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Found 246,918 articles

Bandung Revitalizes Creative Zones

Originally Posted By: DilliBandung municipality will permanently close down the oldest red-light district in the city to make way for a proposed Islamic centre, putting more than 1,000 people out of work in the process.I still lament the loss of Kramat Tunggak.

Bandung Revitalizes Creative Zones

I fear that they have overlooked possibly one of the most lucrative "areas"....Bandung municipality will permanently close down the oldest red-light district in the city to make way for a proposed Islamic centre, putting more than 1,000 people out of work in the process.

Bandung Revitalizes Creative Zones

TEMPO Interactive, Bandung:The Bandung city administration plans to revitalize creative industry areas as an effort to increase competitiveness among creative industries this year. "There are five creative industrial centers to be revitalized," said Bandung mayor, Dada Rosada, yesterday.

Thousands of Port Workers Face Dismisal

TEMPO Interactive, Surabaya:The chairman of the Land Transportation Organization of Tanjung Perak, Surabaya, Kodi Lomahayu, said around 6.000 workers at the local port area are facing the threat of dismissal.

President warns domestic industries to remain competitive

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has warned domestic industries to remain competitive and not to use nationalism as an excuse for low performance levels.Speaking at a function to present Upakarti, Technology Pioneer, and Indonesia Good Design Selection (IGDS) awards to 33...

Minister Wacik Lobbies for North Bali Airport

Jero Wacik, known as Minister Zero by critics for his complete lack of knowledge of ... well ... everything, denied that he had extensive land holdings in northern Bali.

Minister Wacik Lobbies for North Bali Airport

Suggesting There May be Little Alternative, Jero Wacik Urges Serious Consideration for a New Airport in North Bali.(1/3/2009) Radar Bali reports that there are two schools of thoughts are forming on the future of Bali's international airport.

Website at the heart of graft scandal shut down

Dozens of notaries flocked to the Justice and Human Rights Ministry office Tuesday as they scrambled to process their clients’ business permits, following the closure of a graft-linked online administration system.The ministry’s website, www.sisminbakum.

President says no need for investors to worry about security

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono guaranteed security during the general elections this year, and assured investors not to worry about their security."Indonesia will be able to maintain security, so that it is not necessary for investors to be afraid of anything.

Plan to Open New CPO Markets Criticized

Minister of Trade Mari Pangestu has come under fire from an analyst for her plan to “rescue” the nation’s palm oil producers by attempting to create new markets overseas.At a press conference in Jakarta on Monday, Mari announced a plan to open up new export markets in the Middle East and...

Indian Investor To Build Steel Plant

TEMPO Interactive, PALANGKARAYA:An Indian investor will soon build a steel plant in Central Kalimantan’s Lamandau, as it is the biggest ore producer in the province.According to Central Kalimantan governor Teras Narang, an MoU is scheduled to be signed by both parties this week.

President says no need for investors to worry about security

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono guaranteed security during the general elections this year, and assured investors not to worry about their security."Indonesia will be able to maintain security, so that it is not necessary for investors to be afraid of anything.

Malaysia needs 200,000 ha of land in Kalimantan

Kuala Lumpur, (ANTARA News) - Malaysian Religious Affairs Minister Ahmad Zahid Hamidi said Malaysia`s Hajj Saving Institution was seeking 200,000 hectares of land for oil palm plantations in Kalimantan.

Infrastructure projects key to safeguarding economy

Mustaqim Adamrah and Aditya Suharmoko, The Jakarta Post, JakartaThe government and businesses seem to have agreed on one solution that could mitigate the impact of the global slowdown while also creating millions of new jobs -- to accelerate government-led infrastructure projects.

Govt to revitalize Ngurah Rai airport

The Jakarta Post | Sat, 01/03/2009 5:17 PM | BusinessVice Presiden Jusuf Kalla said Saturday that the government would expand and revitalize the Ngurah Rai International Airport in Denspasar, Bali, and that the construction would begin in April.

Land acquisition a long-standing snag

Commuters from Depok commuting to Jakarta will have to wait to enjoy driving down the planned widened 21.7 kilometer Depok-Antasari turnpike as the developer has said it is in difficulty financing the new express lane due to a huge increase in costs.

Java-Bali grid set for increased power supply

Java and Bali will receive an additional 1,535 megawatts (MW) of power supply this year, although the increased capacity would still not still reach an ideal level, state power firm PT PLN said over the weekend.

Food and Beverage Sector Told to Diversify

With shrinking demand from the main buyers of Indonesia’s exports, such as the United States and the European Union, the country’s food and beverage producers urgently need to diversify their markets, the head of an industry association says.

Banks To Scale Down Business Loans

The banking sector will continue lending to businesses this year, although not as aggressively as in 2008, two senior bankers say.“We don’t want to be too conservative about providing loans,” said Agus Martowardojo, chairman of the Indonesian Bankers Institute, or IBI.

Yudhoyono Promises Major Economic Stimulus Package

President Susilo Bambang Yudhoyono said on Wednesday that his administration would counter the impact of the global economic recession next year with a fiscal stimulus package worth Rp 12.5 trillion ($1.15 billion).

Economic indicators predicted to decline in 2009

Samarinda (ANTARA News) - Economic indicators amidst the global financial crisis are predicted to decline in 2009, an Indonesian Chamber of Commerce and Industry (Kadin) executive says."The global crisis which hit many countries in the world in 2008 will continue this year.

Govt cashing in hefty gains from oil, gas, mining, but wary about next year

Alfian, The Jakarta Post, JakartaWhile booking an unprecedented 53.79 percent jump in revenue this year in direct earnings from the energy and mining sectors, the government will prepare for possible economic turbulence next year by lowering revenue expectations for the state coffers.

New mining law has its pitfalls

With impeccable timing Indonesia has created a new mining law just as the biggest resource boom in history has come to a grinding halt. Someone recently wrote that Indonesia is the last country miners come to during a mining boom and the first they leave when it ends -- and we have already seen...

Investors Wait for Regulation about Industrial Estates

TEMPO Interactive, Jakarta: Chairman of Indonesian Industrial Estates Association, Hendra Lesmana, has said that investors are holding on to their investment funds until the draft government regulation regarding industrial estates is completed.

Indonesia delays free trade deals with Oz, NZ

Tight Antipodean bastards.

Where is the household rupiah going?

Debnath Guharoy, Consultant What a year it's been. By any yardstick, 2008 was an exceptional one for most people regardless of age, gender or geography. In the turmoil, the established economic order is in question around the world.

Government Asked to Cut Red Tape to Encourage Foreign Investors

The Indonesian Industrial Estate Association, or HKII, on Tuesday urged the government to implement its industrial estate regulation, known as RPP KI, to better protect businesses and attract foreign investors.

Ministry Forecasts Energy, Mining Sectors Revenues Will Plummet 21% Next Year

Slowing market demand and the international financial crisis have caused significant drops in gold, sliver, tin and copper production in Indonesia in recent months and also forced companies to revise down their targets for 2009, ministry officials said on Tuesday.

Indonesia delays free trade deals with Oz, NZ

The Jakarta Post, JakartaIndonesia, Southeast Asia's largest economy, has delayed signing a trade deal with Australia and New Zealand, due to be inked this month, until March next year, a senior official said Monday.

Government to Issue Free Trade License for Ports

Tuesday, 30 December, 2008 | 19:19 WIBTEMPO Interactive, Jakarta: Indonesian Authority is planning to issue a free trade license for five ports in three free trade zones. Port and Excavation Director at the Transport Ministry, Cholik Kirom, said the license will come into effect in January 1st 2009.

Tourism law accomplishes little

Indonesia's biggest problem is it's undeserved bad rep with tourists.When in Malaysia on holiday several times over the last few years I often considered coming here but was always warned against it by other tourists and Malays (Mostly Chinese) I knew.

Real Estate Agents Lobby for Foreign Property Rights

Constitution Bars Realtors' Efforts to Extend Property Ownership Rights to Non-Indonesians.(12/26/2008) The Indonesian Real Estate Association (REI) chapter from North Sumatra told the national news agency Antara that there is a pressing need to extend the leasehold period for foreigners in...

An Economic Strategy for Bali for 2009

Bali's Leaders Gather to Plot Strategies to Confront World Economic Crisis.(12/26/2008) A discussion of Bali's economy for 2009 was convened on Wednesday, December 24, 2008 by Bisnis Bali including leading academics, banking officials, government officials and local business leaders.

Indonesian accounting standard reported to IFRS

1 + 1 - my share = Indonesia

Indonesian accounting standard reported to IFRS

Jakarta (ANTARA News) - The Indonesian Accountants Association (IAI) reported the Indonesian finance accountancy standards convergence (SAK) to International Financial Reporting Standards (IFRS) at its 51st anniversary.

Observer: direct investment to drop in 2009

Jakarta, (ANTARA News) - Economic observer from the Institute for Development of Economics and Finance (Indef), Aviliani, predicts direct investment in Indonesia in 2009 will drop due to political conditions in the year.

Aquaculture Production Expected to Increase 45 Percent Next Year

The Ministry of Marine Affairs and Fisheries said that aquaculture, or commercial fisheries, would overtake traditional fishing as the main source of Indonesia’s seafood in next year.Soen’an Hadi Poernomo, the ministry’s head of information, said aquaculture production was projected to rise...

Tourism law accomplishes little

We don't see how the new tourism law which was passed by the House of Representatives last week will contribute to further developing Indonesia into a major destination for global tourists.Simply speaking, the new legislation fails to provide new, strong building blocks for strengthening the main...

Retailers Slam Ministry’s Market Decree

Astoundingly hamfisted policy-making.

Retailers Slam Ministry’s Market Decree

In a move critics say smacks of protectionism and goes against fair trade practices, the Ministry of Trade has issued a decree banning hyperstores, shopping malls, supermarkets and mini-markets nationwide from opening outlets near traditional markets and levies fees on the products they sell.

AGO says ministry's documents unlawful

Travel Ban Placed on Web Site Graft Company Executiveby Arientha PrimanitaThe Immigration Department has banned an executive of a company at the center of a corruption scandal at the Ministry of Justice and Human Rights from traveling overseas, an official said on Thursday.

Look high or low for tourism flow: Hit or miss?

The Jakarta Post, Jakarta Which number would you like to have for next year's total tourism visit projection? Would it be 6.2 million, 6.4, 6.5, or even 8 million? These are the choices you get when the government sets a target for expected visitors to the country in 2009.

The Bakrie Empire and Indonesia's government

sym·bi·o·sis (sĭm'bē-ō'sĭs, -bī-) n. pl. sym·bi·o·ses (-sēz)Biology: A close, prolonged association between two or more different organisms of different species that may, but does not necessarily, benefit each member.

Indonesia to boost spending on infrastructure amid global recession

JAKARTA, Dec. 24 (Xinhua) -- Indonesia planned to raise spending on infrastructure next year to 100 trillion rupiah (some 9.2 billion U.S. dollars) from this year's 60 trillion rupiah (about 5.5 billion U.S.

Business to recover in second semester of 2009 Jakarta (ANTARA News) - The Indonesian Young Entrepreneurs Associat

Jakarta (ANTARA News) - The Indonesian Young Entrepreneurs Association (HIPMI) has predicted that businesses' performance which at present is experiencing the impact of global financial crisis in the country will recover in the second semester of 2009.

President: All national ships must fly Indonesian flag

Gresik, East Java (ANTARA News) - President Susilo Bambang Yudhoyono reiterated the government`s determination here on Wednesday to make all the ships transporting goods between the different parts of the country to fly the Indonesian flag.

Kadin says domestic market must be given priority

Jakarta (ANTARA News) - Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for Monetary and Fiscal Committee, Bambang Soesatyo said efforts must be made to increase the absorption capacity of domestic market in facing the impact of global economic crisis.

Firms invest less on weak demand

Ika Krismantari, Jakarta Post, Jakarta In a clear sign of a slowdown, investment in the country's industrial sector is forecast to drop by 18 percent this year, from a year earlier, with a further decline expected next year as the impact of the global economic downturn peaks.

Oil and gas companies to spend big in 2009

Alfian, The Jakarta Post, Jakarta Oil and gas contractors have proposed to the regulator to spend up to US$13.15 billion on investment in exploration and production in 2009.These investment plans were submitted to BPMigas through the companies' 2009's working and budget programs, BPMigas's chairman...

Coal demand for next year: Probably not so hot anymore

Katherine Hermawan, AnalystThe recent drop in the market price of coal from its record levels earlier this year will adversely impact earnings of Indonesian coal producers. Based on this factor, going forward, we expect weaker coal prices in line with the downtrend in oil prices, while higher...