Indonesian Political, Business & Finance News

Archive: 17 May 2006

10 articles found

Palm oil industry killing orangutans

oh so sad for the orangutan. I love orangutan

Palm oil industry killing orangutans

Palm oil industry killing orangutans Femke van den Bos, Jakarta It will only take up to two or three years of rain forest destruction if the current rate continues to determine the fate of the orangutan. The populations of orangutans that will still exist in 2008 will not be viable anymore and the damage done will be irreversible. The genetic pool of the orangutan will be too small to ensure the survival of the species.

Biodiesel to be Available as from May 20

Biodiesel to be Available as from May 20 Wednesday, 17 May, 2006 | 19:11 WIB TEMPO Interactive, Jakarta: PT Pertamina, the state-owned oil & gas company, is to start selling five percent Biodiesel - to be called as Biosolar - as from May 20. Biodiesel is made up of five percent palm oil and 95 percent automotive diesel. To start with, this new product will be sold at four petrol stations in Jakarta, on those on Jl. Industri, Jl. Simatupang, Jl. Tendean and Jl. Minangkabau.

Jakarta eyes palm oil for fuel

Jakarta eyes palm oil for fuel By Bill Guerin JAKARTA - Spiking global oil prices have fuel-importing countries everywhere examining the potential of lower-cost biofuels to save on their fuel bills and shore up national energy security. That's particularly true for Indonesia, which currently imports 30% of its energy needs but also boasts Asia's biggest bounty of the tropical resources used to produce the most efficient biofuels.

Government likely to terminate gas exports

At last, common sense seems to prevail.

BI: No fundamental reasons for rupiah to "continously fall

May 17 10:38 Bank Indonesia : No fundamental reasons for rupiah to "continously fall" Jakarta (ANTARA News) - Central Bank Indonesia governor Burhanuddin Abdullah said the market perceives no fundamental reasons for the rupiah to "continuously fall". Since the recent weakness in the local currency, some fresh foreign funds of about 200 mln usd have flowed back into the market, Burhanuddin was quoted by XFN-Asia as saying.

Government likely to terminate gas exports

Government likely to terminate gas exports The Jakarta Post, Jakarta In line with the government's plan to optimize gas utilization at home, a minister says he is considering the gradual halting of liquefied petroleum gas (LPG) exports.

Fears rise over investor confidence as govt warned against scuttling Cemex

Fears rise over investor confidence as govt warned against scuttling Cemex The Jakarta Post, Jakarta Independent experts have warned the government not to thwart the planned sale of Cemex's shares in PT Semen Gresik (SG) to local investor Rajawali Group as this would only further damage investor confidence in the country. "This debacle has only served to create new uncertainty among investors," said Centre for Strategic and International Studies (CSIS) economist Hadi Soesastro on Tuesday.

Govt to boost investment to accelerate growth

Govt to boost investment to accelerate growth The Jakarta Post, Jakarta The government will work hard to try to boost investment in the second quarter of this year in order to accelerate economic growth following a dismal first quarter performance, Finance Minister Sri Mulyani Indrawati has said. Sri said that weak investment was the main factor behind the slower economic expansion during the first three months of this year.

Tripatra got Cirebon power plant

yes, and especially at the moment, they are up to all sorts of tricky dealings.