Indonesian Political, Business & Finance News

Archive: 14 November 2006

14 articles found

RI`s rubber output to decline by 2% next year

0.26 million tons for domestic use. Thats a buch of condoms.....

State Bank Holding Company May Be Set Up

TEMPO Interactive, Jakarta: There is a possibility that the government will set up a new company to be called the Indonesia Bank Holding Company, that will manage the activities of all currently existing state banks.

US Chamber suggests RI reform investment, tax regulations

Jakarta (ANTARA News) - Indonesia needs to reform its regulations on investment and taxation as well as promote liberalization in the manpower sector to lure foreign investors including those from the US, a US buisnesman said.

RI`s rubber output to decline by 2% next year

Jakarta (ANTARA News) - The Indonesian Rubber Producers Association (Gapkindo) has predicted that the country`s rubber output in 2007 will drop by 2 to 3 percent from a year earlier because of the high precipitation in the December 2006-February 2007 period.

Chinese company offers to cooperate with Badung district

Denpasar (ANTARA News) - A Chinese company in Guangzhou, Dong Fang International Travel Service Co. Ltd , has offered to cooperate in tourism promotion with Badung district in the Indonesian island resort of Bali, a local official said.

Riau Islands eyes share in Natuna's oil, gas fields

The local government of the Riau Islands province plans to ask for ownership in oil and gas fields being developed in its Natuna Sea area, amid ongoing contract negotiations for the D-Alpha block.Besides the particular gas-rich block, the contract for which the Indonesian government had recently...

Pertamina May Get Subsidized Supply Rights

Downstream oil and gas regulator, BPH Migas may give state oil firm PT Pertamina exclusive rights to supply and distribute subsidized oil products in 2007 as private firms do not have the necessary network, its chief said Tuesday (7/11/06).

Investors Sought for Bontang Coal Plant

Indonesia is seeking investors to build a plant to supply coal steam to the Bontang liquefied natural gas (LNG) facility that uses natural gas to generate electricity, Mines and Energy Minister Purnomo Yusgiantoro said on Thursday (9/11/06).

Adhi Karya Eyes 65% Profit Rise in 2007

State construction company PT Adhi Karya expects to post a 65% increase in its net profit next year as the company will sign more projects, president director Saiful Iman said Wednesday (8/11/06).Adhi Karya's net profit is likely to reach Rp150 billion ($16.

Jasa Marga Delays IPO to Early 2007

State-owned toll road firm PT Jasa Marga said it has postponed a planned Rp2 trillion ($219.6 million) initial public offering to the first quarter of 2007.The firm said in September it planned to list 15% of its shares on the Jakarta Stock Exchange in November to raise funds to finance the...

BKPM to Adopt New Statistical System

The Investment Coordinating Board (BKPM) is planning to revamp the way it records the flow of investment into the country so as to better reflect what is actually happening."The current system is inaccurate," BKPM chief, M Luthfi said Monday (6/11/06), according to The Jakarta Post.

Jakarta Paves the Way on Works Projects

Indonesia’s efforts to get delayed infrastructure projects off the ground inched forward as foreign and local investors at the recent infrastructure conference were encouraged by a government pledge to offer financial backing for private investors in state-sponsored ventures, The Wall Street...

Consumer Confidence Index at 14-Month High

The consumer confidence index rose to 98.1 points in October, its highest mark in 14 months, up from 96.1 points in September, a central bank survey showed Wednesday (8/11/06), according to Agence France-Presse.

Share Market Booms

The Jakarta Stock Exchange continues to hit new highs, with the composite index hitting a new record on Friday (10/11/06) after Bank Indonesia (BI) dropped its key rate by 50 points to 10.25%.The composite index rose to 1,673.125 before falling off to close at 1,664.837.