Indonesian Political, Business & Finance News

Search Archive

Search Tips

You can use boolean operators in your search:

  • pugilist AND basketball - Both words must appear
  • jakarta OR surabaya - Either word can appear
  • jakarta NOT politics - Must have jakarta but not politics
  • +jakarta -politics - Must have jakarta, must not have politics
  • "exact phrase" - Search for exact phrase
  • basket* - Wildcard (matches basketball, basket, etc.)

Found 1,458 articles

RI`s manufactured goods exports jump 34.7 pct

Jakarta (ANTARA News) - Indonesia`s manufactured goods exports in the first eight months of 2010 jumped 34.7 percent to US$61.4 billion from a year earlier on the global economic recovery, a minister said."The global economic recovery has raised demand for our manufactured goods.

Govt targets US$300 million in Trade Expo transactions

Jakarta (ANTARA News) - The government has set itself a target of US$300 million in the 25th Trade Expo Indonesia (TEI) transactions which will be held at the Jakarta International Expo in Kemayoran on October 13-17, 2010, a minister said.

Govt to continue protecting oil palm development

Govt to continue protecting oil palm developmentJakarta (ANTARA News) - The government will continue to protect sustainable oil palm plantations and crude palm oil (CPO) industry and support steps to increase exports and to develop various CPO down stream industrial programs, a vice minister said.

Investment climate and RI’s stagnant oil production

Amid declining oil production, a long-standing issue that the Indonesian government has not satisfactorily resolved is whether to continue to be tough against oil companies on the question of financial incentives or to be flexible.

Infrastructure Expenditure Must Be Doubled

VIVAnews - To achieve growth in the gross domestic products at seven percent by 2012, the Indonesian government must advance the capital expenditure twice as much as this year's budget.The government this year have just spent infrastructure expenditure by 3.5 percent of the GDP.

Thailand Eyes Indonesia’s Machinery Industry

TEMPO Interactive, Jakarta:Thailand Trade representative, Suthad Setboonsarng, said most of the 18 countries participating in the 2010 Indonesia-Thailand Business Forum and Business Networking Programs are engine producers.

Hyundai Interested in Building a Factory in Indonesia

TEMPO Interactive, Jakarta:Gita Wirjawan, the Investment Coordinating Board (BKPM) chairman, said Hyundai, the car producer from South Korea, had expressed its interest in building a car manufacturing factory in Indonesia.

Indonesia`s Jakarta Industrial Estate to build US$130 mln plant

Jakarta (ANTARA News/Asia Pulse) - PT Jakarta Industrial Estate Pulogadung (JIEP), said it would start building a 130-megawatt power plant for its own use this year.Agus Dwitarto, the president of the company, which is owned by the Jakarta city administration, said the US$130 million project will...

Chinese steel co Guo Feng ordered to move plant to Indonesia

Jakarta (ANTARA News/Asia Pulse) - China's state-owned steel company Guo Feng Iron and Steel plans to move its factory from Tangshan, China, to Indonesia with a total investment of US$1 billion, a government official said.

Indonesia on Verge of Becoming an Economic Power

Some economists say Indonesia is poised to become an emerging economic power similar to China and India. Economic growth slowed slightly during the worst of the global economic crisis, but now it is again expanding at a rate of over six percent a year, and Indonesia has the second-best performing...

"Rubber Time" unacceptable at Japanese companies

Well don't the Japanese often spark out on the job because they work so hard? Indonesia represents the other end of the spectrum. In the West people increasingly work flexi-time which is progress I'd say.

"Rubber Time" unacceptable at Japanese companies

most indonesians would consider japanese employers as "tidak manusiawi" for their demands that people behave like robots, or as little cogs in humungous wheels. they might have a point, you know.

"Rubber Time" unacceptable at Japanese companies

Quoting: biznews"Many Indonesian employees had a "cultural shock" when working with a Japanese company and facing difficulties in adaptations, especially fresh graduates," Takuji Motooka said.Heh heh. Yes I'll bet. I'm sure it's the shock of their fuckin' lives.

"Rubber Time" unacceptable at Japanese companies

Jakarta (ANTARA News) - The habit of always being late (rubber time) is unacceptable at business companies in Japan, President Director of PT. Itochu Indonesia Takuji Motooka said.He made the remarks in a seminar on "Work Ethics at Japanese Companies and Its Culture Background," held here...

BKPM to cooperate with PHRI to promote investment

Jakarta (ANTARA News) - The Capital Investment Coordinating Board (BKPM) and the Indonesia Restaurant and Hotel Association (IRHA) have agreed to cooperate in promoting their common visions and missions to increase investment at home.

Batam now has capital market information center

Batam (ANTARA News) - Batam in Riau Islands has now a Capital Market Information Center as the only second level autonomous representative of PT Bursa Efek Indonesia (Indonesian stock exchange) in Indonesia.

Problems hindering intra-asean investment : deputy minister

Jakart (ANTARA News) - Several problems are hindering efforts to increase investment among members of the Association of Southeast Asian Nations (Asean), Deputy Trade Minister Mahendra Siregar said."The first problem is how to implement agreements made at Asean level at the national...

Indonesia on an upward trajectory

When will the ride end for the Jakarta Composite Index? It enjoyed another record-breaking day on Wednesday, rising 0.7 per cent, flirting with the 3,500 mark and breaking fresh records for a fourth successive day.On Monday, the index surged 2.

World Bank: Indonesia`s economic fundamentals strong

Jakarta (ANTARA News) - Indonesia`s economic fundementals are now strong enabling the government to shift its policy focus from short-term uncertainty to investment achievement, especially in the infrastructure sector, a World Bank economist said.

China offers soft loans for railway infrastructure development

Makassar, South Sulawesi (ANTARA News) - The Chinese government through Tangsahan Railway Vehicle Co. Ltd. has offered a soft loan to the provincial government of South Sulawesi for the development of railway infrastructure in the region.Vice General Manager of Tangsahan Railway Vehicle Co. Ltd.

Govt asks Kadin to help revitalize industry

Jakarta (ANTARA News) - Chief Economic Minister Hatta Rajasa asked the Indonesian Chamber of Commerce and Industry (Kadin) to help revitalize the manufacturing industry in the country."I hope that we can work together to revitalize the country`s manufacturing industries," the minister...

Fiber Optic Network Installation Hindered

TEMPO Interactive, Bandung:The Minister of Communication and Information Technology has said that fiber optic installation faces administrative problems, especially since a letter from the Department of Home Affairs demanding to stop the project temporarily has been issued.

Indonesia Key to DBS Plan to Expand in Southeast Asia

Singapore’s DBS Group, one of Asia’s largest financial services providers, is planning to ramp up its business in Indonesia and the rest of Southeast Asia, its executives said on Tuesday.Though it has typically looked to home and Hong Kong as its primary sources of revenue, DBS - which operates...

Indonesia’s near-term risks have diminished but policy challenges remain

Jakarta, September 28, 2010 – The latest Indonesia Economic Quarterly released today by the World Bank reports that Indonesia’s economy continues to record robust growth, unlike many of the world’s major economies.

Infrastructure Developments Sets Its Sights on Indonesia and East Timor

HERNDON, VA, Sep 27, 2010 (MARKETWIRE via COMTEX) -- Infrastructure Developments Corp. announced today that its subsidiary, Intelspec LLC (Thailand), is expanding its presence in Indonesia and East Timor.

Indonesian Agency Accuses Pfizer of Monopoly Breach

JAKARTA - Indonesia's antitrust agency, KPPU, said Tuesday it has found U.S.-based Pfizer Inc., four of its units and a local firm guilty of breaching monopoly regulations on their anti-hypertensive products.

China’s steel company to relocate production plant to Indonesia

China’s state-owned steel company Guo Feng Iron Steel plans to relocate in the near future its production plant in Tang Shan, China, to Indonesia with a total investment of US$1 billion, a government official said on Monday evening.

New chairman expected to energize subzero-growth industries

Jakarta (ANTARA News) - The newly elected chairman of the Indonesian Chamber of Commerce and Industry (Kadin) should be able to energize domestic industries which have for years seen negative growth, a businessmen`s association leader said.

All imported goods must bear Bahasa Indonesia labels

Pontianak, W Kalimantan (ANTARA News) - All imported goods must be provided with Bahasa Indonesia labels before entering the Indonesian market, a trade official said here Saturday.Trade Ministry official Very Anggrijono said the requirement was one of the ways to prevent the free circulation of...

Indonesia Should Do More to Encourage Home-Grown Entrepreneurs: Experts

Jakarta. As Indonesia’s economy enjoys surging growth and makes strides to become a more featured player on the global stage, business experts say the country suffers from an alarmingly low rate of entrepreneurship.

E Lampung needs investors

Sukadana, Lampung (ANTARA News) - East Lampung district, Lampung province, needs investors to develop its seaweed cultivation potentials as the business was now mostly run by locals with small capital who were unable to meet market demand, a local investment official said.

RIM Urged to Build Servers in Indonesia

VIVAnews - In August this year, the Ministry of Communication and Information notified Research in Motion, Canada-based manufacturer of BlackBerry, to build some servers in Indonesia.The Indonesian government through the Ministry of Communication and Information is still hampered to push RIM...

Indonesia, Coal Heaven

VIVAnews - Indonesia is much benefited by the existence of millions of tons of mining materials such as coal, copper, gold, or lead.Mimika and West Sumbawa are places of abundant reserve of gold.Based on data of the Association of Indonesia Coal Mining, total coal production in Indonesia in 2009...

Tax Court to Move to Elite Business District

TEMPO Interactive, Jakarta:The Finance Minister plans to relocate the Tax Court away from the Finance Ministry complex. The Finance Ministry’s Secretary General Mulia Nasution said they are planning to move it to SCBD business area in central Jakarta.

Korea to Construct Bio-ethanol Plant

TEMPO Interactive, Brebes:A Korean investor plans to build a bio-ethanol plant worth US$ 500 million in Brebes, Central Java. The Brebes Regional Secretary Assistant, Muhammad Supriyono, said the request for a license to build a plant fueled from cassava was filed last August.

Bank Indonesia: 82 Percent of Villagers Ignorant about Savings

TEMPO Interactive, Jakarta:Bank Indonesia declared that the majority of Indonesians living in villages do not have access to banks. “Around 82 percent of the villagers do not have bank accounts,” said Adam K.

US companies explore investment in RI

Jakarta (ANTARA News) - Several companies of western US were set to explore cooperation and investment in Indonesia.Indonesia`s improved economic condition appeared to become a strong attraction to foreign investment to operate in the country.

Business world asked to glance at business potential from GDP

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has asked business world to glance at business potential from gross domestic product (GDP) rather than from the state budget only.Speaking at a function to open the 6th national conference of Indonesian Chamber of Commerce and Industry...

Australia’s Exergen Plans to Turn Bad Coal Into Good With Indonesian Plant

In response to growing demand for high-quality coal, Australia’s Exergen has made plans to open a facility in Indonesia that could produce up to 12 million metric tons of high-quality coal annually from poor-grade local material.

Manufacturing industry in Indonesia declining : minister

Gorontalo, (ANTARA News) - Maritime Affairs and Fisheries Minister Fadel Muhammad said the manufacturing industry in Indonesia was declining from year to year."In 2008, this sector contributed 27.9 percent to the national economy but in 2009 its contribution dropped to 26.

Bali`s tuna production earns US$53 million in forex

Denpasar (ANTARA News) - Bali`s tuna production had been increasing despite bad weather, head of export division of the Bali Trade and Industry Agency Putu Bagiada said here on Wednesday.He said Bali`s tuna exports in the January-July 2010 period reached US$53.

Foreign investment in RI comparatively still low

Jakarta (ANTARA News) - Foreign investment made in the country`s domestic market is still smaller compared with that in other Asian countries like Vietnam and Thailand, an observer said.Stock market analyst Dwi Setiawan said here on Wednesday that the small investment was due to the fact that the...

RI, Thailand to step up trade, investment

Jakarta (ANTARA News) - Indonesia and Thailand are to step up their bilateral trade and investment relations as the business climate and opportunities in both countries are fast improving, Thailand`s chief diplomat here said.

France biggest European importer of Balinese handicrafts

Denpasar, Bali (ANTARA News) - France was Europe`s biggest importer of handicrafts and non-oil/non-gas commodities from Bali in the January-July period in 2010 with the imports reaching a total value of 30.1 million US dollars, a local trade official said.

StratoComm starts Indonesian company

StratoComm Corp., a telecommunications products developer in Albany, New York, is moving into the Asian market and will form a joint company with SIMS, an Indonesia-based broadband services provider.StratoComm sells telecommunications equipment and services to primarily developing countries.

Indonesia to create best financial management system in ASEAN: minister

JAKARTA (Xinhua) - Indonesia intends to create the best financial management system in the Association of Southeast Asia Nations (ASEAN) ahead of the realization of ASEAN Community by 2015, a minister said here on Wednesday.

Nissan Sees Indonesia as Possible Export Base

Nissan, Japan’s third-largest automaker, believes Indonesia has the potential to become an export base as the company moves production from Japan to counter a strong yen.Nissan is investing more than $20 million at a plant in Indonesia to double capacity in the country to 100,000 vehicles a year...

Japan and Indonesia share an intimate bond

At the foot of the Argopuro mountain range in Indonesia, construction has started on a $1.2bn thermal power plant that will supply electricity to some of the most densely populated islands on Earth. PT Paiton Energy, partly owned by Mitsui & Co and the Tokyo Electric Power Company, is building...

Indonesian Trade Ministry Raises Export Target

Jakarta. After seeing non-oil-and-gas exports surge over the first seven months of the year, the Trade Ministry on Friday announced it was retargeting growth for the sector, placing it at between 16 and 18 percent for the year, well above February estimates of 7 to 8.5 percent.

Booming Demand in Indonesia for Serviced Offices

Jakarta. Jakarta’s serviced-office market is booming as more foreign companies enter Indonesia, attracting companies eager to invest in the sector.While still only a fraction of the market, the number of serviced offices on the market in central Jakarta has risen 50 percent in the past year and...