Indonesian Political, Business & Finance News

Archive: 17 October 2006

14 articles found

Ministry proposes concerted agricultural subsidy

Ministry proposes concerted agricultural subsidyJakarta (ANTARA News) - The Research and Development Agency of the Ministry of Agriculture has proposed to the government the launching of an integrated agricultural subsidy in order to regain Indonesia`s past success in food self-sufficiency such as...

Indofood to acquire 3 oil palm plantation firms

Indofood to acquire 3 oil palm plantation firmsJakarta (ANTARA News) - Publicly-listed Indofood Sukses Makmur (INDF) will acquire three oil palm plantation companies with a total value of Rp125 billion (US$12.5 million), a spokesperson said.

Govt hints to privatize PT PGN in November

Govt hints to privatize PT PGN in NovemberJakarta (ANTARA News) - The government hints that it will begin privatizing state gas distribution firm PT Perusahaan Gas Negara (PGN) probably in November this year.

World Bank to Join Toll Road Project

World Bank to Join Toll Road ProjectMonday, 16 October, 2006 | 14:01 WIBTEMPO Interactive, Jakarta: The World Bank will join financing the construction of the trans-Java toll road project that the government is offering.

Astra planning to expand business electricity sector

Astra planning to expand business electricity sectorJakarta (ANTARA News) - Largest automotive company PT Astra International (ASII) through its subsidiary is studying a new offer made by the Indonesian government to make investment in the private electricity sector, a spokesperson has said.

PermataBank's net profit increases 21.6 percent in Q3

PermataBank's net profit increases 21.6 percent in Q3The Jakarta Post, JakartaPermataBank reported an unaudited net profit of Rp 223.4 billion (about US$24.2 million) in the first nine months ending on Sept. 30, representing an increase of 21.6 percent from Rp 183.

National shrimp output projected at 350,000 tons to be achie

interesting fact is that Indonesia are the world biggest supplier of Shrimps ... I have visited Lampung and the shrimp farm and factory are bloody massive!

National shrimp output projected at 350,000 tons to be achie

National shrimp output projected at 350,000 tons to be achievedJakarta (ANTARA News) - The Ministry of Marine Resources and Fisheries believed that the 2006 national shrimp production projected at 350,000 tons, would be achieved.Made L.

Astra leads as vehicle sales up 21.5% in Sept.

Astra leads as vehicle sales up 21.5% in Sept.Andi Haswidi, The Jakarta PostThe Association of Indonesian Automotive Manufacturers (Gaikindo) has reported a 21.5 percent rise in vehicle sales, excluding motorcycles, in September to 34,100 units from 28,000 units in August.

Govt to put shares in 14 SOEs up for grabs

Govt to put shares in 14 SOEs up for grabsThe Jakarta Post, JakartaA minister has announced that the state will sell stakes in 14 state-owned enterprises (SOEs) next year to help improve their performances and finance the budget deficit.

Incentives for Investors Not Ready

Incentives for Investors Not ReadyFriday, 13 October, 2006 | 12:50 WIBTEMPO Interactive, Jakarta: The Department of Public Works has not yet settled on incentives that can be granted to investors in its bid on a number of projects for the second infrastructure meeting in early November of this year.

Pertamina and PLN Must Pay Karaha Bodas

Pertamina and PLN Must Pay Karaha BodasFriday, 13 October, 2006 | 15:00 WIBTEMPO Interactive, Jakarta: he Deputy Minister of State Enterprises, Roes Aryawijaya, stressed that PT Pertamina and PT PLN must pay the fine and interest to Karaha Bodas Company.

Trials and travails of Indonesia's richest man

Trials and travails of Indonesia's richest manBy Bill GuerinJAKARTA - Publicity-shy paper and plantation magnate Sukanto Tanoto is in Indonesia's national headlines after topping two high-profile lists.

Batam to be elected as RI-Singapore tourist gate

Batam to be elected as RI-Singapore tourist gateJakarta (ANTARA News) - The city of Batam will become a bridge of tourism and tourist destination between Indonesia and Singapore under a strategic partnership between Citilink, the low-cost based airlines and Singapore Tourism Board (STB).