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Thu, 17 Mar 2011
Helping Business Do Business is Booming in Indonesia
As foreign investors continue to swarm Indonesia, local businesses assisting them in the process of setting up shop have also seen their businesses boom.Security and business intelligence firms, lawyers and management consultants are reaping the benefits as foreign firms go through them to seek out...
Thu, 17 Mar 2011
Govt Gets Serious about Infrastructure
TEMPO Interactive, Jakarta:The Indonesian Chamber of Commerce and Industry (Kadin) chairman, Suryo Bambang Sulisto, says the government’s decision to lower interest rates shows it is serious about developing infrastructure.
Thu, 17 Mar 2011
Supreme Energy Explores Geothermal
TEMPO Interactive, Jakarta:Supreme Energy has prepared US$ 200 million to explore three geothermal mining working areas (WKP).“I hope the contract can be signed in April or May,” said Supreme Energy CEO, Supramu Santosa, yesterday.
Thu, 17 Mar 2011
Cocoa Association Protests Tariffs
TEMPO Interactive, Jakarta:The Indonesian Cocoa Association chairman Zulhefi Sikumbang has called on the government to revise cocoa duties to Rp500 to support local farmers and exporters."Only major companies such as Cargill and Olam can compete with progressive tariff rates," said...
Thu, 17 Mar 2011
Brown Sugar Exports to Japan Lost
TEMPO Interactive, Kediri:Brown sugar businessmen in Kediri, East Java, have lost their orders from Japanese importers following the tsunami last Friday. It is unknown when the situation return to normal.
Mon, 14 Mar 2011
VP: Govt improving transparency of investment regulations
Boediono said among the step already taken by the government was revising negative list of investment by increasing transparency and more importantly, improving competitive edge and services. Perth, Australia (ANTARA News) - Visiting Vice President Boediono said the Indonesian government is...
Mon, 14 Mar 2011
RI`s exports to Japan may be disrupted
Antara, Jakarta A 8.9-magnitude earthquake that rocked Japan and unleashed a 10-meter high tsunami may have the potential of affecting Indonesia`s exports to Japan, an official said."So exporters, importers and business world alike should be patient or switch to new markets other than...
Mon, 14 Mar 2011
RI exports, imports may be affected by Japan disaster
By Esther Samboh,Jakarta Indonesia’s exports and imports with Japan may be impeded by the recent massive earthquake and tsunami that resulted in damaged infrastructure in mainly coastal parts of the archipelago.
Mon, 14 Mar 2011
State Firm Moves to Boost Bali’s Electricity
By Muhamad Al Azhari State construction company Wijaya Karya has completed a Rp 500 billion ($57 million) diesel-fired power plant in Denpasar, Bali, with a total capacity of 50 megawatts.The state firm, known as Wika, plans to sell its electricity to Indonesia Power, a unit of state utility...
Mon, 14 Mar 2011
Keeping Better Company in Bali
Governor Pastika Wants Future Investors to Be Carefully Screened with Priority Given to Local Investors with a Demonstrated Commitment to Bali.Bali's governor Made Mangku Pastika has declared that Bali must become more selective in receiving investors in the future, accepting only those who...
Mon, 14 Mar 2011
The Need for Good Paperwork in Bali
Gianyar Bali Officials Post Closure Notice at Entrance to Ubud Hanging Garden Resort and Spa.The Bali Post reports that the regional government of Gianyar and local enforcement officials have affixed a closure notice (segel) at the entrance to the Hanging Garden Luxury Resort & Spa located in...
Mon, 14 Mar 2011
Businessmen, Officials Fret Over Japanese Investment
While economists said in preliminary assessments that damage from Japan’s earthquake and tsunami would have a limited impact on world markets, some Indonesians were not so sure.Businesspeople and government officials sounded a note of concern about a potential disruption to trade and investment...
Mon, 14 Mar 2011
Indonesian Firms Snap Up Indian Corn as Rising Food Costs Cause Jitters
From: The Jakarta GlobeSingapore. Indonesian feed millers are snapping up corn cargoes from India, striking the biggest import deals with New Delhi in at least two years as Jakarta rushes to secure food supplies amid shrinking global grain stocks.
Mon, 14 Mar 2011
BI Eyeing 42% Jump in Foreign Investment
BI Eyeing 42% Jump in Foreign InvestmentFrom: The Jakarta GlobeBy Dion BisaraNusa Dua, Bali. Bank Indonesia is bullish that foreign direct investment this year will surge 42 percent to $14.5 billion on the back of growing optimism about Indonesia, but it expects capital market inflows to fall as...
Mon, 14 Mar 2011
US$15 Billion Foreign Fund Goes to Indonesia
TEMPO Interactive, NUSA DUA:Bank Indonesia’s research and monetary policy director Perry Warjiyo, said the flow of foreign funds to developing countries was increasing due to improvements in the US economy. Developing countries in Asia will receive foreign funds as they have promising potential.
Mon, 14 Mar 2011
Economic Corridor Development to Begin in 2012
TEMPO Interactive, Jakarta:The government has targeted the development of six national economic corridors which are expected to be the new economic development center. The six corridors are Java’s northern Coast corridor I), East Trans-Sumatra (II), South Trans-Kalimantan (III), Trans-Sulawesi...
Mon, 14 Mar 2011
IMMIGRATION OFFICIALS DEMANDING BIG PAY-OFFS FOR MINOR BREACHES
Guess whose turn to get hammered? Immigration Blitzkrieg ContinuesYES, last week it was our turn to come under the attention of the team from Immigrasi.Purely a coincidence, of course, and nothing to do with the report on Immigration activities which appeared in our previous newsletter (4 February).
Mon, 14 Mar 2011
IMMIGRATION OFFICIALS DEMANDING BIG PAY-OFFS FOR MINOR BREACHES
EXPATS OPERATING businesses or consulting services in Batam are being alerted to be aware of a cabal of Immigration officials currently seeking to extort money over trivial or inconsequential technical breaches of Visa rules.
Fri, 11 Mar 2011
Explosive WikiLeaks Cables Nail Yudhoyono
Well vulgy, We all know, Indonesian government & politicians corrupt and abuse the power. But I wonder if someone or wikileaks release in valid and sufficient detail/evidence. ‘The Age’ is very interesting and has made “the palace” so panic today (and I really appreciate it ).
Fri, 11 Mar 2011
Explosive WikiLeaks Cables Nail Yudhoyono
IndoLeaks! Woo hoo! Been waiting for this a while now.i_j - you're not surprised? Maybe not, but is any of that new to you? Some of it certainly is to me.Let the leaks keep coming, says I. So what do you lot want to see next? Off the top of my head, I'd like to details about Munir, Bakrie and...
Fri, 11 Mar 2011
Explosive WikiLeaks Cables Nail Yudhoyono
well, I'm not surprised.that's why it's so hard to catch corruptors in Indonesia, because they all corrupt and abuse of power.with or without wikileaks' information, It always ends the same.
Fri, 11 Mar 2011
Three yachts to call at Benoa
Denpasar, Bali (ANTARA News) - General Manager of PT Pelabuhan Indonesia (Pelindo) III in Benoa Iwan Sabatini said by the end of this month and early next month, at least three tourist cruisers will be calling at Benoa port in Bali.
Fri, 11 Mar 2011
Govt improving transparency of investment regulations
Perth, Australia (ANTARA News) - Visiting Vice President Boediono said the Indonesian government is improving transparency of investment regulations at central and regional levels as part of efforts to attract more investment."Our long-term attention is particularly for foreign investors.
Fri, 11 Mar 2011
Govt studying proposal for flat export tax on CPO From: Antara News
Jakarta (ANTARA News) - The government is studying a proposal to impose a flat export tax on crude palm oil, Trade Minister Mari Elka Pangestu said."We have looked again at the proposal for a would flat export tax on CPO.
Fri, 11 Mar 2011
RI sets footwear export target at US$3.2 bln
From: Antara NewsJakarta (ANTARA News) - The government has set itself a target of exporting US$3.2 billion worth of footwear in 2011, Trade Minister Mari Elka Pangestu said.The exports are expected to increase by US$6 million from that in the previous year which stood at US$2.
Fri, 11 Mar 2011
Bio-chemical industry needs serious management: minister
Bio-chemical industry needs serious management: ministerFrom: Antara NewsJakarta (ANTARA News) - Industry Minister MS Hidayat said that the development of bio-chemical industry in Indonesia needed serious and optimal management.
Fri, 11 Mar 2011
Indonesia has great potential in hospitality industry: Observer
Indonesia has great potential in hospitality industry: ObserverFrom: Antara NewsJakarta (ANTARA News) - Indonesia has a great potential in the hospitality industry as the contribution of the world`s travel and tourism economy is expected to rise in 2020, an observer said.
Fri, 11 Mar 2011
DPR Gives Foreign Vessels an Exemption
After years of delays and legal wrangling, the government and lawmakers agreed on Thursday to exclude ships in the oil and gas industry from the country’s cabotage law.The government and House of Representatives Commission V, which oversees transportation matters, met on Thursday.
Fri, 11 Mar 2011
Properties: In Bali, Bamboo Is the Bricks and Mortar
From:Indonesia News.NetSIBANG, INDONESIA - When Macarena Chiriboga came to Bali in 2009, she had just finished a master's degree in architecture in the United States, doing her thesis on the use of bamboo as a building material.The trip was meant to be a vacation.
Fri, 11 Mar 2011
West Nusa Tenggara, poorest region rich in minerals
From: The Jakarta PostKurtubi, Jakarta The management of non-oil and gas mining resources has, since 1967, applied the model of working contracts pursuant to the law on mining operation. By this model, the management of these resources is fully in the hands of contractors.
Fri, 11 Mar 2011
Explosive WikiLeaks Cables Nail Yudhoyono
ImageUS embassy in Jakarta has serious doubts about the Indonesian president's own integrityWhen Susilo Bambang Yudhoyono won a surprise victory in Indonesia's 2004 presidential elections, the United States Embassy in Jakarta hailed it as "a remarkable triumph of a popular, articulate figure...
Fri, 11 Mar 2011
UPDATE 1-Indonesia govt to exempt oil, gas vessels from new cabotage rule
From: ReutersJAKARTA, Indonesia - Indonesia will issue a regulation to exempt oil and gas vessels from a new cabotage rule, a move that will ensure foreign vessels can continue offshore oil and gas exploration, a senior energy ministry official said on Thursday.
Thu, 10 Mar 2011
Trade minister launches national shoes day
Jakarta (ANTARA News) - Trade Minister Marie Elka Pangestu has launched a National Shoes Day, here Wednesday, to encourage the Indonesian people to wear Indonesia-made shoes especially on every Friday.On the occasion, Minister Pangestu wore brown snake-leather shoes, while football player Bambang...
Thu, 10 Mar 2011
17 foreign investors to build shoe factories this year
From: The Jakarta PostAs many as 17 foreign investors are investing in shoe factories in Indonesia this year, an association says.Indonesian Shoe Producer Association (Aprisindo) chairman Eddy Wijanarko said five of the 17 investors had begun to build the factories.
Thu, 10 Mar 2011
Europe Eyes Local Rattan Industry
TEMPO Interactive, Jakarta:The local rattan industry could benefit from Europe’s increasing interest in the product. “This is the revival of rattan in the European market,” said agro industry director general Benny Wachyudi in Jakarta yesterday, following a meeting with a German expert who is...
Thu, 10 Mar 2011
New procurement regulation opens greater access for local companies
From: The Jakarta PostBy Rangga D. Fadillah, The Jakarta Post, JakartaThe government says local companies will have greater opportunity to supply goods and services for upstream oil and gas operations due to the revision of a regulation on procurement mechanisms.
Thu, 10 Mar 2011
Huawei gets Indonesia submarine deal
Huawei is to build a submarine cable across the Straits of Malacca between Malaysia and IndonesiaHuawei Marine Networks has been awarded a contract for the Batam-Dumai-Melaka submarine cable project linking Malaysia and Indonesia.
Thu, 10 Mar 2011
Indonesia - Minister of Singapore meet Hatta Rajasa
Minister of Trade and Industry of Singapore, Lim Hng Kiang met Coordinating Minister for the Economy, Hatta Rajasa, at the office of Coordinating Ministry for the Economy in Jakarta, on January 4th, 2011.
Thu, 10 Mar 2011
Rakuten Joins Clamor for Growing Indonesian Market
By Shirley Christie The allure of Indonesia’s burgeoning online market has hooked another big name, with Japan’s largest online retailer set to join the local marketplace in short order.Rakuten, which has a presence throughout East Asia as well as the US and Europe, plans to launch its full...
Thu, 10 Mar 2011
Indonesia Believes It Has Bigger Shoe Orders to Fill
By Shirley Christie Despite being the world’s third-largest exporter of shoes, Indonesia still wants to stamp out a bigger share of the market.“There are many high-quality Indonesian shoes gaining recognition in both the domestic and international markets,” Trade Minister Mari Elka Pangestu...
Thu, 10 Mar 2011
Infrastructure Development Delayed
TEMPO Interactive, Jakarta:Infrastructure development will be delayed this year due to a lack of funds. “Out of US$ 143 billion required, the government can only provide US$ 51 billion until 2014," said Fiscal Policy Board chief Bambang Brodjonegoro yesterday.
Thu, 10 Mar 2011
Taiwan Debt Tops Asia as Rising Oil Prices Punish Indonesia, Philippines
By Lilian Karunungan and David Yong Bonds from Taiwan are beating debt from Asia’s developing nations as surging oil prices punish economies with the fastest inflation.Local-currency debt sold by Taiwan returned 1.4 percent this year, the best performance in the region excluding Japan.
Thu, 10 Mar 2011
Indonesia plans to cut Australian cattle imports
By Matt Brown, JakartaIndonesia is planning to cut imports of Australian cattle by around 200,000 head this year.Indonesia's Vice Minister for Agriculture Bayu Krisnamurti, says his government wants to cut imports of Australian cattle to 500,000 and 50,000 tonnes of boxed chilled beef.
Thu, 10 Mar 2011
The Philippines Invest in RI’s Fishery Sector
TEMPO Interactive, Jakarta:The government has targeted US$50 million in investment for two years from Philippine businessmen in the maritime sector. “We will give them the space and cooperate with them so that the fish are processed here,” said Maritime and Fishery Affairs Minister Fadel...
Wed, 09 Mar 2011
Bali Back to Coffee
Restoring Bali's Coffee Industry Can Bring Economic Advances and Reduce Landslides and Erosion.Kompas reports that the government of Bali is undertaking aggressive steps to revitalize the island's coffee growing industry both as a means of improving the economic welfare of its citizens and also as...
Wed, 09 Mar 2011
The Grapes of Wrath
Poor Market and High Production Costs Causing North Bali Farmers to Abandon Their Grape Vineyards.North Bali's once thriving grape growing industry is now threatened with near extinction. Bali Post reports that many grape farmers are choosing to either abandon their vineyards or to dig up their...
Wed, 09 Mar 2011
Fewer Cruise Ships Headed to Indonesia
Cruise Visits Down as Bali Port at Tanah Ampo Still Not Ready to Receive Large Ships.The number of cruise ship visits to Indonesia in 2011 is put at only 31, a decline from the numbers projected last year due to the cancellation of planned ship visits to Bali and Komodo.
Wed, 09 Mar 2011
Indonesia Coal Areas Have Infrastructure Hurdles, WoodMac Says
Indonesia’s new coal supply areas in South Sumatra and the Wahau field must overcome infrastructure limitations to help meet demand from emerging markets including India, according to Wood Mackenzie Consultants Ltd.
Wed, 09 Mar 2011
Bali ’s import drops by 44 percent
Bali saw a sharp drop of its import in January this year, which was valued at US$7.04 million, down by 44 percent from January last month.The figure also decreased by 77 percent compared to December 2010, Head of the Bali Statistics Central Bureau Gede Suarsa said in Denpasar on Tuesday,...
Wed, 09 Mar 2011
Indonesian Govt May Curb Film Importers
VIVAnews - Ministry of Finance calls down on film importers to pay Rp 30 billion ($3.4 million) of import tax on film royalties and could have to pay up to 10 times the owed amount on March 12, 2011, at the latest.