Commodity
Govt likely join TPP trade bloc if regional comprehensive economic partnership stalls | The Jakarta Post
(The Insider Stories) — Indonesia’s government seems to have softened its stance over the initiative for a free-trade pact with the U.S. and other Pacific countries, saying entry into the negotiations would depend on trade agreements with key partners in the region, The Jakarta Post reports. Trade Minister Gita Wirjawan hinted that Indonesia would possibly Full Article
Indonesia could benefit Pakistan Thar coal project | Wires
(The Insider Stories) — Indonesia’s experience with coal developments could benefit Pakistan’s multibillion dollar Thar coal project, while the Indonesia-Pakistan Preferential Trade Agreement (PTA) could double bilateral trade from around US$1 billion currently, the country’s representative to Pakistan says, according to wire service reports. Ambassador Burhan Muhammad told the Karachi Chamber of Commerce and Industry Full Article
Govt to Open New Garlic Farms, Import Shallots to Curb Soaring Prices | Kompas
(The Insider Stories) — The Indonesian government announced on Wednesday it would open new garlic farms and import 60,000 tons of shallots in the latest move to curb soaring prices of the commodities. “We will reduce the dependency in stages. We will add between 1,000 and 2,000 hectares for garlic Full Article
WTO Must Strengthen Rule-Based Framework | Wires
(The Insider Stories) — Mari Elka Pangestu, Indonesia’s minister for tourism and creative economy and candidate for the position of WTO Director-General, today underlined the importance of continuing to strengthen rule-based framework of the WTO and making progress in multilateral negotiations. “We need a stronger political will to guide Geneva negotiators to ensure deliverables at the Full Article
UAE’s Mubadala Petroleum is operator of West Sebuku PSC
(Insider Stories)-UAE-based Mubadala Petroleum along with Japan’s top oil and gas explorer, Inpex Corporation, has been awarded the Production Sharing Contract (PSC) for the West Sebuku block located near Indonesia’s Makassar strait, reflecting increasing interest from Middle Eastern nations to invest in Indonesia. Mudabala said in a statement over the weekend that the PSC was Full Article
Cargill to Export Gerkens Cocoa Powders to Indonesia | Wires
(The Insider Stories) — Cargill has been granted National Standard of Indonesia (SNI) certification for its Gerkens cocoa powders produced in the Netherlands, enabling it to export the powders to Indonesia, wires report. Job Leuning, business development director for Cargill Cocoa & Chocolate, is reported as saying: “Indonesia is an important country in a vital region. Full Article
Indonesia has Scope to Capture More India Inc. Investment in Autos, Food, Infrastructure | Insider sector data
India’s companies have yet to make serious inroads into Indonesia but Southeast Asia’s biggest economy has potential to capture more outbound M&A, as rising incomes and more skilled workers boost growth in sectors like food, manufacturing and resources while improvements to the regulatory environment slowly open up a huge potential infrastructure market, Indian government and Full Article
Aksa Mahmud Wants Bosowa Five Times Bigger | Insider executive data
(The Insider Stories) - Muhammad Aksa Mahmud, the founder of Bosowa Corporation, a Makassar-based conglomerate with diversified businesses, has shown his entrepreneur spirit since he was a little boy. Since he was in elementary school, Aksa, who comes from a farmer family, already learned to sharpen his business intuition. “I used to sell candies, traditional Full Article
INSIDER HEADLINE : Indonesia Trade Ministry Issues Garlic Import Permit -Kontan
March 14 (The Insider Stories) — Indonesia’s Ministry of Trade has issued permission to import up to 134,600 metric tons of garlic, Kontan newsportal reported late Wednesday, after the price of the food product gained up to sevenfold in some areas of Indonesia in recent weeks. Kontan quoted Bachrul Chairi, a director general at the Full Article
INSIDER COMPANY: Atlas Resources Says Plans to Buy Mines, Adds Executives
(The Insider Stories) — Indonesia coal producer PT Atlas Resources Tbk (ARII) plans to acquire three coal mining concessions and is studying the possibility of joint operations with two other coal companies in Kutai, South Kalimantan. Some of the companies it is looking at are greenfield and some are brownfield. “We will finance this plan Full Article
