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Tue, 23 Oct 2007
Cosmetics companies feel pinch as ladies tighten purse strings
Blessed with many friends in this country, my own experience tells me that Indonesian women have a distinctive ability to turn on the charm, changing situations and altering outcomes with a smile, a look and the unsaid word.That's not a generalization, even if it sounds like one.
Tue, 23 Oct 2007
Indonesia says Temasek breaking competition law
Jakarta (ANTARA News) - Indonesia's competition authority announced Monday that state-linked Singapore investment firm Temasek Holdings has broken the law relating to its ownership of two Indonesian mobile phone carriers.
Tue, 23 Oct 2007
Indonesia Slightly Miss Palm Oil Target – Minister
Indonesia forecast that it would miss a target for output of palm oil this year because of dry weather, exacerbating a shortage of the commodity that has helped drive the price to a record.“Last year, our production was around 16 million tons and this year the prediction was 17, but because of...
Tue, 23 Oct 2007
Dubai’s Limitless Eyes $1.7b Project
Limitless, a real estate arm of Dubai World, is looking to develop a mixed-use project in Jakarta at an estimated development cost of $1.7 billion.The company may invest about Rp2 trillion ($220 million) for a 30% stake in PT Bakrie Swasakti Utama, a unit of property developer PT Bakrieland...
Tue, 23 Oct 2007
Riau Islands Expects $5b Investment Over 5 Years
Riau Islands hopes to attract up to $5 billion in new foreign investment over the next five years after parliament passed a bill turning the area into a free trade zone, its governor said Wednesday (17/10/07).
Tue, 23 Oct 2007
Moody's Upgrades Ratings
Moody's Investors Service upgraded Indonesia's credit ratings on Thursday (18/10/07), citing progress in cutting its debt and ample foreign exchange reserves and trade surplus, which offer buffers against external shocks, Dow Jones Newswires reported.
Mon, 22 Oct 2007
Spiritual Tourism for Bali
Minister Wacik Sees Strong Future for Spiritual Tourism in Bali.Bali News: Spiritual Tourism for Bali(10/20/2007) Republika On-Line reports that the Minister of Culture and Tourism, Jero Wacik has identified spiritual tourism as a key product for Bali's future.
Mon, 22 Oct 2007
Population Pressures in Bali
Population Pressures in BaliBali’s Planning Experts say Population Density is 50% Higher than Ideal Levels.Bali News: Population Pressures in Bali(10/20/2007) The Bali Post reports that Bali is becoming increasingly over-populated.
Mon, 22 Oct 2007
State Power Board Says Bali Power Grid is Under Severe Strain
State Power Board Says Bali Power Grid is Under Severe Strain.(10/21/2007) Bali is facing a growing threat of severe power shortages following the loss of 130 megawatts from the Bali power grid.Wayan Redika, a spokesman for the Bali State Power Board (PLN-Bali) said the power shortage dates from...
Mon, 22 Oct 2007
Surabaya to host regional investment promotion expo
The Investment Coordinating Board (BKPM) will hold a regional investment promotion expo in Surabaya this week, the second such regional event this year in which all 33 provinces will showcase their respective business and investment potentials.The expo, which will be held on Oct.
Mon, 22 Oct 2007
Air-con makers get ready for battle
Air conditioner sales are influenced heavily by the desire to lead a healthy life, Indonesian manufactures say.With global warming gradually causing the temperature to rise, it would be fair to assume that people generally purchased air conditioners to cool themselves down.
Mon, 22 Oct 2007
New bills leave Batam Authority's future in doubt
Set up under former president Soeharto back in the 1970s to help speed up the development of industrial complexes on Batam Island in Riau Islands province, the Batam Authority body is now at a crossroads.The body is facing a doubtful future.
Mon, 22 Oct 2007
Governments Targets Self-Sufficiency in Beef by 2010
TEMPO Interactive, Jakarta: The Director General of Husbandry at the Agriculture Department, Tjeppy Daradjatun, is targeting self-sufficiency in beef by 2010.We actually have the potential,” he said last week.
Sun, 21 Oct 2007
Jakarta to host largest ever trade expo
Jakarta is gearing up to host the country's largest ever trade fair, in which more than 960 local businesses and 3,000 potential international buyers will participate, a top official said.The 2007 Indonesian Trade Expo (ITE), scheduled to run from Oct.
Sun, 21 Oct 2007
Indonesia migrant workers score big
Indonesian migrant workers continue to make major contributions to the country's economy through their remittances home.During the second quarter, migrant workers sent home US$1.5 billion, a 5.4 percent increase from the same period last year, according to Bank Indonesia.
Sun, 21 Oct 2007
RI investors confident over economy, ING survey says
Indonesian investors are on par with their top regional peers in terms of perception of a better economy ahead, where they can expect higher returns for their investments, a regional survey has revealed.
Sat, 20 Oct 2007
Bali earns US$41 mln from tuna exports
Denpasar, Bali (ANTARA News) - Bali earned a total of US$41 million from tuna exports from January to August 2007, a sharp increase from the US$24.7 million it gained during the same period last year.The value of fresh and frozen tuna exports during the eight- month period in 2007 had surged by 66...
Sat, 20 Oct 2007
Indonesia may miss 17 mln tonne palm oil target
Jakarta (ANTARA News) - Dry weather means Indonesia may miss its target of producing 17 million tonnes of palm oil this year, but it is still on track to overtake Malaysia as the world's top producer, the trade minister said on Friday.
Fri, 19 Oct 2007
Total of Indonesian Rich People Soars
TEMPO Interactive, Jakarta: The growth in the total of rich people in Indonesia is the third highest in the Asia Pacific region.The results of a survey by Merrill Lynch and Capgemini, entitled Asia-Pacific Wealth 2007, was released in Hong Kong on Tuesday (16/10) and stated that Indonesia's number...
Wed, 17 Oct 2007
Yamaha motorcycle sales up 29%
Jakarta (ANTARA News) - Motorcycle maker PT Yamaha Motor Kencana Indonesia (YMKI) said its domestic sales in the first nine months of 2007 rose 29 percent to 1.5 million units compared to the same period last year.
Wed, 17 Oct 2007
Batam to turn Rempang, Galang islands in to main FTZ
Batam (ANTARA News) - The Batam city administration is set to turn the two nearby islands of Rempang and Galang into a main zone in implementing the planned free trade zone (FTZ) scheme in Batam."The city administration will submit a draft regulation to amend Bylaw No.
Sat, 13 Oct 2007
Some RI businesses unsure of benefits of liberalization
While national leaders at the World Trade Organization (WTO) are haggling over a trade liberalization scheme under the Doha Development Agenda (DDA) framework, some businesses in Indonesia are still unaware of the benefits of liberalization, a forum has been told.
Thu, 11 Oct 2007
Tapping a gas gusher in Indonesia
JAKARTA – After a series of environmental, funding and supply contract problems, surging regional demand has given new impetus to Indonesia's US$6.5 billion Tangguh liquefied natural gas (LNG) project, which with 14 trillion cubic feet of proven reserves represents one of the largest gas fields...
Thu, 11 Oct 2007
Banten refinery project left in lurch after Iran reneges on oil supplies
Ika Krismantari, The Jakarta Post, JakartaState-owned oil and gas firm Pertamina is seeking crude oil supplies from other oil producing countries to feed its refinery project in Banten.Pertamina director of refining Suroso Atmomartoyo said here Monday evening that the decision was taken following...
Thu, 11 Oct 2007
House passes govt regulation on Batam Free Trade Zone into law
"20 major corporations for Rp17 trillion investment which they said could create 30,000 jobs." Then i really have to question why "former president Megawati Soekarnoputri-led PDIP faction disapproved the decision.
Wed, 10 Oct 2007
House passes govt regulation on Batam Free Trade Zone into law
Jakarta (ANTARA News) - The House of Representatives passed Government Regulation in lieu of Law (Perpu) on a Free Trade Zone (FTZ) in Batam, Bintan and Karimun islands in Kepulauan Riau (Kepri) province into a law at a plenary meeting here Tuesday.
Wed, 10 Oct 2007
Govt urges Indosat to hasten construction of fixed network
Jakarta (ANTARA News) - Director General of Post and Telecommunications Basuki Yusuf Iskandar has urged Indosat to step up the construction a CDMA fixed and local network in Indonesia in securing telephone subscribers of network.
Wed, 10 Oct 2007
CPO Black Campaign Will Not Affect Production
TEMPO Interactive, Jakarta: Executive Director of the Indonesian Palm Oil Board, Rosediana, said the black campaign being carried out by several non-governmental organizations (NGOs) in London, England, on palm oil does not much affect the commodity’s production rate.
Mon, 08 Oct 2007
RI remains among best places to do business: Ex-minister
"For investors who can assess risks well, Indonesia is one of the best places to do business in Asia," Rizal said."lol.......absolute classic!
Sun, 07 Oct 2007
RI remains among best places to do business: Ex-minister
Although Indonesia has not yet fully recovered economically or politically from its 1998 crisis, the country remains among the best places in the region to do business, former minister Rizal Ramli said.
Sun, 07 Oct 2007
Government moving ahead with Riau FTZ plans
The government will set up a supervisory council and management agencies to oversee and manage free trade zones (FTZs) on Batam, Bintan and Karimun islands, as soon as the House of Representatives officially clears the legal basis for the concept.
Sat, 06 Oct 2007
Charoen Phokphand to build DOC industry in W Sumatra
Padang, West Sumatra (ANTARA News) - Agro-food company PT Charoen Phokphand has set itself the target of building a day-old-chick (DOC) industry in West Sumatra early next month at a cost of more than Rp75 billion, an official said.
Sat, 06 Oct 2007
PT BAT investing $11.2 million in coal mining in S. Kalimantan
Muara Teweh, Central Kalimantan (ANTARA News) - PT Bahtera Alam Tamiang (BAT) has earmarked US$11.2 million for investment in a coal mining project and a supporting facilities development program in North Barito (Barut) district, a spokesperson said.
Sat, 06 Oct 2007
Semen Gresik to build 400 MW coal-fired power plants
Surabaya, E Java (ANTARA News) - Publicly-listed cement maker PT Semen Gresik Tbk is planning to build low calorie coal-fired power plants with a combined capacity of about 400 megawatts to meet power demand from its three plants.
Fri, 05 Oct 2007
House looks set to pass FTZ law
Despite a potential conflict with existing regulations, most factions at the House of Representatives on Thursday approved an emergency law on a free trade zone (FTZ).Eight of the 10 factions in the House, including the Golkar Party faction which holds the most seats in the body, decided to side...
Fri, 05 Oct 2007
Confusion reigns over franchise ruling as players seek loopholes
The recently issued government regulation on franchising will hurt the industry with its difficult and sometimes unreasonable requirements, forcing some business players to look for "legal loopholes", an association says.
Thu, 04 Oct 2007
BI: Realistic 2008 Economic Growth 6.5 Percent
TEMPO Interactive, Jakarta: Bank Indonesia (BI) considers that a realistic target for next year’s economic growth is 6.5 percent.Miranda S. Goeltom, BI’s Deputy Senior Governor, said that the target for next year’s economic growth must take several matters into account.
Thu, 04 Oct 2007
House seen avoiding vote on FTZ
Despite mounting differences of opinion over the government's decision to use a regulation in lieu of law (emergency regulation) to expedite the establishment of free trade zones, the factions in the House of Representatives appear determined to approach the issue consensually, rather than putting...
Wed, 03 Oct 2007
Qatar-based telco sees high growth prospects in Indonesia
Qatar Telecom, or Qtel as it is familiarly known, one of the Gulf region's largest telecommunications operators, sees Indonesia as being among three potentially high growth markets in Asia-Pacific for its telecommunications services.
Wed, 03 Oct 2007
Office space migrating south, far from the madding crowd
There's a new trend taking place in Jakarta: more office space is being constructed outside the CBD than ever before.The size of the Jakarta office market continues to grow. According to Procon data, the available office space grew 4.2 percent in the second quarter of this year to some 5.
Wed, 03 Oct 2007
Palm oil tax hurts export performance
The latest figures from the Central Statistics Agency (BPS) show that the government's attempts to control cooking oil prices by hiking the export duty on crude palm oil may finally be bearing fruit, albeit at the expense of the country's exports.
Wed, 03 Oct 2007
Bali to host fashion week in November
DENPASAR (Antara): Bali will host Fashion Week 2007 in Kuta next November, a spokesperson for the event's organizers said Tuesday.This year's event will focus on local participants without neglecting foreign buyers, chairwoman of the event's organizing committee Mardiana Ika said after a meeting...
Tue, 02 Oct 2007
Massive Bridge to Connect Java, Sumatra
Sunda strait bridge construction follow experts` theories: Lampung governorBandarlampung (ANTARA News) - Lampung Governor Sjachroedin ZP said the plan to build the Sunda Strait Bridge linking Java and Sumatra islands, including its passableness by big ships, had already been calculated...
Tue, 02 Oct 2007
Franchisees wants more govt help
The owners of businesses operated under franchises say they are grateful for the recent publication of the much anticipated new Franchise Regulation, but say that it is not enough to support optimal growth in the industry.
Tue, 02 Oct 2007
Pertamina expects lower margins to hit net profit
State-owned oil and gas firm PT Pertamina expects its net profit to drop by 18 percent to Rp 17 trillion (US$1.8 billion) next year on the back of the lower margin it will receive from the distribution of state subsidized fuels.
Tue, 02 Oct 2007
PLN to put Sumatra and Java power transmission projects out to tender
State power utility PT Perusahaan Listrik Negara (PLN) plans to invite bids early next year for the development of the Sumatra and Java power transmission networks, a company executive says.Herman Darnel Ibrahim, PLN transmission and distribution director, said over the weekend that the company was...
Tue, 02 Oct 2007
Jakarta to foster investment cooperation with New South Wales
Jakarta (ANTARA News) - The Jakarta administration was expected to foster investment and trade cooperation with Australia`s state of New South Wales in the framework of sister city cooperation, Jakarta Deputy Vice Governor Fauzi Bowo said here Monday.
Tue, 02 Oct 2007
Govt. to Review PSCs, Threatens to Terminate Some
The government will extend the term of some of the 15 production sharing contracts facing expiry after 10 years if they do not submit a development plan by the end of 2007, Oil and Gas Director General at the Energy and Mines Ministry, Luluk Sumiarso, said Wednesday (26/9/07).
Tue, 02 Oct 2007
Oil Stake for Domestic Companies Mooted
Indonesia may require oil and gas explorers to set aside 10% of new developments to domestic companies in addition to the 10% given to provincial governments.The government is considering applying the ruling to new contracts as well as extensions to existing projects, Bloomberg quoted Kardaya...
Tue, 02 Oct 2007
Dutch Company Looks at Seedlings Industry
A Dutch multinational company is seeking an opportunity to invest in Indonesia’s horticultural seedling industry, an Agriculture Department official said on Monday (24/9/07).The company wants to invest in an industry producing vegetable and fruit seedlings, Director General of Horticulture Achmad...