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Sat, 27 Jun 2009
Costs but no benefits: Too many regions
Aditya Suharmoko, The Jakarta Post, JAKARTA Continued proliferation of administrative regions in Indonesia may no longer be economically sustainable, as it creates additional costs to the state with relatively small benefits, says government official in UNDP forum.
Sat, 27 Jun 2009
Batam Needs Small Ports
TEMPO Interactive, Batam: The Business Agency of Batam was asked to open small ports to support deliveries to islands within Batam. The establishment of Batam as a free-trade zone had rendered small ports inoperable.
Sat, 27 Jun 2009
US helping investors get clean energy opportunities in Indonesia
Jakarta, (ANTARA News) - Opportunity to finance environmentally friendly energy projects has attracted the attention of more than 100 industrial experts and investors participating in the Indonesian Clean Energy Investor Forum being held here today.
Sat, 27 Jun 2009
President opens Indonesia creative week 2009
Jakarta, (ANTARA News) - President Susilo Bambang Yudhoyono opened Indonesia Creative Week 2009 at the Jakarta Convention centre (JCC) here on Friday morning.Various activities such as creative products exhibition, seminar, workshop, training, consultation on intellectual property rights, and other...
Sat, 27 Jun 2009
President opens Indonesia creative week 2009
Jakarta, (ANTARA News) - President Susilo Bambang Yudhoyono opened Indonesia Creative Week 2009 at the Jakarta Convention centre (JCC) here on Friday morning.Various activities such as creative products exhibition, seminar, workshop, training, consultation on intellectual property rights, and other...
Fri, 26 Jun 2009
SA consulting group opens offices in China, Indonesia 0 COMMENTS | ADD A COMMENT PRINT EMAIL | By: Jona
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.The company says that increasing opportunities in China have “convinced it” to open a second office in Nanchang, in Jiangxi province, to complement the...
Fri, 26 Jun 2009
Manpower law should not be revised hastily :Yudhoyono
Jakarta (ANTARA News) - Presidential candidate with running number two, Susilo Bambang Yudhoyono believed that Law No.13/2003 regarding manpower affairs should not be too hastily revised.Yudhohono, who is also the incumbent president disclosed the issue when answering the moderator`s question...
Fri, 26 Jun 2009
Pertamina, Arrtu to build methanol plants for US$1.9 bln
Jakarta (ANTARA News/Asia Pulse) - Indonesian state oil and gas company PT Pertamina said it will team up with PT Arrtu Mega Energie (AME) to build two methanol factories at a total cost of US$1.9 billion.
Fri, 26 Jun 2009
Hotel Association Demands Restriction on New Hotels
TEMPO Interactive, Jakarta: Hotel and restaurant association in Indonesia urged the Semarang Municipal administration to curb hotel growth in the city, fearing unproportional growth in number of hotels and customers.
Fri, 26 Jun 2009
Indonesia Embroiled in Antidumping Offensive as Crisis Chokes World Trade
As struggling firms scramble for markets and try to wind down inventories, allegations of dumping have become the order of the day on the international trade front, with Indonesia finding itself on the receiving end of eight new dumping charges and measures over the last five months.
Fri, 26 Jun 2009
Q1 Oil, Gas Investment Only 20% Of Full-Year Forecast
Investment in the domestic oil and gas sector reached $3.35 billion in the first quarter, just 20 percent of the total full-year target of $16.6 billion.Investment in the upstream oil and gas sector reached $2.
Thu, 25 Jun 2009
Overseas Investors Eying Local Health Care Market
Foreign investors are beginning to turn their eyes from the country’s mining and energy industries to health care despite heavy regulation of the sector, according to Standard Chartered Bank.Bala Swaminathan, the bank’s South East and East Asia wholesale banking head, said on Tuesday that...
Thu, 25 Jun 2009
Intel Keen on Increasing Local Presence
Plummeting demand for computers and slumping industry profits aside, the world’s biggest chipmaker, Intel, says it is committed to expanding its presence in Indonesia.Founded in 1968 and based in Santa Clara, California, Intel saw its first-quarter net profit tumble to $647 million from $1.
Thu, 25 Jun 2009
Tax Service Announces $145m Tech Overhaul
The Finance Ministry’s Directorate General of Taxation plans to launch a worldwide tender between September and early 2010 for a $145 million project to revamp its computerized information system, in line with concerted efforts in recent years to expand the country’s extremely low taxpayer...
Thu, 25 Jun 2009
Riau moves to start RI downstream CPO industry
The Riau government, already good at attracting investment, is moving aggressively to set up the nation's first downstream industrial cluster for the palm oil industry, to start to catch up with Malaysia.
Wed, 24 Jun 2009
Asian economies feel the pull of protectionism
Indonesia's industry minister proposed earlier this year that the country's civil servants - all 4m of them - should buy and wear only locally made shoes.In the end this policy - a response to the global economic crisis - was opposed by others in the government.
Wed, 24 Jun 2009
K S Oil buys land in Indonesia for palm plantation
Mumbai, Jun 24 : Leading edible oil producer, K S Oils limited has acquired 35,000 acres of palm plantation in Indonesia for an undisclosed amount in continuation of its strategy of acquiring palm plantation assets in South Asia.
Wed, 24 Jun 2009
Indonesia’s current palm oil production far from target
KUALA LUMPUR: Indonesia’s plan to achieve about 40 million tonnes of annual palm oil production by 2020 is still up in the air, says Indonesian Palm Oil Board (IPOB) vice-chairman Derom Bangun.He said currently the average oil palm plantation yields in Indonesia, the world’s largest palm oil...
Wed, 24 Jun 2009
Ministry to Squash Insect Infestations With Regulation on Import Containers
The Ministry of Agriculture plans to screen and treat all wooden containers and packaging materials entering the country’s ports to protect domestic producers from foreign organisms or insects, a ministry official said on Tuesday.
Wed, 24 Jun 2009
Cepu Oil Output to Increase: BPMigas
Oil production from Cepu block, the nation’s largest oil deposit, will reach its preliminary target of 20,000 barrels a day in August as a land dispute hampering the project has been resolved, a senior official of upstream oil and gas regulator BP Migas said on Tuesday.
Wed, 24 Jun 2009
Nation’s First Physical CPO Market Unveiled by JFX
The Jakarta Futures Exchange on Tuesday launched the nation’s first organized physical market for crude palm oil, which will be traded exclusively online, in an attempt to create a new price benchmark, a JFX executive said.
Wed, 24 Jun 2009
Bintan Resort has two new ferry boats to serve Singapore
Bintan (ANTARA News) - To support sea transportation, especially for tourists to reach Lagoi resort in Bintan regency, Bintan Resort Pte Ltd (BRF) added two ferry boats to serve the Singapore-Lagoi route in Riau Islands.
Wed, 24 Jun 2009
Indonesian parliament enacts public service law
Indonesian House of Representatives finally enacted Tuesday the much-expected public service law that punishes government officials who delivered ill-conducted services to the public.After four years of discussions, lawmakers in the parliament unanimously agreed to enact the law called Public...
Wed, 24 Jun 2009
`Coconut economy' untapped
Indonesia's coconut-based industries remain largely untapped and lag behind regional peers due to lack of development in the sector, despite Indonesia being one of the world's largest growers of coconut palms, an association says.
Wed, 24 Jun 2009
Cement market hit by property slump
Indonesia's cement consumption in May shrank 14.4% year-on-year to 3.05 million tons amid a slump in the property and construction sector, Asia Pulse reported.It was the steepest contraction in monthly consumption from 3.56 million tons in April, the association of cement companies said.
Wed, 24 Jun 2009
Nokia, Samsung mull cellular phone plants Electronic companies
Electronic companies Nokia of Finland and Samsung of South Korea are exploring the possibility of building cellular phone manufacturing and assembling plants in Indonesia, a ministry official said on Tuesday, Antara reported.
Wed, 24 Jun 2009
Business scents recovery
A number of business sectors appear to be experiencing a boost, with higher sales in areas such as automotives and heavy equipment, while banks are starting to lower credit rates, likely increasing the momentum of recovery.
Wed, 24 Jun 2009
Kadin seeks tax incentives to boost growth in IT sector
Benget Besalicto Tnb. , The Jakarta Post , Jakarta | Tue, 06/23/2009 1:22 PM | BusinessThe country's business lobby has called on the government to provide tax incentives for the information technology sector and allow it greater access to financing to accelerate its growth amid the sector's...
Wed, 24 Jun 2009
Emaar and Indonesian Government extend JV to develop The Lombok Project by six months
Quoting: Jungle GeorgeIf Arabs and Indonesians can get their collective sh't together there is a lot of money to be made from this project. can't disagree there. it will be the new hawaii bali. and, i guess, therein lies the problem.
Tue, 23 Jun 2009
Emaar and Indonesian Government extend JV to develop The Lombok Project by six months
Quoting: Jungle GeorgeIn a perverted sort of way, this Lombok Project fits perfectly the Arabs and the Indonesians. Both are Muslims, both like to pretend they lead a life according to the Koran, and both like to find a safe place to get away and drink, party and monger with pretty girls.
Tue, 23 Jun 2009
Emaar and Indonesian Government extend JV to develop The Lombok Project by six months
In a perverted sort of way, this Lombok Project fits perfectly the Arabs and the Indonesians. Both are Muslims, both like to pretend they lead a life according to the Koran, and both like to find a safe place to get away and drink, party and monger with pretty girls.
Tue, 23 Jun 2009
Emaar and Indonesian Government extend JV to develop The Lombok Project by six months
1. Follows meeting of Government and Emaar International representatives in Dubai2. The Lombok Project is a mixed-use resort-style developmentThe Indonesian Government has extended the joint venture between Emaar Indonesia and PT Pengembangan Pariwisata Bali (Persero), a government entity, to...
Tue, 23 Jun 2009
Number of taxpayers jump to 14m in May
Aditya Suharmoko, The Jakarta Post, Jakarta The number of taxpayers stood at 14.1 million in May, a jump from 10.6 million at the end of 2008, indicating an increasing awareness of people to pay tax, according to the tax office.
Tue, 23 Jun 2009
Cool response seen to new Indonesia CPO contract
JAKARTA, June 22 (Reuters) - Indonesia is due to launch on Tuesday a physical crude palm oil contract, but low volumes and a lack of transparency will crimp the move to establish a new benchmark in the world's top producer, traders said.
Tue, 23 Jun 2009
Indonesia`s CPO exports down 54 percent: Greenomics
Jakarta (ANTARA News) - Indonesia`s crude palm oil exports dropped 54.02 percent in the first three months of 2009, compared with the same period last year.The executive director of Greenomics Indonesia.
Mon, 22 Jun 2009
Reality in Indonesia is still better than perception: FBAI head
The role of foreign business in Indonesia has come under the microscope once again, as presidential candidates debate the merits of a more nationalistic economic policy. This sentiment has been gathering as the country's economy is affected by the global downturn, which originating from the...
Mon, 22 Jun 2009
Indonesia's franchise industry burgeoning
While many industries are struggling to survive, franchises in Indonesia are surviving the test of times and have become a lucrative industry, generating close to Rp 50 trillion (US$4.96 billion) in sales annually.
Sun, 21 Jun 2009
Jalan Tengah Economy
Middle Path sometimes is considered equivocal, undecided, in doubt or deliberately deceptive. But Middle Path is also considered the wisdom of Confucius. As Mencius so aptly says, "Confucius did not go to the extremes." Anthony Giddens calls it "third way".
Sun, 21 Jun 2009
Transport Association Condemns Private Villa Transport
Transport Association Chief Says Unless Government Takes Action Against Illegal Tourist Transport His Members May Stop Renewing their Vehicle Permits.(6/20/2009) The Chief of the Tourism Transport Association (Pawiba), Bagus Soediana, told BisnisBali that he deeply regretted the growing fleet of...
Sun, 21 Jun 2009
Bali Braces for Higher Electricity Rates
New Electricity Regulations Will See People Paying More for Electricity in Java and Bali than in Other areas of Indonesia.(6/20/2009) Electricity rates for customers on the Indonesian islands of Java and Bali are likely to be higher than elsewhere in the Republic if current plans to introduce...
Sun, 21 Jun 2009
August may see implementation of new regulations
Alfian, The Jakarta Post, JAKARTA The Energy and Mineral Resources Ministry said Friday it expects to submit a draft on the implementing regulations of the new mining law for final approval from the president in August.
Sun, 21 Jun 2009
Beefing about Indonesia
Duncan GrahamIn the slightly less polluted suburbs of Jakarta and other big Indonesian cities, restaurants specialising in beef dishes are doing well, particularly those serving steaks from New Zealand and Australia.
Sat, 20 Jun 2009
Lombok Resort Still Facing Land and Share Disputes
Quoting: KuKuKaChuQuoting: JGLand speculation was also a problem, with Gusmin noting that 135 hectares allotted for the site were currently held by locals who refused to sell their land.how dare they not sell their land!Quoting: JGI Made Manda, BTDC’s president director, earlier said Emaar would...
Sat, 20 Jun 2009
In Dubai, Signs of Life Appear for Emaar Deal
A government official said late on Thursday that the planned $600 million tourism megaproject on Lombok Island may finally go forward, after a high-level meeting in the United Arab Emirates with the chairman of Dubai-based Emaar Properties.
Sat, 20 Jun 2009
Lombok Resort Still Facing Land and Share Disputes
Quoting: JGLand speculation was also a problem, with Gusmin noting that 135 hectares allotted for the site were currently held by locals who refused to sell their land.how dare they not sell their land!Quoting: JGI Made Manda, BTDC’s president director, earlier said Emaar would not break ground...
Sat, 20 Jun 2009
Lombok Resort Still Facing Land and Share Disputes
Despite the positive note sounded by government officials on Thursday that Emaar Properties’ Lombok project was still on track, two serious stumbling blocks remain: land acquisition and the ownership of the joint venture company.
Fri, 19 Jun 2009
Sink or Swim Time for Emaar Lombok Project
Quoting: Roy's HairGawdy resorts that'll be full of Ayrabs and hoes whilst the Sasaks are made to feel like second class citizens on their own island? 36 hole golf courses despoiling the environment, bowel shatteringly banal live entertainment and his and hers matching hotel monogrammed bath robes...
Fri, 19 Jun 2009
Investors await East Java's development plan for Madura
Investors from the property sector are waiting for East Java's development overview of Madura before investing their capital on the island, says an executive.The secretary of the East Java branch of the Indonesian Real Estate Association (REI) Muhammad Nur Wakhid said Thursday that a number of...
Fri, 19 Jun 2009
Coal forum to be held in Bali next week
Alfian Idrisahmad, The Jakarta Post, JakartaBali will host a forum on coal, involving coal producers, consumers and government representatives from Southeast Asia next week.The Indonesian Energy and Mineral Resources announced on its official website on Friday that a council meeting of the ASEAN...
Thu, 18 Jun 2009
Sink or Swim Time for Emaar Lombok Project
Gawdy resorts that'll be full of Ayrabs and hoes whilst the Sasaks are made to feel like second class citizens on their own island? 36 hole golf courses despoiling the environment and bowel shatteringly banal live entertainment. Yeah, let's all evolve.