Indonesian Investment Highlights articles from July - September 2005

Indonesian Investment Highlights archives from July - September 2005

Pupuk Kaltim-Samsung-Agrifert to build fertilizer plants.(CORPORATE HIGHLIGHTS)
July 1, 2005... State-owned urea fertilizer company PT Pupuk Kaltim has signed cooperation agreements with Samsung Corp. and Agrifert Malaysia Sdn Bhd to study plan to build fertilizer factories. The agreement with Samsung was on cooperation to carry out...

Garuda to lease three Boeing new generation aircraft.(Garuda Indonesian Airways)(Brief Article)
July 1, 2005... The nation's flag carrier Garuda Indonesia said it will lease three new Boeing 737-800 aircraft early next year to replace old aircraft Garuda President Emirsyah Satar said the Boeing 737-800 New Generation planes will be leased to replace five...

Sampoerna acquires luxurious building.(CORPORATE HIGHLIGHTS)
July 1, 2005... Former cigarette tycoon Putera Sampoerna has acquired a luxurious office building at a price of USS 77 million at Jakarta's most expensive business district of Jalan Sudirman. The building Sudirman Square formerly occupied by the Indonesian...

Elnusa plans to build new oil refinery.(Brief Article)
July 1, 2005... PT Elnusa Harapan, a subsidiary of sate-owned oil company Pertamina wants to build an oil refinery with an investment of up to US$ 3 billion to increase the country's oil fuel supplying capacity. Marketing and Commercial Director of the Oil and...

Yamaha to build new factory in Indonesia.(Yamaha Motor Company Ltd.)(Brief Article)
July 1, 2005... Yamaha Motor Co. Ltd said it plans to build a second factory to produce Yamaha motorcycles in Indonesia to increase its capacity from 800,000 units at present. The new production unit will start operation in January, 2006, its President and...

Mitra Adiperkasa to open 40 more new outlets.(Brief Article)
July 1, 2005... Publicly listed retail company PT Mitra Adiperkasa plans to open 40 new outlets in the second half of this year. The project will cost around Rp 180 billion. The company already opened 21 new outlets in the first half of this year. The new...

Recapital to finance Dipasena revamping.(Recapital Adviser, PT Dipasena Citra Darmaja)(Brief Article)
July 1, 2005... Recapital Adviser has been selected as investor for Dipasena Citra Darmaja, which has the world's largest shrimp ponds in Lampung, southern Sumatra, state-owned asset management company PT PPA said PPA President Muhammad Syahrial said the...

Egypt's Orascom to build cement plant in Indonesia.(Orascom Construction Industries)(Brief Article)
July 1, 2005... Industry Minister Andung Nitimihardja said Egypt's Orascom Construction Industries plans to build a cement plant in Indonesia with an annual capacity of 2.5 million tons. The project will be built in Java with an investment of USS 150 million,...

Government defends fuel policy.(Brief Article)
July 1, 2005... The government said it will not consider reviewing its subsidy and fuel policy raising oil fuel prices despite nation wide protests and criticism including from leaders of the House of Representatives accusing the government of lying to them....

Indonesia posts an increase in exports.(BUSINESS CLIMATE)
July 1, 2005... The country's exports in August were valued at US$ 7.03 billion or an increase of 0.56% from the previous month. The increase was attributable to an increase of 13.95% in oil and gas exports to US$ 1,795 million, the Central Bureau of...

Government to triple number of tax payers.(Brief Article)
July 1, 2005... The government targets to increase the number of individual tax payers to 10 million by the end of this year from 3.5 million so far hoping to earn an extra income of Rp 5 trillion (US$ 500 million) in tax revenues. Taxation Director General...

Government set to go ahead with setting limit to aircraft age.(Hatta Rajasa sets the rule)(Brief Article)
July 1, 2005... Transport Minister Hatta Rajasa said a regulation setting an age limit for aircraft used by Indonesian airlines could be made effective in December. Under the regulation based on a decision of the minister in June, 2005, aircraft older than 35...

Investment review.(Badan Pengawasan Pasar Modal licenses)
July 1, 2005... In June 2005, BKPM issued license to 28 foreign investment (PMA) projects. The value of the licensed projects in May was US$ 17.0 million. The largest among the projects is that of PT Needcoffee Indonesia Makmur with a planned investment...

New domestic investment (PMDN) projects applications, in June 2005.
July 1, 2005... NEW DOMESTIC INVESTMENT (PMDN) PROJECTS APPLICATIONS, IN JUNE 2005 a. Plate Site a. Line of Busines a. Investment(Rp) b. Management/ b. Production Capacity b. Manpower Address per annum...

New foreign investment (PMA) projects granted final approvals, in June 2005.
July 1, 2005... NEW FOREIGN INVESTMENT (PMA) PROJECTS GRANTED FINAL APPROVALS, IN JUNE 2005 a. Indonesia Party a. Line of Busines a. Investment (US$) b. Foreign Party b. Production Capacity b. Manpower c. Management ...