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Fri, 27 Jun 2008
House can now summon anybody involved in oil industry, trade : legislator
"In addition, the overseas oil purchases were made through the services of brokers making the purchasing prices higher then they could be," Bimo said.I believe there are a group of Indonesians in Singapore doing rather nicely out of these "overseas" purchases
Fri, 27 Jun 2008
House can now summon anybody involved in oil industry, trade : legislator
Jakarta, (ANTARA News) - By deciding to use its right of inquiry on the government`s fuel oil pricing policy, the House of Representatives (DPR) can now summon anyone involved in the production, distribution and consumption of fuel oils for questioning, one of the legislators behind the initiative...
Fri, 27 Jun 2008
Visitor arrivals in Singapore up 0.8 pct in May, Indonesians lead the numbers
Singapore (ANTARA News) - Visitor arrivals in Singapore rose 0.8 percent to 828,000 in May from a year earlier, a record for the month, the Singapore Tourism Board (STB) said on Friday.Tourists paid 28.
Fri, 27 Jun 2008
Japan to cut import duties on 80 pct tariff posts for Indonesia
Jakarta, (ANTARA News) - The Japanese government will cut its import duties on 80 percent of tariff posts of goods from Indonesia beginning July 1, 2008, as part of the implementation of the Economic Partnership Agreement (EPA) between the two countries, Indonesian Trade Minister Mari Elka Pangestu...
Fri, 27 Jun 2008
Saudi investors ready to invest $2 B in RI`s Agroindustry
Jakarta, (ANTARA News) - Eight Saudi large companies have set aside US$2 billion to develop Indonesia`s agroindustry, a Saudi executive said."Saudi Arabia has allocated huge funds for investment in the agroindustry.
Thu, 26 Jun 2008
CBM investors to get more certainty
A revision to a ministerial decree on coalbed methane (CBM) mining to be signed tomorrow promises more certainties to investors, but more issues need to be followed up, a minister says.Director of Oil and Gas at the Energy and Mineral Resources Ministry Luluk Sumiarso said the new regulation would...
Thu, 26 Jun 2008
Indonesian government more efficient, less corrupt: World Bank
They obviously have not heard the latest phone calls recording that has been played at the Nur Salim bribery trial..........
Thu, 26 Jun 2008
RI among Asia-Pacific's top expansion destinations
Indonesia remains attractive to expansion-minded multi-national firms despite global fallout from the U.S.' sub-prime crisis, a survey reveals.According to a report by global real estate management firm Jones Lang LaSalle, of 15 nations surveyed in the Asia-Pacific region, Indonesia ranks sixth in...
Thu, 26 Jun 2008
Indonesian government more efficient, less corrupt: World Bank
which indonesia are they talking about? is there more than one indonesia in this world of ours?
Thu, 26 Jun 2008
Indonesian government more efficient, less corrupt: World Bank
Jakarta (ANTARA News) - A reform push by leaders in Indonesia has substantially improved the performance of government and cut into corruption in Southeast Asia's largest economy, the World Bank said Wednesday.
Wed, 25 Jun 2008
Central govt plans to cash in on regional profits
Aditya Suharmoko, The Jakarta Post, JakartaThe central government plans to increase its take of profits garnered by regions through commodity trade starting next year in a bid to create a more balanced fiscal management, a ministry official says.
Wed, 25 Jun 2008
Soaring coal prices cause a frenzy among investors
Harry Su , AnalystWith coal prices at an all-time high, foreign and local investors alike are clamoring to accumulate coal mines as well as coal-mining stocks.Bumi Resources is an example of this, having displaced Telkom Indonesia as the biggest company on the Indonesia Stock Exchange (IDX) in...
Wed, 25 Jun 2008
Indonesia company begins exporting fire trucks
Jakarta (ANTARA News) - Indonesian company PT New Sentosa here Tuesday conducted a maiden shipment of 4 fire trucks to Tanzania in a ceremony attended also by Trade Minister Mari Elka Pangestu.The shipment was part of a US$640,000 order for 15 fire trucks from the African country, the minister said...
Wed, 25 Jun 2008
Honesty in advertising should come from the drawing board
Though it has been suggested often, I have refrained from writing about a continuing malaise in the advertising industry, a fraternity I used to be a member of. That is because candor is often not appreciated, or deemed partisan. So I will stick with the facts.
Wed, 25 Jun 2008
Prime Petroservices to build mini LNG plant worth $327m Ika Krismantari , The Jakarta Post , Jakarta | Tue, 06/
Integrated oil and gas service provider PT Prime Petroservices (PPS) plans to build a small liquefied natural gas (LNG) plant in Bali this year with a total investment of Rp 3 trillion (US$327 million).
Wed, 25 Jun 2008
Hanfeng Evergreen forms joint ventures to build plants in China and Indonesia
The Canadian PressTORONTO - Hanfeng Evergreen Inc. (TSX:HF) said Monday it has signed two deals to build new fertilizer plants in China and Indonesia.The Toronto-based company said it signed one deal to form a 50-50 joint venture with Shandong Mingshui Great Chemical Group to build and operate a...
Wed, 25 Jun 2008
Retail suppliers renew old grudges as prices surge
A dispute over retail-supplier contracts for medium enterprises has resurfaced in the wake of rising fuel and commodity prices after being silenced last year by a presidential decree.In 2005, PT Sariboga Snacks won a case against Carrefour after reporting the retail giant to the Business...
Wed, 25 Jun 2008
Editorial: Incentives for taxpayers
Citizens with taxpayer registration numbers will soon be exempted from the Rp 1 million (US$100) exit tax which all Indonesians, irrespective of age, must pay when they go overseas.A bigger incentive is that children of a father or mother with a taxpayer number will also be exempted from the exit...
Mon, 23 Jun 2008
All Jakarta to be wi-fi by year end: Telkom
Publicly-listed telecommunication firm PT Telkom said June 15 it would connect all public places in Jakarta with wireless broadband by the end of this year."We expect all strategic locations in Jakarta to be covered by our hotspots with a bandwidth capacity of 1 Mbps by the end of 2008," general...
Mon, 23 Jun 2008
Soybean production may rise 63% in 2009
Soybean production in Indonesia may increase 63% next year, more than previously expected, as planting increases, Bloomberg reported.The harvest may rise to 1.5 million metric tons, Agriculture Minister Anton Apriyantono, said. That compares with his January 21 estimate for production to reach 1.
Mon, 23 Jun 2008
Jan-May actual investment jumps 80.9%
Actual investment in the first five months to May surged 80.9% to Rp93.9 trillion ($10.4 billion) from Rp51.9 trillion a year ago, Bisnis Indonesia reported on Tuesday, citing Investment Coordinating Board (BKPM) chairman Muhammad Lutfi.
Mon, 23 Jun 2008
Thousand Islands to improve transportation
The Jakarta administration is considering developing a transportation system in the Thousand Islands regency in an attempt to improve the mobility of residents there.Governor Fauzi Bowo said Sunday some improvements on water transportation needed to be made to support goods and service distribution...
Mon, 23 Jun 2008
Suryainti to invest US$111 mln to build new tourist resort in Bali
Jakarta (ANTARA News/Asia Pulse) - Listed property company PT Suryainti Permata (JSX:SIIP) has said it will build a tourist resort over a 20-hectare plot of land in the Pecatu area in Bali with a total investment of Rp1 trillion (US$111 million).
Mon, 23 Jun 2008
Adidas seeks friendly breakup with supplier
most of the shoe manufacturing contractors in indonesia are actually owned and operated by obsessive koreans, despite the companies being nominally owned by indonesians.
Mon, 23 Jun 2008
Adidas seeks friendly breakup with supplier
German-based footwear maker Adidas Group pledges to maintain communications with its Indonesian supplier, PT Prima Inreksa Industries, following its decision to terminate a contract with the company by the end of this year.
Sun, 22 Jun 2008
70% of Central Javans skip paying taxes
Yes I can see where some of the richest in the govt. are unaware of their tax obligations.........
Sun, 22 Jun 2008
70% of Central Javans skip paying taxes
Around 70 percent of Central Java residents did not pay income tax in 2007 due to poverty and lack of awareness on tax obligations, says a local tax official."Public awareness of tax obligations has been dwindling in the past two years and this is a serious cause for concern," head of the Central...
Sun, 22 Jun 2008
The Vanishing Beauty of Bali's Shorelines Government Spending US$43 Million to Stem Shoreline Erosion in Bali.
Government Spending US$43 Million to Stem Shoreline Erosion in Bali.(6/21/2008) Tempo Interaktif estimates that as much as 25% of Bali's shorelines have suffered significant erosion caused by sea waves.
Sun, 22 Jun 2008
RI`s target for Chinese tourist arrivals still low: Diplomat
Beijing (ANTARA News) - Indonesia`s target for Chinese tourist arrivals at 300 thousands this year is still low as China has a population of 1.2 billion people, Indonesia`s Deputy Chief of Mission for China Mohamad Oemar said.
Sun, 22 Jun 2008
Despite recession American tourist flow to Bali increasing
Denpasar (ANTARA News) - The economic recession currently hitting the Americas seems not to have discouraged people in those countries to spend vacations in Bali, provincial tourism data show.The number of American tourists who came to Indonesia`s "island of gods" during the January-April period in...
Sat, 21 Jun 2008
Bogor Institute to host int'l conference on jatropha biofuel
The Bogor Institute of Agriculture (IPB) alongside Indonesia's second largest cement company PT Indocement will jointly host an international conference on the use of the jatropha plant for biofuel production.
Fri, 20 Jun 2008
Govt, House to solve tax bill impediments
Aditya Suharmoko, The Jakarta Post, JakartaThe government and the House of Representatives are set to solve stumbling blocks hampering the deliberation of the income tax bill by the end of this week, a ministry official says.
Fri, 20 Jun 2008
RI ranks high in attracting trade
The Jakarta Post, JakartaIndonesia is good at attracting international trade with its relatively competitive tariff barriers, but our border controls and distribution channels create major obstacles, a report says.
Fri, 20 Jun 2008
President calls for service improvements in industrial zones
President Susilo Bambang Yudhoyono has urged stakeholders of industrial zones to improve their services in order to enhance the country's competitiveness in the manufacturing sector.During the opening event of the Indonesian Industrial Zones Association's meeting Thursday, the President requested...
Thu, 19 Jun 2008
Regents seek approval for plantation expansion
yes, very sus indeed. there's a veritable land rush going on now with every man and his dog trying to get plantation land in kalimantan, sumatra and sulawesi, and the bupatis are in the middle of it all! they stand to make obscene amounts of money through "facilitation" fees and outright bribes.
Thu, 19 Jun 2008
Regents seek approval for plantation expansion
Originally Posted By: biznewsDarwan was speaking after attending fire awareness training held by Agro Indomas, in cooperation with the ministry of forestry, the Indonesian Palm Oil Council, WWF Indonesia, Borneo Orangutan Survival Foundation (BOS) and Care International.
Thu, 19 Jun 2008
Regents seek approval for plantation expansion
At least two regencies in Central Kalimantan are waiting for approval from the Jakarta-based forestry ministry to convert some of their forest into industrial plantations, the regents say.The conversion -- most of it from former industrial forest concessions -- is meant to accommodate expansion...
Thu, 19 Jun 2008
Italy boosts exports to Indonesia by 12%
Italy is expects to boost its exports to Indonesia by 12 percent this year, mainly driven by machinery and consumer products, an Italian trade commissioner says."Although our machinery products, which are geared to the needs of the manufacturing industry, only account for 1 percent of our total...
Thu, 19 Jun 2008
RI among Asia's fastest growing bakery markets: Study
The Jakarta Post , Jakarta | Thu, 06/19/2008 9:59 AM | BusinessWith strong demand from its large population, Indonesia is among the fastest growing bakery markets in Asia, a study by the German Bakers' Confederation has found.
Wed, 18 Jun 2008
Indonesia needs new export-import ports
Jakarta (ANTARA News) - Secretary General of the Indonesian Exporters Association (GPEI) Totok Dirgantoro said Indonesia needed new export-import ports to prevent goods congestions at Tanjung Priok port in 2012.
Tue, 17 Jun 2008
Thousand Islands to be marine tourism hub
The Jakarta city administration said Monday the government would assist in developing marine tourism in the Thousand Islands regency to help boost the local economy.Arie Budhiman, head of the Jakarta tourism agency, said the government would prioritize future development programs requested by the...
Tue, 17 Jun 2008
Wika steam power plant one of nine to solve energy crisis
Publicly listed state construction and engineering company PT Wijaya Karya (Wika) has begun construction of a steam power plant worth Rp 647 billion (US$69.47 million) in Tawaang Village, Manado, North Sulawesi.
Tue, 17 Jun 2008
Indonesian plan to restrict tin production may affect global market
Jakarta (ANTARA News) - Indonesia`s plan to restrict its tin production, if realized, will have an impact on the global tin market as research conducted by many institutions has shown global tin production is lower than demand, a tin mining executive said.
Tue, 17 Jun 2008
United Tractors Jan-May heavy equipment sales up 42 percent
Jakarta (ANTARA News/Thomson Financial) - PT United Tractors Tbk said on Friday it sold 1,987 heavy equipment units in the first five months of this year, up 42 percent from a year ago.United Tractors is Indonesia's biggest distributor of heavy equipment, with a market share of 45.
Tue, 17 Jun 2008
RI`s GDP may reach Rp5,275.9 trillion
Jakarta (ANTARA News) - The government and the House of Representatives (DPR) are looking into the possibility of raising the country`s gross domestic product (GDP) to Rp5,275.9 trillion by relying on exports and investments.
Tue, 17 Jun 2008
Economic development not only aimed at achieving growth: president
Balikpapan, E Kalimantan (ANTARA News) - President Susilo Bambang Yudhoyono said national economic development was not only aimed at achieving growth."Since the beginning our wish has been to achieve equal distribution, balance and fairness," the president said here on Monday, the second day of a...
Tue, 17 Jun 2008
Orica approves development of Indonesian ammonium nitrate plant
Sydney (ANTARA News - Orica Ltd., the world's largest manufacturer of explosives used in mining and quarrying, said on Tuesday its board has approved the $550 million development of a 300,000 tonnes a year ammonium nitrate plant at Bontang in the Indonesian province of East Kalimantan.
Tue, 17 Jun 2008
Northern Territory to send trade mission to Balikpapan Expo
Antara , Brisbane | Mon, 06/16/2008 6:21 PM | BusinessA 37-member trade and investment mission from the Australian state of Northern Territory will take part in the 4th mining and petroleum exhibition to be held in Balikpapan on June 19-21.
Tue, 17 Jun 2008
BPN to Open On-line Service
Monday, 16 June, 2008 | 15:05 WIBTEMPO Interactive, Jakarta: Head of the National Land Agency (BPN), Joyo Winoto, has said that BPN has prepared on-line service programs including registration for land certificates.
Mon, 16 Jun 2008
Lippo: 'Back to the City' migration needs infrastructure support
Lippo Group, founded by Mochtar Riady, is one of the largest property empires in Indonesia. It has grown into an important development player in Southeast Asia, and is famous locally for its construction of various satellite cities and independent community developments, including Lippo Karawaci,...