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Wed, 24 Dec 2008
Look high or low for tourism flow: Hit or miss?
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.
Wed, 24 Dec 2008
Lutfi Sees Drop in Investment Investment in Indonesia is predicted to total $17 billion in 2009, Muhammad Lutf
Investment in Indonesia is predicted to total $17 billion in 2009, Muhammad Lutfi, the chairman of the country’s investment board said, lower than an earlier target of around $20 billion due to the global economic crisis.
Wed, 24 Dec 2008
Bahana Opening Mutual Fund To Finance Kalimantan Port
State-owned PT Bahana TCW Investment Management is offering a limited-placement mutual fund aimed at raising Rp 325 billion ($29.9 million) to finance the development of an East Kalimantan supply base for mining logistics. Dwina S.
Wed, 24 Dec 2008
Government Aims to Speed Trade Activities, Cut Graft With Updated Online System
Muhamad Al AzhariAs parts of its effort to boost international trade efficiency, the government on Tuesday launched the third phase of the “National Single Window” program, or NSW, an online system which may enable traders to submit necessary documents and obtain clearance from a wider array of...
Tue, 23 Dec 2008
Mining Bill Questions May Delay Investments
There will be few major investments in Indonesia’s mining sector until the government clarifies uncertainties in the recently passed mining bill, industry analysts and companies said on Monday.“Whether we like it or not, the mining bill has been passed.
Tue, 23 Dec 2008
Tranzeo and TRG Sign Joint Development Agreement to Create WiMAX Radios for Indonesia
PITT MEADOWS, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2008) - Tranzeo Wireless Technologies Inc. (TSX:TZT), a premier manufacturer of wireless broadband and WiMAX communication systems, has signed an agreement to jointly develop WiMAX subscriber units for the Indonesian market with PT.
Tue, 23 Dec 2008
Pertamina to spend big on upstream
Alfian, The Jakarta Post, BandungState oil and gas company PT Pertamina plans to spend around Rp 11 trillion (US$1 billion) on upgrading its upstream facilities as part of an effort to boost output, the company's upstream director, Karen Agustiawan, says.
Tue, 23 Dec 2008
Govt to squeeze mining firms for more revenue
The government may request increased royalty payments from mining companies by reviewing their current contracts following the enactment of an amended mining law, Energy and Mineral Resources Ministry Purnomo Yusgiantoro says.
Tue, 23 Dec 2008
RI, China sign Rp 35t deals on energy, mining
Alfian and Adianto Simamora, Jakarta, The Jakarta Post Indonesia and China signed deals Monday covering cooperation on eight energy and mining projects worth a total of around Rp 35 trillion (US$3.13 billion).
Tue, 23 Dec 2008
Lampung builds special school to support bioenergy program
The Lampung provincial administration is building an integrated biofuel school in Central Lampung regency as part of its plan to become a national bioenergy center.Construction of the special school in Sulusuban village, Central Lampung, is expected to cost Rp 216 billion (US$19.
Tue, 23 Dec 2008
Batam aims to enter Korean market with Ming Aralia plant
Since mid-November, Haliman, 50, has been busily engaged in cultivating Polyscias Fruticosa, better known as Ming Aralia, an evergreen shrub native to India and Polynesia, at the Sei Temiang flower nursery in Batam, Riau Islands.
Mon, 22 Dec 2008
Businesses seek extension to tax deadline policy
Mustaqim Adamrah and Aditya Suharmoko, The Jakarta Post, Jakarta The Indonesian Chamber of Commerce and Industry (Kadin) has requested the government to postpone a deadline to improve tax filing and undertake tax registration until March next year as businessmen are busier than ever coping with the...
Mon, 22 Dec 2008
Rocky Outlook for CPO Could Mean Seed Import Suspension
The government may halt imports of oil palm tree seeds next year as domestic demand for the seeds slows amid the global economic slowdown and a drop in crude palm oil prices.“We are still trying to figure out how much domestic demand there will be for [oil palm seeds] next year,” Achmad Mangga...
Mon, 22 Dec 2008
Finance minister calls for help to fight port mafia
The Jakarta Post | Sun, 12/21/2008 4:08 PM | BusinessFinance Minister Sri Mulyani has called on local business people to help her ministry fight what she called the "port mafia"."Currently, I'm fixing our port, which includes reforming the customs office.
Mon, 22 Dec 2008
Government To Support Handicraft Industry
The government plans to host hundreds of promotional events and trade shows in 2009, which it has dubbed the “Year of Creative Industries” in response to complaints that it isn’t doing enough to stop foreign producers from cashing in on Indonesia’s cultural heritage by selling imitation...
Mon, 22 Dec 2008
A 'Sacred' Figure: 7 Million Foreign Tourists?
Originally Posted By: MarmaladeSad but true that more people want to visit that over-sanitised little dump Singapore than here... Indonesia is the main source of tourists visiting Singapore. Numbers will only likely increase once Singapore opens its casinos in a couple of years.
Mon, 22 Dec 2008
A 'Sacred' Figure: 7 Million Foreign Tourists?
Pretty good reporting. Sad but true that more people want to visit that over-sanitised little dump Singapore than here...
Sat, 20 Dec 2008
A 'Sacred' Figure: 7 Million Foreign Tourists?
Editorial: Bali Post Editorial Questions Efficacy and Professionalism of Indonesian Tourism Promotion.(12/20/2008) Pande Putu Setiawan S.T, M.M. an alumnus of Yogyakarta's Gadja Mada University post-graduate program and the University of Victoria (Canada) contributed an editorial for the December...
Fri, 19 Dec 2008
BPMigas has 6 months to change
The Corruption Eradication Commission (KPK) has given the Upstream Oil and Gas Regulator (BP Migas) six months to mend its poor inventory system that has given rise to allegations of embezzlement.Speaking after meeting with BP Migas head R.
Fri, 19 Dec 2008
Batam businesses want quick transfer from BIDA to BPK
Fadli, The Jakarta Post, Batam Business circles in Batam, Riau Islands province, are calling on the government to expedite the planned setting up of a regional management body (BPK) in the area aimed at replacing -- fully or partly -- the Batam Industrial Development Authority (BIDA).
Fri, 19 Dec 2008
Ministry: Tourism arrivals to rise 25 percent
The Jakarta Post, Jakarta Almost certain to meet this year's revised downward target, the government remains boldly confident foreign tourist arrivals will rise 25 percent next year, betting partly on the results of higher promotional budgets, says a ministry official.
Fri, 19 Dec 2008
Indonesia looks to Middle East, Gulf oil-rich investors
The government aims to net more investment from Middle East oil state main players next year, in particular in the agricultural sector, despite the global economic downturn, says a government official.Investment Coordinating Board (BKPM) chairman Muhammad Lutfi said Thursday that Arab investors...
Fri, 19 Dec 2008
Govt eyes $25b of investment in energy and mining
Alfian, The Jakarta Post, Jakarta In a bold move, the government forecasts investment in the oil, gas, power and mining sectors next year will grow by 16.7 percent compared to this year, despite the global financial crisis and economic downturn constraining some financial flows.
Fri, 19 Dec 2008
Lombok Mineral Water Exported to Australia
$12,500 dollar a month export makes the news - $1.8 million USD of furniture flogged in Dubai --- Are things really that bad that this is the most positive business news Indonesia can muster? Or is it just the Christmas effect?
Fri, 19 Dec 2008
Lombok Mineral Water Exported to Australia
TEMPO Interactive, Mataram:West Nusa Tenggara (NTB) governor Muhammad Zainul Madjdi yesterday released the first batch of bottled water produced by PT Narmada Awet Muda (NAM) exported to Melbourne, Australia.PT NAM director Pengki Yupiter said the business was started in 2006.
Fri, 19 Dec 2008
Government asked to follow Malaysia`s oil restriction
Jakarta (ANTARA News) - A scientist of the Indonesian Institute of Sciences (LIPI) has advised the government to follow Malaysia`s step in restricting its natural oil exploitation."Malaysia restricts its oil exploitation to about 630,000 barrels per day and gas consumption to 32,000 million...
Fri, 19 Dec 2008
Minister: castor oil machine trial run in Rote
Kupang, E Nusa Tenggara (ANTARA News) - Research and Technology State Minister Dr Kusmayanto Kadiman succeeded a trial operation of his Castor oil machine in Rote Ndao Regency, East Nusa Tenggara (NTT).
Fri, 19 Dec 2008
Govt to halve refined sugar imports next year
Jakarta, (ANTARA News) - The government will in 2009 cut refined and raw sugar imports by 50 percent and 20 percent each of their 2008 import quotas in a move to protect local production."The government is expected to cut its import quotas next year as sugar stocks begin to increase now,"...
Thu, 18 Dec 2008
Indonesia Earns US$1,8 Million at Dubai’s Furniture Exhibition
How many Indonesian officials does it take to fly to Dubai and secure US$1,8 million worth of transactions (whatever that is) in boomtown?
Thu, 18 Dec 2008
Indonesia Earns US$1,8 Million at Dubai’s Furniture Exhibition
Fuck me sideways!!!!!!!!!!!
Thu, 18 Dec 2008
Government pushing for more SEZs
A set of incentives have been prepared for businesses willing to operate in special economic zones (SEZs) to attract investment into the regions, with the government expecting the SEZ bill to soon be endorsed by lawmakers.
Thu, 18 Dec 2008
Mining law pushes companies
Alfian, The Jakarta Post, JakartaThe new mining law requires existing contract holders to submit a comprehensive plan for their entire working area, otherwise they may lose part of their designated mining area under a capping provision stipulated by the newly endorsed law.
Thu, 18 Dec 2008
Cutting CPO supply to raise prices: Will it work?
Felicia Barus, AnalystThe crude palm oil price has been through a roller-coaster journey in 2008. The journey started with prices at $995/ton in January, a peak was reached at $1,395/ton in March, then a steep drop to $435/ton in October, and the price is finally settling at around the $510/ton...
Thu, 18 Dec 2008
Bill passed to form independent tourism board
Erwida Maulia, The Jakarta Post, Jakarta The House of Representatives passed a new tourism bill into law Wednesday that orders the establishment of an independent board to promote Indonesia's tourism at home and abroad.
Thu, 18 Dec 2008
Indonesia Earns US$1,8 Million at Dubai’s Furniture Exhibition
TEMPO Interactive, Jakarta:Indonesia earned US$1,8 million worth of transactions at the international furniture exhibition in Dubai, the United Arab Emirates. The figure is 22.27 percent higher than that of last year’s.
Wed, 17 Dec 2008
Ministry to unload Rp 8t for port, navigation projects
The Jakarta Post, Jakarta In a bid to boost trade among regions, the Transportation Ministry is setting aside Rp 8 trillion (US$707 million) in the state budget to construct and develop ports and a shipping navigation system next year.
Wed, 17 Dec 2008
NZ free trade deal offers insufficient: Agriculture Minister
New Zealand's proposal for Indonesia to scrap tariffs on imported meat and dairy products will not benefit the development of Indonesia's dairy and meat industries, Agriculture Minister Anton Apriyantono says.
Wed, 17 Dec 2008
Investors reluctant to use Tanjung Wangi seaport
Investors in the Banyuwangi province in East Java have been reluctant to use Tanjung Wangi as an alternative seaport for exports and imports despite a efforts by the government to promote the port.Chairman of the East Java provincial branch of Indonesian Trade and Commerce (Kadin) Erlangga said the...
Wed, 17 Dec 2008
Import limitation to take place next month
No mention of Bali for beverages then?And I suppose Kalimantan does not import anything anyway!
Wed, 17 Dec 2008
Mita Valina Liem Miners Must Smelt Ore in Indonesia Under New Law
Mining firms operating in Indonesia will no longer be able to extract and directly export unprocessed ore, but instead will have to refine it locally before shipping it abroad, according to a provision of the mining law passed by the House of Representatives, or DPR, on Tuesday.
Wed, 17 Dec 2008
ASEAN tightens up to ride China's rise
CHIANG MAI - The 10-member Association of Southeast Asian Nations (ASEAN) launched a new joint charter on Monday that establishes mutual rules and commitments, moving the 41-year-old grouping one step closer to becoming a unified economic bloc.
Wed, 17 Dec 2008
Import limitation to take place next month
Trade Minister Mari Elka Pangestu bowed Monday to pressure for an immediate limitation on the entry of five categories of goods into certain ports and airports by issuing a revised policy that will take place on Jan. 1.
Wed, 17 Dec 2008
House digs deep to pass mining bill amid protest
Marred by protests and walkouts by several factions, legislators on Tuesday ended years of deliberation to endorse the contentious mining bill that includes provisions on revising the permit system and advocating a review of all existing contracts.
Wed, 17 Dec 2008
Airport Train Project Attracts Seven Potential Investors
TEMPO Interactive, Jakarta:Train Director-General Wendy Aritenang said seven domestic and international investors have submitted their proposal to take part in the 3.27 kilometer train project linking Jakarta to the Sukarno-Hatta- airport train.
Wed, 17 Dec 2008
Small, medium businesses provide 90 per cent of employee
Jakarta (ANTARA News) - Indonesian micro-, small-and medium-sized businesses (UMKMa) provide 99 percent of total employment in the country accomodating up to 90 percent of the country's workers, a national development planning official said.
Wed, 17 Dec 2008
Indonesia to open new trade promotion centers abroad
Jakarta (ANTARA News) - Indonesia plans to open 11 new Indonesian Trade Promotion Centers (ITPC) abroad at the end of this year, the head of the National Export Development Agency (BPEN), Bachrul Chairi, said here on Tuesday.
Tue, 16 Dec 2008
Minister Says Asean On Track For Single Market
The Association of Southeast Asian Nations, or Asean, is on track to create an Asean economic community, or AEC, by 2015 despite the delay of an association summit in Thailand that was scheduled for this week due to the political crisis there, Trade Minister Mari Pangestu said on Monday.
Tue, 16 Dec 2008
Asean agrees on liberalization of three sectors
Jakarta, (ANTARA News) - The economy ministers of the ASEAN member countries will sign an agreement on the liberalization of trade of goods and service, and investment to reach the ASEAN Economic Community (AEC) in 2015."On December 16, 2008, ASEAN economic ministers will meet in Singapore.
Tue, 16 Dec 2008
CSR Is A Double Taxation
TEMPO Interactive, Jakarta: The Constitutional Court began on Monday first hearing of the judicial review on regulation on corporate social responsibility filed by three businesspersons.MS Hidayat (The Indonesia Chamber of Commerce), Erwin Akasa (Indonesia Young Entrepreneur Association), and...