Indonesian Political, Business & Finance News

Archive: 11 January 2007

20 articles found

Five years after regional autonomy, dissatisfaction rising in resource-rich

When the government launched the regional autonomy policy in 2001, the reaction in Bali was positive and hopeful.With many Balinese seeing their island as Jakarta's cash cow, it was hoped that regional autonomy would stop the central government's heavy control of the resort island's income.

Govt finally sees light at end of the economic tunnel

Out of the tunnel and into the light, the government appears confident that 2007 will see higher growth resulting from the revival of real sector and the maintenance of the country's hard-earned macroeconomic stability.

Banks Start Looking at Bio-Fuel Business

TEMPO Interactive, Jakarta: The bio-fuel development program has begun to gain the attention of the banking sector.Several banks in Indonesia have started to get involved in financing bio-fuel businesses.

Indonesian-Malaysian jv to build palm oil center in Maluku

Jakarta (ANTARA News/Asia Pulse) - PT Indomal Usahasama, a joint venture between Indonesian and Malaysian investors, says it plans to build a US$1 billion Palm Oil Center on the island of Mangole in North Maluku.

CPO price may increase in 2007

Jakarta (ANTARA News) - Crude palm oil price in 2007 will likely rise on account of a high demand for the commodity in the world market when all the while its production capacity is not on par with the demand, an official said.

Jamsostek to finance low-cost housing, soft loans for SMEs

Ridwan Max Sijabat and Apriadi Gunawan, The Jakarta Post, MedanThe government will issue a new regulation allowing state-owned insurance provider PT Jamsostek to invest a part of its assets in the construction of housing for low-income workers and in labor intensive small and medium enterprises...

Expressways still in the slow lane despite urgent need

Last year, we finally witnessed the second Indonesia infrastructure conference being held in November, after being postponed several times.However, it is still too early to tell whether the projects put on the table during the summit will progress rapidly or end up like those from the first...

RI moving fast on biofuel development

Indonesia is laying the foundations to become one of the world's top biofuel producers in the coming years, with 59 energy firms and institutions inking 58 agreements Tuesday as their preliminary commitments to investing US$12.4 billion in the renewable energy sector.

Panic at JSX

Carnage!! It closes down 70 points, Total value loss 4%.

Panic at JSX

The nice thing about the JSX is you can almost bet your house that tomorrow will be a nice rally, so it's a great day to BUY, BUY BUY, especially PGAS

Panic at JSX

BLACK WEDNESDAY!!!I'm down about 10 million rupiah so far as the afternoon session opens. Here's a translated article.Rabu, 10 Januari 2007 13:01:19StockWatch (Jakarta) - The Jakarta Composite Index (JCI) was down sharply in the first session today (10/1) near level 1,700 at 1,712.

Pertamina Seeks Project Partners

State oil company Pertamina is seeking overseas partners to join it in $18 billion of projects aimed at raising production and fuel refining, Pertamina president director Ari Soemarno said.Pertamina, which is expected to have earned a record Rp23 trillion, or $2.

Regulation Soon on Nuclear Power

The government will soon issue a regulation on the licensing of nuclear reactors, paving the way for the construction of a nuclear power plant by 2010, an official said."The State Secretariat has verbally informed us of the regulation and will soon issue it," head of the Nuclear Energy Control...

Sun in New Deal on Cellular Content

Media company Sun Business Network (SBN), which reached an agreement to buy Maestro Mind International last month, has struck a new deal to purchase the holding company which owns 95% of PT Monstermob Indonesia, a leading mobile media service provider in Indonesia, Singapore’s Business Times...

Water Takeover Approved

Jakarta Governor Sutiyoso has approved the acquisition of tap water operator PT Thames Pam Jaya (TPJ) by Singaporean consortium Acuatico Ltd. after the committee assessing the acquisition process approved the takeover, The Jakarta Post reported.

Consumers Optimistic: Poll

Most Indonesian consumers are optimistic about 2007, with the further improvement of key economic indicators continuing to brighten prospects for jobs and personal finances, a survey revealed.The survey by AC Nielsen found that 68% of Indonesians have a good perception of where their personal...

Imports Rise in November

Official data issued Tuesday (2/1/07) indicated an increase in imports of raw material and capital goods, usually a sign that manufacturing industries are gearing up for higher production, Reuters reported.The country's trade surplus narrowed to $3.06 billion in November from $4.

Exports Hit New High

Exports grew 2.3% to a record high of $8.92 billion in November, according to data from the Central Statistics Bureau (BPS), while an increase in imports of raw material and capital goods indicated optimism among manufacturing industry.While the country's trade surplus narrowed to $3.

Indonesian, Chinese firms sign bio-fuel deal

A Chinese oil firm signed an agreement to develop a 5.5-billion-dollar bio-fuel project in Indonesia where conservationists have expressed concern over the threat to one of the world's largest remaining areas of pristine rain forest.

Oil Co's not enthusiastic about Indonesia

[Balibob] it's really quietened down in the last year though[Balibob] but it's more (or was) liberal than most small cities[Balibob] not so many bules now[Polar Bear] Why fewer bules BB?[Balibob] well Unocal as U know sold out to Chevron last year[Balibob] and Unocal had many Bules in...