Indonesian Political, Business & Finance News

Archive: 13 December 2006

17 articles found

SBY: Corruption is Still Haunting Us

i'll audit you and you can audit me and we'll all audit each other. Everything's gonna be fine

SBY: Corruption is Still Haunting Us

TEMPO Interactive, Jakarta: President Susilo Bambang Yudhoyono affirmed that corruption is still haunting Indonesia despite his evaluation that there has been improvement during the last two years. “Quite a high index of corruption perception in 2006 has signaled that corruption is still haunting...

Soros meets House Speaker in Jakarta

Jakarta (ANTARA News) - George Soros, a global financier and philanthropist, is currently in Jakarta and met with Indonesian House Speaker Agung Laksono at the Parliament Building here on Tuesday.Soros also held a meeting with members of the Indonesian Parliament`s Caucus for Myanmar when visiting...

Soros: Corruption Still Hampers Indonesia's Economics

Who's to blame?

Soros: Corruption Still Hampers Indonesia's Economics

Originally posted by: KuKuKaChu“When will Indonesia awaken? Indeed, that my friends, is the trillion dollar question...

Soros: Corruption Still Hampers Indonesia's Economics

TEMPO Interactive, Jakarta: Billioner George Soros said that the strong corruption practices and the weak law enforcement in Indonesia have been the main cause of low economic growth.“East and South Asia have grown rapidly, but Indonesia does not participate in it,” Soros told Tempo in a...

Bumi Suspected of Committing Insider Trading

TEMPO Interactive, Jakarta: The Jakarta Stock Exchange (JSX) is still tracing allegations of insider trading over shares transactions of PT Bumi Resources . The incident occurred prior to cancellation of divestment to three of its subsidiaries: PT Kaltim Prima Coal, PT Arutmin Indonesia, and PT...

Foreigners Invade Local Banks

TEMPO Interactive, Jakarta: Foreign banks are more eager to buy banks in Indonesia. Currently Bank Indonesia (BI) has received plans from theCommonwealth Bank (Australia) which will acquire PT Bank Artha Niaga Kentjana and the Bank of India to take over PT Bank Swadesi.

Indonesia's Financial Market Hits Record

TEMPO Interactive, Jakarta: The composite stock price index at the Jakarta Stock Exchange during the year has shown a remarkable achievement.From January up until closing trade last week, the index has recorded an increase of 52.69 percent from the level of 1,162.635 on 2 January to 1,775.

New Fixed Line Licenses to be Issued in 2007

TEMPO Interactive, Jakarta: The government will issue licenses for providing new fixed telephone lines in the first quarter of 2007.Gatot S. Dewa Broto, spokesperson of the Post and Telecommunication Directorate General at the Information and Communication Department, said the new licenses are...

Indonesia to serve as car production, export base: minister

Jakarta (ANTARA News) - Industry Minister Fahmi Idris said Indonesia was expected to serve as a base for the production of export-quality cars to increase the country`s car exports in an effort to offset the gloomy market at home.

Govt to complete telecommunication service implementation

Jakarta (ANTARA News) - The government will quickly complete an opportunity to empower telecommunication sector by reopening business opportunity in telecommunication industry following a reform in thetelecommunication sector, an official said.

Indonesia, Malaysia agree to cooperate on palm oil development

Padang (ANTARA News) - Some Indonesian and Malaysian palm oil businessmen were reported to have reached an agreement to overcome problems which may hamper palm oil development in the world."The objective of the cooperation is to minimize and if possible, to eliminate all kind of obstacles that may...

Commonwealth Bank of Australia plans to buy Bank ANK

<>Jakarta (ANTARA News) - Bank Indonesia deputy governor Siti Fajriah said the Commonwealth Bank of Australia has expressed interest in acquiring Bank Arta Niaga Kencana (Bank ANK)."Commonwealth Bank is planning to acquire 65-70 pct of Bank ANK," Fajriah told reporters on the sidelines of a...

Is that a bank account or a lottery ticket?

The penetration of the major financial products in Indonesia today is still very low.We know that only one in five people above the age of 14 have a bank account, any kind of transaction account. Some have more than one account, some have several, in more than one bank.

Pertamina launches Biopertamax

Supporting the government's program of promoting alternative energy, state oil and gas firm PT Pertamina launched its first Biopertamax product Monday."This is a continuation of Pertamina's program to promote green energy after the launching of Biodiesel in April and Biopremium in August,"...

RI mulls new standards to curb sales of low-quality products

Andi Haswidi, The Jakarta Post, JakartaResponding to the complaints from the electronics industry about the mushrooming of potentially hazardous, low-quality goods, the government is currently preparing the launch of a quality standard to prevent such poor quality goods being sold.