that's my point exactly....

almost all the growth is due to the strength of the domestic economy. that won't last forever. just imagine what growth indonesia could achieve if the govt/bureaucracy *did* get their FDI act together!

If they failed to reach their target in 2006, then they don't have any chance of reaching 6.3% this year...but i suppose that's still the IMF's fault. It just blows me away that a country with reverse FDI and a bankrupt govt can still achieve over 5% growth based on the sale of Indo-mie, cigarettes and Bensin...faaark

Jakarta (ANTARA News) - Having succeeded in bringing down interest rates and inflation, the real challenge for Indonesia now is to accelerate economic growth, visiting IMF managing director Rodrigo de Rato said. "The need for the country to increase its growth is certainly a very important challenge... and I think the government is taking the right approach to it," he told reporters after meeting with President Susilo Bambang Yudhoyono.

Jakarta (ANTARA News) - A new regulation limiting refined tin exports from Indonesia should help create fairer competition globally and support the world price of tin, Thobrani Alwi, president of the world's leading tin miner, PT Timah, said. The regulation, issued by the Trade Ministry yesterday, stipulates that only exporters which have registered at the ministry will be allowed to export refined tin.

TEMPO Interactive, Jakarta: PT Kasnic Credit Rating Indonesia will change its name to PT Moody's Indonesia. It was done after Moody's Corporation acquired 99 percent of shares of Kasnic of PT HT Capital and other local investors. Raymond W.

TEMPO Interactive, Surabaya: East Java has succeeded in achieving annual production of 1.1 million tons of sugar, or 47 percent of national production of 2.3 million tons per year. The sugar was produced by 31 sugar refineries in the province. Secretary of PT Pekebunan Nusantara XI (Persero) Adig Suwandi said that the rate of demand for sugar in East Java amounted to 40,000 tons a month, with reserve stocks of 40,000 tons per month.

JAKARTA - The rise and fall of Adam Air, until recently Indonesia's most popular budget airline, has cast a harsh light on the country's weak regulatory regime and reaffirmed already entrenched foreign-investor perceptions about the private sector's often corrupt and careless business practices.

JAKARTA: Small coal-trading company PT Central Korporindo International Tbk. (Cenko) has set aside Rp 110 billion (US$12 million) for the purchase of coal and Rp 50 billion more for the completion of its coal-fired power plant at Pangkalan Bun, Central Kalimantan. The power project, which is now 85.8 percent completed, will start operating in mid-2008, and have a capacity of 14 megawatts (MW), president director Erry Indriyana said Monday.

Two more local firms have entered the fray to win a license for the construction and operation of the US$1.6 billion Palapa Ring fiber-optic project. "Previously, we had three local investors expressing an interest in participating in the project. They are PT Telkom, PT Bakrie Telecom and PT Wireless Indonesia. Now we have two more, both are locals but one is backed with overseas funding," posts and telecommunications director general Basuki Yusuf Iskandar said Tuesday in Jakarta.

The Trade Ministry has issued a regulations banning the export of sand, soil and topsoil in order to protect the environment from degradation and maintain the nation's current maritime boundaries. The bans will come into effect on Feb. 6, and exporters will be given time to make the necessary changes prior to the deadlines. They will also be permitted to fulfill existing contracts.

Jakarta (ANTARA News) - PT Medco Energi Internasional through its subsidiaries Medco Far East Ltd and Medco E&P Malaka has taken over a more than 50 percent stake in Conoco Phillips Aceh Ltd (CPAL). Hilmi Panigoro, President Director of PT. Medco Energi International, in a press release made available to Antara here on Tuesday said that the agreement on the acquisition was signed here today (Tuesday). The other 50 pct stake in CPAL was bought by Premier Oil Sumatra BV.

WASHINGTON (AFP) - The United States is looking into signing an investment treaty with Indonesia this year to set the pace for a larger free trade pact that could boost bilateral trade by up to 40 percent. ADVERTISEMENT Relations between the world's richest nation and the most populous Muslim nation have improved rapidly in recent years and a free trade agreement could be a fitting climax to the blossoming bilateral and Southeast Asian ties.

It simply blows my mind how a national carrier with a near monopoly in such a massive market can post a loss at all... They have reduced it to ONLY 33m?? Does this mean they reduced the amount of management larceny and political/military parasites recieving their retainers as well... or only just sacking workers?