Indonesian Political, Business & Finance News

Archive: 6 December 2006

6 articles found

RI offers 15 sectors for S Korea investment

Jakarta (ANTARA News) - Indonesia offered 15 sectors for investment to around 70 South Korean businessmen attending the 13th meeting of the Indonesia-South Korea Joint Committee for Economic Cooperation here on Monday. "Eleven of the sectors have already been filled by Korean businessmen," the head of the Capital Investment Coordinating Board, M Lutfi, said. He said the government would give a tax allowance namely a tax cut by up to 30 percent for six years to investors in the 15 sectors.

Indonesia has 19 billion ton coal deposits

Most of which is being torn from the heart of Papua, and not one penny will go to any Papuans.

Indonesia has 19 billion ton coal deposits

Denpasar, Bali (ANTARA News) - Indonesia has at least 19 billion tons of coal deposits that may replace oil and gas as a source of energy in the future, an Energy and Mineral Resources Ministry official said on Monday. "Only a small part of the coal deposits has so far been used as the country`s coal production reaches 150 million tons per year," the ministry`s director general for mineral, coal and geothermal energy, Simon F.

Import of machines, production tools up 10%

Jakarta (ANTARA News) - Indonesia`s imports of machines and production tools continue to increase by an everage of more than 10 percent per annum because most of these products are not yet produced at home, an Industry Ministry official said here on Monday. "Indonesia is not yet able to meet its need for these products in its effort to develop its industries," Director General for Metal Textile Machinery Industry Anshari Bukhari said here on Monday.

Redefining Indonesia's socio-economic strata

The commonly used term "middle class" has never really been defined and, if it has, this writer hasn't seen it. In 1997, an economic crisis redefined the value of the rupiah and its buying power at the pasar. Yet, marketers and academics alike continue using the old nomenclature in 9 cities of Indonesia, regardless of economic crises or steep inflationary spikes, although this is now gradually being corrected.

Open-source system sought for SMEs, ministries

To help protect intellectual property rights and reduce costs, the State Ministry for Research and Technology is urging state institutions, and small and medium enterprises to adopt open-source software for their computers.