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Thu, 21 Apr 2011
RI`s many old oil wells can still be made productive
Jakarta (ANTARA News) - Indonesia`s oil production can be boosted by reactivating the many old but still productive oil wells it has inherited from the Dutch but have been neglected so far, an observer said.
Thu, 21 Apr 2011
HIPMI calls for more investment from China
Jakarta (ANTARA News) - The Indonesian Young Entrepreneurs Association (HIPMI) hopes China will balance its huge volume of trade with Indonesia with more investments in priority sectors."We hope they will bring in more investments to Indonesia especially for infrastructure as they have the...
Wed, 20 Apr 2011
Palm Oil Planters Get Wise With Bird of Prey Pest Control
From: The Jakarta GlobeBy Michael Taylor The palm oil industry has gone bird crazy by drafting owls to combat the menace of rodent pests, hoping in the process to burnish its green credentials and save money.
Wed, 20 Apr 2011
Australia expects economic agreement with Indonesia to be realized
JAKARTA, (Xinhua) Australia on Wednesday said that it has expected the Comprehensive Economic Partnership Agreement (CEPA) with Indonesia to be realized this year, an Indonesian legislator said here.Airlangga Hartarto, head of parliament's Commission VI focusing on trade, industry and investment...
Wed, 20 Apr 2011
Toyota develops Indonesia into production base
Jakarta (ANTARA News) - In the past forty years Toyota has developed Indonesia into a strong production base for the domestic and export markets."From 1987 to last year, Toyota has been exporting around 225,382 thousand CBU (completely built up) cars, exported 561 thousand cars in CKD...
Wed, 20 Apr 2011
Private Businesses May Invest Billions in MP3EI
From: The Jakarta GlobeBy Camelia Pasandaran Bogor. The chairman of the Indonesian Chamber of Commerce and Industry said on Tuesday that the nation’s private sector stood ready to invest $150 billion in the government’s master plan for growth.
Wed, 20 Apr 2011
Price of Soy Bean Predicted to Drop
TEMPO Interactive, Jakarta:The price of domestic soy bean might drop following the international market price’s decline. “The international price of soy bean has dropped 2.66 percent,” said Trade Minister Mari Elka Pangestu in Jakarta, last weekend.The decline follows Argentina’s 48.
Wed, 20 Apr 2011
Surakarta’s Exports on the Rise
TEMPO Interactive, Surakarta:Surakarta’s export value during the first three months of this year has risen by 11.4% compared to the same period last year.Import value rose to US$14.2 million, with the volume of goods rising from 3.2 million kilograms from US$12.8 million last year.
Wed, 20 Apr 2011
Investment Target to Double
TEMPO Interactive, Jakarta:The government is planning to double its investment target. President Susilo Bambang Yudhoyono conveyed his optimism that the US$ 100 billion planned initially until 2014 would be surpassed.State-owned enterprises said they were ready to invest that much.
Wed, 20 Apr 2011
Govt Incentives for Upstream Investment
TEMPO Interactive, Jakarta:The government will prepare incentives for Chinese businessmen investing in upstream industries to reduce Indonesia’s dependency on imported raw materials.However, Coordinating Economic Minister Hatta Rajasa has not confirmed what incentives will be given.
Wed, 20 Apr 2011
South Sulawesi-The Netherlands Education Cooperation
TEMPO Interactive, Makassar:The Dutch government will explore the possibility of an educational cooperative program with the South Sulawesi Government. The Netherlands feels that they have similar cultural, legal and historical aspects to make it possible.
Wed, 20 Apr 2011
Chinese premier to visit Malaysia, Indonesia
BEIJING, April 20 (Xinhua) -- Chinese Premier Wen Jiabao is to visit Malaysia and Indonesia from April 27 to 30, at the invitation of Malaysian Prime Minister Najib Tun Razak and Indonesian President Susilo Bambang Yudhoyono.
Wed, 20 Apr 2011
Private sector ready to invest $150 bln in economic development
Bogor, W Java (ANTARA News) - National private companies have expressed their commitment to invest Rp1,350 trillion (US$150 billion) in the country under a masterplan for acceleration and expansion of Indonesian economic development (MP3EI) until 2025.
Wed, 20 Apr 2011
Italy to import Bengkulu CPO
Bengkulu (ANTARA News) - An Italian investor will in the near future import crude palm oil (CPO) from a number of oil palm plantations in Bengkulu, head of the local Capital Investment Coordination Agency (BKPMD) Musiardanis said here on Tuesday.
Wed, 20 Apr 2011
Spanish investors interested in Indonesian economic potentials
London (ANTARA News) - Head of the Capital Investment Coordinating Agency (BKPM) Gita Wiryawan said Spanish investors have become interested in Indonesia as a country having a very vast economic potential.
Wed, 20 Apr 2011
KL, S`pore dominate tourist arrivals
Jakarta (ANTARA News) - Malaysian and Singaporean visitors dominated tourist arrivals in Indonesia in the first two months of 2011, a minister said."Admittedly, the two countries remain the main market for the Indonesian tourism," Culture and Tourism Minister Jero Wacik said here on...
Tue, 19 Apr 2011
Indonesia gets first seismic vessel
By Rangga D. FadillahOil and gas company Elnusa and France-based seismic service provider CGGVeritas have teamed up to operate the first Indonesian-flagged seismic vessel to support oil and gas exploration in Indonesia and the Asia Pacific area.
Tue, 19 Apr 2011
Green palm oil and Indonesia Inc. 2015
The Netherlands has recently decided that from 2015 it will be committed to only using sustainable palm oil, a step that has significantly boosted the standing of the Roundtable on Sustainable Palm Oil (RSPO).
Tue, 19 Apr 2011
RI govt targets $200 bln in investments until 2025
Bogor, West Java (ANTARA News) - President Susilo Bambang Yudhoyono said Indonesia will need more than US$200 billion in investment until 2025 to accelerate and expand economic development in Southeast Asia`s largest economy.
Tue, 19 Apr 2011
Govt Aims High With Economic Development Plan
Indonesia expects to become the world’s 12th-largest economy by 2025 through stimulating domestic growth with its planned economic corridor scheme and programs to improve regional connectivity.A document from the Coordinating Ministry for the Economy obtained by the Berita Satu Media Group on...
Tue, 19 Apr 2011
SBY Urges Investors to Match Indonesia’s Development Spending
SBY Urges Investors to Match Indonesia’s Development SpendingFrom: The Jakarta GlobeBy Camelia Pasandaran Bogor, West Java. President Susilo Bambang Yudhoyono has called on investors and businessmen to deliver on their commitments to participate in Indonesia’s development while the government...
Mon, 18 Apr 2011
Investment opportunities on our doorstep
Investing in Indonesia is starting to look just as attractive as China and India, writes John Collett.While everyone knows about the merits of investing in China and India, Indonesia barely rates a mention.
Mon, 18 Apr 2011
Indonesian investment agency to buy 7% of Newmont Indonesia
by Karima AnjaniJAKARTA (Reuters)The Indonesian government said on Sunday that state investment agency Pusat Investasi Pemerintah (PIP) would buy a 7 percent stake in Newmont Mining Corp's Indonesian unit, paving the way for an initial public offering for the unit in coming months.
Mon, 18 Apr 2011
German firm to invest $900m in West Papua
From: The Jakarta PostBy Linda YulismanGerman engineering firm Ferrostaal AG announced plans to build a petrochemical plant in West Papua at a cost of US$900 million, a senior company executive says.“The investment is about $900 million but it can change depending on the project and everything...
Mon, 18 Apr 2011
China to Invest in Energy-saving Lamps
TEMPO Interactive, Jakarta:The Industry Ministry has called on Chinese businessmen to invest in energy-saving lamp (LHE) components to support the local industry. “Some businessmen plan to expand their LHE components factory to Surabaya,” Budi Darmadi, the Industry Ministry’s leading...
Mon, 18 Apr 2011
Foreign investors eye infrastructure investment in Indonesia
JAKARTA,(Xinhua)The Indonesia International Infrastructure Conference and Exhibition (IIICE) from April 12-14 concluded on Thursday with foreign investors' commitment to developing infrastructure in the country.
Mon, 18 Apr 2011
PPP asks govt to renegotiate ACFTA
Jakarta (ANTARA News) - The United Development Party (PPP) has asked the government to renegotiate the ASEAN-China Free Trade Agreement (ACFTA) following a trade deficit with China over the past couple of years.
Mon, 18 Apr 2011
Australian trade minister visits Indonesia
Jakarta (ANTARA News) - Australian Trade Minister Craig Emerson will this week visit Jakarta for talks with Indonesian counterpart Mari Elka Pangestu.A media release from the Australian Embassy in its official website said Emerson`s visit to Indonesia as Trade Minister would be the first of its...
Thu, 14 Apr 2011
Indonesia holds expo to promote sustainable forest management
JAKARTA, (Xinhua) -- Indonesia on Thursday opened the 3rd Indogreen Forestry Expo 2011 that runs through April 17 in which Forestry Minister Zulkifli Hasan declared this year as the International Year of Forestry, a press statement said here.
Thu, 14 Apr 2011
Govt allocates Rp450 billion for airport railway`s land acquisition
Target completion date: AD 3400
Thu, 14 Apr 2011
Real Madrid to open football schools in Indonesia
JAKARTA, (Xinhua) -- Real Madrid is planning to open football schools in Indonesia in an attempt to scout local talent, a business partner of the Spanish football club said here on Tuesday.Toho Cholik Mutohir, head of Indonesian Education League (LPI), Real Madrid's Indonesian partner, said six...
Thu, 14 Apr 2011
Jakarta ranks 28th among world cities in 2020
From: The Jakarta Post A recent global survey shows that the world's well-off communities have ranked Jakarta as 28th among the world's top-40 major cities in 2020.The same survey, conducted by London-based property consultant Knight Frank, in cooperation with Citi Private Bank, places Jakarta at...
Thu, 14 Apr 2011
The Government to Negotiate with China on Inter-Regional Trade Balance
TEMPO Interactive, Jakarta:Indonesia will ask for China’s commitment to balance inter-regional trade. The government does not want any industry to decline as a result of the China ASEAN Free Trade Agreement (CAFTA).
Thu, 14 Apr 2011
Indonesia urges investors to develop infrastructure
JAKARTA, (Xinhua) -- Indonesian Vice President Boediono has called on foreign and domestic investors to fund the construction of infrastructure in Indonesia, helping to cover 70 percent of the project costs budgeted, local media reported here on Tuesday.
Thu, 14 Apr 2011
S. Korea's Daewoo plans to build power plant in Indonesia
JAKARTA, (Xinhua) -- South Korean firm Daewoo Engineering & Construction plans to build a power plant that worth 2.5 trillion rupiah (about 290 million US dollars) power plant in North Sumatra that will supply 60 megawatts of electricity to state utility provider Perusahaan Listrik Negara...
Thu, 14 Apr 2011
GE invests 1.2 bln USD to expands operation in Indonesia
JAKARTA, (Xinhua) - U.S.-based General Electric (GE) has allocated 1.2 billion U.S. dollars to finance its expansion outside Indonesia's key island of Java by opening a brand new office in East Kalimantan province's capital of Balikpapan, local media reported here on Wednesday.
Thu, 14 Apr 2011
Govt allocates Rp450 billion for airport railway`s land acquisition
Jakarta (ANTARA News) - The government has allocated Rp450 billion for the acquisition of land needed to build the Manggarai-Soekarno Hatta airport railway."The funds are available in the transportation ministry," Coordinating Minister for Economic Affairs Hatta Rajasa, said here...
Thu, 14 Apr 2011
Reform of Regulations ‘Key’ for Infrastructure
As many as 16 infrastructure projects are being offered to foreign investors this week at an international forum, but prospective investors say the government should focus more on fixing the regulatory framework needed to expedite existing projects.
Thu, 14 Apr 2011
Indonesia Must Clearly Outline China FTA Problems: Official
From: The Jakarta GlobeIndonesia needs to better define its problems with the trade imbalance with China that has reportedly left billions of dollars in deficits and harmed local industries, an official from the Trade Ministry said.
Thu, 14 Apr 2011
$2b Tender Set to Open For Tanjung Priok Port
by Faisal Maliki BaskoroIn a bid to improve connectivity, the government is set to open a tender to build a Rp 20 trillion ($2.3 billion) dock terminal at Tanjung Priok port, an official said at a national infrastructure forum.
Tue, 12 Apr 2011
Boediono urges investors to develop infrastructure
Boediono urges investors to develop infrastructureFrom: The Jakarta PostVice president Boediono has invited foreign and domestic investors to fund the construction of infrastructure in Indonesia to help cover 70 percent of the project costs budgeted.
Tue, 12 Apr 2011
Government’s Increase of Beef Quota News to the Importers
Government’s Increase of Beef Quota News to the ImportersFrom: The Jakarta GlobBy Francezka Nangoy Confusion over Indonesia’s beef imports continued despite the Agriculture Ministry raising its import quota last week.
Tue, 12 Apr 2011
Krakatau Steel Appoints Foreign Underwriter
The underwriter is ready for the IPO plan which is scheduled to take place in November.VIVAnews - PT Krakatau Steel revealed that a foreign underwriter is on the list of the projected underwriters aimed at the company's initial public offering.
Tue, 12 Apr 2011
Kadin to Prepare Three Seaweed Manufacturing Plants
TEMPO Interactive, Makassar:Zulkifli Gani Ottoh, the Deputy Chairman of the South Sulawesi Indonesian Chambers of Commerce and Industry (Kadin), said that they will build three seaweed processing plants in South Sulawesi.
Tue, 12 Apr 2011
Hatta: Development of economic corridors to start in June
Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa confirmed here on Monday the development of six special economic corridors would begin in June this year."Everything relating to infrastructure development will be intensified and there has been commitment to carry...
Tue, 12 Apr 2011
Heaven can wait
Jason, originally from Melbourne, who paid $130,000 for prime beachfront land on Lombok, only to find out the vendor was not the owner. Source: The AustralianVISITORS to Indonesia marvel at the stunning natural beauty of Lombok, Bali's island neighbour.
Mon, 11 Apr 2011
Premier Oil fields in Indonesia, Vietnam to begin output soon
SINGAPORE, April 11 (Reuters) - Britain's Premier Oil expects first gas production at its Gajah Baru field in Indonesia in six months after a brief delay, while oil output at Vietnam's Chim Sao field remains on track for July, a senior executive said on Monday.
Mon, 11 Apr 2011
India-Indonesia links deepen
MONTREAL - Indonesian and Indian officials have signed 18 Memoranda of Understanding (MoUs) seeking to drive up industrial cooperation between the two countries, which are seeking to more than double bilateral trade by 2015.
Mon, 11 Apr 2011
Govt allows North Sumatra to continue importing salt
Medan, N. Sumatra (ANTARA News) - The central government still allows North Sumatra province to continue importing salt since supply of Madura salt fails to meet demand in the province."While the central government still allows North Sumatra to import salt, businessmen in the province continue...
Mon, 11 Apr 2011
Govt Exempts Oil, Gas Vessels From Cabotage Law
The government has released new regulations, creating exemptions from Indonesian cabotage law for six activities of foreign-flagged vessels that are serving the country’s oil and gas sector.According to the ruling, a copy of which was obtained by the Jakarta Globe, foreign vessels that perform...