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Thu, 18 Jun 2009
Sink or Swim Time for Emaar Lombok Project
As a big fan of Lombok's south coast I hope the whole deal's been fatally holed beneath the waterline.
Thu, 18 Jun 2009
Government to Issue Rule Limiting Exports of Raw Rattan
Responding to protests of furniture and handicraft makers over a lack in supply, the government will soon issue a new regulation limiting rattan producers - except for in the two largest centers in the country - from exporting the commodity, Ardiansyah Parman, the Trade Ministry secretary general,...
Thu, 18 Jun 2009
Sink or Swim Time for Emaar Lombok Project
As the final deadline of Friday nears for agreement on a $600 million mega-tourism project on Lombok Island to be jointly developed by the government and Dubai-based Emaar Properties, government officials say it is now up to Emaar to push through with the development.
Wed, 17 Jun 2009
Retail market growing despite crisis
The Indonesian retail market is weathering the ongoing economic crisis, the latest Nielsen survey shows."Despite an increase in prices, consumers are still spending more money" Nielsen Company retail executive director Teguh Yunanto said on Tuesday.
Wed, 17 Jun 2009
Crude palm oil price increases: Fact or fiction?
Achmad Syafriel, Researcher Predicting commodity prices including for CPO is never an easy task. While data may show a certain trend in price propensity, actual materialization on pricing may be entirely different.
Wed, 17 Jun 2009
Sony Chemicals to close Batam plant
Run by electronics giant Sony, PT Sony Chemicals, which produces chemicals for electronic goods, will close its plant in Batam, Riau Islands, as of August 31 because of falling global demand.As a result of the closure, the company would lay off some 350 workers, Batam manpower agency chief Rudy...
Wed, 17 Jun 2009
Tax Revenue Down 3.01 Percent In May
Tuesday, 16 June, 2009 | 23:27 WIBTEMPO Interactive, Jakarta: Overall tax income down 3.01 percent in May 2009 from the same period last year, as a result of decreasing tax revenues from non oil and gas commodity and property, the Finance Ministry reported on Tuesday (16/6).
Wed, 17 Jun 2009
Managing the economy: Grasping the notion of `Neorealism'
Quoting: biznewsAs with any other country, Indonesia's economy cannot grow at higher speed and in a sustainable manner if the economy is not firing on all three cylinders. Well no wonder the economy's fucked, turns out it's one of those lameass Daihatsu Charades.
Tue, 16 Jun 2009
KADIN Again Urges Updated Negative Investment List
According to a senior official of the country’s most influential business association, a revised negative investment list is unlikely to be finalized by the current government, whose term expires in October, given that business leaders first would first have to be consulted.
Tue, 16 Jun 2009
Alam Sutra Delays Tangerang Mall for Lack of Tenants
Plagued by difficulty in securing commitments from anchor tenants, PT Alam Sutera Realty said on Monday that it would hold off until next year on the development of its Rp 500 billion ($49.5 million) mall, the linchpin of an integrated town and community centre in Tangerang.
Tue, 16 Jun 2009
Timber Exports Cut Down to Size in Q1
The nation’s downstream timber products industry has been hit hard by the global economic crisis, with export values plummeting 28 percent year on year to $559.7 million in the first quarter, the Central Statistics Agency reported on MondayThe export volume of lumber-based products and their...
Tue, 16 Jun 2009
Steel Producers Complain About Illegal Import Practises
Monday, 15 June, 2009 | 20:41 WIBTEMPO Interactive, Jakarta: The Indonesian Iron and Steel Industry Association has complained to Tempo about three common illegal import practices, during an interview last weekend with Irvan Kamal, vice chairman of the association.
Tue, 16 Jun 2009
Managing the economy: Grasping the notion of `Neorealism'
Any government that gets elected to office will eventually have to deal with the realities of today. Debates about neoliberalism are futile; the relevant issue is: "neorealism".Watching Indonesia's presidential campaigns can be entertaining.
Tue, 16 Jun 2009
Kadin Calls for More Protection
Monday, 15 June, 2009 | 20:58 WIBTEMPO Interactive, Jakarta: The Indonesian Chamber of Commerce (Kadin) has called for more protection for the domestic market to maintain the pace of the economic recovery, citing the importance of market availability.
Mon, 15 Jun 2009
Free trade zone in shackles
Trade Minister Mari Elka Pangestu admitted last week that the implementation of free trade zones on the three Indonesian islands near Singapore - Batam, Bintan and Karimun - is beset with administrative problems and that institutional capacity is inadequate.
Mon, 15 Jun 2009
Sweeping Raids Ahead for Bali's Illegal Villas?
I think sweeping raids are a great plan. Some of those villas could do with smartening up. To whom do I post a broom?
Mon, 15 Jun 2009
Sweeping Raids Ahead for Bali's Illegal Villas?
I guess you could say its a villa that is being rented out on a short terms basis (say under 1 year) and tax not being paid on the income.I know it will be hard but I have come across a lot of privately owned villas that are rented out to tourists.
Mon, 15 Jun 2009
Best Western Hotel Sapta Patala Closed Before it Opens
110-Room Kuta Hotel Ruled an Illegal Structure in Area Reserved for Single Family Residences.(6/13/2009) NusaBali and Bali Post both report that the 110-room Best Western Hotel Sapta Patala on Jalan Kubu Anyar in Kuta now faces a possibly insurmountable obstacle to its eventual opening.
Mon, 15 Jun 2009
Sweeping Raids Ahead for Bali's Illegal Villas?
Bali Villa Association Urges Government to Close Down Unregistered Commercial Villas.(6/13/2009) The Chief of the Bali Villa Association (BVA), Ismoyo S. Soemarlan, is calling on the government to undertake sweeping raids against illegal commercial villas in Bali and close all illegal villas down.
Mon, 15 Jun 2009
Indonesia plans to assess Newmont unit's value
Indonesia plans to appoint an independent appraiser to assess the value of the local unit of Newmont Mining Corp (NEM.N: Quote) in order to speed up a divestiture sale, the energy and mining minister said on Friday.
Sun, 14 Jun 2009
India`s TVS to expand Indonesian motorcycle factory
Jakarta (ANTARA News/Asia Pulse) - India's PT TVS Motor Company Indonesia said it will invest US$40 million this year to expand the capacity of its motorcycle plant in Indonesia.The additional investment will increase its total investment to US$90 million in its factory in Karawang, West Java,...
Sun, 14 Jun 2009
Seventy Chinese bizmen to join RI investment forum
Beijing (ANTARA News) - Some 70 Chinese businessmen from 30 companies have confirmed their participation in an Indonesian Investment Forum to be held in Beijing on June 17, 2009."At least 70 businessmen from 30 companies in China have expressed their confirmation of participation in the...
Fri, 12 Jun 2009
Indonesia's Yudhoyono on course for re-election
Formal campaigning for Indonesia's July 8 presidential election began yesterday with incumbent Susilo Bambang Yudhoyono seemingly on track for victory thanks to the country's robust economy, his clean image and the lack of a credible challenger.
Fri, 12 Jun 2009
Dispute over SEZ study
The government's plan to scrap an enclave concept within the special economic zones (SEZs) is opposed by lawmakers as badly designed and impractical.Lawmakers said Thursday their study on industrial and residential zoning in several areas in the country, particularly Batam Island, revealed poor...
Fri, 12 Jun 2009
Singapore Asked to Join in Combating Smuggling
TEMPO Interactive, Jakarta:Customs and Excises director-general Anwar Suprijadi said his office had asked Singapore to fight the smuggling of goods into Indonesia. Most goods smuggled to Indonesia come from Singapore. “Many kinds of products are smuggled in,” Anwar said in Jakarta yesterday.
Fri, 12 Jun 2009
South Sumatera Speeds Up International harbour Construction
TEMPO Interactive, Palembang: The South Sumatera Government will speed up construction of the international harbour Tanjung Api-Api. The harbour is a strategic entry point for commodities in South Sumatera.
Fri, 12 Jun 2009
Chinese Investors Explore Potential of Ferruginous Sand in Lumajang
Ferruginous Sand in Lumajang. Try inserting that into your next conversation. I dare you.
Thu, 11 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
It does speak volumes. Billiton got its name from Billiton island off Sumatra, since renamed Belitung. Known for tin mining, those wanker brothers Yusril and 'ron (who got voted out of the House hahahahaha), its northern beaches (owned by Tommy and a bunch of Suharto cronies) and Laskar Pelangi, a...
Thu, 11 Jun 2009
Bojonegara International Port Soon to be Operational
TEMPO Interactive, Serang:Bojonegara Trade Industrial Area and Port Project (KIPP) leader, Mulyadi announced that the Bojonegara International Port (PIB) will soon be operational.According to Mulyadi, his office has requested a special permit to the Transportation Department.
Thu, 11 Jun 2009
Basofi Calls For No Malls in Madura
sounds like a business opportunity in madura. if the bureaucrats say don't do it, means it must be prospective!
Thu, 11 Jun 2009
Basofi Calls For No Malls in Madura
TEMPO Interactive, Surabaya:East Java’s former governor Basofi Sudirman has requested that no shopping centers be constructed in Madura Island after the launch of the Suramadu Bridge.“Malls would put traditional markets out of business,” Basofi said, attending the declaration of the East Java...
Thu, 11 Jun 2009
Moody's raises outlook on Indonesia's sov ratings
HONG KONG, June 11 (Reuters) - Moody's changed its outlook on Indonesia's sovereign rating to 'positive' from 'stable' on Thursday, citing the country's 'strong' growth prospects given its reliance on domestic demand and its 'effective' economic policies.
Thu, 11 Jun 2009
Indonesia bridge marks rare infrastructure progress
BANGKALAN, Indonesia (Reuters) - Indonesia officially opened on Wednesday its longest bridge, one of the few major infrastructure projects to be completed in Southeast Asia's biggest economy since the crisis of the late 1990s.
Wed, 10 Jun 2009
Chinese Investors Explore Potential of Ferruginous Sand in Lumajang
TEMPO Interactive, Lumajang:Chinese investors, represented by PT Indo Modern Mining, based in Jember, have almost completed exploring ferruginous sand in an 8.000-hectare area in the Yosowilangun and Kunir sub districts of Lumajang.
Wed, 10 Jun 2009
Utilization of renewable energy in RI long way off
Erwida Maulia, The Jakarta Post, Jakarta Despite its huge potential in renewable energy sources, Indonesia has so far only utilized a very small part of them, with high costs and uncertainty over feasibility among the main problems facing the nascent industry.Verina J.
Wed, 10 Jun 2009
Govt urged to improve transparency
Executives in the property sector have called on the government to improve market openness and legal certainty to allow greater foreign investments in the sector.Alastair Hughes, CEO of international property consultancy Jones Lang LaSalle for Asia Pacific, said greater transparency was "the...
Wed, 10 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
Quoting: Balibobken,.. I think you should come back here and teach these so called journalists a thing or two,.. I know U have tried in the past
Wed, 10 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
ken,.. I think you should come back here and teach these so called journalists a thing or two,.. I know U have tried in the past but this time bring a big stickcheers for the update
Wed, 10 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
Quoting: BalibobI think someone got the biz news very wrong in terms of coal out put and reserves,.. shit our friends at bakrie mined 47 million ton of coal lasy year alone in Indonesia so to have a reseve of 5.4 mill as per the biz news,..
Wed, 10 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
I think someone got the biz news very wrong in terms of coal out put and reserves,.. shit our friends at bakrie mined 47 million ton of coal lasy year alone in Indonesia so to have a reseve of 5.4 mill as per the biz news,..
Wed, 10 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
Quoting: kenyeungWhat about BHP's long-proposed nickel mine on Gag Island off Papua?Answering my own question, BHP abandoned the Gag nickel project last year.BHP Billiton Ends Study Into Integrated Nickel Development In Eastern IndonesiaBHP Press Release13 November 2008BHP Billiton has decided to...
Wed, 10 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
There are rumours that Chewwy PLC has made a hostile bid for PT. Sosro.
Wed, 10 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
Quoting: biznewsAnglo-Australian miner BHP Billiton will pull out of most of its remaining investments in Indonesia, ending its 25-year local presence in mining, transport and in other fields, the company announced on Tuesday.
Wed, 10 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
There are also Rumours that Rio Tinto will start slowing down operations in Indonesia
Wed, 10 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
yes, not many people here will get it, but it is a massive vote of no confidence in the system here, coming from the largest mining company in the world.
Wed, 10 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
wow -- that's big news and speaks volumes
Wed, 10 Jun 2009
E. Java to develop seven industrial sectors in Madura
The East Java Capital Investment Board (BPM) plans to develop seven industrial sectors on Madura Island when the Suramadu bridge, which will connect it to Surabaya, is opened on June 10, The Jakarta Post reported."We see good prospects for the seven sectors.
Wed, 10 Jun 2009
The world's top 15 listed palm oil planters
KUALA LUMPUR, June 9 (Reuters) - Following are the 15largest listed palm planters, ranked by market value. They aremostly located in Indonesia and Malaysia, the top two producersof the vegetable oil.Total plantation holdings are in hectares and include bothcultivated and uncultivated land as well...
Wed, 10 Jun 2009
BHP Billiton to Terminate 25-Year Presence in Indonesia
Anglo-Australian miner BHP Billiton will pull out of most of its remaining investments in Indonesia, ending its 25-year local presence in mining, transport and in other fields, the company announced on Tuesday.Company officials said Indonesian projects were no longer strategic to BHP’s future.
Wed, 10 Jun 2009
Bali booze drought threatens tourism
TOURISTS in Bali may find it harder to find a stiff drink after authorities confiscated thousands of bottles of liquor from some of the holiday island's top hotels, restaurants and bars.Customs officials have seized the booze, from high-end establishments in popular tourist areas like Kuta and Nusa...