Friday, May 18, 2012
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EuroCham News

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EuroCham issues Indonesia Country Report for Q1 2012

Every quarter, EuroCham's Executive Board publishes a country report, distributed to EuroCham Members and select third parties, giving a commentary on the political, social, economic and business issues in Indonesia. The recent Q1 2012 issue highlights developments...

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EuroCham joins socialisation of new import license regulation

On 3 May EuroCham and its member companies, together with local and foreign associations participated in the socialisation of Minister of Trade Regulation 27:2012, which will have significant impact on the import activities of many companies. The socialisation...

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Line up for Green Building Excursion announced

At EuroCham's recent property working group meeting, the building line up for the upcoming Green Building Excursion to Hong Kong was announced. The buildings include a range of Platinum rated offices such as Interntional Commercial Center (ICC) which is a...

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Policy and Business News

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Jakarta Green Buildings Code to be drafted

IFC (World Bank) is helping the Government of Jakarta to develop what they call a "Green Buildings Code". This will result in a regulation that has certain energy/water efficiency requirements for buildings. Indonesia's building sector accounted for more than a quarter of total energy use in 2004—a share that is expected to increase to nearly...

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Indonesia remains on IPR priority watch list

In the recently published 301 report of the United States Trade Representative (USTR) on IPR Indonesia remains on the Priority Watch List. Other countries on the priority watch list include Argentina, Canada, India, Algeria, Chile, Israel, Pakistan, Thailand, Ukraine and Venezuela. According to the report Indonesian authorities made positive efforts...

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S&P forgoes rating upgrade due to Indonesia's negative policy developments

Indonesia's recent policy has resulted in ratings agency Standard and Poor's forgoing an expected upgrade in its credit rating to investment grade. S&P kept a positive outlook  and lauded record first-quarter foreign direct investment figures, however it highlighted policies in the mining sector and postponing the fuel price hike as negative...

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EuroCham Member News

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Garuda and Airbus sign USD 2.5 billion deal for 11 aircraft

Garuda has signed an agreement to buy 11 Airbus A330-300 aircraft for a total of USD 2.5 billion to expand its fleet. The deal was signed by Garuda Indonesia president director Emirsyah Satar and Airbus program vice president Tom William, witnessed by President...

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EU News

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EU suspend most Burma sanctions

The European Union has suspended its sanctions against Myanmar for a year, but will retain an embargo on arms sales. The measure were adopted by the EU's foreign ministers at a meeting in Luxembourg.

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European Commission imposes EUR 169 million fine on freight forwarders for operating price fixing cartels

The European Commission has fined 14 international groups of companies a total of 169 million euros for participating in the period 2002-2007 in four distinct cartels aimed at fixing prices and other trading conditions for international air freight forwarding services,...

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EU endorses Serbia as member candidate

European Union leaders have formally endorsed Serbia as a candidate for membership in the 27-nation bloc. Serbia began the application process in 2009. Being granted candidate status is only an initial step on the road to EU membership for Belgrade. They will still...

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ASEAN News

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ASEAN-EU mark 35 years of partnership

Thirty five years of partnership and cooperation were marked when ASEAN and EU Foreign Ministers, the High Representative of the EU for Foreign Affairs, and the Secretary-General of ASEAN met in Bandar Seri Begawan for the biannual ASEAN-EU Ministerial Meeting...

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ASEAN member states welcome EU suspension of sanctions on Myanmar

ASEAN Secretary General Dr Surin Pitsuwan said that, "All ASEAN Member States welcome the suspension of sanctions on Myanmar.  We have called for this soon after the country's general elections in 2010, and we reiterated our call immediately after the by-elections...

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Cambodia’s stock market starts trading

Cambodia joined the capital markets on Wednesday 18 April as its own stock market opened for trade in a bid to attract foreign capital to the Southeast Asian nation. Trade started with one stock – Phnom Penh Water Supply Authority. The start of trade comes nine...

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EuroCham publishes a weekly e-newsletter which contains updates on our events and activities as well as news on trade and investment issues in Indonesia and ASEAN. The newsletter is distributed to more than 1.000 unique recipients from the European business and diplomatic circles. If you want to join our mailing list, please email:

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Position Papers 2011

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Keeping the European Commission and EU Member States informed about Indonesia's business environment, Position Papers also provides recommendations to the Government of Indonesia.

View or download Position Papers now

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