Government to Build International Internet Backbone Monday, 15 May, 2006 | 16:34 WIB TEMPO Interactive, Jakarta: The government will build an international Internet backbone in Indonesia which will mean cheaper bandwidth prices for the general public. Basuki Yusuf Iskandar, the Director General of Posts and Telecommunication, said that some of Indonesia’s Internet traffic enters the international backbone in Singapore.

Electricity Tariff for Industry Monday, 15 May, 2006 | 17:01 WIB TEMPO Interactive, Jakarta: The State Electricity Company (PT PLN) will still put into effect a disincentive rate or Dayamax Program for industry using electricity at peak loads between 5pm and 10pm. High oil prices have caused the operational costs of PLN to increase sharply.

Considering for the highly depreciation economic pressure which could obstruction of macro economic stabilization, BI take some steps including of trying to make the rate of exchange value being stabilized. Monetary regulation, the arranging and transactions monitoring devise regulation and coordination between BI and The Government.

May 15 10:11 Rupiah lower vs dollar on technical rebound factor Jakarta (ANTARA News) - The rupiah fell against the dollar in early deals as the US unit saw a technical rebound after recent falls, dealers said. At 9:35 am, the rupiah was at 8,845/8,855 to the dollar compared to 8,730/8,735 on Friday. "I am not certain about what triggered the rupiah`s fall.

Minister says draft law will drive investment Benget Simbolon Tnb., The Jakarta Post, Jakarta Indonesia is banking on an investment draft law recently submitted to the House of Representatives to improve the business climate and the flow of investment into the country. The draft law would streamline procedures for doing business, for example cutting the time needed to establish a business to 30 days from the current 150 days, according to Trade Minister Mari Elka Pengestu.

Hefty dividend rumored for Bumi Resources investors The Jakarta Post, Jakarta Observers expect publicly listed mining concern PT Bumi Resources, the country's largest coal producer, to provide a hefty annual and interim dividend of Rp 200 per share to investors. The company will announce the dividend at the annual shareholders meeting Wednesday. Company president Ari S. Hudaya did not dismiss the rumors when questioned Sunday. "We'll certainly distribute a dividend.

Surf's up for Australian business in Indonesia Duncan Graham, Contributor Having surfing as a major interest on your resume probably wouldn't endear you to most bosses. Surfers don't have a great public image, despite SurfAid International programs in isolated areas of the archipelago where boardmasters have helped local villagers start health programs.