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Thursday, February 25, 2010
Dual Citizenship Deadline Looms for Transnational Generation
The 2006 Citizenship Law has enabled transnational couples to apply for dual citizenship for their children. Before the law was introduced, children of Indonesian mothers and foreign fathers were automatically registered as citizens of their father's country. As a result, parents were forced to extend temporary residence permits for their children, a time-consuming and problematic process.
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RI Can Do So Much Better, Says World Bank
Despite Indonesia weathering the global financial crisis better than many Asian countries, it still fell behind in attracting foreign investment, the World Bank says.
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BKPM Regains Past Status as a 'One Stop Shop'
The Investment Coordinating Board (BKPM) has regained some of its past role in the areas of investment licensing, amendments to the negative list and preparation of the country's investment road map.
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Tuesday, February 23, 2010
RI Preparing Six Agreements Ahead of Obama Visit
Jakarta - Coordinating Minister for Economic Affairs Hatta Rajasa said that the government is preparing six agreements that would be discussed when US President Barack Obama visits Indonesia in March 2010.
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Tax Revenues May Reach Rp 1,000T Target by 2013
The government will intensify efforts to achieve a tax revenue target of Rp 1,000 trillion (US$108 billion) by 2013, which will account for the larger part of state revenues, the Finance Ministry said.
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DPD Optimistic About Becoming Senate by 2014
The House of Regional Representatives (DPD) expressed its optimism about a further amendment to the 1945 Constitution by 2014 to give full authority to it to become recognized as a senate.
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Bali Still the Main Tourism Destination
Vincent Jemadu, the Culture and Tourism Ministry Development Director, has said that Bali is still the main tourism destination in every international market.
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Wednesday, February 17, 2010
The Best Is Yet To Come in RI-US Ties, Says Marty
Foreign Minister Marty Natalegawa says he believes the visit by US President Barack Obama to Indonesia next month will further improve the already strong relations between the two nations.
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Rupiah Strengthens Against US Dollar
Jakarta (ANTARA News) - The rupiah rose against the US dollar in the Jakarta interbank spot market here on Wednesday as investors sold the greenback which had strengthened against Asian currencies especially euro and yen over the past few days.
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Tuesday, February 16, 2010
FM: Obama Visit Boosts US-Indonesian Ties
President Barack Obama's visit to Indonesia next month will give new momentum to already positive relations between Washington and Jakarta, the foreign minister said Tuesday.
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Friday, February 12, 2010
Rupiah Stable at Rp 9,362 per US Dollar
Jakarta (ANTARA News) - The rupiah remained stable at the level of Rp9,362 per US dollar in the Jakarta interbank spot market as investors tended to buy the local unit although in relatively small amounts.
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IDX Index May Reach 2,670 Points: Observer
Jakarta - A capital market observer, Krisna Dwi Setiawan, said there was an inflow of foreign players` hot money into the domestic stock market which could boost this week`s Indonesian Exchange (IDX) Composite Stock Price Index (IHSG) to 2,670 points.
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RI's Textile Trade Reaches Surplus
Semarang, - Indonesia's textile and garment trade balance in 2009 had been a surplus of 5.1 billion US dollars, a 1.10 pct increase compared to the equally surplus of 5 billion US dollars in 2008.
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Growth Target Not Modified
TEMPO Interactive, Jakarta: Minister of Finance Sri Mulyani Indrawati has said that the government will not change economic growth target of 5.5 percent in the revised 2010 state budget.
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Traditional Markets in Districts To Be Revitalized
Jakarta (ANTARA News) - The Cooperatives, Small and Medium Enterprises Ministry plans to revitalize at least one traditional market in each of the country's 540 districts and municipalities with a total budget of Rp540 billion, a spokesman said.
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Thursday, February 11, 2010
RI, US to Enhance Military Cooperation
Jakarta - Indonesia and the United States are to step up their military ties and resume collaboration programs broken off in the past, Defense Minister Purnomo Yusgiantoro said here Wednesday.
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'Jamu' Export Reaches $10M Annually
Indonesia currently exports US$10 million worth of jamu traditional herbal medicine annually, while the domestic market value of jamu stands at $500 million.
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Tuesday, February 9, 2010
President : RI Able to Pass Two Big Tests
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said Indonesia had passed at least two big tests so far namely the multi-dimensional crisis in 1998 and the world economic crisis in 2008.
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Oil Contractors' Output Expected to Reach 965,000 BPD
Bojonegoro - Indonesia`s national production of oil is expected to reach 965,000 barrels per day in 2010 from 65 production sharing contractors, a BP Migas oficial said. "We must be optimistic the target will be achieved," Amir Hamzah, the head of the internal division of the Upstream Oil and Gas Regulatory Agency, said.
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Ministries Receive UNESCO Certificates
Culture and Tourism Minister Jero Wacik and Coordinating Public Welfare Minister Agung Laksono Friday received three UNESCO certificates of intangible cultural heritage and a certificate recognizing the best practice of cultural preservation in Central Jakarta.
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Pertamina to Invest Rp 10.2T on New Blocks
State oil and gas company PT Pertamina has allocated about Rp 10.2 trillion (about US$1 billion) for acquisition of new oil and gas blocks in 2010, president director Karen Agustiawan told lawmakers Thursday.
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RI Diplomats Must Work Tirelessly: Foreign Minister
Jakarta - As components of the country's diplomatic service, Indonesian diplomats must work tirelessly, smartly and carefully to ensure the achievement of the service's goals for the state's and nation's sake.
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Thursday, February 4, 2010
RI Pushes Settlement of Doha Round
London - Indonesia and other WTO member countries will continue pushing to solve the Doha Round at the WTO to the benefit of all, in view of the importance of improving the world business climate.
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Bank Indonesia Maintains Key Rate at 6.5 Percent
TEMPO Interactive, Jakarta: Bank Indonesia maintained its key rate at 6.5 percent on Thursday (4/2) as the central bank sees the current economic state is conducive for economic recovery, financial stability, and its intermediary function.
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News Focus: RI to Gradually Stop Coal Exports
Jakarta - Indonesia, which over the past few years has become the world's third largest coal exporter after Australia and China, is planning to gradually stop its exports in order to help strengthen the country's energy resilience.
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2010 Market Outlook: Who Will Pull The Trigger First?
During our recent Indonesia strategy marketing trip we spent two full days in Singapore and another two full days in Hong Kong, meeting with various fund managers. We found that all of those in Singapore were still very much bullish on Indonesia, agreeing with us that the Indonesian market performance would be better in the first half of 2010 than in the second, because the risk of rising inflation and interest rates was expected to be higher in the second half of 2010.
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Indonesia Officially Launches "Sail Banda"
Jakarta (ANTARA News) - The 2010 Sail Indonesia, featuring the beauty of Maluku Province's Banda Islands, would spend at least Rp40 billions, Director General of Marine Resources and Fishery Surveillance Aji Sularso said.
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Wednesday, February 3, 2010
Obama Plans 'Sentimental' Return to Jakarta
US President Barack Obama and family will visit Jakarta in March to launch a comprehensive partnership with Indonesia, and make a 'sentimental' return to his childhood hometown.
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Indonesia Chosen as OIC Parliament President
TEMPO Interactive, Jakarta: The Head of the House of Representatives Marzuki Alie has been elected as the Parliament President of the Organization of the Islamic Conference (OIC) at the sixth OIC Conference in Kampala, Uganda.
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Yudhoyono Receives International Award
TEMPO Interactive, Cianjur: After being named as one of 100 most influential people in the world, President Susilo Bambang Yudhoyono to receive further international recognition.
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President Discusses Plan Implementation
Cipanas, Cianjur (ANTARA News) - President Susilo Bambang Yudhoyono chaired a meeting with governors and ministers at Cipanas Palace here on Tuesday to discuss the implementation of the National Medium-Term Development Plan (RPJMN) 2010-2014.
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Exports Expected to Recover in 2010 : Minister
Jakarta (ANTARA News) - Finance Minister Sir Mulynai Indrawati said there were indications that the trade sector, particularly exports, would recover along with the general economic recovery this year.
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RI Feature Film in Running for Award in Rotterdam
The experimental film "At the Very Bottom of Everything" by Indonesian independent filmmaker Paul Agusta is currently in the running for the prestigious Dioraphte Award at the 39th International Film Festival Rotterdam (IFFR), which will end on Feb. 7.
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RI Submits Emission Cuts Target to UN
Indonesia has lodged an official report on its emission reduction target to the UN on Sunday as doubts remain over the possibility of countries to reach an ambitious deal this year.
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Monthly Inflation Below One Percent
TEMPO Interactive, Jakarta: Inflation rate in January rose 0.84 percent as all 66 cities saw climbing prices in almost all types of products and services. Consumer's Price index rose to 118.01 at the end of January or 3.78 percent ighers from a year earlier.
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SBY to Form Committee to Oversee Economy
President Susilo Bambang Yudhoyono said he would soon form an economic committee, involving business communities, tasked to assist the government to help solve problems hampering economic growth.
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