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Sun, 05 Apr 2009
Anti-Monopoly Board Says Carrefour Faces Millions Of Dollars in Fines
We already have this thread.
Sun, 05 Apr 2009
Chinese tourist arrivals in Bali up 11.35 pct
Denpasar, Bali (ANTARA News) - A total of 34,539 Chinese tourists visited Bali in the first two months of 2009, accounting for 11.35 percent of the total foreign tourist arrivals to the resort island over the period."The number of Chinese tourists increased 5,740 or 19.
Sun, 05 Apr 2009
Government to Closely Scrutinize Foreign Workers
that attitude has always amazed me. what company would be stupid enough to employ a foreigner, when they could get an equivalent qualified indonesian to do the same job for 2,3,5,10 times less cost?
Sun, 05 Apr 2009
Government to Closely Scrutinize Foreign Workers
They still seem to believe that these nasty foreign Companies will employ expats at multiples of the cost, even though suitably qualified locals are available?
Sun, 05 Apr 2009
As of 2010, all means af sea transport must fly Indonesian flag
Medan (ANTARA News) - All means of sea transport operating in Indonesia need to fly the Indonesian flag as of 2010."Meanwhile, commodities imported using government funds must use Indonesian ships," head of the foreign sea transportation sub directorate of the transportation ministry,...
Sat, 04 Apr 2009
Government to Closely Scrutinize Foreign Workers
Government Worried that Economic Crisis will Bring Flood of Foreigners Looking for Work.(4/4/2009) The Department of Manpower and Transmigration (Depnakertrans) will tighten permission for foreign workers in anticipation of a coming wave of foreigners traveling to Indonesia, seeking work during the...
Sat, 04 Apr 2009
Small Suppliers May Be Certified Soon As Retail Sector Becomes Sophisticated
As Indonesia’s retail sector grows more sophisticated, there is an increasing need for a set of professionally certified standards for suppliers, many of whom are small operators who lack an understanding of trading terms, the country’s retailer association says.
Sat, 04 Apr 2009
Three Islands in Riau Find That Not All Are Free in FTZs
Despite the designation of three Riau islands as free trade zones, the government will continue to control the import of primary commodities like sugar and rice into these areas, Diah Maulida, the director general of foreign trade at the Trade Ministry, said on Thursday.
Sat, 04 Apr 2009
Tourist arrivals in Bali down 15.57 pct in February
Denpasar (ANTARA News) - The number of foreign tourists visiting Bali fell 15.57 percent to 139,282 in February from 164,962 in January."Compared to February 2008, the number of tourist arrivals in February 2009 dropped 9.
Fri, 03 Apr 2009
Indonesia ramps up infrastructure with new fiber optic networks
god, don't i know. my bali branch has to connect to my jakarta intranet everyday, and it's pure pain to use. decent broadband in bali is years overdue. the bureaucrats/govt there truly do not understand the importance of this to investment, esp.
Fri, 03 Apr 2009
Indonesia ramps up infrastructure with new fiber optic networks
Thank God for that, bring it on! In the meantime, in Darkest Bali, we remain stuck with Speedy, which is oxymoronic. Actually, no just plain moronic. You too can have dialup download speeds from a "Broadband" service which is only actually connected half the time anyway!!
Fri, 03 Apr 2009
RI asks for fairness on protectionism
Mustaqim Adamrah, THE JAKARTA POST, LONDON Indonesia has asked for fair treatment concerning protective economic policies taken by developing countries in response to the global crisis, Trade Minister Mari Pangestu said Wednesday in London.
Fri, 03 Apr 2009
Indonesia ramps up infrastructure with new fiber optic networks
Subsea cables to improve domestic and overseas linksIndonesia is ramping up its submarine network cabling infrastructure with the first quarter of this year by installing two subsea cable projects totalling US$300 million to improve high-speed domestic and overseas network.
Fri, 03 Apr 2009
Higher Soybean Demand Seen for Indonesia
Singapore. Indonesia, the largest US export market for soybeans in Southeast Asia, is likely to increase purchases of the beans this year, a US executive said, despite an overall decline in demand in Southeast Asia predicted at as much as 10 percent.
Fri, 03 Apr 2009
Anti-Monopoly Board Says Carrefour Faces Millions Of Dollars in Fines
French supermarket chain PT Carrefour Indonesia could face a hefty penalty of up to Rp 25 billion ($2.2 million) if it is found to have been involved in unfair or monopolistic business practices, an official at the Business Competition Supervisory Commission, or KPPU, said on Thursday, after the...
Thu, 02 Apr 2009
Gold mine dispute seen as test case for Indonesia
Around Indonesia in 180 Days would be a suitable title for the latest foreign investor soap opera to emerge from south-east Asia’s largest economy. That is how long international arbitrators have given Newmont Mining of the US and Sumitomo of Japan to divest 17 per cent of a subsidiary that owns...
Thu, 02 Apr 2009
Indonesia To Change Beef Import Regulations
A senior official at the Ministry of Agriculture says new regulations have been drafted to open Indonesia’s market to beef imports from countries with foot-and-mouth disease.To date, such imports have been prohibited, leaving Indonesia reliant on beef from Australia and New Zealand to make up for...
Thu, 02 Apr 2009
Government Grants Exemptions From New L/C Rules to Designated Exporters
The government says it will temporarily exempt exporters that are already bound by contractual obligations from the unpopular requirement to obtain letters of credit from local banks, which came into force on Wednesday.
Thu, 02 Apr 2009
Newmont Divestment Raises Eyebrows
The decision by an international arbitration unit based in Jakarta to order the US-based Newmont Mining Corp. to divest its holdings in the copper and gold-rich PT Newmont Nusa Tenggara mine is being watched closely by mining interests both domestically and internationally, because of allegations...
Thu, 02 Apr 2009
Exports and Imports Weaken in February
The nation’s exports continued to fall in February, off by nearly 33 percent year-on-year and 1.02 percent month-on-month to $7.08 billion, the Central Statistics Agency, or BPS, announced on Wednesday.Analysts said the trade picture would likely deteriorate further as the global economy weakens.
Thu, 02 Apr 2009
Newmont loses Indonesian share dispute: minister
Jakarta (ANTARA News) - International arbitrators have ruled in favour of Indonesia in a dispute with US giant Newmont Mining Corporation over the mandatory divestiture of shares, the mining minister said Wednesday.
Wed, 01 Apr 2009
Official Claims New Legislation Is Vindicated As Overseas Firms Line Up for Mining Licenses
The new Law amounts to "You can spend as much money as you want on exploration but once you find something useful a whole list of Agencies want to get their grubby fingers in the till". Not a wildly attractive proposition, perhpas explaining why Indonesia has lost market share of new...
Wed, 01 Apr 2009
Indonesia Government: 'Won' Arbitration Case Against Newmont Unit
Wow. Bakrie must have looked for lawyers outside the AGO.
Wed, 01 Apr 2009
Govt. pours more funds into city’s MRT project
This seems to be going ahead, funded with an almost $1 billion loans from Japan.
Wed, 01 Apr 2009
Govt. pours more funds into city’s MRT project
Jakarta city administration received a $7.7 million grant from the central government to speed up the construction of the city’s first-ever mass rapid transit (MRT) project, The Jakarta Post reported.
Wed, 01 Apr 2009
Jakarta says big plans in store for Kemang
Kemang in South Jakarta will be transformed into a modern city without high-rise buildings, the head of the Jakarta’s spatial planning agency announced, reported The Jakarta Post. Wiriyatmoko said Kemang would be developed where sidewalk cafes, boutiques and homey restaurants lay side by side on...
Wed, 01 Apr 2009
Indonesia Government: 'Won' Arbitration Case Against Newmont Unit
JAKARTA -(Dow Jones)- The Indonesian government said Wednesday that it had " won" an arbitration case against a local unit of Newmont Mining Corp., (NEM) after arbitrators ruled Newmont must divest 17% of the unit within 180 days from Tuesday.
Wed, 01 Apr 2009
Official Claims New Legislation Is Vindicated As Overseas Firms Line Up for Mining Licenses
The Energy and Mineral Resources Ministry is expected to issue six mining licenses under the country’s new mining law over the next two months to five companies, including to Anglo-Australian miner Rio Tinto and Canada's Barrick Gold Corporation, a ministry official said Tuesday.
Wed, 01 Apr 2009
CPO Firms Won Big in 2008, but Now Face Tough Odds
With the corporate reporting season now in full swing, the country’s plantation companies have been busy trumpeting their bumper profits last year. But analysts say that joy is likely to be short-lived as the global slump impacts demand for crude palm oil, leading to a significantly reduced...
Tue, 31 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Originally Posted By: MarmaladeWho cares? I found Lombok pleasant but dull. Now the Gili's... You may find it boring, but with an airport the size of Heathrow under construction, and the on-again, off-again resort project whose size would rival any resort in the world - Lombok is hardly boring from...
Tue, 31 Mar 2009
Indonesia’s robust agricultural sector provides food security
IRANGIKA RANGEIndonesia is no longer export-dependent and its robust agricultural sector has provided food security. That is why Indonesia is still in a position to achieve at least a four percent economic growth in spite of the global crisis, visiting Indonesian Foreign Affairs Minister Dr.
Mon, 30 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
I see there was a story from Antara saying the project was back up and running, though the story failed to mention Emaar even once. Nor did it say where the funding for the project was coming from.
Mon, 30 Mar 2009
Kadin calls for swift steps as economy under more pressure
Aditya Suharmoko A further downward revision of Indonesia’s forecast economic growth by the central bank shows the economy is under stronger pressure from the global financial crisis, the Indonesian Chamber of Commerce and Industry (Kadin) says, urging the government to take more rapid steps to...
Mon, 30 Mar 2009
Retail Market Leader Matahari Shines Despite New Regulations
While surveys in recent months have revealed a shift by shoppers from modern retail outlets to traditional markets since the global economic crisis started, Matahari, the country’s biggest department store chain, expects to buck the trend and grow sales by 20 percent this year.
Sun, 29 Mar 2009
100 UEA investors to visit Padang
I would imagine he's done his homework. However, he's a very irritable sort of fellow and after more than a decade in Singapore will find things tougher, somewhat, out in the Indonesian provinces.
Sun, 29 Mar 2009
100 UEA investors to visit Padang
Originally Posted By: Piss SalonIn Padang city.I see all the fish in Danau Maninjau died again. Why do the fish die? Is it high biological oxygen demand from fertilizer runoff? Or a weird hydrogen sulfide lake-burp? Anyway, as far as I can see they just scoop them up and make krupuk out of them.
Sun, 29 Mar 2009
100 UEA investors to visit Padang
In Padang city.I see all the fish in Danau Maninjau died again.
Sun, 29 Mar 2009
100 UEA investors to visit Padang
Where's the hotel? Coz Bukittingi area, only a couple of hours from Padang, is lovely.
Sun, 29 Mar 2009
100 UEA investors to visit Padang
Those scrappy little sandbars close to Padang are crap.Unless they mean the mentawais, which are fabulous but too far away to be practicable except for zealots dead keen on surfing and ethno-botany.
Sat, 28 Mar 2009
KPPU to Probe Claims of Carrefour Monopoly
i don't think circle K and indomaret have too much to worry about. they are among indonesia's best franchise stores. i'm certain they could match anything carrefour did through Alfa.
Sat, 28 Mar 2009
100 UEA investors to visit Padang
Padang (ANTARA News) - Some 100 investors from the United Arab Emirates (UEA) are expected to visit here late June to explore the possibility of investment, an official said.They would come to West Sumatra to see for themselves small islands off the provincial capital Padang, Padang Mayor Fauzi...
Sat, 28 Mar 2009
KPPU to Probe Claims of Carrefour Monopoly
The Business Competition Supervisory Commission, or KPPU, plans to investigate allegations of monopolistic practices by the local arm of French retail giant Carrefour SA, especially accusations that the retail giant charged the supermarket’s stall-holders “excessive” rental fees.
Sat, 28 Mar 2009
Officials: Economic Growth May Drop To 3% as Exports Tumble
The national economy may only grow by 3 percent this year because of problems caused by rapidly shrinking exports, which are expected to slump to record lows this year, two senior officials said on Friday.
Sat, 28 Mar 2009
RI feels the need for new international currency
Jakarta (ANTARA News) - Indonesia underlined the need for a new international currency for international transactions to reduce the highly unsafe financial sector in view of the strong dependence on the US dollar.
Fri, 27 Mar 2009
Investors Sought For $4.5 Billion in Government Projects
The State Ministry of National Development Planning announced on Wednesday that it was offering eight infrastructure projects worth a total of $4.5 billion to investors through joint government and private sector partnerships.The government said it could afford only about 30 percent of the Rp 1.
Fri, 27 Mar 2009
Medco Eyes Diverting Gas to Batam
A subsidiary of PT Medco is planning to divert as much as 49 billion British thermal units of gas per day initially planned for a power plant in Java to a power plant in Batam Island in Riau Islands Province, an official at the Energy and Mineral Resources Ministry said on Thursday.
Thu, 26 Mar 2009
Indonesian Embassy in Beijing to organize "Indonesia Week"
Beijing (ANTARA News) - The Indonesian Embassy in Beijing is scheduled to organize an "Indonesia Week" from June 16-21, 2009 in Wangfujing to promote investment, tourism, and trade among the Chinese public.
Wed, 25 Mar 2009
No letup in commitments, foreign business chambers pledge
Leaders of foreign chambers of commerce have ensured no letup in their commitment to Indonesia amid the current challenging times marked by a worsening global economic meltdown and general elections at home.
Wed, 25 Mar 2009
ASEAN to ink investment pacts with China, Korea
The Association of Southeast Asian Nations (ASEAN) may soon ink investment pacts with China and South Korea to boost economic integration.The pacts are part of a series of deals under ASEAN’s free trade agreements (FTA) signed withChina in 2005, and South Korea in 2006.
Wed, 25 Mar 2009
Major parties pledge equal treatment of investors
Major parties promised to treat foreign investors equally, although their representatives did not elaborate on whether they would maintain or revise business regulations.These include the list of sectors open to foreign investment and the limit of capital ownership, which is still being revised.