Indonesian Political, Business & Finance News

Archive: 16 May 2006

2 articles found

Tripatra got Cirebon power plant

Tuesday, May 16, 2006 Tripatra got Cirebon power plant It's just another friend. Bakrie Power lost the bidding to build 600 MW power plant in Cirebon, but it paves the way for Tripatra Engineering-Marubeni-Samtan-Komipo. While its competitor, India's Essar Group is given five days to file objections, it's almost certain that Tripatra would secure the project, newspapers reported today.

Rupiah weakens significantly on Tuesday

May 16 15:25 Rupiah weakens significantly on Tuesday Jakarta (ANTARA News) - The rupiah exchange rate against the US dollar decreased to Rp9,200/9,210 in the spot market here Tuesday morning, dwindling by 205 points from Rp8,895/8.900 when the Indonesian currency was traded on Monday. "The market was dominated by significant rupiah`s selling on Tuesday so that the currency continued to become weak," Bank Saudara firm`s foreign exchange analyst Yusuf said here Tuesday.