Indonesia: Among the happiest people
For many people, Indonesia is associated with Bali, resorts, 2002 bombings, and tsunamis. I was lucky to see a different Indonesia. Indonesian people proudly say that they have more than 300 languages. They proudly point out their Javanese, Balinese and
Islamic Bond Investment opportunities
The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest. Global sales of sukuk climbed to $18.1 billion in 2011, from $12.7 billion a year earlier,
Vision Indonesia 2030
JAKARTA, April 3 (Reuters) – Entrepreneur Chairul Tanjung was so dismayed by how Indonesia was blown off course by the Asian financial crisis that he felt his nation needed a big new goal to get back on track — becoming
Indonesia potential market for halal meat
Jakarta (ANTARA News) – As the biggest Muslim country in the world , Indonesia is a potential market for `halal` meat from other countries because domestic meat production is not yet able to meet the national needs, an importer said.
Jakarta Decleration on Halal Standards
WE, THE PARTICIPANTS of the ‘International Meeting on Halal Standards’ held on the 25th day of July 2010 in Jakarta – Indonesia, realizing the need to formulate and adopt a uniform world Halal Certification Standards for the Halal Certification Bodies/Authorities
Indonesia positions itself as a hub for Halal products
Indonesia became a standard reference for determining the kosher world together with Malaysia and Singapore. “The result of our agreement in this meeting, we equate kosher standards with reference to Indonesia, Malaysia and Singapore,” said President of the World Halal
Seminar on Halal Standard of Indonesia, November 25, 2010
LPPOM MUI will carry out a general meeting and seminar on Halal standard of Indonesia. The Internal Halal Auditors of their respective companies are requested to participate in this important event. The theme for the meeting is: “General Meeting and
Indonesian Ulemas want speedy debate of bill on halal products
Indonesian Ulema Council (MUI) has called on the House of Representatives and the government to speed up their deliberation of the bill on halal (permissible under Islamic law) products and pass it into law soon. “The law is a must
Ulema Council Plans to Regulate Indonesia’s Halal Imports
The country’s highest authority on Islamic affairs, the Indonesian Council of Ulema, is planning to insist that all imported food labeled as halal obtain the council’s own halal certification before it can be sold here. The council’s Food, Drugs and
Ulema Council (MUI) to ensure halal process with abattoirs
The Indonesian Ulema Council (MUI) pressed the Jakarta administration to ensure that city-appointed centralized poultry abattoirs observed halal procedures. A few weeks before the administration enforces regulations to scrap all poultry abattoirs from inner city areas, questions remain about how
Indonesia as the Islamic fashion capital
On pilgrimages to Mecca, Saudi Arabia, Indonesian Muslims are not only carrying out haj rituals, says a chief editor of a woman’s magazine.They have also unintentionally become real life models of Indonesian Islamic fashion, she says. Jetti R. Hadi, the
Indonesia listed among 3 Asian Markets With The Most Positive Outlook
According to Frank Holmes the CEO and Chief Investment Officer of U.S. Global Investors, Inc, Indonesia is one among the three asian markets with the most post outlook in Asia. The others are China and Singapore. Indonesia got out of
Iran, Indonesia to Boost Cooperation in Bourse, Private Sector
Iran and Indonesia agreed to boost mutual cooperation in the capital market and set up joint private companies in a bid to bolster economic ties and cooperation. Speaking to reporters after a meeting with visiting Chairman of the House of
Indonesia on verge of investment grade
Tired of all the talk of Europe’s debt woes and pending credit downgrades to old-world countries such as Portugal? Well, look to Asia for some more positive news — like countries taking steps to become economic giants on par with
Indonesia Sukuk Yields Fall From 2-Month High on Moody’s
Prospects Indonesia will get a credit-rating upgrade from Moody’s Investors Services are pulling down yields on government Islamic notes from a two-month high and improving the outlook for a second global sukuk. The yield on the Southeast Asian nation’s five-year
Indonesians exports to UAE reaches $1 billion worth of goods
According to the Indonesian Trade Ministry, bilateral trade between United Arab Emirates and Indonesia reached US$1.3 billion during the first eight months of this year. This was an impressive increase of 37 percent from $947 million during the same period
Indonesians can get E-passport in January
Indonesians will have two passport options starting in January of next year – the existing passport and a new version with a chip that contains the passport holder’s information. The passport with the chip, dubbed the e-passport, will be mandatory
Indonesia Stock Exchange Regarded Asia’s Best
Between January and October of 2010, the Indonesia Stock Exchange was considered the best in Asia. The progress is due to Indonesia’s positive economic fundamentals. Bank Indonesia announces in its monetary policy report that the Indonesia benchmark index keeps showing
Indonesian Islamic Fashions are in greater demand for Russian Muslims
As demand for stylish yet conservative fashion is on the rise in many Islamic nations, the representative clothes for Muslim women is entering a modernized era after a makeover on the hands of very innovative designers. The demand from Russia’s
Forbes list Indonesian billionaires
Despite recent volcanic activity, Indonesia’s star is shining bright. Its stock index has outperformed those of all other major Asian economies, up more than 50 per cent in dollar terms so far this year. Only Mongolia’s and Sri Lanka’s markets
Islamic loans helps Indonesia’s small business
Islamic loans targeting Indonesian small businesses have grown to dominate Shariah-compliant credit in the world’s most-populous Muslim nation, prompting the country’s biggest banks to expand. PT Bank Syariah Mandiri is adding branches in Java and Sumatra to offer so-called microfinance
Tourists floods to Indonesia, Govt to promote Eco cultural Tourism
Over 4 million tourists visited Indonesia over January-July 2010 period, which was a 13.49% increase year-on-year (y-o-y), according to figures from the Central Statistics Agency (BPS). The government has been optimistic to achieve its target of seven million of foreign
Growing demand for Islamic Fashions
Long known as feminine and demure, Indonesia’s traditional kebaya is headed for a makeover at the hands of innovative designers. Growing demand for stylish yet still modest fashions in the world’s most populous Islamic nation is helping power efforts to
Indonesia, Japan Sign $24 Billion Agreement on Transport-Network Projects
Coordinating Economic Minister Hatta Rajasa and Japanese Foreign Minister Seiji Maehara signed here Friday the Memorandum of Cooperation on the development of the Metropolitan Priority Area, worth ¥2 trillion (US$24 billion). President Susilo Bambang Yudhoyono witnessed the signing ceremony of
Indonesian economy is on the 16th place in global economic ranking
Coordinating Minister for Economy Hatta Rajasa said says that Indonesia`s economy has been on the 16th place in global economic ranking, above the previous projections. “The prospect of Indonesian economy will be better than previously projected,” said Minister Rajasa who
$4 billion infrastructure project in Indonesia
In its continuing efforts to boost infrastructure development, the government is offering three projects on Java Island to foreign and domestic investors at a total combined investment value of around $4 billion. “I think we can offer the projects by
Malaysian Islamic insurer will expand to Indonesia
Malaysian Islamic insurer Great Eastern Takaful will expand to Indonesia and Brunei to tap the Muslim market for sharia-compliant products, its chief executive officer said on Monday. The company, which is owned by a subsidiary of Singapore’s Great Eastern Holdings
Indonesian advertisement sector to.add $2.5 billion to the world economy
For Indonesians, the PC isn’t a computer, it’s a smartphone. While computer penetration is only 10%, mobile-phone penetration is fast approaching 60%, and 80% of all new phones are now internet-enabled. The must-have device is the BlackBerry, which, thanks to
Indonesia Call Center Market Analysis
The Indonesia Call Center market will continue its double-digit growth in 2011 as a robust economy with strong domestic consumption continues to drive investments to develop or expand Contact Centres. Analysts at APRG have just published their second edition of
Indonesian Telecommunication company’s 2010 net profit rises to $1.32bn
Revenue growth offset by jump in operating costs. PT Telekomunikasi Indonesia’s net profit rose slightly to IDR11.54 trillion ($1.32 billion) in 2010 from IDR11.40 trillion a year earlier as higher operating costs offset an increase in revenue, the company reported
