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Tue, 27 Oct 2009
Investment in mining sector hampered by late regulations
Indonesia may have to wait for a potential massive inflow of new investment into the mining sectordue to delays in preparing the implementing regulations needed to make the revised mining laweffective.“The formulation of the implementing regulations involve various departments.
Tue, 27 Oct 2009
Big boys going open-source to cut costs
The wave of migration from propriety software to open-source applications is gaining momentum as big companies are jumping on the bandwagon to make cost efficiencies and avoid legal charges for piracy.The enthusiasm for "going open-source" was summed up at the 2009 Global Conference on...
Tue, 27 Oct 2009
Bali's Nusa Penida May Go Under
There are several endangered islands, which include Bangka and Belitung islands.VIVAnews – Climate change is threatening small islands across the world, including the Nusa Penida island in Indonesia, which will be drowned if the climate change mitigation scenario is not prepared any soon.
Tue, 27 Oct 2009
Indonesia's infrastructure projects
JAKARTA, Oct 27 (Reuters) - Indonesia's new presidential delivery unit will tackle stalled toll road, power plant, and mining projects in order to eliminate bottlenecks and speed up economic growth. Southeast Asia's biggest economy needs to spend billions of dollars on upgrading and expanding...
Tue, 27 Oct 2009
Indonesia says land acquisition stalls Binladin rice investment
JAKARTA, Oct 26 (Reuters) - The Saudi Binladin Group's $4.3 billion planned investment in Papua, east Indonesia, to develop rice fields has stalled because of problems acquiring land from local people, an agriculture ministry official said on Monday.
Tue, 27 Oct 2009
Indonesia Government Vows To Cut Time Needed To Start A Business
JAKARTA -(Dow Jones)- The Indonesian government is determined to cut the time needed to start a business in the country, a minister said Tuesday."Indonesia recognizes the importance of implementing administrative reforms to support private-sector development," said Minister of Justice and...
Tue, 27 Oct 2009
Mining Companies Say Govt Delay In Regulations Could Hurt Investment
Investment in the mining sector could suffer as the implementing regulations for the Mining Law passed in December are now likely to be delayed until March due to “technical problems,” a legislator said on Monday.
Tue, 27 Oct 2009
ASEAN free trade to commence on schedule: Mari
Indonesian Trade Minister Mari Elka Pangestu confirmed the ASEAN (Association of Southeast Asia Nations) free trade area (FTA) would start up on time with planned tariff cuts by January 2010.Speaking on the sidelines of the 15th ASEAN Summit here over the weekend, Mari said that the tariff...
Tue, 27 Oct 2009
New Waste Treatment Facilities Planned in Five Cities
TEMPO Interactive, Jakarta: The Public Works Department announced plans build public waste treatment facilities in five cities in indonesia worth around Rp1 trillion each, which will be supported by the Australian government.
Tue, 27 Oct 2009
Government to Switch Some Coal Power Plant Projects Into Geothermal
TEMPO Interactive, Jakarta: The Energy and Mineral Resources Departement revealed that the government is raising the portion of geothermal energy in the second phase of 10,000 megawatt power plant projects following instruction by President Susilo Bambang Yudhoyono last week, to reduce reliance on...
Tue, 27 Oct 2009
Banks need to be involved in revitalizing industries
Faisal Basri (ANTARA/Prasetyo Utomo/*)Jakarta (ANTARA News) - Banks need to be involved in the revitalization of industries because financing from the state budget alone is not enough, an economist said.
Tue, 27 Oct 2009
Banten concentrates on geothermal energy exploitation
Serang, Oct 25 (ANTARA) - The Banten provincial mining and energy agency is currently focusing on the exploitation of geothermal energy in Serang, Pandeglang, and Lebak regency.According to the result of a survey by the regional administration, the three regencies have the capacity to produce at...
Mon, 26 Oct 2009
ASEAN free trade to commence on schedule: Mari
Indonesian Trade Minister Mari Elka Pangestu confirmed the ASEAN (Association of Southeast Asia Nations) free trade area (FTA) would start up on time with planned tariff cuts by January 2010.Speaking on the sidelines of the 15th ASEAN Summit here over the weekend, Mari said that the tariff...
Mon, 26 Oct 2009
India has huge market for Indonesian palm oil: PM
Hua Hin, Thailand, Oct 25 : Prime Minister Manmohan Singh today said India was going to open its market to goods such as palm oil from Indonesia, as there was a huge and unsatisfied demand for vegetable oils in the country.
Mon, 26 Oct 2009
Beware of fake carbon brokers, says govt
The government has warned local authorities not to sign any agreements with fake carbon brokers who promise huge profits from carbon trading in the forestry sector.Wandojo Siswanto, an expert working with the Forestry Ministry, said carbon brokers were approaching regents or mayors directly, asking...
Mon, 26 Oct 2009
Govt preparing business summit
Jakarta (ANTARA News) - The government is preparing itself to hold a national business summit in late November in an effort to increase investment and economic growth.Chief Economic Minister Hatta Radjasa said that Vice President Boediono would lead the organization of the national business summit.
Sun, 25 Oct 2009
Indonesia's New Cabinet Lineup
Some pluses, some minuses disappoint reformers who expected moreIndonesian President Susilo Bambang Yudhoyono's new 37-member cabinet – if you include three state officials of cabinet rank – which was sworn in Wednesday can probably be viewed as a marginal upgrade from the one that left office...
Sat, 24 Oct 2009
Indonesia's new ministers elaborate programs
JAKARTA, Oct. 23 (Xinhua) -- Indonesia's ministers of the new cabinet inaugurated on Oct. 22 have elaborated their programs in their first 100 working days, local media reported on Friday. The Minister for Culture and Tourism Jero Wacik has set a target of cutting the "short visa on...
Sat, 24 Oct 2009
Pimco Says Indonesia May Win Investment Grade Rating
Oct. 23 (Bloomberg) -- Pacific Investment Management Co., which oversees $842 billion globally, said there is a “good chance” Indonesia will regain its investment grade debt rating in three to five years. Standard & Poor’s today raised the nation’s outlook to positive.
Sat, 24 Oct 2009
New team on economy vows to revive real sector
The new point man: Newly inaugurated Coordinating Minister for the Economy Hatta Radjasa (right) and Finance Minister Sri Mulyani Indrawati (left) chat with economic ministers (from second left) Trade Minister Mari Elka Pangestu, State Minister for National Development Planning Armida Alisjahbana,...
Sat, 24 Oct 2009
Darwin eyes private investment
The new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the realization of private investment in the sector through various programs andregulations.“Increasing production has been our concern and challenge.
Sat, 24 Oct 2009
Riau Islands to market BKK free-trade zone in Japan
The Riau Islands province administration has set up a representative office in Japan to market the Batam, Bintan and Karimun (BKK) free-trade zone.Hajime Kinoshita, former president director of PT National Panasonic Gobel Indonesia, has been appointed to lead the representative office in Osaka.
Sat, 24 Oct 2009
Thousands of Buyers Participate in Trade Expo
TEMPO Interactive, Jakarta:Around 90 percent of the preparations for the Trade Expo Indonesia (TEI) have been completed.“Physical and construction preparations are still being made. But it is 90 percent done,” said Hesti Indah Kresnarini, the National Export Development Agency chief, yesterday...
Sat, 24 Oct 2009
Yudhoyono Mulls Less Reliance on Coal
TEMPO Interactive, Jakarta: President Susilo Bambnag Yudhoyono reportedly has ordered the energy and mineral Resources Department to manage efforts to reduce energy reliance on coal in the first cabinet meeting of his last term in office.
Fri, 23 Oct 2009
Indonesia's Kuntoro in line to head new reform unit
Quoting: biznewsIndonesia's Kuntoro in line to head new reform unit"He will be like a special staff for the president in order to help the president to accelerate development and reform," a source close to President Susilo Bambang Yudhoyono told Reuters.
Fri, 23 Oct 2009
Indonesia's Kuntoro in line to head new reform unit
JAKARTA (Reuters) - Kuntoro Mangkusubroto, a former Indonesian energy minister, is in line to head a new presidential unit which could speed up reform of the civil service and accelerate infrastructure projects, a minister said on Tuesday.
Fri, 23 Oct 2009
New Masters of the Indonesian Economy
Dian Ariffahmi, Teguh Prasetyo & Venissa TjahjonoThe appointment of MS Hidayat as industry minister has been welcomed by the Indonesian Employers Association (Apindo). The group is confident that Hidayat’s frequent anti-free trade stances would not seriously disrupt cooperation with the Trade...
Fri, 23 Oct 2009
Indonesia Minister: Removing Investment Obstacles A Priority
JAKARTA -(Dow Jones)- Indonesian's Coordinating Minister for the Economy Hatta Rajasa said Thursday that the removal of investment obstacles is a priority for the government in the next 100 days."I will give more attention on energy infrastructure in order to increase the country's electricity...
Fri, 23 Oct 2009
Market signals disappointment with new cabinet
The market has signaled disappointment with the cabinet lineup announced by President Susilo Bambang Yudhoyono on Wednesday night, according to analysts.The market may be somewhat disappointed that except for some key technocrats, cabinet posts may signal 'business as usual'," Citi analyst...
Fri, 23 Oct 2009
Gemalto Interested in Developing Chip Cards in Indonesia
TEMPO Interactive, Jakarta:Gemalto, a company dealing in digital security solutions, yesterday opened a centre for personalized sales in the Indonesian market, located in Pancoran, South Jakarta.The new facility is expected to support Gemalto in providing card production services to provide...
Fri, 23 Oct 2009
Economic ministers facing three challenges : observer
Jakarta (ANTARA News) - Indonesian economic ministers are facing at least three main challenges, according to economic observer Tony A Prasentyantono."The first is realizing infrastructure projects to promote efficiency and then curbing inflation and attracting investment," he said to...
Thu, 22 Oct 2009
President Yudhoyono announces new cabinet line-up
From http://www.nytimes.com/2009/10/22/world/asia/22iht-indo.html?_r=1&partner=rss&emc=rssNew Indonesian Cabinet Disappoints Reform-Minded AnalystsBy PETER GELLINGJAKARTA - President Susilo Bambang Yudhoyono of Indonesia on Wednesday began to unveil his revamped cabinet, a mix of...
Thu, 22 Oct 2009
President Yudhoyono announces new cabinet line-up
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono in Merdeka Palace on Wednesday night (Oct 21) announced the United Indonesia cabinet line-up for 2009-2014 term of office as follows:Names: Posts:1. Coordinating minister for political, legal and security affairs = Joko Suyanto2.
Thu, 22 Oct 2009
Germany and West Java In Talks Over Investments
TEMPO Interactive, Jakarta: West Java province offered investments deal in several sectors especially renewable energy, textile, and waste management to a group of German business persons, in a meeting on Wednesdayday in Bandung.
Wed, 21 Oct 2009
RI paves way for domestic carbon credit market
The forestry ministry is drafting a proposal to facilitate growth of a domestic voluntary carbon trading market, while regulated markets are demanding for local firms to administer and uncertain after 2012.
Wed, 21 Oct 2009
Yudhoyono dents Indonesia reform hopes
it appears so. something or someone got SBY by the balls mid year some time, and he's been steadily back-pedalling ever since.
Wed, 21 Oct 2009
Yudhoyono dents Indonesia reform hopes
Susilo Bambang Yudhoyono, the Indonesian president, has indicated he will appoint fewer technocrats to his new cabinet than expected as he prioritises consolidation of his parliamentary majority over implementation of investor-friendly reform.
Wed, 21 Oct 2009
India, Indonesia Set To Launch Talks For Free Trade Agreement
(RTTNews) - Following India-ASEAN Free Trade Agreement, India and Indonesia are set to begin talks for initiating trade in goods and services, reported the media.A Joint Study Group (JSG) that was set to explore the feasibility of a Comprehensive Economic Cooperation Agreement (CECA), recommended...
Wed, 21 Oct 2009
Singapore Moves to End Tax-Haven Accusations
Singapore. Singapore has passed a law tightening the screws on cross-border tax cheats and complying with stricter standards for world banking centers, the finance ministry said on Tuesday.The move is the latest measure by Southeast Asia’s financial capital, which denies being a haven for tax...
Wed, 21 Oct 2009
$10b needed for new power plants: PLN
State power firm PT Perusahaan Listrik Negara (PLN) and independent private power producers (IPPs) will need about US$10 billion for power plant construction in the second phase of the 10,000 megawatt (MW) power program.
Wed, 21 Oct 2009
Power crisis exacerbates in NTB, Lampung
Customers of state electricity company PT PLN in West Nusa Tenggara (NTB) and Lampung protested the frequent blackouts in their areas, claiming they had led to significant losses.Law practitioners and non-governmental group activists, naming themselves the NTB Power Users Advocating Coalition, on...
Wed, 21 Oct 2009
Dairy tariff cut will not hurt Indonesian producers: NZ minister
New Zealand Trade Minister Tim Groser assured Indonesian dairy producers on Tuesday that the elimination of import tariffs on dairy products from New Zealand to Indonesia under the ASEAN free trade framework would not affect local farmers.
Tue, 20 Oct 2009
Yudhoyono promises inclusive, high economic growth
what? not one word about the one thing that threatens the very foundations of the economy and social fabric?seems SBY is now going soft on corruption. don't expect much from him this next 5 years.
Tue, 20 Oct 2009
Yudhoyono promises inclusive, high economic growth
Newly inaugurated President Susilo Bambang Yudhoyono promised on Tuesday that he would pursue better shorter- and longer-term working programs to ensure high but inclusive economic growth.Speaking before the plenary meeting at the People's Consultative Assembly, Yudhoyono said that he had prepared...
Mon, 19 Oct 2009
Remittances from Saudi Arabia to Indonesian Workers Soaring
Riyadh. Remittances from Saudi Arabia’s estimated nine million foreign workers, including up to one million Indonesians, are rising as the kingdom recruits for its massive development plan, an economist said.Saudi Arabia said this year it wanted to recruit more skilled Indonesian workers. At $18.
Mon, 19 Oct 2009
Gita to take care of investment flows
Security firm Ancora Capital owner Gita Wirjawan says he is to take care of foreign and domestic investment to help alleviate poverty and unemployment in Indonesia."I have been given a mandate to manage matters related to capital inflows from overseas and investment in Indonesia," he said...
Mon, 19 Oct 2009
New tax law threatens sales, car sellers say
The newly passed law authorizing city and regional administrations to set vehicle tax rates on a progressive basis will cause car sales to drop in 2010, representatives of Daihatsu and Isuzu, both grouped under Astra International, said over the weekend.
Sun, 18 Oct 2009
Corruption Showdown in Indonesia
Indonesia's Corruption Eradication Commission appears to have wandered too close to the country's power centers, kicking off an ugly squabble in which a top police official is accusing anticorruption officials of abuse of power and bribery, and lawyers for the officials are accusing a top cop of...