Batam Business News
Digest of important and/or interesting Batam investment and business news from a variety of sources, with reader commentary.
Foreign investment in Batam up to 105 million us dollars

Batam, Riau Islands (ANTARA News)- A foreign investment of 105 million US dollars had been made in 91 companies in 2011 according to Batam Enterprise Agency (BP Batam).

"The manufacturing sector is still the largest contributor attracting 34 million US dollars in 35 foreign companies. In 2010, this sector was also the larg
Riau`s exports to seven main destinations fall

Pekanbaru, Riau (ANTARA News) - Riau province`s non-oil/non-gas exports to its seven main export destinations fell in July 2011, causing its overall exports to plunge 36.65 percent to US$1.229 billion from a month earlier.

"Overall, non-oil/non-gas exports to seven of 10 main destination countries declined," Head of the Riau Provinc
Batam to call tender for container port construction

Batam, Riau Islands (ANTARA News) - The Batam Free Trade Zone and Free Port (KPBPB) Management Board will soon call a tender for the construction of Batu Ampar container port, an official said.

"We will soon announce the tender soon," Head of the KPBPB Management Board Mustofa Widjaja said following an Idul Fitri get-together
Pangkalpinang to host international marine tourism seminar

Pangkalpinag, Babel, Sept 10 (ANTARA) - National and international tourism players will hold a seminar on international marine tourism at Novotel Hotel in Pangkalpinang, Bangka-Belitung (Babel) province from September 21-22, 2011.

"The seminar will be held as part of Sail Wakatobi-Belitung 2011 in a bid to promote Babel
Ferries from Batam full of holiday makers

Batam, Riau Islands (ANTARA News) - All ferries departing from Sekupang port in Batam in Riau Islands were full of Idul Fitri holiday makers on Saturday.

"Almost no seat is left unoccupied," port chief administrator Erwin Safrizal said.

He said most of the passengers went to regions in Sumatra such as Riau , Jambi and West Sumat
Money in circulation in Batam reaches Rp1.1 trillion

Batam, Riau Islands (ANTARA News) - Bank Indonesia (BI/the central bank) Batam office has predicted that a total of Rp1.1 trillion of money has been in circulation in Batam to meet the need for the post-fating month of Lebaran festivities.

"We predict that the money in circulation in Batam in the face of Lebaran day reaches Rp
Bintan to Build Airport to Serve Island Resorts

Bintan Resorts International, a Singapore-based developer, plans to complete construction of a private airport on an island in western Indonesia by 2014, allowing visitors to fly in from other countries and stay at its resorts here.

The company has developed resorts that cover 18,000 hectares in the northern coast of Bintan Isl
A lot of people think the Platong Gas II Offshore Project was a success in Batam.

Well here are some hard facts:

1. McDermott's is struggling and already under LD (Liquidated Damages) with Chevron due to delays.

2. Onshore works saw a near 60% weld rejection rate for piping.

3. Many subcontractors lost a lot of money on this job and have no chance of compensat
Batam`s wholesale market suggested to be Batik market

Batam (ANTARA News) - Batam city councilor Rekaveny has suggested that Jodoh wholesale market in the city be developed into a batik market.

"The market is not maintained properly and I think it is better to develop it into a batik market to support the designation of Batam as an ASEAN batik trade center," Rekaveny said he
Riau Islands exploit Internet to woo foreign investment

By Keith W. Rabin, New York

Indonesia’s economic success is one of many factors accelerating investor interest in Southeast Asia. This is a trend almost certain to accelerate as the region integrates, demonstrates superior growth, attractive cost and demographic fundamentals, and rising consumption and demand which c
Batam designated as ASEAN batik trade center

Batam (ANTARA News) - The Trade Ministry has designated Batam city in Riau Islands province as an ASEAN Batik Trade Center, a local trade official said.

"The Trade Ministry approved the designation of Batam city as an ASEAN Batik Trade Center yesterday," spokesperson of Batam`s Indonesian Chamber of Commerce and Industry (Kadin), Nada
Singaporeans sonstitute 57 pct of tourists in Batam

Batam, Riau Island (ANTARA News) - Around 57.87 percent of foreign tourists visiting Batam city in 2011 came from Singapore.

"The majority of foreign tourists in Batam are from Singapore, up to more than 57 percent," Head of the Batam tourism office Yusfa Hendri said here Monday.

Singapore has remained the largest
Batam to become ASEAN Batik trading center

Batam, Riau Islands (ANTARA News) - Batam city in Riau Islands, Sumatra, will be declared a batik cloth trading center for the ASEAN region in an exhibition and Batik production training center by the end of December 2011, a trade official said.

"Batam has been chosen to become a batik trading center for ASEAN member countries d
74,444 Singaporean tourists to Kepri in March

Tanjungpinang, Riau Island Province (ANTARA News) - The Central Bureau of Statistics (BPS) said that 55.71 pct of 133,620 foreign tourists visiting Riau Island Province in March 2011 came from Singapore.

The Singaporean tourists visiting Riau Islands (Kepri) reached 74,444, head of the Kepri BPS Mangaputua Gultom said here Monday.
Japanese companies defer investment plans in Batam

Batam, Riau Islands (ANTARA News) - Several Japanese companies have postponed their plans to invest in Indonesia`s Batam island after last month`s earthquake and tsunami, a spokesman said.

"True, several Japanese companies have postponed their investment plans. But I don`t know their exact numbers," Head of the Public Relations
Serious population boom threatens Indonesia

Batam, Riau Islands (ANTARA News) - The National Population and Family Planning Board (BKKBN) stated that the uncontrolled population boom could pose a serious threat to Indonesia due to its negative impacts on various sectors.

"The uncontrollable population growth can pose a serious threat and the outcome of an Indonesian populati
Indonesia, Singapore to develop BBK Free Trade Zone

Batam, Riau Islands (ANTARA News) - The Indonesian and Singaporean governments cooperate in the development of Batam, Bintan and Karimun into an industrial zone competitive against other such projects in Asia and the Pacific.

A Working Group set up by the two countries on Wednesday agreed to develop the electronic, shipbuilding
Indonesia, Singapore to develop BBK Free Trade Zone

Batam, Riau Islands (ANTARA News) - The Indonesian and Singaporean governments cooperate in the development of Batam, Bintan and Karimun into an industrial zone competitive against other such projects in Asia and the Pacific.

A Working Group set up by the two countries on Wednesday agreed to develop the electronic, shipbuil

EXPATS OPERATING businesses or consulting services in Batam are being alerted to be aware of a cabal of Immigration officials currently seeking to extort money over trivial or inconsequential technical breaches of Visa rules.

“We seem to be seeing a sudden rash of exploitative ‘errors’,&rdq
Huawei gets Indonesia submarine deal

Huawei is to build a submarine cable across the Straits of Malacca between Malaysia and Indonesia

Huawei Marine Networks has been awarded a contract for the Batam-Dumai-Melaka submarine cable project linking Malaysia and Indonesia. Huawei will offer end-to-end turnkey submarine system solutions for the project.

The BDM project will c
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