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Thu, 21 Jul 2011
Exports Indonesia: Three Things Indonesia Needs to Do To Start Competing With Regional Rivals
At the World Economic Forum in Jakarta this month, countries were urged to pursue increasing economic openness and competitiveness to drive new growth in Asia. For a country like Indonesia, which has concentrated on an ever-expanding domestic market, the forum was a timely call for a review of...
Tue, 19 Jul 2011
Tax drama in Indonesia
JAKARTA - A long-running tax saga is keeping this summer's Hollywood blockbusters out of Indonesian cinemas and drawing new negative attention to the country's often dysfunctional and corrupt regulatory environment.
Tue, 19 Jul 2011
Purwakarta Projects New Investments of Rp100 Trillion
TEMPO Interactive, Purwakarta:Purwakarta regency government is optimistic about achieving its Rp100 trillion investment target. Last year, investments were only Rp50 trillion, while up to mid-July this year investments reached Rp60 trillion.
Tue, 19 Jul 2011
Indonesia appoints auditors for green palm oil body
(Reuters) - Indonesia is forging ahead with its own green palm oil body to regulate and punish firms that do not adhere to environmental standards.About a dozen independent auditors for the Indonesia Sustainable Palm Oil (ISPO) standard have been appointed, Gamal Nasir, Director-General of...
Tue, 19 Jul 2011
RI investment in Egypt increases to US$270 million
Cairo (ANTARA News) - Indonesia`s investment in Egypt increased drastically over the past five years to US$270 million while the figure in the 1970-2006 period was only USU$109.31 million, an Indonesian embassy official said.
Mon, 11 Jul 2011
S Kalimantan`s exports increase sharply
Banjarbaru, S Kalimantan (ANTARA News) - South Kalimantan`s non-oil/non-gas exports in the first half of 2011 rose significantly to Rp3.99 billion from Rp2.6 billion in the same period last year.South Kalimantan`s exports grew by an average of 25.
Mon, 11 Jul 2011
Japan interested in building tuna processing plant in Malang
Malang, E Java (ANTARA News) - An Osaka businessman said he became interested in building a tuna processing plant in Malang regency, East Java.The Indonesian Consul General in Osaka Ibnu Hadi when accompanying a group of Japanese businessmen in Malang on Friday said besides the plan to build a tuna...
Mon, 11 Jul 2011
Investment on MP3EI projects worth Rp55.01 trillion
Jakarta (ANTARA News) - The investment made on 19 projects in the framework of the Master Plan for Acceleration and Expansion of Indonesia`s Economic Development (MP3EI) in the first semester of 2011 was recorded at Rp55.01 trillion, a minister said.
Fri, 08 Jul 2011
Vietnam Eyes Indonesian Coal as Own Supply Dwindles: Minister
From: The Jakarta GlobeHanoi. Vietnam, a coal exporter, is projected to import 6.5 million tons of the fuel annually by 2015 as its domestic supply dries up, a minister said.This followed the first import of nearly 10,000 tons of Indonesian thermal coal this year as Vietnam grapples with a rising...
Fri, 08 Jul 2011
Indonesia, EU cooperate to boost capacity in aviation industry
JAKARTA,(Xinhua) Indonesian Transport Ministry Freddy Numberi said on Thursday that Indonesia and European Union (EU) have recently signed a deal to cooperate on aviation industry to boost the capacity in the sector.
Fri, 08 Jul 2011
International cocoa conference to be held in Bali
Nusa Dua, Bali (ANTARA News) - The 5th Indonesian International Cocoa Conference (IICC) and Dinner 2011 will be held in Nusa Dua, Bali, on July 7 and 8, 2011.Organizing committee chairman Antonius Pasaribu said here on Wednesday that the conference would discuss the latest cocoa industrial...
Wed, 06 Jul 2011
Indonesia Energi Mega Boosts Oil Production
VIVAnews - PT Energi Mega Persada pushed oil production by 1,942 barrels of oil per day from the Malacca Strait PSC Block in Riau, Sumatra.According to Energi Mega President Director, Imam Agustino, the additional production is supplied by MD-03 offshore well, which is part of Mengkapan oil field.
Wed, 06 Jul 2011
China to build four cement factories in Indonesia
China to build four cement factories in IndonesiaJakarta (ANTARA News) - China is planning to construct four cement factories in Kalimantan and Papua with a total investment of 2.35 billion US dollars.A memorandum of understanding (MoU) on the cement factories development plan was signed by the...
Wed, 06 Jul 2011
Malaysia wishes to invest in South Lampung plantations
Kalianda, Lampung (ANTARA News) - The Agricultural Development Agency of Negeri Perak, Malaysia, is interested in investing in coconut plantations in South Lampung regency.South Lampung regency administration secretary Sutono said here Friday that they wished to know the potential of coconut...
Wed, 06 Jul 2011
Foreign tourist arrival in Bali up 6.61 pct
Denpasar, Bali Province (ANTARA News) - Bali Island has attracted over 1.05 million foreign tourists during the first five months of 2011.During January-May 2011, Bali received a total of 1,05 million foreign tourists, up 6.
Wed, 06 Jul 2011
Govt discussing tax holiday for investors
Jakarta (ANTARA News) - The government is considering granting a tax holiday to investors who participate in the implementation of the Master Plan for Indonesian Economic Development and Expansion (MP3EI), a minister said.
Thu, 30 Jun 2011
Giving Bali the Business
Hillary Clinton and Eric Schmidt Featured Speakers at July ASEAN Entrepreneur Summit in BaliJakarta Globe reports that the ASEAN Regional Entrepreneurship Summit schedule to be held in Bali in July will host more than 200 business leaders from across the region.U.S.
Thu, 30 Jun 2011
Bali to Have a Local Rail System by 2014?
Government Projects US$2 billion Bali Rail SystemBisnis.com reports that the government is targeting the for a 600 kilometer rail system to be in operation in Bali by 2014 at a total project cost of Rp. 18 trillion (US$2 billion).
Thu, 30 Jun 2011
Japanese Investors to Develop Gas Fields in Eastern Reaches of Nation
ByRirin Radiawati KusumaIn a bid to boost output, the Indonesian government has invited Japanese investors to develop small gas fields in the eastern part of the Southeast Asian nation.The Japan Bank for International Cooperation would help with financing for investors who want to work on those...
Thu, 30 Jun 2011
Swiss-Belhotel to Build Condotel in Balikpapan
TEMPO Interactive, BALIKPAPAN:The Swiss-Belhotel and PT Hasta Kreasimandiri have joined forces to develop a star-rated condotel in Balcony, Balikpapan, East Kalimantan. The 17-storey building overlooking the sea will include a shopping center and playground.
Thu, 30 Jun 2011
OECD says RIs Investment Procedures too Complicated
TEMPO Interactive, Jakarta:Deputy secretary-general of the Organization for Economic Cooperation and Development (OECD) Richard Boucher, says that investment procedures in Indonesia is still too complicated.
Thu, 30 Jun 2011
Weak Global Economy Dampens Foreign Investment
TEMPO Interactive, Jakarta:A beleaguered global economy has weakened investment interest in Indonesia’s agriculture sector despite its natural resource wealth, said Deputy Agriculture Minister Bayu Krisnamurthi.
Thu, 30 Jun 2011
Construction of Belawan Gas Terminal to Begin in October
TEMPO Interactive, Jakarta:State-owned gas company, PT Perusahaan Gas Negara (PGN), is set to begin its construction of a natural gas recipient terminal in Belawan, North Sumatra. “We are expecting to start by October,” CEO Hendi Prio Santoso said in Jakarta on Monday.
Thu, 30 Jun 2011
Antam Develops Five Projects
TEMPO Interactive, Jakarta:PT Aneka Tambang is developing five projects to anticipate the implementation of Law no. 4/2009 on Mineral and Coal Mining in 2014. Antam CEO Alwin Syah Loebis, said he hoped the project would increase the company’s value and financial performance.
Tue, 28 Jun 2011
Mig33 Expands Further in Indonesia
TEMPO Interactive, Jakarta:The social-networking mobile application, mig33 in Indonesia, is stepping up its position by recruiting a number of senior managers. The additional resources are expected to boost its community growth and explore new demographics.
Tue, 28 Jun 2011
Thousands of tourists visit Pagaralam
Pagaralam, S Sumatra (ANTARA News) - In 2010 some 10,340 tourists visited Pagaralam city, S Sumatera, head of Pagaralam tourism, art and cultural agency H Syafrudin said."Each year tourists come to Pagaralam in increasing number, and up to December last year their number has reached 10,340...
Tue, 28 Jun 2011
Foreign investment to Indonesia to increase: Observer
Jakarta (ANTARA News) - Money market analyst Farial Anwar has predicted that foreign investment in the domestic market would increase in the face of upward trend of the country`s economic growth.He said here on Monday that foreign investors, particularly those from United States and European...
Fri, 24 Jun 2011
China agrees to support Indonesia's economic master plan
From:The Jakarta Post, Jakarta Indonesia and China have agreed on the establishment of a working committee reflecting China's support of Indonesia's 2011-2025 Master Plan for the Acceleration and Expansion of Indonesian Economic Development (MP3EI).
Fri, 24 Jun 2011
Foreign Investment in Indonesia Lags Regional Rivals: Report
From: The Jakarta GlobalBy Muhamad Al AzhariForeign direct investment has shown little growth as a percentage of gross domestic product since 2008 and “continues to underperform that in regional peers,” a leading bank says.DBS Bank research noted that latest figures showed FDI totals 2.
Fri, 24 Jun 2011
Indonesia May Cap Palm Oil Export Tax at 20%: Official
from: The Jakarta GlobeIndonesia, the world’s leading palm oil producer, may cap its maximum edible oil export tax at 20 percent instead of 25 percent, an official at the Industry Ministry said on Thursday.
Thu, 23 Jun 2011
Dubai World May Bail on Bakrieland’s Rasuna Epicentrum Project
From: The Jakarta GlobeBy: Yudith Ho Bakrieland Development, Indonesia’s second-biggest property developer by assets, said its partner Dubai World may pull out of a real estate project in Jakarta and expects a decision within three months.
Thu, 23 Jun 2011
Indonesian Middle Class Grows, Shoe Market Up
VIVAnews – The Indonesian Shoe Manufacturers Association (Aprisindo) stated that national shoe market would keep growing. This is in line with the rise of per capita income and the number of middle-class people in Indonesia.
Thu, 23 Jun 2011
Investment in Housing Growing by 60 Percent
TEMPO Interactive, Jakarta:Developers are accelerating their housing projects to meet a 60 percent increase in demand for re-investment. “Young professionals are the main enthusiasts who are taking advantage of available mortgages,” said Muhammad Reza Makkawaru, the Imperium Mice CEO, yesterday.
Thu, 23 Jun 2011
Suzuki to declare Indonesia production base
JAKARTA, (Xinhua) Japanese automobile and motorcycle manufacturer Suzuki plans to make Indonesia as its regional production base and add investment by over 800 million U.S. dollar, Indonesian Industry Minister MS Hidayat has said.
Thu, 23 Jun 2011
30 Sudan businessmen wish partnership with Indonesia
Cairo (ANTARA News) - Thirty construction businessmen from Sudan are currently in Jakarta to explore cooperation prospects with their Indonesian counterparts.Their visit to Indonesia has also been related to Indobuildtech in Jakarta from June 22 to 26, 2011, the Indonesian embassy in Khartoum said...
Wed, 22 Jun 2011
Japanese Textile Companies to Expand to Indonesia
TEMPO Interactive, Jakarta:At least 20 Japanese textile companies plan to open outlets and build textile factories in Indonesia. “From weaving machines to dipping machines, there are a range of different producers looking at the option,” said Indonesian Textile Association chairman, Ade...
Mon, 20 Jun 2011
Japanese exports drop 10.3 percent in May
From: The Jakarta PostJapan's exports in May dropped 10.3 percent from a year earlier, hit by massive production losses in the auto sector following the earthquake and tsunami disasters, the government said Monday.Exports shrank to 4.
Mon, 20 Jun 2011
Govt to Put into Orders Oil&Gas Contracts
VIVAnews – The government is putting in order several contracts that involve foreign ownership in some projects in Indonesia. The foreign contracts to be organized are inheritance from the past.“The foreign ownerships are attached in very old contracts,” said Coordinating Minister Economy...
Mon, 20 Jun 2011
Investors Alert as Rupiah Falls
TEMPO Interactive, Jakarta:The global stock market collapse of 2008 coupled with huge state debts in Greece and Ireland has led to volatility in the global capital market.The composite stock price index (IHSG) on the Indonesia Stock Exchange (IDX) during yesterday’s trade moved from 53.
Mon, 20 Jun 2011
Some 440,000 foreign tourists expected to visit Borobudur in 2011
Jakarta (ANTARA News) - A total of 440,000 foreign tourists are expected to visit the Borobudur Temple in Central Java in 2011, a temple management official said."The number of foreign tourist arrivals at Borobudur has been quite encouraging lately despite several tragic events such as the...
Fri, 17 Jun 2011
Global entrepreneurship delegation to visit indonesia
Jakarta (ANTARA News) -A Global Entrepreneurship Delegation of 13 leading American entrepreneurs and early-stage investors will visit Indonesia, July 19-24, 2011, the US embassy announced here Thursday.
Thu, 16 Jun 2011
Leading U.S. Entrepreneurs to Visit Indonesia
Jakarta - The U.S. Embassy in Jakarta today announced that a Global Entrepreneurship Delegation of 13 leading American entrepreneurs and early-stage investors will visit Indonesia July 19-24, 2011. The Entrepreneurship Delegation will be led by Mr.
Thu, 16 Jun 2011
EU hopes for increased investment in Indonesia
Jakarta (ANTARA News) - The European Union (UE) hoped a comprehensive economic cooperation with Indonesia under the Comprehensive Economic Partnership Agreement (CEPA) could raise the investment opportunities for European companies in Indonesia.
Wed, 15 Jun 2011
Chevron Bets on $30b Volcanoes in Indonesian Rainforest
Chevron Corp. drilled 84 wells to a depth of two miles beneath the Indonesian rainforest to tap steam, not oil and gas, that’s trapped in the world’s richest store of volcanic energy.The geothermal plant, set among wild orchids and bamboo trees, uses 315 degree Celsius heat to spin turbines 24...
Wed, 15 Jun 2011
Investment opportunities in Indonesia need to be utilized
Jakarta (ANTARA News) - The government, business players, and investors should optimally utilize the wide investment opportunities in Indonesia, director of Quvat Management in Singapore Thomas T. Lembong said here on Sunday.
Wed, 15 Jun 2011
HSBC plans to expand investment in RI
Jakarta (ANTARA News) - HSBC Holdings United Kingdom plans to expand its investment in Indonesia to follow business developments in the country."Indonesia has great potentials to grow," Group Chief Executive of HSBC Holdings United Kingdom Stuart T Gulliver said at the World Economic...
Wed, 15 Jun 2011
Many foreign investors have "bullish" interest in Indonesia
Jakarta (ANTARA News) - Many international investors have a bullish interest in investing in Indonesia, Trade Minister Mari Pangestu said here on Monday."International investors attending the two-day World Economic Forum on East Asia (WEF-EA) in Jakarta from June 12-13, 2011 are showing a...
Wed, 15 Jun 2011
BKPM: Investors in WEF interested in RI
Jakarta (ANTARA News) - The Capital Investment Agency (BKPM) said foreign investors in East Asia World Economic Forum (WEF) in Jakarta from June 12 to 13, 2011, were very interested in Indonesia."Many came to Indonesia to express their interest in making investment in the sectors of tourism,...
Wed, 01 Jun 2011
Indian investor to build railroad track in S Sumatra
Palembang, S Sumatra (ANTARA News) - An Indian investment company has signed a cooperation agreement with the South Sumatra provincial administration for building a 270 kilometers railroad from Tanjung Enim to Lampung.
Wed, 01 Jun 2011
Investors eyeing bio-ethanol potentials in C Kalimantan
Pulang Pisau, C Kalimantan (ANTARA News) - Investors have begun to eye the cassava potentials of Pulang Pisau district of Central Kalimantan province, which could be processed into bio-ethanol energy, a regional official said.