Indonesian Political, Business & Finance News

Archive: 31 October 2006

4 articles found

Growth too slow for comfort in Indonesia

JAKARTA - As Indonesian President Susilo Bambang Yudhoyono enters his third year in office, the world's most populous Muslim country is widely viewed simultaneously as one of the region's most stable democracies yet one of its most unpredictable economies. Yudhoyono's pro-business government has successfully stabilized the country's macroeconomy.

Investors Hunting for SOE Shares

TEMPO Interactive, Jakarta: Shares of State-Owned Enterprises (SOEs) will become the focus of attention of market players this week. This is triggered by the government's plan to issue the blueprint of SOEs privatization as part of its policy package in the monetary sector, which will be released next month. This step will be a signal of the beginning of the government selling off shares in various SOEs.

Doubts over Investment Growth Target

TEMPO Interactive, Jakarta: Sofjan Wanandi, Head of the Association of Indonesian Entrepreneurs, has said he doubts the government's investment growth target of 10.5 percent by the end of 2006. The Infrastructure Summit is considered of not being capable of boosting the investment target by around Rp60.824 trillion that must be achieved within the last two months of 2006.

Pertamina Asks for Biosolar Materials Price Mechanism

TEMPO Interactive, Jakarta: PT Pertamina (Persero) is asking that the government re-examine the price mechanism of biosolar raw materials such as fatty acid methyl ester (FAME). The reason for this, according to Hanung Budya, Pertamina’s Deputy Director for Marketing and Trade, the price mechanism for processed palm oil which will be mixed with diesel fuel to become biosolar could cause the company losses.