NEWS UPDATE

RATINGS

fitch Ratings : BBB-
Outlook : Stable
m Ratings : Baa3
Outlook : Stable
standard Ratings : BB+
Outlook : Stable

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  • BKPM ONLINE: MASTERLIST & PRINCIPLE LICENSE (IP) APPLICATION

    Online application through online-spipise.bkpm.go.id.

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  • Govt Drafts Policies to Boost Capital Goods Industry

    The Jakarta Post, 4 April 2014

     

    The government is drafting a series of policies to help develop local industries that produce capital goods, to significantly lower imports. Under one of the policies, the government will soon require state institutions to intensify the use of locally made capital goods, especially when they procure goods and services funded by the state budget or state enterprises, Industry Ministry secretary general Anshari Bukhari said on Thursday.

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  • Korea-Indonesia Cooperation Moves Beyond Resources

     The Korea Herald, 23 March 2014

     

    Amid all the clatter over 'resource nationalism,' Seoul quietly notches up ties with Southeast Asia's largest economy. The term "resource nationalism" was splashed across headlines around the world to describe Indonesia in recent weeks, the stories inclu ding dire predictions that the Southeast Asian country could scare off vital foreign direct investment.

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  • WARNING OF INVESTMENT FRAUD

    Companies without valid Business Licences (SIUPL) from BKPM

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  • BKPM Online: Masterlist & Izin Prinsip (IP) Application

    27 March 2014 - Online application through online-spipise.bkpm.go.id.

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  • RI may become SE Asia's top car market in two years

    The Jakarta Post, 27 March 2014

     

    Indonesia's auto market will probably overtake Thailand as Southeast Asia's biggest in one to two years, the CEO of its biggest auto distributor, PT Astra International (ASII), said.

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  • Fresh Optimism Over Economy

    The Jakarta Globe, March 25 2014

    Indonesia's business sector continues to show optimism as regulatory reform and a strengthening rupiah are expected over the next five years. 

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  • ANNOUNCEMENT FOR COMPANIES

    Request to Submit Investment Activity Reports (LKPM) First Quarter 2014

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  • Samtan set for $800m energy, resource projects

    The Jakarta Post, 20 March 2014

    Raras Chayafitri

     

    South Korean resource and energy company Samtan Co. Ltd. is planning to pour in around US$800 million to tap opportunities available in Indonesia's palm oil, mining and power plant businesses.

     

     

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  • RI calls for non traditional South Korean investments

    The Jakarta Globe, 19 March 2014

     

    The Investment Coordinating Board (BKPM) is expecting to see more South Korean investors pouring money into sectors where their community is a minority or totally unrepresented.

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  • WARNING OF INVESTMENT FRAUD

    List of Companies who receive Letter of Notice from BKPM

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  • Close Incentives promised for Sunda Strait Bridge investors


    The Jakarta Post, 13 March 2014

     

    The government says it will offer certain incentives for investors willing to take part in the construction of the Sunda Strait Bridge, which will connect Indonesia's largest islands of Java and Sumatra.

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  • Indonesia Seeking South Korean Investment as Economic Partnership Talks Continue

    The Jakarta Globe, 10 March 2014  I

    The Indonesian government has high hopes that ongoing discussions on a comprehensive economic partnership agreement with South Korea will encourage investment through special arrangements, according to government officials.

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  • Government flexes muscles to reduce trade

    The Jakarta Post, 10 March 2014

     

    JAKARTA - Slim US trade in January has caused fresh concerns about the likelihood of a significant pickup, which will be necessary to sustain Indonesia's growth despite the government's optimism.

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  • RI Investor Confidence 3rd Highest: Survey

    The Jakarta Post, 7 March 2014  I

     

    The level of confidence of Indonesian investors is the third-highest in the world, behind only India and Thailand, thanks to a positive economic outlook and a belief that investments will outperform savings. These are among the highlights of the survey, the Schroders Global Investment Trends Report 2014, which involved 15,749 investors from 23 countries, including over 200 respondents from Indonesia.

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  • Ministry To Get On Geothermal Investors

    The Jakarta Post, 5 March 2014  I

    Investors winning government tenders to build geothermal power plants will be required to provide surety bonds as guarantees that they carry out the projects according to agreed plans, an Energy and Mineral Resources Ministry official said.

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  • RI More Than Just A Market For Free Trade: Minister Lutfi

    The Jakarta Post, 03 March 2014

    Getting all stakeholders ready for the 2015 ASEAN Economic Community (AEC) is top of Muhammad Lutfi's priorities in his seven-month stint as trade minister before the current administration ends. Lutfi rejects concerns that the pact will turn Indonesia into simply a market for foreign businesses. On the sidelines of the 20th ASEAN Economic Ministers Retreat in Singapore last week, Luthfi discussed the issue with The Jakarta Post's Bagus BT Saragih. Here are excerpts from the interview:

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  • Govt Tips Three Areas For New Economic Zones

    The Jakarta Post , 19 February 2014

    I   As part of a measure to redistribute economic activities across the archipelago, the government will propose turning Tanjung Api-Api in South Sumatra, Morotai in North Maluku and Mandalika in West Nusa Tenggara into special economic zones (KEKs).

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  • Indonesia’s Tourism Prospects Attract More Investments

    indonesia.travel, 11 Feb 2014
    Indonesia's Minister for Tourism and Creative Economy, Mari Elka Pangestu stated that investments in tourism facilities in Indonesia will continue to grow in

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  • Investors Expect Gain For Stocks Across Asia

    Monday, 10 February 2014 | The Wall Street Journal|   Share markets in Asia may be in line for gains because weakerthan-expected news on U.S. employment has kept expectations alive that the Fed will continue its easy-money policies for a while. The Nikkei Stock Average and other Asian share benchmarks are likely to rise and the Japanese yen should fall this week, investors said, after Friday's U.S.

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  • Indonesia Q4 GDP growth picks up pace

    Indonesia’s economic growth surprisingly gathered pace in the latest quarter, suggesting the economy is entering the new year with more momentum than expected to withstand the turmoil affecting emerging markets.

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  • Growing Domestic Investors Offer More Brass Ring To Foreigners

    Jakarta, 3 February 2014 - A diplomat by training and an economist by education, Investment Coordinating Board (BKPM) Chairman Mahendra Siregar now has the chance to apply both disciplines as he is tasked with lobbying investors to pour their money into Indonesia

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  • Stimulus pullback good for RI

    The Jakarta Post, 29 January 2014

    BKPM chairman Mahendra Siregar downplayed the severe impact of the phasing out of US quantitative easing (QE) on Indonesia's economy, saying that the country would instead benefit from the stimulus reduction program.

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  • RI shows off culture in Davos

    The Jakarta Post, Davos | 25 January 2014

    Indonesia is using “cultural diplomacy” to promote trade, investment and tourism at the prestigious annual World Economic Forum (WEF), running from Wednesday until Saturday in Davos, Switzerland.

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  • Domestic and Foreign Direct Investment Realization in Quarter IV and Year of 2013 Remain at above Rp 100 Trillion

    Jakarta, 21 January 2014 – The Investment Coordinating Board of Republic of Indonesia (BKPM) today announces the fourth Quarter (October-December) 2013 of investment realization figures for both Domestic (DDI) and Foreign Direct Investment (FDI) based on the Investment Activity Report (LKPM) received by BKPM.
     
    The investment realization in Q4 (October-December) 2013 is Rp 105.3 trillion, in which for the second times since Q3 2013 exceeds Rp 100 trillion. It increases 26.4% compared to the same period in 2012 (Rp 83.3 trillion).
     
    The graph below shows that since the Q1 2013 the total investment realization has reached a high and stable condition which is expected to be improved continually in the future.
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  • Aviva Pushes Into Asia as It Strikes Deal in Indonesia

     Jakarta, 17 January 2014 - Aviva Plc (AV/), Britain’s second-biggest insurer, formed a joint venture with Indonesia’s PT Astra International, competing with firms including Prudential Plc (PRU) vying for business in South East Asia.

     
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  • Civil Servants BKPM formation in 2013

    List of BKPM Civil Servant applicants who passed and were accepted as candidates for Civil Servants BKPM formation in 2013, click here

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  • Tax Changes To Lift Oil, Gas Investment

    Jakarta, 2 January 2014 - The Finance Ministry's tax directorate office issued a new regulation that narrowed tax requirements on land and property for oil and gas activities as well as setting tax exemptions, in a move to boost investment in the sector.

     
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  • Govt Lays Groundwork for Future Growth

    Jakarta, 17 December 2013 - The government is laying the groundwork for the next administration to ensure a steady stream of investment into the country amid expectation of the US Federal Reserve’s tapering of stimulus measures.

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  • Outlook for Asia power sector stable in 2014: Moody’s

    Jakarta, 16 December 2013 - Moody's Investors Service says that the overall outlook is stable for the power sector in Asia, excluding Japan, in 2014, thanks to supportive regulatory policies, which result in stable market structures and low probabilities of adverse adjustments to tariff structures or returns.

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  • RI still attractive to Taiwanese and Japanese investors

    Jakarta, 9 December 2013 - Business players from Taiwan and Japan still view Indonesia as an attractive investment destination despite repeated protests by workers demanding an increase to the minimum wage. Business people from the two East Asian nations are drawn to investing in Indonesia primarily because Southeast Asia's largest economy has shifted from its labor intensive industry to a capital intensive one.

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  • Nationalist sentiment thwarts FDI plan

    Jakarta, 2 December 2013 - Difficulties persist for foreign investors in Indonesia, as a plan to open up more industries to outside investment has been shelved by President Susilo Bambang Yudhoyono amid growing nationalist sentiment.

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  • IHI Targets Indonesia Amid Increased Japanese Foreign Direct Investment

    Jakarta, 21 November 2013 - Japan based manufacturer IHI has identified Indonesia as its most important market in the company's global expansion plan. The corporation plans to tap into opportunities created by increased Japanese foreign direct investment in Indonesia.

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  • BKPM Civil Servant 2013 Eligible Applicants to Take Competency Test

    Jakarta, 19 November 2013 - List of BKPM Civil Servant applicants who passed the Computer Assisted Test (CAT) and are eligible to take the Competency Test, as well as further details on the test, could be seen here

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  • Process of Doing Business Should Be Faster and Easier

    Jakarta, 19 November 2013 - No later than February 2014, all Indonesian citizen who want to do a business should enjoy the faster and easier process.

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  • Investors invited to enter growing cattle industry

    The Jakarta Post, 15 November 2013

     
     
    The government is encouraging local and foreign investors to invest in Indonesia's cattle industry not only in livestock breeding but also in storage and transportation facilities to help cater to the growing demand for meat, a senior official has said.
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  • Investors Called On to Contribute To Infrastructure Development

    The Jakarta Globe, 14 November 2013
     
     
    The government has called on private companies and investors to increase their contribution in the development of much needed infrastructure in Indonesia, said top Economic Minister, Hatta Rajasa, speaking at an annual infrastructure conference in Jakarta on Wednesday.
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  • Ore Ban May Slightly Affect Exports: BKPM Chief

    Jakarta, 09 November 2013 - Indonesia's ban on the shipping of unprocessed mineral ore should cut export revenue by no more than 10 percent next year, the country's investment chief said, as the controversial rule is relaxed to limit the impact on the economy.

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  • Process of Doing Business Should Be Faster and Easier

    Jakarta, 01 November 2013 - No later than February 2014, all Indonesian citizen who want to do a business should enjoy the faster and easier process.

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  • Foreign investors eye RI’s small islands

    Jakarta, 30 October 2013 - The beauty of the archipelago has charmed a number of foreign investors to pour some of their money into the development of ecotourism on Indonesia’s small islands.

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  • Mobile habits shaping around smartphone, tablets

    Jakarta, 30 October 2013 - Like a 21st century version of Inspector Gadget, tech-savvy Indonesians increasingly leave home with an assemblage of smartphones and tablets.

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  • Tab sales make PC makers quake

    Jakarta, 29 October 2013 - In less than four years since the introduction of Apple's iPad the commercially successful tablet that fired up the category it is already unhinging personal computers (PCs), whose commercial versions have been around for five decades.

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  • BKPM: Investment Realization in III Quarter of 2013

    Jakarta, 23 October 2013 – Today the Indonesia Investment Coordinating Board (BKPM) announced the realization of investments in the context of domestic investment (domestic)

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  • Indonesia's outlook is stable, with external pressures manageable: Moody’s

    Jakarta, 24 October 2013 - Moody's Investors Service has said that while Indonesia's Baa3 government bond rating is supported by relatively healthy growth prospects, structurally narrow fiscal deficits and low public indebtedness, 

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  • Tax Break Process May Get More Transparent

    Jakarta, 18 October 2013 - The Investment Coordinating Board will expand its online tracking system to include applications for tax allowances and tax holidays.

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  • Indonesia Seeks to Get Back its Manufacturing Spell

    Jakarta, 16 October 2013 - In PT Trisula International's hangar sized factory outside the western Indonesian city of Bandung, hundreds of workers stitch together clothes for some of the world's top brands.

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  • How to Make Indonesia More Attractive to Investors


    The Wall Street Journal, 8 October 2013 

     

    Mahendra Siregar is

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  • BKPM Civil Servant 2013 Eligible Applicants to Take CAT

    List of BKPM Civil Servant 2013 applicants who are eligible to take the Computer Assisted Test

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  • CEOs Are Positive Despite Global Turmoil

    The Jakarta Globe, 7 October 2013

     

    Chief executives from across the Asia Pacific region are growing in confidence about business prospects in the comingyear, despite the global economy still 

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  • Study claims US is Indonesia’s largest foreign investor

    Jakarta, October 4, 2013 - A recent study commissioned by AmCham Indonesia, the US Chamber of Commerce and USAID Indonesia suggests that existing official data may underestimate the scale of US investment in Indonesia

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  • Indonesia long way off rerun of 1997-1998 crisis

    Jakarta, September 30, 2013 - Despite exchange rate depreciation, high inflation and slower growth, the country is not likely to slip into another 1997-1998 crisis, says the International Monetary Fund (IMF).

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  • BKPM Civil Servant 2013 Submission Deadline Extended

    The deadline of BKPM Civil Servant 2013 submission has been extended to October 3, 2013. Official announcement could be read here.

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  • Siregar set for an uphill task

    The Jakarta Globe, 23 September 2013

     

    The appointment of Mahendra Siregar, currently deputy finance minister, 

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  • Removing Barriers and Boosting Cooperation in APEC Service Sector

     The Jakarta Globe, 19  September 2013


    Indonesian businesses are pushing 

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  • Recruitment of BKPM Civil Servant (CPNS) 2013

    BKPM opens up the opportunity for Indonesian citizens, men and women, with bachelor degree

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  • Japanese firms move into RI service sector

    Monday, 9 September 2013; JAKARTA - Indonesia is likely to see a shift in investment by Japanese companies as investors take full advantage of the country's huge population.

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  • Govt Expects Higher Tourism Growth Post 2012 Investments

    Monday, 02 September 2013

    JAKARTA - Indonesia is expecting big growth in the tourism industry in the years ahead after booking a record high of up to 210 percent in annual tourism investments last year from the year before.

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  • Investment on track in Q3, to meet full-year target: Agency

    Wednesday, 28 Aug 2013

    JAKARTA - Despite an investment slowdown in the last quarter, the country will still see domestic and foreign direct investment grow by double digits to more than Rp 100 trillion (US$8.82 billion) in the third quarter and achieve its ambitious full year investment target, an official says.

     
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  • Indian Businesses Set Sights on Indonesia

    The Jakarta Post, 27 August 2013

    An Indian business delegation comprising top executives from a dozen firms are on a visit to Indonesia to seek out fresh commerce and investment opportunities.

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  • Indonesia Not in Crisis Level as Conditions Haven't Deteriorated

    The Jakarta Globe, 26 August 2013    

    Even as Indonesia is facing a widening current account deficit and the rupiah slips in line with other currencies in the region, Indonesia isn't in a crisis, Finance Minister M. Chatib Basri said last week.

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  • Indonesia still at Top for Investment

    The Jakarta Post, 23 August 2013

    Indonesia remains the top destination 

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  • Investors weigh-up risks and rewards at Indo beef trade forum

    By James Nason, 23 August 2013

    Indonesian Government ministers have urged Australian businesses to seize the opportunity created by Indonesia’s booming economic progress to invest in the country’s cattle industry and beef supply chain.

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  • Higher Rates May Hurt Investors: BKPM

    The Jakarta Globe, 21 August 2013

     

    Bank Indonesia's recent increases in its key interest rate, 

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  • Diaspora to Discuss National Development

    The Jakarta Globe, 19 August 2013

     

    President Susilo Bambang Yudhoyono opens 

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  • ASEAN to Emerge as a Key Global Automotive Market and Production Hub by 2019, Says Frost & Sullivan

    The Jakarta Post, 15 Aug 2013                     

    The ASEAN region offers a significant opportunity to global automakers in the near to medium term, says Frost & Sullivan.

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