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Wed, 13 Oct 2010
Indonesia's Sept motorcycle sales rise 14 pct y/y
JAKARTA Oct 12 (Reuters) - Indonesia's motorcycle sales, an indicator of consumer demand in Southeast Asia's biggest economy, rose 14 percent from a year ago to 479,240 units in September, slower growth than seen earlier this year, industry data showed on Tuesday.
Wed, 13 Oct 2010
RI manufacturing industry grows by 4.3% in Q2
The Industry Ministry says that the country's manufacturing industry grew by 4.3 percent in the second quarter of the year compared to the same period last year, thanks to the steady performance of non-oil and gas manufacturing sector.Industry Minister M.S.
Wed, 13 Oct 2010
Other Indonesian Products in Danger
VIVAnews - Indonesia-based world's largest instant noodle manufacturer, Indofood Sukses Makmur, is under a spotlight after its famous product Indomie is alleged of containing hazardous materials. A national businessman, Rahmat Gobel, viewed that the product has been victimized from the global...
Wed, 13 Oct 2010
Indonesia's Indosat eyes $1.4 bln tower sale -sources
JAKARTA, Oct 12 (Reuters) - PT Indosat (ISAT.JK), Indonesia's No. 2 mobile phone provider, may sell up to 14,000 telecom towers worth about $1.4 billion in coming months, three sources with direct knowledge of the matter said on Tuesday.
Wed, 13 Oct 2010
Hankook to invest $1.2 bln in tyres in Indonesia
JAKARTA Oct 12 (Reuters) - South Korea's Hankook Tire (000240.KS) will invest $1.2 billion in the tyre industry in Indonesia, part of a wave of increasing Asian foreign direct investment in Southeast Asia's biggest economy.
Wed, 13 Oct 2010
C Sulawesi`s Tolo Bay to Become seaweed development center
Palu, Central Sulawesi (ANTARA News) - Central Sulawesi province will turn Tolo Bay into a seaweed development center, local maritime and fisheries office spokesman Hasanuddin Atjo said here on Tuesday.
Wed, 13 Oct 2010
Japan to develop six economic corridors in RI
Jakarta (ANTARA News) - Japan is expected to develop six economic corridors as part of its efforts to increase its investment in Indonesia, Chief Economic Minister Hatta Radjasa said.The minister said here on Tuesday that he would discuss with Japan its plan to develop the six economic corridors...
Tue, 12 Oct 2010
Lippo Karawaci Enjoys Surge in Profit as Residential Sales Drive Strong Growth
Jakarta. Lippo Karawaci, the nation’s biggest property company, projected 35 percent growth in net profit this year to Rp 524 billion ($58.69 million), following a healthy financial performance in the third quarter, it said on Monday.
Tue, 12 Oct 2010
RI, Turkey to double bilateral trade by 2013: minister
Jakarta (ANTARA News) - Indonesia and Turkey are to boost their bilateral trade and double its value in the next few years, Coordinating Minister for Economic Affairs Hatta Rajasa said.The value of Indonesia-Turkey trade was now recorded at two billion US dollars per year but it will be increased...
Tue, 12 Oct 2010
Seaweed processing plant needed in Southeast Sulawesi
Kendari (ANTARA News) - Southeast Sulawesi`s provincial government is planning to build a seaweed processing plant, local maritime and fisheries office spokesman Abdul Salam said on Monday."We are planning to build seaweed processing factory in a bid to step up regional revenue," Abdul...
Tue, 12 Oct 2010
Kendari`s maritime, fishery service managing Rp4.54 billion
Kendari, SE Sulawesi (ANTARA News) - The Maritime Affairs and Fisheries Service (DPK) of Kendari, Southeast Sulawesi, is managing a budget for 2010 amounting to Rp4.54 billion, the local DKP head said."This budget consisted of Rp2.3 billion from the special fund allocation (DAK), Rp717.
Tue, 12 Oct 2010
Gorontalo needs more infrastructure to attract investors
Gorontalo (ANTARA News) - The regional government of Gorontalo said that the lack of infrastructure facilities affected the realization of investment in the province, a regional government official said.
Mon, 11 Oct 2010
Entrepreneurs Ask Government for Tax Break
Jakarta. In order to boost the competitiveness of small and medium enterprises, the Indonesian Young Entrepreneurs Association has urged the government to waive the value-added tax for many SMEs with turnover up to Rp 2.5 billion ($280,000) annually.
Mon, 11 Oct 2010
Bangka Barat district to develop three tourism objects
Muntok, Babel (ANTARA News) - Bangka Barat district administration in Bangka-Belitung (Babel) province is currently developing three tourism objects in the area."With their appealing natural beauty, the three tourism objects namely Batu Rakit Beach, Menumbing rest house, and Dendang Hot Spring...
Mon, 11 Oct 2010
CPO-based industry wishes to expand European market
Jakarta (ANTARA News) - PT Megasurya, a CPO-based consumer goods industry, planned to expand the market in the European Union with an export growth of 30 percent.It made the pan following the obtainment of a Roundtable Sustainable Palm Oil (RSPO) certificate in July this year.
Mon, 11 Oct 2010
Vietnamese firm to invest in RI fishery sector
Hanoi (ANTARA News) - A Vietnamese company is conducting a feasibility study as part of efforts to invest in the fishery sector in the Indonesian province of Riau Islands, an envoy said."The company has contacted BKPM (Investment Coordinating Board) as part of its intention to invest in the...
Mon, 11 Oct 2010
India signs FTA with Indonesia
India has implemented a free trade pact with Indonesia that slashes import duties on thousands of products, like seafood, chemicals and apparel. This takes the FTA with the 10-nation Asean bloc a step further. In turn, Indonesia would also slash import duties on Indian goods.
Sun, 10 Oct 2010
Japan takes stake in Indonesia’s future
For decades, Indonesia enjoyed a simple economic relationship with Japan. The poor, resource-rich country exchanged oil, gas and other commodities for cash, while fuelling the advanced manufacturing sector of its wealthy Asian neighbour.
Sun, 10 Oct 2010
Reformists lose hope for Indonesia
JAKARTA - The vaunted Reformasi era of democratic change in Indonesia is coming to a dead end under President Susilo Bambang Yudhoyono's leadership, if his candidate for police chief is any indication, activists say.
Sat, 09 Oct 2010
RI becoming more attractive to international business
Jakarta (ANTARA News) - Indonesia is becoming more attractive to international business as its players increasingly trust this country`s stability and good prospects fuelled as they are by consistent year-on- year growth.
Sat, 09 Oct 2010
Lion Air builds US$40 M hangar in Manado
Jakarta (ANTARA News) - Indonesia`s largest private airline companies, Lion Air, is building a hangar complete with maintenance, repair and overhaul facilities worth US$40 million in Manado, North Sulawesi.
Sat, 09 Oct 2010
CPO-based industry wishes to expand European market
Jakarta (ANTARA News) - PT Megasurya, a CPO-based consumer goods industry, planned to expand the market in the European Union with an export growth of 30 percent.It made the pan following the obtainment of a Roundtable Sustainable Palm Oil (RSPO) certificate in July this year.
Fri, 08 Oct 2010
Aceh to intensify tourism promotion
Banda Aceh, Aceh Province (ANTARA News) - Aceh Province will intensify promotion of its tourist objects by launching Visit Banda Aceh Year 2011.Culture and Tourism Minister Jero Wacik is expected to launch Visit Banda Aceh Year 2011 on October 19, 2011, according to Reza Fahlevi, head of the Aceh...
Fri, 08 Oct 2010
Kadin supports East Java-West Australia sister province cooperation
Surabaya, East Java (ANTARA News) - East Java`s Indonesian Chamber of Commerce and Industry (Kadin) fully supports a "Sister Province" cooperation between East Java and Western Australia."The cooperation has a positive impact on both sides, especially the increase in East Java...
Fri, 08 Oct 2010
Japan, Korea eying tuna processing industry in Kulonprogo
Yogyakarta (ANTARA News) - Japan and South Korea are interested in setting up a tuna processing factory in Kulon Progo district, Yogyakarta."The two countries have sent their teams to explore the possibility of investing in a tuna processing factory in Kulon Progo district," Yogyakarta`s...
Fri, 08 Oct 2010
Indonesian gov't must manage heavy capital inflow well: economist
JAKARTA, Oct. 7 (Xinhua) -- The Indonesian government must manage recent heavy capital inflow to the country well, considering that parts of it are hot money that could fly away anytime, posing danger for economy, a bank executive told Xinhua in an exclusive interview on Thursday.
Fri, 08 Oct 2010
RI urged to enhance trade relations with Taiwan
Jakarta (ANTARA News) - Indonesia has been urged to maintain and even enhance economic and trade relations with Taiwan despite its ever stronger economic relations with the People`s Republic of China."We need to make a distinction between economic and political matters as the two (China and...
Fri, 08 Oct 2010
Govt to boost oil output to achieve target
Jakarta (ANTARA News) - The government will boost its oil production in an effort to meet the assumption as set in the 2010 revised budget at 965,000 barrels per day, a cabinet minister said.Minister of Energy and Mineral Resources Darwin Saleh said here on Thursday that his side would hold a...
Thu, 07 Oct 2010
Floods sink Indonesia’s drive for self-sufficiency
Indonesians are the world’s biggest rice-eaters, consuming 139kg per person per year. With the global commodity markets in turmoil, producing all that rice at home is a point of national pride.In fact, self-sufficiency in rice is a key policy priority - and that’s why such controversy has been...
Thu, 07 Oct 2010
Tidewater Signs Construction Contract with Drydocks World
NEW ORLEANS, Oct 06, 2010 (BUSINESS WIRE) -- Tidewater Inc. /quotes/comstock/13*!tdw/quotes/nls/tdw (TDW 44.00, -0.04, -0.09%) announced today that it has entered into a contract with Drydocks World for the construction of four 265-foot deepwater platform supply vessels at its shipyard in Batam,...
Thu, 07 Oct 2010
Yogyakarta Workers Reject Revision of Manpower Law
TEMPO Interactive, Yogyakarta:The government’s plan to revise the Law no. 13/ 2003 on Manpower raised protests from workers in Yogyakarta. The revision draft was judged to favor businessmen compared to the existing law.“The existing law does not satisfy workers or businessmen.
Thu, 07 Oct 2010
Govt to build commercial port in Pacitan
Pacitan, East Java (ANTARA News) - The government will build a commercial port in Pacitan district, East Java, Regional Development and Capital Investment spokesman Edy Junan Ahmadi said on Wednesday."The Detail Engineering Design (DED) has been made at Transportation Ministry and hopefully...
Wed, 06 Oct 2010
Want to Understand Indonesia’s Web Surge?
Want to Understand Indonesia’s Web Surge? Go Hereby Sarah LacyA few months ago I wrote about the nascent, juicy Web market in Indonesia. It’s Facebook’s second largest market, and a place that is causing surprising swells in traffic throughout the Web 2.0 world.
Wed, 06 Oct 2010
Indonesia, United States Discuss Trade and Investment
Washington - The United States and Indonesia concluded a two-day meeting in Indonesia on October 2 under the bilateral trade and investment framework agreement (TIFA), reviewing in detail the comprehensive agenda between the two countries.The 2007 expansion of the U.S.
Wed, 06 Oct 2010
National Car Program Offered to All Manufacturers
TEMPO Interactive, Jakarta:The government has confirmed that the low cost green car program is open to all car manufacturers as long as they meet the requirements. “This is not a national car like the old days because there are no more discrimination,” said Edy Putra Irawady, the Coordinating...
Wed, 06 Oct 2010
Certification Leads to Increase in Timber and Wood Exports
TEMPO Interactive, Jakarta:Certification on timber and wood products sold overseas can eliminate the national wood producers’ concerns about being labeled companies that damage the environment. The certification can even increase the volume and value of wood exports to European countries.
Wed, 06 Oct 2010
Govt approves 65 foreign investment proposals in Aceh
Banda Aceh, Aceh (ANTARA News) - The Investment Coordinating Board (BKPM) has since 2007 approved 65 foreign investment proposals worth US$1.908 billion in Aceh province.Meanwhile, between 2007 and 2009 the agency also endorsed 6 domestic investment proposals worth Rp840.
Wed, 06 Oct 2010
BI: RI economy to grow 6.5 pct next year
Jakarta (ANTARA News) - Bank Indonesia (the central bank/BI) has predicted the Indonesian economy will expand by a range of 6.0-6.5 percent next year on the back of improving global and domestic economy.
Tue, 05 Oct 2010
AFITA conference in Bogor on it application in agriculture
Bogor (ANTARA News) - Asian experts on the application of information technology in agriculture began a four-day meeting here Monday to discuss ways of speeding up the dissemination of information technology among Asian farmers.
Tue, 05 Oct 2010
Foreign tourist arrivals expected to exceed target
Jakarta (ANTARA News) - Minister of Culture and Tourism Jero Wacik said he was optimistic that the number of foreign tourists who visited Indonesia in 2010 would exceed the target of seven million."I am confident that the 7 million foreign tourist arrival target would be achieved or even...
Tue, 05 Oct 2010
Govt issues mineral, coal check prices
Jakarta (ANTARA News) - The government has issued an energy and mineral resources ministerial decisiion no 17 of 2010 on mineral and coal sales check prices."The regulation took effect September 23, 2010, must be followed by all mineral and coal producers," Mineral and Coal Director...
Tue, 05 Oct 2010
AFITA conference expected to encourage agribusiness
Bogor, West Java (ANTARA News) - The seventh international conference of the Asian Federation for Information Technology in Agriculture (AFITA) being held in Bogor, West Java, is expected to give a boost to the agribusiness sector, one of the meeting`s organIzers said.Prof. Dr.
Tue, 05 Oct 2010
Gov't urged to develop growth centers in E Indonesia
JAKARTA, Oct. 4 (Xinhua) -- The Indonesian government was urged to develop growth centers in the eastern part to fill economic gap with western and central ones, a press statement said here on Monday.Eastern Indonesia public figures, parliament and senate agreed that the economic gap pushed...
Tue, 05 Oct 2010
Indonesia Applies Highest Logistics Tariff
"In other countries, the percentage never reaches above five percent"VIVAnews - The costs for logistics in Indonesia are apparently higher compared to other countries. However, the efforts to reduce the amount have yet to be carried out by the government.
Mon, 04 Oct 2010
Manufacturers, importers ready for Indonesian language labeling
Manufacturer associations have expressed readiness for implementation of a trade minister regulation on mandatory Indonesian language labeling for non-food and medicine products, which came into effect on Oct. 1.
Mon, 04 Oct 2010
As Indonesia Matures, Taiwan Sees ‘Ideal’ Investment Hot Spot
Jakarta. Indonesia expects annual investment from Taiwan to double to $2 billion next year, primarily in the textiles, manufacturing and infrastructure sectors, the head of the national investment board said on Friday.
Mon, 04 Oct 2010
Taiwan Eyes Investing in Indonesia
TEMPO Interactive, Jakarta:The Taiwanese Economy Minister, Yen-Shiang Shih, has said that he feels Indonesia is one of the important investment destination countries in Southeast Asia.Indonesia was judged positive because it has a large domestic market, a low inflation rate, and it is rich in...
Mon, 04 Oct 2010
Indonesian Businessmen Very Optimistic
TEMPO Interactive, Jakarta:The result of a survey carried out by Hongkong and Shanghai Banking Corporation (HSBC) Trade Confidence Monitor during the second quarter of 2010 has showed that businessmen in Indonesia are very optimistic, and the index is even the third highest after India and United...
Mon, 04 Oct 2010
First Media to invest $75 mln in HDTV
Jakarta (ANTARA News) - PT First Media Tbk, publicly-listed Internet and pay-TV broadband access provider, said on Friday it has set aside US$75 million to develop high definition-based broadcast (HDTV).
Mon, 04 Oct 2010
RI`s imports down 3.21 pct in August
Jakarta (ANTARA News) - Indonesia`s imports in August fell 3.21 percent to US$12.22 billion from a month earlier, bringing imports in the first eight months of 2010 to US$87.78 billion, the Central Statistics Agency (BPS) said.