Indonesian Political, Business & Finance News

Archive: 18 January 2007

15 articles found

Open Source Viewed as Not Obstructing Government's Activities

TEMPO Interactive, Jakarta: Judith M.S., Head of the Indonesian Internet Café or Warnet Association, has said she considered that the government's activities will not be hampered by the utilization of open source software.There could be some obstruction when the migration process is carried out.

Businessmen say investment climate yet to improve

Jakarta (ANTARA News) - Investment climate in Indonesia has yet to improve and attract investors from Thailand, Indonesian Textile Producers Association (API) chairman Benny Sutrisno said here on Wednesday.

Low cost housing for the masses: how close are we?

The need for providing low cost housing in the cities has been acknowledged, but many stumbling blocks still lie ahead.As land becomes scarcer, residential areas in the city center are a privilege reserved for the upper income classes of society.

JobsDB moves to expand consumer base

PT JobsDB Indonesia, one of the largest online job placement companies in the country, has invested a total of US$300,000 in hardware infrastructure this year to improve services for its customers.The company has acquired an additional 21 blade server computers, JobsDB Indonesia managing director...

SBY promises incentives to up gas output

President Susilo Bambang Yudhoyono said Tuesday the government would further ease investment procedures and offer more incentives to attract foreign investors to develop the country's untapped gas reserves.

Papua Moves to Acquire Stake in Freeport

Papua’s provincial administration is negotiating with PT Freeport Indonesia on a 9.36% stake offered by the US copper and gold mining company.Freeport earlier said it would sell the stake for $1 billion.

Pertamina Plans Rp15t Capex for 2007

State oil and gas firm PT Pertamina is earmarking capital expenditure (capex) of Rp15 trillion this year, with about 87% going to the upstream oil and gas business, finance director Frederick Siahaan said.

RI, Energy Firms Ink $12.4b Bio-fuel Deals

Indonesia is laying the foundation to become one of the world's top bio-fuel producers, with 59 energy firms and institutions inking 58 agreements on Tuesday (9/01/07) as their preliminary commitment to invest $12.4 billion in the renewable energy sector, The Jakarta Post reported.

BI Eyes Incentives for Banks to Boost Loans

Bank Indonesia on Friday (12/1/07) unveiled a policy package aimed at boosting domestic commercial bank sector lending and economic growth, Dow Jones Newswires reported."The policy measures will have significant impact in our efforts to boost bank lending," Bank Indonesia Deputy Director Muliaman...

Astra Sees Auto Market Growing 10%

PT Astra International sees the country's vehicle and motorbike sales expanding by 10% this year as economic conditions start recovering, its president director, Michael D Ruslim, said on Friday (12/01/07).Astra, the country's largest car distributor, hopes to maintain its market share this year.

Telkom to Spin Off Fixed Wireless Unit

PT Telkom plans to spin off its fixed-wireless operation, Telkom Flexi, into a separate unit next month, its president director, Arwin Rasyid, said Wednesday (10/01/07).The move aims to provide greater flexibility for the unit in fixed wireless telecommunications, where Telkom faces competition,...

Govt. to Urge Regions to Spend

Coordinating Minister for the Economy Boediono said Monday (8/01/07) the government will help the regions secure the more expeditious approval of their budgets from their local councils, and is devising policies to ensure that development funds are actually spent on time, rather then being parked...

No Serious Inflation Threat in 2007 - Minister

The government perceives no serious threat of a growth-stunting inflation surge in 2007 and will accelerate efforts to spur economic expansion this year, Coordinating Minister for the Economy Boediono said Tuesday (9/01/07).

Bio-fuel, Telecom Investment Plans

The Sinar Mas group signed memoranda of understanding on Tuesday (9/1/07) for $5.5 billion in bio-fuel development and said it would work with Russian investor Altimo in the telecommunications sector.The MoUs were with China National Offshore Oil Corp. (CNOOC) and Hong Kong Energy (Holdings) Ltd.

Coca Cola, Bintang Toedjoe jointly launch new instant energy drink

Jakarta (ANTARA News) - PT Coca-Cola Indonesia and PT Bintang Toedjoe launched an instant energy drink known as "Extra Joss Strike" at Shangrila Hotel here Tuesday.Under a cooperation, Coca Cola in Indonesia is entitled to produce and distribute instant energy drinks, PT Coca-Cola Indonesia...