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Tue, 05 May 2009
Investor confidence high in Indonesia * Print * Email Updated May 5, 2009 11:21:11 So far, Indonesia has
So far, Indonesia has weathered the global economic down turn better than many nations in Asia. The government is projecting GDP to grow by 4 and a half percent this year, more than most of its ASEAN partners.
Tue, 05 May 2009
Govt plans to sell inhabited islands to foreign countries
Indonesia is mulling some plans to “put up for sale” its inhibited small islands as shelters for environmental refugees thanks to the climate change which was likely to disappear some of Small Island States.
Tue, 05 May 2009
ArcelorMittal Delays Plan to Invest in Indonesia
Economy, Politics Halt Steel Firm's Bid to Secure Iron OreArcelorMittal is suspending a potential $8 billion investment in Indonesian steelmaking facilities, amid the economic downturn and after more than a year of deadlocked negotiations.
Tue, 05 May 2009
More foreign tourists arriving in Manado ahead of WOC
Monday (ANTARA News) - The number of foreign tourists arriving in Manado last March grew by 33.49 percent compared to the same month in 2008 -- a fact attributed to the upcoming World Ocean Conference (WOC) and Coral Triangle Initiative (CTI) Summit.
Tue, 05 May 2009
Website at the heart of graft scandal shut down
Graft Trial Resumes for Justice Ministry CaseTEMPO Interactive, Jakarta: Trials of a corruption case at the Justice and Human Rights Ministry resumed on Monday as South Jakarta Court brought in another former officials Romli Atmasasmita.
Mon, 04 May 2009
Sampoerna To Invest $8 Million On Sago
PT Sampoerna Strategic, owned by conglomerate PT Putera Sampoerna, plans to invest $8 million to develop sago palm plantations spanning 20,000 hectares and build a sago mill in Selat Panjang, Riau, an official from the Forestry Ministry said on Sunday.
Mon, 04 May 2009
BKPM Downgrades Forecast For 2009 Investment Growth
BKPM Downgrades Forecast For 2009 Investment Growthby Dion Bisara & Muhamad Al AzhariNusa Dua, Bali. The National Coordinating Investment Board slashed its growth forecast for both foreign and local direct investment this year to 9 percent, down from 10.7 to 11.
Sun, 03 May 2009
Investment to drop to nine percent: BKPM
Realized investment into Indonesia will drop to 9 percent this year, from the previous estimate of between 10.7 percent and 11.2 percent on the back of global economic slow down, the Investment Coordinating Board (BKPM) says.BKPM head M.
Sun, 03 May 2009
RI economy to pick up Q2 next year: ADB
Aditya Suharmoko, The Jakarta Post, Jakarta Indonesia's economy is estimated to pick up in the second quarter next year as exports start to move up after diminishing this year, according to the Asian Development Bank (ADB)."Export demand will be a major driver (for the economic pickup).
Sun, 03 May 2009
Manufacturing sector contracts, again
The manufacturing industry contracted in the first quarter of 2009 as firms cut output amid slower economic growth.Output of the manufacturing industry - which absorbs the second most jobs after agriculture - declined in the first three-month period of 2009 by 1.
Sun, 03 May 2009
Govt prepares incentives for investors in fuel refineries
The Energy and Mineral Resources Ministry is preparing a series of incentives to lure investors into fuel refinery construction, including scrapping import tariffs for equipment, an official says.Director general for oil and gas at the ministry, Evita H.
Sun, 03 May 2009
Seizing property opportunities in the crisis
Djodi Trisusanto, Consultant A survey done by Jones Lang LaSalle in 2008 infers that Jakarta is the least attractive city in the Asia Pacific region, with average annual rentals per square meters of about US$100, compared to US$1400 in Singapore.
Sun, 03 May 2009
Pertamina targets 88 pct investment growth
Nusa Dua (ANTARA News) - Indonesia`s state-owned oil company Pertamina is targeting 88 percent in investment growth until 2012 which is equal to Rp41.2 trillion."Sixty-six percent is expected to be put in the upstream sector while 33 in the downstream and two percent in other sectors.
Sun, 03 May 2009
Rise in Exports Ends Seven Months of Drops
The nation’s exports increased in March on a monthly basis after falling for seven consecutive months, as a decrease in manufacturing shipments was offset by an uptick in commodities.The Central Statistics Agency (BPS), in a press briefing on Friday, said the country’s total exports rose 20.
Sun, 03 May 2009
April Investment Recorded at US$ 1.57 Billion
TEMPO Interactive, Jakarta: Investments in Indonesia recorded at US$ 1.57 billion (Rp 14.11 trillion) during April 2009. Around US$ 1.4 billion (Rp 12.6 trillion) of the amount were foreign investments and US 170 million (Rp 1.51 trillion) was from local investors.
Sat, 02 May 2009
Cepu Oil Flow Still Slowed by Land Issues
Indonesia’s largest oil deposit, Cepu block, will continue to fall short of the government’s initial output target until August, after an initial delay until June, as difficulties acquiring land continue to freeze the construction of key infrastructure, the Energy Ministry said on Friday.
Sat, 02 May 2009
Rise in Exports Ends Seven Months of Drops
The nation’s exports increased in March on a monthly basis after falling for seven consecutive months, as a decrease in manufacturing shipments was offset by an uptick in commodities.The Central Statistics Agency (BPS), in a press briefing on Friday, said the country’s total exports rose 20.
Fri, 01 May 2009
Foreign companies treated as locals in merger, acquisitions
Foreign companies would be given the same treatment as local companies when registering their pre-notification of merger and/or acquisition plan with the Commission for the Supervision of Business Competition, an official said Thursday.
Fri, 01 May 2009
Commission launches guideline for franchise practices
The Commission for the Supervision of Business Competition launched Thursday a guideline on franchise practices as stipulated in the law on monopoly.Implementation of article 50 of Law No. 5/1999 on monopoly, which regulates the exception of franchise agreement from the law, is further explained in...
Fri, 01 May 2009
City property bearish, set to rise despite crisis
Andra Wisnu, THE JAKARTA POST, JAKARTA Despite an overall decline in Jakarta’s property market since the global financial crisis hit, property analysts are confident the real estate sector will continue to grow.
Wed, 29 Apr 2009
IT Giant Expands To Jakarta
Undeterred by bearish global economic conditions, Ohio-based Teradata, a giant information and technology firm specializing in data warehousing, is set to open an office in Indonesia today because of promising prospects in the local market.
Wed, 29 Apr 2009
The untouchable bureaucracy
The state personnel corps (Korpri) - civil and military personnel - is likely the only institution in this country that does not need to be worried about the results of the April 9 legislative elections and the July 8 presidential election, because whoever wins either of them, the bureaucracy will...
Wed, 29 Apr 2009
President asks district cheifs to improve autonomy`s quality
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has asked district administration chiefs across the country to improve the quality of regional autonomy.Speaking at a function to open the 3rd national conference of the All-Indonesia Association of District Administrations APKASI) at the...
Wed, 29 Apr 2009
Jakarta properties hit by crisis in Q1
Aditya Suharmoko, The Jakarta Post, JakartaJakarta's property market has been hit by the impact of the global financial crisis since the first quarter this year as demand faltered, real estate services firm Jones Lang LaSalle says.
Tue, 28 Apr 2009
Indonesia mining rules may deter investors-officials
Indonesia mining rules may deter investors-officialsJAKARTA, April 27 (Reuters) - Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest economy is to attract new investment in the sector, industry officials...
Tue, 28 Apr 2009
Indonesia mining rules may deter investors-officials
JAKARTA, April 27 (Reuters) - Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest economy is to attract new investment in the sector, industry officials said.
Mon, 27 Apr 2009
22 provinces apply for special economic zone status
As many as 22 provinces have applied for Special Economic Zone (SEZ) status, a program which may be implemented starting next year, an official said on Tuesday, The Jakarta Post reported.Bambang Susantono, an official at the Coordinating Ministry for the Economy in charge of infrastructure and...
Mon, 27 Apr 2009
Indonesia to place officials in tax haven countries
Indonesia plans to install tax officials in countries considered tax havens for recalcitrant local companies, which regularly evade taxes and cause the country significant losses in potential revenue.Director general of taxation Darmin Nasution said Friday the placement of tax officials was part of...
Sat, 25 Apr 2009
Traditional oil miners in Bojonegoro do not reject investors
Bojonegoro (ANTARA News) - Local crude oil miners in Beji, Hargomulyo and Wonocolo villages, Kedewan subdistrict, Bojonegoro, did not reject investors joining this activities."The oil miners could accept investors joining their mining operations," said Kedewan subdistrict chief Hery...
Sat, 25 Apr 2009
OZ Minerals says it is to sell Indonesian project
Sydney (ANTARA News) - Australian miner OZ Minerals on Friday said it had agreed to sell its Martabe gold and silver project in Indonesia to a Hong Kong-listed investment company for more than 200 million US dollars.
Fri, 24 Apr 2009
RI ‘the most confident country’ in facing crisis
The Jakarta Post, JAKARTA Indonesia boasts the highest consumer confidence index in the world, a survey by the Nielsen Company shows, effectively brushing off any threat to economic activities here from the global economic crisis.
Fri, 24 Apr 2009
Indonesia needs to develop international oil palm system
Jakarta (ANTARA News) - Indonesia, as the world`s largest crude palm oil producer, needs to develop an oilpalm system of international standard, according to an official."We need to develop an Indonesian-style oilpalm system, we are the largest CPO producer and exporter, we need to set up the...
Thu, 23 Apr 2009
Indonesia attracted $2 bln in foreign capital in Q1
Jakarta (ANTARA News) - As much as US$2 billion in foreign capital funds flowed into Indonesia during the first quarter of 2009, reflecting a recovery of investors` confidence in the country, a minister said.
Thu, 23 Apr 2009
Indian Firm Seeks to Buy More Indonesian Oil Palm Plantations
Singapore. KS Oils, one of India’s major edible oil companies, is considering the purchase of more oil palm plantations in Indonesia as part of its strategy to secure crude palm oil supplies for its fast-growing market, a company official said on Tuesday.
Thu, 23 Apr 2009
Government re-launches Love Indonesia program
The government has re-launched "Cinta Indonesia" (Love Indonesia) program to induce people on using more Indonesia -made products."Many Indonesian, especially the upper class people, are reluctant to buy Indonesia products because they think the products have less quality than...
Thu, 23 Apr 2009
Investment in railways is like a train that is nearly always late
Andhika Suryadharma, Research Analyst Mass rapid transportation facilities in Indonesia remain undoubtedly inadequate and underutilized.Recently, a friend told me about a trip to Surabaya when he was forced to make a stop in Semarang station in order to use the bathroom as the toilet on the train...
Thu, 23 Apr 2009
RI to hold Indonesian products exhibition
Mustaqim Adamrah, The Jakarta Post, Jakarta The government will hold an exhibition of a wide range of Indonesian products on May 13 through 17.The exhibiton, organized by the Industry Ministry, will display, among others, capital goods and heavy equipment, the ministry's secretary-general Agus...
Thu, 23 Apr 2009
Handicraft exports down eight percent on sluggish demand
The Jakarta Post, Jakarta The total value of handicraft exports dropped by eight percent last year due to a slowdown in global demand for Indonesian products, Trade Ministry says.Trade Minister Mari Eka Pangestu said in Jakarta Wednesday that the handicrafts export in 2008 had plummeted to US$ 570...
Thu, 23 Apr 2009
ITS develops alternative fuel from waste, tides
Surabaya's 10 November Institute of Technology (ITS) will focus on developing alternative fuels from the marine sector in an effort to anticipate the energy crisis in Indonesia.Besides developing biofuel from Jatropha and rubber seeds, ITS will also process banana and plastic waste into ethanol as...
Thu, 23 Apr 2009
Dreaming of Cheap Cars
And Tempo editorializes that putting more cars on the streets would be a dumb idea.Cheap Cars For What?EditorialTempo Magazine No. 34/IX | April 21-27, 2009Given the current state of the infrastructure, cheap cars are the last thing we need. Public transport is more important.
Thu, 23 Apr 2009
Dreaming of Cheap Cars
Originally Posted By: TempoUnfortunately, local investors are not yet interested in producing such cheap cars. “We’ve approached them…It seems they’re concerned about the risks, because car manufacturing requires large investments,” said Budi.
Thu, 23 Apr 2009
Dreaming of Cheap Cars
Dreaming of Cheap Cars for the WorldTempo Magazine No. 34/IXApril 21-27, 2009The government wants to turn Indonesia into the world’s cheap-car production base. Incentives will be provided, but there will be several constraints.
Wed, 22 Apr 2009
Smart Corp to build new CPO refinery
PT SMART Corp. plans to build a crude palm oil refinery to cost up to $50 million in Jakarta in the second half of this year, Asia Pulse reported on Thursday.The project was originally to be carried out in May last year, company investor relations director Pintasari Chandra told Investor Daily.
Wed, 22 Apr 2009
Will the Economy Improve? Yes, No, Maybe, Say Analysts
Several domestic economic indicators in the first quarter were showing signs of bottoming out, three economists said, meaning the economy might not slump much further this year. Despite this, it was too soon to say whether the improvements were the “green shoots” of recovery or just a...
Wed, 22 Apr 2009
New Investments in Bali Drop Ambitious Invetsments Targets
Ambitious Invetsments Targets Unlikely to Be Achieved in 2009. Calls for Stronger Sanction in New Zoning Law to Protect Bali's Environment.(4/20/2009) During the first quarter of 2009, the investment picture in Bali became stagnant with no new applications for domestic projects and only Rp.
Wed, 22 Apr 2009
Investors see RI market as 3rd most optimistic
The Indonesian capital market has retained its position as the third most optimistic market in the Asia-Pacific region in the first quarter of this year.A survey released last week by the Dutch financial services giant ING, placed Indonesia after India and China, strengthening its position as one...
Wed, 22 Apr 2009
Government Asked to Intervene in Carrefour Case
Tuesday, 21 April, 2009 | 12:29 WIBTEMPO Interactive, Jakarta:The Business Competition Monitoring Commission (KPPU) is urging the government to immediately intervene in the case of monopoly charges against Carrefour.
Wed, 22 Apr 2009
Govt moves to end KAI's railway monopoly
The government will soon introduce a regulation paving the way for the liberalization of the railway sector, with an analyst highlighting the need for equal treatment among players, to attract private companies and investment.
Thu, 16 Apr 2009
Consumer confidence improves ahead of elections
Consumer confidence improved in March to its highest level since December 2007, a Bank Indonesia (BI) survey showed, thanks to campaign spending by political parties ahead of elections, Reuters reported.