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Midea invests 2 million US dollars in Indonesia |
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Friday, 25 June 2010 14:00 |
Chinese electronic company Midea Electronics invested an initial 2 million US dollars to enter the Indonesian market.
"By building a joint company, Midea is officially operating in Indonesia with an initial capital of 2 million US dollars," President Director of PT Midea Planet Indonesia (MPI) Jino Sugianto said after launching Midea Brand at Hotel Indonesia Kempinski in Jakarta on Wednesday.He said the money will be used to expand the marketing network.
He said that he became interested in entering the Indonesian market because the country has a very large population.
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Indonesia has potential as biggest fish exporter |
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Friday, 25 June 2010 14:00 |
Consultant of the Food and Agriculture Organization (FAO) Erik Hempel said Indonesia may be the world`s biggest fish exporting country.
"We know that Indonesia has big fish resources and therefore may have the potential to become the most fish exporter," Erik Hempel told a national workshop in Banda Aceh Tuesday.
Erik Hembel said the impost important key to become an exporter is the need to develop information and international trade regulations.
The per capita fish consumption in the world had been increasing and predicted that in 2010 the world fish production will reach 150 tons, so that the chance to become the biggest fish exporting country may be realized.
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Egypt opens market for Indonesian products |
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Thursday, 24 June 2010 14:00 |
Egypt said it was committed to opening its market and chances for Indonesia`s small-and-medium enterprise (SME)`s products.
"I was invited by the Egyptian authorities and they expressed admiration at Indonesia, which can produce handicrafts from the source of a variety of materials, and that`s why they expressed readiness to accept all our SME products," said Minister of Cooperatives and SMEs, Sjarifuddin Hasan, in Jakarta, this weekend.
He said the Egyptian government`s commitment to open its markets for Indonesian SME products is a great advantage because Egypt is a gateway to European countries and Africa.
Indonesia and Egypt also have agreed to organize an exhibition of SME products produced by two countries.
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Saudi investment in Indonesia reaches $8 billion |
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Thursday, 24 June 2010 14:00 |
The Saudi government has invested around US$8 billion in Indonesia since the two governments established cooperation 50 years ago, a spokesman said.
The Saudi government invested US$2 billion in Indonesia in the early days of the cooperation, spokesman for the Saudi Embassy in Indonesia Ahmad Ali Kattonah said here on Monday.
"The increase in investment was the result of good bilateral cooperation particularly in the economic field," he said.
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North Sumatra`s q1 exports to China up 21 pct |
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Monday, 14 June 2010 14:00 |
North Sumatra`s exports to China in the first quarter of 2010 rose 21.10 percent to US$247.153 million from a year earlier.
The export performance was encouraging amidst concern about a glut of Chinese products into Indonesia following the coming into force early this year of ASEAN-China Free Trade Agreement (ACFTA), Head of the North Sumatra Provincial Statistics Office Alimuddin Sidabalok said here on Saturday.
He said North Sumatra in the first quarter of 2010 enjoyed a surplus of US$37.020 million in its trade with China. Over the period, North Sumatra`s exports to China totaled US$247.153 million while its imports from the Asian economic giant reached US$210.133 million.
Hopefully, North Sumatra still would see a surplus in its trade with China this year despite the fact that its first-quarter exports to China grew 21.10 percent while its imports from the latter rose 36.28 percent, he said.
"If China remains the biggest importer of North Sumatra`s crude palm oil and natural rubber this year, North Sumatra will still enjoy a surplus in its trade with China," he said.
Judging by the 36.28 percent increase in North Sumatra`s first- quarter imports from China, Chief of the North Sumatra Chapter of the Indonesian Businessmen
Association (Apindo) Parlindungan Purba said the association would again ask the government to tighten its control of imported goods particularly illegal ones from China.
Moreover, the increase in the import of goods from China had narrowed the trade surplus to about US$30 million, he said.
Chinese goods were expected to flood the domestic market particularly ahead of religious holidays, he said.
"Although Indonesia and China have reached a free trade agreement it does not mean that the government is no longer obliged to protect domestic products, |
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