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Tue, 26 Aug 2008
Local CPO demand may offset drop in prices
Robust domestic demand on crude palm oil (CPO) for biofuel is likely to compensate losses from declining prices of CPO on world markets, a ministry official says."With a demand on CPO for biofuel, there will be a new market of about 1 million tons," said Bayu Krisnamurthi, deputy head of...
Mon, 25 Aug 2008
Contiki Resort in Bali to Close
Low Occupancy in a 'Bull Market' at 18-35 Year Old Only Property Precipitates a Change of Name and Management for 133-room Bali Resort.(8/24/2008) PT Mountbatten Resorts Indonesia will soon assume management of the 133-room Contiki Resort Bali located in the Seminyak area of Bali's famed Kuta Beach.
Mon, 25 Aug 2008
Hybrid Vehicles to Be Imported Tax-Free
Japanese-Indonesian Trade Agreement May Tax-Exempt the Import of Vans and Small Busses for Bali's Tourism Industry.(8/24/2008) In accordance with an economic cooperation agreement signed between Indonesia and Japan energy-efficient hybrid cars will soon be free of import tax in Indonesia.
Mon, 25 Aug 2008
The Expansion of Bali's Benoa Port as a Cruise Terminal
US$543 million Deal with Korean Consortium will Double Port Size and Create 5-Star Accommodation Complex at Benoa Harbor.(8/24/2008) NusaBali reports that Bali's Benoa Port will soon be enlarged to cover an area of 80 hectares by dredging shallow areas of the harbor currently inaccessible to...
Sun, 24 Aug 2008
Adidas ends Prima contract this December
Mustaqim Adamrah, The Jakarta Post, JakartaThe world's second-largest sportswear manufacturer, Adidas Group, has placed its final orders with local shoemaker PT Prima Inreksa Industries, under an agreement signed by both companies on Friday at the Industry Ministry.
Sun, 24 Aug 2008
Government to Give Incentives for Telecommunication Operators in Remote Areas
Friday, 22 August, 2008 | 23:57 WIBTEMPO Interactive, Jakarta: The Postal and Telecommunication Director General Basuki Yusuf Iskandar said the government will give frequency incentives for operators willing to build up the telecommunication industry in isolated areas.
Sun, 24 Aug 2008
Germany Invests US$ 25 Million in Batam
Saturday, 23 August, 2008 | 08:44 WIBTEMPO Interactive, Batam :German company PT Epcos Indonesia has invested US$ 25 million in Batam, Riau Archipelago. The electronic company employing 3.500 people produces 200 million units of negative thermal censor per year.
Sun, 24 Aug 2008
Australia: Indonesia and Australia Will Benefit from Free Trade
Saturday, 23 August, 2008 | 08:46 WIBTEMPO Interactive, Jakarta:Australian Agriculture, Fishery, and Forestry Minister, Tony Burke, said that Indonesia and Australia will benefit from the ASEAN- Australia-New Zealand Free Trade Agreement.
Sun, 24 Aug 2008
Govt rejects proposed escalation of infrastructure contracts
Jakarta,(ANTARA News) - The government eventually turned down a proposal for an increase in the value of contracts for infrastructure projects under a cooperation between the government and private businesses, because the proposal did not meet the legal requirements.
Thu, 21 Aug 2008
Labor-rich industries lagging
Aditya Suharmoko, The Jakarta Post, JakartaThe government has not supported the steady growth of labor-intensive industries over the last six quarters, missing a vital opportunity to reduce unemployment and poverty, several lawmakers say.Last year, the economy grew 6.
Thu, 21 Aug 2008
Shopping centers say no to forced power-saving plan
The Jakarta Post, JakartaShopping centers have rejected a planned govt regulation requiring them to switch to their own power generators for ten hours every week starting Aug. 25, citing burdensome extra costs.
Thu, 21 Aug 2008
Security at RI container ports slack
Indonesia's container ports fall short of the stiff security standard required by the International Maritime Organization (IMO), an official says.Director General of Customs and Excise Anwar Suprijadi, who has received acclaim for leading a clean up of his corruption-riddled office, said the...
Thu, 21 Aug 2008
KPK hunting corrupt tax officials
The Corruption Eradication Commission (KPK) has expanded its investigation into the corruption-infested Directorate General of Taxation.A failure by most tax officials in submitting their wealth reports will be used by the KPK to make an initial screening of how the officials manage to attain their...
Thu, 21 Aug 2008
Exports to Japan Increase by 20 percent
Thursday, 21 August, 2008 | 10:27 WIBTEMPO Interactive, Jakarta: The Indonesian government predicted the export growth from Indonesia to Japan will increase by 20 percent after the partnership agreement between Indonesia and Japan is signed. There will be removal and reduction of the trade tariff.
Thu, 21 Aug 2008
ILO: Indonesia`s 2008 economy shows sound improvement
Jakarta, (ANTARA News) - Indonesia`s economy has been growing positively but the labour market has not yet developed significantly, according to a report of the International Labour Organization (ILO) on Labour and Social Trends in Indonesia 2008, Wednesday.
Thu, 21 Aug 2008
Billion-dollar investor plans to set up oil refineries canceled
Jakarta,(ANTARA News) - As many as 21 foreign and domestic investor plans to set up oil refineries in Indonesia worth a total of 39.36 billion US dollars plus Rp 18.3 trillion and approved by the government in the period 1994-2000 were not realized and therefore canceled, a capital investment...
Thu, 21 Aug 2008
African Company Interested in Managing Indonesian Coal Liquefaction
he will find out soon enough ... if you get in bed with Bakrie and Pertamina you are sure to wake up with a sore arse in the morning.
Thu, 21 Aug 2008
African Company Interested in Managing Indonesian Coal Liquefaction
I wonder if someone should tell Mr Cameron and friends that as it is a Bakrie Company there must be a dead rat in the deal somewhere!
Wed, 20 Aug 2008
INKINDO Suggests Standards for Foreign Trading Companies
Wednesday, 20 August, 2008 | 11:51 WIBTEMPO Interactive, Jakarta: The National Association of Indonesian Consultants (INKINDO) has suggested that provincial governments arrange trading company and skill standards for foreign consultants working in Indonesia.
Wed, 20 Aug 2008
African Company Interested in Managing Indonesian Coal Liquefaction
Wednesday, 20 August, 2008 | 11:53 WIBTEMPO Interactive, Jakarta: South Africa Synthetic Oil Liquefaction (SASOL) Synfuels International, a synthetic fuel company from South Africa, is interested in managing coal liquefaction in South Sumatra.
Wed, 20 Aug 2008
Hutchinson invests $1B in telecom facilities
correct. small annoucement last week (http://jakchat.com/forums/ubbthreads.php/topics/84344/ANT_Hutchinson_invests_US_1_bl#Post84344)this article from the ministry of trade adds details to that story.
Wed, 20 Aug 2008
Golden Agri 2Q profit more than doubles
Golden Agri-Resources Ltd., a unit of Indonesia's largest oil-palm grower, Sinar Mas Group, said second-quarter profit more than doubled as prices and production gained, Bloomberg reported.Net income rose to $582 million in the three months to June 30, or 6 cents a share, compared with $228...
Wed, 20 Aug 2008
Hutchinson invests $1B in telecom facilities
PT Hutchinson CP Telecom Indonesia, operator of the '3' brand cellular service, has invested $1 billion in the development of its telecommunications facilities in Indonesia, Asia Pulse reported."We plan to become the biggest operator in Indonesia next year," marketing director of...
Wed, 20 Aug 2008
Indonesia may produce 1M tons cocoa by 2013
Indonesia may be able to double its current annual cocoa production to 1 million metric tons in the next five years as steps are taken to rejuvenate existing plantations, a senior industry official said, Dow Jones reported.
Wed, 20 Aug 2008
Rush to invest in shoe industry
South Korean, Vietnamese and Chinese shoemakers are reported to be planning to set up shop in Indonesia, boosting an industry that already makes some $400 million in export earnings."All the companies have already obtained principle licenses from the Investment Coordinating Board," Eddy...
Wed, 20 Aug 2008
GDP growth can be maintained: Minister
The growth rate of the economy, which the Central Agency of Statistics (BPS) said reached 6.39% in the second quarter, can be maintained throughout the year, Coordinating Minister for Economic Affairs Sri Mulyani Indrawati told a press conference on Friday.
Wed, 20 Aug 2008
Govt's ambitious customs system hits snag on available manpower
exactly. which asks the question: do indonesians *really* want their country to be just like the west? isn't that what many of us here in jakchat were trying to escape from?
Wed, 20 Aug 2008
Govt's ambitious customs system hits snag on available manpower
you're way too optimistic. culture underlies much behaviour, and elements of indonesian culture itself supports and maintains what westerners view as corruption.creating a "clean", merit-based bureaucracy in indonesia requires a culture shift.
Wed, 20 Aug 2008
Govt's ambitious customs system hits snag on available manpower
Bring it on ..... Hire a very good change management team to train and develop the people. Sure there will be the currupt people who will take no notice but there will also be a few who are as tired of the curruption as most other people.
Tue, 19 Aug 2008
Electronics resilient amid inflation
Despite rising pressure from price inflation, particularly after the fuel price hikes in May, the Electronics Marketer Club's (EMC) monthly report shows that electronics sales increased in July.In July, electronic retailers and distributors were able to generate Rp 1.86 trillion (US$202.
Tue, 19 Aug 2008
Poor investment climate, not yet investor friendly
A conducive investment climate is desired by all economies looking for an inflow of foreign capital. However, such an environment is not only in the interest of foreign investors but also for domestic investors as their financial outlay is no less sizable.
Tue, 19 Aug 2008
Govt's ambitious customs system hits snag on available manpower
Aditya Suharmoko, The Jakarta Post, Jakarta The government aims to fully implement this year the so-called Indonesia National Single Window (INSW) system, which is aimed at streamlining export and import flow and preventing smuggling.
Tue, 19 Aug 2008
Australia to strengthen agricultural trade with Indonesia
The Australian government seeks to strengthen agricultural cooperation with Indonesia during its Minister for Agriculture, Fisheries and Forestry, Tony Burke, visit to the country starting Wednesday."I emphasize Australia's interest in access to the Indonesian market and our interest in...
Tue, 19 Aug 2008
Bin Laden Group to invest Rp14 trillion in Sulawesi
american's don't do much business here, either
Tue, 19 Aug 2008
Bin Laden Group to invest Rp14 trillion in Sulawesi
Bin Laden Group ... Bet they don't do much business in America
Tue, 19 Aug 2008
Govt forms parent holding company for state fertilizer makers
Jakarta (ANTARA News) - The government has set up a parent holding company for five state fertilizer makers -- PT Pusri, PT Pupuk Kalimantan Timur, PT Pupuk Kujang, PT Petro Kimia Gresik and PT Pupuk Iskandar Muda.
Tue, 19 Aug 2008
Bin Laden Group to invest Rp14 trillion in Sulawesi
Kendari, South-East Sulawesi (ANTARA News) - A foodstuff consortium from Middle-East countries planning to investment some Rp14 trillion through Bin Laden Group in South-East Sulawesi province, a senior adviser said here on Monday.Prof. Dr.
Mon, 18 Aug 2008
McDermott Indonesia completes massive CPP project in Batam
PT McDermott Indonesia, a Batam-based engineering and construction company in the offshore oil and gas industry, has completed construction of a massive central processing platform (CPP) worth US$450 million.
Mon, 18 Aug 2008
Govt aims to expand tax net, cut evasion, boost revenue
Aditya Suharmoko and Alfian , The Jakarta Post , Jakarta | Mon, 08/18/2008 11:51 AM | BusinessThe government plans to be aggressive in its hunt for more taxpayers among businesses to help finance the expansive state budget proposed for next year.
Mon, 18 Aug 2008
CPO price hikes boost Jambi`s gross regional domestic product
Jambi (ANTARA News) - Jambi province`s gross regional domestic product in the second quarter of 2008 rose 2.8 percent to Rp9,217 billion, driven by a rise in global crude palm oil (CPO) prices.The rise in CPO prices caused the local economy particularly the processing industry to grow 5.
Mon, 18 Aug 2008
Govt targets unruly coal miners
Aditya Suharmoko & Nurni Sulaiman, The Jakarta Post, Jakarta, BalikpapanThe government is gearing up to punish three coal producers found to have been evading royalty payments and income tax over a six-year period, an official says.
Mon, 18 Aug 2008
Entrepreneurs: gov infrastructure spending not enough
The Jakarta PostThe country's business community and entrepreneurs deem the President's state address a disappointment as the state budget allocation for infrastructure is lower than expected."The allocated budget for infrastructure is only 3 percent, when the country actually needs at least 6...
Mon, 18 Aug 2008
Google eyes RI SMEs to boost expansion in Asia
Google is targeting Indonesia's small and medium enterprises to boost its expansion in the region.The Silicon Valley giant is providing an opportunity for Indonesian SMEs to develop their businesses and find new customers by advertising on Google Adwords, a Google product aimed at businesses with...
Mon, 18 Aug 2008
Govt sets lofty plans for '09 budget
Aditya Suharmoko, The Jakarta Post, JakartaThe government has set an expansive state budget for next year, calling for a higher deficit with increased spending to boost growth and reduce unemployment.President Susilo Bambang Yudhoyono on Friday presented the 2009 state budget draft to the House of...
Mon, 18 Aug 2008
111 Illegal Villas Facing Closure on August 29, 2008
Badung Tourism Office Promises to Enforce Closure Rule on Villas Who Fail to Meet Regulatory Requirements for Commercial Villas.(8/16/2008) The Regional Tourism office of Badung, acting on the Governor's August 29, 2008 deadline for the legalization of all commercial villas, is preparing two team...
Sun, 17 Aug 2008
RI`s economy to grow 6 pct this year: analysts
Not too certain on this one here...will just see..the data may reflect the upcoming election...hehehe
Fri, 15 Aug 2008
Workers in Batam, Surabaya rally against "outsourcing" system
The workforce here is indeed fluid. They've been put in life's blender and liquidized.
Fri, 15 Aug 2008
Workers in Batam, Surabaya rally against "outsourcing" system
outsourcers in this country can absolve their responsibility for their minimum wage obligations, rendering the whole minimum wage concept risible here. Outsourcing is pure evil in this country- which needs real unions by the way.
Fri, 15 Aug 2008
Workers in Batam, Surabaya rally against "outsourcing" system
Originally Posted By: chewwyUKTo compete in the manufacturing markets Indonesia MUST have a more fluid workforce i certainly agree with all you say, however, unions may well argue that fluid workforces are not possible in the absence of a system of social security to fill in for breaks in...
Fri, 15 Aug 2008
Workers in Batam, Surabaya rally against "outsourcing" system
Interesting that the outsourcing issue is kicking off again. Maybe the unions know that one of the first things SBY's government will try and change are the manpower outsourcing regulations. Remember they tried a few years ago but unfortunately he backed down.