BI rate cut seen as positive sentiment for property business Jakarta (ANTARA News) - Developers consider Bank Indonesia`s decision to lower its rate by 50 base points to 10.75 percent to be a positive sentiment for developemnt of the national property business, an industry spokesman said.

Government Optimistic that Growth of Exports Reach 17 Percent Friday, 06 October, 2006 | 14:26 WIB TEMPO Interactive, Jakarta: The government is optimistic that by the end of year export growth will reach 17 percent. This number is higher than the target stated in the mid- term development plan until 2009, which was between eight and ten percent. “We are optimistic that the growth of 14 to 16 percent can be reached.

Not Many Investors for Four Electric Projects Thursday, 05 October, 2006 | 16:12 WIB TEMPO Interactive, Jakarta: Four out of 10 electric projects are being re-tendered because only two investors are interested. The four projects are the 1,200 MW Steam-Powered Electricity Plant (PLTU) Tanjung Jati (Central Java), 900 MW PLTU Teluk Naga (Banten), 600 MW PLTU Pelabuhan Ratu (West Java) and 900 MW PLTU Pacitan (East Java).

Bureaucracy Hinders Growth of Credit Thursday, 05 October, 2006 | 15:48 WIB TEMPO Interactive, Jakarta: The government has been asked to improve the system of bureaucracy which is related to the business world. Economists have evaluated that without improvements to bureaucracy, Bank Indonesia's attempts to decrease the BI Rate will not have an optimum effect on the real sector.