Indonesian Political, Business & Finance News

Archive: 31 December 2006

5 articles found

Internet connections creeping back as operators up capacity

Internet connections creeping back as operators up capacity Andi Haswidi, The Jakarta Post, Jakarta The country's internet capacity slightly improved Friday as major telecommunication operators succeeded in rerouting connections to several foreign backbones and a satellite link.

Tax incentives needed to spur business growth, says analyst

Incentives should be given to businesses to improve their productivity and increase their taxable incomes, an economist says. Aviliani said increased production would ensure businesses ended up paying more tax, allowing the government to meet revenue targets. Taxation director general Darmin Nasution estimated Wednesday revenues from taxes as of Dec. 22 would be at 97.5 percent of the Rp 371.7 trillion (about US$40.4 billion) government target.

Palm oil producers facing more demanding costumers

The fourth Round Table on Sustainable Palm Oil (RSPO) session, which was held recently in Singapore, clearly shows that while the demand for crude palm oil, including for bio-diesel fuel, will continue to increase in coming years, it is just a matter of time for CPO producers to face more demanding consumers. Of course they want cheaper price but better quality.

PLN will sign power plant contracts despite protest

Defying protests from other bidders, state electricity firm PT Perusahaan Listrik Negara (PLN) will go ahead with its plan to sign a letter of intent next week to formally name China National Technical Import & Export Corp. (CNTIC) and Harbin Power, also of China, as the winners of the tender for the construction of two 600 megawatt coal-fired power plants in Suralaya in Banten and in Paiton in East Java, respectively.

Indonesia eyes 5.5 million overseas tourists in 2007

Indonesia should also issue visas-on-arrival for more than 30 days, and allow tourist visas to be extended within the country. 30 days is nowhere near enough for a country this size.