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Mon, 06 Oct 2008
Industry minister: govt to revise industrial growth target
Jakarta, (ANTARA News) - Indonesian industry minister Fahmi Idris said here on Sunday the government would revise its industrial growth target in 2009 which has been set at five percent because of the financial crisis in the US.
Mon, 06 Oct 2008
Trade minister calls for reducing consumer good imports
Jakarta, (ANTARA News) - Trade Minister Mari Pangestu called for reducing import of consumer goods here on Sunday to equalize the Indonesian balance of trade following predictions on the country`s export performance next year as a result of the world`s flagging economy.
Mon, 06 Oct 2008
Kadin hopes govt intensifies domestic purchasing power policy implementation
Jakarta, (ANTARA News)- The Indonesian chamber of commerce and industry (KADIN) has expressed hope that the government should step up its domestic purchasing power policy to anticipate the impact of the US financial crisis on Indonesia`s manufacturing sector.
Fri, 03 Oct 2008
RI economy can absorb impact of possible bailout failure, global fears
Pedantic Twunt
Fri, 03 Oct 2008
RI economy can absorb impact of possible bailout failure, global fears
Originally Posted By: Tut TutQuite sad that all the revenue from commodity exports goes into a giant black Indonesian singaporean hole.
Fri, 03 Oct 2008
RI economy can absorb impact of possible bailout failure, global fears
Aditya Suharmoko, The Jakarta Post, Jakarta The government says the possible failure of the U.S. bailout bill may not pose a threat to Indonesia’s economic fundamentals, despite global fears that the United States, the world’s largest economy, may plunge into grave recession.
Tue, 30 Sep 2008
BPMigas empowers local oil and gas supporting industry
Quote:"In the future, we will be more aggressive in disseminating information. We will actively announce any approved projects and this information can be viewed openly by everybody," Gerhard said in a seminar about the role of supporting industries in the oil and gas sector.
Mon, 29 Sep 2008
Taxpayers: Register or Regret it Later
New Tax Laws will Impose Tax Penalties of Up to 100% on Those Who Fail to Have an Official Tax Registration Number (NPWP).(9/29/2008) The National News Agency Antara warns that the government is preparing in 2009 to impose tax penalties ranging from 20% to 100% on individuals and corporations found...
Mon, 29 Sep 2008
Indonesia eyes hospital profits
The Indonesian government plans to build five “world class” hospitals catering for rich citizens who spend hundreds of millions of dollars every year on treatment overseas.Officials say profits from the new facilities will be used to improve healthcare for the tens of millions of...
Mon, 29 Sep 2008
Stonehenge abandons Indonesian nickel plans
29th September 2008, 13:45 WSTTin and nickel company Stonehenge Metals has abandoned plans to acquire an 85 per cent stake in an Indonesian nickel project, deciding competing claims to the project represented an unacceptable risk to shareholders.
Mon, 29 Sep 2008
Indonesia accuses ExxonMobil of smuggling expatriates
Monday 29th September, 2008 (IANS)Jakarta, Sep 29 (Xinhua) Indonesia's manpower and transmigration ministry has accused American energy giant ExxonMobil of illegally employing expatriates through its subsidiary Mobile Cepu Ltd (MCL) at its oil and gas fields in East Java province, media reports...
Mon, 29 Sep 2008
Government mandates gradual phase-in of biofuel for industries
Alfian , The Jakarta Post , Jakarta | Sat, 09/27/2008 12:01 PM | BusinessThe government has issued a regulation mandating the use of biofuel by manufacturers, commercial business, fuel retailers and power plant operators.
Mon, 29 Sep 2008
BPMigas empowers local oil and gas supporting industry
BPMigas, the country's upstream oil and gas regulator, says it is working on ways to boost the role of local supporting companies -- both in the form of service and non-service orders -- in oil and gas projects.
Mon, 29 Sep 2008
Governor may revoke Inco's license
Publicly listed PT Inco, a local unit of Canada-based mining giant Vale Inco is likely to have a hard time ahead as South East Sulawesi governor Nur Alam has threatened to annul the company's operating license, following a series of alleged violations.
Mon, 29 Sep 2008
N Sumatra coffee exports reach Us$128.32 million
Jakarta (ANTARA News) - North Sumatra earned US$ 128.32 million by exporting 38,233 tons of coffee seeds and instant coffee until August 2008, an official said here Friday."Arabica coffee still contributed the most or f US$ 116.
Mon, 29 Sep 2008
VP to help accelerate construction of Lombok Int`l airport
Mataram, West Nusa Tenggara (NTB) Province (ANTARA News) - Vice President Jusuf Kalla has said that he would help accelerate the construction of Lombok International Airport (BIL) to be located at Tanak Awu, Pujut sub district, Central Lombok district.
Fri, 26 Sep 2008
President to consider giving `special treatment` to Southeast Sulawesi
Kendari, Southeast Sulawesi, (ANTARA News) - President Susilo Bambang Yudhoyono has asked Southeast Sulawesi Governor Nur Alam to come to Jakarta in October or November 2008 to discuss the `special treatment` needed by the province to boost its economic growth.
Tue, 23 Sep 2008
Charoen sees '08 net profit at $47.6M
Agro and aqua-culture firm PT Charoen Pokphand Indonesia expects its net profit to more than double to Rp450 billion ($47.6 million) this year on higher sales and prices of animal feed and poultry, the company said on Tuesday, Reuters reported.
Tue, 23 Sep 2008
Microsoft Indonesia chalks up 30% rise in income
Microsoft Indonesia posted a 30% in income in its book year ending June 2008 compared with the previous book year, Asia Pulse reported.The income growth in Indonesia was higher than the growth Microsoft recorded in its global operations in the same period, Tony Chen, the company's director, said...
Tue, 23 Sep 2008
Number of foreign projects in Batam up 18%
The number of foreign projects in Batam approved by the Investment Coordinating Board (BKPM) from January to August this year rose 18% to 54 from 34 in the same period last year, Asia Pulse reported.The 54 projects are worth $65.
Tue, 23 Sep 2008
Indonesia's anti-corruption heroes
JAKARTA - Indonesia's anti-corruption drive has seen unprecedented numbers of politicians and high-ranking government officials convicted in recent months. The resurgent Corruption Eradication Commission (KPK) has transfixed the nation's public as it aggressively pursues powerful political figures,...
Tue, 23 Sep 2008
Beef import to soar on higher demand as local supply falters
The Jakarta Post , Jakarta | Mon, 09/22/2008 12:41 PM | BusinessIf meat demand can be used to gauge a country's level of prosperity, Indonesia might just be among those labeled "prosperous".With local supply unable to keep up with increasing demand, meat imports are expected to jump by at...
Mon, 22 Sep 2008
Jambi to build industrial zone to lure investors
Jambi, (ANTARA News) -The Jambi municipal administration will turn hundreds of hectares of land into industrialized areas to lure investment to boost local economic growth, an official said."Jambi has a potential to grow into a center of downsteram agricultural and plantation industry of nine...
Sat, 20 Sep 2008
‘Paralysis’ is price to end Jakarta graft
Indonesians will have to accept up to 15 years of policy “paralysis” if they want to defeat what is widely regarded as the country’s endemic public sector corruption, the country’s senior graft investigator has stated.
Sat, 20 Sep 2008
MA decision on Temasek to compromise RI: NGO
Jakarta (ANRARA News) - The Supreme Court`s decision to reject Singapore`s investment firm Temasek Holdings Pte Ltd`s legal review suit will compromise Indonesia`s position in world business, an NGO spokesman said.
Fri, 19 Sep 2008
Global liquidity crisis having small impact on Indonesia
Jakarta (ANTARA News) - Vice President Jusuf Kalla said Friday the current global liquidity crisis has only led to a 0.1 percent drop in Indonesia`s gross domestic product (GDP)."Indonesia is one of the Asian countries recording the lowest declines in GDP," he told the press after Friday...
Fri, 19 Sep 2008
RI`s exports to U.S expected to fall 20%
Jakarta (ANTARA News) - The Indonesian Chamber of Commerce and Industry (Kadin) has predicted Indonesia`s exports to the United States in the fourth quarter of 2008 may fall up to 20 percent from the previous quarter as a result of financial crisis."Exports to the US may fall 20 percent.
Fri, 19 Sep 2008
Manufacturing sector slowing down
The country's manufacturing sector grew by an estimated 3.85 percent to 4 percent in the third quarter of this year.The figure in the July-September period was lower than the 4.43 percent growth recorded in the second quarter.
Fri, 19 Sep 2008
Minister lobbies EU over palm oil restrictions
Indonesia, the world's largest palm oil producer, has sent Agriculture Minister Anton Apriyantono to lobby the European Union (EU), over concerns the group were planning a policy that would limit imports of the commodity.
Fri, 19 Sep 2008
Kadin demands protection amid flourishing trade deals
The Indonesian Chambers of Commerce and Industry (Kadin) says Indonesia needs clear-cut strategies to protect local products amid a mushrooming number of bilateral and regional free trade agreements.Such protection could be in the form of incentives or policies that favor local businesses, Kadin's...
Fri, 19 Sep 2008
New Country Partnership Strategy Supports Indonesia’s Development Priorities
The World Bank aims to partner with Indonesia in strengthening its institutions to translate valuable resources into better development outcomesPress Release No:2009/076/ EAPWashington DC, September 11, 2008 – The World Bank’s Board of Executive Directors today endorsed a new Country...
Fri, 19 Sep 2008
Govt urged to empower local retail traders
Jakarta (ANTARA News) - The Indonesian Chamber of Commerce and Industry (Kadin) has urged the government to strengthen local retail traders so that they would not be run over by foreign interests operating modern marketplaces.
Thu, 18 Sep 2008
PLN, PGN, Pertamina to build gas receiving terminal
Yes isn't it great that twenty of the most recently posted articles on any given day are along these lines? I wouldn't know what to chat about in the warung without these current affairs snippets.
Thu, 18 Sep 2008
Asian Agri to start operation of new bio-diesel plant
The Asian Agri Group said it will commission a new bio-diesel factory with a capacity of 400,000 tons a year next week, Asia Pulse reported.The Rp350 billion ($37 million) factory built in Dumai, Riau, will use crude palm oil (CPO) as the feedstock, company director Semion Tarigan said.
Thu, 18 Sep 2008
VAT on imported textile machinery abolished
The finance ministry has officially abolished the value added tax (VAT) on textile machine imports as part of the country's restructuring program in the textile industry, Asia Pulse reported.The abolition of the VAT was in reply to a request by the Indonesian textile association (API) late last...
Thu, 18 Sep 2008
Govt. to reduce port overloads
In addition to accelerating its inspection process, the government is looking to reduce overloading and delays at Jakarta’s Tanjung Priok port by penalizing traders who fail to remove goods that clear customs, The Jakarta Post reported.
Thu, 18 Sep 2008
Quantum to build bio-ethanol plant in Sumba
The regional administration of Sumba Barat Daya and Quantum Petroleum signed an agreement to invest $350 million in bio-ethanol industry in the regency, Asia Pulse reported.The subsidiary of Australia's Quantum Group said it has completed studies of the area where it will grow cassava to supply...
Thu, 18 Sep 2008
Govt. disputes investment climate ranking
The government has questioned a new report from the World Bank's investment arm, the International Finance Corporation (IFC), which says Indonesia has slipped two notches down its list for 2009 to 129 of 181 countries surveyed.
Thu, 18 Sep 2008
Investment up more than 10%: Minister
Investment in Indonesia should grow more than 10% this year despite global financial turmoil, Trade Minister Mari Pangestu said Wednesday, Agence France-Presse reported."We are still optimistic that investment in Indonesia will grow more than 10% even though the condition of global markets is...
Thu, 18 Sep 2008
August consumer confidence improves
Consumer confidence improved in August as the impact of fuel price rises subsided, but consumers were still largely pessimistic, expecting costs to increase in the near term, two surveys showed, Reuters reported.
Thu, 18 Sep 2008
Tougher tax stance pays off
Indonesian tax revenue in August, excluding the oil and gas sector, jumped 40.5% from a year ago, as tougher action by the authorities led to improved compliance, Director General for Tax Darmin Nasution said, Reuters reported.
Thu, 18 Sep 2008
Indonesia Trying to Get European Union to Accept Biodiesel
Wednesday, 17 September, 2008 | 13:35 WIBTEMPO Interactive, Jakarta: Together with Malaysia, Indonesia is trying to get the European Union to accept Indonesian palm oil as biodiesel.“We are still trying,” said Agricultural Minister Anton Apriantono.
Thu, 18 Sep 2008
Hundreds of millions of cash smuggled to Singapore daily
Cash worth hundreds of millions of rupiah is being smuggled to Singapor daily, the Indonesian Navy said during a raid in Batam on Wednesday.Based on the confession of the two perpetratos detained Wednesday, Batam naval base commander Col.
Thu, 18 Sep 2008
RI eyes benefits from India pact
Mustaqim Adamrah, The Jakarta Post, Jakarta Indonesia may see robust growth in exports to India following the conclusion of negotiations on a free trade agreement between India and members of ASEAN.The new pact, scheduled for signing in December, should benefit Indonesia as India has promised to...
Thu, 18 Sep 2008
Security hampers meetings business
Desy Nurhayati, The Jakarta Post, Depok, West JavaIndonesia has the potential to emerge as one of the world's leading destinations for meetings, incentive events, conventions and exhibitions (MICE), but must address lingering problems of security and accessibility to do so, a discussion heard.
Thu, 18 Sep 2008
Economic growth: The rise of the Indonesian middle class
Cyrillus Harinowo, Jakarta The Grand Indonesia Shopping Town is likely to be the latest addition to the string of Indonesian shopping malls. But this is not just an ordinary addition. The Grand Indonesia is currently the largest and most luxurious shopping mall in the country, if not in Southeast...
Thu, 18 Sep 2008
Our poor business climate
Mon, 09/15/2008 10:14 AM | OpinionEven though the government might have some legitimate questions to raise about the accuracy of the latest business climate survey of the International Finance Corporation, the blunt fact remains: our business climate is really poor and worse than that of most ASEAN...
Thu, 18 Sep 2008
PLN, PGN, Pertamina to build gas receiving terminal
Alfian, The Jakarta Post, Jakarta State power utility company PT Perusahaan Listrik Negara (PLN) plans to build a gas-receiving terminal worth US$500 million in a bid to secure gas fuel for its power plants.
Thu, 18 Sep 2008
PLN, PGN, Pertamina to build gas receiving terminal Alfian , The Jakarta Post , Jakarta | Wed, 09/17/2008 10:30
Alfian, The Jakarta Post, Jakarta State power utility company PT Perusahaan Listrik Negara (PLN) plans to build a gas-receiving terminal worth US$500 million in a bid to secure gas fuel for its power plants.