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Wed, 01 Jun 2011
Palm Oil King Tops Indonesian Rich-List With $12b Fortune
By S.K. Zainuddin Plantation king Eka Tjipta Widjaja, the patriarch of the Sinar Mas Group, has replaced Budi Hartono as the richest man in the country, according to Globe Asia’s 2011 150 Richest Indonesians list.
Wed, 01 Jun 2011
Accor Indonesia Announces Further Expansion Plans
From: The Jakarta GlobeInternational accommodation chain Accor says it is committed to opening 21 new hotels in Indonesia.Michael Issenberg, chief operating officer of Accor Asia Pacific, told a news conference on Tuesday that it was targeting business travelers and the growing middle-class.
Wed, 01 Jun 2011
Indonesia to Lead Coal Export Growth Through 2020
Indonesia will lead global growth in thermal coal exports in the next decade with producers Bumi Resources and Adaro Energy becoming two of the top three coal exporting companies worldwide by 2015, an energy consultancy firm said on Tuesday.
Wed, 01 Jun 2011
China's CNBM to invest $400 mln in cement, glass in Indonesia-paper
JAKARTA, June 1 (Reuters) - China National Building Material Co Ltd (CNBM) plans to invest $400 million to build a cement factory and glassworks in the next two years in Indonesia's main Java island, a newspaper reported on Wednesday.
Wed, 01 Jun 2011
RI`s 2012 oil production estimated at only 882,140 bpd
Jakarta (ANTARA News) - Indonesia`s crude oil and condensate production in 2012 is estimated to reach only 882,140 barrels per day (bpd), according to data from BP Migas received here on Tuesday.The production estimates from contractors until May 30, 2011 are far below the government`s target of...
Tue, 31 May 2011
China coal imports to double in 2015, India close behind
NUSA DUA, Indonesia (Reuters) - Top coal consumer China should see import demand more than double in the next four years and India will be close behind as both hoover up supplies on international markets to feed rapidly growing power industries, industry executives said on Monday.
Tue, 31 May 2011
BP pledges to boost investment by 10 bln USD in Indonesia
JAKARTA, (Xinhua) British energy giant British Petroleum (BP) has committed to raise investment in Indonesia by more than 10 billion U.S. dollar over the next 10 years, particularly in the massive Tangguh gas project in Papua and coal- bed methane in Kalimantan, a local media reported here on...
Tue, 31 May 2011
S Sumatra earns $491 Mln from on-oil/gas exports
Palembang, S Sumatra (ANTARA News) - South Sumatra`s non-oil/non-gas exports in January 2011 rose to US$491.324 million from US$449.200 million a month earlier on rising global commodity prices.The increase was inseparable from rising prices of the province`s key commodities including crude palm...
Tue, 31 May 2011
Chinese company to invest in plantations
Jakarta (ANTARA News) - A Chinese company, PT Guandong Agribusiness, will invest in plantations in transmigration areas in Indonesia to create jobs for up to 28,000 workers.Indonesian manpower and transmigration minister Muhaimin Iskandar witnessed the signing of a memorandum of understanding for...
Tue, 31 May 2011
E Kalimantan builds three industrial estates
Samarinda, East Kalimantan (ANTARA News)- To build a highly competitive regional economy to raise the welfare of the local population, the East Kalimantan provincial administration is developing three industrial groups prioritizing agricultural and industrial development, and exports.
Fri, 27 May 2011
Province-Owned Company to Export Seaweed to China
TEMPO Interactive, Makassar:The South Sulawesi Provincial Enterprise (Perusda) will establish a new working unit focused on collecting seaweed production for export. The first export will be launched in June, consisting of 100 tons of seaweed to China.“China needs an unlimited amount of seaweed.
Fri, 27 May 2011
ASEAN Officials Discuss Development of Tuna Industry
TEMPO Interactive, Jakarta:For the first time, a number of ASEAN countries will decide on strategic steps to develop the tuna industry. “We will formulate a program covering important aspects of fishery in the international market,” said Victor Nikijuluw , Director General of Fishery Processing...
Fri, 27 May 2011
Obama to attend East Asia Summit in Bali
Denpasar, Bali (ANTARA News) - US President Barack Obama is set to take part in the East Asia Summit Plus 2011 scheduled for November in the resort island of Bali, Governor Made Mangku Pastika said."US President Obama has pledged to attend the meeting of East Asian leaders to be held in...
Fri, 27 May 2011
BKPM: Investment in Indonesia rising
Yogyakarta (ANTARA News) - Investment in Indonesia nationally increased significantly in 2010 compared to the previous year, the Director of Application Service of the Investment Coordinating Board (BKPM), Suhardi, said.
Thu, 26 May 2011
Chinese investors eye infrastructure, energy projects in RI: Govt
By Rangga D. FadhilahUp to 300 Chinese investors have expressed a strong interest in infrastructure and environmentally friendly energy projects in Indonesia, projects that are hoped to accelerate Indonesia's economic growth, the government says.
Thu, 26 May 2011
Korea Aerospace Signs Deal to Sell Trainer Jets to Indonesia
From: The Jakarta GlobeBy Bomi Lim Korea Aerospace Industries Ltd., Korea’s largest plane maker, signed a $400 million deal to sell 16 T-50 trainer jets to Indonesia, marking South Korea’s first export of the aircraft.
Thu, 26 May 2011
US Interested in Brebes Potatoes
TEMPO Interactive, Brebes: Brebes-produced potatoes are consumed in the US and are exported by a Singaporean broker. “This is because there is a trust factor that Indonesian products contain pesticides,” Sodikin, the Brebes Agriculture, Forestry and Plantation Office head in charge of...
Thu, 26 May 2011
7-Eleven Prepares Rp150 Billion for New Outlets
TEMPO Interactive, Jakarta:PT Modern International, which holds the license for 7-Eleven convenience stores, has allocated Rp150 billion to increase the number of 7-Eleven outlets. “The fund will be used to open new outlets and infrastructure development as well as human resources development,”...
Thu, 26 May 2011
S Korea to export T-50 supersonic jets to Indonesia
SEOUL,(Xinhua) -- South Korea has struck a multi- million-dollar deal to export T-50 supersonic trainer jets to Indonesia, state-run aircraft company Korea Aerospace Industries (KAI) said Thursday.The deal to sell 16 supersonic jets worth 400 million U.S.
Thu, 26 May 2011
VP launches workforce exhibition
Jakarta (ANTARA News) - Vice President Boediono launched an international workforce exhibition on marine and fishery sector at his office here on Thursday."In the name of God, I dedicate the launch of international workforce exhibition on marine and fishery sector, and I hope it will be an...
Thu, 26 May 2011
Chinese investors interested in infrastructure projects
Jakarta (ANTARA News) - Chinese investors are so enthusiastic to buildig a number of infrastrucure projects including bridges, toll roads, rainroad trains, ports and airports, and environmentally friendly energy pojects in Indonesia, Indonesian ambassador to China Imron Cotan said.
Wed, 25 May 2011
Samsung Signs Contract to Build Cepu Oil Facilities
By Ririn Radiawati Kusuma |The Indonesian unit of ExxonMobil Corp. has awarded contracts worth more than $780 million to South Korean giant Samsung and its Indonesian partner, Tripatra Engineering, to build facilities at Cepu block, the energy regulator said on Tuesday.
Wed, 25 May 2011
N Korea to Learn from Indonesia on Investment
VIVAnews - North Korea plans to learn more about investment from Indonesia. "The country has been restricted from foreign investors. North Korea is curious about the required processes and phases of investment," said Indonesian Foreign Affairs Minister Marty Natalegawa on Wednesday.
Wed, 25 May 2011
Niko Resources says Statoil to become Indonesia JV partner
(Reuters) - Canadian oil and gas company Niko Resources Ltd said Norway's Statoil through its units will become a joint venture partner in Niko's production sharing contracts in Indonesia.Oil and gas company Statoil will earn a 40 percent working interest in each production sharing contract.
Wed, 25 May 2011
RI investment up 27 pct in first quarter this year
RI investment up 27 pct in first quarter this yearSurabaya (ANTARA News) - Investment in Indonesia has increased 27 pct in the first quarter of 2011 compared to last year`s."The increase was triggered by the big interest of local and foreign investors in Indonesia," head of the Capital...
Wed, 25 May 2011
Another expo of Chinese products in Jakarta
A lot of that Chinese stuff is total crap but they're coming up with some cracking stuff as well.I may have a wander if time permits.
Tue, 24 May 2011
Statoil to aquire stakes in Indonesian oil licenses
OSLO May 24 (Reuters) - Norwegian oil and gas firm Statoil (STL.OL) said on Tuesday it would aquire stakes in three offshore exploration licenses in Indonesia.The firm said it would acquire a 40 percent equity interest in a North Makassar Strait Production Sharing Contract (PSC) and "a similar...
Tue, 24 May 2011
South Sulawesi Ready to Export Meat by 2014
TEMPO Interactive, Makassar:Murtala Ali, South Sulawesi Animal Husbandry Office chief, said that South Sulawesi will be ready to export beef by 2014. He said the province focused on producing beef for the national market and to achieve food self-sufficiency.
Tue, 24 May 2011
Another expo of Chinese products in Jakarta
Jakarta (ANTARA News) - The Chinese government will hold another technology and products expo called "The 10th China Technical Equipment and Commodities Exhibition" in at the Jakarta International Expo in Kemayoran, from May 25 to 28, 2011.
Mon, 23 May 2011
Indonesia Open to be tourism window of nation: officials
The Indonesia Open golf tournament will be tourism window of the nation as it will be covered by several big media, officials said here on Monday.Sudrajat, secretary general of the Indonesian Golf Association, told a press conference that the tournament will be one of the biggest attraction to...
Mon, 23 May 2011
P&G plans to invest $100 million in Indonesia oleochemicals
JAKARTA (Reuters) - Procter & Gamble Co (P&G) (PG.N) will invest $100 million in the oleochemical sector in Indonesia, the country's industry minister MS Hidayat said on Monday."P&G is anticipating the need for 200,000 tonnes of fatty alcohol in the coming ten years from...
Mon, 23 May 2011
Indonesia Yet Confirm to M4 Manufacturing
TEMPO Interactive, Jakarta:Defense Minister Purnomo Yusgiantoro said the Malaysian defense industry’s offer to cooperate would be adjusted to local demand.The ASEAN defense ministers’ meeting last week agreed upon defense industry cooperation between ASEAN countries.
Mon, 23 May 2011
Oil field auctions receive poor response: Official
From: The Jakarta PostBy Rangga D. FadillahA lack of reliable data on potential reserves is a major reason why Indonesia’s oil and gas blocks are not appealing to investors, a senior official says.The director general of oil and gas at the Energy and Mineral Resources Ministry, Evita Herawati...
Mon, 23 May 2011
Palm Oil Industry Demands More Govt Aid as Prices Rise
Palm Oil Industry Demands More Govt Aid as Prices RiseFrom: The Jakarta GlobeMedan. Although it continues to fluctuate, the average price of palm oil this year will remain higher than last year as it moves toward $900 per metric ton, an industry association says.
Mon, 23 May 2011
RI exploring possibility of expanding European market through Serbia
Jakarta (ANTARA News) - Indonesia is exploring the possibility of expanding its export markets in European countries through Serbia, a country located on the crossroads between Central and Southeast Europe.
Sat, 21 May 2011
Bali Loses its Farmers
Bali has lost 30,000 of its farmers in a single year as their fabled emerald terraced rice fields, are being plowed under to make way for villas, hotels and restaurants, according to a survey by the Bali branch of Indonesia's Central Statistics Agency.
Fri, 20 May 2011
Asia Pacific Commercial Investment Activity Upticks as Region's Economy Grows
We escaped to Jakarta at David Dixon's fall/winter LG Fashion Week show – Toronto Life (blog) Property WireAsia Pacific Commercial Investment Activity Upticks as Region's Economy Grows …World Property ChannelNet effective rentals increased the most in Jakarta (+9.
Fri, 20 May 2011
Crude, Palm Oil Recoveries Boost JCI As Investors Hunt for Emerging Assets
From: The Jakarta GlobeThe continued recovery in commodity prices from last week’s reversals helped the Jakarta Composite Index to a second day of gains, boosted by investors seeking assets in emerging markets.
Fri, 20 May 2011
New Investors Could Return Mandala to Indonesia’s Skies
From: The Jakarta GlobeBy Francezka NangoyAfter a five-month search for new investors, Mandala Airlines’ prospects for the future soared as two companies announced they planned to buy stakes in the struggling airline.
Thu, 19 May 2011
Indonesia – South Korea Produce New Fighting Jets
Free F16s now this.lucky Indonesia
Thu, 19 May 2011
Govt told to limit coal, gas exports
By Rangga D. Fadillah, The Jakarta Post, Jakarta Amid soaring global oil prices, the government should limit exports of coal and natural gas to allow domestic energy consumers to substitute their oil demand with cheaper energy resources, an expert says.
Thu, 19 May 2011
Low Wages Not the Way to Attract Foreign Investment: Boediono
Low Wages Not the Way to Attract Foreign Investment: BoedionoFrom: The Jakarta GlobeBy Arientha Primanita Indonesian Vice President Boediono on Thursday said it was not necessary to push down wages to attract foreign investment.
Thu, 19 May 2011
S Korea Eyeing Indonesia Bridge Project
VIVAnews - South Korea voiced its interest to participate in the development of the Sunda Strait Bridge in Indonesia. "[The South Korean] president sent his Minister of Economy to discuss about the project," said Coordinating Minister for the Economy, Hatta Rajasa, on Thursday.
Thu, 19 May 2011
Indonesia – South Korea Produce New Fighting Jets
TEMPO Interactive, Jakarta:Indonesia and South Korea are producing five 4.5 generation multi-mission fighting jet prototypes, KF-X/IF-X. One of the five prototypes will be given to Indonesia. “The other four are for South Korea,” said Brig. Gen.
Thu, 19 May 2011
Reliance Invests US$ 10 Billion
TEMPO Interactive, Jakarta:Indian company the Reliance Group, plans to invest Rp10 billion in three sectors. Investment Coordination Board (BKPM) chief Gita Irawan Wirjawan said Reliance was interested in the mining, infrastructure and power plant.
Thu, 19 May 2011
South Korea eyeing RI infrastructure projects
Jakarta (ANTARA News) - South Korea has an interest to participate in infrastructure development in Indonesia, including the construction of Sunda Strait bridge."South Korea is interested in a number of infrastructure projects in Indonesia, including Sunda Strait bridge development,"...
Thu, 19 May 2011
VP concerned about oil production decline
Jakarta (ANTARA News) - Vice President Boediono expressed concern here on Wednesday over the decline in the country`s oil production and has asked BP Migas to pay serious attention to it.He said the oil sector had shown its good performance because oil production in Indonesia is declining.
Wed, 18 May 2011
Preference for Indonesian Coal Hurts South African Port
The price of coal shipped from South Africa’s Richards Bay Coal Terminal, the continent’s largest export facility for the fuel, fell to the lowest in six weeks as buyers opted for Indonesian supplies.Prices fell 2.4 percent last week to an average $120.
Wed, 18 May 2011
South Korea to Build Pipe Plant in Makassar in June
TEMPO Interactive, Makassar:South Korea’s PEM Korea Co Ltd will build the first HDPE Polyclin pipe manufacturing plant in eastern Indonesia. The US$ 5-10 million plant will be located on a 5,000-square meter area in the Makassar Industrial Zone (Kima).
Wed, 18 May 2011
Germany to Help Develop Agro-Industry in Sulawesi
TEMPO Interactive, Makassar:German Ambassador Norbert Bass says he will work to develop the agro-industry in South Sulawesi. A modernization team will be formed to provide consultation on equipment, experts and trade.