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Wednesday, March 31, 2010
$1.6 Million in Grants for Geothermal Projects
The US Trade and Development Agency (USTDA) has committed US$1.6 million in grants for feasibility studies for two private geothermal projects in West Java and Halmahera. |
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United Nations to Help Fund REDD Program
TEMPO Interactive, Jakarta: The Department of Forestry and the United Nations (UN) agreed to a collaborate on a joint Reduction of Emissions from Deforestation and Degradation (REDD) project valued at US$ 5.6 million. |
IDX Posts 47 Percent Profit Rise
The Indonesia Stock Exchange reported a 47 percent net profit rise last year from rising unrealized gains from the stock market and interest income despite lower operating income. |
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RI New Horizon for Plant Relocation from China
Indonesia is now one of the "new horizons" for foreign companies in China planning to relocate plants inland or outside the country because of rising labor and logistics costs, a survey by the American Chamber of Commerce in Shanghai showed. |
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RI, UN Launch Joint Effort to Curb Deforestation
Jakarta - Indonesia`s Forestry Ministry and the United Nations launched a UN Collaborative Program on Reducing Emissions from Deforestation and Forest Degradation (UN-REDD) with a kick-off workshop opened by Forestry Minister Zulkifli Hasan. |
No Indonesian Among Moscow Blasts' Victims
Jakarta - No Indonesian was among the victims of the two deadly suicide bombings that happened on the Moscow subway and a station blow the secret police`s headquarters during rush hours on Monday. |
Government Raises Excise Receipt Target For 2010
Jakarta - The government has revised upward the target of excise receipts for 2010 to Rp58.2 trillion from Rp57.2 trillion following a plan to raise liquor excise by up to 200 percent as of April 1. |
Logistics SOEs Target Rp1 Trillion in Profits
TEMPO Interactive, Bandung: The State-owned Enterprises (SOE) Department is targeting three SOEs in the logistics and tourism sectors, which are PT Angkasa Pura II, PT Garuda Indonesia, and PT Jasa Marga, to each obtain a profit of Rp1 trillion this year. |
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Monday, March 29, 2010
RI, US Sign Science, Technology Cooperation Deal
Indonesia and the United States signed on Monday a cooperation agreement in the fields of science and technology, paving the way for an exchange of information, ideas, knowledge and skills between scientists of the two countries. |
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RI Insists on Bid to Chair UN Climate Body
Indonesia will announce its candidate to contest the United Nations Framework Convention on Climate Change (UNFCCC) top post next week, but three of four names tipped to chair the position at the international body refused to be nominated. |
China Urged to Back Joint Ventures in RI
Indonesia is urging China to invest here instead of mainly being a trader, and to back a "win-win solution" in the implementation of the free trade agreement between ASEAN and China (ACFTA). |
Analysis: The Jakarta Office Market: Full Recovery Ahead?
The impact of the financial crisis that struck the global economy in mid-2008 has shown some signs of improvement. For those affected economies, the contraction has slowed, owing to the various government stimulus packages that have helped spur domestic demand. For selected Asian economies the impact was muted and their economies continued to post positive growth - even during the crisis. |
Growth Does not Happen by Itself, Says VP
Vice President Boediono has stressed the need to have infrastructure development implemented "without delay" to accelerate economic growth to 7 percent annually, from about 6 percent booked in recent years. |
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Thursday, March 25, 2010
Kopasus's Relations With US Remain Good: Commander
Jakarta - The commander of Army's Special Force (Kopassus), Brigadier General Lodewijk Freidrich Paulus, said that Kopassus's relations with the US Special Force have remained good. |
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RI's Jump to Investment Grade Rests on Fiscal Reforms: Fitch
Indonesia needs to demonstrate monetary and price stability and to continue with its reform program to raise tax revenues as well as to improve overall economic fundamentals in order to achieve an investment grade debt rating, according to Fitch Ratings. |
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Indonesia Secure Place for Investment
Jakarta (ANTARA News) - Vice President Boediono said Indonesia was a secure place for investors to do business because of its relatively conducive political situation. |
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Wednesday, March 24, 2010
RI Economy to Expand to 5.6% in 2010, EIU Says
The Economist Intelligence Unit (EIU) forecasts Indonesia's economy to expand 5.6 percent this year and 5.9 percent in 2011, as the country continues to attract global investment interest. |
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President to Launch National Strategy for Corruption Eradication
Jakarta, March 24 (ANTARA) - President Susilo Bambang Yudhoyono will soon launch a National Strategy for Corruption Eradication 2010-2015 (STRANAS PK 2010-2015). State Minister for National Development Planning Board/ chairperson for National Development Planning Board (Bappenas) Armida Alisjahbana said at her office here on Wednesday. |
Indonesia Endorses Expansion of EAS
Jakarta has endorsed the expansion of the East Asia Summit (EAS) by welcoming membership for the US and Russia in the 16-strong regional forum. |
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US-RI Partnership Likely be Signed Despite Obama Absence
Jakarta will look into the possibility of signing a cooperation agreement with the US before a state visit by President Barack Obama to Indonesia in June following the postponement of his Asia trip, the foreign minister said Friday. |
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Indonesia Textile Exports Expected to Grow 12 Pct
Jakarta (ANTARA News) - Indonesia expects its textile and textile product exports to rise by 12 percent to between US$10.5 billion and US$10.6 billion this year after dropping by eight percent last year. |
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Maluku's Coral Reefs Guaranteed to Fascinate Tourists
Jakarta - Tourists visiting Maluku will have missed something immensely memorable if they have not seen and marveled at the beauty of the various fish species that live amid the coral reefs of the province's seas. |
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Wednesday, March 10, 2010
Indonesia to Win European Market at ITB in Berlin
Berlin - Culture and Tourism Minister Jero Wacik said Indonesia will be trying to win the European market share, especially of German tourists, in the world`s biggest tourism fair, ITB Berlin, at Messe Berlin from March 10 to 14. |
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UK Bids for Indonesia Arms Business
The United Kingdom has propose investment in security sector which is banned from foreign investment the Industry Department reported on Wednesday (10/3). |
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Sri Mulyani Optimistic on Upgrade of Sovereign Debt
Finance Minister Sri Mulyani Indrawati said Indonesia could achieve a rating of "investment grade" for its sovereign debt within a year, considering the healthy state budget, the country's performance during the global financial crisis and the projection for a strong balance of payments. |
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Herbal Cures Touted for Treating Cancer
While herbal remedies have increasingly gained better place in the society here in Indonesia, the use of them in therapy is still welcomed with indifference by medical practitioners, an observer says. |
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Tuesday, March 9, 2010
UBS: RI Economy to Expand by 6 Percent in Two Years
Swiss-based bank UBS estimates that Indonesia's economy will expand by 6 percent in the coming two years, leading to a stronger rupiah against the US dollar, UBS economist Edward Teather said Tuesday. |
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BI: Q1 Growth to Exceed 5 Pct
Jakarta - Bank Indonesia (the central bank/BI) said on Monday the domestic economy may grow above 5 percent in the first quarter of 2010. |
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Monday, March 8, 2010
Strong Corporate Earnings Deliver Big Gain to Indonesian Bourse
The Jakarta Composite Index opened the week on a positive note as it climbed 1.9 percent, its steepest gain in five weeks, backed by strong 2009 earnings reports from several major companies and easing political strife over Bank Century. Analysts expect the rally to continue through the week. |
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Foreign Investment Expected to Increase
The government is targeting an increase in direct foreign investment. According to The Investment Coordinating Board (BKPM) chairman Gita Wirjawan, Indonesia has only been able to attract 0.17 percent of total foreign investment in the world. |
Government Allocates Rp 13.7T for Poverty Alleviation
The Indonesian government has prepared Rp 13.7 trillion (US$1.26 billion) in poverty alleviation funding for the Mandiri Community Empowerment National Program (PNPM Mandiri) in an attempt to further reduce the poverty rate this year. |
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Friday, March 5, 2010
Indonesia Can Be a Major World Player: Annan
The visiting former UN secretary-general Kofi Annan said that Indonesia, as an emerging economy and the world's third largest democracy, had the potential to be a major influence on other countries in the way it met development and religious challenges. |
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The Government Will Revitalize 200 Markets
TEMPO Interactive, Jakarta: The government will revitalize 200 village markets. "The budget used to revitalize these 200 markets is a special allocation budget of Rp100 billion," said Minister of Trade Mari Elka Pangestu at a press conference in the Ministry of Trade working meeting in Jakarta yesterday. |
American Fair in Medan
Banda Aceh (ANTARA News) - The United States embassy, in this case the US Consulate General to Sumatra, will hold an American Fair in Medan, North Sumatra, to better introduce the culture and education in that country. |
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Bank Indonesia Keeps Rate at 6.5 Percent
TEMPO Interactive, Jakarta: Bank Indonesia maintained its key interest rate on Thursday (4/3) dodging the projection made by global analyst that south east asian central banks will be the first ones that ready to raise their rates. |
Hassan Touted by Supporters as Best Choice for UN Post
It's two o'clock in the morning on the last day of the climate conference in Bali in December 2007, with weeks of negotiation seemingly nearing a dead end as rich and poor countries failed to reach consensus on key issues. |
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RI & Asia Pacific: Well Placed to Face Headwinds Ahead
The economic upswing in the Asia Pacific region has accelerated and inflation has increased. As a result, more central banks have indicated the need for tighter monetary policies ahead. Two days ago, Australia's central bank, following a one-meeting pause, resumed raising interest rates to 4 percent from 3.75 percent previously, reflecting a stronger economy, improved employment and rising housing prices. |
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BEI Index Climbs to Nearly 2,600 Points
Jakarta - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) got off to a strong start and approached the level of 2,600 points here on Wednesday morning. |
BKPM Promoting "Remarkable Indonesia"
Jakarta - Head of Investment Coordinating Board (BKPM) Gita Wirjawan said he will start promoting investment with the slogan of the Indonesian Chamber of Commerce and Industry (Kadin) "Remarkable Indonesia". |
RI Builds Warning System for Food Safety
The government is currently building an early warning system on food safety to ensure that all food products entering the country meet both national and international standards. Chairwoman of the food and drug monitoring agency (BPOM) Kustantinah said in Jakarta on Tuesday that the system would be connected online throughout the archipelago and later to the same systems in ASEAN countries and eventually to the European countries as well. |
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RI Delegation Attending CSW Meeting in New York
Jakarta - The Indonesian delegation is attending the 54th session of the Commission on the Status of Women (CSW) which now is being held in New York from March 1 to March 12, 2010, an official said. |
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Tuesday, March 2, 2010
Obama, SBY to Discuss Climate Center in Indonesia
President Susilo Bambang Yudhoyono and his United States counterpart President Barack Obama are slated to talk on climate change issues, and aiming to set up the first regional climate center in Indonesia. |
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Indonesia to Export Rice in 2010
TEMPO Interactive, Jakarta:Minister of Agriculture Suswono said that this year Indonesia have the opportunity to export rice because, according to data from the Central Statistics Agency (BPS), harvest production this year is increasing. |
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Monday, March 1, 2010
President Offers Condolences to Chile
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has offered his deepest condolences to the government and the people of Chile following the devastating earthquake and tsunami in the Latin American country. |
Indonesian Citizens in Chile are Safe
TEMPO Interactive, Jakarta: All Indonesian citizens residing in Chile have been reported safe from the 8.8-magnitude earthquake which struck the country on Saturday. |
RI Welcomes US Plan to Boost Military Cooperation
Officials have said the US plan to fully resume its military and counterterrorism cooperation with Indonesia showed that the world's biggest economy appreciated what the most populous Muslim majority country has done to reform its military. |
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RI to Apply for UN Climate Change Top Position
The government has expressed interest in applying for the UN's climate change top post to replace Yvo de Boer, who will resign by July, just months before climate talks on emission-cut targets. |
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Rupiah Strengthens 20 Points Against US Dollar
Jakarta (ANTARA News) - The rupiah strengthened 20 points against the US dollar in the Jakarta interbank spot market here on Monday morning as investors sought as much of the local unit as possible. |
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