Car Rental in Batam City

When visiting Batam there are several options when you want to go around this beautiful island Batam. When arrived at the ferry terminal there encountered many official taxi or private taxi purposely rent for foreign tourists or local tourists. But if you want an exciting city trips and more freely set the the time then you can take option to rent a car. In Batam many firms car rental service that's recommended.
Here is his review:

How is the fastest way to Batam Island...?

Batam Maps

The capital of Riau archipelago in Bintan island, but for business purposes entrepreneurs more interested in coming to Batam. In this area was actually enacted three free trade zone covering Batam - Bintan - Karimun. In particular on the island of Batam ferry port selection is pretty much it, it would be quite difficult to choose the port where the ferry is best that you have to go the closest to your hotel in Batam, either from Singapore or Malaysia and otherwise. Whether you are a businessperson who pressed for time or a tourist who wants to relax, you'll want to choose a point of arrival or departure is not too far from your hotel. To help you choose the best ferry port for your trip, here's a quick guide to five major ports in Batam..........

Batam Great Sale 2012 in Pacific Hotel

End Year event Batam Great Sale 2012 is a continuation of Batam Great Sale 2011. as for the purpose of implementation is to further develop the passion and the economy of the Batam City with a special price offers and discounted rates or a massive sale for all visitors, especially foreign tourists Implemented within a certain period of the items specified.
Launched on 28 November 2012 at the Pacific Hotel Batam. 

Head of Tourism and Culture of Batam,

Sate Jumbo Resto at Nagoya, Batam (Kepulauan Riau)

hi ,,,,,,,,,everybody ,,,,sate jumbo at Danagraha building in Gazebo room Nagoya Batam really satisfied with the taste it was "amazing" please try it.........

Marine Batam Expo 2011 at Pacific Palace Hotel

Overlay Indonesia with 17,508 islands with a long coastline of more than 1 / 8 length of circumference of the earth, and sea area covering 5.8 million Km2, and the coverage area of 2.7 Km2 EEZ is a potential that cannot be ignored.

Also pointed out that, from a variety of Indonesian maritime potential, was only about 10% that is able to intake, and even this new level of exploitation of marine resources, although there are many other perspectives that certainly is an excellent business opportunity for entrepreneurs in the field of shipping.
Indonesia is one of the largest state in the business of marine, offshore, oil and gas, and one production area is the largest industry in Indonesia is Batam.

Why Batam, Riau Island, Indonesia

Indonesia is one of the largest state in the business of marine, offshore, oil and gas, and one production area is the largest industry in Indonesia is Batam.

Batam strategic location which the gateway entrance Marine industry, Offshore, Oil and Gas.

Batam predicted to be a shipyard industrial base or the largest shipyard in Southeast Asia, data from January to September 2010, there were over 19th companies from the Korean shipyard, Japan, Europe and the United States that would open a plant in Batam.

Sea depth in Batam is good enough to build the industry.

Batam provide specific land area of 6,700th ha with a coastline of more than 18th kilometers in the area of Tanjung Uncang

There are 170th – 180th over the number of Shipyards in Indonesia and more than 70th companies are located in Batam shipyard and always increased in every year.

The resources in quality skilled and able to compete Internationally.

MARINE BATAM EXPO exhibitions specializing in Shipping, Offshore buildings, the largest Oil and Gas in Batam - Indonesia, on the occasion of 2011 is organizing the 4th time, and on the occasion of the implementation in 2011 will further explore the potential of the maritime world environment-friendly and industry - shipping industry, offshore construction, oil and gas still consider the preservation of the environment.

MARINE BATAM EXPO 2011 is one event occasion where the meeting of business actors internationally marine world to collaborate with each other to increase the number of sales, expand networks and increase the prestige of the company.

MARINE BATAM EXPO 2011 has always been a very appropriate event for marketing and promotion of a particular company produck shipping industry, offshore Building, Oil and Gas.

Make a chance at Marine Batam Expo 2011 for the development of marine business, offshore, oil and gas.

Source: http://www.marinebatamexpo.com

Drydocks World subsidiary raises $265m

A Dubai-based marine geophysical company, in which Drydocks World Dubai has 9.4% stake, has secured financing to fund its newbuild orders and is on track to become one of the top five players in its field by 2012.
In a statement to the Oslo Bourse, Polarcus Limited said it has successfully completed new financing of $200 million to enable the reacquisition and completion of a 3D seismic vessel POLARCUS ALIMA, scheduled for delivery from the shipyard in Q1 2011. 3D seismic is used in exploring for oil and gas.
The new financing comprised a $65 million equity issue and a $80 million 5-year bond issue, both of which were significantly oversubscribed, and a $55 million loan facility.

It has also signed shipbuilding contracts for two additional high-end 12-14 streamer Ice Class 3D seismic vessels from Ulstein Verft AS of Norway, on “highly favorable terms”.
For these vessels, Polarcus said it has successfully secured $65 million through a related equity issue to partly finance the newbuilds, scheduled for delivery in the first half of 2012.
By 2012, Polarcus will have increased its modern fleet to seven from the current three, making it one of world’s largest players in 3D seismic along with CGS-Veritas, PGS, WesternGeco and Fugro.
Asked whether Drydocks World will keep its stake in the three-year old firm, Peter Zickerman, Executive VP and Head of Strategic Investments said: “We’re in a very good dialogue with them. They are content shareholder. Polarcus is also a good exposure for Dubai.”
In Septmeber, Drydocks World–Dubai, the region’s largest ship repair, conversion and new building yard, has delivered the third 3D seismic vessel to its Polarcus. Drydocks World is set to deliver two more vessels – Samur and Alima – to Polarcus next month.
Polarcus on Wednesday posted revenues of $56.3 million and EBITDA of $21.2 million, with three vessels in operation as well as positive Net Cash Flow from operating activities.
It said it has a robust backlog growth through the quarter, with six separate Letters of Intent received, including a strategically important 4D seismic acquisition ‘monitor' survey and undershoot for Eni, offshore Nigeria.
"We have continued to see robust growth in the fourth quarter, both of the high-end 3D seismic market in general, as well as our own internal development,” Rolf Ronningen, CEO of Polarcus, said.
Drydocks World, a unit of Dubai government conglomerate Dubai World, last month signed a $200 million credit facility with banks and will enter negotiations over amending the terms of its core syndicated debt facility.
The facility will be available until April 30 for drawing to provide working capital instruments, such as refund guarantees and performance bonds, to its trading counterparties in relation to new and existing contracts.
But just like in the case of Dubai World, the government of Dubai is unlikely to entertain talk of assets fire sale despite analysts’ bleak outlook on Drydocks World.
However, unlike the case of Dubai World, which last year agreed with all its creditors to restructure $25 billion debts, more strings are likely to be attached this time.
“Banks will eventually agree on a debt extension of some sort but not without a form of collateral or security,” Ahmad Al Anani, an associate director for the Middle East and North Africa at Exotix, an investment bank specialising in illiquid assets.
“Dubai sees Drydocks as a strategic long-term asset at the core of its vision so a fire sale of Drydocks assets is unlikely,” Al Anani said. “I expect the position of the government, as is in the case of Dubai World, would be to delay or avert asset sales where losses would crystallise.”

Why Invest in Batam

At the end of December 2007, Batam has accumulated a total of approximately U.S. $ 13.08 billion in investments consist of U.S. $ 2.61 billion from the government and the investment of U.S. $ 10.47 billion of private investment. Government invests in infrastructure development. Private investment consists of more than U.S. $ 5.71 billion of domestic investment, and U.S. $ 4.76 billion of foreign investment. More than 973 foreign companies operating in Batam, while the number of local companies, nearly 10,000.

Foreign investment application is processed with one-stop service policy in Batam. All permits and licenses required to start the construction process under one roof by a unit of investment services in Sumatera Promotion Center building. This unit is a policy of licensing and permits relating to investment that includes the Capital Investment Coordinating Board office, and Immigration Law, Labor, Taxation, Customs and Excise of Batam, and the Batam Industrial Development Authority. Batam is also the first city in the country implementing the National Single Window Pilot Project, the software was launched in late 2006. This system aims to reduce costs and handling the process of export and import customs duties and taxes & procedures at the port of Batam. In the long run, the expected product from Batam will become more competitive for the global market.

Companies operating in Batam are allowed to have up to 99% of foreign ownership. Visa on Arrival can be obtained for most of the foreign countries in Batam. Foreigners are also allowed to buy and own homes, even if they do not work in Batam. So, Batam can be home to two foreign countries. All this reflects the Indonesian government's commitment to fully support the development of Batam. The involvement of the private sector with strong support by the government is one of the ingredients for successful development.