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Thu, 16 Apr 2009
Business welcomes election result, urges more reforms
The Indonesia Stock Exchange’s Composite index may rise 23% by the end of the year after a record decline in 2008 on expectations the elections will promote stability, the nation’s biggest pension fund said, Bloomberg News reported.
Thu, 16 Apr 2009
Real Estate Down and Out As Jakarta Market Hits Skids
The Jakarta property market is in a serious slump, with first-quarter demand sharply down across almost all sectors, and the industry is unlikely to see improvement until next year, analysts said on Wednesday.
Thu, 16 Apr 2009
CSR remains mandatory for firms, court rules
Corporate social responsibility (CSR) will remain mandatory for companies, after the Constitutional Court upheld a provision obliging such programs, dashing the interests of the business community.The latter, represented by several associations, argued that CSR programs should be voluntary,...
Thu, 16 Apr 2009
Indonesia optimistic its economy will grow 4.5 percent
Originally Posted By: chewwyUKYour glass is always half empty kuku! we're doomed, i tell you, we're doomed.
Thu, 16 Apr 2009
Indonesia optimistic its economy will grow 4.5 percent
Your glass is always half empty kuku! The outlook in Indonesia a hell of a lot better than Europe / USA / Singapore and we should thank our lucky stars!
Thu, 16 Apr 2009
Indonesia optimistic its economy will grow 4.5 percent
don't get too smug! indonesia is insultated to a degree due to the strength of its domestic economy (assisted by huge injections of election campaign money), and to the fact that it does not have a long way to fall.
Wed, 15 Apr 2009
New customs measures to help exporters
Aditya Suharmoko, THE JAKARTA POST, JAKARTA The Finance Ministry’s directorate general of customs and excise has issued a policy extending the period of use of raw materials and capital goods for re-export to 24 months.
Wed, 15 Apr 2009
Indonesia optimistic its economy will grow 4.5 percent
Jakarta (ANTARA News) - Indonesia is optimistic its economy will grow 4.5 percent in 2009 in spite of the impact of the global financial crisis on several of its economic sectors.Its finance minister Sri Mulyani Indrawati said after a limited cabinet meeting on economy on Monday "our...
Wed, 15 Apr 2009
Rupiah Could Strengthen To 10,000: Barclays Report
The rupiah may advance to its highest level against the dollar since October in the next six months as an improving global economy spurs foreign investors to buy the nation’s assets, according to Barclays Capital.
Tue, 14 Apr 2009
KPPU, Carrefour monopoly hearing stalemate
The Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) has declared the retailer’s recent acquisition of publicly listed rival PT Alfa Retailindo is in line with regulations. However, the monopoly watchdog KPPU has announced its objection to the takeover over concerns...
Tue, 14 Apr 2009
Indosmelt plans US$500 mln copper proccesing plant in Sulawesi
Jakarta (ANTARA News/Asia Pulse) -- Indonesia's PT Indosmelt plans to build a copper processing factory in the regency of Maros, South Sulawesi with an investment of US$500 million.Construction of the project will start next year in cooperation with an Australian investor Ausmelt (ASX:AET),...
Tue, 14 Apr 2009
North Sulawesi to Have Geothermal Energy
Tuesday, 14 April, 2009 | 14:37 WIBTEMPO Interactive, Jakarta: The State-owned geothermal company (PLTP) Lahendong units 1, 2, and 3, will supply electricity for people in North Sulawesi by using geothermal energy.
Tue, 14 Apr 2009
Malaysian co to jointly develop petroleum city in Indonesia
Seremban, Malaysia (ANTARA News/Asia Pulse) - The Al-Aidid Petro Corporation Sdn Bhd (APCSB), is set to undertake the development of an integrated petroleum city on Breueh Island in northern Aceh, Indonesia.
Tue, 14 Apr 2009
Indonesia in search for foreign investors
ISTANBUL - Indonesia has set a goal to attract $358 billion of private investment by 2010 and hopes foreign investors, including Turkish businesses, will provide some of the capital, Muhammad Lutfi, chairman at Indonesia’s investment coordinating board, said in Istanbul yesterday.
Tue, 14 Apr 2009
Carrefour Questioned On Alleged Monopoly
The Business Competition Supervisory Commission, or KPPU, brought PT Carrefour Indonesia in for questioning on Monday as part of a probe into allegations that the French supermarket chain was operating a monopoly.
Mon, 13 Apr 2009
RI exports may drop by 50% in Q2, Kadin says
Originally Posted By: biznews[size:14pt]RI exports may drop by 50%The government has allocated a Rp 73.3 trillion ($6.4 billion) stimulus package to help cushion the impact of the crisis. (fmb/hdt) Thats a lot of viagra!
Mon, 13 Apr 2009
Smuggled food & beverages up as controls weaker in elections
Mustaqim Adamrah, THE JAKARTA POST, JAKARTA Smuggled food and beverages have entered northern parts of Sumatra because of weakening government supervision during elections, alleges a business association.
Mon, 13 Apr 2009
Consumption boosts growth
We believe Finance Minister Sri Mulyani Indrawati’s preliminary estimate that Indonesia’s economy could have expanded by 4.6 percent in the first quarter was by no means dressed up to make the Susilo Bambang Yudhoyono government look good in the July presidential election.
Sun, 12 Apr 2009
Villa construction frenzy paving Bali paradise
Sounds like the time is ripe for a little land reform at the sharp end of a sabit.
Sun, 12 Apr 2009
Villa construction frenzy paving Bali paradise
PC No its a diversion, but the central issue is valid. Bali is being destroyed and water rights are certainly a part. the major issue is zoning. Many foreigners want a "Rice field view" when they buy their dream.
Sun, 12 Apr 2009
Villa construction frenzy paving Bali paradise
I imagine absentee landlords owning a lot of property are a bad thing, and the developments are pretty insensitive. But without getting into that, I am wondering specifically about the water/swimming pool issue.
Sun, 12 Apr 2009
Villa construction frenzy paving Bali paradise
No, it has to stop. The development is destroying life for the Balinese and, in the process, destroying the beauty of the place which brought us all here in the first place. Some of us over 30 years ago. It's time to stop and take a new look at the big picture for the long term.
Sun, 12 Apr 2009
Holes in Indonesia's mining law
But of course the Indians and Chinese are much more attuned to and prepared the play the local rules and smooth the process. Another reason, IMHO, why this is a step backwards if Indonesia truly wants to reform. Still at issue of course.
Sun, 12 Apr 2009
Villa construction frenzy paving Bali paradise
CANGGU, Indonesia (AFP) - Villas are part of the latest building boom on the famous Indonesian holiday island of Bali, where homes for wealthy holidaymakers and expatriates are mushrooming across the bottle-green landscape.Some see the growth of the villas as a boon.
Sun, 12 Apr 2009
Bali Halts New Hotel, Homestays and Villa Construction
Development Moratorium Exempts Projects Holding Permits Issued Prior to 2009.(4/11/2009) Kompas reports that following criticism and input from a number of sources inisting Bali's environment is under severe threat, the Provincial Government of Bali has decided to refuse new permits for hotels,...
Sun, 12 Apr 2009
Holes in Indonesia's mining law
You're talking your book, which is fine.Regarding Copper, if there is no new investment there is no new production and nothing new to ship, so it has to come from Chile?Regarding coal and mining in general, Western MNC Companies make LARGE investments, employ large numbers of people, put resources...
Sun, 12 Apr 2009
Holes in Indonesia's mining law
Originally Posted By: Dontpanic1. In SHARE terms, Indonesia continues to decline, losing out in particular to Chile, which has a more accomodating FDI regimen.perhaps, but transport costs from Chile to China or India would be much higher.
Sat, 11 Apr 2009
Holes in Indonesia's mining law
Several interesting issues to discuss. Not that anyone ever does in this section!!1. In SHARE terms, Indonesia continues to decline, losing out in particular to Chile, which has a more accomodating FDI regimen.2. Don't be mislead by the figures for "New" investment.
Sat, 11 Apr 2009
Holes in Indonesia's mining law
JAKARTA - Indonesia's highly anticipated new mining law threatens to become a non-starter just three months after its passage, denting hopes generated over three years of parliamentary debate that a new legal regime would spur more development in the sector.
Sat, 11 Apr 2009
RI exports may drop by 50% in Q2, Kadin says
As the global downturn is still nowhere near recovering, Indonesia’s exports - having dropped 30 percent in the first quarter - will fall even faster in the second three-month period, a business grouping predicts.
Sat, 11 Apr 2009
BI: Processing industry to grow only two percent
Jakarta (ANTARA News) - Indonesia`s processing industry is predicted to grow only two percent this year, down from 3.7 percent in 2008, according to Bank Indonesia`s economic report issued on Wednesday."The slowdown occurs because of decreased exports and domestic demand," it states.
Sat, 11 Apr 2009
UAE advises Indonesia to sign FTA with GCC
Abu Dhabi (ANTARA News) - The United Arrab Emirates (UAE) has proposed to Indonesia to enter into a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC), Indonesian Ambassador to the UAE M Wahid Supriyadi said.
Sat, 11 Apr 2009
Greenearth establishes geothermal entity in Indonesia
JAKARTA, INDONESIA: Greenearth Energy has established a geothermal exploration and development entity based in Jakarta, Indonesia with the aim of establishing a suite of geothermal exploration and development opportunities in the country.
Sat, 11 Apr 2009
Non-Oil Exports May Plummet 30% As Big Contracts Evaporate, Says GPEI
Indonesia’s non-oil and gas exports are expected to plunge as much as 30 percent over the next three months, including rubber, palm oil and mining products, as fewer overseas buyers sign long-term contracts, said Toto Dirgantoro, secretary of the Indonesian Exporters Association, or GPEI.
Sat, 11 Apr 2009
Minister Unlikely to Approve Donggi Senoro Deals
Following conflicting signals, intrigue and confusion - and despite the risk of straining trade relations with Japan - Indonesia seems set to repudiate the provisional gas sale agreements signed by the Donggi Senoro liquefied petroleum gas project, with the energy minister now insisting the gas is...
Sat, 11 Apr 2009
Exports Could Hurt Foreign Debt Repayment
Jakarta - Though President Susilo Bambang Yudhoyono said on Sunday that the government was committed to repaying its foreign debts on time to maintain foreign investor confidence in Indonesia, economists warned that falling exports could affect the country’s ability to make those payments.
Wed, 08 Apr 2009
ADB invests 140 million dollars in Indonesia`s infrastructure
Jakarta (ANTARA News) - The Asian Development Bank (ADB) had approved of an investment up to 140 million US dollars as an Indonesian Infrastructure Financing Facility (IIFF) with government support to help develop infrastructure projects in Indonesia.
Wed, 08 Apr 2009
Possible investment outcomes from Indonesia's polls
JAKARTA (Reuters) - Indonesia holds parliamentary elections on April 9. The outcome will determine who runs in the more important presidential poll on July 8 and influence how Southeast Asia's biggest economy performs in the next five years.
Wed, 08 Apr 2009
7-Eleven to Enter Market; Small Vendors Alarmed
The logo of yet another convenience-store chain will soon be strewn throughout Jakarta, with Dallas-based 7-Eleven, Inc., the world’s largest convenience store firm, announcing on Tuesday it plans to expand its ubiquitous franchise into Indonesia.
Tue, 07 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
Originally Posted By: KuKuKaChuthe root of all indonesia's problems is the military/bureaucracy. Put that way, it sounds remarkably like the US?
Tue, 07 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
That was tried already but had its own problems. I'd suggest either Singapore Inc. or Goldman Sachs?
Tue, 07 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
the root of all indonesia's problems is the military/bureaucracy.ideally, indonesian government and military should be outsourced to a responsible party. like, for instance, a dutch company.
Tue, 07 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
Which in turn explains why most folks don't really see the need for a tax number!The whole sytem needs deleting and a new drive inserted. In most countries, the Government is at least a part of the solution. In Indonesia, the Government is the problem?
Tue, 07 Apr 2009
Indonesian Rupiah May Gain by Year-End as Polls Buoy Investment
I share that view, and I do think that Boediono and Sri have done an excellent job of putting backup borrowing funding in place adequate to get the country through the crisis in what is likely to be a very difficult environment for developing countries to raise capital.
Tue, 07 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
That's almost 1% of Indonesians. Things are looking up. With this kind of penetration rate, the economic model is unsustainable. I mean how can the Government continue stealing from the people when the people simply will not cooperate? That and KPK.
Mon, 06 Apr 2009
Indonesian Rupiah May Gain by Year-End as Polls Buoy Investment
April 6 (Bloomberg) -- Indonesia’s central bank Governor Boediono said the rupiah will strengthen by year-end as investors return to the world’s third-largest democracy after peaceful elections.The rupiah has declined 15.
Mon, 06 Apr 2009
Only 1.9m Out of 12.7m Taxpayers Filed Their Returns
Despite all its efforts to encourage more people to pay taxes, the government only managed to get 1.9 million of the country’s 12.7 million registered taxpayers to file their tax returns as of the March 31 deadline, according to initial data from the Ministry of Finance’s Directorate General of...
Mon, 06 Apr 2009
Exports slide and economy gets worse
Aditya Suharmoko, The Jakarta Post, JAKARTA Exports have continued falling, by another third in February, signaling a further drop in forecast growth, says the Central Statistics Agency (BPS).Exports in February contracted by 32.
Sun, 05 Apr 2009
KPPU to Probe Claims of Carrefour Monopoly
Not sure I would believe any GOI data over Nielsen,even though it is now Dutch, which shows Carrefour having a 7.7% market share. Also, if this is a monopoly, why do they have the best prices out there?Surely, there couldn't be other motives could there? I would be shocked. Shocked.
Sun, 05 Apr 2009
Government to Closely Scrutinize Foreign Workers
Ah yes, but that would be applying common sense and logic?There is still a need to apply a large dose of BS and Xenophobia so as to pass political scrutiny. And you should realise by now, Indonesia is special!!