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70 articles.
July 2 (Bloomberg) -- Volkswagen AG, Europe’s largest automaker, will spend $140 million in the next two years to build its first factory in Indonesia, where economic growth is helping boost demand.
The slump in Indonesia’s exports and imports continued in May, although on a monthly basis imports of raw materials and capital goods now show signs that industrial activities are starting to pick up.
The Indonesian Coconut Forum (FOKPI) has tied up with the Indonesian Institute of Science to conduct several pilot projects designed to diversify coconut-based products in the hope of developing the largely untapped industry.
With a plantation area of 1.6 million hectares and production capacity of 5.1 million tons per year, Indonesia’s Ministry of Industry has identified Riau as an ideal place to develop the country’s first downstream industry cluster for the palm oil industry.
Aker Solutions has officially opened its significantly modernized and expanded manufacturing facility for surface trees and wellheads in Batam, Indonesia.
Benget Besalicto Tnb., The Jakarta Post, Jakarta The Indonesian forestry industry could see up to Rp 15 trillion (US$1.5 billion) in investments this year, of which Rp 6.1 trillion has already been realized, a senior Forestry Ministry official said Monday.
Ridwan Rusli, SingaporeThe sharp increase in crude oil and fuel prices between 2004 and 2008 ended abruptly when crude prices dropped from around US$140 per barrel to $40 as the global financial crisis took hold.
TEMPO Interactive, Jakarta: Government was pushing to block foreign investment in cigarette industry, as the government is revising regulation on investment.After a meeting to discuss the regulation at the Industry Department on Wednesday Minister Fahmi Idris said “Cigarette industry is on the list.
Jakarta (ANTARA News) - The Central Bureau of Statistics (BPS) said the country`s non-oil/non-gas exports in the January - May period dropped by 21.9 percent if compared with the same period a year earlier."The exports of animal and vegetable fat/oil group experienced a significant drop by 42.
SOLO, Indonesia (Reuters) - A quiet revolution is under way in Solo, Central Java, and in other parts of Indonesia where local leaders are learning that one way to get re-elected is to take voters and their needs seriously.
One of the silver linings of the global economic downturn is the fresh attention given by developed nations to emerging economies, particularly Indonesia, which has proven to be remarkably resilient to the crisis.Outgoing Canadian Ambassador to Indonesia, John T.
The Indonesian forestry industry could see up to Rp 15 trillion (US$1.5 billion) in investments this year, of which Rp 6.1 trillion has already been realized, a senior Forestry Ministry official said Monday.
President Susilo Bambang Yudhoyono last week issued a regulation which now requires all 524 regency and municipal administrations to quickly and efficiently process all business licenses needed by an investor through a one-stop licensing centre.
The government will require 20 percent of shares in mining companies entirely owned by foreign shareholders to be divested to local partners, in accordance with the new mining law,an official says.
TEMPO Interactive, Jakarta: The government said it has dropped plans to take over the train project connecting downtown Jakarta with the Sukarno-Hatta Airport in western tip of Jakarta.
Indonesian and New Zealand Free Trade Agreement talks under the auspices of the Asean bloc have been progressing well despite the economic crisis and both countries expect the bilateral arrangement can be concluded within months, say foreign ministers, The Jakarta Post reported.
A number of Saudi Arabian businessmen are interested in investing in agricultural and animal husbandry sectors as well other small and medium business sectors in West Java, Antara reported.
The Japanese government will bring investors to Indonesia in the near future, the country�s Ambassador Kojiro Shiojiri said on Tuesday, adding that they are especially interested in the infrastructure and agriculture sectors, Antara reported.
Construction of an upstream palm oil industrial cluster in Dumai, Riau, will cost around Rp20 trillion ($3 billion), head of the provincial industry and trade office Herliyan Saleh said, Asia Pulse reported.
China Harbour wants to take part in a tender to build a railway project to link Soekarno-Hatta airport with Jakarta, Asia Pulse reported.Tenders held twice previously failed for lack of interest in the project.
The deputy chairman of the Investment Coordinating Board said on Monday that the Netherlands was the No. 1 investor in Indonesia over the past six months, although he declined to state the actual value of the investments.“We have the Netherlands as the No.
Following the opening of the Suramadu Bridge, which now connects Java and Madura islands, the Riau Islands will offer a Rp 3.5 trillion (US$350 million) tender for the construction of a bridge to connect Batam and Bintan islands.
With the implementation of the new mining law, the government will require foreign shareholders with 100 percent of participating interest in mining companies to sell at least 20 percent of their ownership to the central government, regional government, state enterprises or domestic private ...
Dubai. The Middle East’s largest real-estate developer and a partner in a troubled joint venture for a mega tourism project in Lombok, said the entity created by its merger with three state-controlled competitors will have 13.4 billion dirhams ($3.65 billion) in debt obligations.
Despite the government stimulus program and some signs of recovery on the horizon, the state-owned cement company PT Semen Gresik says that the cement industry would continue to suffer a decline this year, with full recovery by 2011.
Nyoman Gunarsa Says Condotels Threaten Balinese Culture.Bali News: Bali Artistic Leader Calls for a Stop on Condotels(6/27/2009) One of Bali's most famous artists and art curators, Nyoman Gunarsa, views the recent surge of "Condominium Hotels (Condotels)" as a detriment that does ...
The local film industry will soon benefit from new tax exemptions, now proposed by the culture and tourism ministry, to help local film production.
Government plans to shift exports from faltering traditional markets to new non-traditional markets to sustain export growth despite weakening global demand may be on track, a senior official says.
At least Rp 100 trillion ($9.8 billion) per year will be needed to retool some of the country’s most labor-intensive industries over the next five years, amid falling competitiveness and the looming threat of more layoffs, Agus Tjahajana, the Industry Ministry’s secretary general, said on Thursday.
Jakarta, (ANTARA News) - President Susilo Bambang Yudhoyono opened Indonesia Creative Week 2009 at the Jakarta Convention centre (JCC) here on Friday morning.
Alfian, THE JAKARTA POST, JAKARTA The energy and mining sector secured about US$5.38 billion of inward investment in the first quarter of this year; about 21.19 percent of the $25 billion targeted for 2009.
Government policy to optimize the consumption of local products via small and medium enterprises (SMEs) faces private sector questions due to bureaucratic delays and alleged corrupt practices.
Aditya Suharmoko, The Jakarta Post, JAKARTA Continued proliferation of administrative regions in Indonesia may no longer be economically sustainable, as it creates additional costs to the state with relatively small benefits, says government official in UNDP forum.
TEMPO Interactive, Batam: The Business Agency of Batam was asked to open small ports to support deliveries to islands within Batam. The establishment of Batam as a free-trade zone had rendered small ports inoperable.
Jakarta, (ANTARA News) - Opportunity to finance environmentally friendly energy projects has attracted the attention of more than 100 industrial experts and investors participating in the Indonesian Clean Energy Investor Forum being held here today.
Jakarta, (ANTARA News) - President Susilo Bambang Yudhoyono opened Indonesia Creative Week 2009 at the Jakarta Convention centre (JCC) here on Friday morning.
TEMPO Interactive, Jakarta: Hotel and restaurant association in Indonesia urged the Semarang Municipal administration to curb hotel growth in the city, fearing unproportional growth in number of hotels and customers.
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
Jakarta (ANTARA News) - Presidential candidate with running number two, Susilo Bambang Yudhoyono believed that Law No.13/2003 regarding manpower affairs should not be too hastily revised.
Jakarta (ANTARA News/Asia Pulse) - Indonesian state oil and gas company PT Pertamina said it will team up with PT Arrtu Mega Energie (AME) to build two methanol factories at a total cost of US$1.9 billion.
As struggling firms scramble for markets and try to wind down inventories, allegations of dumping have become the order of the day on the international trade front, with Indonesia finding itself on the receiving end of eight new dumping charges and measures over the last five months.
Investment in the domestic oil and gas sector reached $3.35 billion in the first quarter, just 20 percent of the total full-year target of $16.6 billion.Investment in the upstream oil and gas sector reached $2.
Foreign investors are beginning to turn their eyes from the country’s mining and energy industries to health care despite heavy regulation of the sector, according to Standard Chartered Bank.
Plummeting demand for computers and slumping industry profits aside, the world’s biggest chipmaker, Intel, says it is committed to expanding its presence in Indonesia.Founded in 1968 and based in Santa Clara, California, Intel saw its first-quarter net profit tumble to $647 million from $1.
The Finance Ministry’s Directorate General of Taxation plans to launch a worldwide tender between September and early 2010 for a $145 million project to revamp its computerized information system, in line with concerted efforts in recent years to expand the country’s extremely low taxpayer base, a ...
The Riau government, already good at attracting investment, is moving aggressively to set up the nation's first downstream industrial cluster for the palm oil industry, to start to catch up with Malaysia.
