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Mon, 15 Dec 2008
The new mining law
The new mining law which is scheduled to be enacted by the House of Representatives on Tuesday still stipulates the clause most dreaded by mining investors -- the licensing system in general mining and coal (excluding oil, natural gas and geothermal) will be changed from contract of work (CoW) to a...
Mon, 15 Dec 2008
Fresh milk producer imports cows
Due to increasing demand for fresh milk in Asia, fresh milk producer Greenfield has imported 360 pregnant cows from Australia to improve its production capacity.Greenfield processing manager Darmanto told The Jakarta Post here over the weekend his company, which had allocated Rp 108 billion (US$9.
Mon, 15 Dec 2008
Tourism promotion fund slashed as crisis worsens
Ni Komang Erviani, Contributor, Denpasar The tourism industry in Bali has criticized the provincial administration's decision to cut the tourism promotion fund in a bid to free up more money for health and poverty eradication programs.
Mon, 15 Dec 2008
Indonesia says New Zealand trade deal request intolerable, ‘peanuts’
Indonesia has accused New Zealand of giving “too few” while requesting “too many” special facilities that may harm certain Indonesian industries and cause massive job losses, during an ongoing free trade negotiation that could end in a deadlock.
Mon, 15 Dec 2008
Furniture makers gain $250m orders from China's loss
Although many industries are suffering from a drop in orders, furniture producers are enjoying extra orders worth US$250 million until next year, with U.S. customers shifting their orders from China to Indonesia.
Mon, 15 Dec 2008
Mining law may deter big investors: Associations
While it will certainly ensure more business, the soon-to-be passed mining bill is likely to discourage large multinational mining companies from investing in Indonesia, putting the future of the industry at stake, mining groups warn.
Mon, 15 Dec 2008
Investment Could Slow in ’09
Investment growth in Indonesia, from both domestic and foreign sources, is predicted to slow next year as the country feels the impact of the global slowdown. Tensions in domestic politics ahead of next year’s elections may also see investors delay some of their plans, economists said.
Mon, 15 Dec 2008
Garment exports doing well despite global crisis next year
The Jakarta Post, Jakarta Thanks to investment worth around Rp 4 trillion (US$363 million), garment-making businesses are expected to grow by 11.4 percent by year-end, and another 10 percent next year.Garments account for 60 percent of Indonesia's textile and textile products (TTP).
Mon, 15 Dec 2008
Government Offices Must Use Locally-Made Furniture
TEMPO Interactive, Jakarta:Vice President Jusuf Kalla has promised that he will instruct all government departments/institutions to use locally-made furniture. This measure is being taken as an effort to save the furniture industry and expand the market domestically.
Sun, 14 Dec 2008
AGO says ministry's documents unlawful
you can count on it.hot off the heals of the latest company articles "upgrading", which cost every single company in indonesia several million Rp each, now they will hit some companies again for having company registration certificates that have been signed by the 'wrong' person.
Sun, 14 Dec 2008
AGO says ministry's documents unlawful
Dian Kuswandini, The Jakarta Post, JakartaThe Attorney General's Office (AGO) said Friday all legal documents issued under an online administration system of the Justice and Human Rights Ministry were unlawful because they were signed by a private company.
Sat, 13 Dec 2008
New Import Rules Delayed
Trade Minister Mari Pangestu Postpones Tough New Import Rules to Get Help Get Indonesian Businesses through the Holiday Season.(12/13/2008) Kompas reports that the government will postpone the implementation of new import regulations due to take effect from December 15, 2008.
Sat, 13 Dec 2008
Government Moves to Clean Up Real Estate Sector
Foreign Real Estate Agents Barred from Directly Operating in Indonesia While Local Agents to be Better Regulated.Bali News: Government Moves to Clean Up Real Estate Sector(12/13/2008) Bisnis Indonesia recently carried an article indicating that the government is preparing to intervene in the...
Sat, 13 Dec 2008
Ministries at odds over market protection
The Trade Ministry and Industry Ministry are at odds on how to protect the domestic market from a projected influx of imported goods as the global economic slowdown cuts demand, resulting in massive excess in supply in the international market.
Sat, 13 Dec 2008
Thousands Provincial Tax Regulations Abolished
TEMPO Interactive, Jakarta:The government has abolished thousands of provincial regulations and draft laws on tax and retribution because they conflict with public interests and other regulations."Autonomy is often misinterpreted as auto-money," said Finance Department's Financial...
Fri, 12 Dec 2008
Protecting domestic industries
Foreign governments and businesspeople have been complaining about what they consider restrictive import barriers the Indonesian government has slapped on certain goods.However, further analyses would show that what the Trade Ministry has been doing so far is mostly protecting the domestic market...
Fri, 12 Dec 2008
Mining Bill Passage Imminent
The House of Representatives, or DPR, settled some controversial issues regarding the country’s proposed mining law late on Thursday, including the use of mining permits instead of contracts, which should clear the way for the bill to become law as early as Tuesday, House members said.
Thu, 11 Dec 2008
Foreign investment up, Jakarta takes most
Endowed with rich natural resources and a large population, Indonesia is becoming more attractive for investors as indicated by an increase in the number of realized direct investment projects involving foreign businesspeople.
Thu, 11 Dec 2008
MSMEs to be in special economic zones: Govt
The government is considering to mandate and set aside an allotted space for micro, small and medium enterprises (MSMEs) in special economic zones (SEZs) under a new draft law.Trade Minister Mari Elka Pangestu said Wednesday in a House of Representatives hearing it was necessary to provide MSME...
Thu, 11 Dec 2008
The Time to Invest Is Now, Says Kalla
Teguh Prasetyo & Sally PiriDespite the slowing world economy, Vice President Jusuf Kalla on Wednesday encouraged businesses not to delay long-term investments, especially projects that would be completed in two to three years and could benefit from a recovery boom once the global financial...
Thu, 11 Dec 2008
2009 Growth May Fall to 4.4 %
Muhamad Al AzhariIn a report released on Wednesday, the World Bank said Indonesia’s economic growth rate could slow to 4.4 percent next year from 6 percent in 2008, assuming a prolonged global economic recession affecting both investment and exports.
Thu, 11 Dec 2008
Alarm at protectionist trend in Jakarta
Foreign governments and business people are becoming alarmed that Indonesia’s policies to mitigate the impact of the global financial crisis are creating trade barriers that violate World Trade Organisation obligations, despite its promises to abstain from protectionism.
Thu, 11 Dec 2008
Canadian delegation meets East Java entrepreneurs
A delegation of business leaders from Canada held a meeting in Surabaya on Wednesday with entrepreneurs from East Java in a bid to look into possible joint business ventures.The meeting, called the Canada-East Java Business Forum, was part of a 3-day itinerary the Canadian Embassy organized to the...
Thu, 11 Dec 2008
CPO price outlook: What a difference a year can make
Achmad Syafriel, AnalystWe attended the 2009 Indonesian Palm Oil Conference and Price Outlook in Nusa Dua, Bali, last week with plenty of participants not only from palm oil companies, but also from different sectors connected to the palm oil industry such as fertilizer producers and investment...
Wed, 10 Dec 2008
ANZ to open 10 more Indonesia branches
ANZ says it will open another 10 branches in Indonesia by the end of next year.It is launching two branches today in the country's second biggest city of Surabaya.The bank now has seven branches in Indonesia, which it says is one of its highest priorities in its Asia Pacific expansion plans.
Wed, 10 Dec 2008
India, EU accuse RI of violating WTO rules
Mustaqim Adamrah, The Jakarta Post, JakartaIndia and the EU are requesting clarification from Indonesia's Industry Ministry over plan to scrap the value-added tax (VAT) on locally manufactured raw materials.
Tue, 09 Dec 2008
Indonesia needs 4.4 mln entrepreneurs to build economy
Jakarta (ANTARA News) - Indonesia must produce 4.4 million new entrepreneurs in the coming 25 years to emerge in economic terms, a noted businessman said."Up to now, Indonesia only has 400,000 entrepreneurs," Ciputra, a reputed corporate leader, said here on Tuesday.
Tue, 09 Dec 2008
Bajaj to upgrade plant capacity
Originally Posted By: fredAre Bajaj any good?Keep seeing the ads but stil sticking to Honda tiger at the moment.Indonesia seems to be following the trends set by the UK in the 50s and 60s so I wouldn't be too shocked to see a bubble car or it's like turning up soon.
Tue, 09 Dec 2008
Pertamina to divest non-core-business subsidiaries
I myself have been a recipient of their law-breaking. I enjoyed it.
Mon, 08 Dec 2008
Bajaj to upgrade plant capacity
Originally Posted By: biznewsBajaj to upgrade plant capacityThe Industry Ministry's land transportation director Panggah Susanto said the company's principal distributor PT Bajaj Auto Indonesia would upgrade its existing semi-knocked down assembly plant to a plant capable of assembling completely...
Mon, 08 Dec 2008
AGO to check losses from web graft
KPK, Helloooooooooooooo, KPK............ Is this not your job?
Mon, 08 Dec 2008
AGO to check losses from web graft
AGO traces website graft money to SingaporeThe Jakarta Post, Jakarta | Mon, 12/08/2008 10:11 AM | NationalThe Attorney General's Office (AGO) has traced some money allegedly embezzled from the Ministry of Justice and Human Rights in an online services graft scam to a Singapore bank account.
Sun, 07 Dec 2008
Weapons of Self-Destruction
In the midst of a World Economic Meltdown, Indonesia's Leaders Take Steps Certain to Add More Suffering to an Already Crippled Tourism Sector.(12/6/2008) In the midst of a world economic crisis of indeterminable duration, Indonesia has recently introduced policy shifts likely to inflict added pain...
Sat, 06 Dec 2008
Batam to scrap taxes on luxury items in free-trade zones
Aiming for the Singaporean market no doubt!
Sat, 06 Dec 2008
Indonesia: Fifth to Pirate Software in Asia
Originally Posted By: DilliDon't have that problem I record using Apple technology now! I bang together the boiled skulls of my most fervent enemies and record it onto rotating wax drums.
Fri, 05 Dec 2008
Indonesia: Fifth to Pirate Software in Asia
Originally Posted By: biznewsIndonesia: Fifth to Pirate Software in AsiaThursday, 04 December, 2008 | 11:33 WIBTEMPO Interactive, Bandung:Indonesia is currently in the fifth position for countries to pirate software in Asia.
Fri, 05 Dec 2008
Batam to scrap taxes on luxury items in free-trade zones
Can anyone smell a new way to smuggle in items........
Fri, 05 Dec 2008
Batam to scrap taxes on luxury items in free-trade zones
Four classes of luxury goods -- automobiles, electronics, tobacco and alcohol -- sold on three free-trade islands of Batam, Bintan, and Karimun regions will be tax exempt at the start of the new year, a minister said Thursday.
Fri, 05 Dec 2008
The show must go on; Where and what next for the property market?
The debate about whether Asia has decoupled earlier this year is now history as it is clear that Asia's fortunes are clearly intertwined with those of the United States and the European economy.Fortunately Indonesia's economy has relatively low exposure to the direct source of the credit crunch;...
Fri, 05 Dec 2008
Bajaj to upgrade plant capacity
Mustaqim Adamrah, The Jakarta Post, Jakarta India's top motorcycle maker Bajaj plans to spend between US$50 million and $60 million next year to upgrade existing plant here, highlighting the positive prospects for Indonesia's motorcycle industry despite forecasts of slower economic growth.
Fri, 05 Dec 2008
A cap needed on port charges
Mustaqim Adamrah, The Jakarta Post, Jakarta The government should enforce a limit on sea port charges charged by service providers to help reduce the high cost that traders, in particular importers, have had to bear for far too long, a discussion heard Thursday.
Fri, 05 Dec 2008
Trade Minister Foresees Tough Times for Exports
Trade Minister Mari Pangestu said on Tuesday that exports were set to fall next year due to weak global economic growth, but predicted that a recovery could occur in the second half of the year.“The first half of 2009 will be the most difficult period,” she said, adding that she was unable to...
Fri, 05 Dec 2008
Telkom Calls on Govt to Cap Cellular Licences
PT Telekomunikasi Indonesia Tbk, or Telkom, is urging the government not to issue more cellular-service licenses, even as it forecasts that next year’s penetration rates will rise higher, a Telkom official said on Wednesday.
Fri, 05 Dec 2008
Indonesia: Fifth to Pirate Software in Asia
Originally Posted By: witty handleOriginally Posted By: KuKuKaChuwell, comon', anybody with less than two computers would have to be some sort of, umm, i dunno, english teacher or something. Fewer, not less....
Fri, 05 Dec 2008
Indonesia: Fifth to Pirate Software in Asia
Originally Posted By: KuKuKaChuwell, comon', anybody with less than two computers would have to be some sort of, umm, i dunno, english teacher or something. Fewer, not less....just call me a one computer guy
Fri, 05 Dec 2008
Pertamina to divest non-core-business subsidiaries
i wonder if pertamina will divest itself of the military.