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Tue, 21 Sep 2010
Investors most Interested in Food and Transportation Industries
TEMPO Interactive, Jakarta:Most investments in Indonesia are in transportation, service, food and beverages, machine industry and chemical industries.The Investment Coordinating Board records an investment of Rp6.164 trillion in the second quarter.This is the highest compared to other sectors.
Sun, 19 Sep 2010
Caterpillar wants to build US$500 mln plant in Indonesia
Jakarta (ANTARA News/Asia Pulse) - US heavy equipment maker Caterpillar Inc. wants to build a heavy equipment factory in Java with an investment of up to US$500 million, an Indonesian official said.It would be the first heavy equipment manufacturer in the country, Gita Wirjawan, head of the Capital...
Sun, 19 Sep 2010
BI: rupiah`s exchange rate still competitive
Jakarta (ANTARA News) - Bank Indonesia (BI) Governor Darmin Nasution said here on Friday that the present rupiah exchange rate was still competitive for the national economy compared to those of the currencies of neighbouring countries.
Wed, 08 Sep 2010
Indonesia plans to form state animal husbandry company
JAKARTA, Sept. 7 (Xinhua) -- Indonesian government plans to form a state-owned animal husbandry company to help achieve beef self-sufficient, detikcom online news quoted a minister as saying on Tuesday."A state-owned animal husbandry company is very important in the future.
Wed, 08 Sep 2010
CPO Export Should Not Be Hampered: Govt
VIVAnews - The Indonesian government is alleged of issuing permit to oil palm companies having no concerns over the environment.Coordinating Minister for the Economy Hatta Rajasa insisted that the government has never granted any permit to companies which destroy the economy.
Wed, 08 Sep 2010
India’s Story Offers Indonesia Lessons on Infrastructure
Indonesia’s efforts to modernize its infrastructure have lagged India’s slow-but-steady improvements, though Jakarta’s progress could be fast-tracked in the eyes of foreign investors with passage of a politically complicated land-acquisition bill.
Wed, 08 Sep 2010
Indonesian Government Plans New Tax Incentives to Lure Investors
Jakarta. The government plans to expand a tax incentives program for foreign investors to include additional downstream and “pioneering” sectors, as well as offer sweeteners for companies that invest more than $1 billion and create a certain number of jobs, the country’s investment chief said...
Wed, 08 Sep 2010
Tata Consortium Wins Geothermal Bid in Indonesia
A consortium comprising Tata Power, Origin Energy and Supraco Indonesia has won the bid for the Sorik Marapi geothermal project in Northern Sumatra, Indonesia.The Sorik Marapi project will include the development of about 240MW of geothermal generation capacity.
Tue, 07 Sep 2010
Govt urged to focus on infrastructure development
Jakarta (ANTARA News) - The government should focus on infrastructure development to improve domestic industrial competitiveness, Indonesian Chamber of Commerce and Industry (Kadin) cairman Adi Putra Tahir has said.
Fri, 03 Sep 2010
RIM faces battle over content in Indonesia
Indonesia’s technology minister has taken his battle against pornography to the maker of BlackBerry smart phones, ordering the Canadian company to block digital content in one of its key Asian markets.
Fri, 03 Sep 2010
Indonesia Offers Infrastructure Project to French Firms
TEMPO Interactive, Jakarta: French government have expressed interest to invest in one of indonesia’s infrastucture projects promoted by the Indonesian government under the tagline “public private partnership” program that include transport, power, and clean water projects.
Thu, 02 Sep 2010
General Motors May Reopen Indonesia Plant, Asia Chief Lee Says
Sept. 2 (Bloomberg) -- General Motors Co., the largest U.S. automaker may spend $150 million to restart a plant in Indonesia that has been closed for about five years, said Tim Lee, the company’s president for international operations.
Thu, 02 Sep 2010
Is Bali overexploited?
The answer to the above question is a resounding yes. Yes, Bali is definitely, and badly, overexploited. One has only to glance at the data below to be convinced that this is the current state of affairs there:Bali last year had 5.
Thu, 02 Sep 2010
Spend-Mad Indonesians Don’t Save Enough, Survey Says
Jakarta. Indonesian consumers, who are fueling the country’s powerful economy, are spending too much and not saving enough, according to a Citibank survey released on Wednesday.Citibank concluded that workers were not saving enough of their salaries to provide for themselves if they lost their...
Thu, 02 Sep 2010
Indonesia to Build Largest Nitrate Factory
VIVAnews - Indonesia next year will build a factory of Ammonium Nitrate Prill Plant having the largest capacity in the globe.Ammonium Nitrate Prill Plant Project Manager, Gito Waluyo, said the factory development has completed by 50 percent.
Thu, 02 Sep 2010
Electricity Rate to Rise Four Years in A Row
VIVAnews - The Indonesian government will be increasing the electricity tariff within the next four years as an attempt to reduce the amount of subsidy being disbursed to the electricity sector.Finance Minister Agus Martowardojo said the rise will also be applied to fertilizer and fuel.
Thu, 02 Sep 2010
Number of Internet users in Indonesia increases rapidly
JAKARTA, Sept. 1 (Xinhua) -- The increase of Internet users in Indonesia triggers growth of technology companies as the users need Asymmetric Digital Subscriber Line (ADSL), 3G, computers and wireless equipments to access Internet, an official told Xinhua in exclusive interview on Wednesday.
Thu, 02 Sep 2010
RI's imports up 7.32 pct in July
Jakarta (ANTARA News) - Indonesia`s imports in July reached US$12.62 billion, up 7.32 percent from a month earlier, helped chiefly by a rise in non-oil/non-gas imports, the Central Statistics Agency (BPS) said.Non-oil/non-gas imports rose 12.2 percent to US$10.
Thu, 02 Sep 2010
China largest supplier of non-oil imported products
Jakarta (ANTARA News) - China was the largest supplier of non-oil/gas imported products to Indonesia in July, the Central Bureau of Statistics (BPS) said."The biggest non-oil/gas imports are from China worth US$1.92 billion or 18.
Tue, 31 Aug 2010
South Korean Tire Firm Eyes $1.2 Billion Indonesia Plant: Report
Jakarta. South Korea’s biggest tire producer Hankook Tire plans to invest 1.2 billion dollars to build a manufacturing plant in Indonesia, a report said Thursday.The Seoul-based company aims to start construction at the end of the year and produce 15 million tyres annually, Indonesia Investment...
Tue, 31 Aug 2010
Retailers Looking Forward to Bumper Holiday Spending
Jakarta. With a little help from seasonal spending around the Idul Fitri holiday, nationwide retail sales were expected to surge by about 18 percent this year, the Association of Indonesian Retailers said on Monday.
Tue, 31 Aug 2010
Govt speeds up building Cikarang-Priok railroad track
Jakarta (ANTARA News) - The government is speeding up the construction of the railroad track between Tanjung Priok port and Cikarang Dry Port integrated customs area (KPPT) to smoothen the dispatch of goods, and raise productivity and industrial capacity.
Tue, 31 Aug 2010
RI, Turkey agree to form infrastructure fund
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono on Monday received a Turkish delegation who came to confirm their country`s commitment to form infrastructure fund with Indonesia.At the meeting with the delegation led by Turkish Ambassador to Indonesia Aydin Evirgen, the President...
Tue, 31 Aug 2010
Bali-China foreign trade suffers a deficit
Denpasar, Bali (ANTARA News) - Bali`s foreign trade of goods, handicrafts and non-oil and gas to China including Hong Kong in early 2010 was a deficit about 1 million US dollars.The head of Bank Indonesia Denpasar chapter Jeffrey Kairupan said in the Bali regional economic report on Monday that the...
Tue, 31 Aug 2010
Govt to invite investors to manage Jakarta's international airport
From VivaAir Asia Eyeing Halim AirportVIVAnews - The Ministry of State-owned Enterprises (SOEs) acknowledged that Malaysia-based airline Air Asia states its interest to patch up an airport in Indonesia. One of the targets is Halim Perdanakusumah Airport.
Tue, 31 Aug 2010
Govt to invite investors to manage Jakarta's international airport
Jakarta (ANTARA News) - The government is planning to invite a number of foreign investors to manage service facilities at Jakarta city`s Soekarno-Hatta airport, a minister said."We will invite interested investors to serve as partners to manage the airport," State Enterprises Minister...
Tue, 31 Aug 2010
CJ Cheiljedang to spend us$300 mln on lysine plant Indonesia
Seoul (ANTARA News/Yonhap/OANA) - CJ CheilJedang Corp., South Korea`s biggest food company, said Monday that it will spend US$300 million to build a lysine plant in the eastern part of the island of Java, Indonesia.Earlier in the day, CJ CheilJedang broke ground on the plant in Jombang.
Mon, 30 Aug 2010
With First Phase Nearly Done, Boost Expected From Port Rail
Jakarta. The first phase of construction on a much-needed railway connecting Tanjung Priok Port with the country’s largest manufacturing park could be completed within three months, the coordinating minister for the economy, Hatta Rajasa, said on Saturday.
Mon, 30 Aug 2010
RI`s electricity basic tariff rate highest in ASEAN
Jakarta (ANTARA News) - Electricity basic tariff rate (TDL) in Indonesia is the highest among ASEAN countries, Golkar Party chairman Aburizal Bakrie has said.Therefore he said Golkar strongly rejected the government`s plan to raise TDL in 2011.
Fri, 27 Aug 2010
Indonesia and Singapore: model of inter-dependence?
Indonesia is the sleeping giant of South East Asia. With a population of 288 million, a land mass the size of Mexico and territorial waters that could fill half of China, it’s an immense country and a regional power within the geopolitical organization known as ASEAN (the Association of South...
Fri, 27 Aug 2010
Draft Law to Promote Clean Energy Gathering Steam
This is a great move on behave of the energy minister, but a 5 percent tax cut over 6 years alone will not defeat the big dirty oil and coal industries. And if indonesia decides to exhaust all its remaining oil and coal, while shifting to cleaner renewables, there will still be disastrous impacts...
Fri, 27 Aug 2010
Factory Exports Near Pre-Crisis Levels: Govt
Jakarta. The value of major manufactured exports jumped dramatically in the first half of the year, and the full-year totals could equal those seen in 2008, before the global financial crisis sent the world economy into a tailspin, a senior government trade official said on Thursday.
Fri, 27 Aug 2010
RI's forex reserves rise sharply
Mataram, W Nusa Tenggara (ANTARA News) - Indonesia`s foreign exchange reserves rose significantly in recent months, suggesting that the domestic economy continued to expand at a robust pace, a central bank official said on Thursday.
Fri, 27 Aug 2010
RI's textile, textile product exports up 17.4 pct
Jakarta (ANTARA News) - Indonesia`s textile and textile product exports grew by 17.4 percent in the first semester of this year, Deputy Trade Minister Mahendra Siregar said here on Thursday.He said the country`s exports of textile and textile products reached US$4.95 billion in the period.
Thu, 26 Aug 2010
Adani to invest $1.6bn in Indonesia
Adani Group, the Indian conglomerate, has signed a preliminary agreement in Indonesia to build a railway line and coal terminal in remote southern Sumatra.The Indonesian Investment Co-ordination Board said on Wednesday that Adani would invest $1.
Thu, 26 Aug 2010
Indonesia Says Economy May Grow 6% as Demand, Investment Rise
Aug. 26 (Bloomberg) -- Indonesia’s economy may grow 6 percent this year and will probably accelerate in 2011, Trade Minister Mari Pangestu said.The pace of expansion in the third and fourth quarters should “continue to pick up” in part because disbursement from the government’s budget “is...
Thu, 26 Aug 2010
Malaysian Top Companies in Indonesia
VIVAnews - Indonesia and Malaysia are now amidst the escalating tension affecting the political relations of both countries. Malaysian Minister of Foreign Affairs is ready to issue a travel advisory for the citizens of Malaysia who are willing to visit Indonesia.
Thu, 26 Aug 2010
Indonesian health equipment market worth Rp22 trillion
Jakarta (ANTARA News) - Indonesia`s health equipment market is worth Rp22 trillion but it is still dominated by foreign products, according to the Association of Indonesian Health and Laboratory Equipment Traders.
Thu, 26 Aug 2010
ASEAN economic ministers to conduct joint investment promotions
Jakarta (ANTARA News) - ASEAN economic ministers have agreed to facilitate investment inflows to the region by conducting joint investment promotion campaigns, the Indonesian Trade Ministry said.At the 13th meeting of the ASEAN Investment Area (AIA) held in Da Nang, Vietnam, from August 24 to 27,...
Thu, 26 Aug 2010
Panasonic Plans Hub in Indonesia
Jakarta. In a meeting with President Susilo Bambang Yudhoyono in Jakarta on Wednesday, the head of Japanese consumer electronics giant Panasonic confirmed that it planned to move its production base to Indonesia, senior Indonesian government officials said.
Tue, 24 Aug 2010
Energy Department Launches Renewables Directorate
TEMPO Interactive, Jakarta: The Energy and Mineral Department has unveiled today a new directorate which will in charge on the new field of energy which had not received the size of emphasize before, the renewables.
Tue, 24 Aug 2010
Food, Cosmetics Producers Rocked by Trade Pact
Jakarta. Many domestic producers of food, beverages and cosmetics have been battered by the Asean-China Trade Agreement and are choosing to import products and sell them rather than produce them, the Indonesian Employers’ Association (Apindo) says.
Mon, 23 Aug 2010
Pertamina geothermal in need of rp18 trillion to build 1000 Mw
Jakarta (ANTARA News) - PT Pertamina Geothermal Energy (PGE), a subsidiary of state oil and gas company PT Pertamina, needed US$2 billion, the equivalent of Rp18 trillion, to build a geothermal power plant with an installed capacity of 1,000 megawatts.
Mon, 23 Aug 2010
Indonesia's Net boom goes mobile
Surge in handset connectivity brings cheer, fearJAKARTA: Mr Syarief Maulana, who works for a non-governmental organisation, is constantly in the loop - he uses his BlackBerry smartphone to check his email, news websites and his Facebook account multiple times each day.
Mon, 23 Aug 2010
Praise for Subsidy Cuts, Mixed With Concern Over Rising Costs
Jakarta. Since its release last week, analysts have lauded the 2011 state budget draft for cutting subsidies to make way for development spending, but some in the business community fear the cuts may be too much, too fast.Subsidies have been slashed 8.2 percent in the draft to Rp 184.
Mon, 23 Aug 2010
Huge opportunity from Japanese investment
In mid-July, the Japan Credit Rating Agency, Ltd. (JCR) raised Indonesia’s rating to investment grade, which reflects growing confidence in the management of Southeast Asia’s largest economy, which has proved resilient.
Sat, 21 Aug 2010
Gritty reality beneath the gloss
INDONESIA'S growth spurt over the past year has turned it into a success story of sorts for the region and the flavour of the month for foreign and local investors.Media reports across the world have praised the country's rise from the pits of authoritarian government, economic crisis and political...
Sat, 21 Aug 2010
Itochu to Build an Rp18 Trillion Railway Line
TEMPO Interactive, Jakarta:The Itochu Corporation, a Japanese investor, plans to invest around US$2 billion or equal to Rp18 trillion to build a railway line in Central Kalimantan.The construction is expected to facilitate commodity transport.
Sat, 21 Aug 2010
Bali`s exports to China, Hong Kong constantly increasing
Denpasar, Bali (ANTARA News) - Bali province`s handicraft and other non-oil/non-gas exports to China and Hong Kong have been increasing continuously reaching an average value of US$ 3.5 million per month or a total of US$ 17.1 million in the January-May period in 2010.
Sat, 21 Aug 2010
Indonesia, Australia to Sign FTA
VIVAnews - Indonesia will in no time sign a bilateral free trade agreement with several other countries such as Australia, New Zealand, India, and Chile. The joint study group to the countries has been prepared.