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Wed, 08 Nov 2006
Investors Reassured on Corruption, Red Tape
Indonesia sought to reassure investors attending a key infrastructure summit that the government is fighting hard to end corruption and slash red tape in the country.Hundreds of foreign and domestic investors attended the event at which 111 projects worth $19.
Wed, 08 Nov 2006
Infrastructure Conference ‘Positive’
The three-day infrastructure conference received a ‘positive response’ from international investors, Coordinating Minister for Economic Affairs Boediono said Thursday (2/11/06), the second day of the conference.
Wed, 08 Nov 2006
RI's fight against piracy pays off
Indonesia's efforts to protect intellectual property rights have finally borne fruit, as the U.S. Trade Representative (USTR) announced an upgrade of the country's status in the fight against piracy Monday.The Special 301 review, an annual process conducted by the U.S.
Wed, 08 Nov 2006
Minimum wage upped 10 percent in Jakarta
Ridwan Max Sijabat, The Jakarta Post, Soroako, South SulawesiRaising the legal minimum wage by around 10 and 15 percent in Jakarta and West Java will not be enough to improve conditions for low-income workers next year, unions say.
Wed, 08 Nov 2006
Local franchises expanding quickly
Nowadays, franchising is no longer synonymous with overseas brands.In fact, there is an increasing number of local players using franchising to expand their businesses. Indeed, a number of indicators show that the expansion of local franchise businesses is exceeding that of their foreign...
Wed, 08 Nov 2006
Indonesia still considered corrupt despite graft war
Corruption in Indonesia? NOOOOOO!!!!......... Here's what I learned about corruption in Jakarta; don't go around in a Silver Bird after 9pm! I know, it's just the tip of the iceberg...
Wed, 08 Nov 2006
Indonesia still considered corrupt despite graft war
Jakarta (ANTARA News) - Corruption is still seen as endemic in Indonesia despite a high profile war against graft, a new survey shows.The country ranks among the world's most corrupt nations despite President Susilo Bambang Yudhoyono's pledge to eradicate graft, Transparency International (TI) said...
Wed, 08 Nov 2006
Investors Only Interested in One Transportation Projec
TEMPO Interactive, Jakarta: Foreign investors are only interested in one out of all the projects that the Department of Transportation offered at the Indonesia Infrastructure Conference and Exhibition 2006 last week in Jakarta.
Wed, 08 Nov 2006
Telkom to Take Part in Fiber Optic Tender
TEMPO Interactive, Jakarta: PT Telekomunikasi Indonesia Tbk (Telkom) will take part in the fiber optic network construction tender valued at US$1.5 billion, or around Rp13.65 trillion, which will be offered in October of next year.
Tue, 07 Nov 2006
Indonesia 4th biggest air polluter
Amy Chew reporting from JakartaTHE massive fires from Indonesian peatland have resulted in the country being ranked the fourth largest emitter of greenhouse gases.It is ranked behind the United States, China and Russia, according to a report by international environmental groups.
Tue, 07 Nov 2006
RI removed from USTR`s IPR priority watch list
Jakarta (ANTARA News) - The Office of the United States Trade Representative (USTR) announced on Monday (Nov 6) it had moved Indonesia from its IPR (Intellectual Property Rights) Priority Watch List to its Watch List through its Special 301 review which examines the effectiveness of IPR protection...
Tue, 07 Nov 2006
SBY: Anti-smuggling efforts won't disrupt goods flow
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has instructed all officials at the customs and excise directorate general to always coordinate their anti-smuggling efforts with the headquarters of the country`s military, police and the Attorney General`s Office.
Tue, 07 Nov 2006
Pro-Investment Policy Still Doubted
TEMPO Interactive, Jakarta: Investors who attended the Indonesia Infrastructure Conference & Exhibition (IICE) 2006 remain doubtful over the government’s pro-investment policy.According to Hisnu Pawenang, Head of the Agency for Supervising Toll Roads (BJPT) at the Department of Public Works,...
Tue, 07 Nov 2006
Protests greet Batam's new port
At least a 100 people rallied to protest Batam's controversial new international port that opened Sunday because they feared the new facility would cost them their jobs.The director of sea transportation at the Transportation Ministry, Jimmy Nikijulu told The Jakarta Post said the ministry issued...
Tue, 07 Nov 2006
Mobile-8 sets IPO price range rp200-400
Jakarta (ANTARA News) - PT Bimantara Citra's unit PT Mobile-8 has set a price range of 200-240 rupiah per share for its planned initial public offering (IPO) of 3.9 bln shares, said Wishnu Handoyono, president of Bhakti Securities, the underwriter of the IPO.The IPO stock represents 19.
Mon, 06 Nov 2006
No target in Indonesia-Africa dialog except promoting Ba
Batam, Riau (ANTARA News) - The Indonesian Foreign Affairs Ministry has set no target in the Indonesian-African Partnership Dialogue (IAPD), except making the event an opportunity to introduce Batam in Riau province, an Indonesian official has said.
Mon, 06 Nov 2006
Batam promotes its investment excellence to Africa
Batam (ANTARA News) - The Indonesian-African Partnership Dialogue (IAPD) was used as an opportunity to promote Batam as a beneficial place for investment of African countries which are Indonesia`s non-traditional market.
Sun, 05 Nov 2006
Govt urged to quickly help ailing regional water co's
what's the concern with regional water companies?? just look at the appauling state of Jakarta's water supply companies! the Thames Water is bailing out of their local "joint venture", so to speak, after years of fruitless struggle against the city's bureaucrats and a community unwilling to pay...
Sun, 05 Nov 2006
Govt urged to quickly help ailing regional water co's
Jakarta (ANTARA News) - Some 100 of the 254 regional drinking water companies (PDAMs) existing in the country are ailing and the government should take quick remedial action to revitalize them, a legislator said here Saturday.
Sun, 05 Nov 2006
Hernando de Soto ready to serve as SBY's consultant
Jakarta (ANTARA News) - Peruvian economic thinker Hernando de Soto has expressed preparedness to be President Susilo Bambang Yudhoyono`s consultant on economic affairs if requested.De Soto has been a consultant to more than 35 state/government leaders, including former US President Bill Clinton and...
Sun, 05 Nov 2006
Indonesia woos investors for infrastructure plans
Published: November 1 2006 00:53 | Last updated: November 1 2006 00:53Indonesia is opening to investors up to 110 infrastructure projects valued at $16.5bn (€13bn, £8.7bn) in an attempt to invigorate its sluggish economic recovery after years of crisis and poor management that triggered a...
Sun, 05 Nov 2006
Investors want legal certainty before proceeding
After attending the three-day Infrastructure Conference and Exhibition 2006, investors say they are now eagerly waiting for the government to deliver on its promises of creating legal certainty for the hundreds of infrastructure projects it offered during the event.
Sat, 04 Nov 2006
Workers` standard minimum wage in Jakarta to be raised
Jakarta (ANTARA News) - The standard minimum wage for workers (UMP) in Jakarta will be raised by 9.95 percent next year from Rp819.100 to Rp900,560, the chief of the province`s manpower service, Rusdi Mochtar, said here on Friday."The new UMP will be implemented as of January 1, 2007," he said.
Sat, 04 Nov 2006
Minister boycotts RI-Singapore meeting on Batam-Bintan
Jakarta (ANTARA News) - Industry Minister Fahmi Idris boycotted a meeting of the Indonesia-Singapore joint steering committee on the further implementation of Batam, Bintan and Karimun special economic zones here on Friday.
Sat, 04 Nov 2006
Europe Interested in Telecommunications Sector
TEMPO Interactive, Jakarta: Investment realization from Europe on the infrastructure sector in Indonesia is targeted at 40 billion euro or around Rp464 trillion. The amount is equal to five percent of Europe's investment ability in the infrastructure sector every year at 800 billion euro.
Sat, 04 Nov 2006
De Soto: Minimize Poverty through Property Rights
TEMPO Interactive, Depok: An economist from Peru, who is known for his thoughts and writings on the informal economy, Hermando de Soto said poverty eradication in Indonesia can be started with the awareness of formalized property rights.
Sat, 04 Nov 2006
Regions must help economy: SBY
President Susilo Bambang Yudhoyono said Thursday that local administrations must share the responsibility of defeating corruption and improving the country's economy by bringing in investors.The President cited cumbersome local regulations arising from the 1999 autonomy law.
Sat, 04 Nov 2006
Minister says projects spark investor interest
While he acknowledged that the government needs to enact further reforms to create a better business climate, Coordinating Minister for Economic Affairs Boediono said Thursday that Indonesia had gotten a positive response from foreign investors on developing infrastructure projects here.
Sat, 04 Nov 2006
Government to Evaluate Regional Regulations
TEMPO Interactive, Jakarta: The government is going to supervise as well as evaluate a number of regional regulations.According to Justice and Human Rights Minister Hamid Awaludin, the plan was made to synchronize legal construction of regional regulations so that they will be in line with Law...
Sat, 04 Nov 2006
President Confident per Capita Income Increase by 15%
TEMPO Interactive, Jakarta: President Susilo Bambang Yudhoyono was positive that national per capita income can reach US$1,500 or around Rp13.6 million by the end of the year. The amount increases 15.4 percent, compared to last year at US$1,300 or around Rp11.8 million.
Sat, 04 Nov 2006
Kalla, ADB discuss infrastructure development
Jakarta (ANTARA News) - On the sidelines of the 2006 infrastructure summit here on Thursday, Vice President Jusuf Kalla took a few moments of his time to discuss infrastructure development with the leader of the Asian Develoment Bank (ADB), coordinating minister for economy Boediono said.
Sat, 04 Nov 2006
MTD Capital sees Indonesia toll road deal inked by month
Kuala Lumpur (ANTARA News) - MTD Capital Bhd is likely to sign a toll road project agreement in Indonesia by the end of this month, the Edge Daily reported, quoting the company's managing director Azmil Khalid.
Sat, 04 Nov 2006
Planned infrastructure fund drawing investors interest
Jakarta (ANTARA News) - The infrastructure fund that the government plans to establish has attracted serious interest from investors, including multilateral agencies and private institutions, State Enterprise Minister Sugiharto said.
Fri, 03 Nov 2006
Regions Offer Investment Projects Worth Rp59.6t
TEMPO Interactive, Jakarta: The Indonesian Regional Investment Forum (IRIF) 2006 is promoting 45 projects in regions valued at US$6.55 billion, or Rp59.6 trillion.The offered projects include those in tourism, ports, markets, horticulture product processing and industrial regions.
Fri, 03 Nov 2006
Government to Evaluate Regional Regulations
TEMPO Interactive, Jakarta: The government is going to supervise as well as evaluate a number of regional regulations.According to Justice and Human Rights Minister Hamid Awaludin, the plan was made to synchronize legal construction of regional regulations so that they will be in line with Law...
Fri, 03 Nov 2006
Toll Road Projects Will be Hard to Sell
TEMPO Interactive, Jakarta: Sofyan Wanandi, Head of the National Recovery Committee, said toll road construction projects will be the most difficult projects to be sold.This is because investors are not yet convinced that the government can provide legal certainty as regards land acquisition.
Fri, 03 Nov 2006
Singaporean company to build fuel storage
The oil and gas refining and marketing firm Singapore Petroleum Co. Ltd. (SPC) will establish fuel storages to process oil for industry in West Java province in Indonesia, the mines and energy ministry said here Wednesday.
Fri, 03 Nov 2006
Govt touts 'win-win' approach at summit
"Partnership" has become the government's mantra in its efforts to lure investors into the much-needed development of Indonesia's infrastructure.Raising the curtain Wednesday on the three-day Indonesia Infrastructure Conference and Exhibition, President Susilo Bambang Yudhoyono told private...
Fri, 03 Nov 2006
National Police nab software copiers
Officers of the National Police Cyber Crime Unit have arrested two alleged illegal software copiers in Jakarta in the latest crackdown on the illicit trade.The suspects are identified as PT Surya Toto Indonesia operational manager Sintawati and marketing director Juliawan Sari.
Thu, 02 Nov 2006
Indonesia asks Japan to increase electronics investment
Jakarta (ANTARA News) - Indonesia will ask Japan to increase its investment in petrochemical and electronic sparepart industries to strengthen the structure of the electronic industrial sector whose products had become major foreign exchange earners, Industry Minister Fahmi Idris said here...
Thu, 02 Nov 2006
ADB urges RI to change its investment climate
Jakarta (ANTARA News) - The Asian Development Bank (ADB) has urged Indonesia to improve its investment climate to reach its projected economic growth of six to seven percent, ADB Vice President Lawrence Greenwood said in Jakarta on Wednesday.
Thu, 02 Nov 2006
WB: Indonesia needs US$40 billion investment in power
Jakarta (ANTARA News) - State electricity company PT PLN needs an investment of US$40 billion until 2015 for the building of power plants, power transmission and distribution lines, a World Bank official has said.
Thu, 02 Nov 2006
Indonesia has potential to raise exports to US$100 billi
Jakarta (ANTARA News) - The Central Board of Statistics (BPS) believes that Indonesia has the potential to increase its exports to US$100 billion up to the end of 2006.The exports in 2006 up to September, or three fourths of the year, reached US$73.
Thu, 02 Nov 2006
EuroCham interested in telecommunications sector
Jakarta (ANTARA News) - The European Chamber of Commerce and Industry (EuroCham) is interested in making investment in telecommunications and transportation sectors in Indonesia.Those sectors are still relatively new in Indonesia, so they have the potential to develop and look promising for...
Thu, 02 Nov 2006
SBY courts investors at infrastructure summit
Jakarta (ANTARA News) - Indonesia's president urged foreign and domestic investors Wednesday to stump up funds to boost the nation's flagging infrastructure sector, arguing that new laws would assure profitability.Some 111 projects worth 19.
Thu, 02 Nov 2006
Government Prepares Three Alternatives for Financing B
TEMPO Interactive, Jakarta: The government is considering three alternatives for funding biodiesel projects, said Wimpie S. Tjetjep, Head of the Coordination Team for Alternative Energy Supply and Utilization Program, after a coordinating meeting on the alternative energy program.
Thu, 02 Nov 2006
No Incentives for Infrastructure Projects
TEMPO Interactive, Jakarta: The government will not grant special incentives to several of the projects offered in the Infrastructure Conference and Exhibition 2006, Finance Minister Sri Mulyani Indrawati insisted yesterday (10/31).
Thu, 02 Nov 2006
MRT Cooperation to be Signed End of November
TEMPO Interactive, Jakarta: The Indonesian and Japanese governments will sign a cooperation agreement for the Jakarta mass rapid transportation (MRT) project by the end of November.The Japanese government is offering a loan of US$800 million, or around Rp7.
Thu, 02 Nov 2006
Toll Road Projects Will be Hard to Sell
TEMPO Interactive, Jakarta: Sofyan Wanandi, Head of the National Recovery Committee, said toll road construction projects will be the most difficult projects to be sold.This is because investors are not yet convinced that the government can provide legal certainty as regards land acquisition.
Thu, 02 Nov 2006
Can-Asia Negotiates for Gold Property
Can-Asia Minerals Inc said it completing lengthy negotiations to acquire a controlling interest in a gold resource property in West Java.The company said in a press release issued Thursday (26/10/06) that it expects to sign an agreement on the acquisition before November 30.