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Thu, 02 Nov 2006
Mobile-8 to Expand Networks
Publicly-listed telecommunications company Mobile-8 will extend its network to Sumatra, East Kalimantan, West Kalimantan and Sulawesi, hoping to increase the number of its subscribers to 4 million by the end of 2007, director Hidajat Tjandrajaja said recently.
Thu, 02 Nov 2006
Malaysia Eyes Opportunity
Comments by Malaysian companies ahead of this week’s infrastructure conference suggest they will take a lead in developing projects in the country.Leading law firm Zaid Ibrahim & Co says it will be bringing more than 30 Malaysian companies to the conference, noted that the delegation will...
Thu, 02 Nov 2006
Indonesia to offer 111 projects worth $16.74 bln
in other words all talk and no action ... they can offer as many projects as they want but it's actual delivery that counts.
Thu, 02 Nov 2006
Indonesia to offer 111 projects worth $16.74 bln
Jakarta (ANTARA News) - The government will offer 111 projects worth 16.74 bln usd at a two-day infrastructure summit that starts today, deputy coordinating minister for infrastructure Suyono Dikun said.He said the main target is to offer 10 projects worth 4.51 bln usd.
Wed, 01 Nov 2006
Bapepam Investigates Inco’s Tender Offer
TEMPO Interactive, Jakarta: The Capital Market Supervisory Agency (Bapepam) has been examining the possibility of a tender offer from PT International Nickel Indonesia (Inco). That is regarding the acquisition process of Inco Indonesia’s holding company - Inco Limited (Canada) by Companhia Vale...
Wed, 01 Nov 2006
Indonesia facing 7 main economic development problems s
Jakarta (ANTARA News) - The Asian Development Bank (ADB) said Indonesia faced seven main problems in its economic development, poverty alleviation and reducing the unemployment, as projected in the National Medium-Term Development Plan, an official said.
Wed, 01 Nov 2006
Muara Enim power project: Chicken-and-egg situation
Reporters from major newspapers covering president Susilo Bambang Yudhoyono's visit to Shanghai, China wrote that China Huadian has eventually entered into a JV agreement with Indonesian partners to build the US$2.1 billion coal-fired power plant in Muara Enim, South Sumatra.
Wed, 01 Nov 2006
Infrastructure Project Depends on Minister
TEMPO Interactive, Jakarta: The Infrastructure Conference and Exhibition 2006 (IICE 2006) will offer a number of ready-to-build infrastructure projects. Chris Kanter, Head Organizer of IICE 2006, said that details on the projects will be offered by the technical department.
Wed, 01 Nov 2006
Jakarta shares end up in the morning
JAKARTA (Antara): Share prices closed the morning session higherafter a week-long holiday break, with gains in mining stocks suchas Aneka Tambang and INCO, lifting the composite index to a newintra-day high.
Wed, 01 Nov 2006
Japan to host Yudhoyono amid FTA hopes
TOKYO (AP): President Susilo Bambang Yudhoyono willvisit Japan in late November, Japan’s Foreign Ministry saidTuesday, as the two countries work toward reaching a free tradeagreement.Yudhoyono is expected to meet Japanese Emperor Akihito andEmpress Michiko, as well as Prime Minister Shinzo Abe...
Wed, 01 Nov 2006
The spat over the split
Neither the Indonesian government nor ExxonMobil will gain from a protracted spat over the status of the production-sharing contract for the development of the Natuna D-Alpha natural gas block in the East Natuna Sea.
Wed, 01 Nov 2006
Regions offer major investment projects
Domestic and foreign investors will have plenty of tempting opportunities laid out before them this week.On top of large, national-level projects that the central government plans to offer at the upcoming infrastructure conference, the regions are also lining up ventures for investors to put their...
Wed, 01 Nov 2006
Banks urged to lower lending rates
Andi Haswidi, The Jakarta Post, JakartaThe Association of Indonesian Retailers (Aprindo) has urged the country’s banks to lower their lending rates in line with the central bank’s benchmark rate so as to enable them to expand their businesses.
Wed, 01 Nov 2006
Govt selects 10 projects to serve as pilots
Urip Hudiono, The Jakarta Post, JakartaThe upcoming three-day “Indonesia Infrastructure Conference and Exhibition 2006” will not only showcase major investment opportunities, but also the government’s progress in improving the country’s investment climate.
Tue, 31 Oct 2006
Growth too slow for comfort in Indonesia
JAKARTA - As Indonesian President Susilo Bambang Yudhoyono enters his third year in office, the world's most populous Muslim country is widely viewed simultaneously as one of the region's most stable democracies yet one of its most unpredictable economies.
Tue, 31 Oct 2006
Investors Hunting for SOE Shares
TEMPO Interactive, Jakarta: Shares of State-Owned Enterprises (SOEs) will become the focus of attention of market players this week.This is triggered by the government's plan to issue the blueprint of SOEs privatization as part of its policy package in the monetary sector, which will be released...
Tue, 31 Oct 2006
Doubts over Investment Growth Target
TEMPO Interactive, Jakarta: Sofjan Wanandi, Head of the Association of Indonesian Entrepreneurs, has said he doubts the government's investment growth target of 10.5 percent by the end of 2006.The Infrastructure Summit is considered of not being capable of boosting the investment target by around...
Tue, 31 Oct 2006
Pertamina Asks for Biosolar Materials Price Mechanism
TEMPO Interactive, Jakarta: PT Pertamina (Persero) is asking that the government re-examine the price mechanism of biosolar raw materials such as fatty acid methyl ester (FAME).The reason for this, according to Hanung Budya, Pertamina’s Deputy Director for Marketing and Trade, the price mechanism...
Mon, 30 Oct 2006
China, Indonesia sign MOU on energy cooperation
China and Indonesia signed a memorandum of understanding (MOU) here on Saturday concerning cooperation in the energy and mineral resources sectors.Chinese Vice Premier Huang Ju and visiting Indonesian President Susilo Bambang Yudhoyono attended the signing ceremony held at the second...
Sun, 29 Oct 2006
Off to China again, balancing act
President Susilo Bambang Yudhoyono (SBY) starts a five-day visit to China today, mainly to strengthen economic ties between the two countries, just weeks ahead of US president George Bush's visit to Jakarta and days after VP Jusuf Kalla visit US.Last year, both the president and VP visited China.
Sun, 29 Oct 2006
SBY promises to eliminate investment obstacles
Shanghai, China (ANTARA News) - Visiting Indonesian President Susilo Bambang Yudhoyono said he would eliminate major obstacles in every sector in Indonesia to ensure the entry of foreign investment into the country.
Sat, 28 Oct 2006
SBY visiting Shanghai to seek business opportunities
Manila (ANTARA News) - President Susilo Bambang Yudhoyono said he would make a working visit to Shanghai, China, not only to enhance bilateral relations but also to identify opportunities for Indonesian businessmen to benefit from China`s economic resurgence.
Fri, 27 Oct 2006
Minister says economy to grow faster in 3rd,4th Q
Finance Minister believes economy to grow faster in 3rd,4th quartersJakarta (ANTARA News) - Finance Minster Sri Mulyani said she believes the Indonesian economy will grow more rapidly in the third and fourth quarters of 2006 than in the two previous quarters as economic activities on the ground...
Tue, 24 Oct 2006
Foreign investment remains in doldrums
Foreign investment remains in doldrumsThe Jakarta Post, JakartaActual investment entering the country remains at an all-time low, with direct foreign investment up until the year's first nine months coming to nearly half of its level during the same period last year.
Sat, 21 Oct 2006
Taking the pulse two years into the SBY administration
Taking the pulse after two years into the SBY administrationKahlil Rowter, JakartaIt is that time of year again when report cards are being contemplated. And not just for school children but for the government of Susilo Bambang Yudhoyono.
Sat, 21 Oct 2006
Government Prepares Management Contracts
Government Prepares Management ContractsFriday, 20 October, 2006 | 12:48 WIBTEMPO Interactive, Jakarta: The government is preparing management contracts with the board of directors of state banks for the settlement of non-performing loans (NPL) at the banks.
Sat, 21 Oct 2006
Government to Help Fertilizer Factory
Government to Help Fertilizer FactoryFriday, 20 October, 2006 | 13:25 WIBTEMPO Interactive, Jakarta: The government is allocating a budget valued at US$111 million for the gas to coal conversion program on five state-owned fertilizer factories.
Sat, 21 Oct 2006
Agriculture ministry releases new cacao varities
Agriculture ministry releases new cacao varitiesJakarta (ANTARA News) - The Agriculture Ministry has released new cacao varieties which were developed jointly by its research and development institute and ACIAR, Australia`s agricultural research agency, an Indonesian official said.
Sat, 21 Oct 2006
Paper firm posing threat to Indonesian forest : WWF
Originally posted by: DilliMay I suggest we ban anyone who works for them from joining Jakchat!Just a thought! would be a good idea, except the ban list would be extraordinarily long ...
Sat, 21 Oct 2006
Paper firm posing threat to Indonesian forest : WWF
May I suggest we ban anyone who works for them from joining Jakchat!Just a thought!
Sat, 21 Oct 2006
Singapore ranked most globalized country
Originally posted by: patungThey forgot to mention Indonesia's position - 60th of 62. funny that ANTARA should miss that in their report ...
Sat, 21 Oct 2006
Singapore ranked most globalized country
They forgot to mention Indonesia's position - 60th of 62.
Sat, 21 Oct 2006
Singapore ranked most globalized country
Funny thing is that most Indonesian go there and they could be discipline, smart and follow the rule, I wish Singapore could take over Indonesia gov't too
Sat, 21 Oct 2006
Singapore ranked most globalized country
Singapore ranked most globalized countrySingapore (ANTARA News) - Singapore has been rated the world's most globalized country, according to the Globalization Index compiled by management consultancy AT Kearney and Foreign Policy magazine.
Sat, 21 Oct 2006
Paper firm posing threat to Indonesian forest : WWF
Paper firm posing threat to Indonesian forest : WWFJakarta (ANTARA News) - Asia Pulp and Paper, one of the world's largest paper companies, poses a threat to a massive peatland forest sheltering rare animals on Indonesia's Sumatra, conservation group WWF said Friday.
Sat, 21 Oct 2006
Govt to announce state firms to be privatized in 2007
Govt to announce names of state firms to be privatized in 2007Jakarta (ANTARA News) - The government will announce next month the names of state firms to be privatized in 2007, State Enterprises Minister Sugiharto said.
Fri, 20 Oct 2006
Aneka Tambang’s Factory Restarts Production
Aneka Tambang’s Factory Restarts ProductionThursday, 19 October, 2006 | 16:37 WIBTEMPO Interactive, Jakarta: The FeNi III factory that belongs to PT Aneka Tambang Tbk will start producing again in the end of November after suffering leaks.
Fri, 20 Oct 2006
Coal Supplier Tender for Power Plant Completed
Coal Supplier Tender for Power Plant CompletedThursday, 19 October, 2006 | 15:53 WIBTEMPO Interactive, Jakarta: The tender for suppliers of low quality coal for the 10,000 megawatt electricity project has netted five out of six companies that put in offers.
Fri, 20 Oct 2006
Decrease in Electronic Products Because of Smuggling
Decrease in Electronic Products Because of SmugglingThursday, 19 October, 2006 | 14:54 WIBTEMPO Interactive, Jakarta: The domestic electronic industry has cut production by 50 percent during 2006 on account of many smuggled electronic goods.
Fri, 20 Oct 2006
President urges new envoys to lure investors
President urges new envoys to lure investorsTony Hotland, The Jakarta Post, JakartaPresident Susilo Bambang Yudhoyono swore in 24 new Indonesian ambassadors Wednesday, urging them to do more in promoting the world's fourth most populous country as an investment destination.
Fri, 20 Oct 2006
Indocement sees sales volume to increase 4-5 pct
Indocement sees sales volume to increase 4-5 pct next yearJakarta (ANTARA News) - PT Indocement Tunggal Prakarsa, controlled by Germany's HeidelbergCement AG, said it expects its sales volume to grow 4-5 pct next year, after an estimated 2.5 pct rise this year.
Fri, 20 Oct 2006
Sampoerna and Phillip Morris in Strategic Alliance
Sampoerna and Phillip Morris in Strategic AllianceThursday, 19 October, 2006 | 11:53 WIBTEMPO Interactive, Jakarta: PT Hanjaya Mandala Sampoerna Tbk is to form a strategic alliance with PT Philip Morris Indonesia.
Fri, 20 Oct 2006
Customs Draft Bill Approved
Customs Draft Bill ApprovedThursday, 19 October, 2006 | 12:37 WIBTEMPO Interactive, Jakarta: The plenary meeting of the House of Representatives yesterday (10/18) approved the Draft Bill on Revisions to Law 10/1995 concerning Customs to be legalized as a law.
Fri, 20 Oct 2006
Bimantara's profit grows sharply on surge in broadcasting
Bimantara's profit grows sharply on surge in broadcasting businessAndi Haswidi, The Jakarta Post, JakartaPT Bimantara Citra booked a net profit of Rp 302.7 billion (about US$33 million), an increase of about 1,200 percent from the Rp 22.
Thu, 19 Oct 2006
Pertamina to provide free bio-diesel supply for Idul Fit
Pertamina to provide free bio-diesel supply for Idul FithriJakarta (ANTARA News) - As part of efforts to introduce bio-diesel, Indonesia`s state oil/gas company Pertamina will give free supply of 90,000 liters of bio-diesel to those serving Lebaran/Idul Fithri public transport.
Thu, 19 Oct 2006
Korean businessman to invest in US$300 mln resort projec
Korean businessman to invest in US$300 mln resort project in BintanBatam, Riau islands (ANTARA News) - A Korean businessman will invest in a resort amounting to US$300 million in Pulau Bintan, Na Hyeon Chui, director of Raja Wali Koresia said here Wednesday.
Thu, 19 Oct 2006
PGN to produce coal bed methane in cooperation with thre
PGN to produce coal bed methane in cooperation with three foreign partnersJakarta (ANTARA News) - State-owned gas company PGN will initiate cooperation with three foreign partners in the production of coal bed methane (CBM) in South Sumatra and Central Kalimantan.
Thu, 19 Oct 2006
Indonesia-Japan to sign MoU on import duty on agricultur
Indonesia-Japan to sign MoU on import duty on agricultural productsJakarta (ANTARA News) - The Indonesian government will sign a memorandum of understanding (MoU) with Japan shortly on the import duty on agricultural and plantation commodities in each of the two countries.
Thu, 19 Oct 2006
Enercoal resources obtains $200 million loan
Enercoal resources obtains $200 million loanJakarta (ANTARA News) - Enercoal Resources said on Wednesday it has obtained a US$200 million loan from the Credit Suisse`s branch in Singapore.The loan may increase but the rise would not be more than $100 million, Bumi Resources Finance Director Eddie J...