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Fri, 24 Oct 2008
President Yudhoyono invites Asian, European bizmen to invest in Indonesia
Beijing (ANTARA News) - Visiting Indonesian President Susilo Bambang Yudhoyono has invited Asian and European investors to invest in various fields in Indonesia."I invite you to invest in various business opportunities in Indonesia," President Yudhoyono told hundreds of Asia and European...
Fri, 24 Oct 2008
Coffee Exports Failed to Reach Target
Thursday, 23 October, 2008 | 19:10 WIBTEMPO Interactive, Jakarta:Jakarta – The export value of Indonesian coffee this year is estimated to be US$ 400 million, less than the targeted US$ 575 million. According to Indonesian Coffee Export and Industry Association chairman, Hassan Widjaja, the...
Fri, 24 Oct 2008
Fishery Industry Reduces Operating Hours
Thursday, 23 October, 2008 | 19:12 WIBTEMPO Interactive, Jakarta:Indonesian Fishery Businessmen Association chairman Hendri Sutandinata said the impact of the global financial crisis are starting to affect the fishery sector.
Fri, 24 Oct 2008
Furniture dominate transactions in Indonesia Trade Expo
Jakarta (ANTARA News) - Furniture dominated the first two-day transactions in the 23rd Indonesia Trade Expo which was opened by President Soesilo Bambang Yudhoyono on October 21, 2008."The transactions reached US$ 5,64,281 and was dominated by Spanish, Greek, Italian and British buyers with...
Fri, 24 Oct 2008
Indonesian canned tuna exports to US down 40 pct
Jakarta (ANTARA News) - Indonesia`s canned tuna exports to the US have fallen by up to 40 percent since the financial crisis engulfed the latter, the Indonesian Association of Canned Fish Producers (APIKI) said.
Fri, 24 Oct 2008
Indonesia exports prospective in Middle East, New Zealand markets
Jakarta (ANTARA News) - Director General for Asia-Pacific and African Affairs at the Foreign Affairs Ministry Primo Alui Joelianto said Indonesian non-oil and gas exports to the Middle East as well as to New Zealand have good prospects, reports said here on Thursday.
Thu, 23 Oct 2008
Kadin, govt aim to fight global woes
I don't mind the taxi drivers, it's the arsehole airport security that piss me off. Upon arrival I like to go straight upstairs to the departures level, catch a tarif bawah taxi that's just dropped someone off - save the poor bastards a fare-less trip back to town, and save me the outrageous 10,000...
Thu, 23 Oct 2008
Credit crunch may hit RI mining investment
The stock market slowdown and drying up of banking liquidity may force mining firms to reduce their spending on exploration, causing commodity scarcity during the next four to five years, an official and a business association said on Wednesday.
Thu, 23 Oct 2008
Manufacturing industry starts cutting production
Manufacturing companies in all industrial estates in Indonesia, especially in Java, have begun to cut production as a result of the global financial crisis that has begun weakening domestic and international demand, Antara reported.
Thu, 23 Oct 2008
Govt to centralize entry points for certain foreign-made goods
Jakarta (ANTARA News) - The government intends to centralize the points of entry of foreign-made goods susceptible to smuggling in order to simplify their supervision under the impact of the global financial crisis, Finance Minister Sri Mulyani said.
Thu, 23 Oct 2008
US companies ready to invest In Indonesia
Jakarta (ANTARA News) - Twenty five American companies were planning to make investments in Indonesia in spite of the current financial crisis facing their country, it was learned from a meeting between a US-ASEAN Business Council delegation and the Indonesian minister of industry Fahmi Idris here...
Thu, 23 Oct 2008
Indonesian palm oil producers ready to use biodiesel
Pekanbaru (ANTARA News) - Most Indonesian palm oil producers are ready to use biodiesel fuel to increase the use of crude palm oil while the price of the commodity in the world market has dropped."After inspecting a number of regions including Riau, I conclude that many palm oil factories were...
Tue, 21 Oct 2008
Kadin, govt aim to fight global woes
Aditya Suharmoko, The Jakarta Post, Jakarta As the government seeks to boost domestic industry in anticipation of a U.S. recession, businesses in turn want an increased effort made to reduce costs, help diversify export destinations, boost bank loans and empower small and medium firms.
Tue, 21 Oct 2008
Residents in Balikpapan Increase by 1,500 People Every Month
Tuesday, 21 October, 2008 | 11:52 WIBTEMPO Interactive, Balikpapan: The number of residents in Balikpapan, East Kalimantan, increases by about 1,500 people every month.The newcomers usually are from Java and Sulawesi.
Tue, 21 Oct 2008
HSBC to acquire Bank Ekonomi to double presence
HSBC Holdings announced in London on Monday it would acquire majority ownership of Indonesia-based Bank Ekonomi for US$607.5 million, as a step toward doubling its presence in the country.HSBC would acquire a 38.84 share in Ekonomi from PT Lumbung Artakencana, 38.
Tue, 21 Oct 2008
Indosat eyes Internet revenues as cellular income flattens
Ika Krismantari, The Jakarta Post, JakartaAnalysts have predicted that the growth of the cell phone business in the country will not last much longer, with a downturn expected to hit the market in the next two or three years, as it will have become a saturated market.
Tue, 21 Oct 2008
Yogyakarta's Enhances Asian Tourism Market
Monday, 20 October, 2008 | 18:43 WIBTEMPO Interactive, Yogyakarta:The global financial crisis has made the Yogyakarta Tourism Board seek new ways to bring tourists to its city. The board is determined to lure more visitors from Australia, Eastern Europe and South Africa.
Tue, 21 Oct 2008
Singapore Developers Target Indonesians
Monday, 20 October, 2008 | 18:46 WIBTEMPO Interactive, Singapore:Indonesians are still very much the target of the Singapore property sector. Property buyers from Indonesia are currently in second place after Malaysia.
Tue, 21 Oct 2008
Cap rattan exports to help local industry
Mustaqim Adamrah, The Jakarta Post, Jakarta The Industry Ministry seeks to decrease rattan exports to help ensure supply for the local furniture industry.Benny Wahyudi, the ministry's director general for agriculture and chemical industries, said last week the ministry was in the process of...
Mon, 20 Oct 2008
Tourism Industry: Ignorance is Bliss
US financial crisis has impact on Bali`s economyDenpasar (Antara News) - The US financial crisis which had developed into a global crisis has caused an unfavourable impact on Bali`s economy."The US financial crisis also posed an disincentive to Bali`s economy as a whole," Head of the Bank...
Mon, 20 Oct 2008
US financial crisis has impact on Bali`s economy
Denpasar (ANTARA News) - The US financial crisis which had developed into a global crisis has caused an unfavourable impact on Bali`s economy."The US financial crisis also posed an disincentive to Bali`s economy as a whole," Head of the Bank Indonesia branch office in Denpasar Viraguna...
Mon, 20 Oct 2008
Legislator highlights declining price of CPO
Jakarta (ANTARA News) - A member of the House`s Commission VI dealing with trade and investment Alfridel Jinu hightlighted a drop in the price of crude palm oil (CPO) and its derivatives in the past days.
Sun, 19 Oct 2008
Govt declares 10 regions top tourist destinations
Sungailiat, Bangka (ANTARA News) - The Indonesian government has declared ten regions in the country top tourist destionations in a move to boost the national tourism industry."The policy to declare ten regions top tourist destinations will hopefully encourage each of the regions to improve...
Sun, 19 Oct 2008
Batam firms threat to shut operations
The Jakarta Post | Sat, 10/18/2008 4:00 PM | BusinessBusiness owners in Batam free trade zone have threatened to put their operations on halt if the local state power firm insisted on imposing an increase of 14.8 percent in electricity tariffs.
Sun, 19 Oct 2008
Tourism Industry: Ignorance is Bliss
Editorial: Tourism Minister's Wacik's Pollyannaish Reaction to the Current Economic Crisis is Ripe with Danger for Indonesia's Tourism Industry.(10/18/2008) Stock markets around the globe have lost trillions in value.
Sun, 19 Oct 2008
Shortage of Experts due to Limited Education Facilities
Friday, 17 October, 2008 | 23:51 WIBTEMPO Interactive, Bandung:Limited educational facilities is the main impediment to producing more oil experts in Indonesia. "ITB can only take in few students due to lack of facilities," said Bandung Institute of Technology (ITB) rector Djoko Santoso,...
Sun, 19 Oct 2008
Government Asked to Develop Maluku's Infrastructure
Friday, 17 October, 2008 | 23:57 WIBTEMPO Interactive, Jakarta:Maluku government hopes the central government will support post-conflict rehabilitation and reconciliation by developing the infrastructure and energy in the region to attract investors in the tourism and fishery sectors.
Sat, 18 Oct 2008
Great wall planned to protect domestic industry from imports
Originally Posted By: biznews...the government would heighten its supervision of the implementation of the Indonesian National Standard (SNI) as one of the protective measures."We need to protect our domestic market by, among others, enforcing the implementation of the SNI to impede...
Fri, 17 Oct 2008
Great wall planned to protect domestic industry from imports
Originally Posted By: viperaberushitamWill be interesting to see what materials this so called Great Wall is made of.......... imported, no doubt.
Thu, 16 Oct 2008
Great wall planned to protect domestic industry from imports
Will be interesting to see what materials this so called Great Wall is made of..........Paper Mache or something a little stronger........
Thu, 16 Oct 2008
Great wall planned to protect domestic industry from imports
Mustaqim Adamrah and Desy Nurhayati, The Jakarta Post, JakartaThe government has unveiled plans for aggressive nontariff barriers aimed at protecting the domestic industry from an influx of overseas goods in light of slumping exports that will force local companies to rely on domestic demand.
Thu, 16 Oct 2008
RI, Malaysia sign investment and trade agreement
Kuala Lumpur (ANTARA News) - Indonesia and Malaysia had signed here on Wednesday the first Joint Investment and Trade Committee (JICT) agreement to improve trade and investment between the two countries.The Trade Ministers of the two countries signed the agreement on behalf of their countries.
Thu, 16 Oct 2008
Govt limits import of raw materials for producing consumer goods
Jakarta (ANTARA News) - The Indonesian government decided to limit the import of raw materials for producing consumer goods, particularly those already locally produced.Edy Putra Irawady, deputy for trade and industry of the office of the coordinating minister for the economy, said here on...
Wed, 15 Oct 2008
The China factor in Indonesian commodities exports
Following the collapse of the financial sectors in the U.S. and Europe, fear of a global economic slowdown has begun to spread. In spite of measures taken by the U.S. and European governments to help their financial sectors, the threat of a global recession remains prominent.
Wed, 15 Oct 2008
Govt optimistic tourist arrival target of 6-7 million to be achieved
Makassar (ANTARA News) - The government is optimistic that its foreign tourist arrival target of six million - seven million this year will be achieved, a senior tourism ministry official said."We are optimistic the target will be reached considering the enthusiasm of foreign tourists to spend...
Wed, 15 Oct 2008
Indonesian trade promotion in Marseille successful
Jakarta (ANTARA News) - Indonesia`s trade promotion at the 84th Marseille International Trade Show was successful in introducing Indonesian various commodities, tourism resorts, culture and food.During the trade fair, Indonesia`s stand coordinated by the Indonesian Consulate General in Marseille...
Wed, 15 Oct 2008
Minister: global crisis does not affect Indonesia
Which is in stark contrast to..."Feeling the heat from the global financial woes, the government has revised down budget assumptions for next year"
Wed, 15 Oct 2008
Minister: global crisis does not affect Indonesia
Originally Posted By: biznewsManpower and Transmigration Minister Erman Suparno said after the ASEM LEMC II opening ceremony, the global financial crisis does not affect Indonesia`s economical life because it is based on the strength of the people.
Wed, 15 Oct 2008
PT Celebes to export fish heads to Australia
Manado, N Sulawesi, (ANTARA News) - PT Celebes Minapratama will export fish heads to Australia following high demands from the buyers there, a spokesperson said here Tuesday."Australian importers have expressed their interest in buying fish heads at Rp650,000 per kilogram which is higher than...
Wed, 15 Oct 2008
Minister: global crisis does not affect Indonesia
Nusa Dua, Bali, (ANTARA News) - Manpower and Transmigration Minister Erman Suparno said after the ASEM LEMC II opening ceremony, the global financial crisis does not affect Indonesia`s economical life because it is based on the strength of the people.
Wed, 15 Oct 2008
City seeks to entice int'l investors for Transjakarta
The Jakarta bureau of capital investment and regional monetary management (BPM PKUD) is looking to open up participation in busway management to international investors.Hasan Basri Saleh, the bureau's head, said they were looking for prospective investors with interest in vehicle provision.
Wed, 15 Oct 2008
Govt revising down economic growth amid global downturn
Aditya Suharmoko, The Jakarta Post, Jakarta Feeling the heat from the global financial woes, the government has revised down budget assumptions for next year -- including economic growth, Finance Minister Sri Mulyani Indrawati says.2009 State Budget Assumption Original Proposed Changes Growth 6.
Tue, 14 Oct 2008
Biofuel policy reduces palm oil exports
Palm oil exports may decline by 1.5 million metric tons following the implementation of a policy on the mandatory use of renewable energy, a government official said Wednesday, Bloomberg reported.“In relation to the mandatory policy for bio-energy issued last month, we see that the use of...
Tue, 14 Oct 2008
CPO sales to double in October: Official
Sales of crude palm oil are expected to double in October to $2 billion from the previous month due to a further cut in the export tax on the commodity to 7.5% from 10%, a senior government official said Thursday, Dow Jones reported.
Tue, 14 Oct 2008
Govt. offers tax benefits to attract investments
The government is offering tax benefits for certain new investments as part of efforts to improve the investment climate amid the deepening global financial crisis, the Coordinating Ministry for Economic Affairs said Monday, Dow Jones reported.
Tue, 14 Oct 2008
Non oil-and-gas export growth on track: Minister
This year’s forecast of 12.5% non-oil-and-gas export growth will be maintained despite the global economic slowdown, the trade minister said on Thursday, Reuters reported.“Exports this year may not be affected because of strong exports in the past eight months.
Tue, 14 Oct 2008
Inflation hits 12.14% in September
Inflation during September came in at 0.97%, up on the August figure of 0.51% and taking the year-on-year figure to 12.14%, the Central Bureau of Statistics (BPS) stated on Monday, Detikcom reported.The cost of food through the Muslim fasting month of Ramadhan was the major contributor to the...
Tue, 14 Oct 2008
Crisis fall-out limited to stock market: Experts
Indonesia is likely to be saved from the worst effects of the global financial crisis due to its very limited engagement with the world’s financial system, according to a panel of experts quoted by Kompas on Saturday.
Tue, 14 Oct 2008
Global crisis reduces CPO orders
Jakarta (ANTARA News) - The current global financial crisis has adversely affected the self-reliant oil palm growers because the price of oil palm fruits has dropped.Yayat Hudaya, Secretary of the Federation of Plantation Companies, Bengkulu chapter, said here on Monday that world demand for...