014: Minister
JAKARTA, July 2 (Xinhua) -- Part of Trans Asia road that passes through Indonesian territory will be completed by 2014, Indonesian Public Works Minister Joko Kirmanto said here. "The trans-Sumatra and trans-Kalimantan roads will be connected by the end of this year.
Fri, 03 Jul 2009
Investment From Overseas Tipped To Plummet 58%
Finance Minister Sri Mulyani Indrawati has forecast that foreign direct investment for 2009 will be $6.2 billion, less than half of last year’s total of $14.87 billion, as companies remain cautious about expansion plans amid the global downturn.
Thu, 02 Jul 2009
Volkswagen to Invest $140 Million in Its First Indonesia Plant
July 2 (Bloomberg) -- Volkswagen AG, Europe’s largest automaker, will spend $140 million in the next two years to build its first factory in Indonesia, where economic growth is helping boost demand.The automaker plans to build a factory that can make 50,000 Touran multi-purpose vehicles a year,...
Thu, 02 Jul 2009
Exports, imports still tough in May
The slump in Indonesia’s exports and imports continued in May, although on a monthly basis imports of raw materials and capital goods now show signs that industrial activities are starting to pick up.
Thu, 02 Jul 2009
Coconut-based industry largely untapped
Quoting: biznewsFrom http://www.iesingapore.gov.sg/Coconut-based industry largely untapped I tapped a pair the other night.
Thu, 02 Jul 2009
Coconut-based industry largely untapped
The Indonesian Coconut Forum (FOKPI) has tied up with the Indonesian Institute of Science to conduct several pilot projects designed to diversify coconut-based products in the hope of developing the largely untapped industry.
Thu, 02 Jul 2009
Riau to develop Indonesia’s first crude palm oil downstream industry
With a plantation area of 1.6 million hectares and production capacity of 5.1 million tons per year, Indonesia’s Ministry of Industry has identified Riau as an ideal place to develop the country’s first downstream industry cluster for the palm oil industry.
Thu, 02 Jul 2009
Aker Solutions Opens Expanded Facility for Surface Products in Indonesia
Aker Solutions has officially opened its significantly modernized and expanded manufacturing facility for surface trees and wellheads in Batam, Indonesia. The expansion is part of Aker Solutions' long-term strategy to increase its presence in the rapidly growing oil and gas markets in the Asia...
Thu, 02 Jul 2009
Realized investment in production forests tops Rp 6.1 trillion in first half
Benget Besalicto Tnb., The Jakarta Post, Jakarta The Indonesian forestry industry could see up to Rp 15 trillion (US$1.5 billion) in investments this year, of which Rp 6.1 trillion has already been realized, a senior Forestry Ministry official said Monday.
Thu, 02 Jul 2009
Time to invest in RI's oil and gas sector
Ridwan Rusli, SingaporeThe sharp increase in crude oil and fuel prices between 2004 and 2008 ended abruptly when crude prices dropped from around US$140 per barrel to $40 as the global financial crisis took hold.
Thu, 02 Jul 2009
Government To Ban Foreign Investments in Cigarette Industry
TEMPO Interactive, Jakarta: Government was pushing to block foreign investment in cigarette industry, as the government is revising regulation on investment.After a meeting to discuss the regulation at the Industry Department on Wednesday Minister Fahmi Idris said “Cigarette industry is on the...
Thu, 02 Jul 2009
RI`s non-oil/non-gas exports down 21.19 pct
Jakarta (ANTARA News) - The Central Bureau of Statistics (BPS) said the country`s non-oil/non-gas exports in the January - May period dropped by 21.9 percent if compared with the same period a year earlier."The exports of animal and vegetable fat/oil group experienced a significant drop by 42.
Wed, 01 Jul 2009
Indonesia's regional leaders attract investors
SOLO, Indonesia (Reuters) - A quiet revolution is under way in Solo, Central Java, and in other parts of Indonesia where local leaders are learning that one way to get re-elected is to take voters and their needs seriously.
Wed, 01 Jul 2009
Canada looks to Indonesia amid global downturn
One of the silver linings of the global economic downturn is the fresh attention given by developed nations to emerging economies, particularly Indonesia, which has proven to be remarkably resilient to the crisis.Outgoing Canadian Ambassador to Indonesia, John T.
Tue, 30 Jun 2009
Realized investment in production forests tops Rp 6.1 trillion in first half
The Indonesian forestry industry could see up to Rp 15 trillion (US$1.5 billion) in investments this year, of which Rp 6.1 trillion has already been realized, a senior Forestry Ministry official said Monday.
Tue, 30 Jun 2009
Expediting investment licenses
President Susilo Bambang Yudhoyono last week issued a regulation which now requires all 524 regency and municipal administrations to quickly and efficiently process all business licenses needed by an investor through a one-stop licensing centre.
Tue, 30 Jun 2009
Foreign mining firms required to divest shares
The government will require 20 percent of shares in mining companies entirely owned by foreign shareholders to be divested to local partners, in accordance with the new mining law,an official says.Speaking at a forum on Monday, Bambang Setiawan, the director general for coal, minerals and...
Tue, 30 Jun 2009
Govt Cancels Plan to Take Over Airport Railway Project
TEMPO Interactive, Jakarta: The government said it has dropped plans to take over the train project connecting downtown Jakarta with the Sukarno-Hatta Airport in western tip of Jakarta. Transport Minister Jusman Syafii Djamal said on Monday (29/6) a new contractor, China harbour Indonesia had...
Tue, 30 Jun 2009
Indonesia, New Zealand FTA within months: Ministers
Indonesian and New Zealand Free Trade Agreement talks under the auspices of the Asean bloc have been progressing well despite the economic crisis and both countries expect the bilateral arrangement can be concluded within months, say foreign ministers, The Jakarta Post reported.
Tue, 30 Jun 2009
Saudi Arabian investors eye opportunities in W. Java
A number of Saudi Arabian businessmen are interested in investing in agricultural and animal husbandry sectors as well other small and medium business sectors in West Java, Antara reported.The investors' interest was expressed during a meeting between West Java Governor H Ahmad Heryawan and Saudi...
Tue, 30 Jun 2009
Japan to bring investors to Indonesia: Envoy
The Japanese government will bring investors to Indonesia in the near future, the country�s Ambassador Kojiro Shiojiri said on Tuesday, adding that they are especially interested in the infrastructure and agriculture sectors, Antara reported.
Tue, 30 Jun 2009
Riau palm oil industrial cluster to cost Rp20T
Construction of an upstream palm oil industrial cluster in Dumai, Riau, will cost around Rp20 trillion ($3 billion), head of the provincial industry and trade office Herliyan Saleh said, Asia Pulse reported.
Tue, 30 Jun 2009
China Harbour to bid for Jakarta airport railway project
China Harbour wants to take part in a tender to build a railway project to link Soekarno-Hatta airport with Jakarta, Asia Pulse reported.Tenders held twice previously failed for lack of interest in the project.
Tue, 30 Jun 2009
Dutch Lead Overseas Investors Here, BKPM Says
The deputy chairman of the Investment Coordinating Board said on Monday that the Netherlands was the No. 1 investor in Indonesia over the past six months, although he declined to state the actual value of the investments.“We have the Netherlands as the No.
Tue, 30 Jun 2009
Administration to tender Batam-Bintan bridge project
Following the opening of the Suramadu Bridge, which now connects Java and Madura islands, the Riau Islands will offer a Rp 3.5 trillion (US$350 million) tender for the construction of a bridge to connect Batam and Bintan islands.
Mon, 29 Jun 2009
Foreign shareholders must sell 20 percent of shares in mining companies
With the implementation of the new mining law, the government will require foreign shareholders with 100 percent of participating interest in mining companies to sell at least 20 percent of their ownership to the central government, regional government, state enterprises or domestic private...
Mon, 29 Jun 2009
Lombok Developer Emaar to Merge Into Firm With $3.65b Debt
Dubai. The Middle East’s largest real-estate developer and a partner in a troubled joint venture for a mega tourism project in Lombok, said the entity created by its merger with three state-controlled competitors will have 13.4 billion dirhams ($3.65 billion) in debt obligations.
Sun, 28 Jun 2009
Gresik forecasts poor year, upturn by 2011
Despite the government stimulus program and some signs of recovery on the horizon, the state-owned cement company PT Semen Gresik says that the cement industry would continue to suffer a decline this year, with full recovery by 2011.
Sun, 28 Jun 2009
Bali Artistic Leader Calls for a Stop on Condotels
Quote:I have getting tired of having to pay for my sex.One way of putting it.
Sun, 28 Jun 2009
Bali Artistic Leader Calls for a Stop on Condotels
"creating an environment conducive to the excesses of modern life, such as free-sex and the use of narcotics."Where d i sign up? I have getting tired of having to pay for my sex.
Sun, 28 Jun 2009
Bali Artistic Leader Calls for a Stop on Condotels
Nyoman Gunarsa Says Condotels Threaten Balinese Culture.Bali News: Bali Artistic Leader Calls for a Stop on Condotels(6/27/2009) One of Bali's most famous artists and art curators, Nyoman Gunarsa, views the recent surge of "Condominium Hotels (Condotels)" as a detriment that does more...
Sun, 28 Jun 2009
Film makers to get tax break
The local film industry will soon benefit from new tax exemptions, now proposed by the culture and tourism ministry, to help local film production.Minister Jero Wacik told reporters at the Indonesian Creative Products Week on Friday that he had received verbal approval on help for the local film...
Sun, 28 Jun 2009
Big shift in export destinations on horizon
Government plans to shift exports from faltering traditional markets to new non-traditional markets to sustain export growth despite weakening global demand may be on track, a senior official says.Deputy to coordinating minister for the economy, in charge of industry and trade, Edy Putra Irawady,...
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
Quoting: viperaberushitamQuoting: Piss SalonWhatever gives me less grief. Piss is an Expat in Indonesia and wants the Indonesian Govt. to give him less grief is there such a thing as good grief?
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
Quoting: Piss SalonWhatever gives me less grief. Piss is an Expat in Indonesia and wants the Indonesian Govt. to give him less grief......Oh Piss a mind is terrible thing to waste.
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
Quoting: Piss SalonShouldn't the government sort its shit out first."A lack of coordination is one of the reasons why the BKPM and the ministry have produced widely divergent statistical data, according to analysts." steady on there, piss.
Sat, 27 Jun 2009
President opens Indonesia creative week 2009
"The future of our economy should not merely rely on agriculture, natural resources, industry, and conventional services, although they are the backbone of our national economy, but the creative economy and tourism economy should be stepped up as well," the president said.
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
Shouldn't the government sort its shit out first."A lack of coordination is one of the reasons why the BKPM and the ministry have produced widely divergent statistical data, according to analysts."
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
Seems like someone wants to retire........
Sat, 27 Jun 2009
Ministry: Massive Investment Needed for Industrial Makeover
At least Rp 100 trillion ($9.8 billion) per year will be needed to retool some of the country’s most labor-intensive industries over the next five years, amid falling competitiveness and the looming threat of more layoffs, Agus Tjahajana, the Industry Ministry’s secretary general, said on...
Sat, 27 Jun 2009
$5.38 billion of investment mobilized in the first quarter
Alfian, THE JAKARTA POST, JAKARTA The energy and mining sector secured about US$5.38 billion of inward investment in the first quarter of this year; about 21.19 percent of the $25 billion targeted for 2009.
Sat, 27 Jun 2009
Govt SME policy hampered by bureaucratic delays
Government policy to optimize the consumption of local products via small and medium enterprises (SMEs) faces private sector questions due to bureaucratic delays and alleged corrupt practices.Indonesian Chamber of Commerce (Kadin) spokesperson for small and medium enterprises and people-oriented...