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Wed, 25 Mar 2009
City has big plans in store for Kemang
Kemang in South Jakarta will be transformed into a modern kampung without high-rise buildings, the head of the city's spatial planning agency announced Tuesday.Wiriyatmoko said Kemang would be developed like Kuta in Bali, where sidewalk cafes, boutiques and homey restaurants lay side by side on a...
Wed, 25 Mar 2009
Foreign investors pledge support amidst economic crisis
Around 40 leaders of foreign chambers of commerce and industry have pledged to stay investing, or even expanding their businesses, in Indonesia despite the global economic crisis.The investors said they promised to expand their business and work together to weather the global economic crisis on the...
Wed, 25 Mar 2009
RI resolves rifts with China, mends ties
Erwida Maulia and Aditya Suharmoko, THE JAKARTA POST, JAKARTAIndonesia has moved quickly to resolve a string of business problems plaguing its relations with powerhouse China, a step deemed crucial at a time when Indonesia is struggling hard to survive the deepening global economic downturn.
Wed, 25 Mar 2009
Indonesian president asks foreign investors support to lessen crisis impact
Indonesian President Susilo Bambang Yudhoyono on Tuesday asked foreign investors to support Indonesia's economy to cushion the fallout of the global recession.The president said this in front of president directors and senior executives of foreign-invested companies in Indonesia at the State Palace.
Wed, 25 Mar 2009
Trade Ministry Positive Exporters Will Meet Targets
The European Union is still an important market for Indonesian non-oil and gas commodities, despite shrinking demand and tougher requirements on quality and standards, an official at the Trade Ministry said.
Wed, 25 Mar 2009
Local Business Leaders Give Thumbs Up to China Currency Swap
The local banking and business community has welcomed the $15 billion bilateral currency swap deal signed by Indonesia and China on Monday as a positive signal for business activities across the country.
Tue, 24 Mar 2009
SG’s misguided investment
The failure of state-owned PT Semen Gresik (SG), the country’s largest cement maker, to control its “renegade” PT Semen Padang subsidiary should be blamed partly for the flight of almost US$340 million capital when Mexico’s Cemex cement group quit Indonesia in 2006.
Tue, 24 Mar 2009
Asian imports point to `bottoming out` of world trade slump: WTO
Geneva (ANTARA News) - Growth in imports posted by major Asian trading nations in February may be a sign that a world trade slump is "bottoming out," the World Trade Organisation said Monday.Following successive months of decline, import data for China, Singapore, Taiwan and Vietnam...
Mon, 23 Mar 2009
Mining Potential is There, But Indonesia Needs to Look Harder, Analyst Says
Indonesia’s mining industry has the geological potential to reap benefits for another one hundred to 150 years, but the country needs to be more aggressive with its exploration, a mining consultant said this week.
Mon, 23 Mar 2009
Muhamad Al-Azhari Consumer Spending Needed To Offset Decline in Exports
Household consumption - the main engine of Indonesia’s economy - needs to grow at about 3.5 percent this year to compensate for negative growth of non-oil and gas exports and slowing investment, a official from the National Development Planning Board, or Bappenas said.
Mon, 23 Mar 2009
RI's online ad market to go bigger despite crisis: Yahoo
The Jakarta Post , Jakarta | Mon, 03/23/2009 1:22 PM | BusinessThe deepening global financial crisis may provide an opportunity for the online advertising industry in Indonesia to expand, Yahoo says.The US giant Internet service provider said that not only would promotions become more targeted and...
Mon, 23 Mar 2009
Biofuels for the poor
Johannes Simbolon , JAKARTA After being criticized for being slow to develop the local biofuel industry, the Indonesian government has finally issued two important policies; first, a decree issued last year obliging industries and the transportation sector to use biofuels; and second, its recent...
Mon, 23 Mar 2009
Indonesia not to let rupiah fall to help export
Aditya Suharmoko , THE JAKARTA POST , JAKARTA Indonesia is unlikely to follow the path taken by regional peers to allow the local currency to fall against the dollar to make exports more competitive amid slumping global demand: BI official says.Bank Indonesia (BI) deputy governor Hartadi A.
Mon, 23 Mar 2009
India explores investment opportunities in South Sulawesi
Indian Ambassador to Indonesia, Biren Nanda, met with South Sulawesi governor Syahrul Yasin Limpo to explore investment opportunities between the two countries in Makassar on Monday."South Sulawesi holds a very important role in Indonesia.
Sun, 22 Mar 2009
Indonesia resources sector and foreign involvement
March 22 (Reuters) - Indonesia has some of the world's top reserves of energy and minerals, although in recent years it has struggled to attract enough investment to maximise development of rich deposits that include coal, gas, copper and nickel.
Sun, 22 Mar 2009
Indonesia's Sinar Mas defends palm oil expansion
JAKARTA (Reuters) - Sinar Mas Group, one of Indonesia's top palm oil growers, denied on Friday accusations that its activities were damaging the environment and said it would stick to plans to expand its plantations.
Sun, 22 Mar 2009
Indonesia resource nationalism stirs before polls
JAKARTA (Reuters) - As Indonesia heads for elections, some politicians are taking a more nationalist line on the country's vast natural resources, a move that could scare off much-needed foreign capital amid the global credit crunch.
Sun, 22 Mar 2009
Indonesia signs over 2m hectares of farmland to Saudi
Saturday, 21 March 2009Indonesia will allocate at least two million hectares (4.9m acres) of farm land to joint ventures with Saudi investors, to be used mainly for the cultivation of rice, a Saudi newspaper reported on Saturday.
Sat, 21 Mar 2009
Villa Phobia in Bali? Bali-Based Writer Says Balinese Fear Villa Invasion with Threaten Island's Culture and Economy
Bali-Based Writer Says Balinese Fear Villa Invasion with Threaten Island's Culture and Economy.(3/21/2009) Writing for the AAP NewsWire, Bali-based writer Marion Carrol published a provocative article saying that the Balinese are calling on their government to halt the current villa boom in order...
Sat, 21 Mar 2009
Plan to open Indonesia trade promotion center in Shanghai canceled
Originally Posted By: Piss SalonWHAT FUCKING REGULATION MOTHERFUCKERS the regulation forbidding Indonesian Trade Promotion Centres in Shanghai, you moron! i mean, it isn't half obvious, is it?
Sat, 21 Mar 2009
Plan to open Indonesia trade promotion center in Shanghai canceled
The center could not be established in Shanghai because of a new regulation ...."We had planned to open the ITPC in Shanghai but because of a new regulation ....She said the plan to establish ITPC in Shanghai would not be realized because of a new regulation ....
Sat, 21 Mar 2009
Japanese Investors Eye Purbalingga
TEMPO Interactive, Purbalingga:A number of Japanese investors intend to invest in food production in Purbalingga regency. “At least 171 Jpanese companies are interested in investing in crystal coconut sugar produced by Purbalingga,” said Djoko Triwinarso, Purbalingga Secretariat spokesperson,...
Sat, 21 Mar 2009
Indonesia`s Utd Tractors sees big fall in heavy equipment sales
Jakarta (ANTARA News/Asia Pulse) -- Heavy equipment sales by PT United Tractors (JSX:UNTR) totaled only 439 units in February down 48.83 per cent from the same period last year.Declines were recorded in sales to all sectors including agribusiness, construction, mining and forestry sectors, Ari...
Sat, 21 Mar 2009
Plan to open Indonesia trade promotion center in Shanghai canceled
Beijing (ANTARA News) - Indonesia has canceled its plan to open Trade Promotion Center (ITPC) in Shanghai and is now looking for another Chinese city where the center can be set up.The center could not be established in Shanghai because of a new regulation issued by the local government, visiting...
Fri, 20 Mar 2009
Exports may plunge 28% this year: BI
Aditya Suharmoko, THE JAKARTA POST, JAKARTA The central bank on Thursday painted a bleak picture of the country's economy, forecasting non-oil and gas exports to plunge by as much as 28 percent this year, as the world economy dives into negative growth for the first time since World War II.
Fri, 20 Mar 2009
Binani Cement soon to ink deal with Indonesian coal mine
Kolkata, March 19 : Cement manufacturer Binani Cement is in the last stage of finalising a deal with an Indonesian coal block for long-term mining rights, a top official said here Thursday."We will finalise the deal very soon.
Fri, 20 Mar 2009
MSE Earthstone resources acquires 100 per cent economic rights of coal tenement in Indonesia
Jakarta (Indonesia) Mar 18 (Business Wire India): MSE Earthstone Resources FZC, part of Earthstone Group, a diversified mining company, today announced the acquisition of 100 per cent economic rights for coal tenement extensively spread over 2,560 Hectares in the thermal coal resource region of...
Thu, 19 Mar 2009
Honda to make minivan in Indonesia
What an ironic name given that Jakartan drivers of the "Freed" will instead be trapping themselves in a little metal tin for up to a fifth of their waking lives.
Thu, 19 Mar 2009
Honda to make minivan in Indonesia
Hmm -- I wonder what they will price this little beast at? I wonder if it will be around the same price as the APV? If it is then I may think about a little swap
Thu, 19 Mar 2009
Government May Drop Taxes To Spur Refinery Construction
Indonesia, Southeast Asia’s biggest oil importer, is searching for ways to persuade investors to build oil refineries to process the country’s crude supplies, including cutting taxes to zero on construction inputs and income, Energy Minister Purnomo Yusgiantoro said on Wednesday.
Thu, 19 Mar 2009
Govt to require civil servants to use domestic products
Jakarta (ANTARA News) - The Indonesian government will soon make it obligatory for civil servants, military and police personnel to use domestic products in an effort to improve the performance of national industries.
Thu, 19 Mar 2009
Mari Pangestu: automotive exports hit hardest
Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said Indonesia`s automotive exports had been hit by the current global economic crisis."Exposure of the electronic industry is not too big. Automotive exports will likely be hit the hardest.
Thu, 19 Mar 2009
Dark times in taxation sector now over, president says
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono asked all sides to let the dark times of taxation in the past be bygones and to enter an era where taxation is managed through a modern administration system.
Thu, 19 Mar 2009
Honda to make minivan in Indonesia
Japan’s second-largest automaker Honda Motor will make and sell the Freed minivan in Indonesia from June, the model’s first overseas foray, Bloomberg reported.The company also plans to export the Freed from Indonesia to other countries in Southeast Asia by the end of this year, Honda said...
Thu, 19 Mar 2009
Hutchison to build 3,000 new BTS units
PT Hutchison CP Telecom (HCPT) Indonesia plans to build 3,000 new units of base transceiver station (BTS) bringing the number of its BTS to 9,000 units by the end of this year, Investor Daily reported Saturday.
Thu, 19 Mar 2009
Obama, Yudhoyono discuss economic crisis
you can just imagine the conversation can't you?SBY: Well we are a poor country and need lots of money to ensure we can continue to be a "moderate" muslim nation. Obama: How much do you needSBY: How much have you got?
Thu, 19 Mar 2009
Biznet to invest Rp300B in fiber optics
An internet service provider and operator of fiber optic networks Biznet Network said it will invest up to Rp300 billion to build new fiber optic networks in the country this year.Biznet President Adi Kusma said the company will build a total of 500 km of fiber optic networks in Jakarta, Surabaya...
Thu, 19 Mar 2009
Sinar Mas to build new cooking oil factory
Sinar Mas Group said it will have a new cooking oil factory to start operation in Bekasi in July this year with a capacity to produce 1,000 tons per day, Bisnis Indonesia reported Friday.The new factory will increase the daily production capacity of Sinar Mas to 3,200 tons of cooking oil with crude...
Thu, 19 Mar 2009
Semen Tonasa to build fifth cement plant
Cement producer PT Semen Tonasa will start construction of its fifth production facility with an annual production capacity of 2.3 million tons in April, Investor Daily reported on Tuesday.The subsidiary of state cement producer PT Semen Gresik now has four factories.
Thu, 19 Mar 2009
Obama, Yudhoyono discuss economic crisis
US President Barack Obama on Friday spoke to President Susilo Bambang Yudhoyono about the global economic crisis, underscoring warming relations between the two countries.Few details of the telephone call were released but Indonesia recently asked US Secretary of State Hillary Clinton for stand-by...
Wed, 18 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Actually It started with and then ran with it the next day (i think). The correction was in the business section
Wed, 18 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Originally Posted By: Piss SalonThey've bailed. Alwi Shihab is scrambling to cover his arse.That story certainly caused one or two ripples. It looks like they complained to the Globe, eh? Did anyone's globes get clamped in the vice as a result?
Wed, 18 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Originally Posted By: Piss SalonOriginally Posted By: Roy's Hair , always first with the hard hitting news... I'm claiming this one. Ah yes OK then. fail
Wed, 18 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
Originally Posted By: KuKuKaChuNeither Emaar Indonesia nor its parent company have made an announcement that they are quitting Indonesia.We regret the error. fail?
Wed, 18 Mar 2009
Emaar Withdraws From US$600 Million Lombok Project
From The Jakarta GlobeGovernment Insists Lombok Deal Not Deadby Janeman LatulHigh-ranking Indonesian government officials and Emaar International PJSC have denied that the Dubai-based development company has killed its massive $600 million project to turn a major portion of Lombok Island into...
Wed, 18 Mar 2009
Down, sale of car, motorcycle parts and equipment
Medan, N Sumatra (ANTARA News) - The sale of car and motorcycle parts and equipment in Indonesia has dropped very sharply along with the drop in the sale of motor vehicles by 23 percent in January."Car and motorcycle equipment sales are hindered by illegally imported products in the...
Tue, 17 Mar 2009
Retailers accept new rules
Retailers have agreed to comply with a new regulation that puts limits on listing fees and trading terms that retailers may charge suppliers.Despite its compliance, the Indonesian Association of Retailers (Aprindo) said the regulation would hurt its profit margin even more during these adverse...
Tue, 17 Mar 2009
Rattan craftsmen greet Mari with protests
In an ironic twist during her campaign for the development of creative industries, Trade Minister Mari Elka Pangestu was met Sunday with protests during her visit to a center of creative industry in Cirebon, West Java.