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Tue, 09 Jun 2009
Palm oil firm plans 3 more processing plants and refinery
Publicly listed palm oil firm PT Sinar Mas Agro Resources and Technology (SMART) will spend Rp 920b (US$92m) in capital expenditure this year.Smart director Jimmy Pramono said after a shareholders' meeting on Monday that the company was planning to build three new processing plants this year with a...
Tue, 09 Jun 2009
Q2, Q3 economy to see more consumption and investment
Aditya Suharmoko, The Jakarta Post, JakartaIndonesia’s economy in the next six months will be supported by strong consumption and more investment, acting Coordinating Minister for the Economy Sri Mulyani Indrawati says.
Tue, 09 Jun 2009
RI infrastructure still lagging: Survey
Infrastructure in Indonesia remains a crucial problem hampering growth, the government admitted recently in response to an assessment conducted by the Swiss-based International Institute for Management Development (IMD).
Tue, 09 Jun 2009
Investment to recover in 2Q, 3Q: Minister
Aditya Suharmoko, The Jakarta Post, JakartaInvestment is estimated to recover in the second and third quarters of this year, as indicated by the recent increases in capital inflows, Finance Minister Sri Mulyani Indrawati said Monday."Investment, which in the first quarter only rose 3.
Tue, 09 Jun 2009
The tale of the `Emerald of the Equator'
Magda Safrina , Massachusetts Indonesia, the "Emerald of the Equator". That's the latest Indonesian tourism campaign, launched early in 2009. The tale of the land of Gods and Goddesses; the tale of islands with singing coconut trees; or the tale of sailors in the Phinisi - these are...
Tue, 09 Jun 2009
Ministries Square Off Over Meat Shipments
From The Jakarta GlobeAgriculture Ministry Finally Releases Imported Meat Held at Portby Dian AriffahmiThe Agriculture Ministry on Monday instructed quarantine officials to release more than 100 containers of imported meat that had been held at the Tanjung Priok port for nearly three weeks,...
Tue, 09 Jun 2009
International Label on Hospital Should be Based on Investment
TEMPO Interactive, Jakarta:The Health Department has determined that the label international on hospitals must be based on the value of foreign investment in the hospital concerned. The Health Department’s Medical Services Management Directorate General secretary, Mulya Hasmi, said hospitals...
Mon, 08 Jun 2009
Govt Chewing Over Food Plantation Rule
The Ministry of Agriculture plans to change land use and limit foreign ownership in a new regulation on staple food production outside the island of Java, a senior ministry official said.Sutarto Alimoeso, the ministry’s director general of food crops, said the revisions - necessary to reduce the...
Mon, 08 Jun 2009
Bali BYOB
Bali's Lawmakers and Businessmen React Strongly to Customs and Excise Raids as Island Runs Short of Grog.(6/7/2009) Sweeping raids conducted by Customs and Excise officials (Bea Cukai) against Bali hotels and restaurants are being roundly criticized as heavy-handed and misguided by tourism...
Mon, 08 Jun 2009
Global Recession be Damned! Bali Arrivals are Growing
Bali by the Numbers: Arrival Numbers Grow as Australia Displaces Japan as Bali's Top Source Market for Foreign Visitors.(6/6/2009) Foreign tourist arrival to Bali in April 2009 totaled 179,879 representing the best April on record for Bali tourism and 21.94% improvement over April 2008 (147,515).
Mon, 08 Jun 2009
China to hold business seminars in Indonesia
Delegates from China Secretariat for ASEAN Expo (CAEXPO) will hold a series of seminar in Indonesia aims at luring local companies to participate in the upcoming trade and industrial exhibition in Nanning, China.Kompas.
Sun, 07 Jun 2009
Ministries Square Off Over Meat Shipments
Quoting: KuKuKaChuMinister Keeps the Freeze on Port Beefby Dian AriffahmiWith the presidential election and the end of his term looming, Agriculture Minister Anton Apriyanto seems to believe that he alone has the right to decide what meat is halal and what meat isn’t, no matter what the...
Sat, 06 Jun 2009
Ministries Square Off Over Meat Shipments
Minister Keeps the Freeze on Port Beefby Dian AriffahmiWith the presidential election and the end of his term looming, Agriculture Minister Anton Apriyanto seems to believe that he alone has the right to decide what meat is halal and what meat isn’t, no matter what the Indonesian Council of...
Sat, 06 Jun 2009
Palm Oil Declines on Volatility Fears
Singapore. Palm oil futures in Malaysia fell a fourth day on speculation that prices may be volatile over the next few years as fertilizer costs affect planters.“Fertilizer prices could be the next major indirect determinant of crude palm oil prices,” said Hoe Lee Leng of RHB Research Institute...
Sat, 06 Jun 2009
No furniture recovery yet
The Jakarta Post , Jakarta Players in the furniture and crafts industry still see gloomy prospects for the coming months as signals on possible recovery still remain over the horizon, an association says.
Sat, 06 Jun 2009
Carrefour Workers In Yogyakarta Continue Strike
TEMPO Interactive, Jakarta: Workers at French retailer Carrefour in Yogyakarta continue their strike for a second day on Saturday (6/6) to demand better pay rise. Over 100 worker join the strike on Saturday affecting the retailer operation for two days since Friday.
Fri, 05 Jun 2009
Ministries Square Off Over Meat Shipments
Classic RI. The right hand not knowing a dicky bird what the left is doing.
Fri, 05 Jun 2009
Ministries Square Off Over Meat Shipments
readers may find it useful to know that the Indonesian for "moron" is pandir.strangely, nay, amazingly, it's not a word used often by Indonesians.
Fri, 05 Jun 2009
RI regrets Minesotta`s decision to ban palmoil-based biodiesel
Jakartan (ANTARA News) - The Indonesian government regrets the decision of the US State of Minnesota to ban the use of biodiesel made of palmoil as of June 1, 2009 for environmental reasons, a minister said.
Fri, 05 Jun 2009
Ministries Square Off Over Meat Shipments
In what is fast becoming a “Tale of Two Letters,” 200 containers of beef are still impounded at Tanjung Priok port despite an order from the Coordinating Ministry for the Economy demanding their release.
Fri, 05 Jun 2009
Administration to take over abandoned, mismanaged lands
A council tasked with taking care of special economic zone affairs in Batam, Bintan and Karimun will take over plots of abandoned land that belong to companies affiliated with former president Soeharto.
Thu, 04 Jun 2009
Importers Slam Beef Debacle at Tanjung Priok
An estimated 200 containers of frozen beef imported from Australia and New Zealand have been stuck in Tanjung Priok port for nearly two weeks for reasons that nobody appears able to define, frustrated importers have complained.
Thu, 04 Jun 2009
11 foreign investment projects approved in Batam in April
Batam (ANTARA News) - The Investment Coordinating Board (BKPM) in April approved 11 foreign investment proposals worth US$6.55 million in Batam island, an official said.The agency also approved two expansion projects worth US$4.
Thu, 04 Jun 2009
Competitors behind palm oil slurs: industry boss
JAKARTA (Reuters) - Western countries are using climate change as an excuse to constrain palm oil production in Asia because it competes with Western business interests, Indonesia's palm oil industry chief said on Wednesday.
Thu, 04 Jun 2009
Forest carbon market already shows cracks
LONDON/NUSA DUA, Indonesia (Reuters) - It could save the rainforests of Borneo, slow climate change and the international community backs it. But a plan to pay tropical countries not to chop down trees risks being discredited by opportunists even before it starts.
Thu, 04 Jun 2009
Foreign Fund Inflows to Continue: Central Bank
Bank Indonesia is optimistic that foreign capital will continue to flow into the country, as foreign investors put their money into domestic stocks and bonds and help the country’s bourse and currency strengthen further.
Thu, 04 Jun 2009
FIABCI calls for foreign ownership of property
FIABCI, the International Real Estate Federation, has thrown its weight behind persistent calls for the government to allow foreign ownership of property in the country, as Indonesia would be an attractive market.
Wed, 03 Jun 2009
Japan offered to invest in Indonesia`s agro industry
Tokyo (ANTARA News) - Indonesian Ambassador to Japan Jusuf Anwar said Indonesia continued to make efforts to lure Japanese investors, particularly in the agro-industrial sector, in order to balance its investment in the electronic and automotive industries.
Wed, 03 Jun 2009
Customs and excise office grants Rp 74b import duty exemption
The customs and excise office has granted Rp 74.86 billion worth requests of import duty exemption as part of the government's policy to ease burden of businesses amid the global financial turmoil."As of June 1, we have received 26 requests," director of customs facility Kusdirman...
Tue, 02 Jun 2009
Wiranto To Renegotiate Contracts With Foreign Corporations
Quoting: flingwingA political commercial on Metro TV just a few minutes ago had J. Kalla talking about how foreigners had helped build the airports in JKT and Surabaya. However, he said that in his hometown of Makassar, <cut to photo Makassar airport overlaid with text [kira2] "Orang Asing...
Tue, 02 Jun 2009
Wiranto To Renegotiate Contracts With Foreign Corporations
A political commercial on Metro TV just a few minutes ago had J. Kalla talking about how foreigners had helped build the airports in JKT and Surabaya. However, he said that in his hometown of Makassar, <cut to photo Makassar airport overlaid with text [kira2] "Orang Asing tidak Boleh Ikut...
Tue, 02 Jun 2009
Wiranto To Renegotiate Contracts With Foreign Corporations
Quoting: Derek Gratis...and is thus a sad indictment of our neo colonialist global economy.Uh-uh. It's closer to being a condition statement for the earth. It's a predatory universe we live in. The strong eat the weak.
Tue, 02 Jun 2009
Carrefour Rejected in Purbalingga
TEMPO Interactive, Purbalingga: Purbalingga Regent, Triyono Budi Sasongko, has refused to have the giant retail company Carrefour in Purbalingga.“Carrefour asked for permission to open a branch at a former traditional market site.
Tue, 02 Jun 2009
Businessmen Demand Revision of Free Trade Zone Regulations
TEMPO Interactive, Batam:Bintan’s Indonesian Businessmen Association chairman, Yamin Hidayat, said bureaucracy at the free trade zone/FTZ in Batam, Bintan, and Karimun has hindered economic growth. The regulations, for example, have given additional costs to businessmen due to the slow processing...
Mon, 01 Jun 2009
CPO Producers Say Green Efforts Not Paying Off
It seems that the European preference for green products only goes so far.While many palm oil plantations and farmers are struggling to get certificates proving their palm oil is produced in a sustainable manner, others that have the certificates are complaining that buyers in Europe don’t want...
Mon, 01 Jun 2009
Inconsistent policies keep investors away
The status of Batam, Karimun and Bintan as being among the country’s top investment destinations is under threat as inconsistent regulations are eroding its competitiveness, say businesses.Declining competitiveness has actually been evident for several years and has not been improved by the...
Mon, 01 Jun 2009
Indonesia's LNG industry and upcoming gas projects
JAKARTA, June 1 (Reuters) - Indonesia, the world's third-biggest liquefied natural gas (LNG) exporter, is due to begin delivery from the Tangguh project in Papua in late June, helping offset falling output in other ageing fields.
Mon, 01 Jun 2009
Wiranto To Renegotiate Contracts With Foreign Corporations
Quoting: chewwyUK"We will renegotiate contracts with foreign corporations operating in the country and in the future corporations should not give no benefit to the people or at least must divide their profit equally," he said.
Mon, 01 Jun 2009
Wiranto To Renegotiate Contracts With Foreign Corporations
"We will renegotiate contracts with foreign corporations operating in the country and in the future corporations should not give no benefit to the people or at least must divide their profit equally," he said.Well thats one way to ensure that no foreign investment is made in Indonesia.
Sun, 31 May 2009
Government to Simplify Liquor Import and Distribution
Fight Predicted Ahead as Government Department Seek to Retain Lucrative Power Base.(5/30/2009) Bisnis Indonesia reports that the Indonesian Department of Trade is in the process of revising regulations pertaining to the import of alcoholic beverages.
Sun, 31 May 2009
Wiranto To Renegotiate Contracts With Foreign Corporations
Bengkulu (ANTARA News) - Vice presidential candidate Wiranto said here on Saturday that Jusuf Kalla and him would renegotiate contracts with foreign corporations if they won the election later on July 8.
Sun, 31 May 2009
Govt urged to review fish export restrictions
Jakarta (ANTARA News) - The Indonesian Fishery Businesses Association (Gappindo) has expressed hope that the government would review its export restriction policy on certain types of fish products.Gappindo general chairman Herwindo said here on Saturday that the large number of species of fish...
Sun, 31 May 2009
Indonesian Garment Exports Down 0.8 Pct
Jakarta (ANTARA News) - Indonesian garment exports have dropped around 0.8 percent due to the impact of the financial crisis in the US, the executive director of Textile Indonesia, Retmo, said here on Saturday.
Sat, 30 May 2009
VW Touran MPV to be assembled in Indoneisa
JAKARTA, May 29, 2009 (AsiaPulse via COMTEX) A multi purpose vehicle (MPV) Volkswagen model will be assembled in Indonesia by a local car maker.PT Garuda Mataram Motor (GMM), a subsidiary of the Indomobil Group will use one fifth of its 5,000 car assembling capacity to produce 1,400 cc VW Touran...
Sat, 30 May 2009
Palm oil could scuttle forest carbon plan: experts
NUSA DUA (Reuters) - Carbon credits derived from a fledgling forest conservation scheme for developing nations will struggle to compete with palm oil as an investment, industry advisers and conservationists said on Friday.A U.N.
Sat, 30 May 2009
Official Says Medium-Term Outlook For Palm Oil ‘Bullish’ on Supply Issues
The outlook for palm oil prices is “bullish,” underpinned by higher demand in India and China, lower inventories and drought in Argentina hurting global vegetable oil supplies, according to an industry executive.
Sat, 30 May 2009
Palm Oil E-Trading Will Begin on June 28
The government will launch electronic trading of crude palm oil on the Jakarta Futures Exchange on June 28, with an aim to become the world’s global reference price for CPO and its derivatives. The new market, envisioned as the first step to include futures trading and other indexes, will use the...
Sat, 30 May 2009
Private Sector Invited to Establish Gas Infrastructure in Cities
TEMPO Interactive, Jakarta:The government has called on private companies to invest in building infrastructure for gas in the cities. The government will initiate with the basic infrastructure.“We hope that private companies will join later,” said Energy and Mineral Resources Minister Purnomo...
Sat, 30 May 2009
Investments and Export-Imports are Biggest Challenges in Economic Growth
TEMPO Interactive, Jakarta:The government has concluded that efforts to prevent investments from plummeting and to put export-imports back to the level they were previously in, are the biggest challenges in maintaining positives trend in economic growth.