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Mon, 11 Apr 2011
Int'l rating body upgrades Indonesia's rank
JAKARTA, April 8 (Xinhua) - International rating agency Standard & Poor's Ratings (S&P) upgraded Indonesia's long term foreign debt and sovereign credit rank from BB to BB+ with positive outlook, detikcom online news reported on Friday.
Fri, 08 Apr 2011
BNI sets rp30 trillion for infrastructure credits
Medan, N Sumatra (ANTARA News) - State-owned Bank BNI has since 2008 prepared itself to support the government`s efforts to advance the national economy by allocating Rp30 trillion for the infrastructure sector, its president director said.
Fri, 08 Apr 2011
Indonesia to launch Indonesian sustainable palm oil standard
Medan, North Sumatra,(ANTARA News) - Indonesia plans to launch an Indonesia Sustainable Palm Oil (ISPO) standard to anticipate demand from importers."It will be launched on Wednesday (March 30) (by agriculture minister Suswono).
Fri, 08 Apr 2011
Sweden, Indonesia Seal Health Care Businesses
They put serious attention on all the ongoing dynamic health care plans in IndonesiaVIVAnews - Sweden's Minister for Health and Social Affairs, Göran Hägglund, and a delegation of Swedish companies today wrapped up three-day visit to Jakarta, securing several key bilateral partnerships as well as...
Fri, 08 Apr 2011
PLN to install solar panels for 340,000 customers
By Rangga D. FadillahState electricity utility PT PLN has targeted to install solar panels for 340,000 new customers in eastern Indonesia this year with a total investment of around Rp 1.2 trillion (US$138.76 million), a senior official reveals.
Fri, 08 Apr 2011
Bali Confronts Its ‘Hellish’ Problems
From: The Jakarta GlobeBy Made Arya Kencana & Camelia Pasandaran Denpasar. While most government officials seem allergic to criticism, Bali Governor Made Mangku Pastika said on Wednesday that he had no problem with Time labeling the island a hellish holiday destination.“We cannot deny it.
Wed, 06 Apr 2011
What Ails Indonesian Manufacturing?
Quoting: VulgarianQuoting: biznewsIndeed, the regional autonomy laws that followed the transition to democracy created a constantly changing regulatory patchwork that even specialists have difficulty keeping up with.
Tue, 05 Apr 2011
What Ails Indonesian Manufacturing?
Quoting: biznewsIndeed, the regional autonomy laws that followed the transition to democracy created a constantly changing regulatory patchwork that even specialists have difficulty keeping up with. I would have given odds here that this article was about to devolve into an Okusi puff piece.
Tue, 05 Apr 2011
Japan`s demand for Indonesia`sidat increases
Jakarta (ANTARA News) - The Japanese demand for young `sidat` (eel, anguilla) fish from Indonesia is increasing after the country was recently hit by an earthquake and its subsequent tsunmai, a ministry official said.
Tue, 05 Apr 2011
KPI urges govt to limit employment of foreign seafarers
Jakarta (ANTARA News) - The Indonesian Seafarers Union (KPI) has urged the government to immediately limit the employment of foreign seafarers in the Indonesian-flagged ships to protect employment.KPI president Hanafi Rustandi in his press statement here on Monday said that it was estimated 70...
Tue, 05 Apr 2011
Special approach needed to move industries to places outside Java
Makassar (ANTARA News) - Trade minister Mari Elka Pangestu said a special approach was needed to move industries to places outside Java island."A regional approach to economic growth centers could be made," she said at a national seminar here on Saturday.
Tue, 05 Apr 2011
Industry Asks for 50 Percent Electricity Discount
TEMPO Interactive, Jakarta:Businessmen have asked for a 40 – 50 percent discount on electricity usage at night. “We need additional investments to move the work capacity from the peak burden to the evening,” Indonesian Textile Association chairman Ade Sudrajat, said yesterday.
Tue, 05 Apr 2011
At Least 24 Big Ships Needed to Resolve Long Lines in Merak Cilegon
TEMPO Interactive, Jakarta:Thousands of trucks wanting to cross the Sunda Strait using roll on-roll-off boats from Merak harbor in Cilegon, Banten, to Bakaheuni Harbor in Lampung, South Sumatra must once again line up 11 kilometer-log.
Tue, 05 Apr 2011
Beef Processors Say Import Cuts Could Shut Them Down
By Francezka Nangoy A number of meat processing companies will be forced to close shop if beef supplies do not improve within the next two weeks, industry officials said.“Half of our members have submitted notice to the association that they will stop production if there is no more imported...
Tue, 05 Apr 2011
What Ails Indonesian Manufacturing?
By Bruce Gale - Straits Times Indonesia For Indonesia, manufacturing was the engine of growth in the 1980s and for much of the 1990s, thanks largely to a series of trade reforms following the end of the oil boom.
Tue, 05 Apr 2011
Bali profits from business of soul-searching
By Angela Dewan (AFP)UBUD, Indonesia - Being a Hindu yogi once meant renouncing worldly pleasures for a life of solitary meditation, wandering the jungle in search of union with god.Today, new-age yogis wander the globe from one retreat to another, stay in luxury hotels and preach to the converted...
Tue, 05 Apr 2011
Indonesia's productivity push
INDONESIA'S coordinating Minister for the Economy Hatta Rajasa is encouraging a total agricultural productivity improvement, with work on both the agribusiness and agro-industry, he said last week.Indonesia is currently facing declining food supplies due to extreme weather.
Tue, 05 Apr 2011
Palm Oil Export Strategy Changed
TEMPO Interactive, Jakarta:The government will change its palm oil industry export strategy, from only exporting raw material to exporting processed products. “In the future, 60-70 percent will be exported in its processed form,” said Coordinating Minister for the Economy, Hatta Rajasa,...
Tue, 05 Apr 2011
Organic fertilizer from aloe exported to Malaysia
Kuala Lumpur (ANTARA News) - Indonesia`s organic fertilizer from aloe in liquid form has reached the Malaysian market, and there are also plans to export it to Thailand, Myanmar and Cambodia after the signing of a sales agreement in Malaysia.
Wed, 30 Mar 2011
RI must boost exploration, says mining association
By Rangga D. FadillahIndonesia needs spend between US$500 million and $1 billion each year to fund exploration activities, to maintain the current level of mineral resource production, the Indonesian Mining Association announced on Tuesday.
Wed, 30 Mar 2011
Australian Investors Interested in Investing in the Indonesian Mining Sector
Australia continues to explore investment in Indonesia. Investors from Australia, intending to invest in the mining sector Indonesia. With a mastery of technology in the fields of mining, the existence of Australian mining companies are expected to support the development of mining in the country...
Wed, 30 Mar 2011
Govt to maximize use of new energy
Jakarta (ANTARA News) - The government will maximize the use of new and renewable energy, especially geothermal, hydro-energy and bio-fuels, before deciding to use nuclear energy.Energy and Mineral Resources Ministry`s Director General for Renewable Energy and Energy Conservation Luluk Sumiarso...
Tue, 29 Mar 2011
Local computer producers demand fair deal
Local computer manufacturers have urged the government to scrap import duties on IT components, as they are competing against imported finished products from countries that have free-trade agreements with Indonesia, particularly China.
Tue, 29 Mar 2011
Australian Firms Ready to Bring Mining Expertise to Indonesia
As part of its commitment to its comprehensive economic partnership with Indonesia, Australia is set to share its expertise in the mining sector during the two-day Ozmine conference, which starts on Tuesday.
Tue, 29 Mar 2011
Planning Bali's Future by the Rules
Bali Governor Poised to Implement and Enforce the 2009 Zoning Law.Despite resistance and refusals from regents and mayors in Bali to his 2009 Zoning Law (RTRW), governor Made Mangku Pastika has reaffirmed that he will soon be consistently and rigorously implementing the law.
Tue, 29 Mar 2011
Polyester Producer Pledges Billions in Push to Diversify
By Camelia Pasandaran Thailand-based polyester producer Indorama Ventures plans to invest as much as $5.2 billion in the energy sector and establish a new factory in Indonesia, its chief executive said on Monday.“We want to make a new investment in Indonesia.
Tue, 29 Mar 2011
French firms eyeing USD 10 billion of investment in Indonesia
It is reported that Indonesia could see upwards of USD 10 billion in investment from an unexpected source as French companies expressed interest in participating in infrastructure and energy projects. French investment only played a minor role in the country in recent years.
Tue, 29 Mar 2011
Govt to Probe into RIM's Alleged Tax Case
"If they have not paid any tax, we'll ask for its collection"VIVAnews - Indonesian Finance Minister Agus Martowardojo said in a statement that he would probe allegations that Blackberry producer Research in Motion (RIM) did not pay tax to the Indonesian government.
Tue, 29 Mar 2011
Indonesia Develops Wind-generated Electricity
TEMPO Interactive, Jakarta:State electricity company PT PLN will optimize wind power to be the energy source of power plants. This year, PLN is targeting alternative power development in three areas. “The areas are Singkil, Sumba, and Sukabumi," said Nasri Sebayang, PLN’s planning and...
Tue, 29 Mar 2011
Govt needs Rp 10 trillion investment in drinking water
Jakarta (ANTARA News) - The government is preparing two million house connections of drinking water with an investment of Rp10 trillion in 2011, Drinking Water Development Director of Urban Directorate General of the Public Works Ministry Danny Sutjiono said here Tuesday.
Tue, 29 Mar 2011
Australia to hold mining expo in Jakarta
Jakarta (ANTARA News) - Australia`s mining expertise will be on show at OZMINE 2011, Austrade`s largest international mining exhibition and conference in Asia, which will be held in Jakarta at the Shangri La Hotel on 29 - 30 March 2011.
Tue, 29 Mar 2011
President Yudhoyono supports sustainable palm oil business
Jakarta (ANTARA News) - Cabinet Secretary Dipo Alam said President Susilo Bambang Yudhoyono (SBY) strongly supported sustainable palm oil business operations."President SBY strongly supported palm oil business operations," Dipo Alam said in a press statement received here Friday.
Tue, 29 Mar 2011
RI`s per capita income 600 pct up in 10 years
RI`s per capita income 600 pct up in 10 yearsBrebes, C Java (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa said here Friday per capita income in Indonesia has risen 600 percent in the last 10 years, noting that economic conditions had been much better these days.
Tue, 29 Mar 2011
N Sulawesi exports coconut flour to Australia
Manado, N. Sulawesi (ANTARA News) - North Sulawesi province would have exported 25 tons of coconut flour to Australia in March, a local government official said here Monday."The total worth of coconut flour export is expected to reach US$45,920," Head of North Sulawesi province`s foreign...
Mon, 21 Mar 2011
Jasa Marga gears up for property business
From: The Jakarta Post, JakartaState toll way operator PT Jasa Marga is gearing up to enter the property sector this year, and says it has prepared Rp 150 billion (US$17.1 million) for the early investment.
Mon, 21 Mar 2011
Just Sitting on the Dock in the Bay, Wasting Time
Just Sitting on the Dock in the Bay, Wasting TimeTanah Ampo International Port Project in Bali Needs More Funding to Handle Large Cruise Ships.Kompas reports that both governor Made Mangku Pastika and the regent of Karangasem Wayan Geredeg share the opinion that the international port project at...
Mon, 21 Mar 2011
Bali Agriculture at the Crossroads
Farm Lands and Agricultural Workers - Do They have a Place in Bali's Future?Each year the amount of agricultural land in Bali continues to decline with thousands of hectares converted to other purposes.Rapid growth in Bali's tourism sector is a major cause of Bali's loss of farming land.
Mon, 21 Mar 2011
RI forms 12 models of comprehensive economic cooperation
Makassar, S Sulawesi (ANTARA News) - Indonesia has so far signed 12 comprehensive economic cooperation agreements with other countries aimed at increasing its foreign trade, a Trade Ministry official said.
Mon, 21 Mar 2011
South Sumatra to be made into economic zone
Palembang, South Sumatra (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa said Tanjung Api-api, Banyuasin, South Sumatra, will be made into a special economic zone where industries and a seaport will be built.
Fri, 18 Mar 2011
W. Nusa Tenggara to boost its seaweed, corn, cattle industries
From: The Jakarta PostWest Nusa Tenggara is preparing to develop its seaweed and corn production and its cattle industry after the central government appointed the province one of the centers for the nation’s food production.
Fri, 18 Mar 2011
Indonesia Could Read Investment Grade in 12 Months: Fitch
From: The Jakarta GlobeBy Dion Bisara & Muhamad Al Azhari Indonesia may see its sovereign ratings upgraded to investment grade in less than 12 months, a top executive from Fitch Ratings announced on Thursday.
Fri, 18 Mar 2011
4,700 bylaws 'troubled', hamper investment in regions
From:The Jakarta Post Over 4,700 bylaws issued in the past decade are considered “troubled” in that they threaten regional investment climates.The Committee for the Supervision of Regional Autonomy Implementation (KPPOD) said 4,741 bylaws of more than 13,000 bylaws issued in the past decade...
Fri, 18 Mar 2011
Governor to Move Against Zoning Violators?
Nusa Dua Beach World Complex May Prove Litmus Test for Governor's Resolve to Enforce 2009 Bali Zoning Law.As reported by Bali Post, efforts by the vice-regent of Badung to forestall the abandonment of the Beach World Complex, despite recommendations to do so from the Bali House of Representatives...
Fri, 18 Mar 2011
Daihatsu Will Not Withdraw Investments
TEMPO Interactive, Jakarta:Daihatsu Motor Company Ltd will not withdraw its investment despite the devastating disasters in Japan, Daihatsu president director Koichi Ina said in a meeting with Vice President Boediono yesterday.
Fri, 18 Mar 2011
Industries Want 10 Percent Cocoa Duties
TEMPO Interactive, Jakarta:Businessmen in the cocoa processing industry say they will settle for a 10 percent cocoa tax. Therefore, according to the Indonesian Cocoa Industry Association chairman Pieter Jasman, cocoa duties will be the same as the VAT paid by the industry.
Fri, 18 Mar 2011
Central Java Gets Cruise Tourists
SEMARANG:The Central Java Culture and Tourism Office chief Maryanto will focus on attracting foreign tourists through cruises. This was seen to be the most effective way to increase international tourists.
Fri, 18 Mar 2011
RI`s exports to Mideast almost double in 2010
Jakarta (ANTARA News) - Indonesia`s non-oil/non-gas exports to the Middle East almost doubled to US$6.5 billion in 2010 from US$3.4 billion in 2005, a Trade Ministry official said.The exports hit a record high of US$7.
Fri, 18 Mar 2011
Japan pledges big projects in Indonesia despite disaster at home
Japan pledges big projects in Indonesia despite disaster at homeA senior Japanese government official said on Thursday that his government would continue the Japan-assisted infrastructure projects in Indonesia despite devastating disaster at home.
Fri, 18 Mar 2011
Analysis: Japanese jitters and jolts: What they mean for Ind
By Harry Su, Bahana SecuritiesAmid Japan’s jolt, the Indonesian market has held up well coming off just 0.3 percent since Friday even amid redemption from Japanese funds. The paralysis affecting Japan, particularly with possible radiation crisis, will mean slower global economic growth, but this...
Fri, 18 Mar 2011
Govt projects annual growth of 7 pct until 2014
Mamuju, West Sulawesi (ANTARA News) - The government has projected the domestic economy to expand by an average of 7 percent annually in the 2010-2014 period as envisaged in the second phase of medium-term development plan, an official said.